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Last update: Sat, 01 Oct 2016 01am

Americas

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 rode optimism over potential producer action to prop up the market. US crude prices were up 0.57 percent to $46 a barrel.The US dollar fell against a basket of major currencies, pressured by a moderation in underlying inflation that could further diminish prospects of a Federal Reserve interest rate increase this year.At 9:28 a.m. EDT (1328 GMT), the Canadian dollar was trading at C$1.2859 to the greenback, or 77.77 US cents, stronger from Monday's close ...

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 ...

Markets - FXMM - Americas

Dollar weakens on declining Fed rate 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 US currency was 0.2 ...

Markets - FXMM - Americas

US dollar funding pressure eases a tad NEW YORK: The scramble among banks for US dollars cooled a bit on Monday as a closely watched gauge on what they charge each other to borrow greenbacks for three months posted its biggest single-day fall in more than seven weeks. The London interbank offered rate on three-month dollars , or Libor, had risen as some US prime money market funds have changed over to hold only government bonds, which are exempt from rules from ...

Markets - FXMM - Americas

C$ strengthens to 3-week high; pares gains as oil falls TORONTO: The Canadian dollar strengthened to a three-week high against its broadly weaker US counterpart on Wednesday, although gains were pared as crude oil fell.The US dollar fell against a basket of major currencies as investors awaited a speech by Federal Reserve Chair Janet Yellen later this month in the absence of new major economic reports that could provide signs of economic strength.Position squaring has dominated after the market bought the greenback following a robust ...