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Americas

Markets - FXMM - Americas

Dollar weakens as jobs report bump dissipates NEW YORK: The dollar fell against the euro and the yen on Wednesday as enthusiasm from recent employment figures began to fade.Toward 1800 GMT, the euro was at $1.1183, up from $1.1115 at 2100 GMT the day before. Meanwhile, the dollar fell slightly against the yen, standing at 101.26 yen versus 101.88 on Tuesday.The euro was unchanged against the yen at 113.25.The dollar gained a rush of strength on exchange markets following Friday's US government jobs report, which blew past expectations at 255,000 positions created in July.But the US Labor Department announced Tuesday that productivity had declined 0.5 percent in the second quarter, helping nudge markets back into the doldrums."Traders have come in to sell USD from a higher level, driving price action right back down to the support zone seen last week," said James Stanley of DailyFX.Copyright AFP (Agence France-Presse), 2016 ...

Markets - FXMM - Americas

Latam currencies pare gains as oil slides; stocks fall SAO PAULO: Latin American currencies pared gains on Wednesday as crude prices turned negative, taking the shine off an extended rally in emerging markets.Most stock markets in the region fell, tracking declines in Wall Street triggered by the losses in oil. But most currencies remained in positive territory, with investors still chasing higher yields amid prospects of rock-bottom interest rates abroad and a gradual but sturdy global economic recovery.Oil prices slid nearly 2 percent after ...

Markets - FXMM - Americas

C$ strengthens to 3-week high against weaker greenback TORONTO: The Canadian dollar strengthened to a three-week high against its US counterpart on Wednesday as oil edged higher and the greenback suffered broad-based losses.The US dollar fell against a basket of major currencies as investors re-evaluated whether the Federal Reserve will raise interest rates this year.Oil rose even as analysts mostly expected no impact on actual supplies from talk of a potential producer meeting to discuss propping up prices. US crude prices were up ...

Markets - FXMM - Americas

Dollar weakens as Treasury yields fall, Fed's Yellen in focus NEW YORK: The US dollar fell broadly on Wednesday as U.S. Treasury yields fell and investors waited on a speech by Federal Reserve Chair Janet Yellen later this month.The greenback gained after Friday's jobs report for July showed better-than-expected employment gains, raising expectations that a further rate increase this year is likely. It has since given back those gains."It's been a fairly broad trend of dollar selling this week," said Vassili Serebriakov, FX strategist at ...

Markets - FXMM - Americas

C$ strengthens to 3-week high against weaker greenback TORONTO: The Canadian dollar strengthened to a three-week high against its US counterpart on Wednesday as oil edged higher and the greenback suffered broad-based losses.The US dollar fell against a basket of major currencies as investors re-evaluated whether the Federal Reserve will raise interest rates this year.Oil rose even as analysts mostly expected no impact on actual supplies from talk of a potential producer meeting to discuss propping up prices. US crude prices were up ...

Markets - FXMM - Americas

Dollar remains buoyant following US jobs report NEW YORK: The dollar rose marginally against the euro, yen and British pound on Monday in largely tranquil currency markets.The movements followed last week's encouraging employment numbers from the US Labor Department, likely to feed speculation of a US interest rate hike this year.By 1800 GMT, the euro was down slightly at $1.1081 versus $1.1087 at 2100 GMT on Friday.The dollar also gained on the yen, rising to 102.49 yen from 101.79 on Friday, while ...

Markets - FXMM - Americas

Mexico, Colombia pesos firm on oil, risk appetite SAO PAULO: Currencies from Latin American crude exporters strengthened on Monday, with both the Mexican peso and the Colombian peso gaining over 1 percent.Prices of oil jumped nearly 3 percent on Monday amid speculation that major producers would try to limit output.Moreover, the global appetite for risky assets remained firm following Friday's solid US jobs report, boosting the Mexican and Colombian currencies.Many traders saw the figures as a sign of strength in the world's No. ...