06292016Wed
Last update: Wed, 29 Jun 2016 09pm

Americas

Markets - FXMM - Americas

C$ hits 1-week low as oil extends pullback TORONTO: The Canadian dollar weakened to a new one-week low against its US counterpart on Wednesday as oil fell, but losses were restrained ahead of a US interest rate decision and after stronger-than-expected domestic manufacturing data.Canadian factory sales rebounded in April, rising by a higher-than-expected 1.0 percent from March, after declining for two consecutive months, data from Statistics Canada showed.Oil prices were on course to fall for the fifth straight session in what would be their longest losing streak since February, knocked by mounting concerns about Britain's possible exit from the European Union and a surprise rise in US inventories. US crude prices were down 1.55 percent at $47.74 a barrel.At 9:12 a.m. EDT (1312 GMT), the Canadian dollar was trading at C$1.2885 to the greenback, or 77.61 US cents, weaker than Tuesday's close of C$1.2853, or 77.80 US cents.The currency's strongest level of the session was C$1.2827, while it ...

Markets - FXMM - Americas

Yen gains broadly as Brexit concerns grow NEW YORK: The yen surged to its highest in more than three years against the euro on Tuesday as chances of Britain voting next week to leave the European Union grew, prompting a flight to safe havens such as the Japanese currency. The yen also hit a six-week high versus the dollar and a nearly three-year peak against sterling. The dollar trimmed its losses against the yen slightly after a strong US retail sales report ...

Markets - FXMM - Americas

Euro, yen gain as markets wait for Fed NEW YORK: The euro and yen both headed higher Monday ahead of the Federal Reserve's policy meeting, while the pound dropped as fears rise over the looming Brexit vote.Caution reigned in the markets, pushing the euro to $1.1292, and the yen rose to 106.19 against the dollar at 2100 GMT.The pound fell to two-month lows against the greenback and the euro before pulling back slightly to $1.4245 and to 79.26 pence per euro."These 'flight-to-quality' trades ...

Markets - FXMM - Americas

C$ weakens as oil falls, risk appetite deteriorates TORONTO: The Canadian dollar weakened to a nearly one-week low against its US counterpart on Monday as oil fell and risk appetite deteriorated amid fears that Britain may be on the verge of voting to leave the European Union.Oil prices fell, weighed down by gloomy economic prospects in Europe and Asia. US crude prices were down 1.39 percent to $48.39 a barrel.Global stocks sold off, adding to headwinds for the risk-sensitive commodity-linked Canadian dollar, after ...

Markets - FXMM - Americas

Mexico peso tumbles to weakest since surprise rate hike SAO PAULO: The Mexican peso tumbled on Monday for a third consecutive day to its weakest since a surprise interest rate hike in February aimed at fending off speculators.Fears that Britain may be on the verge of voting to leave the European Union next week have sent investors scurrying for the safety of US Treasuries, weighing on emerging market assets.Traders also held back risky bets ahead of a US Federal Reserve meeting this week, though ...

Markets - FXMM - Americas

Speculators raise US dollar bets to largest since February NEW YORK: Speculators favored the US dollar for a third straight week, with net longs rising to their highest in four months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $11.30 billion in the week ended June 7, from $4.86 billion the previous week.Sterling net shorts expanded to their largest in three years roughly three weeks ahead of ...

Markets - FXMM - Americas

Yen rises on safe-haven bids, dollar recovers NEW YORK: A broad decline in commodity and stock prices in major world markets lifted the yen on Thursday as investors piled money into low-risk assets due to jitters about prolonged low inflation and negative interest rates. The yen, which investors prefer in times of market uncertainty, reached a three-year peak against the euro and a five-week high versus the US dollar. "It's generally a cautious mood today. You have stocks lower and yields lower," ...