09262016Mon
Last update: Mon, 26 Sep 2016 06am

Americas

Markets - FXMM - Americas

Yen edges higher ahead of BoJ, Fed policy meetings NEW YORK: The yen strengthened slightly Monday while the dollar lost ground against the euro ahead of the parallel policy meetings of the Bank of Japan and the US Federal Reserve.After a week of disappointing data on consumer spending and inflation, the Fed is expected to hold its benchmark interest rate unchanged yet again and set its sights on a December rise. Meanwhile the BoJ, still frustrated about the outcome of its substantial stimulus efforts, is thought to be mulling cutting interest rates deeper into negative territory to kick-start economic activity."The thinking seems to be... that the Bank of Japan is going to offer some easing this week and in the meantime the Fed is not expected to raise rates," said Chris Low of FTN Financial.The dollar slipped to $1.1175 per euro, and to 101.88 yen. The pound picked up slightly at $1.3028.Copyright AFP (Agence France-Presse), 2016 ...

Markets - FXMM - Americas

Dollar slips ahead of BoJ, Fed meetings NEW YORK: The US dollar fell on Monday from Friday's more than two-week high against a basket of major currencies on expectations that any Bank of Japan action this week would not weaken the yen and that the Federal Reserve would refrain from raising interest rates.The central banks are scheduled to hold separate policy-setting meetings on Sept. 20-21. The BoJ is due to conduct a comprehensive review of its policy framework, which combines negative interest ...

Markets - FXMM - Americas

C$ strengthens as oil rebounds, stocks climb TORONTO: The Canadian dollar on Monday bounced back from a seven-week low in the previous session as oil prices rebounded and global equity markets climbed.Gains for the loonie follow a 1.3 percent decline last week when lower crude prices weighed on commodity-linked currencies, also weakened by concern that leading central banks may not expand monetary stimulus.On Monday, oil prices rose from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a deal ...

Markets - FXMM - Americas

Dollar Libor hits 7-year-plus peak before Fed meeting NEW YORK: A gauge of what banks charge each other to borrow dollars for three months rose on Monday to a more than seven-year high ahead of the US Federal Reserve's two-day policy meeting. The central bank is widely expected to hold short-term US interest rates in a target range of 0.25 percent to 0.50 percent at its meeting, which begins on Tuesday, while it is likely to leave the door open for a rate ...

Markets - FXMM - Americas

Dollar gains as US posts modest uptick in inflation NEW YORK: The dollar gained on international currency markets Friday as an inflation indicator showed strength and investors anticipated next week's decisions on US and Japanese monetary policy.The British pound dropped sharply in relation to the dollar, coinciding with reports on Friday that Britain expected to begin formal talks to secede from the European Union by early next year.The US consumer price index rose 0.2 percent for the month of August and was up 1.1 ...

Markets - FXMM - Americas

Mexico's peso hits record low as US election tightens MEXICO CITY: Mexico's peso is likely to continue to plumb record lows as the US presidential election nears, leaving local authorities with few options after intervention and interest rate hikes earlier this year did little to halt its slide, analysts said. The peso closed at a record low on Wednesday of 19.2745 per dollar after big losses that were partly fanned by concerns US Republican candidate Donald Trump could triumph over his Democratic rival Hillary ...

Markets - FXMM - Americas

Dollar slips against yen on doubts over BoJ potency NEW YORK: The US dollar reversed earlier gains against the yen on Thursday as traders doubted that the Bank of Japan (BOJ) would be able to weaken the yen with more policy stimulus, while profit-taking and gains in commodity currencies also weighed on the greenback. The dollar rose against the yen in morning US trading on expectations the BoJ could ramp up its monetary stimulus after reports in recent days that the central bank could ...