06012016Wed
Last update: Wed, 01 Jun 2016 04am

Markets - FXMM

Markets - FXMM - Asia

Sri Lankan rupee forwards end weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards ended weaker on Monday on dollar demand from importers amid fears the currency could weaken further if the government increased spending following the country's worst natural disaster since 2004, dealers said.Dollar/rupee forwards, known as spot next, ended at 148.20/50 per dollar, weaker than Friday's close of 147.55/60.Spot next, which acts as a proxy for the spot currency, indicates the exchange rate for the day following conventional spot settlement, which is three days ahead for Monday's trade."There was importer (dollar) demand. We have seen some exporter conversions coming in when the rupee touched 148.50 and also a state bank sold dollars to select traders from 147.50 to 147.80," a currency dealer said.Central bank officials were not available for comment.Another dealer said downward pressure on the rupee would persist despite expected inflows."We do not expect the rupee to appreciate sharply in the event of inflows from loans ...


Markets - FXMM - Americas

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards fell on Monday due to dollar demand from importers amid fears the currency could weaken further if the government increases spending following the country's worst natural disaster since 2004, dealers said.Dollar/rupee forwards, known as spot next, were at 147.80/148.00 per dollar, weaker compared with Friday's close of 147.55/60.Spot next, which acts as a proxy for the spot currency, indicates the exchange rate for the day following conventional spot settlement, which ...

Markets - FXMM - Middle East & Africa

South Africa's rand slips ahead of ratings decisions, stocks to inch up JOHANNESBURG: South Africa's rand was under pressure on Monday as a likely credit downgrade due in the week weighed on sentiment and solid economic data from the United States hurt emerging markets.By 0645 GMT the rand slipped 0.4 percent to 15.7860 per dollar following a closing at 15.7250 in New York.Government bonds were flat in early trade, with the yield on the benchmark paper due in 2026 unmoved at 9.435 percent."When the upward revision to ...

Markets - FXMM - Europe

Dollar rises on Fed rate hike bets, hits 1-month high vs flagging yen LONDON: The dollar hit a two-month peak against a basket of currencies and a one-month high against the yen on Monday, after Federal Reserve Chair Janet Yellen fanned expectations for U.S. rate hikes in the near term.Political developments in Tokyo were also supporting the dollar against the yen. Japanese Prime Minister Shinzo Abe said he would delay a sales tax hike scheduled for next April by two and a half years, a senior ruling party ...

Markets - FXMM - Europe

Russian rouble stable in early trade MOSCOW: The Russian rouble was little changed early on Monday, and public holidays on Western markets meant trading was likely to be thinner than usual.At 0728 GMT, the rouble was less than 0.1 percent stronger against the dollar at 66.11 and flat at 73.52 versus the euro.The rouble held its ground despite comments by U.S. Federal Reserve Chair Janet Yellen increasing the likelihood of a near-term U.S. interest rate hike, boosting the dollar and pressuring ...

Markets - FXMM - Americas

C$ weakens as oil dips, Yellen bolsters US rate hike bets TORONTO: The Canadian dollar weakened against its broadly firmer US counterpart on Friday as oil prices fell and after a speech by Federal Reserve Chair Janet Yellen bolstered the case for a US interest rate hike this summer.The US dollar strengthened against a basket of major currencies after Yellen said the Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated.The loonie ...

Markets - FXMM - Americas

Dollar gains before Yellen speech NEW YORK: The dollar index rose on Friday, on track for its strongest monthly performance since last November, before US Federal Reserve Chair Janet Yellen is due to speak and as investors anticipate rate increases in coming months. Investors are focused on Yellen's speech for any new signals that the US central bank is close to raising interest rates, after numerous Fed officials in recent weeks have talked up expectations that an increase may be ...