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Yen gains as political worries stoke safe-haven bids2017/02/20
TOKYO: The yen rose against major currencies on Friday as concerns about the upcoming French elections and the lack of movement in fiscal changes in the United States kindled safe-haven demand for the Japanese currency.
The dollar improved versus most peers with the exception of the yen, chalking up a second week of gains following a mildly hawkish view from Federal Reserve Chair Janet Yellen and surprising strong U ...

Sterling drops on weak UK retail sales under Brexit shadow2017/02/20
LONDON: Sterling sank to a 10-day low against the euro on Friday after a surprise third monthly fall running in British retail sales pointed to weakening consumer sentiment as the government gets ready to launch talks on leaving the European Union.
Shoppers have driven a relatively robust performance for Britain's economy since last June's Brexit vote but the data showed sales volumes down 0 ...

Gold steadies as global equities lose momentum2017/02/20
NEW YORK/LONDON: Gold prices eased on Friday but notched a weekly gain as investors opted for the safe-haven qualities of bullion due to uncertainty about U.S. and European politics as well as the direction of stock markets.
Global equity markets lost momentum after setting record highs in the previous two sessions, partly due to disquiet about the policies of U ...

Oil prices drop as swelling supplies overshadow OPEC cuts2017/02/20
LONDON: Oil prices slipped on Friday, with U.S. crude on track for its first weekly decline in five weeks, as pressure from a stronger dollar, rising drilling and record stockpiles in the United States faced efforts by major producers to cut enough output to reduce a global glut. U.S. energy companies added oil rigs for a fifth straight week, Baker Hughes said, extending a nine-month recovery as drillers take advantage of crude prices that have held mostly over $50 a barrel since OPEC agreed to cut supplies in late November ...

Rand slides as dollar rebounds; stocks slip2017/02/20
JOHANNESBURG: South Africa's rand retreated on Friday as the dollar gained, following a rally that had lifted the South African currency to a 17-month high. Stocks followed global markets down.
By 1540 GMT, the rand had weakened 0.46 percent to 13.0800 per dollar after closing at 13 ...

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