Markets - FXMM
25
TORONTO: The Canadian dollar ended weaker against its US counterpart on Thursday after briefly touching its strongest level in more than two months, with traders looking to Friday's key domestic jobs report to set direction for the currency.The Canadian currency took its direction from weaker prices for some commodities and a pullback in global stock markets, which slipped from recent record levels."We don't have much in the way of domestic drivers today. The equity markets began to lose a bit of their steam, that was the primary factor," said Mark Chandler, head of Canadian fixed income and currency strategy at RBC Capital."We've come a long way really, and we have a pretty important release tomorrow."The Canadian dollar ended the North American session at C$1.0075, or 99.26 US cents, nearly half a cent weaker than Wednesday's close of C$1.0033, or 99.67 US cents.The currency earlier in the session hit C$1.0014 to ...
NEW YORK: The US dollar topped 100 yen for the first time in more than four years on Thursday as Tokyo's aggressive stimulus efforts to reflate the Japanese economy continue to depress its currency.The dollar at 1410 GMT was trading at 100.67 yen, up from 99.01 late Wednesday and below 78 yen in late September 2012. The dollar last traded above 100 yen in April 2009. The sharp increase in the dollar versus the yen ...
LONDON: Sterling struggled to make significant gains against the dollar and the euro on Thursday with investors refraining from betting on further pound strength barring more evidence of the British economy recovering.The Band of England's Monetary Policy Committee was expected to keep interest rates unchanged at historic lows with no changes planned to its asset-buying programme when its decision is announced at 1100 GMT.Industrial and manufacturing output figures for March, due at 0830 GMT, will ...
SYDNEY/WELLINGTON: The Australian and New Zealand dollars bounced on Thursday following stellar labour reports in both countries, prompting markets to pare back the risk of a June rate cut in Australia while reinforcing the outlook for steady to higher NZ rates.The Australian dollar gained 0.6 percent on the day to $1.0240. Its recovery from a two-month low of $1.0155 hit twice this week caught many speculators short and forced them to buy back the Aussie.The ...
TOKYO: The yen was trading firmer against the dollar in Asia on Thursday with few fresh market leads ahead of the Group of Seven meeting of finance chiefs starting Friday.In morning Tokyo trade, the euro fetched $1.3157 and 130.12 yen against $1.3156 and 130.35 yen in US trade on Wednesday, when the single European currency gained ground after a surprisingly strong report on German industrial output in March.The dollar eased to 98.86 yen from 99.01 ...
TORONTO: The Canadian dollar strengthened against its US counterpart for a fourth straight session on Wednesday, testing but failing to push past equal value with the greenback ahead of Friday's domestic employment report.The currency received a boost as prices for most commodities rose on strong Chinese trade data and on signs that Germany may escape a sharp slowdown."You can't help but be impressed by the strength in the Canadian dollar," said Adam Button, a currency ...
LONDON: The rose against the dollar on Wednesday after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.However, analysts were wary about how much the euro could rise given that other recent data from Europe's largest economy has been much gloomier.The euro rose 0.5 percent to a session high of $1.3148 after industrial output rose 1.2 percent during March, against forecasts for a 0.1 percent ...More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
