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U.S. Dollar Slides On Trade Concerns

The U.S. dollar declined against its most major counterparts in the European session on Monday, as China pulled out of trade talks with the U.S., escalating trade tensions between the world’s two largest economies. China cancelled planned trade talks with the U.S. and also cancelled a planned visit to the U.S. by vice premier Liu…

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German Business Confidence Weakens Slightly

Germany’s business confidence weakened in September as companies scaled back their expectations amid deteriorating current situation, survey data from the Mannheim-based Ifo institute showed Monday. The business sentiment index fell less-than-expected to 103.7 in September from 103.9 in August. Economists had forecast the score to drop to 103.2 from the originally estimated 103.8 in August.…

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BoJ Minutes: Japanese Economy Continues To See Moderate Expansion

Members of the Bank of Japan’s monetary policy meeting said that Japan’s economic expansion is continuing at an acceptable pace, minutes from the bank’s meeting on July 30 and 31 revealed on Tuesday. At the meeting, the central bank retained its massive monetary stimulus as expected, including the -0.1 percent interest rate on current accounts…

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Pound Advances Against Most Majors

The pound climbed against its most major counterparts in the European session on Monday. The pound rose to 1.3142 against the dollar and 1.2605 against the franc, from its early lows of 1.3063 and 1.2524, respectively. The pound climbed to 148.01 against the yen, from a 6-day low of 146.95 seen at 2:35 am ET.…