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Brazil’s swap rates dropped for the first time in four days after a report showed industrial confidence declined in June, prompting speculation that lackluster economic growth will help tame inflation.
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Gold swung between gains and losses near the lowest price in more than three weeks in London before the U.S. Federal Reserve concludes a policy meeting that may indicate when the central bank will reduce stimulus.
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About 600 members of Indonesia’s biggest opposition party protested in Jakarta today against a government plan to raise subsidized fuel prices.
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The Australian dollar remained lower following a three-day loss against the greenback before the Federal Reserve concludes a policy meeting today.
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Louis Bacon, Michael Novogratz and other multibillion-dollar hedge-fund managers expect to make more money this year from rising Japanese stocks and a falling yen even after being forced to scale back their bets as markets changed direction, according to clients.
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Brazil’s real touched a four-year low, prompting the central bank to intervene for a second straight day as a report showed higher-than-forecast inflation.
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The Canadian dollar declined for a third day versus its U.S. peer amid speculation the Federal Reserve may indicate when it will begin slowing monetary stimulus in the U.S., the nation’s largest trading partner.
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The yen weakened for a second day against the dollar as the Federal Reserve holds a two-day meeting that may provide more information about when U.S. policy makers will start to reduce bond purchases.
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Brazil’s central bank President Alexandre Tombini said policy makers are working to reduce the inflationary pressure that may stem from a drop in the real, the worst performing major currency in the past month.
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Mexico’s peso fell for a third day as mounting concern that Federal Reserve policy makers will signal this week that they’re preparing to scale back monetary stimulus damps demand for emerging-market assets.