Currencies Foreign Exchange

  • TORONTO, Feb 22- The Canadian dollar strengthened to its highest in more than two weeks against the greenback on Friday, as hopes rose for a trade deal between the United States and China and as domestic data showed a lower-than-expected drop in retail sales. At 4:36 p.m., the Canadian dollar was. "It is less about the loonie and more about the U.S. dollar, generally...

  • *Trump may extend March 1 deadline for U.S.- China trade talks. *China agrees to buy up to $1.2 trillion in U.S. goods-CNBC. Trump also said on Friday that if he saw progress in trade talks with China, he might be inclined to extend negotiations beyond a March 1 deadline, and suggested it was likely the globe's two largest economies would be able to make a deal.

  • LONDON, Feb 22- Sterling bobbed around the $1.30 mark on Friday but was set to snap a three-week losing streak as investors waited to see if last-minute talks between the United Kingdom and the European Union can yield tweaks to the Brexit withdrawal agreement. "Without a breakthrough in Brexit talks it will be difficult for sterling to go through these levels,"...

  • *Zimbabwe economy choked by cash shortages. HARARE, Feb 22- Zimbabwe underwent a de facto devaluation on Friday as its central bank began trading a sharply discounted replacement currency, attempting to ease a cash crunch that has hobbled the economy and plunged millions deep into poverty. Effectively reintroducing a national currency, the Reserve Bank of...

  • *Chile's peso at best levels since August 2018. Feb 22- Brazil stocks rose on Friday as signs of progress in the ongoing trade talks between the United States and China overshadowed global growth fears, boosting appetite for equities globally. "The movement today is purely externally driven, there is no local optimism and we have not seen any news or progress with...

  • TORONTO, Feb 22- The Canadian dollar strengthened against its U.S. counterpart on Friday, rebounding from an earlier three-day low as stocks and oil prices rose and domestic data showed a drop in retail sales that was less than the market expected. "The slight increase in volumes will see monthly GDP tracking forecasts around the 0.0 percent mark for December,...

  • Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), June 25, 2018 in New York City.

    We are still in the longest bull market on record, yet the entire trading community seems convinced the bull is about to roll over.

  • *Zimbabwe economy choked by cash shortages. HARARE, Feb 22- Zimbabwe's central bank began trading a sharply discounted replacement currency on Friday, attempting to ease a cash crunch that has hobbled the economy and plunged millions deep into poverty. Zimbabwe adopted the dollar in 2009 but, as a chronic hard currency shortage worsened, introduced a parallel...

  • LONDON, Feb 22- The euro dipped on Friday after a survey showed German business morale fell for the sixth month in a row, while the Australian dollar rebounded after China denied it had banned imports of the country's coal. It hit a two-week high of $1.1371 on Wednesday, helped by hopes for an easing of the U.S.- China trade conflict. "In the end, it is mainly the prospect...

  • HARARE, Feb 22- Zimbabwe's central bank began trading a sharply discounted replacement currency on Friday, attempting to ease a cash crunch that has hobbled the economy and plunged millions deeper into poverty. The Reserve Bank of Zimbabwe said on Wednesday it would scrap the official 1: 1 peg between its quasi-currency bond note and the U.S. dollar, creating a...

  • LONDON, Feb 22- The euro held near a two-week high on Friday as investors waited for signs of how the euro zone economy is faring, while the Australian dollar rebounded after China denied it had banned imports of the country's coal. But hopes for an easing of the U.S.- China trade conflict pushed it up 0.2 percent on Friday, to $1.1351. Traders are watching for...

  • TOKYO, Feb 22- The dollar held gains against its peers early on Friday, bolstered by a rise in U.S. yields, while the Aussie clawed back some of its recent plunge on upbeat central bank comments and easing concerns about China's ban on Australian coal imports. The dollar index against a basket of six major currencies was little changed at 96.582 after edging up about...

  • TOKYO, Feb 22- Japanese Finance Minister Taro Aso said on Friday that U.S. President Donald Trump has never mentioned currencies when discussing trade with Japan. Aso spoke in response to a question about media reports that the United States had requested a provision on yuan stability in trade talks with China and how that could affect Japan's trade talks with...

  • Feb 21- Most Latin American currencies softened on Thursday against a resurgent dollar, with Brazil's real leading the losses as caution about the progress of the government's pension reform proposal weighed, while commodity-linked currencies such as the pesos of Chile and Colombia slipped. Alessandro Faganello, a currency trader with Advanced Corretora...

  • TORONTO, Feb 21- The Canadian dollar weakened against the greenback on Thursday, as lower oil prices offset stronger-than-expected domestic data and Bank of Canada Governor Stephen Poloz continued to signal a more gradual pace of future interest rate hikes. At 4:04 p.m., the Canadian dollar was. The Bank of Canada has raised interest rates by 125 basis points...

  • NEW YORK, Feb 21- The dollar on Thursday recovered from earlier losses spurred by soft U.S. economic data, as investors consolidated positions and looked for fresh trading incentives amid U.S.- China trade negotiations and talks related to Britain's exit from the European Union. "We had weak U.S. data earlier that pushed the dollar lower, but now that move is over,"...

  • *Zimbabwe needs influx of forex to stabilise economy. HARARE, Feb 21- Zimbabwe's decision to scrap a peg between its quasi-currency bond notes and the U.S. dollar brings a welcome end to a failing monetary policy, but it is not the solution to a deeper crisis, economists said on Thursday. The Reserve Bank of Zimbabwe on Wednesday said it would carry out a "managed float"...

  • NEW YORK, Feb 21- The U.S. dollar fell against most major currencies on Thursday, hurt by weaker-than-expected U.S. economic data that affirmed expectations the Federal Reserve will hold interest rates this year. "Overall, the durable goods data provide further reason to think that economic growth will soon slow to below its 2 percent potential pace, which will...

  • *ADP data shows Canada added 35,400 jobs in January. TORONTO, Feb 21- The Canadian dollar was little changed against the greenback on Thursday, holding near its strongest level in two weeks as domestic data showed a surprise rise in wholesale trade and ahead of a speech by Bank of Canada Governor Stephen Poloz. A separate report, from ADP, showed that Canada added...

  • LONDON, Feb 21- Sterling was lifted on Thursday by hopes that Prime Minister Theresa May can secure changes to her Brexit deal from Brussels. The British currency has swung wildly in recent sessions as May tries to persuade European Commission chief Jean-Claude Juncker to modify her withdrawal deal and then get the tweaked agreement through the British...