Canadian dollar rebounds as investors rethink tariff risk
1 month, 2 weeks ago

Canadian dollar rebounds as investors rethink tariff risk

Live Mint  

* Canadian dollar gains 0.6% against the greenback * Trades in a range of 1.3851 to 1.3948 * Price of U.S. oil settles 0.9% higher * Bond yields ease across the curve By Fergal Smith TORONTO, Nov 7 - The Canadian dollar strengthened against its U.S. counterpart on Thursday as the Federal Reserve cut interest rates and investors grew less anxious about the prospect of tariffs disrupting Canada's economy. On Wednesday, the currency posted its biggest decline since April, falling 0.8%, as investors globally reacted to the outcome of the U.S. presidential election. "We're in the post-election mode where the market says that Trump didn't really mean it when it came to tariffs," said Adam Button, chief currency analyst at ForexLive. The Fed cut interest rates by a quarter of a percentage point, adding to the half-percentage-point reduction the U.S. central bank delivered in September.

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History of this topic

Dollar firms as US rates outlook dominates
19 hours, 40 minutes ago

Dollar firms as US rates outlook dominates

Live Mint  

By Rae Wee SINGORE, - The dollar was on the front foot on Tuesday as the prospect of higher-for-longer U.S. interest rates remained top of investors' minds, leaving other currencies struggling near milestone lows. The Bank of Japan last week kept rates on hold and stayed vague on when it could next raise rates, an outcome which was in stark …

Canadian dollar recoups losses as investors assess BoC minutes
1 day ago

Canadian dollar recoups losses as investors assess BoC minutes

Live Mint  

* Loonie trades in a range of 1.4350 to 1.4433 * Canada's economy grows 0.3% in October * 10-year yield increases 1.8 basis points By Fergal Smith TORONTO, Dec 23 - The Canadian dollar steadied against the U.S. dollar on Monday, clawing back its earlier declines, as investors weighed domestic GDP data as well as minutes from the Bank of …

Dollar rebounds from inflation data drop, euro dips
1 day, 7 hours ago

Dollar rebounds from inflation data drop, euro dips

Live Mint  

By Chuck Mikolajczak NEW YORK -The dollar rebounded while the euro dipped on Monday, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year. "The key for the dollar right now is the policy divergence, and Powell going from more worried about unemployment than inflation, and then the …

Canadian dollar hits multi-year low on hawkish Fed
5 days, 22 hours ago

Canadian dollar hits multi-year low on hawkish Fed

Live Mint  

* Canadian dollar falls 0.9% against the greenback * Touches its weakest since March 2020 at 1.4444 * CAD 3-month implied volatility rises to 6.6 * Canadian bond yields rise across the curve By Fergal Smith TORONTO, Dec 18 - The Canadian dollar tumbled to a near five-year low against its U.S. counterpart on Wednesday as hawkish guidance from the …

TSX drops to two-week low amid econ
1 week, 4 days ago

TSX drops to two-week low amid econ

Live Mint  

By Ragini Mathur and Nikhil Sharma Dec 12 - Canada's main stock index dropped to a more-than-two-week low on Thursday, dragged by commodity stocks, as investors grew nervous about the domestic economic growth amid looming tariff threats by Donald Trump. The heavyweight energy also declined 2% as oil prices decreased following forecasts of ample supply, which offset the optimism around …

Euro drops vs strengthening dollar, French politics weigh
3 weeks, 1 day ago

Euro drops vs strengthening dollar, French politics weigh

Live Mint  

* Euro drops as concerns about French politics weigh * Markets still do not price in a government collapse in France * Dollar rises after first weekly fall since September * Yen off highs, ponder chance of BOJ rate hike By Stefano Rebaudo and Wayne Cole Dec 2 - The euro dropped on Monday versus a strengthening U.S. dollar on …

Trump tariff vow hit
3 weeks, 6 days ago

Trump tariff vow hit

Live Mint  

By Alden Bentley NEW YORK, - A pledge by President-elect Donald Trump to impose tariffs on products from Canada, Mexico and China sent their currencies lower against the dollar on Tuesday, renewing the specter of trade wars and fanning uncertainty in other currency pairs. But, of course, the peso is vulnerable to falling into those multi-year lows against the U.S. …

