02142016Sun
Last update: Sun, 14 Feb 2016 11pm

Markets - FXMM

Markets - FXMM - Middle East & Africa

Kenyan shilling steady, seen firming NAIROBI: Kenya's shilling was steady on Friday and traders said they saw it gaining ground, helped by muted dollar demand and foreign currency inflows from sectors like agriculture and tourism.At 0929 GMT, commercial banks quoted the shilling at 101.75/85, unchanged from Thursday's close."Going forward it's going to gain. (Dollar) demand is not there. So a little supply is pushing it lower (stronger). Tea sales, non governmental organisation funds is constant money which is going to come in," said a senior trader at one commercial bank. Copyright Reuters, 2016


Markets - FXMM - Asia

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards edged down on Friday on importer dollar demand and dealers said they expected the currency to weaken further in the months to come due to rising imports and slowing dollar inflows. One-week rupee forwards, which act as a proxy for spot, traded at 144.36/40 per dollar at 0639 GMT compared with Thursday's close of 144.30/35. Rupee forwards have been active since Jan. 27 as there has been little trading in ...

Markets - FXMM - Middle East & Africa

South Africa's rand slides as President's speech disappoints JOHANNESBURG: South Africa's rand weakened on Friday after President Jacob Zuma's state-of-the-nation address that analysts and economists said did not deal with concerns raised by rating agencies. By 0645 GMT the rand had slipped 0.7 percent to 15.9100 per dollar, pushed lower by the president's failure to address investor worries over fiscal policy as well weak mining and manufacturing data. Bonds also weakened, with the benchmark paper due in 2026 adding 7 basis points to ...

Markets - FXMM - Australia

Australia, NZ dollars poised for large weekly losses vs yen SYDNEY/WELLINGTON: The Australian and New Zealand dollars fell for a seventh straight session versus the yen on Friday as a sell-off in global stocks sent investors to safe-haven assets, leaving both currencies with deep weekly losses. The yen, a favoured currency at times of heightened risk aversion, gained broadly as worries over European bank debt clouded an already bleak economic outlook. The jump in the currency in turn slammed Japanese shares down more than 5 ...

Markets - FXMM - Americas

US dollar slides vs yen on deepening global worries NEW YORK: The US dollar fell to a 15-month low against the yen on Thursday, on track for its worst week against the Japanese currency since 2008, as fears of a global economic slowdown and conerns about stress in the banking system, increased demand for safe-havens.The yen surged against both the U.S. dollar and euro on speculation about Bank of Japan intervention though, but the BOJ had no comment.The U.S. dollar was down 0.85 percent ...

Markets - FXMM - Middle East & Africa

South Africa's rand firmer as dollar weakens, stocks track global markets lower JOHANNESBURG: South Africa's rand firmed against the dollar on Thursday, buoyed by a weaker greenback that was hurt by worries over the global economic outlook.The weaker dollar, which reached lows last seen in October against a basket of currencies on the back of cautious comments from U.S. Federal Reserve chair Janet Yellen, helped drive the rand to its firmest level in six weeksLocally, the market was nervous ahead of President Jacob Zuma's state of the ...

Markets - FXMM - Europe

Sterling index hits 15-month low as investors factor in rate cut risk LONDON: Sterling fell to a 15-month low against a basket of currencies on Thursday, as investors fretted about slowing global growth prospects and their impact on the UK economy, with some pricing in risks of an interest rate cut in Britain.British 10-year gilt yields slid to a record low of 1.2250 percent, before recovering to trade at 1.305 percent in afternoon trade. At its lowest, the 10-year gilt yield has shaved off nearly 75 basis ...