Markets - FXMM
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NEW YORK: The US dollar fell against the euro on Tuesday after comments from Federal Reserve officials dented expectations the US central bank may taper its bond purchases anytime soon.But the dollar rose against the yen, a day before the Bank of Japan concludes a two-day policy meeting. Traders widely expect the yen to fall further on expectations Japan will continue its aggressive monetary easing.The euro rose 0.2 percent to $1.2906, having reached a session peak of $1.2933 and moving away from a six-week low of $1.2795 touched on Friday, according to Reuters data.Against the yen, the dollar was up 0.2 percent at 102.48 yen , coming off a session peak of 102.88 yen.Investors scrutinized Fed comments after speculation grew that it is edging closer to tapering bond buying as the labor market improves. Focus now shifts to Fed Chairman Ben Bernanke's testimony to Congress at 10 a.m. 1400 GMT) ...
TORONTO: The Canadian dollar softened against its US counterpart on Tuesday but was off its session low after comments by US Federal Reserve officials trimmed expectations that the US central bank might rein in its ultra-easy monetary policy.Two senior Fed officials played down the chances that the central bank would signal a readiness to curtail its bond buying program at its meeting next month, dampening earlier speculation spurred by persistent talk from more hawkish Fed ...
ISTANBUL: The Turkish lira fell to its weakest in nearly a year on Tuesday as investors took profits after a second major credit rating agency lifted the country to investment-grade.The lira eased to 1.8542 against the dollar by 1030 GMT, its weakest level since last June, from 1.8466 late on Monday. Analysts said the sell-off was due to profit-taking after the long-awaited rating upgrade.Moody's assigned Turkey a Baa3 rating with stable outlook on Thursday making ...
LONDON: The dollar rose against the yen on Tuesday after a minister rowed back on remarks suggesting the Japanese currency had weakened enough, but gains were capped before testimony from the head of the US central bank.Speculation the Federal Reserve will trim its bond purchases sooner than expected has mounted given signs of an improvement in the US labour market. Chairman Ben Bernanke testifies to Congress on Wednesday and his words will be combed for ...
LONDON: Sterling fell and gilts rose on Wednesday after Britain's April inflation rate undershot expectations.Sterling fell to $1.5184 from $1.5212 as the data was perceived by traders as giving incoming Bank of England chief Mark Carney more room to ease monetary policy later in the year. The euro rose to 84.675 from 84.58 pence.British June government bond futures extended gains by almost 20 ticks to hit a session high of 117.79 after the data, and ...
LONDON: The dollar edged up, gold steadied and European shares held near five-year highs on Tuesday as investors look out for US Federal Reserve signals on the future of its stimulus programme.Upbeat comments from Chicago policymaker Charles Evans have made Wednesday's release of minutes of the US central bank's last meeting and Fed chairman Ben Bernanke's testimony in Congress the same day the main focus for markets.The usually dovish Evans said on Monday that as ...
SYDNEY/WELLINGTON: The Australian and New Zealand dollars regained ground on Tuesday as suspense grew over whether the US Federal Reserve chief would signal his intention to start tapering the bank's bond-buying programme.The Aussie dollar rose to $0.9828 by 0557 GMT, from $0.9793 earlier. It had already gained 0.8 percent on Monday, further recovering from a 11-month trough of $0.9711 set last week.It climbed as high as $0.9836, buoyed by a wave of short-covering on growing ...More Articles...
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