05062016Fri
Last update: Fri, 06 May 2016 04am

Americas

Markets - FXMM - Americas

C$ strengthens as oil rallies; Poloz speech has little impact TORONTO: The Canadian dollar strengthened against its US counterpart on Tuesday as oil prices rose and weaker-than-expected US data weighed on the greenback, while a speech by Canada's central bank governor had little impact on the market.Global trade is likely to grow more slowly than it did in the past, but this should not be taken as a sign of an impending recession, Bank of Canada Governor Stephen Poloz said on Tuesday.Poloz didn't reveal anything new that would have implications for the currency, said Mazen Issa, senior FX strategist at TD Securities.There is "a small degree of cautiousness," which is consistent with recent comments from the governor that have tried to "talk down" some of the optimism about the economy that has been generated by domestic data, he said.Still, the implied probability of a Bank of Canada rate hike this year has increased to 24 percent from near zero before ...

Markets - FXMM - Americas

Dollar falls broadly on expectations for dovish Fed NEW YORK: The US dollar weakened against major currencies on Tuesday after weaker-than-expected U.S. economic data reinforced views that the Federal Reserve would take a dovish stance in a policy statement Wednesday.The U.S. dollar index, which measures the greenback against a basket of six major currencies, was last down 0.44 percent at 94.418 after U.S. March durable goods orders and April consumer confidence data came in below the expectations of economists polled by Reuters.Tuesday's economic ...

Markets - FXMM - Americas

Dollar slips against yen on profit-taking ahead of BOJ, Fed NEW YORK: The US dollar slipped against the yen on Monday as traders took profits from the greenback's recent rally against the Japanese currency, while the dollar weakened against other major currencies on expectations for a dovish Federal Reserve meeting.The dollar hit a session low of 110.85 yen after reaching a more than three-week high of 111.90 yen. Analysts said traders were taking profits and selling the dollar despite expectations that the Bank of Japan ...

Markets - FXMM - Americas

C$ dips as oil prices seesaw before Fed meeting this week TORONTO: The Canadian dollar edged lower against its US counterpart on Monday as oil prices seesawed and investor attention turned to central bank meetings in the United States and Japan this week.Stronger-than-expected retail sales data on Friday had helped the loonie rack up last week its fourth week of gains in a row.The currency has rallied 16 percent since falling to a 12-year low in January, helped by a smaller gap between Canadian and US ...

Markets - FXMM - Americas

Dollar rallies against yen on potential for expanded BOJ stimulus NEW YORK: The U.S. dollar rose to its highest level against the yen in three weeks on Friday after a report said the Bank of Japan is considering expanding its negative rate policy to bank loans and could cut rates further.The BOJ could consider the new step if policymakers decide to lower the negative 0.1 percent interest rate applied to some bank reserves parked with the central bank, Bloomberg reported.The dollar rose more than 2 ...

Markets - FXMM - Americas

Dollar gains against euro after ECB as focus turns to Fed NEW YORK: The euro reversed to trade lower against the dollar on Thursday after traders looked past a European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next week, while the yen rebounded on flagging risk appetite.The euro was last down 0.12 percent against the dollar at $1.1280, near a session low of $1.1271, after hitting a nine-day high of $1.1394 on the back of comments from ECB President Mario ...

Markets - FXMM - Americas

C$ strengthens to a 9-month high as oil rallies TORONTO: The Canadian dollar strengthened to a nine-month high against its US counterpart on Tuesday, together with broader gains for commodity-linked currencies as oil rose and risk appetite grew.Fellow commodity currencies, the Australian and New Zealand dollars, rose to 10-month highs against the greenback and US stock index futures advanced, drawing support from oil prices.Oil gained as a strike by oil workers in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment ...