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LONDON, May 22 - Sterling was on track for its biggest fall against the dollar in three weeks on Friday after a stronger-than-expected rise in U.S. core consumer prices in April revived bets that inflation may reach the Federal Reserve's 2 percent target.
* Dollar on track for best week against euro in over 3-1/2 years
(The following statement was released by the rating agency) PARIS/LONDON, May 22 (Fitch) Fitch Ratings has revised the Outlook on Hungary's Long-term foreign and local currency Issuer Default Ratings (IDR) to Positive from Stable and affirmed the IDRs at 'BB+' and 'BBB-' respectively. The issue ratings on Hungary's senior unsecured foreign and local currency bonds have also been affirmed at 'BB+' and 'BBB-' respectively. The Country Ceiling has been affirmed at 'BBB' and the Short-term fore
WASHINGTON, May 22 - President Barack Obama scored a major victory on Friday when the U.S. Senate voted to give him "fast-track" powers that would help wrap up negotiations on a 12-nation Pacific Rim trade deal central to projecting American influence in Asia.