07012016Fri
Last update: Fri, 01 Jul 2016 11am

Americas

Markets - FXMM - Americas

Yen rises on safe-haven bids, dollar recovers NEW YORK: A broad decline in commodity and stock prices in major world markets lifted the yen on Thursday as investors piled money into low-risk assets due to jitters about prolonged low inflation and negative interest rates. The yen, which investors prefer in times of market uncertainty, reached a three-year peak against the euro and a five-week high versus the US dollar. "It's generally a cautious mood today. You have stocks lower and yields lower," said Eric Viloria, currency strategist at Wells Fargo Securities in New York. German 10-year Bund yield and British 10-year Gilt yields reached record lows at 0.024 percent and 1.222 percent respectively on Thursday, as falling yields put pressure on bank shares and the broader market globally. Oil prices retreated from their highest levels of the year but held above $50 a barrel. The yen gained 1 percent against the euro at 120.88 yen after hitting ...

Markets - FXMM - Americas

C$ weakens as oil falls, risk appetite fade TORONTO: The Canadian dollar weakened against its US counterpart on Wednesday as oil prices fell and risk appetite faded.Losses for the loonie came one day after it strengthened to a five-week high at C$1.2655 as expectations dwindled that the US Federal Reserve will move to hike interest rates again soon.Oil prices fell as traders took profits after three sessions of gains, though prices remained close to their highest this year thanks to supply disruptions and ...

Markets - FXMM - Americas

Dow ends above 18,000 as dollar weakens NEW YORK: The Dow ended above 18,000 for the first time since April on Wednesday as declines in the dollar lifted some commodity-related shares and boosted the outlook for multinationals.The Dow Jones industrial average rose 66.56 points, or 0.37 percent, to 18,004.84, the S&P 500 gained 6.99 points, or 0.33 percent, to 2,119.12 and the Nasdaq Composite added 12.89 points, or 0.26 percent, to 4,974.64.Copyright Reuters, 2016 ...

Markets - FXMM - Americas

C$ strengthens as oil climbs above $50 a barrel TORONTO: The Canadian dollar strengthened to a one-month high against its US counterpart on Tuesday as oil prices climbed above $50 a barrel and after bets for US interest rate hikes were lowered following disappointing US jobs data last week.The loonie's gains came after Federal Reserve Chair Janet Yellen on Monday called the latest US jobs numbers disappointing and opted not to repeat her recent message that rates could rise again in the coming months.Oil ...

Markets - FXMM - Americas

Australian dollar jumps on RBA view, sterling rises NEW YORK: The Australian dollar strengthened on Tuesday after the Reserve Bank of Australia kept interest rates on hold and hinted it was in no hurry to ease monetary policy further on signs of reasonably strong economic growth. Sterling recovered further from three-week lows versus the dollar set on Monday following two newspaper polls on Tuesday that showed Britons narrowly favor remaining in the European Union. The results were in contrast to surveys released on ...

Markets - FXMM - Americas

Dollar index ticks up after US productivity data NEW YORK: The dollar added gains briefly against a basket of currencies on Tuesday as revised figures on US productivity and labor costs in the first quarter supported a view that the slack in the jobs market is diminishing at a gradual pace. The measure of the greenback versus the euro, yen, sterling and three other currencies was up as much as 0.9 percent shortly after the revised data. It was last at 93.907, little ...

Markets - FXMM - Americas

Dollar rises vs yen as Yellen dampens rate hike signal NEW YORK: The dollar rose against the yen Monday, as Federal Reserve Chair Janet Yellen signaled caution about raising interest rates following the disappointing May jobs report.Friday's shock employment report, showing the lowest job growth in nearly six years, was "concerning," Yellen said at an event in Philadelphia, though stressing her confidence that the economy remains in good health.If the jobs market continues to strengthen and prices pick up, "further gradual increases in the federal ...