Market News

The Canadian dollar was little changed against its U.S. counterpart on Monday as investors awaited this week’s Federal Reserve interest rate decision and a speech by Bank of Canada Governor Stephen Poloz.

Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market.

The U.S. dollar weakened on Monday, weighed down by tepid inflation data from Friday’s jobs report, while safe-haven currencies the Japanese yen and Swiss franc gained after an explosion rocked one of New York’s busiest commuter hubs.

Oil prices edged higher on Monday, reversing earlier losses, after an explosion in New York refocused the market on the geopolitical risk.

The forex calendar for today’s morning London session was pretty barren, but there was enough action to keep the session interesting, with the yen broadly higher and CAD and GBP broadly lower.

Oil prices edged lower on Monday as rising U.S. drilling activity pointed to a further increase in American production, countering OPEC-led output cuts.

A weaker pound, buoyant overnight Asian shares and growing confidence in the financial sector helped pushed British shares higher and slightly ahead of their European peers on Monday.

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Dollar selloff was the name of the game, as risk appetite and a bit of positioning ahead of this week’s top-tier events pushed higher-yielding currencies higher.

The dollar probed four-week highs against the yen on Monday, underpinned by expectations of higher U.S. interest rates, while bitcoin seized the spotlight as futures of the cryptocurrency began trading.

New Zealand’s government on Monday named pension fund chief Adrian Orr as the new governor of the nation’s central bank, triggering a rally in the local dollar as markets prepared for changes to the monetary policy mandate.

The Greenback was the one currency to rule them all this week. But what pushed the Greenback higher. Also, do you wanna know which currency was at the bottom of the forex heap this past week? Well, read on and find out!

The Canadian dollar weakened slightly against a broadly stronger U.S. counterpart on Friday as data showed U.S. job growth increased at a strong clip in November, adding to the loonie’s sharpest weekly decline since late October.

U.S. job growth increased at a strong clip in November and wages rebounded, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing.

Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

All was quiet in the forex front, likely because traders were hunkering down for the NFP report. It wasn’t a complete snooze fest, though, since GBP returned its gains and was broadly lower. NZD, meanwhile, was nudged higher across the board.

The European Union should be ready to start negotiating details of a post-Brexit transition period with Britain early in the new year, a senior EU official said on Friday, but talks on future trade will take longer.

The European Commission said on Friday that enough progress had been made in Brexit negotiations to allow a second phase of talks on future relations to begin.

Oil prices edged up on Friday, helped by rising Chinese crude demand and threats of a strike in Africa’s largest oil exporter.