09262016Mon
Last update: Mon, 26 Sep 2016 10am

Americas

Markets - FXMM - Americas

C$ steady near 5-1/2 year lows as oil keeps sliding TORONTO: The Canadian dollar was steady against the US dollar on Tuesday but came within a hairsbreadth of weakening to the key C$1.20 mark as crude prices continued to crumble.The United Arab Emirates' energy minister stood firm on the Organization of the Petroleum Exporting Countries' (OPEC) decision not to scale back output despite an excess of supply and on OPEC's insistence that other higher-cost producers be the ones to reduce their output.Oil, a major Canadian export, was approaching $44 a barrel, about 60 percent below the highs of June 2014 and its lowest price in nearly six years."It's a one-way ride," said Mark Chandler, head of Canadian fixed income and currency strategy at RBC Capital Markets. "Although (the Canadian dollar is) actually relatively stable this morning ... But ultimately the weakness in oil prices is still directing the moves."At 9:32 a.m. (1432 GMT), the Canadian dollar was at C$1.1958 to ...

Markets - FXMM - Americas

Euro dips as market eyes possible ECB stimulus NEW YORK: The euro dropped somewhat against the dollar and other currencies Monday on expectations the European Central Bank could soon enact monetary stimulus.Besides the dollar, the euro dipped against the Japanese yen and the British pound. The single currency was unchanged against the Swiss franc."For the most part, the euro remains under pressure and we do not anticipate a significant rally this week," said BK Asset Management analyst Kathy Lien.Lien added that, "ECB officials ...

Markets - FXMM - Americas

C$ falls to 5-1/2 year low as oil prices drop further TORONTO: The Canadian dollar hit a fresh 5-1/2 year low against the greenback on Monday as oil prices continued to weaken, pushing the currency towards a key psychological support level at C$1.20 to the US dollar.Oil is a major Canadian export and crude prices showed no sign of escaping their downward spiral. Meanwhile, the US dollar edged higher as investors who expect a stronger greenback were given a chance to reload after it weakened on ...

Markets - FXMM - Americas

US, Canada jobs data drag C$ to 5-1/2 lows TORONTO: The Canadian dollar stumbled to its weakest level in more than 5-1/2 years following North American jobs data that showed a weaker-than-expected labor market in Canada and sturdy gains in the United States, further evidence that the Federal Reserve is likely to raise interest rates this year.Canada shed 4,300 positions in December after losing 10,700 jobs in November. Market forecasters had estimated an increase of 15,000 jobs. The overall unemployment rate held at 6.6 ...

Markets - FXMM - Americas

Dollar cuts losses on improving US jobs data NEW YORK: The dollar cut its losses on Friday after better-than-expected U.S. jobs data for December left intact the case for the Federal Reserve to increase interest rates and give the greenback a further investment yield advantage.Last month the U.S. economy created an additional 252,000 new non-farm jobs, the 11th straight month of payroll increases above 200,000, marking the longest stretch since 1994. Economists forecast a gain of 240,000 new jobs.The unemployment rate fell to ...

Markets - FXMM - Americas

Euro hits fresh nine-year low on expectation of ECB action NEW YORK: Negative economic reports from Europe and positive US data pushed the euro to a fresh nine-year low on Thursday for a fifth day of losses as diverging monetary policies continued to bolster the greenback.The European Central Bank meets on Jan. 22 when investors expect it to finally launch a program of government bond buying with new money, a policy known as quantitative easing. That contrasts with a Federal Reserve poised to start tightening ...

Markets - FXMM - Americas

Euro falls vs dollar on negative eurozone inflation NEW YORK: The euro slid against the dollar Wednesday after eurozone inflation turned negative, raising hopes for fresh stimulus from the European Central Bank.Consumer prices dropped by 0.2 percent in December in the eurozone, the first time inflation has been in negative territory since October 2009 amid the financial crisis, European Union data showed.The weak inflation number, reflecting in part the collapse of global oil prices, raised fears that the ailing eurozone is on the ...