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...
Sterling falls versus dollar on talk of Fed reducing stimulus
2013-05-17 14:26:46 GMT : (Markets - FXMM/Europe)
LONDON: Sterling fell to a six-week low against a broadly firmer dollar on Friday on growing expectations the US Federal Reserve could soon start to scale back monetary stimulus after recent comments from Fed officials.Analysts expected the pound to stay weak against the dollar, especially given concerns incoming Bank of England head Mark Carney could ease policy when he takes up the post in July....
Indian forex reserves fall to $293.69bn
2013-05-17 12:16:39 GMT : (Markets - FXMM/Asia)
MUMBAI: India's foreign exchange reserves fell to $293.69 billion as of May 10, from $294.31 billion in the previous week, the central bank said on Friday.Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, the Reserve Bank of India said in its weekly statistical supplement.Foreign exchange ...
Dollar gains slightly in Asia
2013-05-17 04:07:20 GMT : (Markets - FXMM/Asia)
TOKYO: The dollar gained slightly in Asia on Friday as investors cautiously adjusted their positions following the unit's recent surge.The US currency was at 102.27 yen in early Asian trade against 102.22 yen in New York late Thursday.The euro bought $1.2868 and 131.57 yen against $1.2886 and 131.72 yen in US trade.In early Tokyo trade, the dollar briefly fell near the 102-yen mark but had reb...
A$, NZ$ knocked by hint of end to Fed's easy policy
2013-05-16 23:12:52 GMT : (Markets - FXMM/Australia)
SYDNEY/WELLINGTON: The Australian and New Zealand dollars were near multi-month lows on Friday after being battered by the clearest hint yet that the US Federal Reserve's loose money policies could start coming to an end late in the year.The Australian dollar lower at $0.9820 from $0.9900 late on Thursday, having touched a fresh 11-month low of $0.9796. It has fallen more than 5 percent so far...
Dollar struggles against euro and yen on weak data
2013-05-16 22:08:47 GMT : (Markets - FXMM/Americas)
NEW YORK: The US dollar dropped against the euro and Japanese yen on Thursday as a deluge of data highlighted vulnerabilities in the US economy and curbed expectations the Federal Reserve will scale back its bond-buying program any time soon.The dollar snapped a five-day advance against the euro after data showed the number of Americans filing new claims for unemployment benefits climbed last week...
C$ 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...
Dollar rises on prospect of Fed tightening
2013-05-16 14:51:40 GMT : (Markets - FXMM/Europe)
LONDON: The dollar was near a six-week high against the euro and a 4-1/2 year peak against the yen on Thursday on expectations of scaled back asset buying in the United States and more monetary easing in the euro zone.Falling prices in Germany and France highlighted the risk of deflation in the euro zone as the region slips into recession, whcih could increase the risk of more European Central Ban...
Union to strike at S.Africa's Amplats, rand hits 4-year low
2013-05-16 14:37:30 GMT : (Markets - FXMM/Middle East & Africa)
JOHANNESBURG: Miners at South Africa's Anglo American Platinum will strike from Thursday evening over proposed job cuts, a union official said, driving its shares lower and sending the rand to a four-year low."The night shift today is not going underground, and also the day shift tomorrow is not going to work," said the branch official of the AMCU union, who did not want to be identified. He c...
Turkish lira eases ahead of central bank rate decision
2013-05-16 09:45:05 GMT : (Markets - FXMM/Europe)
ISTANBUL: The Turkish lira extended losses on Thursday before a monetary policy committee meeting when the central bank was expected to cut its key interest rates.A Reuters poll forecast the bank would lower its benchmark policy rate, overnight borrowing and lending rates by 50 basis points to guard against future lira appreciation and to boost economic growth.A decision is due at 1200 GMT."After ...
Yuan ends down for second day, but capital inflows imply near-term strength
2013-05-16 09:43:54 GMT : (Markets - FXMM/Asia)
SHANGHAI: China's yuan closed slightly lower on Thursday for the second day on the back of an overnight rally in the dollar in global markets.But the yuan is likely to retain its recent strength as central bank data showed capital continued to flow into the country on a large scale.Traders said the inflows have produced an abundance of dollars in the market that nobody appears to want.Spot yua...
Swiss franc down vs dollar pressured by weak Europe
2013-05-16 08:55:04 GMT : (Markets - FXMM/Europe)
ZURICH: The Swiss franc fell against the dollar and the euro on Thursday as dour economic data in the euro zone dampened sentiment for the single-currency.The franc fell to a four-month low past 1.25 against the euro on Wednesday hurt by recent benign Swiss inflation and waning safe-haven inflows before later paring losses.On Thursday, it slipped 0.2 percent against the single currency compared to...
Dollar rises on prospect of Fed tightening and ECB easing
2013-05-16 08:45:20 GMT : (Markets - FXMM/Europe)
LONDON: The dollar was near a six-week high against the euro and a 4-1/2 year peak against the yen on Thursday on prospects for more monetary easing in the euro zone and scaled back asset buying in the United States.Final euro zone inflation data for April due at 0900 GMT is expected to be weak, reinforcing expectations the European Central Bank could cut interest rates, with the potential for it ...
Dollar slips against yen in Asia after rally
2013-05-16 04:56:35 GMT : (Markets - FXMM/Asia)
TOKYO: The dollar slipped against the yen in Asia on Thursday as investors locked in profits on the greenback's recent surge, while the euro was weak on gloomy European growth data.The currency market's reaction to upbeat Japan economic growth data was muted despite figures showing the world's third-largest economy expanded 0.9 percent between January and March from the previous three ...
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...
A$ struggles on soft commodities, kiwi waits budget
2013-05-15 22:45:02 GMT : (Markets - FXMM/Australia)
SYDNEY/WELLINGTON: The Australian dollar was labouring against a firmer US dollar on Thursday as soft commodity prices weighed, while the New Zealand dollar bounced off two-month lows ahead of the annual government budget.NZ annual budget due at 0200GMT with expectations the government will lift its forecast of economic growth and budget surpluses from 2014/15.The Aussie struggling at $0.9896, hav...
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...
Dollar holds firm in Asian trade
2013-05-15 04:50:42 GMT : (Markets - FXMM/Asia)
TOKYO: The dollar held firm versus the yen in Asian morning trade Wednesday, clinging to recent gains after upbeat US data with analysts saying the greenback could climb higher.On Tuesday, the dollar jumped amid gains in US equity markets and more signs of a US economic recovery, rising as high as 102.40 yen to mark its highest level against the Japanese unit since October 2008.In Tokyo trade Wedn...