05062016Fri
Last update: Fri, 06 May 2016 04pm

Americas

Markets - FXMM - Americas

Dollar bolstered by strong stocks, positive Chinese data NEW YORK: The dollar climbed to a two-week peak against the euro and a one-week high against the yen on Wednesday, as gains in global stock markets and improved export numbers out of China drew investors into riskier bets than low-yielding currencies in Europe and Japan.The euro and yen have gained strongly against the dollar in recent weeks as investors sought traditional safe havens given a darkening outlook for banks and economic growth, underlined again by downgraded forecasts from the International Monetary on Tuesday.Softer-than-expected U.S. producer prices and retail sales numbers last month briefly pushed the dollar lower, but Wednesday's dollar uptrend remained intact."The weak retail sales and PPI (producer price index) data had virtually no impact on the dollar, and it's probably because there are portfolio flows going into U.S. equities," said Sebastien Galy, currency strategist at Deutsche Bank in New York. "This is giving the dollar a bit ...

Markets - FXMM - Americas

C$ weakens as oil retreats; attention turns to BOC rate announcement  TORONTO: The Canadian dollar weakened against its US counterpart on Wednesday as oil prices retreated, while domestic attention turned to the Bank of Canada's interest rate announcement later in the morning.Recent gains for the currency were pared after making a near nine-month high at C$1.2750 on Tuesday.The loonie has rebounded 15 percent from a 12-year low in January, supported by a partial recovery in oil prices, the Canadian government's plan for fiscal stimulus, a run ...

Markets - FXMM - Americas

Dollar advances on stronger stocks, China data NEW YORK: The dollar climbed to a two-week peak against the euro on Wednesday, as gains in global stock markets and improved data out of China drew investors into riskier bets than low-yielding currencies in Europe and Japan.The euro and yen have gained strongly against the dollar in recent weeks as investors sought traditional safe havens for their money on a darkening outlook for banks and economic growth, underlined again by downgraded forecasts from the ...

Markets - FXMM - Americas

Dollar rebounds against yen on boost in risk appetite NEW YORK: The US dollar rebounded against the safe-haven yen a day after hitting its lowest level against the currency in roughly a year and a half on greater risk appetite stemming from gains in equity and oil prices.A report that top oil producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting on Sunday helped push global oil prices to four-month highs and lead energy shares higher.The improved ...

Markets - FXMM - Americas

Dollar dips vs yen as investors see continued downside NEW YORK: The dollar slipped against the yen on Monday while weakening across a broad swathe of currencies, under continued pressure as the U.S. Federal Reserve has kept interest rate hike expectations low.The greenback briefly gained against the yen, after hitting 17-month lows overnight as Japan warned it could intervene in the market to weaken the yen. But those gains did not last as momentum for the dollar/yen remained on the downside."The market is very ...

Markets - FXMM - Americas

US dollar net longs hit lowest since late March 2014-CFTC Speculators further chopped bullish bets on the US dollar for a fifth straight week, pushing net longs to their lowest in more than two years, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday.The value of the dollar's net long position fell to $2.15 billion in the week ended April 5, from $4.65 billion the previous week. Dollar net longs came in below $5 billion for a second consecutive ...

Markets - FXMM - Americas

C$ weakens as oil falls, Wall Street retreats TORONTO: The Canadian dollar weakened against its US counterpart on Thursday as oil prices fell, while losses on Wall Street also weighed on the risk-sensitive commodity-linked currency.Oil fell as rising exports from Iraq underlined the global oversupply situation, outweighing the effects of a surprise fall in US inventories the previous day.US crude was down 0.7 percent to $37.49 a barrel.Wall Street retreated as investors worried about weak global growth and uncertainty surrounding the Federal Reserve's ...