Dollar, euro slump vs yen on stock losses, China data
2013-05-23 22:40:23 GMT : (Markets - FXMM/Americas)
NEW YORK: The dollar was on track for its biggest daily drop in more than five weeks against the yen on Thursday after a sharp slide in Japanese stocks and weak Chinese factory activity data prompted a rush for the safe-haven Japanese currency.The yen also rallied versus the euro and other currencies, further buoyed by a jump in 10-year Japanese government bonds yields, to 1.000 percent, the highe...
C$ swings higher after Wednesday's sharp drop
2013-05-23 22:34:34 GMT : (Markets - FXMM/Americas)
TORONTO: The Canadian dollar won some respite from its recent decline against its US counterpart on Thursday, a day after it sank to an almost 12-month low, as the market brushed off weak Chinese economic data and the possibility of a reduction in US stimulus.While major North American equity markets closed lower, most of them finished the day off their session lows as investors saw the early fall...
Yen rallies against dollar, euro after China data
2013-05-23 15:10:23 GMT : (Markets - FXMM/Americas)
NEW YORK: The yen advanced sharply against the dollar and the euro on Thursday after a slide in stocks sparked by a drop in Chinese factory activity prompted a rush for the safe-haven Japanese currency.China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled ...
C$ wins back minor gains as FX gyrates
2013-05-23 14:24:04 GMT : (Markets - FXMM/Americas)
TORONTO: The Canadian dollar won back some slight gains against its US counterpart early on Thursday after sinking to an almost 12-month low a day earlier, as volatility reigned in currency markets.The Japanese yen rallied sharply against the US dollar and the euro after a shock drop in Chinese factory data hurt stock markets, while the Canadian went along for the ride."The Canadian dollar is caug...
US dollar climbs to multi-year highs after Bernanke
2013-05-22 22:48:54 GMT : (Markets - FXMM/Americas)
NEW YORK: The dollar rose to a 4-1/2-year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the US central bank could slow its asset buying in coming months.Bernanke, in testimony to Congress, said the Fed's massive bond-buying program would remain in place for now. But he added if economic impr...
C$ dives to 12-month low as Fed tapering seen on track
2013-05-22 22:40:42 GMT : (Markets - FXMM/Americas)
TORONTO: The Canadian dollar lost more than a cent against its US counterpart on Wednesday, hurt by a double whammy of soft domestic retail sales data and US Federal Reserve hints that it might reduce its economic stimulus program soon.The plunge left the loonie, as Canada's currency is colloquially known, at its weakest level against the greenback since early June of last year.Traders saw lit...
Dollar dips vs euro before Bernanke testimony; yen weakens
2013-05-21 21:53:45 GMT : (Markets - FXMM/Americas)
NEW YORK: The US dollar fell against the euro on Tuesday after comments from Federal Reserve officials dented expectations the US central bank may taper its bond purchases anytime soon.But the dollar rose against the yen, a day before the Bank of Japan concludes a two-day policy meeting. Traders widely expect the yen to fall further on expectations Japan will continue its aggressive monetary easin...
C$ softer as focus turns to Bernanke testimony
2013-05-21 21:49:29 GMT : (Markets - FXMM/Americas)
TORONTO: The Canadian dollar softened against its US counterpart on Tuesday but was off its session low after comments by US Federal Reserve officials trimmed expectations that the US central bank might rein in its ultra-easy monetary policy.Two senior Fed officials played down the chances that the central bank would signal a readiness to curtail its bond buying program at its meeting next month, ...
US dollar retreats broadly on caution before Bernanke
2013-05-20 23:10:21 GMT : (Markets - FXMM/Americas)
NEW YORK: The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering US bond purchases this week.Market focus is shifting to Bernanke's testimony to Congress on Wednesday after recent comments by Fed officials have fueled speculation the US central bank may trim its bond purchases sooner than expected.The y...
Euro rebounds; yen gains on minister's comments
2013-05-20 22:05:13 GMT : (Markets - FXMM/Americas)
NEW YORK: The euro rebounded against the dollar Monday after sharp losses last week, while the yen also pushed higher after Japan's economy minister said it may have fallen far enough.At 2100 GMT, the euro was at $1.2884 compared to $1.2834 late Friday.The dollar fell to 102.26 yen from 103.19, while the euro moved to 131.76 yen from 132.44.The dollar mostly traded in a narrow range in the abs...
