05052016Thu
Last update: Thu, 05 May 2016 12am

Markets - FXMM

Markets - FXMM - Middle East & Africa

South Africa's rand firmer, stocks set to open higher JOHANNESBURG: South Africa's rand firmed slightly against the dollar early on Tuesday, edging back towards five-month highs hit on Friday as investors positioned for a slew of domestic and foreign economic data. At 0645 GMT, the rand traded at 14.2550 versus the dollar, up 0.18 percent from Monday's New York close.The rand hit 14.1165 on Friday, its strongest since November 25, lifted by a broadly weaker dollar, strong trade data and a court ruling against scandal-beset President Jacob Zuma.Rand Merchant Bank analyst Isaah Mhlanga said markets were focusing on upcoming data, including the manufacturing Purchasing Managers Index (PMI) and vehicle sales figures for April at home, as well as US trade, durable goods orders, services PMI and non-farm payroll number."Across the Atlantic, this week's data is the first to provide an indication as to the direction the Fed's interest rate policy will take come June," Mhlanga said in a note.South ...


Markets - FXMM - Asia

Yen hits 18-month high; Aussie slides as RBA eases policy SINGAPORE: The yen hit a fresh 18-month high against the US dollar on Tuesday and jumped against the Australian dollar, after Australia's central bank cut interest rates to a record low. The US dollar fell to 105.78 yen at one point, its lowest level since October 2014. The greenback last stood at 105.85 yen , down 0.5 percent on the day.The yen added to its gains as the Australian dollar skidded after the Reserve Bank ...

Markets - FXMM - Australia

Australia dollar sunk by RBA rate cut, drags on NZ$ SYDNEY/WELLINGTON: The Australian dollar took a spill on Tuesday after the Reserve Bank of Australia (RBA) surprised some by cutting its cash rate to a record low, dragging the New Zealand dollar lower in turn. The Australian dollar skidded 1.4 percent to $0.7561 on the day. A break of $0.7548 would target the April low of $0.7490.The Aussie dropped to its lowest in two months against the yen, euro and pound , while it touched ...

Markets - FXMM - Asia

Dollar slips as US data lower rate hike expectations SINGAPORE: The dollar extended its losses against the yen and euro Tuesday as fresh data indicating a slowdown in the US manufacturing sector lowered expectations the Federal Reserve will hike interest rates any time soon.The greenback was already under pressure against the yen after the Bank of Japan on Thursday refused to expand its stimulus programme despite a string of weak economic indicators and two deadly earthquakes that closed factories.On Monday a closely watched gauge ...

Markets - FXMM - Americas

Dollar rebounds vs yen, slips against other major currencies NEW YORK: The dollar rose on Monday from its biggest weekly fall in more than seven years against the yen but softened against other major currencies, in particular the euro, which was helped by stronger German manufacturing data. Worries over Japanese policymakers' inability to stem the yen's rise pushed the dollar to an 18-month low of 106.14 yen in the first hours of Asian trade. It later bounced to 106.78 yen, up 0.4 percent on ...

Markets - FXMM - Americas

Brazil's real falls after central bank intervenes BRASILIA: Brazil's real weakened nearly 2 percent on Monday, hurt by a drop in global commodities prices and heavy central bank intervention aimed at curbing gains in the currency, which recently hit eight-month highs.Other Latin American currencies and stock markets saw light traded as holidays in Europe and Asia reduced volumes and risk appetite. Commodities prices fell 0.7 percent as Brent crude fell nearly 2 percent.The Brazilian central bank offered $2 billion in reverse swaps ...

Markets - FXMM - Europe

Yen hits 18-month high vs dollar as Japan seen in policy bind LONDON: The yen touched a fresh 18-month high against the greenback early on Monday after its biggest weekly gain in more than seven years, as traders bet that Tokyo policymakers have limited capacity to stem the yen's gains.The dollar touched a new low of 106.14 yen at the start of Asian trade and steadied only marginally by the start of a European session thinned out by a holiday in London.Finance Minister Taro Aso was quoted ...