basket of currencies, as sterling rose following areport that rekindled hopes that Britain and the European Unionare on the brink of a Brexit deal. Urn:newsml:m nL9N1W7014 "That flipped everything around. The dollar index, which advanced.51 on Monday and was holding steady around.25 earlier this morning, is currently.13, up marginally from previous close. The single currency had weakenedearlier on worries about the tension between the EU and Italyover that country's budget. Italy's benchmark 10-year government bond yield rosetoward a 4-1/2-year high. The euro eurebs fell to a seven-week low.14325. The services sector is critical component of the US economy, accounting for roughly 80.S. Yuan steadies, the Chinese yuan steadied near a seven-week low against thegreenback as a liquidity squeeze in the offshore yuan market inHong Kong helped stabilize sentiment.
ISM nonmanufacturing data for April slowed.8, missing expectations for a reading.1. The Chinese offshore yuan cnyd4 fell.9350 yuan perdollar before retracing.9158, which was little changed onthe day. This article appears in: Politics, Stocks, World Markets, Economy, referenced Symbols: EFX.
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Reuters notes that if Republicans retain their House majority, global stocks are likely to rally on hopes of more tax cuts. The material has been provided by InstaForex Company m, source: Gold Edges Higher As Dollar Retreats Slightly. Eurozones producer price inflation accelerated for a fifth straight month in September, preliminary data from Eurostat showed. Economy created 189,000 jobs in April. EUR/USD rose.30 despite data showing inflation undershot economists estimates in April. Bonds last week on fears that domesticinflation might accelerate, prompting the Federal Reserve tohasten the pace of interest rate hikes. The Fed is expected to hold rates unchanged this month. The Commerce Department said on Wednesday final. Wage growth, or average hourly earnings, is expected to garner the bulk of the attention amid expectations that a tighter labour market would support faster inflation. Yields scale back from multi-year highs * Sterling bounces on DJ report of Brexit deal by Monday * IMF cuts world growth forecasts on tariffs, EM strain * Yuan stabilizes near seven-week lows amid liquiditysqueeze * Graphic: World FX rates in 2018 /2egbfVh (Updates market.
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