02122016Fri
Last update: Fri, 12 Feb 2016 05pm

Americas

Markets - FXMM - Americas

US dollar slides vs yen on deepening global worries NEW YORK: The US dollar fell to a 15-month low against the yen on Thursday, on track for its worst week against the Japanese currency since 2008, as fears of a global economic slowdown and conerns about stress in the banking system, increased demand for safe-havens.The yen surged against both the U.S. dollar and euro on speculation about Bank of Japan intervention though, but the BOJ had no comment.The U.S. dollar was down 0.85 percent against the yen midmorning in New York, falling to 112.38 yen.The euro rose against the dollar, touching a fresh 3-1/2-month high at $1.1368.A slump in major stockmarkets and a jump in bond prices this week has forced traders out of risky positions, leading to the unwinding of the carry trade and repayment of cheap yen funds.Traders use the yen to fund trades of more risky assets because of its low interest rate. When markets sour ...

Markets - FXMM - Americas

Dollar hits 15-month low against yen after Yellen testimony NEW YORK: The dollar fell to a 15-month low against the yen on Wednesday as investors packed into the safe-haven Japanese currency, backing away from earlier optimism that the Federal Reserve would continue to raise interest rates.Investors perceived dovishness on the part of Federal Reserve Chair Janet Yellen, who testified before the House Financial Services Committee on Wednesday morning."By the end of her testimony, sentiment completely shifted," said Kathy Lien, managing director of BK Asset ...

Markets - FXMM - Americas

Dollar rises after Yellen comments keep rate hikes in play NEW YORK: The dollar rose on Wednesday, climbing from nearly four-month lows against a basket of major currencies, after prepared remarks from Federal Reserve Chair Janet Yellen suggested that the US central bank had not taken a March interest rate increase off the table. The dollar rose to a session high against the euro and pared earlier losses against the Japanese yen following the comments."Ms. Yellen seems to be maintaining her faith in the outlook ...

Markets - FXMM - Americas

C$ dips after Yellen remarks, as oil rebound fades TORONTO: The Canadian dollar dipped against its US counterpart on Wednesday as a rebound in crude oil prices faded and US Federal Reserve Chair Janet Yellen left the door open to further interest rate hikes.Yellen cited global risks in her prepared testimony to Congress, but said she expects moderate growth that will allow the US central bank to pursue "gradual" adjustments to monetary policy.Oil reversed lower after posting its third-biggest daily fall since 2008 on ...

Markets - FXMM - Americas

US dollar falls with oil, equities as markets seek safety NEW YORK: The US dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Swiss franc.Risk appetite has waned as a selloff in major stock markets worldwide, along with a renewed tumble in crude oil prices, and worries about European banks shook confidence in the greenback.The U.S. ...

Markets - FXMM - Americas

C$ rises against weaker greenback, loses ground to safe-haven yen TORONTO: The Canadian dollar firmed against a broadly weaker US counterpart on Tuesday as oil prices stabilized, although it extended losses against safe-haven currencies on equities turmoil overseas.The US dollar fell to its lowest in more than three months against a basket of major currencies as financial turbulence fed doubts about the Fed's ability to raise rates this year. Testimony from US Federal Reserve Chair Janet Yellen is awaited on Wednesday.Losses in Asian stock markets ...

Markets - FXMM - Americas

Dollar hits four-month low as investors flee to safe havens NEW YORK: The dollar tumbled to a nearly four-month low on Tuesday as growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen and Swiss franc.Even with Chinese markets closed for the Lunar New Year holiday and oil flat on the day, risk appetite waned. A selloff in major stock markets worldwide and increased worries about Europe's banking sector also shook confidence in the dollar, which has moved in line ...