05052016Thu
Last update: Thu, 05 May 2016 07pm

Americas

Markets - FXMM - Americas

Dollar up as ECB hangover continues, emerging markets fall NEW YORK: The dollar rose against the euro and other European currencies on Monday as investors booked profits from a surge that followed European Central Bank President Mario Draghi's suggestion last week that the bank may not continue easing monetary policy. The euro zone currency posted its largest gain in a month after Draghi's remarks last Thursday, but has since given up ground against the dollar. Investors now turn their attention to the US Federal Reserve's policy meeting on Tuesday and Wednesday. The central bank's Federal Open Markets Committee is expected to keep interest rates unchanged."It's the combination of a market that overextended in the opposite direction because of Draghi's 'no more rate cut' comment and just some corrective natural price action into the risk of an FOMC that could be a little bit more hawkish," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. Traders will ...

Markets - FXMM - Americas

Dollar rises in tight trading as central banks take focus NEW YORK: The dollar rose on Monday in tight trading, adding to Friday's gains against the euro and other European currencies as investors pursued riskier European assets and awaited a packed slate of upcoming central bank meetings this week. After last week's trading that saw the continental currency move in its largest range since December and matching any of its most volatile days in the past five years, Monday morning's moves were generally muted. "It ...

Markets - FXMM - Americas

Dollar rises in tight trading as central banks take focus NEW YORK: The dollar rose on Monday in tight trading, adding to Friday's gains against the euro and other European currencies as investors pursued riskier European assets and awaited a packed slate of upcoming central bank meetings this week.After last week's trading that saw the continental currency move in its largest range since December and matching any of its most volatile days in the past five years, Monday morning's moves were generally muted."It seems like ...

Markets - FXMM - Americas

C$ slightly weaker as oil slips, Fed looms TORONTO: The Canadian dollar weakened slightly against its US counterpart on Monday as crude oil slipped back below $40 a barrel and investors braced for policy decisions from the US Federal Reserve and other central banks.At 8:50 a.m. EST (1250 GMT), the Canadian dollar was trading at C$1.3239 to the greenback, or 75.53 US cents, weaker than the Bank of Canada's official close on Friday of C$1.3231, or 75.58 US cents.The currency's strongest level of ...

Markets - FXMM - Americas

Euro ends sharply higher after wild swings on ECB moves NEW YORK: The euro swung about 3.5 percent against the dollar Thursday in reaction to European Central Bank interest rate reductions followed by signals that more easing was not expected.The ECB's initial announcement of reductions in key rates and a boost to quantitative-easing (QE) bond buying was more than expected, sending the euro down to nearly $1.08, after having held close to $1.10 since the beginning of the week.But the single currency sharply reversed course ...

Markets - FXMM - Americas

C$ weakens, paring recent gains, as crude oil prices fall TORONTO: The Canadian dollar weakened against its US counterpart on Thursday as crude oil prices fell, with the currency pulling back from a nearly four-month high reached on Wednesday.Oil prices fell after hitting three-month highs this week, with analysts warning that larger gains would be unwarranted as refineries enter seasonal maintenance and a global glut weighs.US crude prices were down 1.4 percent to $37.76 a barrel.The Canadian dollar fluctuated against other major currencies after the ...

Markets - FXMM - Americas

Euro rallies as ECB's Draghi says does not see further rate cuts NEW YORK: The euro rose to a three week-high against the dollar on Thursday, rallying from a six-week low after European Central Bank (ECB) President Mario Draghi said he did not anticipate more interest rate cuts to revive a sluggish euro zone economy.Europe's shared currency earlier took a tumble as the ECB unleashed a raft of measures, many of them not expected by markets, to stimulate euro zone growth and inflation.The ECB sliced its marginal ...