09272016Tue
Last update: Tue, 27 Sep 2016 10am

Americas

Markets - FXMM - Americas

Mexico's peso hits record low as US election tightens MEXICO CITY: Mexico's peso is likely to continue to plumb record lows as the US presidential election nears, leaving local authorities with few options after intervention and interest rate hikes earlier this year did little to halt its slide, analysts said. The peso closed at a record low on Wednesday of 19.2745 per dollar after big losses that were partly fanned by concerns US Republican candidate Donald Trump could triumph over his Democratic rival Hillary Clinton in November. Those concerns deepened on Monday after a bout of pneumonia compelled Clinton to take a break from the campaign trail. The peso gained slightly on Thursday to trade around 19.2065 per dollar. "If the presidential race in the United States keeps tightening, I think this will keep generating depreciation pressures," said Alonso Cervera, an economist at Credit Suisse.Two-month implied volatility on peso-US dollar options contracts on Thursday jumped to the highest since ...

Markets - FXMM - Americas

Dollar slips against yen on doubts over BoJ potency NEW YORK: The US dollar reversed earlier gains against the yen on Thursday as traders doubted that the Bank of Japan (BOJ) would be able to weaken the yen with more policy stimulus, while profit-taking and gains in commodity currencies also weighed on the greenback. The dollar rose against the yen in morning US trading on expectations the BoJ could ramp up its monetary stimulus after reports in recent days that the central bank could ...

Markets - FXMM - Americas

TREASURIES OUTLOOK-Yields inch lower on Fed rate outlook NEW YORK: US Treasury yields edged lower on Wednesday, with prices trading in narrow ranges, on investors' view that a Federal Reserve rate hike later this month was unlikely after a round of mostly weak economic data.The drop in yields, which move inversely to prices, was across the board, with US 10-, two-, five- and seven-year notes earlier dropping to three-week lows. Yields on 30-year bonds slid to four-week troughs.A softer-than-forecast US non-farm payrolls report ...

Markets - FXMM - Americas

Dollar falls as markets await US jobs data NEW YORK: The dollar fell against major currencies on Thursday as data on US manufacturing pointed to a contraction in the sector last month.Markets were also anticipating Friday's release of official figures on August US job creation, which if strong could boost the chances of a US interest rate hike in the near term.Toward 2100 GMT, the euro was at $1.1199, up from $1.1156 the day before, while the dollar stood at 103.23 yen, down ...

Markets - FXMM - Americas

Dollar falls on surprise manufacturing decline NEW YORK: The US dollar fell against a basket of currencies on Thursday after US manufacturing activity unexpectedly declined in August, casting some doubts on the strength of US economic growth.The Institute for Supply Management (ISM) said its index of national factory activity fell 3.2 percentage points to a reading of 49.4, the first contraction since February. "The ISM was a bit disappointing," said Shaun Osborne, chief forex strategist at Scotiabank in Toronto.The data overturned ...

Markets - FXMM - Americas

Dollar hits three-week on solid jobs data NEW YORK: The US dollar rose to three-week highs against a basket of currencies on Wednesday after data showed that jobs gains in August were roughly in line with expectations, before paring gains on weak manufacturing data. Hawkish comments by Fed Chair Janet Yellen and Vice Chair Stanley Fischer last week increased expectations the US central bank is moving closer to an interest rate hike.Fischer has said that jobs data for August due on Friday ...

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 ...