05292016Sun
Last update: Sun, 29 May 2016 02pm

Markets - FXMM

Markets - FXMM - Americas

C$ weakens as oil dips, Yellen bolsters US rate hike bets TORONTO: The Canadian dollar weakened against its broadly firmer US counterpart on Friday as oil prices fell and after a speech by Federal Reserve Chair Janet Yellen bolstered the case for a US interest rate hike this summer.The US dollar strengthened against a basket of major currencies after Yellen said the Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated.The loonie was caught up in a "broad wave of US dollar buying," said Adam Button, currency analyst at ForexLive.It may weaken further if there is follow-through buying of US dollars when investors return after a long weekend in the United States, he added.Oil fell for a second day in a row as some investors took profit on a surge to seven-month highs. US crude oil futures settled 15 cents lower at $49.33 a barrel.Speculators only modestly ...


Markets - FXMM - Americas

Dollar gains before Yellen speech NEW YORK: The dollar index rose on Friday, on track for its strongest monthly performance since last November, before US Federal Reserve Chair Janet Yellen is due to speak and as investors anticipate rate increases in coming months. Investors are focused on Yellen's speech for any new signals that the US central bank is close to raising interest rates, after numerous Fed officials in recent weeks have talked up expectations that an increase may be ...

Markets - FXMM - Europe

Zloty boosted by US GDP data; Richter lifts Budapest shares BUDAPEST: The Polish zloty gained half a percent in thin holiday trading on Friday, while shares in Hungarian drug maker Richter gained as much as 4 percent after crossing a key price level.At 1312 GMT, the zloty was up half a percent, followed by the Serbian dinar and the Hungarian forint, which added 0.2 and 0.1 percent, respectively. Other central European currencies were little changed.One analyst in Warsaw said weak US economic growth data bolstered ...

Markets - FXMM - Americas

Latam currencies slip ahead of Yellen speech SAO PAULO: Most Latin American currencies slipped on Friday as traders awaited possible hints about the timing of a US interest rate increase from Federal Reserve Chair Janet Yellen.She is due to speak at an event hosted by Harvard University at 17:15 GMT (1:15 p.m. ET).Several Fed policymakers have stressed recently that market expectations for the pace of rate hikes this year could be too pessimistic."Yellen may corroborate the hawkish tone adopted by Fed policymakers ...

Markets - FXMM - Middle East & Africa

South Africa's rand slips on downgrade fears; Bidvest lifts stocks JOHANNESBURG: South Africa's rand weakened against the dollar on Friday as credit ratings downgrade fears weighed on sentiment, coupled with subdued risk appetite globally as investors prepared for a likely hike in US interest rates. Stocks inched up supported by a rise in shares of conglomerate Bidvest Group ahead of its unbundling of it's food services business, Bidcorp, on the bourse. At 1605 GMT, the rand traded at 15.6500 per dollar, 0.84 percent weaker from ...

Markets - FXMM - Americas

Dollar highest in two months as Yellen sees rate hike possible NEW YORK: The US dollar index hit two-month highs on Friday after Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months. In remarks in Boston, Yellen said a rate increase in the coming months "would be appropriate," if the economy and labor market continue to improve. "She didn't say no, the market took that as a positive sign for the dollar," said Boris Schlossberg, managing director ...

Markets - FXMM - Americas

Argentina's peso firms to 4-month high as farmers seek pesos BUENOS AIRES: Argentina's peso climbed to a four-month high on Friday as farmers sought to exchange dollars received from the sale of their soy harvest for pesos, despite efforts by the central bank to limit the currency's climb. The peso closed at 13.91 per dollar, up 0.65 percent over Thursday's close and strenthening 0.86 percent this week. Center-right President Mauricio Macri allowed the peso to float after taking office in December, spurring a slide in ...