12082016Thu
Last update: Thu, 08 Dec 2016 12pm

Markets - FXMM

Markets - FXMM - Asia

Euro hits near 2-year low after Italy TOKYO: The euro tumbled in early Asian trade on Monday after Italian Prime Minister Matteo Renzi said he would resign after conceding defeat in a referendum over his plan to reform the constitution.The euro dropped 1.3 percent to $1.0505, falling below its 1 1/2-year low of $1.0518 touched late last month, and testing its key support levels where the currency has managed to rebound in the past couple of years.A break below its 2015 March low of $1.0457 would send the currency to its lowest level since early 2003, opening a way for a test of $1, or parity against the dollar, a scenario which many market players now see as a real possibility.Renzi's departure looks set to boost political uncertainty in the euro zone's third largest economy, as his Democratic Party (PD) is running neck-and-neck with the anti-euro 5-star Movement in the opinion polls.It also came at a bad time for Italy's fragile banking system, as Monte dei Paschi di Siena, ...


Markets - FXMM - Europe

Russian rouble dips as oil comes off multi-month highs MOSCOW: The Russian rouble dipped slightly in early trade on Friday as oil ticked lower, and Russian stocks fell after hitting a record high overnight.  At 0720 GMT, the rouble had lost 0.3 percent to fall to 64.17 against the dollar and was down 0.6 percent against the euro to trade at 68.5..The moves reflected a slide in Brent crude futures, a global benchmark for Russia's main export. They were down 0.7 percent at $53.55 a barrel.The decline in oil ...

Markets - FXMM - Americas

Dollar index pares losses after ISM US services data   NEW YORK: The dollar trimmed losses on Thursday against a group of currencies as a private-sector report showed the services sector grew faster-than-forecast in November, supporting the view the US economy is expanding at a solid clip in the fourth quarter.  The dollar index, which measures the value of the greenback versus the euro, yen and four other currencies, was down 0.16 percent at 101.34, which was above its session low of 101.06.      Copyright Reuters, 2016

Markets - FXMM - Asia

OPEC deal hurts Asia FX; China takes more steps to curb outflows SINGAPORE: Most emerging Asian currencies eased on Thursday as an OPEC deal to reduce oil production pushed up the dollar and US Treasury yields, adding to views that the world's largest economy will see higher inflation.China's yuan eased, but stronger-than expected manufacturing activity in November helped the renminbi recover some losses.Sources told Reuters that China's central bank was imposing new rules on yuan-denominated lending overseas in authorities' latest attempt to stem capital outflows.The South Korean won hit a near one-week low on ...

Markets - FXMM - Asia

Dollar edges up as US yields resume rise, OPEC meeting awaited TOKYO: The dollar pared earlier losses against the yen and euro and edged up on Wednesday, as U.S. debt yields resumed their ascent.The greenback's gains were limited, however, as traders braced for a meeting by the Organization of the Petroleum Exporting Countries (OPEC) later in the day which could spark volatility in financial markets and weigh on the U.S. currency.The dollar rose 0.3 percent to 112.690 yen after going as low as 112.060.It surged to 113.340 overnight on robust revised U.S. ...

Markets - FXMM - Europe

Sterling drifts lower, unmoved by Vlieghe message LONDON: Sterling drifted lower against both the dollar and euro on Monday, with dealers citing one substantial late morning order as having moved currency rates in a session dominated by a correction to recent dollar gains. The euro, also helped initially by Sunday's victory for Francois Fillon in the French right's presidential primary, was 0.3 percent higher against sterling after racking up its worst run of weekly losses against the pound since early 2015 last ...

Markets - FXMM - Middle East & Africa

South Africa's rand firms over ratings, Zuma ANC vote JOHANNESBURG: South Africa's rand firmed to near three-week highs against the dollar and yields on government bonds fell on Monday after rating agencies Fitch and Moody's affirmed the country's investment-grade credit ratings. The market's focus was also on scandal-plagued President Jacob Zuma, who is facing a vote of no-confidence by the ruling party's executive committee. Some analysts said Zuma's hand would be weakened by the challenge even if he survived the vote - as expected ...