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Last update: Tue, 31 May 2016 09pm

Americas

Markets - FXMM - Americas

Latam currencies slip ahead of Yellen speech SAO PAULO: Most Latin American currencies slipped on Friday as traders awaited possible hints about the timing of a US interest rate increase from Federal Reserve Chair Janet Yellen.She is due to speak at an event hosted by Harvard University at 17:15 GMT (1:15 p.m. ET).Several Fed policymakers have stressed recently that market expectations for the pace of rate hikes this year could be too pessimistic."Yellen may corroborate the hawkish tone adopted by Fed policymakers over the last few weeks," Guide Investimentos brokerage analysts wrote in a client note. "The next rate hike might be closer than many expect."US rate futures currently indicate a 25 percent chance of an increase in June and 45 percent in July, while some officials have suggested a total of two or three hikes could be appropriate this year.That could attract funds currently invested in high-yielding emerging market assets, resulting in a stronger US dollar.The ...

Markets - FXMM - Americas

Dollar highest in two months as Yellen sees rate hike possible NEW YORK: The US dollar index hit two-month highs on Friday after Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months. In remarks in Boston, Yellen said a rate increase in the coming months "would be appropriate," if the economy and labor market continue to improve. "She didn't say no, the market took that as a positive sign for the dollar," said Boris Schlossberg, managing director ...

Markets - FXMM - Americas

Argentina's peso firms to 4-month high as farmers seek pesos BUENOS AIRES: Argentina's peso climbed to a four-month high on Friday as farmers sought to exchange dollars received from the sale of their soy harvest for pesos, despite efforts by the central bank to limit the currency's climb. The peso closed at 13.91 per dollar, up 0.65 percent over Thursday's close and strenthening 0.86 percent this week. Center-right President Mauricio Macri allowed the peso to float after taking office in December, spurring a slide in ...

Markets - FXMM - Americas

Euro gains on dollar for second day NEW YORK: The euro pushed higher against the US dollar for a second day Thursday even as odds appeared to rise for a Federal Reserve rate hike in the next few months.The euro's gain remained modest. The common currency bought $1.1194, up from $1.1154 Wednesday.The greenback also slipped to 109.76 yen from 110.21 yen.The picture for higher US rates rose as better-than-expected data on the US industrial sector, home building and the jobs market combined ...

Markets - FXMM - Americas

C$ firms to 1-week high; implied vol hits lowest in 4 months TORONTO: The Canadian dollar strengthened to a one-week high against its US counterpart on Thursday as oil moved briefly above $50 a barrel, while the market's expectation of future volatility for the currency fell to its lowest in four months.US crude oil futures traded above $50 for the first time since October before settling at $49.48 a barrel, down 8 cents.The move in oil triggered "huge desire" to cover short positions in the Canadian dollar, ...

Markets - FXMM - Americas

Dollar slips after US data dampen Fed rate hike bets NEW YORK: The US dollar fell against the euro, yen, and franc on Thursday after US economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July. The Commerce Department said orders for long-lasting US manufactured goods surged 3.4 percent last month after increasing 1.9 percent in March. Economists polled by Reuters had forecast durable goods orders rising only 0.5 percent last month. But non-defense ...

Markets - FXMM - Americas

C$ strengthens to a 1-week high as oil breaches $50 a barrel TORONTO: The Canadian dollar strengthened to a one-week high against its US counterpart on Thursday as oil moved above $50 a barrel for the first time in nearly seven months.US crude prices were up 0.93 percent to $50.02 a barrel, helped by signs that a global supply glut that has plagued the market for nearly two years is easing.The loonie's gains come one day after the Bank of Canada was less dovish than some investors ...