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Energy, mining stocks weigh on British shares
Published at 22/01/2021 at 09:41 -
European stocks fall on travel curbs, weak business activity data
Published at 22/01/2021 at 09:33 -
European stocks head lower ahead of business activity data
Published at 22/01/2021 at 08:16 -
British shares slip as energy, mining stocks weigh
Published at 22/01/2021 at 08:13 -
UK Stocks-Factors to watch on Jan. 22
Published at 22/01/2021 at 07:48 -
UK Stocks-Factors to watch on Jan. 22
Published at 22/01/2021 at 06:25 -
European stocks run out of steam after ECB; energy shares weigh
Published at 21/01/2021 at 17:22 -
Energy stocks drag down FTSE 100, IG Group slides
Published at 21/01/2021 at 17:05 -
London stocks rise on swift economic recovery, U.S. stimulus optimism
Published at 21/01/2021 at 08:19 -
European shares extend gains on U.S. stimulus hope
Published at 21/01/2021 at 08:19
Forex News
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FOREX-Dollar edges up after 3-day losing streak as risk rally pauses
Published at 22/01/2021 at 16:17 -
FOREX-Dollar inches up after three-day losing streak; risk currencies fall
Published at 22/01/2021 at 12:44 -
FOREX-Dollar stabilises after three-day decline; PMIs in focus
Published at 22/01/2021 at 09:03 -
FOREX-Dollar nurses weekly loss as bounce fades
Published at 22/01/2021 at 06:09 -
FOREX-Dollar's bounce fades as risk appetite rises
Published at 22/01/2021 at 01:45 -
FOREX-Dollar slides for third day on U.S. data, stimulus expectations
Published at 21/01/2021 at 20:55 -
FOREX-Dollar retreats for third day on U.S. data, stimulus hopes
Published at 21/01/2021 at 19:16 -
Bitcoin slumps 10% as pullback from record high gathers pace
Published at 21/01/2021 at 18:59 -
FOREX-Dollar drops for third day on U.S. stimulus optimism
Published at 21/01/2021 at 16:08 -
FOREX-Euro clings to gains as ECB sticks to policy, dollar dips
Published at 21/01/2021 at 13:13
Market News
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PRECIOUS-Gold falls over 1%, pinched by firm dollar but on course for weekly gain
Published at 22/01/2021 at 15:50 -
Oil fall as China COVID-19 cases trigger clampdowns
Published at 22/01/2021 at 15:09 -
PRECIOUS-Gold slips as dollar firms but still set for first weekly gain in three
Published at 22/01/2021 at 13:12 -
PRECIOUS-Gold slips as yields gain, but set for best week in five
Published at 22/01/2021 at 08:35 -
Oil drops as new COVID cases in China trigger clampdowns
Published at 22/01/2021 at 02:04 -
PRECIOUS-Gold dips as yields rise, but eyes best week in five
Published at 22/01/2021 at 01:11 -
Oil steadies after unexpected build in U.S. crude stockpiles
Published at 21/01/2021 at 20:06 -
PRECIOUS-Gold slips on profit taking; stimulus bets limit losses
Published at 21/01/2021 at 19:11 -
PRECIOUS-Gold steadies near 2-week high on dollar retreat
Published at 21/01/2021 at 12:31 -
PRECIOUS-Gold hits 2-week high as U.S. stimulus hopes pressure dollar
Published at 21/01/2021 at 07:24
FOREX-Dollar rebounds from 3-month low after U.S. data; FOMC minutes awaited
Published at
25/11/2020 at 15:32
* Dollar recovers from 3-month lows
* Bitcoin shy of 2017 record
(New throughout, updates prices, market activity, comments to U.S. market open; previous LONDON)
By Saqib Iqbal Ahmed
NEW YORK, Nov 25 (Reuters) - The dollar rebounded from a three-month low against a basket of currencies on Wednesday as a risk-on rally in global financial markets appeared to stall after U.S. data showed a less-than-rosy economic picture.
The number of Americans filing first-time claims for jobless benefits increased further last week, suggesting that an explosion in new COVID-19 infections and business restrictions were boosting layoffs and undermining the labor market recovery.
The U.S. dollar index was 0.05% lower at 92.086, having fallen as low as 91.941 earlier in the session, its weakest since Sept 1. Against the yen, the dollar was 0.07% lower.
With the U.S. Thanksgiving break around the corner, it would not be surprising to see risk assets correct and the U.S. dollar rebound modestly, Shaun Osborne, chief currency strategist at Scotiabank, said in a note, "as positions are squared up ahead of what is effectively a long weekend".
"But that would likely do little to alter what is a fairly deeply entrenched, bearish psyche surrounding the USD," Osborne said.
The dollar has come under pressure in recent months from expectations that U.S. rates will remain near historic lows for years to come, and as news of various COVID-19 vaccines helped boost investors’ appetite for riskier currencies.
Still, the dollar is expected to continue to fall as progress on a vaccine and the expected choice of former Federal Reserve Chair Janet Yellen as the next U.S. Treasury secretary relieved two big uncertainties for investors.
Later today, investors will be focused on the minutes from the Federal Reserve's latest meeting.
"We don’t expect much surprise and see limited room for the minutes to tame the dollar decline. If anything, the risks are skewed to a possible surprise coming from hints at an expansion in quantitative easing in December," strategists at ING said in a note to clients.
Sterling edged lower on Wednesday after British finance minister Rishi Sunak announced a one-year spending plan to parliament, along with new forecasts for the country's coronavirus-hit economy.
Bitcoin , the most popular cryptocurrency, climbed to $19,271, just short of its record of $19,666 from December 2017.
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(Reporting by Saqib Iqbal Ahmed; Editing by Jan Harvey)
((saqib.ahmed@thomsonreuters.com; @SaqibReports; +1 646 223 6054; Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net))