Forex News
CANADA FX DEBT-C$ steady following earlier losses on domestic data
Fri, 20 Jan 2017 22:10:44 +0000
* Canadian dollar at C$1.3315 or 75.10 U.S. cents * Bond prices mostly higher across the maturity curve By Solarina Ho TORONTO, Jan 20 (Reuters) - The Canadian dollar pared earlier...
UPDATE 1-Speculators pare back long U.S. dollar bets for 2nd straight week-CFTC, Reuters
Fri, 20 Jan 2017 21:59:49 +0000
(Adds details on dollar and Mexican peso contracts, analyst comments, table, byline) By Gertrude Chavez-Dreyfuss NEW YORK, Jan 20 (Reuters) - Speculators reduced long bets on the U.S. dollar...
GLOBAL MARKETS-Dollar falls, U.S. stocks end higher after Trump inauguration
Fri, 20 Jan 2017 21:58:18 +0000
* Stocks recover some ground after paring gains on Trump speech
Dow snaps 5-day slide, but closes off highs after President Trump's protectionist speech
Fri, 20 Jan 2017 21:37:00 +0000
U.S. equities closed higher in choppy trade on Friday after Donald Trump took a protectionist tone in his first speech as president.
FOREX-Dollar falls as investors unpack inauguration speech
Fri, 20 Jan 2017 21:23:25 +0000
* Mexican peso has biggest rise since November (Recasts; updates to afternoon U.S. trading, adds quote)
Speculators trim net long U.S. dollar bets for 2nd straight week-CFTC, Reuters
Fri, 20 Jan 2017 20:52:06 +0000
NEW YORK, Jan 20 (Reuters) - Speculators reduced long bets on the U.S. dollar for a second straight week, as investors continued to pare back overextended positions on the greenback and worried about...
PRECIOUS-Gold turns firm as dollar falls after Trump inauguration
Fri, 20 Jan 2017 20:20:03 +0000
* Weak U.S. dollar supports gold price * Palladium soars 5.2 pct to highest since May 2015 (Recasts; updates prices; adds comment, byline, NEW YORK dateline) By Marcy Nicholson and Eric...
Dollar mixed after Trump's inauguration speech
Fri, 20 Jan 2017 19:51:00 +0000
The dollar edged lower in choppy trading on Friday as investors found few reasons to make big bets on the U.S. currency.
FOREX-Dollar mixed after Trump's inauguration speech
Fri, 20 Jan 2017 19:10:00 +0000
* Trump's speech does not highlight policy specifics (Adds new quotes, data, Trump inauguration info)
GLOBAL MARKETS-Dollar falls, stocks pare gains after Trump inauguration
Fri, 20 Jan 2017 19:01:42 +0000
* Trump says to put "America First" (Updates with afternoon prices, adds commentary)
Pound limps away from frantic week higher
Fri, 20 Jan 2017 18:12:25 +0000
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv
EMERGING MARKETS-Latam currencies up ahead of Trump inauguration
Fri, 20 Jan 2017 16:20:50 +0000
SAO PAULO, Jan 20 (Reuters) - Latin American currencies strengthened on Friday on a tentative rebound in risk appetite ahead of the inauguration of U.S. President-elect Donald Trump. The Mexican...
U.K. Retail Sales Fall At Fastest Pace Since 2012
Fri, 20 Jan 2017 11:26:13 +0000
U.K. retail sales declined at the fastest pace in more than four years in December as consumers minimized their spending amid rising inflation. Retail sales volume including auto fuel fell 1.9 percent from November, when it dropped by a marginal 0.1 percent, the Office for National Statistics said Friday.
U.S. Dollar Falls After Fed's Yellen Comments
Fri, 20 Jan 2017 07:24:29 +0000
The U.S. dollar weakened against other major currencies in the Asian session on Friday, as the U.S. Federal Reserve Chair Janet Yellen showed no hints to raise interest rates.
European Economics Preview: U.K. Retail Sales Data Due
Fri, 20 Jan 2017 06:22:38 +0000
Retail sales from the U.K. is the only major report due on Friday, headlining a light day for the European economic news.
Antipodean Currencies Rise After China GDP Data
Fri, 20 Jan 2017 06:07:24 +0000
Antipodean currencies such as the Australian and the New Zealand dollars strengthened against their major counterparts in the Asian session on Friday, after data showed that China's gross domestic product expanded more than expected on year in the fourth quarter of 2016.
