* China stocks edge higher, yuan declines. * China's factory activity grows in May - survey. * Turkey's lira steadies from record lows. * South African rand hits record low. By Siddarth S and Amruta Khandekar.
The dollar rose on Thursday after a vote of approval from the U.S. House to suspend the debt ceiling, though the greenback drifted from a two-month high as investors trimmed bets the Federal Reserve will raise interest rates this month. The euro fell ahead of euro zone inflation data due at 0900 GMT, which is expected to show price pressure in the block has eased.
Credit Suisse has repaid the liquidity it borrowed from a 100 billion Swiss franc lifeline backed by government guarantees, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Wednesday. "The federal guarantees, the 100 billion, have been repaid as of yesterday," Keller-Sutter told Swiss broadcaster SRF.
The Russian rouble steadied near 81 against the dollar on Thursday, not far from a five-week low, under pressure from lower oil prices and geopolitics, while dynamics in the supply of foreign currency were mixed. At 0744 GMT, the rouble was 0.1% weaker against the dollar at 81.17 and was unchanged at 86.55 versus the euro.
STOCKS: The benchmark BSE Sensex rose 25.46 points, or 0.04%, to 62,647.7, while the broader NSE index gained 11.7 points, or 0.06%, to 18,546.1 as stronger-than-expected domestic growth data boosted sentiment. RUPEE: The Indian rupee strengthened 0.27% versus the U.S. dollar, and quoted at 82.51 per dollar as better than expected GDP data drove traders to cut their long USD/INR positions.
The Indian rupee rose to a two-week high on Thursday as traders holding long positions on the dollar exited after domestic economic data surprised on the upside. The rupee was at 82.4425 against the U.S. dollar by 10:22 a.m. IST, compared to 82.7225 on Wednesday.
The dollar rose on Thursday after a vote of approval from the U.S. House to suspend the debt ceiling, though the greenback drifted from a two-month high as investors trimmed bets the Federal Reserve will raise interest rates this month. The euro fell ahead of euro zone inflation data due at 0900 GMT, which is expected to show price pressure in the block has eased.
The dollar retreated from a two-week top against its major peers on Thursday as investors trimmed bets that the Federal Reserve will raise interest rates this month, though the looming debt ceiling deadline gave safe haven support to the greenback.
Latin American currencies fell
against a firm dollar on Wednesday, with the Brazilian real
spearheading the decline on mounting bets of rate cuts, while
Chile's peso fell due to a drop in copper ...
The U.S. dollar retreated
from a more than two-month high on Wednesday after a Federal
Reserve official warned any decision by the central bank to hold
its benchmark overnight interest rate firm at ...
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