The dollar edged higher against the euro on Thursday after data showed the U.S. economy maintained a strong pace of growth in the fourth quarter, backing the case for the U.S. Federal Reserve to maintain its hawkish stance for longer. Gross domestic product increased at a 2.9% annualised rate last quarter, the Commerce Department said in its advance fourth-quarter GDP growth estimate.
* Canadian dollar strengthens 0.4% against the greenback. * Touches its strongest since Nov. 18 at 1.3304. * Price of U.S. oil settles 1.1% higher. * Canadian bond yields rise across curve. By Fergal Smith.
* U.S. economic growth beats expectations. * Solid GDP data offsets signs of economic weakness. * Oil prices firm on China demand optimism. By Herbert Lash and Huw Jones.
Latin American currencies rose for a
fifth straight session on Thursday, boosted by gains in the
Peruvian sol while Chile's peso edged higher ahead of an
interest rate decision by the ...
* U.S. economic growth beats expectations. * Wall Street climbs on soft landing hopes. * Oil prices firm on China demand optimism. By Herbert Lash and Huw Jones. A gauge of global stock performance rose and the dollar strengthened on Thursday after a slew of data showed a strong U.S. economy that is decelerating with slowing inflation, suggesting the Federal Reserve can engineer a soft landing.
Latin American currencies snapped
their four-day winning streak on Thursday against a firm dollar,
but the Peruvian sol rallied against the greenback limiting
losses on the broader index.
The ...
By Saqib Iqbal Ahmed. The dollar edged higher against the euro on Thursday after data showed the U.S. economy maintained a strong pace of growth in the fourth quarter, even as momentum appears to have slowed towards the end of the year. Gross domestic product increased at a 2.9% annualised rate last quarter, the Commerce Department said in its advance fourth-quarter GDP growth estimate.
* Canadian dollar strengthens 0.5% against the greenback. * Touches its strongest since Nov. 18 at 1.3304. * Price of U.S. oil rises 2.1% * Canadian bond yields rise across curve.
Mastercard Inc (MA): * Mastercard Inc (MA) - FOURTH QUARTER GROSS DOLLAR VOLUME UP 8% AND PURCHASE VOLUME UP 11%, ON A LOCAL CURRENCY BASIS. * Mastercard Inc (MA) - QTRLY CROSS-BORDER VOLUME GROWTH OF 31% ON A LOCAL CURRENCY BASIS. * Mastercard Inc (MA) - MACROECONOMIC AND GEOPOLITICAL UNCERTAINTY PERSISTS, CONSUMER SPENDING HAS BEEN REMARKABLY RESILIENT.
The dollar edged up on Thursday after sinking to an eight-month low against peers ahead of U.S. economic data, with investors expecting a recession to encourage the Federal Reserve to slow down its monetary tightening push.
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