07012016Fri
Last update: Fri, 01 Jul 2016 08pm

Americas

Markets - FXMM - Americas

Latam currencies gain as commodities rise for 3rd day BRASILIA: Latin American currencies advanced slightly on Tuesday as commodities prices rose for a third consecutive day, while a drop in banking shares dragged Brazilian stocks down.The Peruvian sol and the Chilean peso strengthened the most among Latin American currencies, despite US inflation data suggesting an increasing likelihood of rate hikes by the Federal Reserve later this year."Oil is up sharply again, which weakened the dollar against emerging currencies after some positive data out of the US earlier today," said Jo?o Paulo de Gracia Correa, regional head of currency trading at the Brazilian brokerage SLW.The Brazilian real gained only slightly in a volatile session after Finance Minister Henrique Meirelles announced new appointments for the economic team under the interim administration of Michel Temer as President.Itau Unibanco's chief economist Ilan Goldfajn will replace Alexandre Tombini as central bank chief. Economists said his nomination signals a bank less vulnerable to political intervention ...

Markets - FXMM - Americas

C$ weakens as wildfire disrupts energy producers TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday as a wildfire threatened some oil sand facilities in Alberta, although losses were tempered by higher crude prices and domestic manufacturing data that was less weak than feared.Canadian energy producers were hit with fresh disruptions after a massive wildfire around the oil sands hub of Fort McMurray, Alberta, shifted north, forcing the evacuation of about 4,000 people from work camps.Canadian factory sales fell 0.9 ...

Markets - FXMM - Americas

Dollar dips against major rivals on Fed rate hike doubts NEW YORK: The US dollar dipped against a basket of major currencies on Tuesday after U.S. inflation data failed to convince currency traders that the Federal Reserve was moving closer to another interest rate hike.The dollar initially rose against the euro and Swiss franc after data showed U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose, with the euro hitting a session low against the ...

Markets - FXMM - Americas

C$ makes subdued gains as oil rallies TORONTO: The Canadian dollar made small gains against its US counterpart on Monday as oil rallied to a six-month high and as Canadian home sales rose in April to their highest level ever.The commodity-linked currency had a subdued reaction to oil prices rising amid increasing output disruptions in Nigeria and after Goldman Sachs said a near-two-year glut in the market had ended and flipped to a deficit."The question over this week is will the Canadian ...

Markets - FXMM - Americas

Pound gains despite Bank of England's Brexit warning NEW YORK: The British pound edged higher Thursday despite a bearish outlook and warning over the consequences of Brexit from the Bank of England.But the dollar was stronger against the euro and yen as two Federal Reserve officials laid out stronger arguments for an early interest-rate increase.The pound, pushing up to $1.4453, could have been expected to weaken as the Bank of England cut its growth forecast for this year to 2.0 percent, saying the ...

Markets - FXMM - Americas

Yen weakens vs dollar on talk of more policy easing NEW YORK: The yen fell to a two-week low against the dollar on Thursday, pressured by speculation that the Bank of Japan could expand its monetary stimulus as soon as next month.The Japanese currency has surged more than 9 percent against the dollar in 2016 despite Japan's series of monetary easing measures. That has fuelled intervention talk from Japanese officials, resulting in a 1.7 percent drop in the value of the yen so far this ...

Markets - FXMM - Americas

C$ strengthens to a 1-week high as oil rallies TORONTO: The Canadian dollar strengthened to a one-week high against its US counterpart on Thursday, although some gains were pared as oil pulled back from its highest levels, while Federal Reserve officials were less cautious on US interest rate hikes.Oil rose to six-month highs as investors weighed a forecast for tighter global supplies against signs of another storage build at the hub for US crude futures. US crude oil futures settled at $46.70 a barrel, ...