09302016Fri
Last update: Fri, 30 Sep 2016 11am

Americas

Markets - FXMM - Americas

Pound gains but rand plunges on finance minister probe NEW YORK: The British pound edged higher on the dollar Tuesday but South Africa's rand plunged after Finance Minister Pravin Gordhan was summoned by police.The pound gained after eurozone purchasing manager data for August, while not stellar, suggested little impact so far from the British vote in June to pull out of the European Union.Sterling rose to $1.3194, its best level on the greenback since August 4, and to 85.70 pence against the euro.The rand gave up 3.0 percent to 14.00 to the dollar as the summon for Gordhan, believed related to his work as Revenue Service commissioner, raised fears that he could be forced from the finance minister job.After being moved from the finance portfolio in 2014 amid testy relations with President Jacob Zuma, Gordhan was restored to the job early this year as the country's lack of solid economic leadership took a heavy toll in the markets.The dollar ...

Markets - FXMM - Americas

C$ strengthens as oil rallies, stocks advance TORONTO: The commodity-linked Canadian dollar firmed against its US counterpart on Tuesday as oil rallied and stocks edged higher.Oil rallied after Reuters reported that Iran was sending positive signals that it may support joint OPEC action to prop up the market. US crude oil futures settled up 69 cents at $48.10 a barrel.The oil-related news helped push the Canadian dollar through resistance around C$1.2900, although it pared some gains as the market turned its attention ...

Markets - FXMM - Americas

C$ strengthens as Fed doubts offset lower oil prices TORONTO: The risk-sensitive Canadian dollar strengthened against its US counterpart on Tuesday as skepticism that the Federal Reserve will hike interest rates this year and gains in world shares offset a drop in oil prices.The US dollar dipped against a basket of major currencies amid doubts Fed Chair Janet Yellen will be able to convince financial markets in a speech later this week that she can steer a divided US central bank to raise interest ...

Markets - FXMM - Americas

Latam currencies down on strong US data ahead of Yellen speech SAO PAULO: Latin American currencies slipped on Tuesday following strong US housing data, but caution prevailed ahead of Fed Chair Janet Yellen's speech on Friday.New US single-family home sales unexpectedly reached a nearly nine-year high in July, offering additional support to growing expectations of a US rate hike this year.Traders have been anxiously awaiting Yellen's remarks at the annual central bankers meeting in Jackson Hole, Wyoming, for clues over the timing of a rate increase.Recent ...

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 ...

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 ...