|Day's Range||0.049 - 0.049|
|52 Week Range||0.0477 - 0.0558|
Live from the floor of the New York Stock Exchange, Alan Valdes of Silverbear Capital joins Yahoo Finance's Dion Rabouin to discuss the latest market moves.
From the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to break down the latest market moves.
From the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to break down the latest market action.
From the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Dion Rabouin to discuss the latest market moves.
The U.S. dollar retains a slight strengthening posture Friday, after the Federal Reserve kept rates unchanged but signaled that further interest-rate increases were on the horizon.
Mexico's peso jumped versus the U.S. dollar on Friday, as Mexican President-elect Andrés Manuel López Obrador walked back promises of banking regulation. On Thursday, his Morena party introduced a bill proposing to cap banking fees in Mexico, which weighed on stocks in the sector. López Obrador, who officially takes office in December, said he was no longer looking to change banking laws, according to reports. The Mexican peso rallied in response, dragging the dollar-peso pair into negative territory. One dollar last fetched 20.1423 pesos, down from 20.1961 late Thursday.
Bitcoin volatility has plunged to levels that in theory could push day traders to switch from virtual to tangible currencies.
Months after the summer selloff, with only two months left in the year, emerging markets currencies are still struggling with idiosyncratic economic and political issues, as well as worries about global growth.
The euro was recovering from a knee-jerk drop, which came amid reports German Chancellor Angela Merkel won’t seek re-election as party leader after two decades at the helm.
While the USMCA brings to an end the coveted free trade agreement, as details of the USMCA emerge, a number of changes were made, while both Canada and Mexico are expected to continue to face aluminum and steel tariffs.
The Canadian dollar powered ahead Monday after Canada and the U.S. reached a last-minute deal on the North American Free Trade Agreement and as oil prices continued their climb. The pending agreement allows Canada to join the accord reached by Mexico and the U.S. in late August, and comes just days after U.S. Trade Representative Robert Lighthizer told Congress that the two countries were unlikely to meet the deadline for a pact. The Canadian dollar (USDCAD) took off on the news, with one dollar last buying C$1.2799 versus C$1.2911 late Friday in New York.
Mexico’s peso comes out as the top emerging markets currency in the third quarter, leaving behind the rest of the field plagued by selloffs, currency crises and contagion worries.
Major currencies see muted action Tuesday as investors await the Federal Reserve’s highly anticipated interest-rate decision and policy update on Wednesday, the major event of the week.
The U.S. dollar strengthens in Friday trading but still looks at its worst weekly performance in a month, while the British pound is pushed sharply lower after Prime Minister Theresa May spoke of the possibility of a “no-deal” Brexit.
The U.S. dollar climbed higher early Tuesday as the U.S. returned from the long Labor Day weekend, as pressure on emerging markets continued and the buck benefited from haven flows.
The U.S. dollar slipped versus its key rivals on Tuesday, as investors assess the U.S.-Mexican trade deal that was announced by President Donald Trump on Monday. The greenback was under some modest pressure, while Mexico’s peso stabilized as investors await what’s next. President Donald Trump announced Monday that the U.S. had reached a trade agreement with Mexico, and that he wanted to get rid of the North American Free Trade Agreement name.
The peso rallies Monday, boosted as President Donald Trump announces a bilateral deal with Mexico and could clear the way for renewed talks between the U.S. and Canada.
The U.S. dollar slips versus many of its rivals for a sixth day in a row on Wednesday, weakened by rhetoric on Federal Reserve policy and overshadowed by U.S. political developments.
Just over a year ago, the U.S., Mexico and Canada began renegotiating the North American Free Trade Agreement.
The Indian Rupee is just one of several emerging market currencies to come under pressure in the wake of the Turkish Lira’s collapse. However, the Rupee may be vulnerable to further weakness regardless of the weakness of the Lira.