07252016Mon
Last update: Mon, 25 Jul 2016 09am

Americas

Markets - FXMM - Americas

Dollar plummets against yen on G7 meeting, Japanese data NEW YORK: The US dollar tumbled nearly 1 percent against the yen on Monday on Japanese trade data and Washington's resistance to currency intervention by Tokyo, but was little changed against the euro as investors awaited fresh US economic data. The dollar was last down 0.86 percent at 109.19 yen, near a session low, after data showing Japan logged a trade surplus for the third consecutive month. The dollar was set for its biggest daily percentage decline against the yen in more than three weeks. Besides the trade data, a Group of Seven finance ministers' meeting concluded on Saturday with the United States warning Japan against intervening to weaken the yen, a rift that is perceived as preventing Tokyo from acting. "You had no firm resolution coming from G7 with respect to the potential for intervention from the Bank of Japan, which makes people a little bit more comfortable in ...

Markets - FXMM - Americas

Dollar gains against euro on Fed comments, slips against yen NEW YORK: The US dollar gained against the euro on Monday after Federal Reserve officials made hawkish remarks on monetary policy, while the dollar slipped against the yen on Japanese trade data and U.S. resistance to currency intervention from Tokyo.The euro was last down 0.29 percent against the dollar at $1.1190. San Francisco Fed President John Williams said on Monday that the central bank would probably tighten policy a bit quicker in 2017 than this ...

Markets - FXMM - Americas

Dollar edges higher on rate hike talk; pound strengthens NEW YORK: More talk that the Federal Reserve could raise US interest rates as soon as June helped push the dollar higher against the euro Thursday.But after Wednesday's strong gain, the greenback only added about 0.1 percent, rising to $1.1203 per euro.On Thursday, one of the most dovish members of the Federal Reserve's policy board, William Dudley, expressed confidence in the economy and reiterated that a rate increase will be on the table in the ...

Markets - FXMM - Americas

Latam currencies, stocks down as Fed rate hike looms SAO PAULO: Latin American stocks and currencies fell on Thursday after US Federal Reserve policy minutes revived bets on an interest rate increase as soon as next month.The minutes of the US central bank's April meeting showed officials believed a June hike would be warranted if data suggests faster growth, rising inflation and solid employment.Higher US interest rates would in turn raise borrowing costs in emerging markets.Weakness in commodities including iron ore also weighed on ...

Markets - FXMM - Americas

Dollar up slightly vs euro, franc after mixed Fed messages NEW YORK: The US dollar rose slightly against the euro and Swiss franc on Thursday after the president of the New York Federal Reserve said the central bank was on track for a rate hike in June or July, but the greenback slipped against the safe-haven yen on risk aversion.The euro was last down 0.11 percent against the dollar at $1.1204 after the comment from William Dudley, who also said there was a strong sense ...

Markets - FXMM - Americas

Dollar surges on bullish Fed minutes NEW YORK: The dollar jumped Wednesday after the minutes to the Federal Reserve's end-April meeting showed the central bank far more bullish about a possible June rate hike than markets had understood.Markets had dismissed a June rate hike as a 5 percent possibility just last week, but rate derivatives indicated that chance jumped to about 34 percent after the minutes were released.Short-term Treasury bond yields surged and the dollar jumped 0.8 percent to $1.1218 against ...

Markets - FXMM - Americas

Mexico peso hits 3-month low, market expects more intervention MEXICO CITY: Mexico's peso slumped to a three-month low on Wednesday, with the speed of its recent tumble sparking speculation the central bank could soon intervene to try and cushion the currency's fall. The peso sank as much as 0.9 percent to 18.4510 per dollar, its weakest since February. The peso has lost nearly 7 percent this month, making it the second worst performer among the world's 36 most-traded currencies, behind the South African rand. ...