02102016Wed
Last update: Wed, 10 Feb 2016 07am

Americas

Markets - FXMM - Americas

Dollar drags as oil rebound boosts loonie, sterling NEW YORK: A recovery in oil prices pushed the dollar higher against the yen and euro on Tuesday, but it fell overall as sterling rose and the oil-linked Canadian dollar gained. With crude oil prices near their lowest in 13 years, senior officials of the Organization of the Petroleum Exporting Countries renewed calls for rival producers to cut supply alongside its members.That helped push oil prices further above $30 a barrel as markets hoped OPEC and Russia could be getting closer to a deal to reduce the supply of crude in the market.The bounce in oil prices helped improve markets' risk appetite, leading investors to unwind positions in currencies seen as less risky and boosting the dollar. The dollar gained 0.2 percent against the yen to 118.50 , while the euro was down 0.2 percent at $1.0825. Both currencies tend to do well during times of financial market stress, since ...

Markets - FXMM - Americas

C$ strengthens as crude oil prices rise on deal hopes TORONTO: The Canadian dollar rallied against its US counterpart on Tuesday, helped by a recovery in oil prices on hopes of a deal to address a global crude supply glut.A 6 percent slump in Chinese shares weighed on market sentiment, but was offset by firmer oil prices.Oil rose further above $30 a barrel, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply ...

Markets - FXMM - Americas

Dollar dips with oil, equities; investors pick less risky currencies NEW YORK: The dollar edged down on Monday as renewed selling on oil markets drove investors into currencies often deemed less risky investments, such as the euro, Swiss franc and Japanese yen.Crude oil futures fell 3 percent after Iraq announced record-high oil production, feeding into a heavily oversupplied market.U.S. stock indexes opened lower, following their European counterparts, dragged down by energy stocks.The oil price fall turned investors' focus back onto a broadly negative outlook for ...

Markets - FXMM - Americas

C$ dips with lower crude oil prices, trimming last week's rally  TORONTO: The Canadian dollar fell against its US counterpart on Monday, trimming last week's gains, as Friday's short-covering rally in crude oil prices was partly unwound.The currency rallied 3.0 percent last week after the Bank of Canada surprised many traders by leaving its policy rate on hold at 0.50 percent.However, expectations that the central bank will cut by July has nudged higher to 86 percent. It was 78 percent after much stronger than expected retail ...

Markets - FXMM - Americas

Recovery in oil, equities fuels dollar rise NEW YORK: The dollar rose on Friday, boosted by increased expectations of monetary easing by central banks in Europe and Japan, and by a bump in global equities and oil prices that renewed market risk appetite.The dollar rose to a two-week high against the yen, which has had its year-to-date gains versus the greenback cut nearly in half over the past two days.Bank of Japan Governor Haruhiko Kuroda said Friday there is further room for ...

Markets - FXMM - Americas

Euro dips after ECB signals more stimulus NEW YORK: The euro slipped against the dollar Thursday after the European Central Bank signaled further stimulus could soon be on the way for the eurozone.In volatile trade, the euro tumbled to a two-week low of $1.0778, before regaining its footing at $1.0878 around 2200 GMT.Nevertheless, that was weaker than the $1.0890 trade at the same time Wednesday.The shared currency dived following the ECB's announcement after a monetary policy meeting that it would hold the ...

Markets - FXMM - Americas

C$ hits fresh 12-year low on oil rout, rate cut bets TORONTO: The Canadian dollar tumbled to a fresh 12-year low against its US counterpart on Wednesday as an oil rout deepened and global stocks fell, while the market raised bets that the Bank of Canada will cut interest rates.US crude touched its lowest since 2003, as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand.Recent widening in credit spreads have tightened financial conditions, adding to the reasons for ...