06252016Sat
Last update: Sat, 25 Jun 2016 05pm

Americas

Markets - FXMM - Americas

Dollar firms vs euro ahead of US jobs report NEW YORK: The dollar firmed against the euro Thursday ahead of the May US jobs report that could tip the Federal Reserve toward an interest rate hike this month or in July.After a spate of hawkish comment from Fed officials recently, the markets have priced in the risk of a Fed rate hike in the coming months."For the prospect of a June or July move by the Fed to remain on the table, upcoming data, particularly tomorrow's all-important US payrolls report, will have to reinforce the idea that the economy is strong enough to withstand another rate increase," said Omer Esiner of Commonwealth Foreign Exchange.The dollar rose to $1.1154 per euro around 2100 GMT from $1.1187 at the same time Wednesday.The European Central Bank, as expected, left its ultra-loose monetary policy unchanged but upgraded slightly inflation and economic growth forecasts for the 19-nation eurozone this year."Euro traders were not impressed ...

Markets - FXMM - Americas

Dollar hits more than 2-week low vs yen, rises vs euro after ECB NEW YORK: The dollar fell to its lowest against the yen in more than two weeks on Thursday, weighed down by uncertainty over whether the US Federal Reserve will raise interest rates this summer and a loss of risk appetite from investors as oil and world stock prices fell. A weaker-than-expected ADP National Employment Report showed private payrolls increased by 173,000 last month, missing estimates of 175,000 new jobs expected by economists surveyed by Reuters. ...

Markets - FXMM - Americas

Mexico peso weakens to 3-mth low as oil falls SAO PAULO: Latin American currencies mostly weakened on Wednesday on the back of lower commodity prices, with the Mexican peso nearing levels which triggered central bank intervention earlier this year.The peso fell as low as 18.6225 per US dollar, the weakest since Feb. 17, when the central bank sold dollars directly to banks and unexpectedly raised its benchmark interest rate to fight off currency speculators.Wednesday's move came as prices of crude, a key export and ...

Markets - FXMM - Americas

Yen rises on tax hike delay; Brexit worries pummel pound NEW YORK: The yen rose Wednesday, buoyed by Japan's delay of a sales tax rise, and the pound fell over uncertainty about whether Britain will vote to stay in the European Union.Japan's prime minister, Shinzo Abe, gave the yen a boost with his decision to postpone to 2019 a long-planned sales tax increase amid fears it would hurt the limping economy.The yen surged 1.1 percent against the dollar to 109.53 around 2100 GMT, and was ...

Markets - FXMM - Americas

Dollar tumbles against yen after Japan delayed sales tax hike NEW YORK: The US dollar on Wednesday dropped to a two-week low against the yen after Japan delayed a sales tax increase for longer than expected, raising concerns about the lack of Japanese monetary stimulus to halt the yen's rise.Japanese Prime Minister Shinzo Abe announced a two and a half-year delay in a sales tax increase, putting plans for fiscal reform on the back burner amid weakness in the economy. Some analysts said the delay ...

Markets - FXMM - Americas

Dollar gains vs pound, euro as Brexit fears rise NEW YORK: The US dollar hit an eight-day high against the British pound and gained slightly against the euro after two surveys showed that those campaigning for Britain to leave the European Union had moved ahead, while the yen gained on the nervousness. A telephone poll conducted by polling firm ICM showed 45 percent of respondents favoured leaving the EU compared with 42 percent who said they would vote to stay in the bloc. A ...

Markets - FXMM - Americas

C$ weakens as Canada's GDP data disappoints, oil falls TORONTO: The Canadian dollar weakened to a one-week low against its US counterpart on Tuesday after Canada's economy accelerated less than forecast and oil fell, while firm US economic data left the door open to interest rate increases by the Federal Reserve.The losses left the loonie more than 4 percent lower for the month of May, while it has fallen 5 percent since reaching a 10-month high at C$1.2461 on May 3.Canada's gross domestic product ...