02112016Thu
Last update: Thu, 11 Feb 2016 09am

Americas

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 the BoJ to expand its quantitative easing program if inflation continues to wane. That would reduce the value of Japan's currency, making it less attractive to investors.The dollar rose 0.9 percent to 118.75 yen.Kuroda's comments came a day after European Central Bank chief Mario Draghi said the bank would need to review its policy in March, which was read by markets as a promise of more easing.The euro fell below $1.08 to the dollar 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 ...

Markets - FXMM - Americas

Euro edges up ahead of ECB meeting WASHINGTON: The euro moved higher against the dollar Tuesday, two days before the European Central Bank meets to review the struggling European economy."The ECB isn't expected to make any changes this time," said Joe Manimbo, a market analyst at Western Union Business Solutions."But it could signal a wide-open door to easier action given oil's massive plunge from above $40 when the bank last met in early December to below $30, a move the puts downward ...

Markets - FXMM - Americas

Latam FX weakens on oil slump, global growth worries SAO PAULO: Latin American currencies weakened on Tuesday as worries about slumping oil prices and a global economic slowdown pushed investors to sell riskier assets.The Mexican peso shed 0.4 percent against the dollar while the Brazilian real bid 0.5 percent weaker.US crude oil dropped 3 percent, and US stock markets retreated from early gains.Emerging market currencies have been hammered so far this year amid concerns about slower growth in China, the world's second-biggest economy, and ...

Markets - FXMM - Americas

Dollar retreats from earlier gains as oil turns sour NEW YORK: The dollar pared earlier gains on Tuesday, as growing worries over slumping oil prices and a global economic slowdown sent investors back to safe-haven currencies. The dollar fell against the Swiss franc and surrendered most of its morning gains versus the Japanese yen as US oil prices turned negative and investor appetite for risk evaporated. US crude oil dropped 3 percent, and US stock markets retreated from early gains as American traders rebuked ...

Markets - FXMM - Americas

C$ unwinds gains as oil prices stay fragile, rate cut bets trimmed TORONTO: The Canadian dollar unwound earlier gains against its US counterpart on Tuesday as crude oil prices remained fragile, while relative stability in financial markets saw traders trim bets that the Bank of Canada will cut rates on Wednesday.Expectation that China might increase stimulus helped financial markets achieve relative stability following turmoil at the start of 2016, lending support to risk-sensitive commodity currencies such as the Canadian dollar.It may have left the market second guessing ...