05062016Fri
Last update: Fri, 06 May 2016 04pm

Markets - FXMM

Markets - FXMM - Asia

Dollar holds up ahead of key US jobs data TOKYO: The dollar held its gains Friday as dealers await US jobs data, after Japan's prime minister left open the door for a market intervention to tame the soaring yen.While the April US jobs report is expected to show a slowdown in new posts, pointing to a softening in the world's top economy, speculation that the Federal Reserve could lift interest rates as early as next month have have buoyed the greenback."In order to maintain the rebound in the dollar, a solid payrolls release would likely need to be accompanied by stronger-than-expected average hourly earnings growth," Kymberly Martin, a markets strategist at Bank of New Zealand, said in an e-mail to clients. "This could prompt the market into increasing its expectations for Fed rate hikes this year."In Tokyo, the greenback fetched 107.11 yen, slightly off 107.26 in New York but still above 18-month lows around 105.55 yen touched Tuesday.The euro ...


Markets - FXMM - Asia

China's yuan firms on corporate demand, market shrugs off 1-month low midpoint SHANGHAI: The yuan edged up against the dollar on Friday on yuan demand from banks and their corporate clients, shrugging off the softest midpoint set by the central bank in a month, traders said.If the yuan closes around the midday level, it would have weakened 0.4 percent from the week before.The People's Bank of China weakened the midpoint rate for a third straight day to 6.5202 per dollar prior to market open, 0.11 percent softer ...

Markets - FXMM - Europe

Sterling falls as services data fuels concern on UK economy LONDON: Sterling fell against the dollar for a third straight day on Thursday after a key services sector report added to concerns that the economy is stumbling in the run-up to a vote on whether Britain should quit the European Union.The pound has lost ground this week, retreating from a four-month high struck on Tuesday, after poor surveys of manufacturing and construction highlighted the economic risks posed by the June 23 referendum.A PMI survey showed ...

Markets - FXMM - Americas

Oil supports C$ but economic unease offsets gains TORONTO/OTTAWA: The Canadian dollar was little changed against the greenback on Thursday as the benefit from a rally in oil was tempered by worries that economic growth could be weaker than anticipated.Still, the slight gain was a reprieve after a more than 2 percent drop over the past two sessions as weaker-than-expected trade data released this week has weighed on Canada's growth outlook.BMO Capital Markets cut its estimate for first-quarter growth to 2.9 percent annualized ...

Markets - FXMM - Americas

C$ strengthens as oil rallies TORONTO: The Canadian dollar strengthened against its US counterpart on Thursday as oil rallied and stocks rose, while investors turned attention to upcoming jobs data in the US and Canada.The strengthening of the loonie comes one day after it plunged to a two-week low of C$1.2886, pressured by weak domestic trade data and a wildfire that cut production in Canada's oil sands region.Supportive of the risk-sensitive commodity-linked currency, US and Canadian stocks opened higher, while ...

Markets - FXMM - Americas

Dollar rises, investors await US jobs data NEW YORK: The dollar rose against a basket of currencies for a third day on Thursday as traders closed out profitable bets against the greenback before Friday's US payrolls report which may confirm the view the Federal Reserve will not raise interest rates soon. The dollar index, which measures the US dollar's value versus six currencies, fell to its lowest in over 15 months on Tuesday, led by the yen's surge partly on skepticism about ...

Markets - FXMM - Europe

Russian rouble regains ground with oil MOSCOW: The Russian rouble rose on Thursday, boosted by the oil price which has regained ground after falling earlier in the week. At 0725 GMT, the rouble was 0.9 percent stronger against the dollar at 65.94 and had gained 1 percent to 75.69 versus the euro. The rouble had fallen over 2 percent against the dollar early on Wednesday, the first day after a long holiday weekend during which the oil price had slid, but ...