Gold prices surged to a 10-month high on Tuesday, as the U.S. dollar weakened, on optimism for a breakthrough in U.S.-China trade talks, with bullion also receiving support as a safe-haven asset due to ...
The dollar on Tuesday fell against a basket of other currencies as traders scaled back their safe-haven greenback holdings on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict. "We are hoping to hear more positive news on trade,"
TORONTO — The materials sector helped lift Canada's main stock index higher in late-morning trading as the prices for gold and copper also moved up.
The Canadian dollar weakened against its U.S. counterpart on Tuesday as an uncertain outlook for global trade offset the lift from the highest crude oil prices in nearly three months. A new round of talks between the United States and China to resolve their trade war will take place in Washington on
Depreciating the so-called bond notes would be an acknowledgment that the official one-for-one exchange rate is no longer sustainable. It would also mark the second major overhaul to Zimbabwe’s currency regime since October, when the central bank ordered lenders to separate deposits of U.S. dollars
Former BOJ officials have warned in recent weeks of more yen strength, saying there would be little the BOJ could do about it. Speaking to parliament on Tuesday, Kuroda said the BOJ’s options included lowering bond yields and increasing asset purchases.
The euro rallied and riskier currencies like the Australian dollar strengthened on Monday as optimism over a breakthrough in talks to end a U.S.-China trade war encouraged investors. The euro has been stuck in a trading range against the dollar for several months as growing weakness in the euro zone
The shared currency is trading near its weakest levels in three months as Italy enters recession and Germany teeters on the brink. The U.S. Federal Reserve could display a more dovish bent when its minutes are published Wednesday, while the European Central Bank can only confirm its already downbeat
The extent of the weakness at the end of 2018 has taken policy makers by surprise, with Italy entering recession and Germany narrowly avoiding the same fate. The ECB has so far stuck to its guidance that it will keep borrowing costs at record lows at least through the summer, indicating hikes could
TORONTO — Canada's main stock index posted a triple-digit gain Friday after oil hit a three-month high to extend the market's winning streak to six weeks.The S&P/TSX composite index closed up 142.26 points to 15,838.24, after hitting an intraday peak of 15,866.60. That's the highest level
TORONTO — Canada's main stock index has fully recovered from December's deep sell off by rising Thursday on the back of further gains in oil prices.However, the nearly 10 per cent rally so far in 2019 signals that investors haven't learned from the past over-exuberance, says Kash Pashootan
“While the exchange rate is still within the relatively narrow range of the past few years, the recent depreciation is helpful at the margin given that there remains spare capacity in the economy and inflation remains below target,” Reserve Bank of Australia Assistant Governor Christopher Kent said in
As policy makers around the world pivot toward a more dovish interest-rate outlook, front-end traders are betting Canadian officials are set to follow suit and forgo raising rates again until at least 2020. “Markets have erred too much on the side of a pessimistic outcome, because outside of the energy
International Monetary Fund data show the currency is trading almost 13 percent above its 10-year average in real effective terms as of December, while the Federal Reserve’s trade-weighted dollar index has climbed to within 3 percent of its 2002 record high. Swirling uncertainties about the U.S.-China
Plans to lift fuel subsidies this year are certain to push up inflation, which already gained in January after ending last year within the central bank’s target range. Bloomberg Economics estimates that the complete removal of fuel subsidies would increase inflation by as much as 2 percentage points
In a potential impasse between Germany and France on the European Union’s top jobs, Finland is positioned as a handy alternative from Northern Europe, whose turn it is to get the prize. Two of the five leading candidates eyed by economists for the ECB are Finns, each hailing from different political
TORONTO — Canada's main stock index dipped slightly while U.S. markets were buoyed Wednesday by optimism about a trade deal with China.The S&P/TSX composite index closed down 15.37 points at 15,626.73, after hitting an intraday high of 15,689.66.In New York, the Dow Jones industrial average was up