02142016Sun
Last update: Sun, 14 Feb 2016 10am

Americas

Markets - FXMM - Americas

Mexico peso, Brazil real gain but China worries linger SAO PAULO: The Mexican peso and the Brazilian real strengthened on Monday after heavy losses last week, but concerns lingered about erratic currency policy in China.The Chinese central bank let the yuan rise for the second day in a row after allowing the currency to post its biggest loss in five months less than a week earlier.Traders had interpreted the slide in the yuan as a sign of wider economic weakness in the world's second biggest economy. Chinese stocks tumbled on Monday as confused investors tried to parse policymakers' intent."The Chinese refuse to fix things," said Pedro Tuesta, an economist with 4Cast Inc in Washington D.C. "The Mexican peso is having a technical rebound, but with oil prices down we should expect a test to 18 per dollar soon."The Mexican peso strengthened about 0.6 percent to 17.8 per dollar after hitting a record low on Friday. The move came even ...

Markets - FXMM - Americas

C$ rises despite weaker crude oil, drop in housing starts TORONTO: The Canadian dollar rallied against its US counterpart on Monday despite weakening crude oil prices and a sharp drop in housing starts, as stabilization in US and European stocks helped support risk-sensitive commodity currencies.The loonie, as Canada's currency is colloquially known, hit a fresh 12-year low earlier in the session as Chinese stocks tumbled again. However, China guided its yuan currency higher, and offshore it surged against the dollar. Last weak China allowed its ...

Markets - FXMM - Americas

Mexican peso rises 0.78pc after US employment data MEXICO CITY: The Mexican peso rose 0.78 percent in early trading on Friday, after data showed US job growth surged in December and employment for the prior two months was revised sharply higher. The peso, which has been trading at record lows on uncertainty in Chinese markets and the low global oil price, traded at 17.71 pesos per dollar in early trading. Copyright Reuters, 2016 ...

Markets - FXMM - Americas

Dollar climbs further on US Dec payrolls data NEW YORK: The dollar added gains broadly on Friday as a much stronger-than-expected rise in US payrolls in December revived expectations the Federal Reserve raise interest rates by the end of the first quarter. The US Labor Department said nonfarm payrolls grew by 292,000 last month, compared with an 200,000 increase forecast among analysts polled by Reuters. The jobless rate held steady at a 7-1/2-year low of 5 percent even as more people entered the ...

Markets - FXMM - Americas

C$ steadies against greenback, firms against euro after jobs data TORONTO: The Canadian dollar held its own against a broadly stronger US dollar on Friday after domestic and US data both showed solid jobs growth, while a rebound in China's major stock indexes helped sentiment and crude oil prices rose.Canada added a greater-than-expected 22,800 jobs in December, in part making up for heavy losses in the previous month, while the unemployment rate stayed at 7.1 percent."The story of resilient Canadian job markets generally continues, but ...

Markets - FXMM - Americas

C$ recovers from 12-year low as Poloz leaves rate cut doubt TORONTO: The Canadian dollar recovered from a fresh 12-year low against its US counterpart on Thursday after a speech by Bank of Canada Governor Stephen Poloz left doubt about a rate cut and oil prices rebounded from nearly 12-year lows.The latest tumble in crude oil prices and the loss of momentum in the Canadian economy has led to speculation that Canada's central bank will cut interest rates. But some analysts said Poloz's speech and subsequent ...

Markets - FXMM - Americas

Euro jumps vs dollar on Wall Street selloff NEW YORK: The euro jumped against the dollar on Thursday as growing losses on Wall Street led investors, who had held euro-funded positions in which the low-yielding currency is borrowed and sold in favor in higher-yielding ones, to buy back the euro.Major U.S. stock indexes fell more than 2 percent on worries about the Chinese economy and falling oil prices.The euro was up more than 1 percent against the greenback at $1.0896 ; it hit ...