The Canadian dollar strengthened to an 11-day high against the greenback on Friday as oil prices rose and hotter-than-expected domestic inflation data raised the chances of a further Bank of Canada interest rate hike over the coming months. The annual inflation rate rose to 2.2 percent, a three-year
Ireland on Friday chose Amundi , BlackRock Investment Management , and Goldman Sachs Asset Management to manage up to 15 billion euros in disputed taxes Brussels has ordered it to collect from Apple. The ...
In a sleek new high-rise in Uganda's capital, an enthusiastic lecturer described his financial success with the cryptocurrency bitcoin while his earnings were projected on a screen. "What I have earned in one-and-a-half years from bitcoin is more than I earned in 10 years as a teacher,"
The dollar was pinned near one-month lows on Friday and was on course for its biggest weekly drop in four as investors feared escalating trade tensions could hurt global growth. "It looks like there are a number of signs of a slower pulse going forward for global growth," said Paul Mortimer-Lee
The Canadian dollar weakened against its U.S. counterpart on Thursday, pulling back from an earlier 10-day high, as the potential for a global trade war offset optimism about a NAFTA trade deal. U.S. stocks slumped as President Donald Trump's move to impose tariffs on up to $60 billion of Chinese
The yen rose on Thursday, reaching a three-week peak against the dollar, as traders sought safety in the Japanese currency amid global trade tensions and weakness on Wall Street. U.S. President Donald Trump signed a presidential memorandum on Thursday that could impose tariffs on up to $60 billion of
The pound traded close to seven-week high against the dollar on Thursday, heading higher after stronger-than-expected U.K. retail sales and as traders waited for the latest Bank of England announcement....
Rising oil prices and optimism on NAFTA trade talks helped push the dollar and Canada's main stock index higher Wednesday while U.S. markets ended slightly down after the Federal Reserve raised interest rates. The Canadian dollar climbed 0.70 of a US cent to close at 77.17 cents US after encouraging
The loonie posted its biggest gain against the U.S. dollar in nearly four months on Wednesday, buoyed by optimism about a NAFTA trade deal and higher oil prices, while the greenback broadly fell even as the Federal Reserve hiked interest rates. The U.S. dollar (.DXY) extended its decline against a basket
The dollar recorded its largest one-day loss in two months against a basket of currencies on Wednesday as Federal Reserve officials stuck to their view of three rate increases for 2018 as they want to see a further pickup in inflation. “It looks like a bit of a letdown even though the Fed’s overall
The Bank of Canada said on Wednesday it would establish a working group to consider the creation of a new risk-free Canadian dollar interest rate benchmark that is reliable and resilient to any market stress. The creation of the benchmark, which would exist alongside the Canadian Dollar Offered Rate
A strong euro and higher funding costs would have a 450 million euro ($553 million) impact on Deutsche Bank (DBKGn.DE) in the first quarter of the year, the German lender's finance chief warned on Wednesday. James von Moltke, the bank's chief financial officer, said a stronger euro was turning
Strength in the energy sector, boosted by rising oil prices, helped lift Canada's main stock index Tuesday while the Canadian dollar was largely unchanged. The S&P/TSX composite index closed up 26.97 points to 15,616.36 as the May crude contract rose 2.7 per cent. The rise in oil prices came from
The Canadian dollar steadied against its broadly stronger U.S. counterpart on Tuesday as oil prices rose and domestic data showed an increase in wholesale trade, while investors braced for a potential Federal Reserve interest rate hike on Wednesday. "I think this market is just waiting for the
A rise in oil prices to three-week highs helped lift equity markets worldwide on Tuesday, while the U.S. dollar jumped ahead of a meeting of Federal Reserve policymakers, who are expected to go ahead with the first of at least three U.S. rate hikes this year. U.S. technology stocks lagged broader markets
The dollar rose to a nearly three-week high against a basket of major currencies on Tuesday, as investors awaited clues from the Federal Reserve on its outlook for the U.S. economy and how many interest rate increases it may embark on in 2018. Investors will watch for new quarterly forecasts from Fed