12042016Sun
Last update: Sun, 04 Dec 2016 01pm

Americas

Markets - FXMM - Americas

Euro edges higher against dollar on reduced Deutsche Bank fears NEW YORK: The euro recovered from a nine-day low against the US dollar on Friday on reduced concerns surrounding Deutsche Bank's health, while the greater calm over Germany's biggest lender pressured the safe-haven yen and Swiss franc. Deutsche Bank's US-listed shares were last up nearly 15 percent after touching record lows on Thursday.The immediate cause of the Deutsche crisis is a fine, disputed by the bank, of up to $14 billion by the US Department of Justice over its sale of mortgage-backed securities. An AFP news agency report that the bank was nearing a cut-price settlement of $5.4 billion helped the euro recover after the currency fell to a nine-day low of $1.1153 around the start of the US trading session."There seems to be reduced pessimism at least for the outlook for Deutsche," said Shaun Osborne, chief FX strategist, at Scotiabank in Toronto. He said the euro was finding strong ...

Markets - FXMM - Americas

Dollar falls against franc, pares gains vs yen on Deutsche Bank concerns NEW YORK: The US dollar hit a more than one-month low against the Swiss franc and trimmed gains against the yen on Thursday on concerns over Deutsche Bank, while increased expectations for a December Federal Reserve rate hike kept the greenback generally afloat. The franc and the yen, which are perceived to be safe-havens, benefited from the worries surrounding Germany's biggest lender. US-listed shares of Deutsche Bank, which is fighting a $14 billion US demand ...

Markets - FXMM - Americas

C$ weakens from near 1-week high, buoyed by OPEC deal TORONTO: The Canadian dollar fell back from a nearly one-week high against its US counterpart on Thursday as the buzz from a deal between major oil producers to limit output wore off and investors fretted about the health of Deutsche Bank.The slip for the loonie followed a 0.7 percent advance on Wednesday, its biggest in nearly four weeks, after the Organization of the Petroleum Exporting Countries agreed to limit crude output at its policy meeting ...

Markets - FXMM - Americas

C$ strengthens to nearly 1-week high, buoyed by OPEC deal TORONTO: The Canadian dollar strengthened to a nearly one-week high against its US counterpart on Thursday, buoyed by a deal by major oil producers to limit output.Gains for the loonie followed a 0.7 percent advance on Wednesday, its biggest in nearly four weeks, after the Organization of the Petroleum Exporting Countries agreed to limit crude output at its policy meeting in November.Oil prices stabilized as investors questioned whether the agreement to curb production would be ...

Markets - FXMM - Americas

US dollar slips against commodity currencies after OPEC deal NEW YORK: The US dollar hit a roughly five-month low against the Norwegian crown and fell against other commodity-linked currencies on Wednesday after OPEC sources told Reuters the producing group agreed to reduce its oil output. The agreement on Wednesday marked the first time the group cut its oil output since 2008. Two sources in the Organization of the Petroleum Exporting Countries said the group would reduce output to 32.5 million barrels per day from ...

Markets - FXMM - Americas

C$ strengthens the most in nearly 4 weeks as oil soars TORONTO: The Canadian dollar strengthened the most in nearly four weeks against its US counterpart on Wednesday as oil prices soared on a deal by major oil producers to limit output. US crude oil futures settled up $2.38 at $47.05 a barrel after sources told Reuters that the Organization of the Petroleum Exporting Countries has struck a deal to limit crude output at its policy meeting in November. The OPEC news gave the Canadian dollar ...

Markets - FXMM - Americas

C$ dips as boost from US presidential debate fades TORONTO: The Canadian dollar weakened slightly against its US counterpart on Wednesday despite higher oil prices as a boost from the US presidential debate faded.A view that Democratic US presidential candidate Hillary Clinton fared better than rival Donald Trump in a television debate supported Mexico's peso and the Canadian dollar on Tuesday. Both countries have strong trade ties to the United States.Trump has said he would renegotiate or scrap the North American Free Trade Agreement ...