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Sterling bounces back, boosted by progress in Brexit talks

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.

Dollar rises vs safe havens after U.S. Senate clears way for tax reform

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.

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NZ dollar sinks as Labour forms ruling coalition

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.

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China FX regulator expects more stable foundation for yuan after party congress

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.

18 Oct 2017