01202017Fri
Last update: Fri, 20 Jan 2017 09pm

Americas

Markets - FXMM - Americas

Euro weakens against dollar before ECB meeting NEW YORK: The euro weakened against the US dollar on Wednesday, a day before the European Central Bank is due to meet, with investors focused on whether ECB President Mario Draghi will give any indications that the central bank will begin tapering its bond purchase program. The ECB may discuss technical changes to its asset-buying scheme but a decision could be deferred until December when the bank will also decide whether to extend the scheme beyond March, sources familiar with the discussion said last week. "Ahead of the ECB there's a little bit of lightening up of the euro. There's some focus on the possibility that Draghi will push back very aggressively against recent talk of tapering," said Richard Franulovich, a senior currency strategist at Westpac Banking Corp in New York. The euro slipped 0.11 percent against the greenback to $1.0966. Any signals the ECB plans to reduce bond purchases ...

Markets - FXMM - Americas

C$ strengthens ahead of Bank of Canada decision as oil rises TORONTO: The Canadian dollar strengthened against its US counterpart on Wednesday as oil rose, but gains were restrained as investors braced for the Bank of Canada interest rate decision.The central bank on Wednesday is expected to hold interest rates at 0.50 percent as it waits to see how the economic bounce-back it is anticipating in the second half of the year unfolds. Analysts will look to see if the central bank trims its economic forecasts.US ...

Markets - FXMM - Americas

Venezuela bonds fall after PDVSA warns swap fail may compromise payments CARACAS: Venezuela's bond prices fell on Tuesday after state oil producer PDVSA again extended a deadline for its $5.3 billion debt swap offer and warned that if the operation failed the cash-strapped company might struggle to pay its debt. The swap offer was designed to ease operations at the company heaving under low oil prices, slumping production and an extreme cash flow deficit that has left it unable to pay contractors on time. But low ...

Markets - FXMM - Americas

C$ strengthens to nearly 3-week high as oil rises TORONTO: The Canadian dollar strengthened to a nearly three-week high against its US counterpart on Tuesday as risk appetite and oil rose and domestic manufacturing data reinforced expectations that broad economic growth rebounded in the third quarter.Manufacturing sales rose by 0.9 percent from July to hit C$51.12 billion, stronger than the 0.2 percent gain market analysts polled by Reuters had forecast. In volume terms, sales climbed by 1.2 percent."All in all it is a pretty ...

Markets - FXMM - Americas

Dollar rises as US data backs December rate hike view NEW YORK: The dollar on Friday posted its best weekly performance in more than seven months after strong US retail sales and producer prices data for September reinforced expectations the Federal Reserve would raise interest rates in December. The US currency briefly trimmed gains versus the Japanese yen and euro after Fed Chair Janet Yellen said the US central bank might need to run a "high-pressure" economy to reverse damage from the last financial crisis. ...

Markets - FXMM - Americas

C$ strengthens as greenback pares some recent gains TORONTO: The Canadian dollar edged higher against its US counterpart on Thursday as the greenback pared some recent gains and oil firmed.The US dollar dipped against a basket of major currencies, but posted a 7-month high intraday after minutes on Wednesday from the last US Federal Reserve meeting left a December interest rate hike in play.Gains for the commodity-linked loonie were restrained as a sharp decline in China's exports revived concerns about the health of ...

Markets - FXMM - Americas

Latam currencies slip on China data, Fed minutes SAO PAULO: Most Latin American currencies weakened in early Thursday trading on weak Chinese trade data and bets on a December US interest rate increase.China's September exports fell 10 percent from a year earlier, far worse than expected, while imports dropped unexpectedly.Persistent concerns over economic weakness in the world's biggest commodities consumer have weighed on demand for assets in regions exporting raw materials, such as Latin America.The Chilean peso fell 0.5 percent, tracking a decline ...