Dollar gains as Fed minutes show bond buys not imminent
NEW YORK - The dollar gained on Wednesday, pushing the euro to a fresh two-year low, after minutes of last month's Federal Reserve meeting showed additional asset-buying by the Fed was not imminent and likely to occur only if U.S. economic conditions worsened.
U.S. Stocks down after Fed's June minutes released
NEW YORK - U.S. equity markets slipped in thin trade on Wednesday while crude oil rose after minutes from a Federal Reserve meeting in June showed policymakers are open to buying more bonds to stimulate the U.S. economy, but conditions might need to worsen.
Sterling at 3-1/2 year high versus euro, boosts trade index
LONDON - Sterling hit a fresh 3-1/2 peak against the euro on Wednesday as investors, concerned about the lack of progress on efforts to solve the euro zone debt crisis, continued to seek the safety of UK assets.
Trade-weighted sterling rises to 6-week high - BoE data
LONDON - Sterling rose to its highest in six weeks on a trade-weighted basis, buoyed by its gains against the weak euro, data from the Bank of England showed on Wednesday.
Euro falls victim to ECB's deposit rate policy
LONDON - The European Central Bank may finally have dealt a blow to the euro's resilience during the regional debt crisis.
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