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Last update: Wed, 31 Aug 2016 05am

Americas

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 0.37 percent to $42.93 a barrel.At 9:23 a.m. EDT (1323 GMT), the Canadian dollar was trading at C$1.3016 to the greenback, or 76.83 US cents, much stronger than Tuesday's close of C$1.3123, or 76.20 US cents.The currency has regained all the ground it lost on Friday after a slump in domestic jobs and a record-wide trade deficit contrasted with a robust US jobs report.Its weakest level of the session was C$1.3122, while it touched its ...

Markets - FXMM - Americas

Dollar weakens as Treasury yields fall, Fed's Yellen in focus NEW YORK: The US dollar fell broadly on Wednesday as U.S. Treasury yields fell and investors waited on a speech by Federal Reserve Chair Janet Yellen later this month.The greenback gained after Friday's jobs report for July showed better-than-expected employment gains, raising expectations that a further rate increase this year is likely. It has since given back those gains."It's been a fairly broad trend of dollar selling this week," said Vassili Serebriakov, FX strategist at ...

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 ...

Markets - FXMM - Americas

Dollar remains buoyant following US jobs report NEW YORK: The dollar rose marginally against the euro, yen and British pound on Monday in largely tranquil currency markets.The movements followed last week's encouraging employment numbers from the US Labor Department, likely to feed speculation of a US interest rate hike this year.By 1800 GMT, the euro was down slightly at $1.1081 versus $1.1087 at 2100 GMT on Friday.The dollar also gained on the yen, rising to 102.49 yen from 101.79 on Friday, while ...

Markets - FXMM - Americas

Mexico, Colombia pesos firm on oil, risk appetite SAO PAULO: Currencies from Latin American crude exporters strengthened on Monday, with both the Mexican peso and the Colombian peso gaining over 1 percent.Prices of oil jumped nearly 3 percent on Monday amid speculation that major producers would try to limit output.Moreover, the global appetite for risky assets remained firm following Friday's solid US jobs report, boosting the Mexican and Colombian currencies.Many traders saw the figures as a sign of strength in the world's No. ...

Markets - FXMM - Americas

Dollar extends gains as strong jobs data raises rate-hike hopes NEW YORK: The US dollar extended gains against a basket of currencies on Monday after a stronger-than-anticipated jobs report for July on Friday raised expectations that the Federal Reserve is closer to raising interest rates. Nonfarm payrolls rose by 255,000 jobs in July, more than the Reuters forecast of 180,000 for the month, and wages picked up, with hiring broadly based across the sectors of the economy. The data helped offset concerns about sluggish economic ...

Markets - FXMM - Americas

C$ unchanged vs broadly stronger greenback as oil rallies TORONTO: The commodity-linked Canadian dollar was unchanged against its broadly firmer US counterpart on Monday as oil prices rallied and risk appetite improved.The Canadian dollar's steady performance against the greenback follows steep losses on Friday as a slump in domestic jobs and a record-wide Canadian trade deficit contrasted with a robust US jobs report.Oil rose after a report of renewed calls by some OPEC members to restrain output. US crude prices were up 1.84 percent ...