01182017Wed
Last update: Wed, 18 Jan 2017 11pm

Americas

Markets - FXMM - Americas

Dollar jumps to highest in almost 14 years on Fed hike stance NEW YORK: The dollar surged to its highest since March 2003 on Wednesday, bolstered by upbeat US economic reports that showed the economy on track for steady growth as they reinforced expectations of rate increases by the Federal Reserve next month and in 2017.The greenback also rose sharply against the yen, rising to an eight-month high, and climbed versus the euro to its highest in 19 months. A 0.4 percent rebound in US durable goods orders last month after a decline in September and solid US jobless claims that have tracked below 300,000 for 90 straight weeks boosted the multiple rate hike view. US consumer sentiment also improved this month following the election of Donald Trump as president. The consumer sentiment index rose to 93.8, with gains recorded among all income and age subgroups and across all regions of the country. Markets are now pricing in a nearly 100 percent ...

Markets - FXMM - Americas

C$ hits nearly 2-week high amid OPEC optimism TORONTO: The Canadian dollar strengthened to a nearly two-week high against its US counterpart on Tuesday as investors weighed prospects of an output cut by major oil producers and domestic retail sales rose for the first time in three months.Canadian retail sales rose 0.6 percent in September, in line with economists' expectations, but would have been flat without the increased purchases of cars and parts, data from Statistics Canada showed. After removing the effects of ...

Markets - FXMM - Americas

Dollar regains footing as US data boosts multiple rate hike view NEW YORK: The dollar resumed its uptrend on Tuesday, helped by a surge in US existing home sales last month that further cemented expectations not only of a Federal Reserve interest rate hike in December, but also of further tightening next year. On Monday, the dollar sold off slightly as investors took advantage of a holiday-shortened week to square positions and book profits on a US currency that has logged nearly two weeks of extended ...

Markets - FXMM - Americas

Dollar index hits 13-1/2 year high after Yellen NEW YORK: The dollar on Thursday climbed to fresh 13-1/2 highs versus a basket of major currencies after Federal Reserve Chair Janet Yellen finished her appearance before the Congress's Joint Economic Committee. The dollar index, which measures the greenback against a group of six currencies, was last up 0.2 percent at 100.61 after hitting 100.65 which was its highest since April 2003. Copyright Reuters, 2016 ...

Markets - FXMM - Americas

C$ dips as oil pullback offsets manufacturing gain TORONTO: The Canadian dollar edged lower against its US counterpart on Wednesday as oil returned some of the advances made in one of the year's biggest rallies a day earlier, offsetting stronger-than-expected gains in domestic manufacturing sales.The 0.3 percent increase for Canadian manufacturing sales in September topped economists' expectations for a gain of 0.1 percent, though the rise was driven largely by the transportation equipment sector and a rise in overall prices.US crude prices were ...

Markets - FXMM - Americas

Dollar index briefly slips into negative territory NEW YORK: The dollar briefly weakened on Wednesday against a basket of currencies, retreating from a 14-year peak, after the release of a government report that showed US producer prices rose less than forecast in October. The dollar index was unchanged on the day at 100.23 after rising to 100.53 earlier Wednesday.Copyright Reuters, 2016 ...

Markets - FXMM - Americas

C$ rises for first time since US election as oil rallies TORONTO: The Canadian dollar strengthened against its US counterpart on Monday as oil rallied, with the loonie posting gains for the first time since the US election last week.Oil prices bounced back from multi-month lows on expectations that OPEC will agree later this month to cut production to reduce a supply glut. US crude prices were up 3.16 percent to $44.69 a barrel.The Canadian dollar has given up almost 50 percent of itsgains from January ...