Forex News
TSX Ends Weak For 5th Straight Session, Sheds 4.1% In Week
After opening modestly higher and staying positive till about an hour past noon, the Canadian market turned weak on Friday and eventually ended on a negative note, extending losses to a fifth straight session.
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Dollar Firms Against Major Counterparts On Safe-haven Bets
The U.S. dollar firmed against its major counterparts on Friday as weak PMI data from across the globe pushed up the demand for the safe-haven currency.
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1 day ago
Swiss Market Ends Lower For 2nd Straight Day
Swiss stocks stayed weak right through the trading session on Friday as worries about the outlook for interest rates and slowing economic growth weighed on the market.
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1 day ago
Major European Markets Close Weak As Interest Rate Concerns, Growth Worries Weigh
The major European markets ended on a negative note on Friday, and suffered weekly losses as well, as concerns about inflation and prospects of further monetary tightening by several central banks rendered the mood a bit bearish.
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U.S. Dollar Off Highs Against Majors
The U.S. dollar erased its gains against its major counterparts in the New York session on Friday.
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Canadian Dollar Advances Amid Higher Oil Prices
The Canadian dollar climbed against its most major counterparts in the New York session on Friday on rising oil prices, as Russia's ban on fuel exports outweighed worries about slower demand due to tighter monetary policies in the United States and Europe.
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Eurozone Private Sector Stuck In Contraction Zone On Sharp Fall In Demand
Despite a moderate improvement, the euro area private sector remained in the contraction territory in September, adding to fears of a recession in the second half of the year. The flash results of the purchasing managers' survey by S&P Global showed that the HCOB flash composite output index rose to 47.1 in September from 46.7 a month ago, while it was expected to fall to 46.5.
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Amazon To Introduce Limited Ads On Prime Video In Early 2024
Amazon.com is set to introduce limited advertisements in Prime Video content, such as shows and movies, in the U.S., U.K., Germany, and Canada in early 2024. This will be followed by France, Italy, Spain, Mexico, and Australia later in 2024.
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German House Prices Fall Most Since 2000
House prices in Germany declined in the second quarter at the fastest pace since 2000, adding further evidence to the adverse impact of rising interest rates on the real estate market in the biggest euro area economy. Prices of residential property decreased by an average 9.9 percent year-on-year, the statistical office Destatis said Friday.
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EU Re-imposes EUR 376.36 Mln Fine On Intel For Anticompetitive Practices For CPUs
The European Commission on Friday re-imposed a fine of around 376.36 million euros on Intel Corp. (INTC) for a previously established abuse of dominant position in the market for computer chips called x86 central processing units.
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Canadian Market Likely To Open Higher On Commodity Prices, Bargain Hunting
It's likely to be a positive start on Bay Street on Friday thanks to higher crude oil and bullion prices. Worries about inflation and higher interest rates persist, but traders are likely to indulge in some bargain hunting after recent sharp declines.
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Pound Falls On Disappointing U.K. Retail Sales, PMI Data
The pound declined against its major counterparts in the European session on Friday, as the nation's retail sales grew less than expected in August and business activity shrank to a 32-month low in September.
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Bank Of Japan Keeps Policy Unchanged; Damps Rate Hike Speculation
Japan's central bank left its massive monetary policy stimulus unchanged on Friday and policymakers remained dovish even as inflation continued to remain above the target and all major central banks are close to the end of their tightening cycle. The Bank of Japan decided to retain a negative interest rate of 0.1 percent on current accounts that financial institutions maintain at the central bank.
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1 day ago
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