07272016Wed
Last update: Wed, 27 Jul 2016 06am

Americas

Markets - FXMM - Americas

Dollar rises vs yen as Yellen dampens rate hike signal NEW YORK: The dollar rose against the yen Monday, as Federal Reserve Chair Janet Yellen signaled caution about raising interest rates following the disappointing May jobs report.Friday's shock employment report, showing the lowest job growth in nearly six years, was "concerning," Yellen said at an event in Philadelphia, though stressing her confidence that the economy remains in good health.If the jobs market continues to strengthen and prices pick up, "further gradual increases in the federal funds rate are likely to be appropriate," she said.The dollar gained 0.9 percent at 107.57 yen. The greenback, after a brief rise to $1.1326 per euro, slipped back to $1.1355, paring its losses from Friday.Less than two weeks ago, Yellen said that the US economy was improving enough to support a hike "probably in the coming months." She and other Fed officials had indicated a hike could come in June or July.Kathy Lien, head of ...

Markets - FXMM - Americas

Euro slips on ECB's cautious view, oil reverses losses NEW YORK: The euro declined on Thursday on the European Central Bank's cautious economic outlook, while oil prices recovered on a drop in US crude inventories, erasing losses on OPEC's failure to reach a deal to set an output ceiling. The crude market rebound lifted Wall Street and European stocks out of the red, removing the earlier sting from a 2 percent slump in Japanese shares. US and German government bond prices firmed on safe-haven ...

Markets - FXMM - Americas

Euro slips on ECB's cautious view, oil reverses losses NEW YORK: The euro declined on Thursday on the European Central Bank's cautious economic outlook, while oil prices recovered on a drop in US crude inventories, erasing losses on OPEC's failure to reach a deal to set an output ceiling. The crude market rebound lifted Wall Street and European stocks out of the red, removing the earlier sting from a 2 percent slump in Japanese shares. The Standard & Poor's 500 index closed at its ...

Markets - FXMM - Americas

Dollar firms vs euro ahead of US jobs report NEW YORK: The dollar firmed against the euro Thursday ahead of the May US jobs report that could tip the Federal Reserve toward an interest rate hike this month or in July.After a spate of hawkish comment from Fed officials recently, the markets have priced in the risk of a Fed rate hike in the coming months."For the prospect of a June or July move by the Fed to remain on the table, upcoming data, ...

Markets - FXMM - Americas

Dollar hits more than 2-week low vs yen, rises vs euro after ECB NEW YORK: The dollar fell to its lowest against the yen in more than two weeks on Thursday, weighed down by uncertainty over whether the US Federal Reserve will raise interest rates this summer and a loss of risk appetite from investors as oil and world stock prices fell. A weaker-than-expected ADP National Employment Report showed private payrolls increased by 173,000 last month, missing estimates of 175,000 new jobs expected by economists surveyed by Reuters. ...

Markets - FXMM - Americas

Mexico peso weakens to 3-mth low as oil falls SAO PAULO: Latin American currencies mostly weakened on Wednesday on the back of lower commodity prices, with the Mexican peso nearing levels which triggered central bank intervention earlier this year.The peso fell as low as 18.6225 per US dollar, the weakest since Feb. 17, when the central bank sold dollars directly to banks and unexpectedly raised its benchmark interest rate to fight off currency speculators.Wednesday's move came as prices of crude, a key export and ...

Markets - FXMM - Americas

Yen rises on tax hike delay; Brexit worries pummel pound NEW YORK: The yen rose Wednesday, buoyed by Japan's delay of a sales tax rise, and the pound fell over uncertainty about whether Britain will vote to stay in the European Union.Japan's prime minister, Shinzo Abe, gave the yen a boost with his decision to postpone to 2019 a long-planned sales tax increase amid fears it would hurt the limping economy.The yen surged 1.1 percent against the dollar to 109.53 around 2100 GMT, and was ...