Currencies Foreign Exchange

  • SYDNEY, Jan 18- Buying on the back of a weaker dollar tipped London copper into positive territory in early on Wednesday, reversing a slide overnight on uncertainties over U.S. President-elect Donald Trump's economic program. Three-month LME copper was up 0.4 percent at $5,778 a tonne by 0700 GMT, after ending nearly 2 percent lower overnight.

  • HONG KONG, Jan 18- Asian stock markets stabilized near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged U.S. The firmness in Asia is expected to extend to Europe with stock futures in key European markets pointing to a higher start. "Trump's comments on the dollar has helped relieve downward pressure on the renminbi and on...

  • TOKYO, Jan 18- Japan's economy is expected to grow at a slightly faster pace in the fiscal year starting in April than projected last month, but there is heightened uncertainty over the outlook as U.S. While a weaker yen is supporting Japan's export-driven economy, analysts are cautious given risks that Trump's policies might trigger a reversal in the...

  • TOKYO, Jan 18- The dollar took a breather on Wednesday after falling to a seven-week low against the yen as investors await Federal Reserve Chair Janet Yellen's speech on monetary policy, while sterling gave back some of the previous session's rally. The euro slipped 0.2 percent to $1.06970, after it hit a high of $1.07195 on Tuesday, its highest since Dec. 8.

  • Stock markets in Hong Kong and China led the gains. "Trump's comments on the dollar has helped relieve downward pressure on the renminbi and on Chinese equities and we have seen a steady pick up in capital flows from mainland investors into Hong Kong stocks," said Alex Wong, a portfolio manager at Ample Capital with $100 million in assets under management.

  • *Dollar index wallows at lowest levels since Dec. 8. President-elect Donald Trump's comments showing concern over the currency's strength, while sterling edged down after posting its biggest one-day gain since at least 1998 after British Prime Minister Theresa May outlined her' Brexit' plans. The dollar index, which measures the greenback against the six...

  • HONG KONG, Jan 18- The British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session, while Asian stocks are set to drift lower following a weak Wall Street. Sterling saw its biggest daily rise since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal...

  • *Loonie touches its strongest since Oct. 19 at C $1.3019. TORONTO, Jan 17- The Canadian dollar strengthened to a nearly three-month high against its U.S. counterpart on Tuesday, one day before a Bank of Canada interest rate decision and updated outlook, as a New Year selloff of the greenback deepened. Analysts expect the Bank of Canada to announce on Wednesday that it...

  • NEW YORK, Jan 17- U.S. stocks and the dollar fell while gold and government bonds rose on Tuesday as investors fled for safety after President-elect Donald Trump said the U.S. currency was too strong and they also questioned if his campaign promises would be fulfilled. Meanwhile sterling jumped as Prime Minister Theresa May said Britain would quit the European...

  • *Dollar index hits lowest since Dec. 8. NEW YORK, Jan 17- The dollar fell to a four-week low on Tuesday, moving lower against all Group of 10 currencies with sterling leading the charge after a soothing speech on Brexit from British Prime Minister Theresa May triggered the pound's largest one-day percentage gain since at least 1998.. The pound, already up more than 1...

  • *Dollar index hits lowest since Dec. 8. NEW YORK, Jan 17- The dollar fell to a four-week low on Tuesday, moving lower against all Group of 10 currencies with sterling leading the charge after a soothing speech on Brexit from British Prime Minister Theresa May triggered the pound's largest one-day percentage gain since at least 1998.. The pound, already up more than 1...

  • Theresa May triggered the pound's biggest jump in eight years.

  • Anthony Scaramucci, SkyBridge Capital Founder and aide to U.S. President-elect Donald Trump, speaks at the World Economic Forum in Davos, Switzerland, on Tuesday, Jan. 17, 2017.

    Former hedge-fund manager and Davos party boy Anthony Scaramucci is presenting himself as an "interpreter" for Trump.

  • *Dryness seen continuing in Brazil's robusta region. NEW YORK/ LONDON, Jan 17- Robusta coffee futures on ICE rose to a 4-1/ 2 year high on Tuesday, lifted by prospects for a smaller crop in Brazil due to poor weather, while New York cocoa turned higher as the British pound surged. Meteorologist MDA Information Systems forecast that despite weekend rains in parts of...

  • *FTSE 100 in biggest one-day fall since June. LONDON, Jan 17- Sterling saw its biggest daily gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit. One media report at the weekend had quoted a Downing Street source as...

  • LONDON, Jan 17- Sterling saw its biggest gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit. The FTSE 100 share index, which has tended to rise as sterling dropped in a series of sell-offs since the vote for Brexit last June,...

  • *Dollar index hits lowest since Dec. 8. NEW YORK, Jan 17- The dollar fell to a four-week low on Tuesday, moving lower against all Group of 10 currencies with sterling leading the charge after a soothing speech on Brexit from British Prime Minister Theresa May triggered the pound's largest one-day percentage gain since 2008.. The euro rose above $1.07 for the first...

  • Skyscrapers new york city, office buildings, corporate, corporate america

    Fourth quarter earnings have generally been above expectations. But 2016 wasn't exactly a banner year for earnings.

  • LONDON, Jan 17- Sterling saw its biggest gains since 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit. The FTSE 100 share index, which has tended to rise as sterling dropped in a series of sell-offs since the vote for Brexit last June,...

  • *Loonie touches its strongest since Oct. 19 at C $1.3019. TORONTO, Jan 17- The Canadian dollar strengthened to a nearly three-month high against its U.S. counterpart on Tuesday, one day before a Bank of Canada interest rate decision, as oil rallied and a New Year selloff of the greenback deepened. Recent domestic data has shown a surge in jobs in December and the first...