• MTS Economic News_20170217

    17 Feb 2017 | Economic News


• The dollar was stuck near a one-week low against a basket of currencies early on Friday, after upbeat U.S. economic data failed to lift Treasury yields. The dollar index against a group of major currencies stood at100.570 after hitting 100.410 .DXY, its lowest since Feb. 9 plumbed overnight when it slid 0.7 percent.

The dollar was little changed at 113.280 yen JPY= after losing 0.8 percent overnight. It had briefly risen to a two-week peak of 114.955 on Wednesday. The euro was a touch lower at $1.0668 EUR= after climbing 0.7 percent the previous day. It was on track to eke out a 0.2 percent gain against the greenback this week.

• U.S. President Donald Trump said on Thursday he will issue a new executive order to replace his controversial directive suspending travel to the United States by citizens of seven mostly Muslim countries.

At a White House news conference on Thursday, Trump said the new order would seek to address concerns raised by federal appeals court judges, who temporarily blocked his original travel ban.

"The new order is going to be very much tailored to what I consider to be a very bad decision," Trump said, adding: "We had a bad court."

• Businesses shut their doors, students skipped class and thousands of demonstrators took to the streets in cities across the United States on Thursday to protest President Donald Trump's immigration policies.

Activists called "A Day Without Immigrants" to highlight the importance of the foreign-born, who account for 13percent of the U.S. population, or more than 40 million naturalized American citizens.

• Oil prices were choppy on Thursday following reports OPEC could extend its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories failed to drop to a targeted level.

Benchmark Brent crude was down 4 cents at $55.71 a barrel by 2:33 p.m. ET (1933 GMT). The contract peaked at $56.24 during the session and bottomed at $55.13. U.S. light crude settled 25 cents, or half a percent, higher at $53.36 a barrel. It traded between $52.68 and $53.59.

Reference: Reuters, CNBC

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