05272016Fri
Last update: Fri, 27 May 2016 09pm

Americas

Markets - FXMM - Americas

US dollar up on hawkish Fed view; banks boost stock indices NEW YORK: The US dollar rose to a three-week high on Wednesday on heightened expectations that the Federal Reserve will raise rates earlier or more times than anticipated this year, while stocks on Wall Street rose led by financial shares. Markets have priced in one interest rate hike from the Fed before the end of the year, but this week's US inflation data and a more hawkish tone from several Fed policymakers have led to analysts now seeing the Fed more likely to tighten monetary policy.Markets see the likelihood of an interest rate rise in September at 57 percent, up from 49 percent Tuesday. Minutes from the last Fed policy meeting on April 27 are due at 2 p.m. EDT (1800 GMT).Bank stocks, seen benefiting from higher interest rates, led gains on Wall Street while the high dividend payers like utilities and consumer staples weighed on the S&P 500 the ...

Markets - FXMM - Americas

Latam currencies gain as commodities rise for 3rd day BRASILIA: Latin American currencies advanced slightly on Tuesday as commodities prices rose for a third consecutive day, while a drop in banking shares dragged Brazilian stocks down.The Peruvian sol and the Chilean peso strengthened the most among Latin American currencies, despite US inflation data suggesting an increasing likelihood of rate hikes by the Federal Reserve later this year."Oil is up sharply again, which weakened the dollar against emerging currencies after some positive data out of ...

Markets - FXMM - Americas

C$ weakens as wildfire disrupts energy producers TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday as a wildfire threatened some oil sand facilities in Alberta, although losses were tempered by higher crude prices and domestic manufacturing data that was less weak than feared.Canadian energy producers were hit with fresh disruptions after a massive wildfire around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4,000 people from work camps.Canadian factory sales fell 0.9 ...

Markets - FXMM - Americas

Dollar dips against major rivals on Fed rate hike doubts NEW YORK: The US dollar dipped against a basket of major currencies on Tuesday after U.S. inflation data failed to convince currency traders that the Federal Reserve was moving closer to another interest rate hike.The dollar initially rose against the euro and Swiss franc after data showed U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose, with the euro hitting a session low against the ...

Markets - FXMM - Americas

C$ makes subdued gains as oil rallies TORONTO: The Canadian dollar made small gains against its US counterpart on Monday as oil rallied to a six-month high and as Canadian home sales rose in April to their highest level ever.The commodity-linked currency had a subdued reaction to oil prices rising amid increasing output disruptions in Nigeria and after Goldman Sachs said a near-two-year glut in the market had ended and flipped to a deficit."The question over this week is will the Canadian ...

Markets - FXMM - Americas

Pound gains despite Bank of England's Brexit warning NEW YORK: The British pound edged higher Thursday despite a bearish outlook and warning over the consequences of Brexit from the Bank of England.But the dollar was stronger against the euro and yen as two Federal Reserve officials laid out stronger arguments for an early interest-rate increase.The pound, pushing up to $1.4453, could have been expected to weaken as the Bank of England cut its growth forecast for this year to 2.0 percent, saying the ...

Markets - FXMM - Americas

Yen weakens vs dollar on talk of more policy easing NEW YORK: The yen fell to a two-week low against the dollar on Thursday, pressured by speculation that the Bank of Japan could expand its monetary stimulus as soon as next month.The Japanese currency has surged more than 9 percent against the dollar in 2016 despite Japan's series of monetary easing measures. That has fuelled intervention talk from Japanese officials, resulting in a 1.7 percent drop in the value of the yen so far this ...