Dollar fluctuates on speculation over less stimulus in U.K.

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Source: Reuters
The U.S. Dollar swung between gains and losses on Thursday trading near the lowest level in five years versus its U.K. counterpart amid rising speculation that the Bank of England may tighten its monetary policy measures before the U.S. Fed. The so-called Greenback was last seen at $1.6959 against the Pound, while it added to 101.77 yen.

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Thu, 08 May 2014 08:26:33 GMT

Euro trades below two-month peak before ECB meeting

The European currency fluctuated on Thursday as it traded close to the highest level in two months against the U.S. Dollar before the European Central Bank officials decide whether to maintain interest rates unchanged later today. The Euro strengthened slightly by 0.1% to $1.3917 following an advance towards the strongest level in two months on Tuesday at $1.3952.

Thu, 08 May 2014 08:37:03 GMT

Chinese stocks gain on trade data

China's shares advanced on Thursday trading session after a government report showed that the nation's trade balance came in a surplus as exports and imports returned to positive figures in April showing signs of an improvement and as investors bet on further stimulus by the central bank. The CSI 300 Index rose as much as 0.8% on the session.

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