The yen touched a fresh 18-month high against the greenback early on Monday after its biggest weekly gain in more than seven years. » Read More
The dollar weakened against major currencies after weaker-than-expected U.S. economic data reinforced views that the Fed would take a dovish stance.
TORONTO/ OTTAWA, April 26- The Canadian dollar strengthened modestly against the greenback on Tuesday as oil prices rose, but the loonie stuck to a tight range as investors looked ahead to a rate decision from the Federal Reserve. They were more dovish than we thought at the prior meeting, "said Benjamin Reitzes, senior economist at BMO Capital Markets.
The U.S. dollar slipped against the yen on Monday as traders took profits from the greenback's recent rally against the Japanese currency.
The yen hit a 2 1/2-week low against the dollar on a report said the Bank of Japan was considering helping banks by applying negative rates.
The dollar recovered against the euro after ECB meeting as traders focus on next week's Fed meeting.
Commodity-linked currencies such as the Australian and Canadian dollars inched towards recent peaks on Wednesday.
Commodity currencies like the Australian and New Zealand dollars soared to 10-month highs against the U.S. dollar.
TOKYO, April 19- Commodity currencies soared on Tuesday with the Australian dollar hitting a 10- month high while the yen weakened broadly as a strong rebound in oil prices boosted risk sentiment. The Australian dollar rose to as high as $0.7778, its highest level in about 10 months. The Canadian dollar came close to a 9- month high of C $1.2750 per dollar hit a week...
Commodity currencies slipped while the safe-haven yen gained ground after major crude exporters failed to agree on an output freeze.
SYDNEY, April 18- Commodity currencies slumped early on Monday while the safe-haven yen soared after global oil producers failed to agree on an output freeze, sending oil prices tumbling anew. The Canadian dollar and its Australian counterpart were both marked more than 1 percent lower to as low as C $1.2957 per USD and $0.7594 in early trade.
The dollar fell broadly as a slide in oil prices ahead of weekend talks among producers in Doha.
The dollar fell against the yen on Thursday, snapping two days of gains, hurt by data showing benign U.S. inflation.
The dollar climbed to a two-week peak against the euro, as gains in stock markets and improved data out of China drew investors into riskier bets.
*China trade data next in focus. With hopes of a production freeze among top producers Russia and Saudi Arabia back in play, global oil prices climbed to four-month highs overnight. Canada's loonie stood at C $1.2769 per USD, not far from the overnight high of C $1.2750- a level last seen in July.
The dollar rebounded from a more than seven-month low against a basket of currencies, led by gains versus the safe-haven yen.
The dollar pared losses after hitting 17-month lows against the yen on Monday.
The yen struggled across the board after posting gains this week, weighed by warnings overnight by the Japanese finance minister.
The U.S. dollar fell below 108 yen for the first time in 17 months on Thursday.
The U.S. dollar hit a fresh 17-month trough against the yen on doubts that the BOJ would intervene to halt the yen's appreciation.
*Loonie touches its weakest since March 28 at C $1.3219. Canada's trade deficit unexpectedly jumped to C $1.91 billion in February from C $628 million in January as exports slumped by their most in nearly seven years. "Not cause for panic yet, but I think some concern which may be echoed by the Bank of Canada next week," said Scott Smith, senior market analyst at...