Roberto Mialich News
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U.K. government bonds declined, with 10-year yields rising the most in two weeks, as the Debt Management Office increased planned sales of gilts by 4.7 billion pounds ($7.18 billion) this year.
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The euro fell to a two-week low against the dollar as a report showed services and manufacturing in the region shrank for a 15th month, adding to speculation the European Central Bank will cut interest rates to spur growth.
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The euro fell to a two-week low against the dollar as a report showed services and manufacturing in the region shrank for a 15th month, adding to speculation the European Central Bank will cut interest rates to spur growth.
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The Swiss franc climbed to the highest level against the euro since the European currency’s introduction in 1999 on concern fiscal tightening will limit growth in the euro region.
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The euro rose to its strongest level against the dollar in 11 months before the European Central Bank gives a first indication of how much of its three-year loans financial institutions plan to repay early.
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The pound fell for a third day against the euro after Mark Carney, who will become governor of the Bank of England in July, said central banks around the world have room to ease monetary policy further if needed.
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The euro rose to its strongest level against the dollar in 11 months as the European Central Bank said banks will hand back a greater amount of three-year loans than analysts estimated, boosting short-term borrowing costs.
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The yen slid against the dollar in the longest weekly losing streak on record as investors who bet on bold action from the Bank of Japan were encouraged by officials suggesting the currency has further to fall.
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The euro rose for a third day against the dollar after Germany and France reached an agreement on addressing Greece’s debt crisis before a summit aimed at stopping contagion in Europe’s bond markets.
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The pound fell to its weakest level in a month against the dollar as a Bank of England policy maker said the U.K. economy may slip back into a recession.
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