01182017Wed
Last update: Wed, 18 Jan 2017 10am

Americas

Markets - FXMM - Americas

Dollar heads for third weekly gain as US rate rise bets firm LONDON: The dollar was on course for its third consecutive week of gains against the basket of currencies used to measure its broader strength on Friday, driven to an eight month high by hardening expectations of a rise in interest rates in December. In a year where investors have never really got close to fully pricing in a move, short-term US rates now put a 75 percent probability on the Federal Reserve raising official borrowing costs for only the second time in more than a decade. After a blip in the first half of this week, comments by New York Fed President William Dudley and Donald Trump's failure to register a big win in Wednesday's presidential debate has hardened that view, fueling another surge for the greenback. European Central Bank chief Mario Draghi's quashing of speculation it was already considering how to wind down bond purchases when the time comes ...

Markets - FXMM - Americas

C$ falls to 1-week low pressured by lower oil price TORONTO: The Canadian dollar fell to a 1-week low against its broadly firmer US counterpart on Thursday, pressured by lower oil prices and the Bank of Canada's more dovish tone.The loonie's losses occurred a day after Bank of Canada policymakers said they had considered adding more monetary stimulus and that export weakness could be harder to turn around than they had thought.It was "another down day for the Canadian dollar," as oil fell and as ...

Markets - FXMM - Americas

As Trump fears fade, other risks for Mexican peso come to fore MEXICO CITY: Mexico's peso has largely overcome the prospect of a victory by US Republican presidential candidate Donald Trump, but concerns about weak growth, an oil price funk and ballooning debt will limit further gains, economists said on Thursday. The peso surged back around 7 percent from a record low hit last month as Hillary Clinton gained in opinion polls, but it was little changed after last night's third and final debate between the rivals, ...

Markets - FXMM - Americas

C$ weakens to nearly 1-week low as oil pulls back TORONTO: The Canadian dollar weakened to a nearly 1-week low against its US counterpart on Thursday as US crude oil pulled back from a 15-month high and investors weighed the Bank of Canada's more dovish tone.Losses for the loonie came one day after Bank of Canada policymakers said they had considered adding more monetary stimulus and that export weakness could be harder to turn around than they had thought.US crude prices dropped 1.92 percent to ...

Markets - FXMM - Americas

Euro drops to four-month lows on dovish Draghi comments NEW YORK: The euro fell to a four-month low against the US dollar on Thursday, and helped the US dollar index rise to a seven-month highs, after European Central Bank President Mario Draghi said the bank did not discuss ending bond purchases. The ECB did not discuss at its latest meeting either ending its asset-buying program or extending it, Draghi said. "Draghi pushed back strongly against the idea that they could discuss tapering or adjusting ...

Markets - FXMM - Americas

Euro weakens against dollar before ECB meeting NEW YORK: The euro weakened against the US dollar on Wednesday, a day before the European Central Bank is due to meet, with investors focused on whether ECB President Mario Draghi will give any indications that the central bank will begin tapering its bond purchase program. The ECB may discuss technical changes to its asset-buying scheme but a decision could be deferred until December when the bank will also decide whether to extend the scheme ...

Markets - FXMM - Americas

C$ strengthens ahead of Bank of Canada decision as oil rises TORONTO: The Canadian dollar strengthened against its US counterpart on Wednesday as oil rose, but gains were restrained as investors braced for the Bank of Canada interest rate decision.The central bank on Wednesday is expected to hold interest rates at 0.50 percent as it waits to see how the economic bounce-back it is anticipating in the second half of the year unfolds. Analysts will look to see if the central bank trims its economic forecasts.US ...