LONDON Sterling bounced back from an eight-day low against the euro on Friday, with investors hopeful of a breakthrough in Brexit negotiations after British Prime Minister Theresa May won a modest reprieve in stalled talks with the European Union.
NEW YORK The dollar made its biggest daily gain in a month on Friday and posted a weekly increase for the fifth time in six weeks as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk.
SYDNEY The New Zealand dollar dropped more than 1 percent on Thursday to a near 4-1/2 month low after the left-leaning Labour Party won the support of a minor nationalist party to form a ruling coalition, following an inconclusive election last month.
BEIJING China's foreign exchange regulator said on Wednesday he expects yuan exchange rates to have a more stable foundation after the 19th Communist Party Congress, amid market expectations of a move to widen the yuan's daily trading band.
BEIJING China's central bank said global usage of the yuan will increase and its function as a reserve currency will gradually emerge.
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