12092016Fri
Last update: Fri, 09 Dec 2016 12pm

Americas

Markets - FXMM - Americas

C$ weakens as oil retreats, export volumes fall         TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday as oil fell and domestic trade data showed a disappointing drop in export volumes.Canada posted a smaller-than-expected trade deficit of C$1.13 billion in October, down from a record C$4.38 billion shortfall in September, when a one-time shipment of oil machinery boosted imports, Statistics Canada data showed."What the Bank of Canada will pay more attention to is the seven-tenths decline in export volumes on the month," said Scotiabank Vice President Derek Holt. "That plays to the concern that the (third-quarter) export surge was transitory."Prices fell for oil, one of Canada's major exports, as data showed output rose for most major producers despite plans for curbs by the Organization of the Petroleum Exporting Countries and Russia. US crude prices were down 2.39 percent at $50.55 a barrel. At 9:20 a.m. EST (1420 GMT), the Canadian dollar was trading at C$1.3303 to the greenback, or 75.17 US cents, weaker than Monday's close of C$1.3276, or 75.32 US ...

Markets - FXMM - Americas

Dollar index pares losses after ISM US services data   NEW YORK: The dollar trimmed losses on Thursday against a group of currencies as a private-sector report showed the services sector grew faster-than-forecast in November, supporting the view the US economy is expanding at a solid clip in the fourth quarter.  The dollar index, which measures the value of the greenback versus the euro, yen and four other currencies, was down 0.16 percent at 101.34, which was above its session low of 101.06.      Copyright Reuters, 2016 ...

Markets - FXMM - Americas

C$ strengthens to nearly 1-week high as oil rallies TORONTO: The Canadian dollar strengthened to a nearly one-week high against its US counterpart on Monday as oil rallied ahead of a meeting this week of major oil producers, while investors awaited a speech by Bank of Canada Governor Stephen Poloz.Oil prices gained more than two percent in volatile trading, recouping earlier losses as the market reacted to the shaky prospect of the Organization of the Petroleum Exporting Countries being able to agree output cuts ...

Markets - FXMM - Americas

GLOBAL MARKETS-Dollar rally pauses, Italian stocks underperform LONDON: The dollar's best run in almost two years paused on Friday while Italian stocks continued to underperform peers in Europe as the countdown to a referendum on constitutional reform in the country entered its final week. Futures on Wall Street were up 0.2 percent in light trading. Bond and stock markets in the United States, which were closed overnight for Thanksgiving, will close early on Friday. Italian stocks, the worst performers this year across ...

Markets - FXMM - Americas

Dollar jumps to highest in almost 14 years on Fed hike stance NEW YORK: The dollar surged to its highest since March 2003 on Wednesday, bolstered by upbeat US economic reports that showed the economy on track for steady growth as they reinforced expectations of rate increases by the Federal Reserve next month and in 2017.The greenback also rose sharply against the yen, rising to an eight-month high, and climbed versus the euro to its highest in 19 months. A 0.4 percent rebound in US durable goods ...

Markets - FXMM - Americas

C$ hits nearly 2-week high amid OPEC optimism TORONTO: The Canadian dollar strengthened to a nearly two-week high against its US counterpart on Tuesday as investors weighed prospects of an output cut by major oil producers and domestic retail sales rose for the first time in three months.Canadian retail sales rose 0.6 percent in September, in line with economists' expectations, but would have been flat without the increased purchases of cars and parts, data from Statistics Canada showed. After removing the effects of ...

Markets - FXMM - Americas

Dollar regains footing as US data boosts multiple rate hike view NEW YORK: The dollar resumed its uptrend on Tuesday, helped by a surge in US existing home sales last month that further cemented expectations not only of a Federal Reserve interest rate hike in December, but also of further tightening next year. On Monday, the dollar sold off slightly as investors took advantage of a holiday-shortened week to square positions and book profits on a US currency that has logged nearly two weeks of extended ...