12072016Wed
Last update: Wed, 07 Dec 2016 07pm

Markets - FXMM

Markets - FXMM - Asia

Euro up against dollar on Ukraine deal, weak US data TOKYO: The euro ticked up against the dollar Friday on news of a plan to end Ukraine's 10-month war, hopes that Greece will hammer out a debt overhaul with its European creditors and weak US retail sales data.In Tokyo the euro bought $1.1427, up from 1.1406 in New York, while the greenback also was at 118.59 yen from 118.97 yen, and sharply down from 120.27 yen in Tokyo earlier Thursday.The single currency also fetched 135.46 yen compared with 135.70 yen.Investors confidence got a boost Thursday the announcement that Ukraine, Russia, France and Germany had reached a deal to end the conflict between Kiev and pro-Moscow rebels.While all sides remain cautious, the breakthrough lifts a shadow that has loomed over markets for almost a year and has hammered the Russian and Ukrainian economies.Investors are now monitoring movements in Brussels, where Greece's new Prime Minister Alexis Tsipras is trying to convince other ...


Markets - FXMM - Americas

C$ gets lift from crude price jump, weak greenback TORONTO: The Canadian dollar powered higher against a globally weaker greenback on Thursday as crude prices rose and weak US retail sales data raised questions about the timing of the Federal Reserve's next interest rate move.Prices for oil, a major Canadian export, bounced as industry spending cuts and a weaker greenback offset jitters about record supply levels.The US dollar, which had already weakened broadly following a media report that the Bank of Japan saw further ...

Markets - FXMM - Americas

Dollar slides on soft US data; euro gets relief NEW YORK: The dollar dropped across the board on Thursday after weaker-than-expected US economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve some time this year. The dollar index, a gauge of its value against six major currencies, fell after two straight days of gains. For the month of February, the dollar index was down 0.5 percent, on track for its first ...

Markets - FXMM - Americas

Venezuela unveils plan for free-market forex CARACAS: Recession-hit Venezuela unveiled details Thursday on its plan to partially liberalize its exchange rate by allowing banks and brokerage houses to sell dollars, saying individuals could buy up to $10,000 a year.The regulations that will govern the overhauled three-tier exchange rate system were published in the official government gazette, after Finance Minister Rodolfo Marco Torres announced on Tuesday that Venezuela would ease strict currency controls first put in place by late socialist president Hugo ...

Markets - FXMM - Americas

Dollar slides on soft US data; euro gets relief NEW YORK: The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve some time this year.The dollar index, a gauge of its value against six major currencies, fell after two straight days of gains. For the month of February, the dollar index was down 0.5 percent, on track for its first monthly ...

Markets - FXMM - Europe

Sterling hits seven-year high vs euro on upbeat BoE report LONDON: Sterling climbed to a seven-year high against the euro and a six-year peak on a trade-weighted basis on Thursday, after the Bank of England said inflation would return to its 2 percent target, keeping alive chances it will raise rates early in 2016.Investors are factoring in chances the first increase will come in 12 to 15 months time, based on the sterling overnight interbank average rates. They had pushed back those expectations to about ...

Markets - FXMM - Europe

Sterling gains on BoE report; Riksbank sends Swedish crown to 6-year low LONDON: Sterling jumped after the Bank of England's Inflation Report on Thursday, while Sweden's surprise decision to launch stimulus and cut interest rates below zero sent the crown to a six-year low against the dollar.The Bank of England brought forward its forecasts for when inflation would reach its target of 2 percent, saying it expects stronger growth on the back of lower oil prices, and predicted that UK wages would rise at a faster pace.It ...