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Last update: Sun, 31 Jul 2016 03am

Americas

Markets - FXMM - Americas

C$ weakens to 1-week low as oil prices fall TORONTO: The commodity-linked Canadian dollar weakened to a one-week low against its US counterpart on Wednesday as oil fell and the International Monetary Fund (IMF) cut its global growth forecasts.Oil prices declined as investors awaited a clearer signal from weekly US crude inventory data on whether a glut was easing in the world's largest oil-consuming nation. US crude prices were down 1.70 percent to $43.89 a barrel.At 9:26 a.m. EDT (1326 GMT), the Canadian dollar was trading at C$1.3083 to the greenback, or 76.44 US cents, weaker than Tuesday's close of C$1.3028, or 76.76 US centsThe currency's strongest level of the session was C$1.3014, while it touched its weakest since July 12 at C$1.3096.Uncertainty over Britain's looming exit from the European Union prompted the IMF to cut its global growth forecasts for the next two years. Its forecast for Canada was cut by 0.1 percentage point to 1.4 percent for ...

Markets - FXMM - Americas

Latam currencies slip on global growth concerns SAO PAULO: Latin American currencies weakened on Tuesday as renewed concerns over global growth triggered profit-taking following a weeks-long rally.Traders cited a drop in German investor sentiment as well as a downward revision in the International Monetary Fund's estimates for global growth, both prompted by Britain's decision to leave the European Union.Worries that the US Federal Reserve could increase rates this year if financial markets remain calm also drove investors to sell emerging market assets, ...

Markets - FXMM - Americas

Yen sinks as traders put on risk NEW YORK: The Japanese yen sank against the dollar and euro Monday as investors turned to riskier assets after the military coup in Turkey failed.The dollar surged 1.3 percent against the yen from late Friday, to 106.14 yen. The euro put on 1.6 percent to 117.56 yen.Traders piled into the yen late Friday as military factions in Turkey attempted to overthrow the government of President Recep Tayyip Erdogan.Erdogan's quick assertion of his power within hours ...

Markets - FXMM - Americas

C$ flat vs US dollar as Turkey jitters fade, oil dips TORONTO: The Canadian dollar ended unchanged against its US counterpart on Monday as the market brushed off the news of a purge after a failed coup in Turkey and oil prices fell.The loonie, as Canada's currency is colloquially known, gained against the safe-haven Japanese yen and Swiss franc, but lost ground against emerging market currencies, including Mexico's peso and Russia's ruble.Turkey detained or suspended nearly 20,000 members of the police, army, judiciary and civil service ...

Markets - FXMM - Americas

Latam currencies, stocks recover as Turkey coup thwarted SAO PAULO: Most Latin American stocks and currencies rose on Monday as traders unwound safety bets after a military coup attempt in Turkey proved unsuccessful.Investors sharply sold emerging market assets late on Friday as the military coup unfolded, with the Mexican peso weakening as much as 1.5 percent.Spot markets in Brazil had already closed when the news broke, but futures contracts on the real currency lost more than 1 percent to 3.30 on the dollar.Risk ...

Markets - FXMM - Americas

Brazil currency, stocks jump on hopes of fiscal austerity SAO PAULO, July 14 (Reuters) - Brazil's currency and stocks jumped on Thursday on hopes interim President Michel Temer will manage to push through austerity measures following the election of a right-leaning ally as speaker of the lower house of Congress.Rodrigo Maia of the Democrats party, known as DEM, handily won a vote to replace speaker Eduardo Cunha who quit last week as he faced expulsion from the legislature over ethics violations."Maia will likely fight ...

Markets - FXMM - Americas

Pound, euro maintain climb in post-Brexit market pause NEW YORK: The pound and the euro extended gains Wednesday but remained far below their levels before Britain voted last week to quit the European Union.Financial markets that had reeled after last Thursday's EU exit vote rebounded for a second straight day as fears about Brexit's impact on the global economy receded."The pause in the selling in nearly all risk assets following the UK's historic move to leave the European Union appears to be more ...