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Last update: Tue, 31 May 2016 09pm

Americas

Markets - FXMM - Americas

Brazil's currency firms after government posts primary surplus SAO PAULO: The Brazilian real gained on Monday after the country's government recorded a primary budget surplus in April that exceeded market expectations, easing some concerns about its deficit.Brazil's currency rose 0.9 percent after weakening more than 2 percent last week.After posting a deficit in March, Brazil's central government reported a primary budget surplus of 9.751 billion reais ($2.72 billion) for April thanks to higher tax revenues and a decline in subsidies.Brazil, mired in a deep recession, lost its coveted investment-grade credit rating in 2015 after years of heavy spending and steep tax breaks under now-suspended President Dilma Rousseff's administration.Interim President Michel Temer, who has replaced Rousseff as she faces an impeachment trial, has announced a series of measures aimed at reducing the budget deficit.Most other Latin American stocks and currencies seesawed in thin trading due to market holidays in the United States and Britain. The Chilean peso was down ...

Markets - FXMM - Americas

C$ pares losses against firmer greenback as oil rallies TORONTO: The Canadian dollar dipped against its broadly stronger US counterpart on Monday as investors braced for a potential increase in US interest rates this summer, but some losses were pared as oil turned higher.The greenback strengthened against a basket of major currencies after Federal Reserve Chair Janet Yellen said on Friday that a rate increase in the coming months "would be appropriate" if the economy and labor market continued to improve.The market has been ...

Markets - FXMM - Americas

C$ pares losses against firmer greenback as oil rallies TORONTO: The Canadian dollar dipped against its broadly stronger US counterpart on Monday as investors braced for a potential increase in US interest rates this summer, but some losses were pared as oil turned higher.The greenback strengthened against a basket of major currencies after Federal Reserve Chair Janet Yellen said on Friday that a rate increase in the coming months "would be appropriate" if the economy and labor market continued to improve.The market has been ...

Markets - FXMM - Americas

C$ weakens against firmer greenback as oil dips TORONTO: The Canadian dollar weakened against its broadly stronger US counterpart on Monday as oil dipped and investors braced for a potential increase in US interest rates this summer.The greenback strengthened against a basket of major currencies after Federal Reserve Chair Janet Yellen said on Friday that a rate increase in the coming months "would be appropriate," if the economy and labor market continued to improve.Oil prices dipped as Iraq raised its crude exports target ...

Markets - FXMM - Americas

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards fell on Monday due to dollar demand from importers amid fears the currency could weaken further if the government increases spending following the country's worst natural disaster since 2004, dealers said.Dollar/rupee forwards, known as spot next, were at 147.80/148.00 per dollar, weaker compared with Friday's close of 147.55/60.Spot next, which acts as a proxy for the spot currency, indicates the exchange rate for the day following conventional spot settlement, which ...

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 ...

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 ...