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Dollar firms slightly after upbeat US retail data

The dollar moved higher against other major currencies on Monday after an encouraging US retail sales report and hints of more stimulus in the pipeline from the European Central Bank. Around 2100 GMT, the euro bought $1.3820, down from $1.3883 late Friday. The dollar also rose against the Japanese currency, to 101.82 yen from 101.59 yen. The euro fell to 140.74 yen from 141.13.

Canadian dollar up amid strong retail data; traders look to rate announcement

TORONTO - The Canadian dollar closed higher Monday as traders took in a strong retail reading from the United States and looked ahead to the Bank of Canada's interest rate announcement. The loonie moved up 0.22 of a cent to 91.3 cents US. The U.S. Commerce Department reported that retail sales for March were up 1.1 per cent from February, higher than the 0.9 per cent rise that economists had forecast. The government also revised February to a 0.7 per cent gain, more than double its previous estimate. Sales had fallen in January and December amid severe winter weather.

Scotiabank raises outlook for price of nickel following Indonesian export ban

OTTAWA - Scotiabank is raising its outlook for the price nickel following an Indonesian export ban on unprocessed ore that took effect earlier this year. Nickel prices have been rising following the Indonesian ban that was enacted in an attempt to encourage foreign investment in ore processing in the country. "While the export ban was announced more than 4 years ago with an unchanged starting date of January 2014, few market observers, including ourselves, believed that Indonesia would have the resolve to stick with this agenda," Scotiabank said in a report Monday.

Scotiabank raises outlook for price of nickel following Indonesian export ban

OTTAWA - Scotiabank is raising its outlook for the price nickel following an Indonesian export ban on unprocessed ore that took effect earlier this year. Nickel prices have been rising following the Indonesian ban that was enacted in an attempt to encourage foreign investment in ore processing in the country. Scotiabank says many expected Indonesia would not have the resolve to stick with the ban, but it now appears the country is sticking with its agenda. The bank says it now expects nickel to average $7.66 per pound this year, up from earlier expectations for $6.75.

Euro down in Asia on Draghi easing comments

The euro weakened in Asia Monday after European Central Bank chief Mario Draghi said policymakers may need to take action to stem the unit's rise. In Tokyo afternoon trade, the single currency weakened to $1.3853 and 140.72 yen, down from $1.3882 and 141.11 yen in New York Friday. The dollar also fell to 101.55 yen, from 101.65 yen in US trading. At the weekend, Draghi hinted at further policy moves after the ECB stood pat at its meeting earlier this month, while he also warned over the threat of deflation in the 18-member bloc.

Asian stocks decline following 2 days of US declines, forecast of lower corporate profits

BEIJING, China - Asian stock markets fell Monday following two days of U.S. declines and forecasts of lower American corporate profits. Oil rose above $104 per barrel amid renewed tensions between Ukraine and Russia. China's benchmark Shanghai Composite Index lost 0.4 per cent to 2,122.38 and the regional heavyweight, Tokyo's Nikkei 225, shed 0.1 per cent to 13,944.43. Sydney's S The declines came after investors drove U.S. markets lower for a second day Friday due to anxiety that earnings growth was faltering.

Dollar steadies ahead of Yellen appearances next week

The dollar stabilized Friday against other currencies as investors looked ahead to fresh comment next week from US Federal Reserve Chair Janet Yellen. Near 2200 GMT, the euro traded at $1.3882, down slightly from the $1.3888 Thursday. The dollar bought 101.65 yen, up from 101.55 of the Japanese currency. The euro traded at 141.11 yen compared with 141.04.

Dollar edges up in Asian trade

The dollar on Friday clawed back some of the losses suffered against the yen earlier in the week as investors welcomed data showing US jobless claims at a seven-year low. In late afternoon Tokyo trade, the greenback changed hands at 101.75 yen, up from 101.44 yen in New York. The euro rose to 141.34 yen from 140.88 yen while it also edged higher to $1.3891 from $1.3888. Dealers said the dollar was consolidating after hitting a three-week low of 101.33 yen at one stage Thursday as shares on Wall Street tumbled and US Treasury bond yields sank.

Dollar edges up in Asian trade

The dollar on Friday clawed back some of the losses suffered against the yen earlier in the week as investors welcomed data showing US jobless claims at a seven-year low. In midday Tokyo trade, the greenback changed hands at 101.64 yen, compared with 101.44 yen in New York. The euro rose to 141.23 yen from 140.88 yen while it also edged up to $1.3894 from $1.3888. Dealers said the dollar was consolidating after hitting a three-week low of 101.33 yen at one stage Thursday as shares on Wall Street tumbled and US Treasury bond yields sank.

Asian shares slip after Wall St rout

Asia's markets fell on Friday following hefty plunges on Wall Street as US technology stocks suffered another sell-off, while China released data showing inflation picked up in March but was still below forecasts. Tokyo sank 2.31 percent by the break, Hong Kong lost 0.61 percent, Shanghai was 0.18 percent lower, Sydney shed 0.91 percent and Seoul was down 0.77 percent. The Nasdaq suffered another slump on Thursday on lingering fears that high-flying technology stocks like Facebook and Netflix may be overvalued.
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