05052016Thu
Last update: Thu, 05 May 2016 09am

Americas

Markets - FXMM - Americas

Dollar rises as US data ease some growth worries NEW YORK: The dollar rose on Wednesday, rebounding from recent lows against the yen and euro as data on U.S. trade and factory orders eased some worries about the sub-1 percent growth path the world's biggest economy was stuck on in the first quarter.But a surprisingly weak report on private U.S. jobs growth in April and bets the Bank of Japan might not intervene soon to stem the yen's rise could help rekindle further losses on the greenback, analysts said.The greenback sagged to a near 19-month low of 105.52 yen overnight and touched its weakest against the euro since last August at $1.1614 on Tuesday."We will see more momentum on the dollar downtrend unless there's a major upward surprise on Friday," said Ray Uy, head of macro research at Invesco in Atlanta, referring to the government's April payrolls report due later this week.For now, the dollar has stabilized from its ...

Markets - FXMM - Americas

C$ weakens to 2-week low on trade data, oil output fears TORONTO/OTTAWA: The Canadian dollar weakened to a two-week low against the greenback on Wednesday after disappointing domestic trade data and as a wildfire threatened production in the country's oil sands region.Broad-based gains in the US dollar also hurt the loonie, which has rallied more than 13 percent since January. Analysts expect the currency will not be able to hold on to all of those gains.Canada's trade deficit in March unexpectedly widened to a record C$3.41 ...

Markets - FXMM - Americas

Latam markets fall across the board after weak China data BRASILIA: Latin American currencies and stocks fell sharply on Tuesday, erasing part of recent gains after weaker factory data in China dragged commodities prices away from four-month highs.Brazil's Bovespa stock index dropped nearly 2 percent and the broader MSCI Latin American stock index tumbled 3 percent, while currencies dropped more than 1 percent against the US dollar.Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. ...

Markets - FXMM - Americas

Dollar rebounds vs yen, slips against other major currencies NEW YORK: The dollar rose on Monday from its biggest weekly fall in more than seven years against the yen but softened against other major currencies, in particular the euro, which was helped by stronger German manufacturing data. Worries over Japanese policymakers' inability to stem the yen's rise pushed the dollar to an 18-month low of 106.14 yen in the first hours of Asian trade. It later bounced to 106.78 yen, up 0.4 percent on ...

Markets - FXMM - Americas

Brazil's real falls after central bank intervenes BRASILIA: Brazil's real weakened nearly 2 percent on Monday, hurt by a drop in global commodities prices and heavy central bank intervention aimed at curbing gains in the currency, which recently hit eight-month highs.Other Latin American currencies and stock markets saw light traded as holidays in Europe and Asia reduced volumes and risk appetite. Commodities prices fell 0.7 percent as Brent crude fell nearly 2 percent.The Brazilian central bank offered $2 billion in reverse swaps ...

Markets - FXMM - Americas

Yen posts biggest weekly gain since 2008, stocks fall NEW YORK: The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding fresh stimulus to the economy, while stocks in Europe and Wall Street headed lower as earnings failed to inspire higher valuations. US equities fell about 0.7 percent, following declines in Europe where major stock indexes fell 2 percent or more. The yen was on track for its biggest weekly gain since the 2008 financial ...

Markets - FXMM - Americas

Dollar nurses losses against yen after BoJ holds policy steady NEW YORK: The US dollar pared losses against the yen on Thursday, but was still on track to notch its biggest daily loss against the Japanese currency in eight months, after US consumer spending data provided some optimism on the US economic outlook.The dollar was last down 2.6 percent against the yen at 108.54 yen after the Bank of Japan's surprise decision not to further ease monetary policy. The greenback's last level against the yen ...