Dollar nears year high after pre-Fed data shock, yen slips [Yahoo! Finance Canada]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance Canada
interest rate decision later in the day, after data on Tuesday showed more signs of inflationary pressure in the U.S. economy. Meanwhile, the yen dipped to its lowest level since suspected intervention by Japanese authorities on Monday, as traders tested the resolve of the Ministry of Finance. The dollar index, which tracks the currency against six major peers, rose 0.066% at 106.370, after earlier nearing the 106.51 mark that would be the highest since Nov. 1. Global markets were somewhat subdued, with traders in many countries off for May Day or International Workers' Day. ADVERTISEMENT The euro was down very slightly to $1.0623, after falling 0.52% the previous day when the U.S. data pushed the dollar higher. Figures released on Tuesday showed that growth in U.S. labour costs accelerated in the first quarter of the year, with the employment cost index (ECI) rising 1.2%, more than the 1% expected by economists. A string of stronger-than-expected data has caused investo
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- Progress on share buyback programmeGlobeNewswire
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