* Major U.S. indices end week sharply lower. * U.S. dollar sets best weekly gain in over a year. * Oil futures post fourth week of gains. By Pete Schroeder. All three main indices on Wall Street dropped Friday with investors wary of a more hawkish stance from the U.S. Federal Reserve, while the dollar posted the strongest gains in over a year and oil prices continued a steady climb.
The Canadian dollar weakened to
its lowest level in nearly eight weeks against the greenback on
Friday and posted its biggest weekly decline since March last
year, as the Federal Reserve's more ...
Chile's peso slipped to its lowest level
this year, while Mexico's currency hit a 13-week low as hawkish
comments from a Federal Reserve official pushed up the dollar
and hit commodity ...
Mexico's peso slumped 1.6% on Friday to
13-week lows, leading heavy losses across Latin American peers
as a rallying dollar and falling commodity prices weighed.
The peso extended losses to ...
* Major U.S. indices open sharply lower. * Treasury yields rise; dollar near two-month highs. By Huw Jones and Pete Schroeder. Wall Street opened lower on Friday as investors reassessed their stance after the Federal Reserve projected interest rate hikes arriving sooner than once thought, while the dollar and U.S. Treasury yields continued to gain ground.
The Canadian dollar fell to a
seven-week low against its U.S. counterpart on Friday and was on
track for its biggest weekly decline since March last year, as
the Federal Reserve's more hawkish ...
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. By Elizabeth Howcroft. Sterling extended its fall against the U.S. dollar on Friday, dropping below $1.39, hurt by the U.S. Federal Reserve's hawkish surprise and an unexpected fall in Britain's retail sales.
* Fed's hawkish shift has dollar up 1.5% this week. * 'A meaningful re-thinking of dollar prospects' -analyst. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Julien Ponthus. The dollar was headed for its best week in nearly nine months on Friday, with rival currencies struggling to shake the pressure exerted by the Federal Reserve's sudden hawkish shift in tone.
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