LONDON Sterling on Thursday fell after disappointing UK retail sales data added to concerns about how many interest rate hikes the Bank of England will pursue this year.
LONDON The euro briefly flirted with $1.24 (0.8739 pounds) on Thursday but a rise in long-term U.S. bond yields supported the dollar and pushed the single currency further back into its recent trading range.
Investors trimmed their long positions in most emerging Asian currencies in the last two weeks, a Reuters poll showed, as the dollar bounced back amid improving appetite for riskier assets and upbeat U.S. economic data.
HONG KONG Hong Kong's central bank said on Thursday it has confidence in the financial hub's more than three-decade old peg to the U.S. dollar, even as it continued to intervene to prop up the currency and as interbank rates jumped to a 10-year high.
LONDON Foreign exchange trading volumes rose to a record high in the first three months of the year, data from CLS showed on Thursday, as a rise in volatility from multi-year lows encouraged more buying and selling of currencies.
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