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C$ firms as prospect of September US rate hike fades TORONTO: The Canadian dollar strengthened against its US counterpart on Thursday as the greenback weakened on softening expectations for a Federal Reserve interest rate hike in September.After the minutes of the Fed's latest policy meeting, released on Wednesday, indicated no rush to raise interest rates, investors exited dollar positions and the probability of a September rate hike fell to around 40 percent from 50 percent previously."The Canadian dollar is caught in the middle today. The market is suffering a severe case of indigestion worrying about what the Fed will do in September," said Adam Button, currency analyst at ForexLive in Montreal.The Canadian dollar finished at C$1.3081 to the greenback, or 76.45 US cents, firmer than the Bank of Canada's official close of C$1.3110, or 76.28 US cents, on Wednesday.The currency remained rangebound, trading between C$1.3060 and C$1.3176 during the session.Crude prices, another key driver for the Canadian dollar due to ...

Dollar gains on Fed rate outlook, dimming yuan scare NEW YORK: The dollar advanced on Monday, rising against a basket of currencies for the third straight session, as traders focused on potential US interest rate hikes and shook off worries about a China-led "currency war." The dollar index hit a one-month low last week after the People's Bank of China unexpectedly devalued the yuan, dampening expectations that the US Federal Reserve will raise interest rates in September. But after the PBOC set the yuan ...
Dollar gains on solid US economic data NEW YORK: The dollar gained against the euro Friday after solid US economic data boosted the chances of a Federal Reserve interest rate increase.Besides the euro, the dollar advanced on the pound, dipped against the Japanese yen and was essentially flat against the Swiss franc. The Labor Department said its producer price index rose 0.2 percent in July, slightly above the 0.1 percent increase projected by analysts. Industrial output increased 0.6 percent in July, far ...
C$ firms as market calms; Canada data mixed TORONTO: The Canadian dollar firmed against the greenback on Friday, recouping earlier losses as investors digested data from the United States and Canada, and as calm returned to markets following a volatile trading week.In Canada, manufacturing sales jumped in 1.2 percent in June, the biggest gain since March and a welcome sign of economic activity following an overall lackluster first half of the year. Figures still fell short of economists' elevated projections for a 2.1 ...
Dollar rebounds on US data, drop in 'currency war' anxiety NEW YORK: The US dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on data showing U.S. retail sales rebounded in July, refocusing attention on the likelihood of a Federal Reserve interest rate increase in September.After hitting a roughly one-month low Wednesday, the U.S. dollar rose against a basket of major currencies as the yuan's decline slowed, easing worries that China's decision to devalue its currency ...
C$ falls as China's surprise devaluation hits oil price TORONTO: The Canadian dollar dropped against its US counterpart on Tuesday, reversing the previous session's hefty gains, as oil prices took a beating following China's surprise move to devalue its currency.The yuan had its biggest decline in more than two decades after the Chinese central bank devalued it by nearly 2 percent overnight in China's latest attempt to bolster its economy following a string of poor economic data.China is one of the world's largest natural ...
Latam currencies slide as China devalues yuan SAO PAULO: Latin American currencies fell on Tuesday after China's decision to devalue the yuan by nearly 2 percent fueled a sharp drop in commodities prices as well as concerns about the competitiveness of emerging market exporters.Latin America's most traded currencies - including those of Mexico, Brazil, Chile, and Colombia - all dropped about 1 percent following the Chinese move, which raised questions about Beijing's commitment to a strong yuan as part of a strategy ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
Arrow Sensex 25,775.74 0.17

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WeeklyNovember 23, 2015
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