01172017Tue
Last update: Tue, 17 Jan 2017 07am

Americas

Markets - FXMM - Americas

C$ little changed as markets await US Fed OTTAWA: The Canadian dollar was little changed against the greenback on Monday as investors were wary of taking aggressive bets ahead of a US Federal Reserve decision and major domestic economic data later in the week.Despite US crude prices that hit a six-year low on Monday on heightening concerns that the United States may run out of oil storage, the loonie managed to hold its ground, gaining support from profit-taking in the US dollar. US oil futures settled at $43.88 a barrel."Oil has had a pretty impressive decline and we really have not had an equal amount of Canadian dollar weakness today," said Amo Sahota, director at Klarity FX in San Francisco."The big event this week is the US federal Reserve and the market is just paring back some of the US dollar gains it's been enjoying and trying to shift a little bit to the sidelines ahead of that ...

Markets - FXMM - Americas

C$ little changed as markets await US Fed OTTAWA: The Canadian dollar was little changed against the greenback on Monday as investors were wary of taking aggressive bets ahead of a US Federal Reserve decision and major domestic economic data later in the week.Despite lower oil prices on Monday, the loonie managed to hold its ground, gaining support from profit-taking in the US dollar.Investors were focused on whether the Federal Reserve, in its policy announcement on Wednesday, would drop its pledge to be ...

Markets - FXMM - Americas

Dollar sinks as recent sharp gains could impact Fed rate hike NEW YORK: The dollar fell across the board on Monday, as investors fretted that the greenback's rapid rise could prompt the Federal Reserve to be a little more cautious about raising interest rates this year.The U.S. currency has risen about 24 percent against a basket of currencies since May and it could become a key issue at this week's Fed monetary policy meeting."The Fed dominates this week, and the concern among some in the market ...

Markets - FXMM - Americas

C$ pares session losses after Canada jobs data TORONTO: The Canadian dollar pared earlier session losses on Friday after data showed the economy lost fewer jobs than expected in February. Canadian jobs decreased by 1,000 in February compared with forecasts for a loss of 5,000. The unemployment rate rose to 6.8 percent, with 34,000 full-time jobs created and 34,900 part-time jobs lost. The Canadian dollar firmed to C$1.2725 to US dollar, or 78.59 US cents, stronger than just prior to the data's release, ...

Markets - FXMM - Americas

Dollar rally stalls, euro climbs from fresh 12 years low NEW YORK: The dollar fell against the euro on Thursday as investors took profits after a powerful rally brought the greenback to a 12-year high in early trade, then surprisingly weak U.S. February retail sales stoked the sell-off.The euro remained down 12 percent year-to-date, careening toward parity with the dollar as monetary policies ease in Europe and elsewhere at a time of stronger U.S. economic growth and expectations the Federal Reserve will start raising interest ...

Markets - FXMM - Americas

C$ firms but oil price, jobs worry cut into early gain TORONTO: The Canadian dollar closed stronger against the greenback on Thursday but lower crude prices and market anticipation of a weak Canadian employment report for February on Friday cost it most of its early gains.The price of oil, a major Canadian export, fell on forecasts for another big supply build, with US crude settling down 2.3 percent at $47.05 a barrel, and Brent finishing nearly 1 percent lower at $57.08."We saw crude sell off aggressively, ...

Markets - FXMM - Americas

C$ recoups losses as US$ softens on retail sales TORONTO: The Canadian dollar recouped all of the previous session's losses against its US counterpart on Thursday as the greenback retreated on data that showed US retail sales fell unexpectedly in February, the third straight month of declines.The drop in sales was fairly broad-based, suggesting poor winter weather kept shoppers away, and could hurt economic growth in the first quarter.The US dollar index, which measures the greenback against six major currencies, touched its highest level ...