08302016Tue
Last update: Tue, 30 Aug 2016 03pm

Americas

Markets - FXMM - Americas

C$ weakens to 2-week low as oil falls TORONTO: The Canadian dollar weakened to a two-week low against its US counterpart on Monday as oil fell, and the greenback drew support from heightened expectations of a US interest rate hike as soon as September.The odds of a Federal Reserve rate increase in September have climbed to 30 percent, up from 18 percent before senior Fed officials spoke on Friday, according to CME Group's FedWatch tool.Speaking in Jackson Hole, Wyoming, on Friday, Fed Chair Janet Yellen said the case for raising US interest rates has strengthened in recent months. Fed Vice Chair Stanley Fischer later reinforced that message.Oil prices fell, pressured by high output from Middle East OPEC members and as a stronger US dollar weighed on commodities. US crude oil futures were down 74 cents at $47.64 a barrel.Oil is one of Canada's major exports.At 9:12 a.m. EDT (1312 GMT), the Canadian dollar was trading at C$1.3023 to ...

Markets - FXMM - Americas

C$ strengthens against weaker greenback before Yellen speech TORONTO: The Canadian dollar strengthened against its US counterpart on Friday as the greenback edged lower ahead of a speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for US interest rates.Losses for the US dollar against a basket of major currencies came as data showed US economic growth was a bit more sluggish than initially thought in the second quarter.Investors were wary of Yellen hinting at a near-term interest ...

Markets - FXMM - Americas

Dollar slips as markets await Yellen's speech NEW YORK: The dollar fell on Friday as investors further adjusted positions ahead of a speech by Federal Reserve Chair Janet Yellen, who may signal whether U.S. interest rates will rise this year.Yellen is scheduled to give the keynote address at a global gathering of central bankers in the U.S. mountain resort of Jackson Hole, Wyoming, at 1400 GMT on Friday.She may send a clear signal that the Fed is gearing up for an increase ...

Markets - FXMM - Americas

Dollar dips as investors await Yellen's Jackson Hole speech NEW YORK: The dollar slipped on Thursday as some investors squared positions before the annual global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen may offer new guidance on U.S. monetary policy.Recent upbeat statements on the U.S. economy by Fed officials including Vice Chairman Stanley Fischer and New York Fed President William Dudley have prompted investors to raise bets interest rates will increase sooner rather than later. Some believe Yellen ...

Markets - FXMM - Americas

C$ trades sideways before central bankers' gathering TORONTO: The Canadian dollar was little changed against the greenback on Thursday despite solid US data and lower oil prices, trading in a narrow range before the start of a global central bankers' gathering in Jackson Hole.Data showed US core capital goods orders rose the most in six months, offering a tentative sign that a downturn in US business spending is starting to ease, which may be good news for Canada's exporters.Weak US business investment ...

Markets - FXMM - Americas

C$ weakens against firmer greenback as oil falls TORONTO: The commodity-linked Canadian dollar weakened against its firmer US counterpart on Wednesday as oil fell, although losses for the currency were restrained as investors awaited clues this week on the US interest rate outlook.Oil fell after an unexpectedly large inventory build in the world's biggest oil consumer renewed oversupply concerns. US crude oil futures settled $1.33 lower at $46.77 a barrel.The US dollar rose against a basket of major currencies ahead of a gathering ...

Markets - FXMM - Americas

Pound gains but rand plunges on finance minister probe NEW YORK: The British pound edged higher on the dollar Tuesday but South Africa's rand plunged after Finance Minister Pravin Gordhan was summoned by police.The pound gained after eurozone purchasing manager data for August, while not stellar, suggested little impact so far from the British vote in June to pull out of the European Union.Sterling rose to $1.3194, its best level on the greenback since August 4, and to 85.70 pence against the euro.The rand ...