Edition:
India

Saqib Iqbal Ahmed

Dollar near a 3-month low ahead of Thanksgiving holiday

26 Nov 2020

NEW YORK The dollar edged lower against a basket of currencies on Wednesday, trading near a three-month low, even as a risk-on rally in global financial markets appeared to stall after U.S. data showed a less-than-rosy economic picture.

FOREX-Dollar rebounds from 3-month low after U.S. data; FOMC minutes awaited

25 Nov 2020

* Bitcoin shy of 2017 record (New throughout, updates prices, market activity, comments to U.S. market open; previous LONDON)

"Deficit dove" Yellen drives dollar down, yield curve steeper

25 Nov 2020

NEW YORK, Nov 24 The U.S. dollar fell and the Treasury yield curve steepened on Tuesday as investors hoped that President-elect Joe Biden's expected nomination of former Federal Reserve Chair Janet Yellen as Treasury Secretary could ease the passage of a potential fiscal stimulus package.

How the U.S. stock market has treated new presidents

12 Nov 2020

NEW YORK President-elect Joe Biden is likely to start his term faced with the worst public health crisis in decades and an economy still reeling from a sharp coronavirus-led contraction earlier this year.

UPDATE 1-Short sellers lost billions as travel and leisure stocks rallied Monday

11 Nov 2020

* Losses come after big paydays from falling prices (Updates with U.S. short selling losses)

Canadian dollar edged lower after Monday's big jump

11 Nov 2020

The Canadian dollar edged lower against its U.S. counterpart on Tuesday, retreating from the more than two-year high hit in the previous session after a promising coronavirus vaccine development boosted demand for riskier currencies.

CANADA FX DEBT-Canadian dollar stalls after Monday's big advance

10 Nov 2020

* Canadian dollar falls 0.2% against the greenback * Canadian bond yields rise across the curve By Saqib Iqbal Ahmed Nov 10 The Canadian dollar fell against its U.S. counterpart on Tuesday, retreating from the more than 2-year high hit in the previous session after a promising coronavirus vaccine development boosted demand for riskier currencies. The Canadian dollar was trading 0.2% lower at 1.3024 to the greenback, or 76.76 U.S. cents, pulling back from its strongest intraday level in more than two years on Monday at 1.2928. The U.S. dollar edged up on Tuesday and the yen stayed low, as investors remained optimistic about progress towards a COVID-19 vaccine, although the moves were more tempered than in the previous session. "The Canadian dollar rallied to its highest level against the U.S. dollar in a little over two years yesterday before the pro-risk rally stalled," Shaun Osborne, chief currency strategist at Scotiabank, said in a note. "But the fact that the Canadian dollar is down, if only modestly, on the session so far, suggests markets are recalibrating after yesterday’s failed CAD rally," Osborne said. The loonie found some support from continued strength in the price of oil, one of Canada's major exports. Oil prices rose on Tuesday as hopes that a COVID-19 vaccine could be on the horizon outweighed the expected negative impact on fuel demand of new lockdowns to curb the virus. Canadian government bond yields were higher across the curve, with the 10-year up 4.8 basis points at 0.795%. (Reporting by Saqib Iqbal Ahmed Editing by Nick Zieminski)

Vaccine news gives U.S. value stocks their big day

10 Nov 2020

NEW YORK Value stocks notched their best one-day performance against their growth-focused peers ever, by one measure, after Monday's news of an effective vaccine against the coronavirus sent investors into shares of companies expected to benefit the most from an economic recovery.

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