08282016Sun
Last update: Sun, 28 Aug 2016 11pm

Americas

Markets - FXMM - Americas

Dollar slips on declining Fed hike expectations NEW YORK: The dollar fell against a basket of currencies on Monday, undermined by recent soft US economic data that tempered expectations of a Federal Reserve interest rate hike this year. The dollar, which has fallen in four of the last five trading sessions, also slipped against the yen, a trend that has been in place for much of this year, with investors generally underwhelmed by Japan's recent stimulus measures.The dollar index was down 0.1 percent at 95.61 after dropping to its lowest since Aug. 3 last Friday. The euro was up 0.2 percent at $1.1181. "Lower expectations of a US rate hike have been prompted by an overwhelming trend of global monetary easing by major central banks, as well as some very recent US data that has shown some unexpected weakness," said James Chen, head of research at Forex.com in Bedminster, New Jersey. Federal funds futures implied traders saw ...

Markets - FXMM - Americas

Dollar weakens on declining Fed rate hike expectations NEW YORK: The dollar fell against a basket of currencies on Monday, undermined by recent soft US economic data that tempered expectations of a Federal Reserve interest rate hike this year. The dollar, which has fallen in four of the last five trading sessions, also slipped against the yen, a trend that has been in place for much of this year, with investors generally underwhelmed by Japan's recent stimulus measures. The US currency was 0.2 ...

Markets - FXMM - Americas

US dollar funding pressure eases a tad NEW YORK: The scramble among banks for US dollars cooled a bit on Monday as a closely watched gauge on what they charge each other to borrow greenbacks for three months posted its biggest single-day fall in more than seven weeks. The London interbank offered rate on three-month dollars , or Libor, had risen as some US prime money market funds have changed over to hold only government bonds, which are exempt from rules from ...

Markets - FXMM - Americas

C$ strengthens to 3-week high; pares gains as oil falls TORONTO: The Canadian dollar strengthened to a three-week high against its broadly weaker US counterpart on Wednesday, although gains were pared as crude oil fell.The US dollar fell against a basket of major currencies as investors awaited a speech by Federal Reserve Chair Janet Yellen later this month in the absence of new major economic reports that could provide signs of economic strength.Position squaring has dominated after the market bought the greenback following a robust ...

Markets - FXMM - Americas

Dollar weakens as jobs report bump dissipates NEW YORK: The dollar fell against the euro and the yen on Wednesday as enthusiasm from recent employment figures began to fade.Toward 1800 GMT, the euro was at $1.1183, up from $1.1115 at 2100 GMT the day before. Meanwhile, the dollar fell slightly against the yen, standing at 101.26 yen versus 101.88 on Tuesday.The euro was unchanged against the yen at 113.25.The dollar gained a rush of strength on exchange markets following Friday's US government ...

Markets - FXMM - Americas

Latam currencies pare gains as oil slides; stocks fall SAO PAULO: Latin American currencies pared gains on Wednesday as crude prices turned negative, taking the shine off an extended rally in emerging markets.Most stock markets in the region fell, tracking declines in Wall Street triggered by the losses in oil. But most currencies remained in positive territory, with investors still chasing higher yields amid prospects of rock-bottom interest rates abroad and a gradual but sturdy global economic recovery.Oil prices slid nearly 2 percent after ...

Markets - FXMM - Americas

C$ strengthens to 3-week high against weaker greenback TORONTO: The Canadian dollar strengthened to a three-week high against its US counterpart on Wednesday as oil edged higher and the greenback suffered broad-based losses.The US dollar fell against a basket of major currencies as investors re-evaluated whether the Federal Reserve will raise interest rates this year.Oil rose even as analysts mostly expected no impact on actual supplies from talk of a potential producer meeting to discuss propping up prices. US crude prices were up ...