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Pound sets worst weekly streak against dollar since 2014

LONDON The British pound inched higher on Friday as the dollar fell across the board, and some traders saw a buying opportunity after data this week pointed to the UK economy holding up relatively well.

Turkey's lira falls 3 percent, Trump won't take pastor's detention 'sitting down'

ISTANBUL Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down". | Video

17 Aug 2018

Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela

CARACAS Venezuela's president Nicolas Maduro announced on Friday a single exchange rate pegged to his socialist government’s petro cryptocurrency, effectively devaluing by 96 percent in a move economists said would fan hyperinflation in the chaotic country.

World 3:53am BST

Dollar slips as China-U.S. trade worries ebb

NEW YORK The dollar fell against a basket of peers on Friday, retreating from a 13-month high hit earlier this week, on lower demand for the safe-haven greenback and some profit-taking, as worries about trade tensions between Washington and Beijing eased.

17 Aug 2018

Kremlin plays down ruble drop, says Russian economy and finances stable

MOSCOW Kremlin spokesman Dmitry Peskov on Friday played down a sharp fall in the ruble, saying there was a "certain volatility" in the market but that Russia's economic and financial systems were entirely stable.

17 Aug 2018