×

Currencies Foreign Exchange

  • The dollar on Wednesday held above 6-1/2-month lows hit in previous days, as comments from a senior Fed official rekindled hopes of US rate rises.

  • LONDON, May 24- The dollar on Wednesday held above 6-1/ 2- month lows hit in previous days, as comments from a senior Federal Reserve official rekindled expectations of possible U.S. interest rate rises. The dollar had lost nearly all of its gains since the U.S. elections last November as investor hopes for a fiscal boost from President Donald Trump were dulled by a...

  • Moody's: Chinese economy more and more reliant on stimulus

    Moody's Investors Service downgraded China's credit rating to A1 from Aa3. Jane Foley, head of FX strategy at Rabobank, discusses what this means for other currencies.

  • LONDON, May 24- Britain's pound recovered a foothold on Wednesday after this week's fall from 8- month highs, with traders eyeing U.S. In a light week for data, a more detailed breakdown of UK GDP numbers for the first quarter is due on Thursday. Sterling was 0.1 pecent higher at $1.2972 and 86.18 pence per euro in morning trade in London.

  • TOKYO, May 24- The dollar held firm on Wednesday, having rebounded from 6-1/ 2- month lows against its major peers helped by a rise in U.S. Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt. It managed to pull away from the 96.797 level plumbed on Monday, its lowest since Nov. 9, when...

  • *Dollar index pulls away from 6-1/ 2- month lows. TOKYO, May 24- The dollar held firm early on Wednesday, having rebounded from 6-1/ 2- month lows against its major peers thanks to a rise in U.S. It managed to pull away from the 96.797 level plumbed on Monday, its lowest since Nov. 9, when concerns over U.S. politics stemming from the Trump election campaign's suspected...

  • LONDON, May 24- Bond trading revenue at the world's top banks rebounded sharply in the first three months of the year as strong activity in credit and interest rate products eclipsed the lowest currency trading volume in over a decade, a survey showed on Wednesday. The period saw Donald Trump sworn in as U.S. president and an initial surge of investor optimism that...

  • *Loonie touches its strongest since April 24 at C $1.3457. In Canada, the Bank of Canada is widely expected to hold interest rates at 0.50 percent on Wednesday. The currency's weakest level of the session was C $1.3525, while it touched its strongest level since April 24 at C $1.3457.

  • *Wall Street rises as Trump federal budget plan released. *Sterling subdued after Manchester attack. NEW YORK, May 23- Oil prices inched up on Tuesday on expectations of a supply cut, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • NEW YORK, May 23- The dollar rose against a basket of major currencies on Tuesday as its worst week of losses in a year drove some profit taking and investors turned their attention to Wednesday's release of the minutes of the U.S. "It's a little bit of profit taking on some of the currency pairs," said Alfonso Esparza, senior currency analyst at OANDA in Toronto.

  • The dollar struggled to recover ground against other major currencies on Tuesday.

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • LONDON, May 23- Sterling stayed subdued on Tuesday, hovering below seven month-highs against the dollar as investors awaited further developments in Britain's suspended election campaign after a suicide bombing rocked the English city of Manchester. Britain's main political parties agreed to suspend campaigning ahead of the June 8 election until...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • *Wall Street rises as Trump federal budget plan released. *Euro dips; sterling subdued after Manchester attack. NEW YORK, May 23- Shares climbed across the euro zone on Tuesday after data showed robust growth, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • *Sterling recovers after dip on Manchester attack. "The noise around the political situation in the U.S. is keeping a lid on the dollar," said Brad Bechtel, managing director FX at Jefferies in New York. President Donald Trump's recent firing of FBI Director James Comey, who was overseeing a probe into possible links between the president's team and Russia, and...

  • *Loonie touches its strongest since April 24 at C $1.3457. The data points to a "healthy increase" in gross domestic product for the month, CIBC Capital Markets economist Nick Exarhos said in a research note. The price of oil, one of Canada's major exports, rose as expectations that the Organization of the Petroleum Exporting Countries and other producers will...