08272016Sat
Last update: Sat, 27 Aug 2016 08pm

Americas

Markets - FXMM - Americas

Dollar weaken further on ambivalent Fed stance NEW YORK: The dollar again weakened against the euro, the yen and the British pound on Thursday as markets continued to absorb ambivalent signals from the US central bank.Towards 2100 GMT, the euro was at $1.1354, up from $1.1287, levels not seen since the fears created by Britain's June vote to exit the European Union. The dollar sank below the 100 yen mark, falling to 99.94 yen from 100.28. The pound was at $1.3170, up from $1.3038.The US Federal Reserve on Wednesday released minutes from its July 26-27 meeting in which members said they wanted to keep "options open" but remained divided on the need for interest rate increases in the near-term.The remarks did not give any new and unambiguous sign of which way policy might head."It's really mostly dollar selling [after] yesterday's FOMC minutes release, which was much less hawkish than the market thought it would be," said Boris ...

Markets - FXMM - Americas

Latam currencies mostly firm after Fed minutes SAO PAULO: Most Latin American currencies strengthened on Thursday as higher oil prices and division in the Federal Reserve over whether to raise interest rates soon offset bullish comments by a US policymaker.The minutes of the US central bank's last policy meeting released on Wednesday showed that policymakers agree that more economic data is needed before tightening monetary policy.Many traders had expected a more direct sign that the Fed intended to increase rates later this ...

Markets - FXMM - Americas

C$ strengthens with oil as Fed minutes weigh on greenback TORONTO: The commodity-linked Canadian dollar strengthened against its US counterpart on Thursday as oil rose and minutes from the Federal Reserve's July meeting weighed on the greenback. US crude prices were up 1.11 percent at $47.31 a barrel as the world's biggest producer prepared to discuss a possible freeze in output levels. The US dollar fell against a basket of major currencies after Fed minutes, released on Wednesday, showed a bias among policymakers against raising ...

Markets - FXMM - Americas

Dollar hovers near 8-week lows vs euro, Swiss franc after Fed minutes NEW YORK: The US dollar hovered near its lowest against the euro and Swiss franc in nearly eight weeks on Thursday, a day after minutes from the Federal Reserve's July meeting showed a bias among policymakers against raising interest rates soon.The minutes showed members of the rate-setting Federal Open Market Committee were generally upbeat about the US economic outlook. Several Fed policymakers, however, said a slowdown in the future pace of hiring would argue against ...

Markets - FXMM - Americas

C$ ends winning streak; pares losses as oil rises TORONTO: The Canadian dollar's nearly two-week winning streak against its US counterpart ended on Wednesday, but losses for the currency were pared after the release of minutes from the Federal Reserve's July meeting and as oil turned higher.The US dollar erased early gains and US bond yields fell after the Fed minutes showed general agreement that more data was needed before the next rate increase from the US central bank."The price action just tells you ...

Markets - FXMM - Americas

Dollar weakens as Fed minutes leave markets guessing NEW YORK: The dollar fell slightly against the euro and the yen on Wednesday as meeting minutes from the US Federal Reserve's July meeting did little to elucidate the future of US monetary policy.Toward 2100 GMT on Wednesday, the euro was at $1.1287, up from $1.1276 the day before, while the dollar had slightly weakened to 100.28 yen, down from 100.30.The pound fell slightly against the dollar to $1.3038, down from $1.3044.An account of deliberations ...

Markets - FXMM - Americas

Latam currencies, stocks down ahead of Fed policy minutes SAO PAULO: Latin American currencies and stocks fell on Wednesday after comments by a Federal Reserve policymaker fostered bets that the minutes of the Fed's last meeting will strike a hawkish tone.Many investors had believed the Fed would refrain from hiking rates this year as it waits for more evidence about the impact on the US economy of Britain's June 23 vote to leave the European Union.But those expectations took a beating on Tuesday after ...