08262016Fri
Last update: Fri, 26 Aug 2016 04am

Americas

Markets - FXMM - Americas

Yen sinks as traders put on risk NEW YORK: The Japanese yen sank against the dollar and euro Monday as investors turned to riskier assets after the military coup in Turkey failed.The dollar surged 1.3 percent against the yen from late Friday, to 106.14 yen. The euro put on 1.6 percent to 117.56 yen.Traders piled into the yen late Friday as military factions in Turkey attempted to overthrow the government of President Recep Tayyip Erdogan.Erdogan's quick assertion of his power within hours stifled the putsch, and with the country appearing calm by the end of the weekend, traders were encouraged back to equities and riskier currencies.The euro meanwhile was slightly higher against the dollar at $1.1075 ahead of a European Central Bank meeting this week expected to hold monetary policy firm.EUR/USD 1.1075 1.1041EUR/JPY 117.56 115.70EUR/CHF 1.0882 1.0853EUR/GBP 0.8355 0.8380USD/JPY 106.14 104.79GBP/USD 1.3257 1.3174Copyright AFP (Agence France-Presse), 2016 ...

Markets - FXMM - Americas

C$ flat vs US dollar as Turkey jitters fade, oil dips TORONTO: The Canadian dollar ended unchanged against its US counterpart on Monday as the market brushed off the news of a purge after a failed coup in Turkey and oil prices fell.The loonie, as Canada's currency is colloquially known, gained against the safe-haven Japanese yen and Swiss franc, but lost ground against emerging market currencies, including Mexico's peso and Russia's ruble.Turkey detained or suspended nearly 20,000 members of the police, army, judiciary and civil service ...

Markets - FXMM - Americas

Latam currencies, stocks recover as Turkey coup thwarted SAO PAULO: Most Latin American stocks and currencies rose on Monday as traders unwound safety bets after a military coup attempt in Turkey proved unsuccessful.Investors sharply sold emerging market assets late on Friday as the military coup unfolded, with the Mexican peso weakening as much as 1.5 percent.Spot markets in Brazil had already closed when the news broke, but futures contracts on the real currency lost more than 1 percent to 3.30 on the dollar.Risk ...

Markets - FXMM - Americas

Brazil currency, stocks jump on hopes of fiscal austerity SAO PAULO, July 14 (Reuters) - Brazil's currency and stocks jumped on Thursday on hopes interim President Michel Temer will manage to push through austerity measures following the election of a right-leaning ally as speaker of the lower house of Congress.Rodrigo Maia of the Democrats party, known as DEM, handily won a vote to replace speaker Eduardo Cunha who quit last week as he faced expulsion from the legislature over ethics violations."Maia will likely fight ...

Markets - FXMM - Americas

Pound, euro maintain climb in post-Brexit market pause NEW YORK: The pound and the euro extended gains Wednesday but remained far below their levels before Britain voted last week to quit the European Union.Financial markets that had reeled after last Thursday's EU exit vote rebounded for a second straight day as fears about Brexit's impact on the global economy receded."The pause in the selling in nearly all risk assets following the UK's historic move to leave the European Union appears to be more ...

Markets - FXMM - Americas

C$ edges higher as oil and global stocks rally TORONTO: The risk-sensitive Canadian dollar edged higher against its US counterpart on Wednesday as global financial markets stabilized for a second straight day following volatility triggered by Britain's vote to leave the European Union.European and Asian stock markets built on a recovery from the aftermath of last week's Brexit vote as investors wagered central banks would ultimately ride to the rescue with more stimulus.Oil rose as traders moved money back into markets hit by the ...

Markets - FXMM - Americas

Dollar funding costs jump after Brexit vote NEW YORK: The cost for Wall Street to fund dollar-based trades rose on Friday to the highest in nearly three months as Britain's vote to leave the European Union stunned investors, causing reluctance to lend as global stock markets plunged. The interest rate in the $3.8 trillion repurchase agreement market, where traders raise short-term cash from investors by pledging securities as collateral, was last bid at 0.80 percent, which was the highest since 0.85 percent ...