07252016Mon
Last update: Mon, 25 Jul 2016 01pm

Americas

Markets - FXMM - Americas

Argentina's peso firms to 4-month high as farmers seek pesos BUENOS AIRES: Argentina's peso climbed to a four-month high on Friday as farmers sought to exchange dollars received from the sale of their soy harvest for pesos, despite efforts by the central bank to limit the currency's climb. The peso closed at 13.91 per dollar, up 0.65 percent over Thursday's close and strenthening 0.86 percent this week. Center-right President Mauricio Macri allowed the peso to float after taking office in December, spurring a slide in the curreny to 15.76 per dollar in Febuary. But the soy harvest, a deal with holdout investors who had refused debt restructurings after a record 2002 default and declining interest rates have helped the peso firm to current levels. Copyright Reuters, 2016 ...

Markets - FXMM - Americas

Euro gains on dollar for second day NEW YORK: The euro pushed higher against the US dollar for a second day Thursday even as odds appeared to rise for a Federal Reserve rate hike in the next few months.The euro's gain remained modest. The common currency bought $1.1194, up from $1.1154 Wednesday.The greenback also slipped to 109.76 yen from 110.21 yen.The picture for higher US rates rose as better-than-expected data on the US industrial sector, home building and the jobs market combined ...

Markets - FXMM - Americas

C$ firms to 1-week high; implied vol hits lowest in 4 months TORONTO: The Canadian dollar strengthened to a one-week high against its US counterpart on Thursday as oil moved briefly above $50 a barrel, while the market's expectation of future volatility for the currency fell to its lowest in four months.US crude oil futures traded above $50 for the first time since October before settling at $49.48 a barrel, down 8 cents.The move in oil triggered "huge desire" to cover short positions in the Canadian dollar, ...

Markets - FXMM - Americas

Dollar slips after US data dampen Fed rate hike bets NEW YORK: The US dollar fell against the euro, yen, and franc on Thursday after US economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July. The Commerce Department said orders for long-lasting US manufactured goods surged 3.4 percent last month after increasing 1.9 percent in March. Economists polled by Reuters had forecast durable goods orders rising only 0.5 percent last month. But non-defense ...

Markets - FXMM - Americas

C$ strengthens to a 1-week high as oil breaches $50 a barrel TORONTO: The Canadian dollar strengthened to a one-week high against its US counterpart on Thursday as oil moved above $50 a barrel for the first time in nearly seven months.US crude prices were up 0.93 percent to $50.02 a barrel, helped by signs that a global supply glut that has plagued the market for nearly two years is easing.The loonie's gains come one day after the Bank of Canada was less dovish than some investors ...

Markets - FXMM - Americas

Dollar slips after US data dampen Fed rate hike bets NEW YORK: The US dollar fell against the euro, yen, and franc on Thursday after US economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July.The Commerce Department said orders for long-lasting US manufactured goods surged 3.4 percent last month after increasing 1.9 percent in March. Economists polled by Reuters had forecast durable goods orders rising only 0.5 percent last month.But non-defense capital goods ...

Markets - FXMM - Americas

C$ firms with oil ahead of Bank of Canada rate decision TORONTO: The Canadian dollar edged higher against its US counterpart on Wednesday as oil prices and stocks rose, while the market braced for an impending interest rate announcement by the Bank of Canada.Oil rose towards $50 a barrel for the first time in seven months after industry data showed a sharp fall in US inventories. US crude prices were up 1.25 percent at $49.23 a barrel.Adding to support for risk-sensitive commodity-linked currencies such as the ...