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Dollar sags against yen and euro as stocks weaken NEW YORK: The dollar eased against the safe-haven yen and the low-yielding euro on Monday as investors around the world knocked down equities and trimmed bets against currencies popularly used to fund risky carry trades. Under carry trades, investors sell a low-yielding currency to buy riskier, higher-yielding ones for better returns. When volatility rises in global financial markets and stocks fall, they tend to take these positions off the table. European shares fell, with Germany's DAX and France's CAC on track for their worst month in four years. Chinese stock markets also fell, and Wall Street indexes were off 1 percent in early New York trading. "Stock markets are in focus, and absence of risk appetite is acting as a headwind to the dollar," said Nordea FX strategist Niels Christensen. Volumes were relatively low. London was shut for a holiday, and traders were awaiting Friday's key US employment report for ...

C$ strengthens as oil vaults more than 10 percent TORONTO: The Canadian dollar firmed against its US counterpart on Thursday, as crude prices soared more than 10 percent following a global equities rally and an unexpected drop in US oil inventories.The loonie, which fell to 11-year lows earlier this week as investors rushed to safety on worries about slowing growth in China, also gained against other major currencies.The strength came even as the greenback rose against a basket of currencies following upbeat US data ...
Dollar firms for 3rd day on strong US data, equities gain NEW YORK: The dollar rose for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment.U.S. data showing falling jobless claims and a faster growth rate than had initially been estimated in the world's largest economy underpinned the dollar.The reports, however, did little to change the view that the Federal Reserve would delay raising ...
Dollar weakens on receding US rate hike hopes, euro gains NEW YORK: The dollar fell against the euro and other major currencies on Thursday as bets dwindled that the Federal Reserve next month will raise US interest rates for the first time in nearly a decade.The euro rose the most among major currencies, gaining more than 1 percent against the dollar to top $1.12, because of turmoil in emerging market currencies touched off by China's yuan devaluation last week.Traders said the probability of a September ...
C$ 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 ...
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 ...


Index Closing Chg%
Arrow DJIA 17,888.35 0.95
Arrow Nasdaq 5,156.31 0.93
Arrow S&P 2,102.63 1.07
Arrow FTSE 6,395.65 0.62
Arrow DAX 11,261.24 1.06
Arrow CAC-40 4,914.53 0.87
Arrow Nikkei 20,012.40 1.34
Arrow H.Seng 22,381.35 1.75
Arrow Sensex 26,169.41 0.09

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WeeklyNovember 30, 2015
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