08262016Fri
Last update: Fri, 26 Aug 2016 01am

Americas

Markets - FXMM - Americas

Dollar weakens against yen before Fed, BoJ meetings NEW YORK: The dollar weakened against the yen on Monday ahead of the US Federal Reserve's meeting on Tuesday and Wednesday, and a Bank of Japan meeting on Friday. The dollar had gained against major currencies in recent weeks as better-than-expected economic data revived expectations that the Fed would raise interest rates again this year. Japanese and European central banks, by contrast, are seen as adopting more stimulative policies to stave off deflation and generate growth. The Bank of Japan may, however, underwhelm investors this week as it faces dwindling options to reboot the country's economy, analysts said. "The risk is that the market's disappointed in one fashion or another with the BOJ," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York. "Expectations are strong enough that if they don't do anything, the yen's going to strengthen." The greenback weakened 0.24 percent to 105.81 ...

Markets - FXMM - Americas

Dollar steady before US Fed, Bank of Japan meetings NEW YORK: The dollar was steady against the euro and yen on Monday as investors look ahead to central bank meetings with the U.S. Federal Reserve due to conclude a two-day meeting on Wednesday and the Bank of Japan due to meet on Friday.The dollar has gained against major currencies in recent weeks as better-than-expected economic data revives expectations that the Fed will raise interest rates again this year.At the same time, Japanese and European ...

Markets - FXMM - Americas

C$ edges higher as firm domestic data offsets lower oil prices TORONTO: The Canadian dollar edged higher against its US counterpart on Thursday as stronger-than-expected domestic wholesale trade offset lower oil prices.The value of Canadian wholesale trade surged by 1.8 percent in May from April, led by the motor vehicle and auto parts subsector, Statistics Canada said. In volume terms sales rose by 1.5 percent.The US dollar pared some recent gains against a basket of major currencies as Bank of Japan chief Haruhiko Kuroda said the ...

Markets - FXMM - Americas

Dollar drops vs yen as BOJ's Kuroda plays down 'helicopter money' NEW YORK: The dollar slipped from a six-week high against the yen on Thursday after Bank of Japan chief Haruhiko Kuroda said the bank saw no need to stimulate the economy with "helicopter money."After falling by 1 percent against the Japanese currency following the comment in a BBC Radio 4 interview, the dollar pared its losses as the overall theme of dollar strength against other major currencies began to reappear.Investors had been betting on an ...

Markets - FXMM - Americas

Yen falls but euro steady vs dollar ahead of ECB meeting NEW YORK: The yen continued to fall Wednesday while the euro held steady against the dollar ahead of the European Central Bank's policy meeting. Adding to a nine-day slide, the yen fell another 0.7 percent to 106.87 to the dollar, and a similar 0.7 percent against the euro, at 117.72 yen.The Japanese currency has lost about six percent on the dollar since July 8, due both to relative weakness in the Japanese economy and a ...

Markets - FXMM - Americas

C$ weakens to 1-week low as oil prices fall TORONTO: The commodity-linked Canadian dollar weakened to a one-week low against its US counterpart on Wednesday as oil fell and the International Monetary Fund (IMF) cut its global growth forecasts.Oil prices declined as investors awaited a clearer signal from weekly US crude inventory data on whether a glut was easing in the world's largest oil-consuming nation. US crude prices were down 1.70 percent to $43.89 a barrel.At 9:26 a.m. EDT (1326 GMT), the Canadian dollar ...

Markets - FXMM - Americas

Latam currencies slip on global growth concerns SAO PAULO: Latin American currencies weakened on Tuesday as renewed concerns over global growth triggered profit-taking following a weeks-long rally.Traders cited a drop in German investor sentiment as well as a downward revision in the International Monetary Fund's estimates for global growth, both prompted by Britain's decision to leave the European Union.Worries that the US Federal Reserve could increase rates this year if financial markets remain calm also drove investors to sell emerging market assets, ...