Dollar gains after Trump vows tariffs against Mexico and Canada
4 weeks ago

Dollar gains after Trump vows tariffs against Mexico and Canada

Live Mint  

SINGORE - The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada. The dollar has been on the back foot in the past few days as U.S. Treasury markets cheered Trump's pick …

Dollar gains after Trump vows tariffs against Mexico and Canada
Trending News
4 weeks ago

Dollar gains after Trump vows tariffs against Mexico and Canada

Live Mint  

SINGORE, - The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada. The dollar has been on the back foot in the past few days as U.S. Treasury markets cheered Trump's pick …

Canadian dollar extends breach of key psychological level
1 month, 1 week ago

Canadian dollar extends breach of key psychological level

Live Mint  

* Canadian dollar weakens 0.3% against the greenback * Touches its weakest since May 2020 at 1.4039 * Price of U.S. oil increases 0.5% * Bond yields ease across a flatter curve By Fergal Smith TORONTO, Nov 14 - The Canadian dollar weakened further beyond a key psychological level against its U.S. counterpart on Thursday, pressured by broad-based gains for …

Dollar retains strength against peers on Trump trade
1 month, 1 week ago

Dollar retains strength against peers on Trump trade

Live Mint  

By Chibuike Oguh and Alun John NEW YORK - The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled by market expectations since Donald Trump clinched a dramatic return to the White House. The number of Americans filing new applications for unemployment benefits fell last week, …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
1 month, 1 week ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

Canadian dollar hits 2-year low against dominant US counterpart
1 month, 1 week ago

Canadian dollar hits 2-year low against dominant US counterpart

Live Mint  

* Canadian dollar falls 0.2% against the greenback * Touches a 2-year low at 1.3967 * 10-year yield rises 8.9 basis points * Falls 116 basis points below US equivalent By Fergal Smith TORONTO, - The Canadian dollar weakened to a two-year low against its U.S. counterpart on Tuesday as the prospect of inflationary U.S. economic policy bolstered the greenback …

Dollar on track for weekly gain after Trump election win
1 month, 2 weeks ago

Dollar on track for weekly gain after Trump election win

Live Mint  

* US currency may consolidate on uncertainty over Trump policies * Japanese yen suffers from widening interest rate differential By Karen Brettell and Stefano Rebaudo Nov 8 - The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. …

Dollar on track for weekly gain after Trump election win
1 month, 2 weeks ago

Dollar on track for weekly gain after Trump election win

Live Mint  

By Karen Brettell and Stefano Rebaudo -The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. “We don't really know how much was campaign rhetoric, how much is a negotiating position, how much of it is speaking principle,” …

Dollar slips before Federal Reserve rate cut decision; here is all you need to know
1 month, 2 weeks ago

Dollar slips before Federal Reserve rate cut decision; here is all you need to know

Hindustan Times  

The dollar fell on Wednesday before the Federal Reserve is expected to cut rates by 25 basis points, while traders were Republicans also won the Senate majority, putting the party on track for a clean sweep that would allow it to make larger legislative changes. Investors will focus on whether Fed Chair Jerome Powell makes any reference to the election …

Dollar dips as US voters head to polls
1 month, 2 weeks ago

Dollar dips as US voters head to polls

Live Mint  

By Karen Brettell and Amanda Cooper -The U.S. dollar fell as U.S. voters headed to the polls on Tuesday, with the results of the elections likely to decide at least the near-term fate of the greenback. my sense is that people are cautious," said Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered …

Canadian dollar climbs to 10-day high on US election recalibration
1 month, 2 weeks ago

Canadian dollar climbs to 10-day high on US election recalibration

Live Mint  

* Canadian dollar gains 0.4% against the greenback * Touches its strongest level since Oct. 25 at 1.3876 * Price of US oil settles 2.85% higher * Ten-year yield eases 3.9 basis points By Fergal Smith TORONTO, - The Canadian dollar strengthened to a 10-day high against its U.S. counterpart on Monday as oil prices rose and investors reassessed the …

