Edition:
India

Saqib Ahmed

FOREX-Dollar dips vs yen as investors reach for safe havens on virus scare

25 Jan 2020

* Euro zone economy remains weak but green shoots emerging -PMIs

CANADA FX DEBT-Canadian dollar slips as oil prices fall on China virus scare

25 Jan 2020

* Oil drops more than 2% on China virus fears * Canadian govt bond prices rise across the maturity curve (Adds comment, updates prices) By Saqib Iqbal Ahmed NEW YORK, Jan 24 The Canadian dollar edged lower against its U.S. counterpart on Friday, lingering close to the one-month low hit in the previous session, as the coronavirus outbreak weighed on oil prices and amid broad-based strength for the U.S. currency. The price of oil, one of Canada's major exports, fell more than 2% on Friday and headed for a steep weekly decline over concerns that the coronavirus will spread farther in China, the world's second-largest oil consumer, curbing travel and oil demand. At 3 p.m. EST (2000 GMT), the Canadian dollar was trading down about 0.12% at 1.3141 to the greenback, or 76.10 U.S. cents. On Wednesday, the loonie came under pressure after the Bank of Canada (BoC) left its benchmark interest rate on hold at 1.75% as expected but said a future cut was possible should a recent slowdown in domestic growth persist. "We've seen before how BoC meetings can result in lengthy trends for USD/CAD, lasting at least until the next BoC meeting. I think we may well have one of those scenarios now as well, so I wouldn’t necessarily fade the move at this point," Marshall Gittler, chief strategist at ACLS Global, said in a note. The loonie has fallen about 1% since the start of the year after climbing 5% in 2019, when it was the top-performing G10 currency. Canadian retail sales were up 0.9% in November from October at C$51.48 billion ($39.19 billion), on stronger sales at motor vehicle and parts dealers, as well as food and beverage stores, Statistics Canada said on Friday. "(The) rise in retail sales will come as a relief to the Bank of Canada and supports our view that it will leave interest rates unchanged this year," said Stephen Brown, senior Canada economist at Capital Economics. Canadian government bond prices were higher across the maturity curve, with the two-year price up 6.5 Canadian cents to yield 1.486% and the benchmark 10-year rising 43.2 Canadian cents to yield 1.367%. (Reporting by Saqib Iqbal Ahmed; Editing by David Gregorio and Jonathan Oatis)

FOREX-Dollar rises vs euro as European PMI data fails to impress

24 Jan 2020

* Euro zone economy remains weak but green shoots emerging -PMIs

CANADA FX DEBT-Canadian dollar edges lower as oil prices slip on China virus scare

24 Jan 2020

* Oil falls below $62 on China virus concerns * Canadian govt bond prices rise across the maturity curve By Saqib Iqbal Ahmed NEW YORK, Jan 24 The Canadian dollar edged lower against its U.S. counterpart on Thursday, lingering close to the one-month low hit in the previous session, as the coronavirus outbreak weighed on oil prices. The price of oil, one of Canada's major exports, fell below $62 a barrel on Friday and headed for a weekly decline on concern that the coronavirus in China may spread, curbing travel and oil demand. At 9:07AM EST (1407 GMT), the Canadian dollar was trading down about 0.02% at 1.3131 to the greenback, or 76.16 U.S. cents. On Wednesday, the loonie came under pressure after the Bank of Canada (BoC) left its benchmark interest rate on hold at 1.75% as expected but said a future cut was possible should a recent slowdown in domestic growth persist. "We've seen before how BoC meetings can result in lengthy trends for USD/CAD, lasting at least until the next BoC meeting. I think we may well have one of those scenarios now as well, so I wouldn’t necessarily fade the move at this point," Marshall Gittler, chief strategist at ACLS Global, said in a note. The loonie has fallen about 1% since the start of the year after climbing 5% in 2019, when it was the top-performing G10 currency. Canadian retail sales were up 0.9% in November from October at C$51.48 billion ($39.19 billion), on stronger sales at motor vehicle and parts dealers, as well as food and beverage stores, Statistics Canada said on Friday. Canadian government bond prices rose across the maturity curve, with the two-year price up 0.9 Canadian cent to yield 1.514% and the benchmark 10-year rising 16 Canadian cents to yield 1.396%. (Reporting by Saqib Iqbal Ahmed; Editing by David Gregorio)

FOREX-Dollar up vs euro as ECB holds rates steady, launches review

24 Jan 2020

* ECB launches review that will redefine its mission and tools

FOREX-Dollar gains vs euro as ECB holds policy steady, launches review

23 Jan 2020

* ECB launches review that will redefine its mission and tools

FOREX-Dollar index records smallest ever annual move in 2019

01 Jan 2020

NEW YORK, Dec 31 The U.S. dollar index recorded its smallest-ever annual move in 2019, up just 0.24% for the year after a drop in December reversed early gains as trade hopes and investor confidence diminished demand for the safe-haven asset.

