02092016Tue
Last update: Tue, 09 Feb 2016 01am

Americas

Markets - FXMM - Americas

Dollar falls to 15-month low vs yen as markets re-think BoJ rate cut NEW YORK: The dollar fell to a 15-month low against the yen on Monday as a renewed slide in oil prices and doubts about the effectiveness of the Bank of Japan's negative interest-rate policy drove investors back into the safe-haven currency.After gaining overnight, crude oil futures again fell, weighing on investor confidence and sapping risk appetite.The surprising announcement that BoJ was cutting its interest rate to minus 0.1 percent on certain deposits sent the dollar up as much as 2 percent on Jan. 29. But markets have since reconsidered, with investors now buying the yen and selling the dollar.Monday's price action chased the dollar to its lowest against the yen since mid-November 2014."A bit of it is positioning," said Charles St-Arnaud, senior strategist and economist at Nomura Securities International in London."They still believe that negative rates are the right policy for (the BoJ), but the market is starting to question ...

Markets - FXMM - Americas

C$ weakens as oil drops, investors shed risky assets TORONTO: The Canadian dollar lost further ground against its US counterpart on Monday as a sell-off in stocks and a drop in oil prices weighed on the risk-sensitive commodity currency, while Canada's 10-year yield hit a new record low.Investors shed risky assets as worries persisted over the pace of global growth.US crude prices were down 1.52 percent at $30.42 a barrel after a Saudi-Venezuela meeting showed few signs that steps would be taken to boost ...

Markets - FXMM - Americas

C$ rallies to nearly 8-week high, gains pared as oil drops TORONTO: The Canadian dollar rallied to a nearly eight-week high against a weaker US counterpart on Thursday, although gains were pared as crude oil prices reversed lower.The currency has rallied 7 percent since Jan. 20, when it hit its weakest level since 2003 at C$1.4689, helped by expectations that the Bank of Canada will not cut rates in the near term.A more dovish European Central Bank, the recovery in oil prices and stabilization in stocks ...

Markets - FXMM - Americas

Dollar plunges for second day on doubts over '16 Fed rate hikes NEW YORK: The US dollar extended its plunge against major currencies on Thursday as traders sharply unwound bullish bets against the greenback on continued skepticism that the Federal Reserve would be able to hike interest rates this year.The euro hit its highest level in over 3-1/2 months against the dollar of $1.12390, while the dollar hit a two-week low against the yen of 116.730 yen.The dollar index, which measures the greenback against a basket of ...

Markets - FXMM - Americas

Dollar plunges for second day on doubts over 2016 Fed rate hikes NEW YORK: The US dollar extended its plunge against major currencies on Thursday as traders sharply unwound bullish bets against the greenback on continued skepticism that the Federal Reserve would be able to hike interest rates this year.The euro hit its highest level in 15 weeks of $1.12390 against the dollar, while the dollar fell to a two-week low against the yen of 116.655 yen.The dollar index, which measures the greenback against a basket of ...

Markets - FXMM - Americas

Oil jumps 8 percent as dollar tumbles after US data NEW YORK: Oil prices jumped 8 percent higher on Wednesday, snapping a two-day rout, after investors took advantage of a weaker U.S. dollar and shrugged off data showing an unexpected large surge in U.S. crude inventories to record highs.Comments by Russia's foreign minister reiterating the major producer's willingness to meet if there was consensus among the OPEC and non-OPEC members, also reignited hopes of a deal to trim output and helped to boost prices.The dollar ...

Markets - FXMM - Americas

Dollar tumbles as Dudley comments, US data suggest dovish Fed NEW YORK: The dollar hit its lowest level against the euro since last October and wiped out recent gains against the Japanese yen on Wednesday on growing expectations for a slower pace of Federal Reserve rate hikes this year.The euro rose over 2 percent against the dollar to hit $1.11455, its highest level since Oct. 22, while the greenback fell over 2 percent against the yen to a nearly two-week low of 117.055 yen, erasing ...