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European stocks sapped by weak economic data, travel curbs
Published at 22/01/2021 at 17:21 -
UK stocks under pressure from weak data on the economy
Published at 22/01/2021 at 17:12 -
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
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FOREX-Dollar gains after three-day fall as risk rally takes a breather
Published at 22/01/2021 at 20:38 -
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
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Oil falls on China's COVID-19 cases, high crude build
Published at 22/01/2021 at 22:44 -
PRECIOUS-Gold falls more than 1% on firm dollar but on course for weekly gain
Published at 22/01/2021 at 19:10 -
REFILE-UPDATE 6-Oil falls as China COVID-19 cases trigger clampdowns
Published at 22/01/2021 at 16:43 -
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
FOREX-Dollar on defensive amid weak U.S. data, increase in risk appetite
* Graphic: World FX rates in 2020
* Dollar grinds lower against many currencies
* Improving risk appetite draws funds from dollar
* Traders closely monitoring moves in yuan
By Stanley White
TOKYO, Nov 26 (Reuters) - The dollar was on the defensive on Thursday as downbeat U.S. economic data and optimism about coronavirus vaccines prompted investors to seek out riskier assets tied to global commodities and emerging markets.
The British pound traded near a more than two-month high against the dollar as investors awaited details on trade talks between Britain and the European Union this week.
The dollar's fall has been so rapid that it could rebound in the short term, but some investors still expect a decline over the longer term as they shift positions in anticipation that the coronavirus outbreak will wane next year.
"A China-led recovery in the global economy and commodities should benefit commodities currencies," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo.
"The outlook is good, but we are reaching levels where authorities might feel some concern. Other emerging market currencies with good fundamentals should benefit."
Against the euro , the dollar stood at $1.1925, close to its weakest in more than two months.
Sterling bought $1.3387, which is near its strongest level since Sept. 2. The pound held steady at 89.06 pence per euro .
The dollar was little changed at 104.33 yen .
Investors have rushed to riskier currencies and emerging market assets in recent weeks after positive data on COVID-19 vaccine efficacy and signs of stability in U.S. politics, which has weighed broadly on the dollar.
Sentiment for the greenback took a hit after data on Wednesday showed weekly U.S. jobless claims rose more than expected and personal incomes fell.
Some economists say more job losses are likely as many U.S. states reinforce restrictions on businesses to curb a spread of coronavirus infections.
The dollar index against a basket of six other currencies was near the lowest in more than two months.
In Asia, trading in the dollar is likely to be subdued because U.S. financial markets are closed later on Thursday for the Thanksgiving holiday.
Investors will closely monitor the onshore yuan to see if China's currency will resume its advance toward a 29-month high set last week.
The Australian dollar traded near its highest since September, supported by improving risk appetite and strong Chinese demand for the commodities that Australia exports.
The New Zealand dollar traded near its strongest level in more than two years.
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Currency bid prices at 9:16 AM (0016 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar $1.1925 $1.1914 +0.10% +6.37% +1.1925 +1.1915
Dollar/Yen 104.3300 104.4200 +0.00% -3.86% +104.4150 +0.0000
Euro/Yen 124.40 124.43 -0.02% +2.01% +124.4900 +124.3800
Dollar/Swiss 0.9073 0.9081 -0.07% -6.22% +0.9082 +0.9075
Sterling/Dollar 1.3387 1.3386 +0.03% +0.96% +1.3389 +1.3382
Dollar/Canadian 1.3004 1.3007 -0.02% +0.11% +1.3007 +1.3002
Aussie/Dollar 0.7364 0.7365 -0.01% +4.96% +0.7366 +0.7362
NZ 0.7006 0.7007 -0.03% +4.10% +0.7014 +0.7004
Dollar/Dollar
All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ
(Reporting by Stanley White; editing by Richard Pullin)
((stanley.white@tr.com; +81 (0)3 4563 2799; twitter.com/stanleywhite1 ;))