UPDATE 1-Dollar share of global currency reserves highest for a year in Q3-IMF

31 Dec 2019

Dec 31 The dollar's share of currency reserves reported to the International Monetary Fund rose in the third quarter to its highest level in a year, while the yen's share of reserves grew to the largest in two decades, IMF data showed.

UPDATE 1-'Murder Mystery' tops Netflix 2019 shows, 'The Crown' out of top 10

31 Dec 2019

(Recasts with absence of TV series "The Crown") By Saqib Iqbal Ahmed NEW YORK, Dec 30 Netflix Inc's original film "Murder Mystery," starring Jennifer Aniston and Adam Sandler, topped a list of the streaming service's most popular releases of 2019 in the United States but its award-winning "The Crown" failed to make the top 10. Netflix said on Monday that science fiction series “Stranger Things” came in second, followed by the Michael Bay action movie "6 Underground." The animated movie "Incredibles 2" and Martin Scorsese's gangster film "The Irishman" took the fourth and fifth spots, respectively. The ranking was based on the number of households watching at least two minutes of a series, movie or special during its first 28 days on Netflix in 2019, the streaming service said. British royal series "The Crown," whose first two seasons cost a reported $130 million to make, did not appear in the top 10 list for either the U.S. or the UK or Canada despite having won major awards, including for its leading actors. Season 3 was released in November and Netflix did not supply any viewing data. Netflix, which boasts more than 158 million subscribers around the world, only selectively releases viewership figures for programming it considers a hit, and the numbers are not verified by a third party. Executives at Netflix have said they plan to be more transparent with audience data to satisfy Hollywood producers and stars and to help viewers decide what to watch. The limited details on what grabbed Netflix viewers' attention this year came ahead of the company's Jan. 21 quarterly earnings report, which will disclose revenue and membership by region for the first time. The streaming heavyweight is facing new competition, particularly from Walt Disney Co, which has been removing its movies from Netflix and putting them on the Disney+ streaming service. Netflix shares have risen 23% this year, the smallest annual rise in three years. The S&P 500 Index is up 29% for the year. Top 10 most popular releases of 2019 (U.S.) 1. Murder Mystery 2. Stranger Things 3 3. 6 Underground 4. Incredibles 2 5. The Irishman 6. The Witcher 7. Triple Frontier 8. Extremely Wicked, Shockingly Evil and Vile 9. The Umbrella Academy 10. The Highwaymen (Reporting by Saqib Iqbal Ahmed; Additional reporting by Lisa Richwine in Los Angeles; Editing by Peter Cooney and Nick Macfie)

Netflix says 'Murder Mystery' its most popular U.S. release in 2019

30 Dec 2019

By Saqib Iqbal Ahmed NEW YORK, Dec 30 Netflix Inc's original film "Murder Mystery," starring Jennifer Aniston and Adam Sandler, topped a list of the streaming service's most popular releases of 2019 in the United States, Netflix said in a statement on Monday. The third season of the science fiction series “Stranger Things” came in second on the list, followed by the Michael Bay action movie "6 Underground." The animated movie "Incredibles 2" and Martin Scorsese's gangster film "The Irishman" took the fourth and fifth spots, respectively. The ranking was based on the number of households watching at least two minutes of a series, movie or special during its first 28 days on Netflix in 2019, the streaming service said. Netflix, which boasts more than 158 million subscribers around the world, only selectively releases viewership figures for programming it considers a hit, and the numbers are not verified by a third party. Executives at Netflix have said they plan to be more transparent with audience data to satisfy Hollywood producers and stars and to help viewers decide what to watch. The limited details on what grabbed Netflix viewers' attention this year came ahead of the company's Jan. 21 quarterly earnings report, which will disclose revenue and membership by region for the first time. The streaming heavyweight is facing new competition, particularly from Walt Disney Co, which has been removing its movies from Netflix and putting them on the Disney+ streaming service. Netflix shares have risen 23% this year, the smallest annual rise in three years. The S&P 500 Index is up 29% for the year. Top 10 most popular releases of 2019 (U.S.) 1. Murder Mystery 2. Stranger Things 3 3. 6 Underground 4. Incredibles 2 5. The Irishman 6. The Witcher 7. Triple Frontier 8. Extremely Wicked, Shockingly Evil and Vile 9. The Umbrella Academy 10. The Highwaymen (Reporting by Saqib Iqbal Ahmed; Additional reporting by Lisa Richwine in Los Angeles; Editing by Peter Cooney)

World News

U.S.-Taliban sign historic troop withdrawal deal in Doha

The United States signed a historic deal with Taliban insurgents on Saturday that could pave the way toward a full withdrawal of foreign soldiers from Afghanistan over the next 14 months and represent a step toward ending the 18-year-war there.