money,-money,-money:-behind-the-scenes-at-a-euro-note-printing-press Forex News 

Money, money, money: behind the scenes at a euro note printing press

© Reuters. A detail of the silvery stripe on the new 200 euro banknote is seen in the secretive vaults inside the Bank of Italy in Rome ROME (Reuters) – In secretive vaults in Rome, crisp 100 and 200 euro banknotes are rolling off the printing press. The new notes with enhanced security features will offer better protection against forgeries, officials told Reuters, which was given rare access to see the Bank of Italy’s Banknote Printing Department at work. The notes, named after the mythological princess Europa and released on…

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forex-–-yuan-falls-as-us.-“not-ready-for-a-deal;”-dollar-ticks-higher Forex News 

Forex – Yuan Falls as U.S. “Not Ready for a Deal;” Dollar Ticks Higher

© Reuters. – The Chinese yuan fell, while the U.S. dollar ticked higher on Tuesday in Asia after U.S. President Donald Trump said Washington is “not ready to make a deal” with China. The rose 0.2% to 97.685 by 11:50 PM ET (03:50 GMT). The pair edged up 0.1% to 6.9083. Trump said on Monday that the U.S. is “not ready to make a deal” with China. “I think they probably wish they made the deal that they had on the table before they tried to renegotiate it,” Trump…

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forex-–-euro-holds-steady-after-eu-election-results,-pound-ticks-higher Forex News 

Forex – Euro Holds Steady after EU Election Results, Pound Ticks Higher

© Reuters. – The euro was holding steady on Monday after the results of EU parliamentary elections showed that pro-European Union parties held on to two-thirds of seats, limiting the gains of their euro skeptic opponents. was little changed at 1.1199 by 03:31 AM ET (07:31 GMT), close to one-and-a-half week highs, having pulled away from Thursday’s two-year trough of 1.1105. While center-right and center-left blocs are losing their shared majority, surges in the Greens and liberals meant parties committed to strengthening the union held on to two-thirds of…

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why-the-yuan-could-break-7-…-or-6-…-or-8 Forex News 

Why the Yuan Could Break 7 … or 6 … or 8

No results matched your search Forex1 hour ago (May 27, 2019 12:20AM ET) © Reuters. Why the Yuan Could Break 7 … or 6 … or 8 (Bloomberg Opinion) — Don’t sweat the line-in-the-sand stuff. China’s currency will probably weaken beyond 7 per U.S. dollar because economic conditions warrant it and the policy response encourages it. Even in China, fundamentals can’t be ignored indefinitely. Despite the parlor game among some market participants about the desire or ability of the People’s Bank of China to keep the yuan above that level,…

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asia’s-worst-currency-hammered-as-funds-buy-foreign-stocks Forex News 

Asia’s Worst Currency Hammered as Funds Buy Foreign Stocks

No results matched your search Forex2 hours ago (May 26, 2019 10:40PM ET) © Bloomberg. An employee arranges genuine bundles of South Korean 50,000 won banknotes for a photograph at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea, on Monday, Aug. 14, 2017. The won advanced for the first day in four as top U.S. national security officials sought to damp down talk of am imminent war with North Korea following days of heightened rhetoric. Photographer: SeongJoon Cho/Bloomberg (Bloomberg) — As if South Korea’s won…

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forex-–-yuan-inches-up-as-china-warns-“huge-loss”-for-shorters Forex News 

Forex – Yuan Inches Up as China Warns “Huge Loss” for Shorters

© Reuters. – The Chinese yuan inched up on Monday in Asia as China warns that yuan shorters could “suffer from a huge loss.” The pair fell 0.1% to 6.8925 by 11:30 PM ET (03:30 GMT). Guo Shuqing, head of China’s banking and insurance regulator, said in a speech that speculators “shorting the yuan will inevitably suffer from a huge loss.” China will report its May economic performance on Friday. According to analysts, the official manufacturing PMI would likely contract amid the trade war with the U.S. The pair…

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euro-holds-steady-after-eu-vote-shows-pro-europe-parties-cling-to-majority Forex News 

Euro holds steady after EU vote shows pro-Europe parties cling to majority

© Reuters. FILE PHOTO: U.S. dollar and Euro notes are seen in this picture illustration By Hideyuki Sano TOKYO (Reuters) – The euro barely budged in early Monday trade after pro-European Union parties held on to two-thirds of seats in the EU parliament elections, limiting gains in nationalist opponents. The common currency was little changed at $1.1210 in Asian trade and off a two-year low of $1.11055 touched on Thursday, as the markets studied the outcome of the vote. While center-right and center-left blocs are losing their shared majority, surges…

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race-to-succeed-uk-pm-may-centers-on-‘no-deal’-brexit-battle Forex News 

Race to succeed UK PM May centers on ‘no deal’ Brexit battle

© Reuters. British Prime Minister Theresa May arrives to deliver a statement in London By Kylie MacLellan LONDON (Reuters) – The prospect of a “no deal” Brexit was fast becoming the central battle of the race to succeed Prime Minister Theresa May on Sunday, as environment minister Michael Gove became the latest candidate to declare. May said on Friday she was quitting over her failure to deliver Brexit, potentially opening the way for a new leader who could seek a more divisive split with the European Union and lead to…

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forex-–-weekly-outlook:-may-27-–-31 Forex News 

Forex – Weekly Outlook: May 27 – 31

© Reuters. – The latest developments in the U.S.- China trade war will be closely watched by investors in this holiday shortened week, as will EU election results, a fresh batch of global economic data and the swirling leadership crisis in the U.K. , which has increased the prospect of a no-deal Brexit. The dollar fell against a currency basket on Friday, retreating further from two-year peaks, after weaker than expected U.S. economic data added to the view that the economy is losing momentum. A report showing a decline…

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trump’s-‘easy’-trade-war-hits-snags-as-china-plays-the-long-game Forex News 

Trump’s ‘Easy’ Trade War Hits Snags as China Plays the Long Game

© Bloomberg. MONESSEN, PA – JUNE 28: Presumptive Republican candidate for President Donald Trump speaks to guests during a policy speech during a campaign stop at Alumisource on June 28, 2016 in Monessen, Pennsylvania. Trump continued to attack Hillary Clinton while delivering an economic policy speech targeting globalization and free trade. (Photo by Jeff Swensen/Getty Images) (Bloomberg) — In June 2016, presidential candidate Donald Trump stood between bales of crushed aluminum and a crowd of supporters in a factory outside of Pittsburgh and made a promise on trade that wasn’t…

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