Asian stocks rose to a 10-year high on Tuesday as investors took heart from further evidence of strength in the global economy, while the dollar hovered near a one-week high against its peers thanks to higher U.S. yields and a floundering euro. European markets were expected to be somewhat more subdued
The dollar gave back some of its gains in Asian trading on Tuesday but stuck close to a one-week high against a basket of currencies as a German political deadlock continued to pressure the euro. The dollar index, which tracks the greenback against a basket of six major rival currencies, dipped 0.1
Oil prices fell 0.8 percent on Monday, extending recent weakness ahead of next week's OPEC meeting, while a rally in the dollar hurt commodities across the board. fell 50 cents or 0.8 percent to $62.22 a barrel. U.S. crude has lost 2.6 percent.
Global equities markets advanced on Monday as confidence over economic growth around the world helped investors brush off concerns about the collapse of government coalition talks in Germany, which sent the euro lower against the U.S. dollar. In the latest indication of global growth, the central bank
The dollar touched its highest against a basket of major currencies in nearly a week on Monday as the euro weakened on political risks linked to German Chancellor Angela Merkel's failure to form a three-way coalition government. The news revived "a key risk factor" for the continental
Wage increases across the 19-country eurozone should start to pick up as a result of a sustained fall in unemployment, Europe's top banker said Monday. In a testimony to European lawmakers in Brussels, European Central Bank President Mario Draghi said there are a number of reasons why wages have
The Canadian dollar edged lower against its U.S. counterpart on Monday as oil prices fell and investors focused on negotiations to update the North American Free Trade Agreement. Oil, one of Canada's major exports, eased as traders were wary of betting too heavily on which way prices might move
Cryptocurrency is a digital currency with no physical form or intrinsic value, but is an increasingly hot commodity as Bitcoin, its most well-known iteration, flirts with a record high. Bitcoin, the self-proclaimed original decentralized digital currency, is hovering around US$8,000 as investors pour
Mining and energy stocks helped move Canada's largest stock index higher on Friday, as U.S. markets fell into the red a day after making their biggest gain in two months. The S&P/TSX composite index was up 63.20 points to 15,998.57. Taseko Mines Ltd. (TSX:TKO) and Baytex Energy Corp. (TSX:BTE) had
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S.
The dollar fell against a basket of other major currencies on Friday, as Treasury yields slipped and investors remained skeptical of U.S. Republicans' efforts to pass tax cuts after a barren first year for the Trump administration in Congress. The dollar index (.DXY), which measures the greenback
The diverging trajectories of Britain and other major economies is set to be further laid bare in the coming week with London's budget forecasters poised to cut their growth outlook and data elsewhere likely to remain solid. Finance minister Philip Hammond will deliver Britain's budget for 2018
The Canadian dollar weakened to a 10-day low against its U.S. counterpart on Friday after data showing subdued domestic inflation reduced expectations for further interest rate hikes by the Bank of Canada through the first quarter of next year. Canada's annual inflation rate decreased to 1.4 percent
European Central Bank (ECB) President Mario Draghi said Friday that the environment of low rates in the euro zone has not hurt the profits of European banks.
The Canadian dollar edged higher against its U.S. counterpart on Thursday as data showing a surprise rise in domestic manufacturing sales in September offset lower oil prices. The 0.5 percent increase in manufacturing sales topped economists' forecasts for a 0.3 percent decline, while volumes rose
The U.S. dollar edged higher against a basket of major currencies on Thursday, rebounding from a more than three-week low in the previous session, after the U.S. House of Representatives passed their version of the tax overhaul bill. The dollar index (.DXY), which measures the greenback against six