The euro dipped against the dollar on Tuesday, having eased off the previous day's three-week high, with the focus on whether a Franco-German summit will lay the groundwork for further measures to help quell the euro zone's sovereign debt crisis.
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Fear that the U.S. economy is slipping sent stocks reeling Monday, boosted Treasurys and pushed the dollar to another new low against the safe-haven Swiss franc.
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As the U.S.' Aug. 2 deadline looms to reach a deal to raise the debt ceiling, three analysts told CNBC Friday there are still buying opportunities if the market dips on worries over the shaky debt talks.
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Gold edged down on Wednesday ahead of the outcome of a U.S. Federal Reserve meeting, which could squeeze the dollar but worries that the Greek debt crisis could affect other countries could spur buying from investors.**
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Gold ticked up in thin trade on Monday as the euro bounced against the U.S. dollar, but bullion needs to surpass recent peaks to sustain an uptrend fuelled largely by a debt crisis in Europe.
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China's currency, the yuan, is expected to outrank the British pound to become one of the three most favored international trade settlement currencies in the latter half of this year, the Caixin reports.
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