Currencies News
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The euro strengthened, extending its biggest weekly gain versus the dollar since January, as Group of 20 finance ministers began a two-day meeting to discuss plans to tackle Europe’s debt crisis.
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Chile’s central bank kept its benchmark interest rate unchanged yesterday for the fourth straight month, while indicating it may reduce borrowing costs if the global economy deteriorates further.
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Federal Reserve policy makers are giving commodity prices their due.
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The rand advanced, set for its best weekly gain since July, as prospects the Group of 20 will increase funding to stem Europe’s debt crisis improved investor appetite for South Africa’s higher-yielding stocks and bonds.