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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.

Investors misinterpreting Fed officials' tightening forecasts: Plosser

NEW YORK (Reuters) - A top U.S. Federal Reserve policymaker warned on Tuesday that investors seem to be "misinterpreting" the Federal Open Market Committee's predictions for when interest rates will finally rise. Philadelphia Fed President Charles Plosser said the projections, published quarterly by the central bank's policy-making committee, "are not forecasts" for the Fed as a whole but reflections of each individual policymaker's expectations of appropriate monetary policy over the next few years.

US Fed watching Ukraine situation 'very closely'

Federal Reserve Chair Janet Yellen said Wednesday that the US central bank is watching the situation in Ukraine closely amid worries about an escalation in tensions. Speaking after a meeting of the Fed's monetary policy committee, in which the turmoil between the West and Russia over Ukraine was discussed, Yellen said that so far the policy makers did not see any "meaningful impacts" yet on the economy. "It's something that we are monitoring very closely," she said at a news conference following the Federal Open Market Committee meeting.

Bank of England sees broader UK recovery, eyes sterling

LONDON (Reuters) - Britain's economic recovery is broadening but has some way to go before it is sustainable, Bank of England policymakers concluded at their March 5-6 meeting, minutes showed on Wednesday. The nine officials on the Monetary Policy Committee again noted the further strength in sterling - but did not directly express concern - and differed over how much slack there is in Britain's labor market.

Bank of England announces shake-up as it probes FX case

By Jamie McGeever and David Milliken LONDON (Reuters) - The Bank of England will overhaul the way it works with banks and financial markets as it faces criticism of its response to signs of possible manipulation of foreign exchanges rates. BoE Governor Mark Carney faced more than four-and-a-half hours of questioning by lawmakers on Tuesday, a large part of which was devoted to the bank's response to allegations that key currency benchmarks had been rigged.

Fed's Dudley pushes policy guidance change at March FOMC: report

NEW YORK (Reuters) - William Dudley, the head of the Federal Reserve Bank of New York, said a policy meeting later this month is a good time for the U.S. central bank to adjust its published guidance on when interest rates would eventually rise, according to a published report. The Fed, which has held rates near zero since late 2008, has said it would not consider a rate rise until well after the U.S. unemployment rate falls below a threshold of 6.5 percent, as long as inflation remains below 2.5 percent.

Fed's Dudley pushes policy guidance change at March FOMC: report

NEW YORK (Reuters) - William Dudley, the head of the Federal Reserve Bank of New York, said a policy meeting later this month is a good time for the U.S. central bank to adjust its published guidance on when interest rates would eventually rise, according to a published report. The Fed, which has held rates near zero since late 2008, has said it would not consider a rate rise until well after the U.S. unemployment rate falls below a threshold of 6.5 percent, as long as inflation remains below 2.5 percent.

Like the Fed, Bank of England could go 'dotty' with forward guidance

By Andy Bruce LONDON (Reuters) - When it begins overhauling its "forward guidance" policy this month, the Bank of England may be tempted to look across the Atlantic for inspiration, perhaps even cloning one of the tools that has served the U.S. Federal Reserve well. It could all be in the "dots" - a published matrix of where rate-setters think interest rates are heading. That, at least, is one of the things the Bank is expected to ponder.

US stocks drop ahead of Fed policy decision

US stocks Wednesday opened sharply lower ahead of a widely watched policy decision by the US Federal Reserve on continuing to trim stimulus. Five minutes into trade, the Dow Jones Industrial Average slumped 138.57 points (0.87 percent) to 15,789.99 The broad-based S&P 500 fell 13.81 (0.77 percent) to 1,778.69, while the tech-rich Nasdaq Composite Index declined 35.04 (0.85 percent) to 4,062.93.

Saskatoon reviewing the way it operates; administration wants committees

SASKATOON - Saskatoon is reviewing the way it operates. City manager Murray Totland says there's a feeling that the city has outgrown its current governance model. The administration is presenting council with a list of recommendations meant to streamline the way council operates. He says there's an emphasis on unclogging the works at full meetings in favour of seeing more of the grunt work done by committees. For example, one change would see people addressing council meetings restricted to items on that day's official agenda.
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