|Day's range||3.747 - 3.75|
|52-week range||3.0788 - 3.9420|
The U.S. dollar and Japanese yen moved higher against other major currencies on Friday as the first day of a meeting of leaders of the Group of Seven advanced economies was dominated by rising trade tensions between the U.S. and its allies. What are currencies doing? A broader gauge of the greenback, the WSJ Dollar Index (CALCULATED:BUXX), was little changed in positive territory at 86.84.
Investing.com – The U.S. dollar rose Friday but looks set to post its biggest weekly loss since March as traders remained wary of escalating trade tensions after the G7 meeting got underway.
A popular exchange-traded fund used to track Brazil's equity market fell sharply on Thursday, coinciding with a sharp decline in the Brazil's main stock exchange. The iShares MSCI Brazil ETF was recently down 8%, putting it on track for its worst daily fall since May 18, 2017, according to FactSet data, while the BOVESPA Index was off 5.7%. Reports on Thursday suggested that Brazil's central bank attempted to intervene to stem a selloff of the country's currency against the dollar , which was down about 2% against on the day and 4% thus far this week.
SAO PAULO (AP) — Brazil's currency is falling again against the dollar amid uncertainty over this year's elections in Latin America's largest economy.
Argentina’s reliance on U.S. dollar funding, coupled with the depreciation of its own currency is sending the country in to the all-too-familiar direction: financial turmoil. The country’s central bank, the Banco Central de la Republica Argentina, meanwhile, has been trying to stave off the peso’s weakness to prevent the situation for Buenos Aires from getting measurably worse. “BCRA hiked [interest rates] 1,275 basis points in the space of two weeks to arrest peso depreciation,” said Brad Bechtel, managing director in FX at Jefferies.
Investors are holding their breath as Brazil’s high court decides whether a former president begins a prison sentence or continues his campaign to return to office.
BHP Billiton and Vale SA have been granted an extension until Nov. 16 by a Brazilian court to negotiate a settlement on a $47 billion (35.59 billion pounds) claim stemming from the Samarco mine disaster in 2015, BHP said on Tuesday. Brazilian federal prosecutors in May last year served the joint partners in the Samarco iron ore mine with a 155 billion Brazilian real claim to pay for the social, environmental and economic costs of cleaning up the country’s worst environmental disaster. A settlement date of Oct. 30 was set by the court earlier this year after the parties failed to reach an agreement by a previous deadline of June 30.
Sodexo , a French facilities management and vouchers group, said on Monday there would be some impact on its results from the recent rise in the euro . "The currency impact on operating profit will remainjust slightly positive, but less than in the first half, given the recent strength of the euro against the U.S. dollar, sterling and the Brazilian real," Sodexo said in a statement. Sodexo, the world's second-biggest catering services company after Compass Group , confirmed its guidance for operating profit growth at the bottom of an 8-9 percent range for 2017, and announced the completion of the sale of its Vivabox USA arm to Lion Equity Partners.