05052016Thu
Last update: Thu, 05 May 2016 05pm

Americas

Markets - FXMM - Americas

Dollar rises as Brussels attacks weaken European currencies NEW YORK: The dollar rose on Tuesday as the euro and sterling weakened following attacks in Brussels that left at least 34 dead, weighing on investor risk sentiment and bolstering the view that Britain was more likely to vote to exit the European Union.Sterling fell by more than 1 percent to its lowest level in a week. Analysts said the attacks on Brussels airport and a rush-hour metro train were likely to strengthen the case for those pushing for Britain to leave the EU in a June referendum."The attack in Brussels, on the back of terrorist attacks in Turkey over the weekend ... is bad news for the U.K., because it plays into the hands of those who want to leave, thinking that somehow if they leave they're safe," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman."Brussels makes people think about their borders and immigration."European shares ...

Markets - FXMM - Americas

C$ eyes budget, pares losses hit after Brussels attacks TORONTO: The Canadian dollar pared losses against its US counterpart on Tuesday from a session low hit after deadly blasts in Brussels, with the market bracing for a federal budget announcement expected to include significant fiscal stimulus.The explosions in the Belgian capital pushed investors towards the safety of gold and government bonds, while oil prices seesawed.At 9:24 a.m. EDT (1354 GMT), the Canadian dollar was trading at C$1.3098 to the greenback, or 76.35 US cents, ...

Markets - FXMM - Americas

Dollar rises as Fed officials put April in play for rate hike NEW YORK: The dollar edged up on Monday after multiple Federal Reserve officials in separate appearances sounded a hawkish tone, suggesting U.S. interest rate increases were a "live" possibility at the central bank's upcoming meeting in April.The U.S. central bank surprised investors last week by lowering its outlook for rate increases in 2016 and sounded a note of caution on the fragile global economy. That triggered heavy selling from traders betting on a stronger dollar.On ...

Markets - FXMM - Americas

Dollar rises as market moves past dovish Fed rate views NEW YORK: The dollar edged up on Monday, bouncing back from a more than 1 percent loss against major currencies last week as investors shook off dovish statements from the Federal Reserve.A slide in sterling on rising 'Brexit' fears also buoyed the dollar.Monday's move higher in the dollar added to Friday's gains that followed a two-day selloff in the greenback. The rally was prompted by the Fed reducing its rate hike outlook for the year ...

Markets - FXMM - Americas

C$ strengthens to nearly 5-mth high as greenback tumbles, oil rallies TORONTO: The Canadian dollar strengthened to a nearly five-month high against its US counterpart on Thursday as expectations for Federal Reserve rate hikes were scaled back and the oil market rally extended further.The US dollar tumbled against a basket of major currencies after the Federal Reserve said on Wednesday it now expects just two quarter-point rate hikes this year, not four.Oil prices rose, bolstered by a plan among some of the world's biggest producers to ...

Markets - FXMM - Americas

Dollar weakens further after Fed's retreat; yen rises NEW YORK: The dollar tumbled against major currencies on Thursday, falling around 1 percent against the euro, yen and Swiss franc, as markets sold off in reaction to Wednesday's dovish statement from the Federal Reserve.The dollar was notably volatile against the yen, moving sharply lower before snapping back, rising a full yen during the U.S. session from a level weaker than 111. However, the greenback weakened once again and was last down 1 percent at ...

Markets - FXMM - Americas

Dollar sinks as Fed forecasts slower rate hikes NEW YORK: The dollar dived Wednesday after the Federal Reserve forecast a slower path for future rate hikes and cut its growth outlook for the US economy.The Fed's policy arm, the Federal Open Market Committee, concluded a two-day meeting with a statement announcing the benchmark federal funds rate would remain at 0.25-0.5 percent, where it was set in December.The rate decision was expected, but the overall tone of the FOMC statement, citing the impact of ...