01192017Thu
Last update: Thu, 19 Jan 2017 05am

Americas

Markets - FXMM - Americas

Mexico peso rallies over 2pc, claws back from Trump tumble MEXICO CITY: Mexico's peso on Tuesday rallied for a second day, rebounding from a historic slump last week weakened by concerns US President-elect Donald Trump could crimp cross-border trade. The peso strengthened more than 2 percent to 20.2575 per dollar. Following Trump's election the currency hit a record low in its worst two-day slump since a 1995 devaluation. The peso gained about 0.8 percent on Monday after Trump softened some of his campaign rhetoric that had been directed at Mexico. But analysts expected the peso would continue to see volatile trading as investors try to decipher what policies Trump could enact as president."Investors seem more calm with the possibility that the Donald Trump administration could focus on increasing public spending, distancing itself from the protectionist rhetoric of the campaign," Gabriela Siller, an analyst at Mexican bank BASE, said in a client note. "However, it is too soon to make conclusions ...

Markets - FXMM - Americas

Mexico's peso weakens slightly in early trading on Monday MEXICO CITY: Mexico's peso weakened slightly in Monday morning trading, after the currency had its worst week since October 2008 with the victory of Donald Trump in the US election.The peso is the world's worst-performing currency this year, and hit record lows after the election of Trump, who has vowed to build a border wall with Mexico and renegotiate a key trade deal. The peso was erratic on Monday, switching from negative to positive territory, ...

Markets - FXMM - Americas

EMERGING MARKETS-Brazil real weakens for 4th day; Mexico peso up SAO PAULO: The Brazilian real weakened more than its peers on Monday as traders' concerns over the election of Donald Trump as US president drove investors to seek safer investments ahead of a local holiday.Other Latin American currencies were mixed after Trump softened his campaign pledges.Worries that heavy public spending could lead the US Federal Reserve to raise rates by more than expected triggered an emerging market selloff last week.The Brazilian real weakened 1 percent ...

Markets - FXMM - Americas

C$ hits new 8-month low as oil falls; Poloz speech awaited TORONTO: The Canadian dollar weakened to a fresh eight-month low against its US counterpart on Friday as oil prices fell, ahead of Bank of Canada Governor Stephen Poloz's first public comments since Donald Trump won the US presidential election.Trump has vowed to either renegotiate or scrap the North American Free Trade Agreement, under which Canada sends 75 percent of all its exports to the United States.Still, Canadian officials have said that Canada could fall back ...

Markets - FXMM - Americas

Mexico's peso continues to bleed after Trump victory MEXICO CITY: Mexico's peso pared losses on Friday after weakening nearly 4 percent overnight to a fresh record low over 21 pesos per dollar, with Donald Trump's shock US election win continuing to weigh and some forecasting further declines.The peso has become a lightning rod for market anxiety due to fears about the future of Mexican-US trade relations.Trump has vowed to build a border wall between Mexico and the United States, and threatened to rip ...

Markets - FXMM - Americas

C$ tumbles to 8-month low as Trump win threatens trade TORONTO: The Canadian dollar weakened sharply to an eight-month low against its US counterpart on Wednesday as uncertainty over Republican Donald Trump's election to the White House threatened Canada's trade-intensive economy.Trump has said he would renegotiate or scrap the North American Free Trade Agreement if elected."The uncertainty and the threat to tear up NAFTA are on net a mild negative for the currency (Canadian dollar) but there are certainly some small potential positives out there, ...

Markets - FXMM - Americas

Colombian peso, markets down after Trump victory BOGOTA: Colombian markets suffered in early trading on Wednesday after voters in the United States unexpectedly elected Donald Trump as president. The Trump victory prompted a market selloff in Latin America, including a more than 13 percent tumble in the Mexican peso. The Colombian peso was down 2.81 percent to 3,038 pesos to the dollar from Tuesday's closing figure of 2,955. The yield on Colombian treasury bonds, called TES, coming due in July 2024 rose ...