By Bruno FederowskiSAO PAULO, Jan 15 (Reuters) - The Mexican peso jumped to a more than five-week high on Monday on hopes that U.S. President Donald Trump could soften his stance on the North American Free Trade Agreement (NAFTA) after negotiations hit a bumpy patch last week.Renewed worries that Trump would scrap NAFTA had weighed on the peso last week. The talks between the United States, Mexico...Read More

KARACHI, Pakistan, Jan 15 (Reuters) -DAILY INDICATORS Monday PREVIOUSFloating Interbank Rate (Rs/$)110.42/110.52110.43/110.53Rupee/US$ (kerb market) 111.90 112.00Karachi 100-share Index 42,347.4942,933.72Gold (Karachi) Rs/10 gm 49,543.8649,371.30CENTRAL BANK AUCTIONS Treasury bill auction results: Cut-off yield (pct) at auction onJan 3 Dec 6Three-month bills5.99105.9910Six-month billsBids not6.010...Read More

WARSAW, Jan 15 (Reuters) - Poland's finance ministry had the equivalent of 3.8 billion euros ($4.67 billion) in foreign currencies at its disposal at the end of December compared with 6.9 billion euros a month earlier, the ministry said in a statement on Monday. (Reporting by Anna Koper; Writing by Agnieszka Barteczko) Disclaimer: The views expressed in this article are those of the author and m...Read More

(Recasts, Add details)By Nidhi Verma and Neha DasguptaNEW DELHI, Jan 15 (Reuters) - India's December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday.The trade deficit widened to $14.88 billion last month from $13.83 billion in November, data from the Ministry of Commerce and Ind...Read More

Jan 15 (Reuters) - Resales of Canadian homes rose 4.5 percent in December from November, the fifth straight monthly rise, likely because activity was pulled forward to avoid mortgage rule changes that hit in January, the Canadian Real Estate Association said on Monday.The industry group said actual sales, not seasonally adjusted, rose 4.1 percent from December 2016, while home prices were up 9.1 p...Read More

Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.Read full newsRead More

One of the biggest diamonds in history has been discovered in the mountainous kingdom of Lesotho in southern Africa.Read full newsRead More

The average E.V. requires 80kg more copper than a regular vehicle. There is also significant copper needed to build out E.V. infrastructure in the power grid as well as battery charging infrastructure.Read full newsRead More

Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlook for demand. Palladium rallied to a new record as all precious metals climbed.Read full newsRead More

Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what's now just a fraction of the market.Read full newsRead More

(Kitco News) - Gold continues to move higher as momentum has picked up against the falling dollar. Gold’s break up through $1,322 last week created the initial catalyst and Friday’s melt-up to the $1,338 level on the back of a falling dollar set up gold for a test of the 2017 high. Rising inflation in Europe is suggesting that the ECB will begin to tighten monetary policy more aggress...Read More

While there's certainly no sign yet of a breakdown in the record-setting rally that's been the dominant post-election storyline for U.S. stocks, bulls can be forgiven for feeling an increasingly urgent desire to hedge some (or all) of their long equity exposure. Geopolitical risk and uncertainty continue to dominate daily headlines; the CBOE Volatility Index (VIX) remains unusually low, as discuss...Read More

Canada's Tahoe Resources (TSX:THO)(NYSE:TAHO) is laying off 250 employees, or roughly a quarter of the staff from its flagship Escobal silver mine, in Guatemala, as a legal battle to having the mining license for the site reinstated drags on.The Vancouver-based company had to halt operations at the mine last July after the country's Supreme Court provisionally ordered so following an appeal from...Read More

Canada's Tahoe Resources (TSX:THO)(NYSE:TAHO) is laying off 250 employees, or roughly a quarter of the staff from its flagship Escobal silver mine, in Guatemala, as a legal battle to having the mining license for the site reinstated drags on.The Vancouver-based company had to halt operations at the mine last July after the country's Supreme Court provisionally ordered so following an appeal from...Read More

* Speculators raise net longs in COMEX gold in week to Jan. 9.* Palladium hits new record high(Updates throughout, adds LONDON dateline)By Zandi ShabalalaLONDON, Jan 15 (Reuters) - Gold prices hit a four-month peak on Monday as the U.S. dollar index slumped to its lowest in three years but analysts warned the greenback's decline could be short-lived as it was not driven by fundamentals.Spot gold w...Read More

WARSAW, Jan 15 (Reuters) - Poland's current account stood at a surplus of 233 million euros($285.56 million) in November, compared to a surplus of 297 million euros in the previous month, central bank data showed on Monday.Economists polled by Reuters had expected a surplus of 556 million euros in November. The full balance of payments data is available on the central bank website: ($1 = 0.8159 eu...Read More

* Euro extends gains after breaking through $1.22* Dollar pinned at three-year low against basket of currencies* Yen buoyed by BoJ comments on economic recovery* Graphic: World FX rates in 2017 By Tommy WilkesLONDON, Jan 15 (Reuters) - The euro rose to a three-year high against the dollar on Monday, fuelled by growing economic optimism in the euro zone and expectations that the European Central Ba...Read More

BUCHAREST, Jan 15 (Reuters) - Romania's central bank board unanimously voted to hike its benchmark interest rate by a quarter point to 2 percent for the first time in a decade at its Jan. 8 meeting, it said in its minutes released on Monday.The decision, which made Romania the second among European Union's central and eastern stated to start tightening from record low levels, after the Czech Repub...Read More

NEW DELHI, Jan 15 (Reuters) - India's trade deficit widened to $14.88 billion from $13.83 billion in the previous month, government data showed on Monday.Merchandise exports for December rose 12.36 percent from a year ago to $27.03 billion.Goods imports last month were $41.91 billion, a gain of 21.12 percent from a year ago, data from the commerce and industry ministry showed. (Reporting by Nidhi...Read More

LONDON, Jan 15 (Reuters) - A key market gauge of long-term inflation expectations in the euro zone rose to its highest level in about eleven months on Monday, as optimism around economic growth and higher oil prices boosts expectations for a pick up in price pressures. The five-year, five-year, breakeven forward rate -- a measure closely tracked by the European Central Bank -- rose to 1.7520 perce...Read More