C$ ends near 2-month low on weak inflation data
2013-05-17 22:58:18 GMT : (Markets - FXMM/Americas)
TORONTO: The Canadian dollar closed weaker against its US counterpart on Friday after touching its softest level in more than two months on inflation data that was both far below expectations and well off the Bank of Canada's target range.Annual inflation fell in April to 0.4 percent from 1.0 percent in March, its lowest level since the 0.1 percent hit in October 2009 and far below the central...
Dollar struggles against euro and yen on weak data
2013-05-16 22:08:47 GMT : (Markets - FXMM/Americas)
NEW YORK: The US dollar dropped against the euro and Japanese yen on Thursday as a deluge of data highlighted vulnerabilities in the US economy and curbed expectations the Federal Reserve will scale back its bond-buying program any time soon.The dollar snapped a five-day advance against the euro after data showed the number of Americans filing new claims for unemployment benefits climbed last week...
C$ slips vs US$ after Fed's hint at end to easing
2013-05-16 21:57:31 GMT : (Markets - FXMM/Americas)
TORONTO: The Canadian dollar lost steam against its US counterpart on Thursday after a top Federal Reserve official said a good outlook on jobs meant the US central bank might scale back on its monetary easing as early as this summer.The comments provoked a strong reaction in currency and bond markets, with 10-year US Treasuries bouncing higher and the greenback gaining against most major currenci...
Dollar recovers vs the euro and yen after Williams speaks
2013-05-16 20:37:26 GMT : (Markets - FXMM/Americas)
NEW YORK: The US dollar recovered to trade higher against the euro and yen late Thursday afternoon in a volatile session that saw the US currency swing between gains and losses.The move higher came after John Williams, president of the Federal Reserve Bank of San Francisco, said the US Federal Reserve could begin easing up on the monetary gas pedal this summer and end its bond buys late this year0...
Mexico, Brazil currencies dip on global growth slump
2013-05-15 22:47:33 GMT : (Markets - FXMM/Americas)
MEXICO CITY: Latin American currencies lost steam on Wednesday as disappointing economic data out of Europe and the United States dulled investor enthusiasm for higher-risk assets.The Brazilian real and the Mexican peso both edged lower as data showed the euro zone economy contracted for a sixth straight quarter while France slid into recession.In the United States, where signs of recovery have fu...
Euro sinks on poor eurozone growth data
2013-05-15 21:59:43 GMT : (Markets - FXMM/Americas)
NEW YORK: A fresh report showing the eurozone still mired ina pause in its downward slide.The euro was flat in early Asian trade but slid immediately after EU data agency Eurostat reported the eurozone economy shrank 0.2 percent in the January-March quarter, the sixth consecutive quarterly contraction.At 2100 GMT, the euro bought $1.2884, down from 1.2924 late Tuesday. The common currency pulled o...
Euro slips to six-week low on weak euro zone GDP
2013-05-15 20:26:22 GMT : (Markets - FXMM/Americas)
NEW YORK: The euro declined to its lowest level against the dollar in six weeks on Wednesday as data showing an unexpectedly large contraction of the euro zone economy raised expectations for more monetary easing by the European Central Bank.The dollar again rose to a 4-1/2-year high against the yen as investors debated the outlook and policies affecting the US economy against those affecting Japa...
C$ weakens after softer-than-expected jobs data
2013-05-10 16:40:29 GMT : (Markets - FXMM/Americas)
TORONTO: The Canadian dollar weakened to its lowest level in a week against the US dollar on Friday after Canadian employment data came in slightly softer than expected, erasing a week of strong gains by the currency.The Canadian dollar fell to C$1.0125, or 98.77 US cents, well off its Thursday North American session close at C$1.0075, or 99.26 US cents, and its lowest level since May 3, after dat...
Yen plunges to 4-1/2-year low vs resurgent dollar
2013-05-10 14:41:02 GMT : (Markets - FXMM/Americas)
NEW YORK: The yen tumbled to its lowest in more than four years against the dollar on Friday on data showing Japanese investors were buying more foreign assets, while the greenback rallied broadly as US data sparked talk the Federal Reserve may scale back monetary easing.With the Japanese currency breaching the 100-level, analysts expect the yen to fall further. Some have called for the dollar to ...
C$ slightly weaker on thin volume; softens after Ivey
2013-05-06 16:52:59 GMT : (Markets - FXMM/Americas)
TORONTO: The Canadian dollar was marginally weaker against its US counterpart on Monday as the US dollar held firm following Friday's better-than-forecast US employment data, though volumes were thin due to holidays in Britain and Japan.The Canadian currency weakened slightly following the release of Ivey Purchasing Managers Index data that showed the pace of business purchasing slowed more se...