09292016Thu
Last update: Thu, 29 Sep 2016 09pm

Americas

Markets - FXMM - Americas

Dollar rebounds slightly ahead of Fed minutes NEW YORK: The US dollar recovered slightly on Wednesday as traders took profits on Tuesday's gains in the euro, yen and Swiss franc, and on expectations that the Federal Reserve could strike a hawkish tone in meeting minutes to be released later in the session.The US dollar rebounded from more than seven-week lows against those three currencies, while expectations that the Fed could elaborate on a comment made in the central bank's July meeting statement that near-term risks to the US economic outlook had diminished also helped the dollar.Analysts said such an elaboration could be perceived as a hint that a Fed rate increase this year is still possible. Federal funds futures on Wednesday implied traders saw a greater than 50 percent chance of a rate hike by the end of the year, according to CME Group's FedWatch program.The Fed is set to release the minutes at 2:00 p.m. ET ...

Markets - FXMM - Americas

Dollar lower as US economic data fails to excite NEW YORK: The dollar fell Tuesday against the euro, the yen and the British pound as fresh data out of Washington drew an uneven picture of the US economy.Toward 2100 GMT on Tuesday, the euro at $1.1276, up from $1.1183 on Monday. The dollar fell to 100.30 yen, down from 101.25 and the pound rose to $1.3044, up from $1.2883.The softening of the dollar largely preceded disclosures on Tuesday from the Federal Reserve as well ...

Markets - FXMM - Americas

Latam currency gains ease on US rate hike concerns SAO PAULO: Latin American currencies gave back some gains on Tuesday after an influential US Federal Reserve policymaker said US interest rates could rise as soon as next month.In an interview with Fox Business Network, William Dudley, president of the Federal Reserve Bank of New York, said, "It's possible" to raise rates at the US central bank's next policy meeting on Sept. 20-21, given signs of labor market tightening.Traders reacted by expanding bets on policy ...

Markets - FXMM - Americas

C$ strengthens to 7-week high against weaker greenback TORONTO: The Canadian dollar strengthened to a seven-week high against its broadly weaker US counterpart on Tuesday as oil rose and domestic data showed a rebound in factory sales.Canadian factory sales increased 0.8 percent in June from May as sales of machinery and transportation equipment grew, according to Statistics Canada data. Economists had expected a 0.7 percent increase after sales fell 1 percent in May.Oil rose to its highest in one month as the market ...

Markets - FXMM - Americas

Dollar edges off lows after Fed's Dudley raises bets on rate hike NEW YORK: The US dollar hit its lowest levels in more than seven weeks against the euro, yen and Swiss franc on Tuesday a day after dovish comments from a top Federal Reserve official, but pared losses after remarks from the head of the New York Fed raised expectations for a rate hike this year.The dollar hit its lowest levels against those three currencies since June 24, or the day after Britain voted to exit ...

Markets - FXMM - Americas

C$ at strongest in a month as oil rallies TORONTO: The commodity-linked Canadian dollar strengthened to a one-month high against its US counterpart on Monday as oil prices rose and sluggish US data tempered expectations of a Federal Reserve interest rate hike this year.Oil prices rose to their highest in five weeks as speculation intensified about potential producer action to support prices in an oversupplied market. US crude settled up 2.8 percent at $45.74 a barrel."The bounce in oil here is maybe catching people ...

Markets - FXMM - Americas

Dollar slips on declining Fed hike expectations NEW YORK: The dollar fell against a basket of currencies on Monday, undermined by recent soft US economic data that tempered expectations of a Federal Reserve interest rate hike this year. The dollar, which has fallen in four of the last five trading sessions, also slipped against the yen, a trend that has been in place for much of this year, with investors generally underwhelmed by Japan's recent stimulus measures.The dollar index was down 0.1 ...