Markets - FXMM
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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 bank's target range of 1 to 3 percent. Analysts had expected no change from March to April.The data pushed the Canadian dollar to a session low C$1.0313, or 96.96 US cents, its weakest point since March 8 and well below Thursday's North American session close at C$1.0192, or 98.12 US cents.It recovered some ground later to finish the day at C$1.0291 versus the US dollar, or 97.17 US cents, ending a two-month rally that had taken the currency close to parity, as ...
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. But an improving UK economy could help it rise against ...
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 reserves include India's Reserve Tranche position in the International Monetary Fund (IMF).Copyright Reuters, 2013 
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 rebounded by late morning.Support for the dollar was firm as ...
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 this month.Little support seen before the June trough of ...
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 currencies and particularly those tied to commodity-based economies.The Canadian dollar's slip ...More Articles...
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