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Last update: Tue, 31 May 2016 12pm

Americas

Markets - FXMM - Americas

Dollar surges on bullish Fed minutes NEW YORK: The dollar jumped Wednesday after the minutes to the Federal Reserve's end-April meeting showed the central bank far more bullish about a possible June rate hike than markets had understood.Markets had dismissed a June rate hike as a 5 percent possibility just last week, but rate derivatives indicated that chance jumped to about 34 percent after the minutes were released.Short-term Treasury bond yields surged and the dollar jumped 0.8 percent to $1.1218 against the euro, and 1.0 percent to 110.20 yen."The release was significantly more hawkish than many had expected, notably stressing that a June interest rate hike would be likely if economic growth data continues to progress as expected," James Chen of Forex.com said.The British pound meanwhile continued its climb, rising 1.1 percent on the dollar before the Fed report and then giving back only a little to end the day up 0.9 percent at $1.4599.2100 GMT ...

Markets - FXMM - Americas

Mexico peso hits 3-month low, market expects more intervention MEXICO CITY: Mexico's peso slumped to a three-month low on Wednesday, with the speed of its recent tumble sparking speculation the central bank could soon intervene to try and cushion the currency's fall. The peso sank as much as 0.9 percent to 18.4510 per dollar, its weakest since February. The peso has lost nearly 7 percent this month, making it the second worst performer among the world's 36 most-traded currencies, behind the South African rand. ...

Markets - FXMM - Americas

Dollar rises, stocks retreat after Fed minutes NEW YORK: The Dow and S&P 500 tilted into negative territory and the dollar rose Wednesday after Federal Reserve meeting minutes left the door open to a June interest rate increase.Stocks had been solidly positive shortly before the minutes were released at 1800 GMT. But all three major stock indices pulled back after the minutes were released, with the Dow and S&P 500 slipping into negative territory.The dollar also pushed higher, with the euro at ...

Markets - FXMM - Americas

US dollar up on hawkish Fed view; banks boost stock indices NEW YORK: The US dollar rose to a three-week high on Wednesday on heightened expectations that the Federal Reserve will raise rates earlier or more times than anticipated this year, while stocks on Wall Street rose led by financial shares. Markets have priced in one interest rate hike from the Fed before the end of the year, but this week's US inflation data and a more hawkish tone from several Fed policymakers have led to ...

Markets - FXMM - Americas

Latam currencies gain as commodities rise for 3rd day BRASILIA: Latin American currencies advanced slightly on Tuesday as commodities prices rose for a third consecutive day, while a drop in banking shares dragged Brazilian stocks down.The Peruvian sol and the Chilean peso strengthened the most among Latin American currencies, despite US inflation data suggesting an increasing likelihood of rate hikes by the Federal Reserve later this year."Oil is up sharply again, which weakened the dollar against emerging currencies after some positive data out of ...

Markets - FXMM - Americas

C$ weakens as wildfire disrupts energy producers TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday as a wildfire threatened some oil sand facilities in Alberta, although losses were tempered by higher crude prices and domestic manufacturing data that was less weak than feared.Canadian energy producers were hit with fresh disruptions after a massive wildfire around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4,000 people from work camps.Canadian factory sales fell 0.9 ...

Markets - FXMM - Americas

Dollar dips against major rivals on Fed rate hike doubts NEW YORK: The US dollar dipped against a basket of major currencies on Tuesday after U.S. inflation data failed to convince currency traders that the Federal Reserve was moving closer to another interest rate hike.The dollar initially rose against the euro and Swiss franc after data showed U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose, with the euro hitting a session low against the ...