01202017Fri
Last update: Fri, 20 Jan 2017 09pm

Americas

Markets - FXMM - Americas

Dollar jumps on US data, Bullard; euro falls NEW YORK: The dollar climbed to a one-month high against a basket of currencies on Thursday as data on U.S. inflation and business orders revived confidence in the world's biggest economy and supported bets the Federal Reserve will raise interest rates in the middle of the year.The greenback also got support from remarks by St Louis Federal Reserve chief James Bullard, who said the strong dollar was having only a marginal impact on U.S. monetary policy and the economy.Bullard, speaking on CNBC television, also said the U.S. central bank, where he is a non-voter on policy, should drop its reference to "patience" next month in describing its approach to tightening policy.The dollar's jump followed back-to-back days of losses stemming from perceived dovish signals from Fed Chair Janet Yellen in her semi-annual testimony before Congress.On Thursday, the government said the consumer price index, its broadest inflation gauge, fell 0.7 percent in ...

Markets - FXMM - Americas

Dollar index adds gains after poor US note sale NEW YORK: The US dollar reached a fresh one-month peak against a basket of currencies early on Thursday afternoon as U.S. yields rose to session highs after poor demand at an auction of $29 billion of seven-year Treasuries notes .The dollar index advanced to 95.357 shortly after the seven-year debt auction before easing to 95.301, which was still up 1.15 percent on the day.The greenback posted further gains against the euro as the single currency ...

Markets - FXMM - Americas

Dollar gains after rise in US durable goods orders NEW YORK: The dollar extended its gains against a basket of currencies early Thursday as stronger-than-expected data on US durable goods orders in January signaled resilience in business activity despite worries of the recent surge in the dollar hurting exports. An index on the greenback's value against the euro, yen and four other currencies was last up 0.7 percent at 94.855 following back-to-back days of decline. The Commerce Department said on Thursday orders on big-ticket ...

Markets - FXMM - Americas

C$ firms as Poloz remarks seen reducing chance of rate cut TORONTO: The Canadian dollar strengthened against the greenback on Wednesday after markets dramatically scaled back their expectations for another interest rate cut by the Bank of Canada, while US Federal Reserve Chair Janet Yellen suggested the Fed is in no rush to raise rates.The Canadian dollar reversed four straight sessions of losses on Tuesday after Bank of Canada Governor Stephen Poloz said last month's surprise 25-basis-point rate cut had bought the central bank time to ...

Markets - FXMM - Americas

Dollar falls as Yellen hints no hurry to hike US rates NEW YORK: The dollar fell against a basket of currencies on Wednesday as traders trimmed their greenback holdings following Federal Reserve Chair Janet Yellen's suggestion that the U.S. central bank would not rush into raising interest rates.The drop in the dollar mirrored a pullback in yields on shorter-dated U.S. Treasuries from recent highs, as Yellen's testimony to U.S. lawmakers disappointed investors who had positioned themselves for a clearer signal whether rates might rise as early ...

Markets - FXMM - Americas

Dollar slips as Yellen hints no hurry to hike US rates NEW YORK: The dollar fell against a basket of currencies on Wednesday on Federal Reserve Chair Janet Yellen's suggestion the U.S. central bank would not rush into raising interest rates, spurring traders to trim bullish dollar bets.The drop in the dollar mirrored a pullback in yields on shorter-dated U.S. Treasuries from recent highs, as Yellen's testimony to Congress disappointed investors who had positioned themselves for a clearer signal on when rates would rise.The two-year U.S. ...

Markets - FXMM - Americas

C$ jumps as market scales back rate cut expectations after Poloz  TORONTO: The Canadian dollar rallied against its US counterpart on Tuesday as markets scaled back expectations of another interest rate cut in March following comments from the Bank of Canada.BoC Governor Stephen Poloz said in a speech on Tuesday that last month's surprise rate cut bought the central bank time to see how the economy responds to the recent plunge in crude oil prices."We had speeches leading up to this one that sounded quite dovish ...