09252016Sun
Last update: Sun, 25 Sep 2016 10pm

Americas

Markets - FXMM - Americas

Dollar retreats on Fed rate hike uncertainty NEW YORK: The dollar slid across the board on Tuesday, as investors shifted their focus away from hawkish remarks on U.S. interest rates by Federal Reserve officials and toward a speech on Friday by Fed Chair Janet Yellen.The greenback was given a boost over the weekend when Fed Vice Chairman Stanley Fischer said the U.S. central bank was getting close to its job and inflation targets, prompting speculation a rate hike could come as soon as September.Yellen will speak at the annual meeting of world central bankers in Jackson Hole, Wyoming, at the end of the week.Investors are anxious to see whether Yellen will echo the hawkish views expressed by Fischer and New York Fed President William Dudley, or take a more subdued stance in line with the minutes from the Fed's July policy meeting. Those minutes suggested the central bank was not in a hurry to raise rates."The big ...

Markets - FXMM - Americas

C$ weakens to one-week low as oil tumbles TORONTO: The Canadian dollar weakened to a one-week low against its US counterpart on Monday as lower oil prices offset solid domestic data, but losses were restrained as investor attention turned to a speech by Federal Reserve Chair Janet Yellen on Friday.Hesitation ahead of Yellen's speech capped gains for the US dollar against a basket of major currencies a day after a top Federal Reserve official made comments perceived as hawkish."I think it's going to ...

Markets - FXMM - Americas

C$ weakens to one-week low as oil falls TORONTO: The Canadian dollar weakened to a one-week low against its US counterpart on Monday as comments by a Federal Reserve official supported the greenback and oil prices fell, offsetting stronger-than expected domestic data.Canadian wholesale trade increased by 0.7 percent in June from May, the third consecutive monthly gain, Statistics Canada said. Analysts surveyed by Reuters had forecast a 0.1 percent increase.The US dollar firmed against a basket of major currencies after an upbeat assessment ...

Markets - FXMM - Americas

Dollar rises on comments from Fed's Fischer viewed as hawkish NEW YORK: The US dollar edged higher against a basket of major currencies on Monday, a day after a top Federal Reserve official made comments perceived as hawkish, while hesitation ahead of a speech from the Fed chair on Friday capped the greenback's gains.Fed Vice Chairman Stanley Fischer said on Sunday that he thought the central bank was close to achieving its employment and inflation targets.While the Fed's No. 2 policymaker did not address when ...

Markets - FXMM - Americas

Dollar rebounds after Fed's Williams adds support for rate hike NEW YORK: The US dollar rebounded from nearly eight-week lows against the euro and Swiss franc on Friday a day after a top Federal Reserve official joined a growing chorus signaling support for a US interest rate hike in coming months. San Francisco Fed President John Williams on Thursday said that, if the US central bank waited too long to raise rates, it could be costly for the economy and that a possible rate hike ...

Markets - FXMM - Americas

Dollar weaken further on ambivalent Fed stance NEW YORK: The dollar again weakened against the euro, the yen and the British pound on Thursday as markets continued to absorb ambivalent signals from the US central bank.Towards 2100 GMT, the euro was at $1.1354, up from $1.1287, levels not seen since the fears created by Britain's June vote to exit the European Union. The dollar sank below the 100 yen mark, falling to 99.94 yen from 100.28. The pound was at $1.3170, up ...

Markets - FXMM - Americas

Latam currencies mostly firm after Fed minutes SAO PAULO: Most Latin American currencies strengthened on Thursday as higher oil prices and division in the Federal Reserve over whether to raise interest rates soon offset bullish comments by a US policymaker.The minutes of the US central bank's last policy meeting released on Wednesday showed that policymakers agree that more economic data is needed before tightening monetary policy.Many traders had expected a more direct sign that the Fed intended to increase rates later this ...