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Articles by Loonie Weakens
Loonie Weakens on Bets for Hawkish Fed; Likely To Underperform G10 Peers This Year
By Ketki Saxena Investing.com – The weakened against its US counterpart today, as risk-off sentiment dominated markets ahead of a speech by the Federal Reserve chair. Following Friday’s more than robust US non-farm payrolls data, investors are raising bets on the prospect of a more aggressive Federal Reserve after last week’s red-hot jobs report.
Loonie Weakens; USD Relentless As Recession-Fears Dominate By Investing.com
By Ketki Saxena Investing.com -- The continued to weaken against its US counterpart today, as sentiment remained downbeat following a hawkish outlook from the Federal Reserve at its monetary policy announcement on Wednesday, and subsequent rate-hikes from global central banks. The commodity-linked loonie was also pressured by a slide in crude prices on worries of demand destruction driven by the central bank's aggressiveness, and mounting COVID-19 cases and rising fatalities in China.
Dollar retreats on recession fears; U.S. PPI data due later
By Peter Nurse Investing.com - The U.S. dollar weakened in early European trade Friday as fears that the U.S. economy was heading towards recession mounted, ahead of next week’s crucial Federal Reserve meeting. At 02:55 ET (07:55 GMT), the , which tracks the against a basket of six other currencies, fell 0.1% to 104.688, after falling 0.3% overnight.
Asia FX turns cautious ahead of U.S. payrolls, dollar hits 3-mth low
By Ambar Warrick Investing.com-- Most Asian currencies moved little on Friday as caution kicked in ahead of U.S. payrolls data that is likely to affect monetary policy, although dovish signals from the Federal Reserve pushed the to a three-month low. Regional currencies were also set for strong gains this week as the Federal Reserve flagged smaller interest rate hikes in the coming months- a scenario that is positive for risk-driven assets.
Canadian dollar lags G10 peers as greenback slides
© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch (CANADA - Tags: BUSINESS)/File Photo TORONTO (Reuters) - The fell against its broadly weaker U.S. counterpart on Thursday, as investors scaled back Bank of Canada interest rate hike bets and domestic data showed factory activity slowing for a fourth straight month.
Dollar slumps on Powell's comments; Yen benefits the most
By Peter Nurse Investing.com - The U.S. dollar slumped in early European trade Thursday after Federal Reserve chair Jerome Powell pointed to smaller rate hikes ahead, boosting risk appetite to the detriment of this safe haven. At 03:05 ET (08:05 GMT), the , which tracks the against a basket of six other currencies, fell 0.2% to 105.705, extending Wednesday's more than 1% drop. The index fell over 5% in November, its worst monthly showing since September 2010.
EUR/USD climbs on Powell's speech, but look out for key indicators
Forex 6 minutes ago (Dec 01, 2022 03:06) Investing.com - Yesterday was a busy day for the , with gains in the morning, in the face of half-hearted European inflation figures, then with a correction in the afternoon, to finally post a strong upward movement overnight, helped by Powell's speech which confirmed the prospect of a Fed pivot.
Defiant pound sees biggest monthly rise since 2020 - but still trails most peers
© Reuters. FILE PHOTO: An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, in this March 25, 2008 file photograph. REUTERS/Luke Macgregor By Harry Robertson LONDON (Reuters) - The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by peers such as the yen and the Swiss franc.
Asia FX rallies, dollar sinks as Powell touts tepid rate hikes
By Ambar Warrick Investing.com-- Most Asian currencies extended gains on Thursday, while the dollar slipped further after Federal Reserve Chair Jerome Powell said that the central bank will likely slow its pace of future , although weak economic data prints from China stifled sentiment. The was among the best performers, rising nearly 1% to 136.76- its strongest level to the dollar in more than three months.
Loonie Rallies as Risk-Sentiment Roars Back, Dovish Fed Weighs on USD
By Ketki Saxena Investing.com -- The rallied against its US counterpart today, as risk sentiment roared back following remarks by Jerome Powell that markets digested as dovish. The greenback lost ground with treasury yields, while the risk-sensitive loonie was boosted by the market mood and a comeback in crude. Jerome Powell built on rhetoric from the FOMC meeting adding that the central bank could slow the pace of interest rate hikes "as soon as December".
Dollar slips lower; Powell speech, GDP data due
By Peter Nurse Investing.com - The U.S. dollar slipped lower in early European trade Wednesday with risk appetite growing on hopes of China easing its tight COVID-related mobility restrictions, although moves are small ahead of a key speech by Federal Reserve chair Jerome Powell. At 02:55 ET (07:55 GMT), the , which tracks the against a basket of six other currencies, fell 0.2% to 106.543.
Asia FX inches higher ahead of Powell speech, China optimism fades
By Ambar Warrick Investing.com-- Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country’s COVID policy weighed on sentiment. Still, most regional units were set to end November substantially higher on a weaker and expectations of slower interest rate hikes by the Fed.
EUR/USD remains hesitant ahead of key obstacle, ING fears a drop to 1.02 tomorrow
Forex 4 minutes ago (Nov 29, 2022 03:40) Investing.com - The pair displayed high volatility yesterday, climbing to a high of 1.0497, the highest since June 29, before correcting to a low of 1.0331 last night and finally settling at 1.0360 this morning (at the time of writing). News was particularly heavy for the Euro/Dollar during the day yesterday, with protests in China initially causing a wave of risk aversion that led to a lower opening on Sunday evening.
Dollar weakens, yuan rises; China's COVID controls in focus
By Peter Nurse Investing.com - The U.S. dollar weakened in early European trade Tuesday and the Chinese yuan gained on hopes the Chinese government was set to ease its tight COVID-related mobility restrictions, boosting risk appetite. At 03:05 ET (08:05 GMT), the , which tracks the against a basket of six other currencies, fell 0.4% to 106.165, after rising 0.5% overnight. China reported on Monday its first drop in the number of daily infections in more than a week.
Cryptoverse: Messi takes on Ronaldo in fan coin world cup
2/2 © Reuters. FILE PHOTO: Soccer Football - FIFA World Cup Qatar 2022 - Doha, Qatar - November 25, 2022 An Argentina fan holds up his drum with an image of Lionel Messi on it on the Doha Corniche REUTERS/Lee Smith/File Photo 2/2 By Medha Singh and Lisa Pauline Mattackal (Reuters) - The market for fan tokens, a volatile cocktail of crypto and sport, is heating up in the desert of Qatar.
Loonie Weakens on Risk-Aversion, China Protests Roil Commodities
By Ketki Saxena Investing.com -- The weakened against its US counterpart today as risk-aversion dominated markets, boosting appeal for the safe-haven . After a brief reprieve in risk-off sentiment following expectations of slower hikes from the Fed, investor sentiment was roiled by rate protests in China against its strict Covid-19 policies.
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