Latin American currencies fell
against a firm dollar on Wednesday, with the Brazilian real
spearheading the decline on mounting bets of rate cuts, while
Chile's peso fell due to a drop in copper ...
The U.S. dollar retreated
from a more than two-month high on Wednesday after a Federal
Reserve official warned any decision by the central bank to hold
its benchmark overnight interest rate firm at ...
Argentina's central bank purchased $451 million of foreign currency on Wednesday to bolster its dwindling hard currency reserves, after daily sales from farm exports topped $1 billion, providing some relief for the country's hard-hit finances. The currency move on Wednesday marks the biggest such purchase since late December.
* Canadian dollar gains 0.2% against the greenback. * Canadian first-quarter GDP increases 3.1% * Price of U.S. oil settles nearly 2% lower. * Canada-U.S. 2-year spread narrows by 4.5 basis points. By Fergal Smith.
The U.S. stock market tumbled on Wednesday following the release of the JOLTS report, which showcased an unexpected increase in job vacancies to 10.1 million, surpassing the anticipated 9.375 million.
* SNB CHAIRMAN: WE HAVE TO BRING INFLATION BELOW 2% AS SOON AS POSSIBLE. * SNB CHAIRMAN: THE LONGER INFLATION IS ABOVE 2%, IT BECOMES ENTRENCHED AND HARDER TO BRING IT DOWN. * SNB CHAIRMAN: SEES INFLATION RISKS HIGHER THAN DEFLATION IN THE FUTURE, DUE TO DEGLOBALISATION. * SNB CHAIRMAN: CURRENTLY DOES NOT SEE NECESSITY FOR E SWISS FRANC Source text for Eikon: Further company coverage:
Latin American currencies were pulled
down on Wednesday by a drop in the Brazilian real on mounting
bets of rate cuts from the country's central bank, while Chile's
peso also fell after the ...
* Canadian dollar weakens 0.2% against the greenback. * Canadian first-quarter GDP increases 3.1% * Price of U.S. oil falls 0.6% * Canada-U.S. 2-year spread narrows by 5 basis points. By Fergal Smith.
The U.S. dollar
rose strongly on Wednesday to a more than two-month high after
data showed European inflation is cooling quicker than expected
and China's recovery is sputtering.
The U.S. dollar has soared to levels unseen since mid-March, fueled by encouraging progress on the debt ceiling deal and mounting expectations of impending Federal Reserve interest rate hikes. The debt limit deal cleared the major hurdle of the House Rules Committee on Tuesday, in a 7-6 vote.
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