09262016Mon
Last update: Mon, 26 Sep 2016 05am

Americas

Markets - FXMM - Americas

Dollar falls broadly after Fed cuts longer-term rate view NEW YORK: The dollar fell to its lowest in a week against a basket of major currencies on Thursday as investors sold the greenback following a writedown of longer-term interest rate expectations from the Federal Reserve.The Fed left short-term interest rates unchanged at the conclusion of its policy meeting on Wednesday and despite the dissent of three members, who voted in favor of raising rates, the Federal Open Markets Committee largely reduced the number of rate hikes they foresee in 2017 and 2018.That knocked the dollar almost across the board as investors reduced their expectations for US interest rates. "On one hand the Fed looks like it will raise rates in December and on the surface that's somewhat hawkish and positive for the dollar, but at the same time the Fed lowered its longer-term projected path of interest rates," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in ...

Markets - FXMM - Americas

C$ strengthens to near 2-week high as risk appetite rises TORONTO: The Canadian dollar strengthened to a nearly two-week high against its US counterpart on Thursday as risk appetite picked up one day after the US Federal Reserve decided to keep interest rates unchanged.The Fed on Wednesday signaled an increasingly cautious approach to future US rate increases, sparking a rally in world shares and bonds."Fed-induced risk appetite" drove strength in growth-sensitive currencies such as the Canadian dollar, said a research note from Scotiabank.Oil rose for ...

Markets - FXMM - Americas

Dollar falls vs yen after BoJ shifts, Fed seen holding pat NEW YORK: The US dollar fell to a near one-month low against the yen on Wednesday after the Bank of Japan made a policy shift in its bid to stimulate the country's stagnating economy that included the addition of a long-term interest rate target. Investors took a skeptical stance on the BOJ's ability to generate inflation with other new measures such as scrapping its focus on a monetary base while also committing to reaching its ...

Markets - FXMM - Americas

C$ strengthens as oil and stocks climb TORONTO: The Canadian dollar strengthened against its US counterpart on Wednesday as oil rose and the Bank of Japan's decision to target the yield curve supported stocks, while investors expected the US Federal Reserve to leave interest rates on hold.US crude prices were up 2.07 percent at $44.96 a barrel after a surprisingly large drop in US crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output.Oil is ...

Markets - FXMM - Americas

Dollar edges up in thin trading, investors cautious on BoJ, Fed NEW YORK: The dollar edged up against a basket of major currencies on Tuesday in light trading as investors made limited moves ahead of the conclusion of policy meetings at the Bank of Japan and US Federal Reserve.Investors see little chance the Fed will raise US short-term interest rates and expectations are also low that the BOJ will be able to weaken the yen meaningfully when both banks announce policy prescriptions on Wednesday. However, traders ...

Markets - FXMM - Americas

C$ weakens as oil falls; BOC's Poloz speech awaited TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday as oil fell and investors braced for a speech by Bank of Canada Governor Stephen Poloz as well as pending Japanese and US central bank monetary policy decisions.The price of US crude was down 1.55 percent to $42.63 a barrel ahead of an expected build in US crude oil stocks and on Venezuelan comments that the oil market remains oversupplied by 10 percent.Investors will ...

Markets - FXMM - Americas

Dollar edges up, investors cautious on outcome of BoJ, Fed meetings NEW YORK: The dollar edged up against a basket of major currencies on Tuesday in light trading as investors retraced last week's moves ahead of policy meetings from the Bank of Japan and US Federal Reserve. Investors see little chance that the Fed raises US short-term interest rates and expectations are also low that the BoJ will be able to weaken the yen meaningfully when both banks announce policy prescriptions on Wednesday. However, traders remained ...