FOREX-Dollar in doldrums as heads for worst week since 2009 *On track for worst week since May 2009. LONDON, Feb 5- The dollar inched up from a 2-1/ 2- month low on Friday but was on track for its heaviest weekly loss since 2009, as investors awaited U.S. employment data for justification of the view that the Federal Reserve will not raise rates in 2016.. Commerzbank currency strategist Thulan Nguyen, in Frankfurt, said a weak...
| By: Jemima Kelly
Stocks edge lower in early trading on Wall Street HONG KONG— World stock markets were uneven Friday as investors awaited U.S. job numbers that could influence how much the Fed raises interest rates this year. France's CAC 40 rose 0.6 percent to 4,255.33 while Germany's DAX dipped 0.2 percent to 9,378.43. Britain's FTSE climbed 0.2 percent to 5,911.46.
Source: The Associated Press
| By: By KELVIN CHAN, AP Business Writer
FOREX-Dollar nurses losses as payrolls report looms TOKYO, Feb 5- The dollar steadied in Asian trading on Friday but remained on track for weekly losses, as investors braced for U.S. employment figures later in the session for the latest clues on the outlook for the Federal Reserve's monetary tightening path. "The charts suggest the short dollar/yen trade is still the advantageous trend trade, but with the non-farm...
| By: Lisa Twaronite
Asia ends mixed; Nikkei ends off 5.9% for week Asian markets came under pressure on Friday, closing mixed despite a positive finish on Wall Street overnight, as a newly weaker dollar brought fresh concerns.
| By: Saheli Roy Choudhury
German real wages rise at strongest rate in more than two decades BERLIN, Feb 4- German real wages rose at the strongest rate in more than 20 years in 2015 due to record-low inflation and robust pay hikes, data showed on Thursday, boosting private consumption which has become the main driver of growth in the economy. Chancellor Angela Merkel's government introduced a national minimum wage of 8.50 euros per hour at the beginning...
FOREX-No traction for dollar after Fed rates collapse LONDON, Feb 4- The dollar was back on the defensive in early trade in Europe after a collapse in expectations of a further rise in U.S. interest rates this year drove its biggest daily fall in over two months on Wednesday. Another warning by European Central Bank chief Mario Draghi that the bank would not hesitate in doing what was necessary to get inflation back to...
| By: Patrick Graham
US Education official apologizes for judgment, collapses WASHINGTON— The Education Department's chief information officer collapsed Tuesday after undergoing grueling questioning from lawmakers about his work on side businesses with subordinates, failure to pay taxes on his profits and award of a government contract to a friend's company. Harris had testified before the House Committee on Oversight and...
Source: The Associated Press
| By: By TAMI ABDOLLAH, Associated Press