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Euro edges down against dollar after stronger U.S. data NEW YORK: The euro softened slightly against the dollar and yen on Tuesday after stronger U.S. economic data and uncertainty persisted over possible European Central Bank monetary policy action next month.The euro steadily lost ground on the greenback as investors in the United States and the Britain returned from long holiday weekends and encountered higher-than-expected U.S. durable goods data that was tempered by revisions to past reports. .Housing price data in the U.S. rose, but underlying strength was viewed as mixed as prices are rising more slowly on a year-over-year basis, according to the S&P/Case-Shiller Home Prices Indices report.European Central Bank President Mario Draghi, speaking in Portugal, said the bank was aware of risks from prices remaining too low for too long, but that the ECB had the tools to get inflation back to its 2 percent target again."We have a pretty good idea that some sort of action in ...

C$ steady with US markets closed TORONTO: The Canadian dollar was little changed on Monday and was expected to stay within its recent trading range in a session made quiet by the US Memorial Day holiday.So far in May, the Canadian dollar has largely moved sideways as analysts weigh generally improving economic data against the Bank of Canada's neutral policy stance. The central bank shifted away from its hawkish bias last October, pressuring the loonie.Analysts say the currency could be hemmed ...
Fall in German business confidence sinks euro NEW YORK: A poor read on the IFO business climate index for Germany for May sent the euro tumbling on Friday to its lowest level against the US dollar in three months.The index dropped back to 110.4 from 111.2, after a gain the previous month, underscoring continuing concerns about the strength of German and European growth.IFO chief Hans-Werner Sinn said that companies are no longer as positive about either their current business or the outlook ...
C$ firms modestly as inflation rate picks up TORONTO: The Canadian dollar firmed modestly against the greenback on Friday after data showed the domestic annual inflation rate picked up as expected in April, though the currency traded in a small range.So far in May, the Canadian dollar has largely moved sideways as analysts weigh generally improving economic data against the Bank of Canada's neutral policy stance. The central bank shifted away from its hawkish bias last October, an action that has pressured the ...
Euro falls to 3-month low on German data, EU election uncertainty NEW YORK: The euro fell to a three-month low against the dollar and a 17-month trough against the pound on Friday, after a soft German business sentiment survey stoked expectations the European Central Bank will lower interest rates next month. Concerns that Sunday's European Union election results could destabilize some euro zone governments also weighed on the euro. Germany's leading indicator of business confidence, the Ifo index, pointed to slower growth in Europe's largest economy ...
Dollar higher vs euro after dull eurozone PMI numbers NEW YORK: The euro fell against the dollar Thursday, under pressure from a slight downturn in a key eurozone gauge of business activity.Markit Economics's May composite purchasing managers index (PMI) for the single currency area fell to 53.9 points from 54 in April, a slight pullback in the pace of expansion. That was not taken as bad news; the Markit PMI remained at the second-highest level of the past three years.Even so, compared with improving ...
C$ steady after data shows a drop in retail sales TORONTO: The Canadian dollar was little changed against the greenback on Thursday as it clung to a narrow trading range despite data that showed a drop in retail sales in March.The loonie has largely traded sideways so far in May, and analysts expect it to stay comfortable around either side of C$1.10 as the market weighs Canadian economic data that has generally been modestly improving against the Bank of Canada's neutral policy stance.Canadian retail sales ...


Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55

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