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Vaccine hopes boost euro, dollar on back foot as yields off highs

* Euro propped up by vaccination catch-up hopes * Dollar loses traction as U.S. bond yields subdued * Euro, yen at highest level vs dollar since early March * Graphic: World FX rates Link By Hideyuki Sano TOKYO, April 20 (Reuters) - The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brighte
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China leaves lending benchmark rate steady for 12th straight month

SHANGHAI, April 20 (Reuters) - China kept its benchmark lending rate for corporate and household loans steady for the 12th straight month at its April fixing on Tuesday, matching market expectations. The one-year loan prime rate (LPR) CNYLPR1Y=CFXS was kept at 3.85%. The five-year LPR CNYLPR5Y=CFXS remained at 4.65%. Twenty-seven traders and analys

Vaccine hopes boost euro, dollar on back foot as yields off highs

* Euro propped up by vaccination catch-up hopes * Dollar loses traction as U.S. bond yields subdued * Euro, yen at highest level vs dollar since early March * Graphic: World FX rates Link By Hideyuki Sano TOKYO, April 20 (Reuters) - The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brighte
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Gold eases off seven-week high as U.S. bond yields rise

April 20 (Reuters) - Gold prices edged lower on Tuesday, moving away from a seven-week high hit in the last session, as a rebound in U.S. Treasury yields overshadowed support from a sagging dollar. FUNDAMENTALS * Spot gold XAU= was down 0.1% to $1,768.06 per ounce by 0053 GMT, after hitting its highest since Feb. 25 at $1,789.77 on Monday. * U.S. g
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Australia shares slip from 14-month high as banking and tech stocks weigh

April 20 (Reuters) - Australian shares slipped from 14-month highs on Tuesday, tracking losses on Wall Street, with technology and financial stocks weighing the most on the local benchmark. The S&P/ASX 200 index .AXJO fell 0.5% to 7,030.10 by 0030 GMT, down after rising for five straight sessions to hit its highest level since Feb. 24, 2020 on
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British Business - April 20

April 20 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The Bank of England and the Treasury have announced that they are setting up a taskforce to explore the possibility of a central bank digital currency. Rishi Su
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Tokyo's Nikkei share average opens down 1.11 pct

TOKYO, April 20 (Reuters) - Japan's benchmark Nikkei average .N225 opened down 1.11 percent at 29,355.87 on Tuesday, while the broader Topix .TOPX shed 0.80 percent at 1,940.92.
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Brazil's Vale Q1 output up vs year ago; issues at Itabira, S11D weigh

By Gram Slattery and Roberto Samora RIO DE JANEIRO, April 19 (Reuters) - Iron ore production at Brazil's Vale SA VALE3.SA fell sharply in the first quarter on a sequential basis, but rose compared to the same period a year ago, buoyed by the ramp-up of multiple key mine complexes. In a Monday securities filing, the company reported quarterly pr
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British lawmakers check on how banks are treating small businesses during pandemic

By Huw Jones LONDON, April 20 (Reuters) - Britain's top banks may face action to make it easier for small businesses to open a bank account, British lawmakers said on Tuesday, after companies complained about lenders as they struggle during the COVID-19 pandemic. Mel Stride, the chair of parliament's Treasury Select Committee, said he has w
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Australia shares set to open lower, NZ slips

April 20 (Reuters) - Australian shares are expected to open in the red on Tuesday, slipping from their 14-month high, tracking Wall Street and global peers lower while awaiting direction from corporate earnings. The local share price index futures YAPcm1 fell 0.45%, a 47.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benc
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C$ dips, bond yields climb as Ottawa adds to deficit spending

* Canadian dollar weakens 0.2% against the greenback * Loonie touches its strongest level since March 19 at 1.2471 * Canada forecasts a budget deficit of C$154.7 billion in 2021-22 * Canada's 30-year yield touches a one-month high at 2.071% By Fergal Smith TORONTO, April 19 (Reuters) - The Canadian dollar weakened on Monday against its U.S. cou
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Brazil's Vale Q1 iron ore output gains vs year-ago to 68 mln tonnes

