05282016Sat
Last update: Sat, 28 May 2016 10am

Americas

Markets - FXMM - Americas

Dollar nurses losses against yen after BoJ holds policy steady NEW YORK: The US dollar pared losses against the yen on Thursday, but was still on track to notch its biggest daily loss against the Japanese currency in eight months, after US consumer spending data provided some optimism on the US economic outlook.The dollar was last down 2.6 percent against the yen at 108.54 yen after the Bank of Japan's surprise decision not to further ease monetary policy. The greenback's last level against the yen was up from its earlier 10-day low of 107.93 yen. The euro was last down 2.6 percent against the yen at 122.98 yen, also after hitting a 10-day low of 122.56 yen.Analysts said US data showing consumer spending increased at a 1.9 percent rate in the first quarter was better than some market participants were expecting and helped the dollar pare losses against the yen. "The numbers we got today were probably a bit better ...

Markets - FXMM - Americas

C$ strengthens to 9-month high as oil rallies TORONTO: The Canadian dollar strengthened to a nine-month high against its US counterpart on Wednesday as oil rose, while investor attention turned to the Federal Reserve interest rate announcement later in the session.The loonie has rallied more than 16 percent from a 12-year low in January of C$1.4689, helped by better-than-expected domestic economic activity, fiscal stimulus and rebounding oil prices.Oil prices on Wednesday reached their highest level of 2016, driven by a falling dollar and ...

Markets - FXMM - Americas

Dollar dips on expectations for dovish Fed policy statement NEW YORK: The US dollar was modestly weaker against most major currencies on Wednesday on expectations the Federal Reserve would strike a dovish tone in an afternoon policy statement, while the risk of a hawkish shift mitigated losses.The euro was last up 0.2 percent against the dollar at $1.1321 ahead of the scheduled 2 p.m. EDT (1800 GMT) release of the statement from the U.S. central bank's interest rate-setting committee. The dollar was also down ...

Markets - FXMM - Americas

Dollar weakens ahead of Fed rate decision NEW YORK:The dollar extended losses against the euro and pound Tuesday after disappointing US economic data helped cement expectations the Federal Reserve will leave interest rates unchanged the next day.US durable goods orders rose much less than expected in March, adding further evidence of weakness in the manufacturing sector. Consumer confidence in April unexpectedly fell, according to the closely watched Conference Board survey.The data came as the Federal Reserve opened a two-day monetary policy meeting. ...

Markets - FXMM - Americas

C$ strengthens as oil rallies; investors look to Fed TORONTO/OTTAWA: The Canadian dollar strengthened modestly against the greenback on Tuesday as oil prices rose, but the loonie stuck to a tight range as investors looked ahead to a rate decision from the Federal Reserve.Weaker-than-expected US data also weighed on the US currency, to the benefit of the Canadian dollar. Investors were betting that the Fed will strike a dovish tone in its policy statement to be released on Wednesday, but the uncertainty around the ...

Markets - FXMM - Americas

C$ strengthens as oil rallies; Poloz speech has little impact TORONTO: The Canadian dollar strengthened against its US counterpart on Tuesday as oil prices rose and weaker-than-expected US data weighed on the greenback, while a speech by Canada's central bank governor had little impact on the market.Global trade is likely to grow more slowly than it did in the past, but this should not be taken as a sign of an impending recession, Bank of Canada Governor Stephen Poloz said on Tuesday.Poloz didn't reveal anything ...

Markets - FXMM - Americas

Dollar falls broadly on expectations for dovish Fed NEW YORK: The US dollar weakened against major currencies on Tuesday after weaker-than-expected U.S. economic data reinforced views that the Federal Reserve would take a dovish stance in a policy statement Wednesday.The U.S. dollar index, which measures the greenback against a basket of six major currencies, was last down 0.44 percent at 94.418 after U.S. March durable goods orders and April consumer confidence data came in below the expectations of economists polled by Reuters.Tuesday's economic ...