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Last update: Thu, 11 Feb 2016 05am

Americas

Markets - FXMM - Americas

Latam currencies strengthen as oil recovers SAO PAULO: Latin American currencies strengthened on Wednesday as hopes that major oil producers may agree to cut output lifted crude prices.Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting Countries and non-OPEC members to discuss the issue, "then we will meet".Oil prices rose as a result, fostering demand for currencies such as the Mexican peso. Colombia's peso strengthened 0.5 percent, following an almost 2 percent slump on Monday."A tentative recovery in oil prices translates into relief for emerging market currencies," said Joo Paulo de Gracia Correa, a trader at SLW brokerage in Curitiba, Brazil.The Brazilian real jumped more than 1 percent to its highest so far this year to a session high of 3.94 per US dollar.Trading volumes were thin as dealers awaited the outcome of the Brazilian Finance Minister's meeting with representatives of Moody's Investors Service, which put the country's ...

Markets - FXMM - Americas

Dollar falls against euro, yen on risk aversion, dovish Fed view NEW YORK: The US dollar fell against the euro and yen on Tuesday after a drop in oil prices suggested U.S. inflation would stay low and prevent the Federal Reserve from hiking interest rates at a steady pace this year, while risk aversion also boosted the euro and yen.Brent crude oil prices fell more than 5 percent on worries about the demand outlook and rising supply, boosting expectations for lower inflation and, in turn, a ...

Markets - FXMM - Americas

C$ falls as crude oil prices, stock market losses weigh TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday, pulling back from a nearly four-week high as lower crude oil prices and stock market losses weighed on the risk-sensitive commodity currency.Oil prices fell more than 4 percent on Tuesday, extending their decline on Monday, as hopes for a deal between OPEC and Russia on output cuts faded.World stocks dipped after a three-day run of gains as the drop in oil prices sparked renewed ...

Markets - FXMM - Americas

Latam currencies weaken as oil slumps again SAO PAULO: Latin American currencies weakened on Tuesday as fading expectations of a deal to cut global oil production drove crude prices down for a second day in a row.Oil prices had rebounded last week on hopes of a deal between OPEC and Russia to cut output. A global supply glut and concerns over the demand outlook have kept crude prices near 12-year lows.The Colombian peso slumped almost 2 percent, while the Mexican peso fell ...

Markets - FXMM - Americas

Dollar weakens on views of dovish Fed after BoJ move, weak data NEW YORK: The US dollar fell against a basket of major currencies on Monday on the view that the Federal Reserve would not be able to hike interest rates as quickly as forecast this year given weak U.S. economic data and continued easing from the Bank of Japan.The dollar dipped against the yen, hitting a session low of 120.670 yen after shooting 2 percent higher against the Japanese currency on Friday to a six-week high ...

Markets - FXMM - Americas

Dollar falls as US durable goods undershoot forecast NEW YORK: The dollar hit a one-week low against the euro on Thursday as a plunge in U.S. durable goods orders supported the view of a U.S. economic slowdown on softer global demand.The well-below-expectation reading in durable goods orders, which plunged 5.1 percent last month, raised the prospects of a weaker U.S. gross domestic product reading, due on Friday. Economists polled by Reuters had anticipated only a 0.6 percent drop in durable goods."This is a ...

Markets - FXMM - Americas

C$ rallies to a 3-week high as oil prices surge TORONTO: The Canadian dollar rallied to a three-week high against its US counterpart on Thursday as crude oil prices rose, while the potential for a US Federal Reserve rate hike in March was not aided by weaker-than-expected US data.Oil rose above $34 per barrel, supported by the possibility that major producers may cooperate to cut production.New orders for long-lasting US manufactured goods tumbled 5.1 percent in December, the latest sign that economic growth weakened significantly ...