Dollar rises after August U.S. payrolls report paints mixed picture
3 months, 2 weeks ago

Dollar rises after August U.S. payrolls report paints mixed picture

The Hindu  

The dollar rose in volatile trading on Friday after data showed U.S. employment grew less than expected in August, but indicated only a steady slowdown in the labour market, likely supporting gradual interest rate cuts by the Federal Reserve. "A half-point rate cut at the central bank’s September meeting remains unlikely, but today’s release provided clear evidence of a sharp …

Dollar struggles to find footing on rising bets of outsized Fed cut
3 months, 2 weeks ago

Dollar struggles to find footing on rising bets of outsized Fed cut

The Hindu  

The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy's growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month. Global markets have been on edge and stocks, in particular, have been badly bruised after softer-than-expected U.S. data this week reignited concerns that the growth outlook of the world's …

Canada Unemployment Rises But Wages Spur Caution on July Cut
6 months, 2 weeks ago

Canada Unemployment Rises But Wages Spur Caution on July Cut

Live Mint  

-- Canada’s unemployment rate rose for the third time in four months, but rising wages and a strong US labor report prompted some economists to express caution on the pace of Bank of Canada rate cuts. “We expect that will lead to a gradual pace of interest rate reductions this year, with the Bank of Canada likely to cut at …

As Rishi Sunak assumes PM's office, Pound seems to be on recovery path
2 years, 1 month ago

As Rishi Sunak assumes PM's office, Pound seems to be on recovery path

India Today  

Hours after Rishi Sonak became Britain's third Prime Minister in two months on Tuesday, the British Pound witnessed a surge on improved risk sentiment and the dollar dipped to a three-week low. The announcement of former British PM Liz Truss's tax-cut policy sent the Pound Sterling crashing to a record low against the US Dollar last month. "Beyond a brief …

The Aussie dollar is dropping against the US currency, but it’s not all bad news
2 years, 2 months ago

The Aussie dollar is dropping against the US currency, but it’s not all bad news

ABC  

Paul O'Brien's costs are rising and it's not just supply chain issues, shipping delays and increasing inflation that we're all becoming accustomed to that is the cause. "It's been a case of all systems go for the US dollar," said Westpac's head of a foreign exchange strategy, Richard Franulovich. "The US dollar has been strong across the board this year …

Canada’s unemployment rate falls to record low
2 years, 5 months ago

Canada’s unemployment rate falls to record low

Al Jazeera  

Wage gains continue to accelerate while large numbers of Canadians drop out of the labour force. Canada’s jobs market showed signs of extreme tightening last month, with the unemployment rate falling to a record low, wage gains accelerating and large numbers of Canadians dropping out of the labor force. The economy shed 43,200 jobs in June, Statistics Canada reported Friday …

Canadian bank expects short-lived recession in 2023
2 years, 5 months ago

Canadian bank expects short-lived recession in 2023

Associated Press  

TORONTO — A report issued Thursday by the Royal Bank of Canada says the country is headed towards a recession in 2023, but it will be short-lived and not as severe as prior downturns. RBC economists said that soaring food and energy prices, rising interest rates and ongoing labor shortages will push the economy into a “moderate contraction″ next year. …

Dollar’s slump propels global peers toward multi-year peaks
4 years ago

Dollar’s slump propels global peers toward multi-year peaks

Live Mint  

The dollar’s protracted decline is spurring Group-of-10 peers toward multi-year highs. China’s economic rebound and bets on a successful roll-out of vaccines are bringing key levels into play for currencies from the euro to the Aussie and the Canadian dollar. “The improving outlook for global growth, combined with strong signals from the Fed that it will maintain loose monetary policy …

US dollar falls to 2018 lows amid covid vaccine optimism
4 years, 1 month ago

US dollar falls to 2018 lows amid covid vaccine optimism

Live Mint  

The dollar dropped to a two-and-a-half year low as the prospect of vaccine roll-outs added to headwinds for the world’s reserve currency. The Bloomberg Dollar Spot Index fell as much as 0.2% to an April 2018 low after US officials said vaccinations may start in less than three weeks. “The vaccine news is favoring the view of a sooner-rather-than-later global …

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