02062016Sat
Last update: Sat, 06 Feb 2016 08pm

Americas

Markets - FXMM - Americas

C$ falls as crude oil prices, stock market losses weigh TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday, pulling back from a nearly four-week high as lower crude oil prices and stock market losses weighed on the risk-sensitive commodity currency.Oil prices fell more than 4 percent on Tuesday, extending their decline on Monday, as hopes for a deal between OPEC and Russia on output cuts faded.World stocks dipped after a three-day run of gains as the drop in oil prices sparked renewed nerves.Fellow commodity currency the Australian dollar also fell after the Reserve Bank of Australia left rates on hold at 2 percent, but left the door open to further easing.At 9:12 a.m. EST (1412 GMT), the Canadian dollar was trading at C$1.4080 to the greenback, or 71.02 US cents, much weaker than Monday's official close of C$1.3930, or 71.79 US cents.The currency's strongest level of the session was C$1.3940, while C$1.4080 was its weakest. The currency ...

Markets - FXMM - Americas

Latam currencies weaken as oil slumps again SAO PAULO: Latin American currencies weakened on Tuesday as fading expectations of a deal to cut global oil production drove crude prices down for a second day in a row.Oil prices had rebounded last week on hopes of a deal between OPEC and Russia to cut output. A global supply glut and concerns over the demand outlook have kept crude prices near 12-year lows.The Colombian peso slumped almost 2 percent, while the Mexican peso fell ...

Markets - FXMM - Americas

Dollar weakens on views of dovish Fed after BoJ move, weak data NEW YORK: The US dollar fell against a basket of major currencies on Monday on the view that the Federal Reserve would not be able to hike interest rates as quickly as forecast this year given weak U.S. economic data and continued easing from the Bank of Japan.The dollar dipped against the yen, hitting a session low of 120.670 yen after shooting 2 percent higher against the Japanese currency on Friday to a six-week high ...

Markets - FXMM - Americas

Dollar falls as US durable goods undershoot forecast NEW YORK: The dollar hit a one-week low against the euro on Thursday as a plunge in U.S. durable goods orders supported the view of a U.S. economic slowdown on softer global demand.The well-below-expectation reading in durable goods orders, which plunged 5.1 percent last month, raised the prospects of a weaker U.S. gross domestic product reading, due on Friday. Economists polled by Reuters had anticipated only a 0.6 percent drop in durable goods."This is a ...

Markets - FXMM - Americas

C$ rallies to a 3-week high as oil prices surge TORONTO: The Canadian dollar rallied to a three-week high against its US counterpart on Thursday as crude oil prices rose, while the potential for a US Federal Reserve rate hike in March was not aided by weaker-than-expected US data.Oil rose above $34 per barrel, supported by the possibility that major producers may cooperate to cut production.New orders for long-lasting US manufactured goods tumbled 5.1 percent in December, the latest sign that economic growth weakened significantly ...

Markets - FXMM - Americas

Dollar slips in US trading as markets await Fed NEW YORK: The dollar edged lower against a basket of major currencies on Wednesday as oil declined and investors awaited the Federal Reserve's statement for clues on whether bets on a single U.S. interest rate rise in 2016 are justified.Fed fund futures are implying markets expect just one rate hike this year, compared with four according to Fed policymakers' guidance. That has put the main focus on what the Fed says at 2 p.m. EST ...

Markets - FXMM - Americas

C$ slips from 3-week high as oil prices fall TORONTO: The Canadian dollar was unchanged against its weaker US counterpart on Wednesday, down from a three-week high reached earlier in the session, as crude oil prices fell.The greenback weakened against a basket of major currencies ahead of the US Federal Reserve policy announcement due this afternoon. The Fed is expected to leave interest rates unchanged and acknowledge that turmoil in financial markets threatens its upbeat view of the US economy.Oil futures fell more than ...