Markets - FXMM
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WARSAW: The Polish zloty hovered near a 10-month low on Friday after weak retail sales data bolstered expectations the central bank will cut interest rates again next month to shore up central Europe's biggest economy.Other currencies in the region were mixed. The Czech crown picked up after its nearly 4 percent slide this year but dealers said it was likely to remain weak in the longer term given a sluggish Czech economy and central bank intervention risk.The zloty fell 0.2 percent to 4.204 to the euro by 0859 GMT, just off a four-month low of 4.2120 hit on Thursday. The crown gained 0.6 percent, while the Hungarian forint added 0.2 percent.The zloty, the region's most liquid currency, has lost 3.1 percent this year, hit by domestic rate cuts and worries that an eventual unwinding of US monetary stimulus could curb fund inflows to emerging markets.It is now nearing a nine-month ...
LONDON: The euro rose on Friday after a German business sentiment survey beat forecasts, suggesting Europe's largest economy is picking up and lessening prospects of further euro zone monetary easing.The Ifo business climate index rose to 105.7 in May, well above forecasts for 104.5 as it rebounded after two consecutive falls.The euro rose 0.3 percent on the day to a session high of $1.29875, close to this week's peak of $1.2998 and the mid-May high ...
TOKYO: Yen trading was volatile in Asia on Friday in tandem with wild swings on the Tokyo stock market, but some analysts said the Japanese currency's weakening trend was likely to continue.In afternoon deals, the dollar weakened to 101.73 yen, compared to 101.82 in New York late Thursday, after jumping over the 102.50-yen level in morning trade.Euro-yen trading also zigzagged, buying 131.54 yen in the afternoon from 131.72 yen in New York and over the ...
SYDNEY/WELLINGTON: The Aussie and New Zealand dollars came under renewed pressure on Friday, weighed by a sharp fall in Australian stocks as recent market volatility has left investors cautious, with moves exacerbated in thin trading.Aussie dropped two-thirds of a cent on the day to $0.9672 at 0155 GMT, pulling in closer to Thursday's 11-month low of $0.9593.A break of $0.9581, the 2012 trough, would open the way to $0.9388, the weakest since Oct 2011.The kiwi ...
TOKYO: The dollar fell more than one yen from the day's high, edging closer to a two-week low hit the previous day as Japanese shares pared gains, in a move reminiscent of the stock market's 7 percent plunge the previous day.The dollar fell to 101.545 yen, edging closer to the two-week low of 100.83 yen hit on Thursday.Copyright Reuters, 2013 
TOKYO: The yen weakened against other major currencies in Asian morning trade on Friday as risk sentiment improved, with Tokyo stocks bouncing back following the previous day's seven-percent plunge.The dollar rose to 102.33 yen in Tokyo from 101.82 yen in New York late Thursday as the benchmark Nikkei 225 index at the Tokyo Stock Exchange jumped over three three percent in early trade.The euro also climbed against the Japanese currency to 132.15 yen from 131.72 ...
NEW YORK: The dollar was on track for its biggest daily drop in more than five weeks against the yen on Thursday after a sharp slide in Japanese stocks and weak Chinese factory activity data prompted a rush for the safe-haven Japanese currency.The yen also rallied versus the euro and other currencies, further buoyed by a jump in 10-year Japanese government bonds yields, to 1.000 percent, the highest in a year.China's factory activity shrank for ...More Articles...
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