07012016Fri
Last update: Fri, 01 Jul 2016 05am

Americas

Markets - FXMM - Americas

Pound, euro maintain climb in post-Brexit market pause NEW YORK: The pound and the euro extended gains Wednesday but remained far below their levels before Britain voted last week to quit the European Union.Financial markets that had reeled after last Thursday's EU exit vote rebounded for a second straight day as fears about Brexit's impact on the global economy receded."The pause in the selling in nearly all risk assets following the UK's historic move to leave the European Union appears to be more of a period of market consolidation rather than any meaningful improvement in underlying conditions," Omer Esiner of Commonwealth Foreign Exchange said.The dollar, which had surged earlier in the week as investors sought a haven, broadly eased back.The euro rose to $1.1124 around 2100 GMT from $1.1065 at the same time Tuesday. The pound rose 0.9 percent against the dollar to $1.3455. It gained 0.3 percent against the euro at 82.67 pence.Stephen Innes, senior trader at ...

Markets - FXMM - Americas

C$ edges higher as oil and global stocks rally TORONTO: The risk-sensitive Canadian dollar edged higher against its US counterpart on Wednesday as global financial markets stabilized for a second straight day following volatility triggered by Britain's vote to leave the European Union.European and Asian stock markets built on a recovery from the aftermath of last week's Brexit vote as investors wagered central banks would ultimately ride to the rescue with more stimulus.Oil rose as traders moved money back into markets hit by the ...

Markets - FXMM - Americas

Dollar funding costs jump after Brexit vote NEW YORK: The cost for Wall Street to fund dollar-based trades rose on Friday to the highest in nearly three months as Britain's vote to leave the European Union stunned investors, causing reluctance to lend as global stock markets plunged. The interest rate in the $3.8 trillion repurchase agreement market, where traders raise short-term cash from investors by pledging securities as collateral, was last bid at 0.80 percent, which was the highest since 0.85 percent ...

Markets - FXMM - Americas

Mexico's peso plunges to fresh record low after UK votes to leave EU MEXICO CITY: Mexico's peso hit a fresh record low early on Friday after Britain voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European unity project since World War Two. The peso , one of most liquid emerging market currencies, plunged 7.15 percent to 19.5225 per dollar shortly after midnight local time. The currency, which has slumped more than 10 percent this year, ...

Markets - FXMM - Americas

Mexico's peso reaches 2-week high after late Brexit polls MEXICO CITY: Mexico's peso firmed 1.35 percent against the US dollar on Thursday to its highest level in two weeks after late polls pointed towards Britain voting to remain in the European Union. The peso hit 18.235 per dollar, its highest since June 9. Copyright Reuters, 2016 ...

Markets - FXMM - Americas

C$ strengthens as oil prices rebound TORONTO: The Canadian dollar strengthened against its US counterpart on Friday as a selloff in oil and stocks ahead of Britain's EU membership vote next week abated, although gains for the loonie stalled as domestic data showed inflation slowed.Canada's annual inflation slowed in May to 1.5 percent from a rate of 1.7 percent in April, with prices for gasoline and food accounting for most of the change, Statistics Canada said. The annual core inflation rate ...

Markets - FXMM - Americas

Sterling rebounds vs euro after killing of pro-EU British lawmaker NEW YORK: Sterling rallied from a two-month low against the euro on Thursday, extending gains after British police said Jo Cox, a lawmaker for Britain's opposition Labour Party, had died after being attacked earlier in the day. Cox was one of the members of parliament advocating for Britain to remain in the European Union, an issue that will be decided in a referendum next week. Cox was attacked as she prepared to hold a meeting ...