China's GDP Growth Improves In Q4
Fri, 20 Jan 2017 05:41:18 +0000
China's economy expanded at a faster pace in the fourth quarter on spending, while the full-year growth hit the weakest in 26 years, data from the National Bureau of Statistics revealed Friday. Gross domestic product grew 6.8 percent in the fourth quarter, while economists expected the rate to stabilize again at 6.7 percent.
Yuan uptrend is 'uninterruptible': Guppy
Fri, 20 Jan 2017 03:09:00 +0000
Daryl Guppy, Guppytraders.com, looks at the charts for the Chinese yuan and the dollar index.
Has the dollar lost steam£
Fri, 20 Jan 2017 02:51:00 +0000
Sean Callow, Westpac Bank, says that he's surprised that the USD is down after Yellen's speech on proposed Fed rate hikes.
Dow posts 5-day losing streak as Wall Street gets set for Inauguration Day
Thu, 19 Jan 2017 21:27:00 +0000
U.S. equities closed lower on Thursday as investors eagerly awaited President-elect Donald Trump's inauguration.
Pro: People will pile back into long dollar trade after inauguration
Thu, 19 Jan 2017 21:22:00 +0000
David Woo, Bank of America head of global rates & currency, weighs in on the U.S. dollar following Donald Trump's inauguration.
Dollar gains, euro dips after solid US data, ECB meeting
Thu, 19 Jan 2017 19:41:00 +0000
The dollar climbed on Thursday as solid U.S. data reinforced a theme of robust U.S. economic growth.
Mnuchin: Honoring U.S. debt most important thing
Thu, 19 Jan 2017 17:27:00 +0000
At the Senate Finance Committee hearing for his confirmation to be secretary of the Treasury Department, Steven Mnuchin answers questions about the U.S. debt ceiling, and whether GOP tax plans will add debt.
Draghi Says Underlying Inflation Pick Up Unconvincing
Thu, 19 Jan 2017 15:23:04 +0000
Eurozone inflation is being driven largely by energy costs and the recent pick up in momentum is unlikely to sustain, European Central Bank President Mario Draghi said Thursday, adding that policymakers will continue to look through transient changes. "There are no signs yet of a convincing upward trend in underlying inflation," Draghi said.
Philly Fed Index Unexpectedly Climbs To Two-Year High In January
Thu, 19 Jan 2017 14:32:28 +0000
Philadelphia-area manufacturing activity unexpectedly grew at a faster pace in the month of January, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its index for current manufacturing activity in the region rose to 23.6 in January from a revised 19.7 in December.
U.S. Housing Starts Rebound In December But Building Permits Dip
Thu, 19 Jan 2017 14:22:40 +0000
After reporting a steep drop in new U.S. residential construction in the previous month, the Commerce Department released a report on Thursday showing that housing starts saw a significant rebound in the month of December. The Commerce Department said housing starts jumped by 11.3 percent to an annual rate of 1.226 million in December.
U.S. Weekly Jobless Claims Unexpectedly Drop To Two-Month Low
Thu, 19 Jan 2017 14:09:44 +0000
First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended January 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 234,000, a decrease of 15,000 from the previous week's revised level of 249,000.
ECB Holds Fire Amid Robust Eurozone Economic Activity
Thu, 19 Jan 2017 13:23:00 +0000
The European Central Bank left its key interest rates unchanged for a seventh consecutive policy session and maintained its asset purchases, which will continue at a reduced pace till the end of this year, as the solid economic momentum is sustained in the euro area despite the continuing political flux.
Globalization Should Benefit Everyone, UK PM May Says At Davos
Thu, 19 Jan 2017 12:10:26 +0000
Governments and businesses should adopt a new approach to help everyone benefit from globalization, British Prime Minister Theresa May said Thursday. In a speech at the World Economic Forum meeting at Davos, Switzerland, May urged all businesses to demonstrate leadership through playing by the same tax rules.
David Rubenstein on strong US dollar and Steve Mnuchin
Thu, 19 Jan 2017 10:10:00 +0000
David Rubenstein, The Carlyle Group, weighs in on the impact of a strong U.S. dollar on exports and emerging markets. Also Rubenstein comments on Steve Mnuchin's nomination for Treasury. I suspect he will impress a number of senators, says Rubenstein.
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