06012016Wed
Last update: Wed, 01 Jun 2016 02am

Americas

Markets - FXMM - Americas

Dollar rallies against yen on potential for expanded BOJ stimulus NEW YORK: The U.S. dollar rose to its highest level against the yen in three weeks on Friday after a report said the Bank of Japan is considering expanding its negative rate policy to bank loans and could cut rates further.The BOJ could consider the new step if policymakers decide to lower the negative 0.1 percent interest rate applied to some bank reserves parked with the central bank, Bloomberg reported.The dollar rose more than 2 percent against the yen to 111.80 yen, its highest level against the Japanese currency since April 1. For the week, the dollar was set to rise 2.6 percent against the yen, which would mark its strongest weekly gain since late Oct. 2014.If the BOJ were to apply its negative rate policy to bank loans, it would allow the central bank to cut its deposit rates deeper into negative territory without acting as a headwind for ...

Markets - FXMM - Americas

Dollar gains against euro after ECB as focus turns to Fed NEW YORK: The euro reversed to trade lower against the dollar on Thursday after traders looked past a European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next week, while the yen rebounded on flagging risk appetite.The euro was last down 0.12 percent against the dollar at $1.1280, near a session low of $1.1271, after hitting a nine-day high of $1.1394 on the back of comments from ECB President Mario ...

Markets - FXMM - Americas

C$ strengthens to a 9-month high as oil rallies TORONTO: The Canadian dollar strengthened to a nine-month high against its US counterpart on Tuesday, together with broader gains for commodity-linked currencies as oil rose and risk appetite grew.Fellow commodity currencies, the Australian and New Zealand dollars, rose to 10-month highs against the greenback and US stock index futures advanced, drawing support from oil prices.Oil gained as a strike by oil workers in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment ...

Markets - FXMM - Americas

Dollar falls against euro, commodity currencies on risk appetite NEW YORK: The US dollar hit 10-month lows against some commodity currencies on Tuesday on a growing appetite for risky assets and lost further ground to the euro after weak U.S. economic data reinforced views that Federal Reserve monetary policy would remain dovish.The Australian dollar hit $0.7817, its highest level against the dollar since last June, while the New Zealand dollar touched $0.7055, also its highest since last June, on the back of gains in ...

Markets - FXMM - Americas

C$ weakens to a 1-week low as oil falls after Doha meeting TORONTO: The Canadian dollar weakened to a one-week low against its US counterpart on Monday as oil prices fell following a producers' meeting in Doha, although some losses were pared as falls for stock markets eased.A dive in oil prices sent stock markets lower after producers failed to agree on a plan to curb global supply. However, falls on European markets eased and Wall Street opened only modestly lower.US crude prices were down 4.34 percent ...

Markets - FXMM - Americas

Commodity currencies recover ground after Doha meeting impact fades NEW YORK: The US dollar edged higher against the yen and commodity currencies pared losses after traders viewed a strike by Kuwaiti oil and gas workers as supportive of oil prices and anticipated low volatility this week.The dollar was last up 0.07 percent against the yen at 108.81 yen after slumping to a session low 107.81 yen, which was near a 17-month low of 107.61 yen touched a week ago.The safe-haven yen had earlier rallied, ...

Markets - FXMM - Americas

Dollar hurt by lower oil, soft U.S. consumer sentiment NEW YORK: The dollar fell broadly on Friday as a slide in oil prices ahead of weekend talks among producers in Doha and a soft U.S. consumer sentiment report capped risk appetite and spurred investors to buy safe-haven currencies such as the yen.The dollar index, tracking the greenback's value against six currencies, posted losses after two straight days of gains. The U.S. currency's fall versus the yen was the largest daily loss in more than ...