Foreign Exchange News Results

  • EMERGING MARKETS-Colombia cenbank springs surprise rate cut; Mexico peso up

    Colombia's central bank lowered its main interest rate in a surprise move on Friday, while Mexico's peso strengthened after the nation's central bank chief said it was undervalued on a ...

  • CANADA FX DEBT-C$ flat vs weaker U.S dollar, GDP data eyed

    The Canadian dollar was little changed against a broadly weaker U.S. currency on Friday and gained 0.4 percent against the greenback on the week, but could face pressure next week if tepid retail ...

  • Dollar hits 2-month low as euro extends gains

    Euro breaks above $1.19 for first time since late September. The U.S. dollar hit its lowest since Sept. 25 on Friday and was on track for a third weekly loss in a row, driven by a rallying euro and concerns that the Federal Reserve may be hesitant to deliver further interest-rate increases due to stubbornly low inflation. Overall, trading is light in the wake of the U.S.' s Thanksgiving holiday on Thursday and an abbreviated schedule for U.S. markets Friday.

  • FOREX-Dollar near 2-month low as strong economic data underpins euro

    * Dollar index hits lowest since Sept. 26. * Euro rises to highest in nearly 2 months. By Dion Rabouin. The dollar fell to its lowest since late September against a basket of currencies on Friday as investors grew optimistic about the strength of the euro zone's recovery and lost appetite for the greenback.

  • BULLET: FOREX: The euro remained buoyed in much of the.......

    FOREX: The euro remained buoyed in much of the European session as better than expected economic data continued to flow in helped by general euro strength in thin markets. Eur/Usd broke above $1.1860 ahead of the German Ifo data. As the data was released the pair showed minimal upward reaction to stronger than forecast headline German Ifo. There was talk of $1.1800 psychological figure possibly serving as a point of resistance, however, Eur/Usd continued on a tear, printing one intra-day high after another. As UST yields firmed the dollar got an added lift and Usd/Jpy rose to Y111.52. The pair was seen approaching resistance from the daily high (Y111.56) before fading. Pullback off the high in UST yields has seen Usd/Jpy drift towards the Y111.35/40 area in early NY. Persistent dollar sales extended to Y111.34 before meeting support from the European low. In the early European trading hours Aussie broke the narrow Asia range with added weight via the crosses. Aud/Usd touched extended pullback lows of $0.7610 with demand reported on approach to $0.7600 ($0.7604 - Nov23 low). As cross sales started to pressure (Aud-Jpy/Eur-Aud), rate moved through the Asia low to $0.7607 before fading.

  • BULLET: GOLD: The yellow metal traded slightly higher in.....

    GOLD: The yellow metal traded slightly higher in early Europe as price moved from $1289.64-$1291.77 before dropping to intra-day low of $1285.74. The move lower did not appear to be dollar related and seemed isolated to the precious metal. - In the European afternoon gold clawed back some of the earlier losses and rose from intra-day lows of $1285.74 to $1291.42. - Price action in the bullion was mainly subdued in the rest of Europe even though Dxy made a fresh low of 92.67. The move lower in Dxy could be possibly attributed to euro strength through Eur/Usd rather than dollar weakness and did not have much of an impact on Gold. - MNI technical analysis sees support at $1279.0 (low Nov 22) and resistance at $1297.0 (hourly Nov 17) with price currently sitting at $1288.21.

  • BULLET: US EURODLR FUTURES CLOSE: Steady to lower at.........

    US EURODLR FUTURES CLOSE: Steady to lower at closing bell, curve modestly steeper as Greens underperform in quiet session with volume around half of day average. Current White pack (Dec'17-Sep'18): * Dec 17 unch at 98.45 * Mar 18 -0.005 at 98.28 * Jun 18 -0.015 at 98.13 * Sep 18 -0.025 at 98.04 * Reds (Dec 18-Sep 19) -0.025 to -0.02 * Greens (Dec 19-Sep 20) -0.025 * Blues (Dec 20-Sep 21) -0.025 to -0.02 * Gold (Dec 21-Sep 22) -0.02

  • BULLET: US EURODLR FUTURES: Seeing Sep8/Mar9 (EDU8/EDH8).....

    US EURODLR FUTURES: Seeing Sep8/Mar9 (EDU8/EDH8) spread given at 11 in 5k

  • GLOBAL MARKETS-Stocks set fresh record high on business outlook, euro rises

    * MSCI's all-country world index sets fresh record high. * Nasdaq, S&P 500 also climb to new records. * Euro hits two-month high against U.S. dollar. * Crude oil advances. By Herbert Lash.

  • EMERGING MARKETS-LatAm markets quiet; Mexico peso up

    The Mexican peso strengthened on Friday after the nation's central bank governor said the currency was undervalued, on a day of quiet activity in Latin American markets.

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