(Reuters) - The U.S. dollar rose in Asia on Friday, having made a solid comeback overnight on upbeat retail sales data while the Australian dollar took a battering following more jawboning from the country's central bank chief.
Not helping the common currency, data showed euro zone industrial output fell in October at...
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Mexican Congress passes radical shake-up of oil industry
(Reuters) - Mexico's Congress on Thursday overwhelmingly voted to open up the country's oil and gas sector to private investment in the biggest overhaul of the industry since it was nationalized in 1938.
After a whirlwind final passage through Congress, President Enrique Pena Nieto's bill will offer companies the chance to operate oil wells, commercialize crude...
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Gold futures settle near five-month low
SAN FRANCISCO (MarketWatch) — Gold futures on Wednesday settled at their lowest level since early July, pressured by strength in the dollar as traders mulled the metal’s appeal against a backdrop of rising U.S. consumer sentiment as well as declines in durable-goods orders and a Chicago’s business gauge.
The precious metal lost most of its shine...
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Daily outlook for USD/CAD
There is little on the domestic front (September Average Weekly Earnings) to drive the CAD so focus will remain on external issues and flows. USD/CAD traded heavily earlier in the week as the market backed off the upper 1.05 area but the lack of downside follow-through suggests the market is consolidating, rather than reversing the mid-November rally.
Bullish outlook...
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