Markets - FXMM
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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 long as the recent pickup in the US jobs market continued he was "open-minded" about slowing the Fed's $85 billion a month bond-buying programme, and he even mentioned the idea of simply halting it.The dollar was up 0.25 percent against a basket of major currencies as mid-morning approached in Europe, although that was comfortably below its recent three-year high.Economists expect Fed Chairman Bernanke to deliver a steady message on the bank's policy when he speaks ...
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 ...
TOKYO: The dollar turned higher against the yen in Asia on Tuesday as investors waited for testimony by the US central bank chief and the outcome of a policy meeting of the Japanese central bank.The dollar was changing hands at 102.52 yen in Tokyo afternoon trade, up from 102.26 yen in New York late Monday.The euro rose to 132.11 yen from 131.76 yen in New York while edging upward to $1.2886 from $1.2884.The dollar had ...
TOKYO: The dollar turned higher against the yen in Asia on Tuesday as investors waited for testimony by the US central bank chief and a policy meeting of the Japanese central bank.The dollar was changing hands at 102.61 yen in Tokyo morning trade, up from 102.26 yen in New York late Monday.The euro rose to 132.20 yen from 131.76 yen in New York while slipping to $1.2868 from $1.2884.The dollar was weaker in early trade ...
NEW YORK: The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering US bond purchases this week.Market focus is shifting to Bernanke's testimony to Congress on Wednesday after recent comments by Fed officials have fueled speculation the US central bank may trim its bond purchases sooner than expected.The yen rebounded from a 4-1/2-year low against the dollar after Japan's Economy Minister ...
NEW YORK: The euro rebounded against the dollar Monday after sharp losses last week, while the yen also pushed higher after Japan's economy minister said it may have fallen far enough.At 2100 GMT, the euro was at $1.2884 compared to $1.2834 late Friday.The dollar fell to 102.26 yen from 103.19, while the euro moved to 131.76 yen from 132.44.The dollar mostly traded in a narrow range in the absence of fresh economic data and in ...
LONDON: Sterling recovered from a six-week low against the dollar on Monday as the US currency dipped after recent strong gains, but it was still vulnerable to signs the US central bank may scale back monetary stimulus.The pound could be lifted by Bank of England minutes on Wednesday and a string of UK data this week, including retail sales and revised first quarter gross domestic product figures, if they continue to point to an improving ...More Articles...
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