09282016Wed
Last update: Wed, 28 Sep 2016 06am

Markets - FXMM

Markets - FXMM - Europe

Brexit worries drive sterling to six-week low against euro LONDON: Sterling slipped to a five-week low against the euro on Monday, as lingering worries over the economic impact of Britain's impending exit from the European Union weighed on the currency. The pound also traded close to a five-week low against the dollar at $1.2985, leaving it less than two cents away from the three-decade low below $1.28 it plumbed in the wake of June's Brexit vote. After hitting that low in July, sterling gained 5 percent versus the dollar by early September, as data showed the post-referendum economy holding up better than had been feared. But with parliament back from its summer recess, Brexit worries have come back into investors' radar and have dampened appetite for the currency. Against the euro, sterling fell as much as half a percent to 87.16 pence, its lowest since August 16 and close to the three-year low of 87.245 pence it touched on ...


Markets - FXMM - Americas

C$ strengthens slightly as oil rallies, OPEC meets TORONTO: The Canadian dollar strengthened against its US counterpart on Monday as oil prices rebounded, but gains were restrained as investors turned cautious ahead of the first US presidential debate.Modest gains for the loonie followed losses on Friday as oil tumbled and domestic inflation and retail sales data disappointed.Canada's annual inflation rate in August dipped to a 10-month low, and retail sales unexpectedly fell in July, reviving talk that the Bank of Canada was more ...

Markets - FXMM - Americas

Dollar falls on comments from BoJ's Kuroda, US debate uncertainty NEW YORK: The dollar fell against the safe-haven yen on Monday after comments from a top Bank of Japan (BOJ) official reinforced views that the central bank was unable to weaken the yen, while an impending US presidential debate stoked uncertainty. BOJ Governor Haruhiko Kuroda said Monday the central bank stood ready to use every possible policy tool to achieve its 2 percent inflation target. He also said no big increase or decrease to its ...

Markets - FXMM - Middle East & Africa

Nigerian naira hits record low on black market LAGOS: The Nigerian naira fell 1.1 percent to a record low of 445 to the dollar on the black market on Monday as the dollar woes of Africa's biggest economy persist. Traders said that speculators and strong demand from parents buying dollars to pay school fees abroad are putting pressure on the Nigerian currency, though the president of the association of bureau de change operators, Aminu Gwadabe, said the rate is not a true reflection ...

Markets - FXMM - Europe

Yen gains after Kuroda sticks to negative rate script LONDON: The yen was holding strong on Monday in the face of another volley of promises from the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further into negative territory.All eyes will be on the first U.S. presidential debate later, with the chances of a Donald Trump presidency, and the protectionist boost for the dollar many analysts think it might imply, moving to the front ...

Markets - FXMM - Europe

Russian rouble stable on tax payments support; stocks slide MOSCOW: The Russian rouble was stable early on Monday, supported by end-of-month tax payments, but Moscow-listed stocks slid on downbeat investor sentiment ahead of the first U.S. presidential debate.At 0737 GMT, the rouble was 0.1 percent weaker against the dollar at 64.15 and had lost 0.2 percent to trade at 72.07 versus the euro.Russian firms are due to pay the mineral extraction tax, value-added tax and excise tax payments on Monday. Such large tax payments ...

Markets - FXMM - Asia

Sri Lankan rupee slips on seasonal importer dollar demand COLOMBO: The Sri Lankan rupee edged down on Monday as seasonal demand for dollar from importers outpaced sales by exporters and banks, dealers said.Rupee forwards were actively traded on Monday in the absence of active spot trading.The spot-next forwards were at 146.40/45 per dollar, edging down from Friday's close of 146.30/40. One-week forwards were at 146.55/65, weaker from Friday's close of 146.45/55.The spot rupee was trading at 146.35/45 per dollar at 0556 GMT, compared to ...