06282016Tue
Last update: Tue, 28 Jun 2016 04pm

Americas

Markets - FXMM - Americas

Dollar mostly flat as data fails to boost Fed rate hike bets NEW YORK: The US dollar was mostly flat against a basket of major currencies on Tuesday after US economic data failed to support expectations for a June or July Federal Reserve interest rate hike. The dollar index, which measures the greenback against a basket of six major currencies, was last nearly unchanged at 95.564, down from a two-month high of 95.968 hit on Monday. The euro hit a session high of $1.1173, up from a more than 10-week low of $1.1096 hit on Monday. The dollar index remained on track for its biggest monthly increase in six months in May, of about 2.7 percent, boosted by a jump in expectations in recent weeks of a near-term Fed rate increase.The dollar was set for its biggest monthly gain against the yen in 1-1/2 years, of about 4.3 percent. The personal consumption expenditures (PCE) price index, excluding the volatile food and energy ...

Markets - FXMM - Americas

Brazil's currency firms after government posts primary surplus SAO PAULO: The Brazilian real gained on Monday after the country's government recorded a primary budget surplus in April that exceeded market expectations, easing some concerns about its deficit.Brazil's currency rose 0.9 percent after weakening more than 2 percent last week.After posting a deficit in March, Brazil's central government reported a primary budget surplus of 9.751 billion reais ($2.72 billion) for April thanks to higher tax revenues and a decline in subsidies.Brazil, mired in a ...

Markets - FXMM - Americas

C$ pares losses against firmer greenback as oil rallies TORONTO: The Canadian dollar dipped against its broadly stronger US counterpart on Monday as investors braced for a potential increase in US interest rates this summer, but some losses were pared as oil turned higher.The greenback strengthened against a basket of major currencies after Federal Reserve Chair Janet Yellen said on Friday that a rate increase in the coming months "would be appropriate" if the economy and labor market continued to improve.The market has been ...

Markets - FXMM - Americas

C$ pares losses against firmer greenback as oil rallies TORONTO: The Canadian dollar dipped against its broadly stronger US counterpart on Monday as investors braced for a potential increase in US interest rates this summer, but some losses were pared as oil turned higher.The greenback strengthened against a basket of major currencies after Federal Reserve Chair Janet Yellen said on Friday that a rate increase in the coming months "would be appropriate" if the economy and labor market continued to improve.The market has been ...

Markets - FXMM - Americas

C$ weakens against firmer greenback as oil dips TORONTO: The Canadian dollar weakened against its broadly stronger US counterpart on Monday as oil dipped and investors braced for a potential increase in US interest rates this summer.The greenback strengthened against a basket of major currencies after Federal Reserve Chair Janet Yellen said on Friday that a rate increase in the coming months "would be appropriate," if the economy and labor market continued to improve.Oil prices dipped as Iraq raised its crude exports target ...

Markets - FXMM - Americas

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards fell on Monday due to dollar demand from importers amid fears the currency could weaken further if the government increases spending following the country's worst natural disaster since 2004, dealers said.Dollar/rupee forwards, known as spot next, were at 147.80/148.00 per dollar, weaker compared with Friday's close of 147.55/60.Spot next, which acts as a proxy for the spot currency, indicates the exchange rate for the day following conventional spot settlement, which ...

Markets - FXMM - Americas

C$ weakens as oil dips, Yellen bolsters US rate hike bets TORONTO: The Canadian dollar weakened against its broadly firmer US counterpart on Friday as oil prices fell and after a speech by Federal Reserve Chair Janet Yellen bolstered the case for a US interest rate hike this summer.The US dollar strengthened against a basket of major currencies after Yellen said the Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated.The loonie ...