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Last update: Mon, 23 Jan 2017 07am

Americas

Markets - FXMM - Americas

C$ link to oil seen broken until after US election, rate move TORONTO: The Canadian dollar's normally tight link with the price of oil, which broke down in September, likely will not reassert itself until after the US election and a potential interest rate hike by the Federal Reserve, currency strategists say.Oil is a major Canadian export and the currency often tracks its price. But the Canadian dollar weakened to a six-month low of C$1.3315 against the US dollar on Friday despite a deal by the Organization of the Petroleum Exporting Countries to limit output which lifted oil above $50 a barrel. The currency was around C$1.2700 when oil climbed above $50 a barrel in early June. "Other fundamentals have taken over. The interest rate differential is part of that and I think the Trump premium is part of that," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets. Republican presidential candidate Donald Trump has said he would ...

Markets - FXMM - Americas

Dollar falls from 7-month peak on Chinese trade data dip NEW YORK: The dollar tumbled from a seven-month high on Thursday, as risk appetite took a turn for the worse after soft Chinese trade data spooked a market that is expecting an interest rate increase from the Federal Reserve by the end of the year. The US currency also fell from a more than two-month high against the yen and Swiss franc, two safe-haven currencies that benefit in times of political or financial stress. "A ...

Markets - FXMM - Americas

Mexican peso up more than 2.5pc in early trading MEXICO CITY: The Mexican peso firmed on Monday to its strongest level in nearly one month following the US presidential debate on Sunday in which Democratic nominee Hillary Clinton was judged the early winner. The peso rose as investors saw less chance of Republican nominee Donald Trump winning next month's presidential election in the United States. The peso traded at 18.83 pesos per dollar, up 2.53 percent compared with the Reuters closing price on Friday, ...

Markets - FXMM - Americas

Dollar pares gains after Sept US payrolls data NEW YORK: The dollar briefly pared gains against a basket of currencies on Friday as government data showed US employers added fewer workers in September but other aspects of the jobs report suggested further improvement in the labor market. The dollar index was last up 0.10 percent at 96.871, which was not too far below its highest level in over two months set earlier Friday. Copyright Reuters, 2016 ...

Markets - FXMM - Americas

C$ to strengthen as higher oil offsets US Fed rate hikes TORONTO: The Canadian dollar will strengthen over the coming year as higher oil prices provide support, but monetary policy divergence and US election risk will restrain the currency in the near term, a Reuters poll found. The loonie is forecast to be little changed at C$1.3200 in three months, the poll of over 40 foreign exchange strategists showed, down just 0.2 percent from Wednesday's close of C$1.3175. The forecast is a downgrade from C$1.3100 forecast ...

Markets - FXMM - Americas

Dollar index holds gains as US jobless claims fall NEW YORK: The dollar held its earlier gains against a basket of currencies on Thursday as data showed weekly first-time filings for US unemployment benefits unexpectedly fell to near a 43-year low, supporting the view of further improvement in the jobs market. The dollar index was up 0.34 percent at 96.451 after touching its highest level since Aug. 9 shortly after the release of the latest jobless claims data. Copyright Reuters, 2016 ...

Markets - FXMM - Americas

Mexico peso could hit 20/dollar, Colombia woes set to fade BRASILIA/BUENOS AIRES: The US election drama and a weakening economy will knock the Mexican peso to an all-time low of 20 per dollar, a number of foreign exchange strategists forecast in a Reuters poll on Thursday. Growing pessimism about the Mexican currency contrasted with signs of optimism from Colombia, where frustration over a failed peace accord is seen as dealing only a temporary blow to the peso, and Brazil, where hopes of budget reforms led ...