07262016Tue
Last update: Tue, 26 Jul 2016 01am

Americas

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 following last Friday's violence.Oil prices fell as rising stockpiles of crude and refined fuel intensified fears another major glut was building up."The market seems to be looking through the failed military coup in Turkey and risk assets continue to perform relatively well," said Blake Jespersen, managing director, foreign exchange sales at BMO Capital Markets. "It was a short-lived selloff."The Canadian dollar settled at C$1.2937 to the greenback, or 77.30 US cents, the same level the ...

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 ...

Markets - FXMM - Americas

Mexico's peso plunges to fresh record low after UK votes to leave EU MEXICO CITY: Mexico's peso hit a fresh record low early on Friday after Britain voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European unity project since World War Two. The peso , one of most liquid emerging market currencies, plunged 7.15 percent to 19.5225 per dollar shortly after midnight local time. The currency, which has slumped more than 10 percent this year, ...