05032016Tue
Last update: Tue, 03 May 2016 11pm

Americas

Markets - FXMM - Americas

C$ weakens to 1-week low, losses pared after data TORONTO: The Canadian dollar weakened to a one-week low against its US counterpart on Wednesday as markets braced for a Federal Reserve interest rate decision, but losses were pared as oil prices rose and after firm domestic data.The US dollar climbed against a basket of major currencies, briefly extending gains after underlying US inflation increased more than expected in February.The US Federal Reserve is expected to hold interest rates steady as it balances continued concerns about the health of the global economy with fresh signs that domestic inflation is starting to rear its head.Canadian manufacturing sales rose 2.3 percent in January, far more than expected, while sales volumes reached their highest since before the 2008-2009 recession, data from Statistics Canada showed.Expiring currency hedges may give exporters a competitive edge.Oil prices firmed on an announcement that producers will meet next month in Qatar to discuss a proposal to freeze output and ...

Markets - FXMM - Americas

Dollar edges up after solid US data as investors await Fed NEW YORK: The dollar rose broadly on Wednesday, moving in a tight range after solid US economic data, as investors positioned for fresh guidance from the Federal Reserve on when U.S. interest rates are likely to rise.U.S. core inflation increased more than expected in February, and U.S. housing starts beat expectations for the month, which strengthened the dollar against major rivals. But the moves were subdued as investors expected the data would have little to ...

Markets - FXMM - Americas

C$ weakens to a nearly one-week low as oil prices fall TORONTO/OTTAWA: The Canadian dollar weakened against the greenback on Tuesday, hitting a nearly one-week low as crude oil prices fell and investors braced for a policy decision from the US Federal Reserve on Wednesday.Oil prices slid for a second day.US crude prices settled down 84 cents at $36.34 a barrel. Global risk aversion added to the headwinds for the commodity-related currency after the Bank of Japan painted a bleaker picture of the Japanese economy."We're really ...

Markets - FXMM - Americas

C$ weakens to a nearly one-week low as oil prices fall TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday, hitting a nearly one-week low as crude oil prices fell and investors braced for a policy decision from the US Federal Reserve on Wednesday.Oil prices slid for a second day as concerns emerged that a six-week rally may have fizzled after OPEC doused hopes for a speedy erosion of a global overhang of unwanted crude.US crude prices were down 1.34 percent to $36.68 a ...

Markets - FXMM - Americas

Loonie weaker as oil slips, Fed looms TORONTO/OTTAWA: The Canadian dollar weakened against its US counterpart on Monday as crude oil slipped back below $40 a barrel and investors braced for policy decisions from the US Federal Reserve and other central banks.Oil fell around 3 percent after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment to the market over a supply glut that has sent prices crashing.The Canadian dollar, which is highly sensitive to the price ...

Markets - FXMM - Americas

Dollar up as ECB hangover continues, emerging markets fall NEW YORK: The dollar rose against the euro and other European currencies on Monday as investors booked profits from a surge that followed European Central Bank President Mario Draghi's suggestion last week that the bank may not continue easing monetary policy. The euro zone currency posted its largest gain in a month after Draghi's remarks last Thursday, but has since given up ground against the dollar. Investors now turn their attention to the US Federal ...

Markets - FXMM - Americas

Dollar rises in tight trading as central banks take focus NEW YORK: The dollar rose on Monday in tight trading, adding to Friday's gains against the euro and other European currencies as investors pursued riskier European assets and awaited a packed slate of upcoming central bank meetings this week. After last week's trading that saw the continental currency move in its largest range since December and matching any of its most volatile days in the past five years, Monday morning's moves were generally muted. "It ...