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Dollar rises as Fed minutes show bond buys not imminent  NEW YORK: The dollar gained on W ednesday, pushing the euro to a fresh two-year low after minutes of last month's Federal Reserve meeting showed additional asset-buying by the Fed was not imminent and likely to occur only if US economic conditions worsened. The report showed a few officials on the policy-setting Federal Open Market Committee believed further stimulus to the economy was justified, but a majority was not yet convinced. "On balance, the minutes do not on the surface suggest a sizable body of support for further immediate action, although it should be borne in mind that the comments were made prior to recent data disappointments," said Peter Buchanan, economist at CIBC World Markets in Toronto. "We doubt that the statement contains enough meat on the easing side to satisfy observers who were hoping for more signs of a willingness to launch another round of unsterilized quantitative easing on any signs of ...

Euro tumbles to 2-year low vs dollar, Spain deal fails to buoy  NEW YORK: The euro slumped to a new two-year trough against the dollar and five-week low versus the yen on Tuesday after a meeting of euro zone finance ministers failed to assuage concerns about the region's crisis. Euro zone ministers struggled to reassure financial markets that an aid package for Spain they outlined overnight will help stabilise the currency bloc - a task made all the harder by a German legal challenge to its crisis-fighting tools. While ...
C$ sags to 1-week low on slow growth outlook  TORONTO: The Canadian dollar touched a one-week low against the US currency on Monday along with global stock prices on investor uncertainty about the global growth outlook and concern about Europe's debt crisis. Stocks on major world markets fell for a fourth day on Monday as investors fretted about disappointing economic data in Asia and parts of Europe, while EU finance ministers met again to grapple with the euro zone's debt crisis. Diplomats said on Monday that ...
Euro rebounds slightly on dollar  NEW YORK: The euro got a slight bounce back against the dollar Monday after falling sharply last week, but not before hitting a new two-year low of $1.2267 in trade during the day. The euro was traded at $1.2312 at 2100 GMT, up from $1.2287 late Friday. The euro also gained ground on the yen, to 97.95 yen from 97.83 yen, while the dollar fell against the Japanese currency, to 79.56 yen from 79.62. Traders said the euro ...
Euro nudges up from 2-year low but remains vulnerable  NEW YORK: The euro recovered from a two-year low against the dollar on Monday, but looked highly fragile on scant hopes that a euro zone finance ministers meeting later in the day will show progress in containing the region's debt crisis. Euro zone finance chiefs will try to flesh out plans to reinforce the single currency but their talks in Brussels may do little more than highlight the limitations of last month's deal to help indebted ...
C$ stumbles on North American jobs data  TORONTO: Canada's dollar stumbled against the US currency along with global stock and commodity prices on Friday after jobs reports on both sides of the border showed sluggish growth in the labor market in June. Stocks on major exchanges plummeted and the euro hit 5-week lows after US jobs data for June came in weaker than expected, fueling concerns that Europe's debt crisis is deepening a slowdown in the US economy. "I think there is disappointment that ...
Euro falls to 2-year low vs US dollar  NEW YORK: The euro fell to a two-year low against the US dollar on Friday after a report showed US employers hired at a dismal pace in June, stoking strong risk aversion and a flight to safe havens that put recent central bank interest rate cuts in stark relief. The report appeared to fuel concerns that Europe's debt crisis is shifting the US economy into low gear. The weak US jobs data came a day after the ...


Index Closing Chg%
Arrow DJIA 16,979.13 0.35
Arrow Nasdaq 4,526.48 0.02
Arrow S&P 1,986.51 0.25
Arrow FTSE 6,755.48 0.35
Arrow DAX 9,314.57 0.21
Arrow CAC-40 4,240.79 0.32
Arrow Nikkei 15,454.45 0.03
Arrow H.Seng 25,159.76 0.15
Arrow Sensex 26,314.29 0.40

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