12042016Sun
Last update: Sun, 04 Dec 2016 01pm

Americas

Markets - FXMM - Americas

Dollar inches higher as US rate hike eyed despite Fed minutes NEW YORK: The US dollar edged higher against major currencies on Thursday after traders discounted Wednesday's cautious minutes from the latest Federal Reserve policy meeting, while optimism for a Greece debt deal limited the euro's losses.The dollar rebounded against the yen and hit a more than one-month high against the Swiss franc after traders reverted to the view that the Fed could hike rates by June, despite the minutes showing officials were concerned that raising rates too soon could damage the U.S. economic recovery.Analysts said the minutes were somewhat dated since they reflected the Fed's thinking before the release of a stronger-than-expected U.S. payrolls report for January."There's a reconsideration in terms of the extent to which the minutes were suggesting that June was being taken off the table," said Alan Ruskin, global head of currency strategy at Deutsche Bank in New York. "There is just generally a wariness to go ...

Markets - FXMM - Americas

Dollar pares gains broadly after Fed minutes seen as dovish NEW YORK: The US dollar pared most of its gains against a basket of major currencies on Wednesday after minutes from the Federal Reserve's January policy meeting were viewed as dovish, while optimism surrounding Greece capped the euro's losses.The dollar stumbled against the Japanese yen and pared most of its gains against the euro after the minutes showed that Fed policymakers expressed concern that raising interest rates too soon could pour cold water on the ...

Markets - FXMM - Americas

C$ slips with crude, Fed minutes soothes fears TORONTO: The Canadian dollar softened against the greenback on Wednesday as crude prices fell, but losses were tempered after minutes from the latest Federal Reserve meeting showed policymakers were worried about hiking interest rates too soon.Crude prices have jumped 35 percent from multi-year lows over the past month, after a slump that has hurt the currency of Canada, a major producer. With oil retreating Wednesday, the domestic currency struggled."If you're trading the loonie, you can ...

Markets - FXMM - Americas

Dollar gains ahead of Fed minutes; Greece optimism caps euro losses NEW YORK: The US dollar rose against a basket of major currencies on Wednesday on expectations that Federal Reserve policy meeting minutes will support a trend of higher U.S. yields, while the euro held within recent ranges on optimism over Greece.Analysts said minutes from the January Fed meeting, due at 2 p.m. ET (1900 GMT), will likely support the view that the central bank will raise rates by mid-year. Benchmark U.S. Treasury yields hit 1-1/2-month ...

Markets - FXMM - Americas

C$ slips with crude, markets eye Fed minutes TORONTO: The Canadian dollar softened against the greenback on Wednesday, as the market awaited the minutes of the most recent Federal Reserve meeting and crude prices retreated.Markets were also digesting a flurry of data, mostly out of the US, including figures that showed plunging crude prices were keeping a lid on inflation, which could argue against an interest rate hike by the Fed.US housing starts fell in January as ground breaking for single-family projects slipped ...

Markets - FXMM - Americas

Euro heads higher despite impasse in Greek talks NEW YORK: The euro picked up ground on the dollar and other major currencies Tuesday despite the failure to reach a deal on Greece's bailout restructuring.Traders moved out of safe havens for moderately more risk, sending US Treasury yields sharply higher and also selling down the yen.The euro gained 0.5 percent on the greenback, 1.0 percent against the Swiss franc and 1.1 percent on the yen.The gains came well before reports emerged suggesting Greece could ...

Markets - FXMM - Americas

C$ strongest close since rate cut as oil prices rise TORONTO: The Canadian dollar on Tuesday hit its strongest closing level against its US counterpart since a surprise January rate cut, helped by crude oil prices breaching a 2015 peak.The loonie, as Canada's currency is colloquially known, has struggled against the greenback recently on the back of slumping crude coupled with the Bank of Canada rate cut.The currency again took oil's lead on Tuesday despite housing data that suggested Canada's prolonged property boom may finally ...