RIO DE JANEIRO, April 19 (Reuters) - Iron ore production at Brazil's Vale SA VALE3.SA rose sharply in the first quarter from a year ago, buoyed by the ramp-up of multiple key mine complexes, but fell on a sequential basis. In a Monday securities filing, the company reported quarterly production of 68.045 million tonnes, up 14.2% from the first
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BOJ to mull slashing this year's inflation forecast -Nikkei

TOKYO, April 20 (Reuters) - The Bank of Japan will consider slashing this fiscal year's inflation forecast in quarterly forecasts due out at its policy meeting on April 26-27, the Nikkei newspaper reported on Tuesday. The downgrade will reflect the impact of cuts in cellphone charge fees, which analysts say could push down core consumer inflati

World shares dip after hitting record highs; U.S. yields rebound

* Reuters Live Markets blog: (Updates to U.S. market close) By Rodrigo Campos NEW YORK, April 19 (Reuters) - An index of stocks across the world on Monday posted its largest daily drop in almost four weeks after touching a record high as investors looked for earnings to justify the high valuations in equities. The U.S. dollar index touched a more t
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Wall Street slips off record highs, Tesla drops after fatal crash

* Tesla falls after fatal crash, bitcoin slumps * GameStop shares jump as CEO exits * Coca-Cola rises as revenue beats estimates By Herbert Lash NEW YORK, April 19 (Reuters) - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while T
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Canada 2021 budget in numbers

April 19 (Reuters) - Canadian Finance Minister Chrystia Freeland unveiled the country's first budget in two years on Monday with a big focus on spending to pull the economy out of the pandemic slump. Highlights from the 2021 budget. STORIES: LINK: Link * Proposes C$101.4 billion ($81.1 billion) investments over three years to help boost the eco

Peru's sol sinks as socialist presidency looks likely; Petrobras rallies

* Citi downgrades Peru to "market weight" * Window for a recovery Colombian peso fading - JPM * New Petrobras CEO seeks to maintain previous pricing policy * Braskem jumps on M&A speculation * EM assets set for lift after choppy start to 2021 - Blackrock (Updates prices) By Susan Mathew April 19 (Reuters) - Peru's sol posted its wor
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Canada rolls out post-pandemic spending plan ahead of likely election

By Julie Gordon OTTAWA, April 19 (Reuters) - Canadian Prime Minister Justin Trudeau's government on Monday lined up billions in new spending to provide emergency support during a virulent third wave of COVID-19 and to help launch an economic recovery ahead of an election expected later this year. The budget, the Liberal government's first i

Canada sets new 2030 carbon reduction target, to issue first green bond

By Steve Scherer OTTAWA, April 19 (Reuters) - Canada said on Monday it plans to cut carbon emissions more aggressively and issue its first green bonds, part of a global push for more action on climate change. Ottawa's budget for the fiscal year ending next March sets a new target to cut emissions by 2030 to 36% below 2005 levels, more ambitious

Wall Street slips off record highs, Tesla drops after fatal crash

* Tesla falls after fatal crash, bitcoin slumps * GameStop shares jump as CEO exits * Coca-Cola rises as revenue beats estimates (Updates to close) By Herbert Lash NEW YORK, April 19 (Reuters) - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high
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Dollar slumps to 6-week low with all eyes on interest rate moves

* Dollar slumps to 6-week low * British pound nearly reaches $1.40 * Markets look to Wednesday for interest rate clues * MSCI EM FX index hits 1-month high * Bitcoin stabilizes near $55,750 after weekend plunge * Graphic: World FX rates Link By David Henry NEW YORK, April 19 (Reuters) - The dollar slumped to a six-week low against other major curre
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