06282016Tue
Last update: Tue, 28 Jun 2016 03am

Markets - FXMM

Markets - FXMM - Europe

Disbelief, chaos as traders grapple with Brexit vote SYDNEY: Disbelief and shock hit financial trading rooms on Friday as Britain voted to leave the European Union in a decision that sparked upheaval across Asian markets.Sharemarkets in the region spiralled into the red after early forecasts during morning trade that Britons would choose to stay in the grouping gave way to results pointing towards an exit."We all read the same information, we all watch the same screens and clearly the betting companies didn't have this one," Westpac bank's global FX strategy head Robert Rennie told AFP of the result, which saw the Australian market dive almost four percent at one point."The polls didn't have this one and much of the economic and strategy community, including myself to be fair, didn't have this one as well."So I think this (mood) is one of disbelief that this could happen right here, right now."In Tokyo, Yosuke Hosokawa, who heads Sumitomo Mitsui Trust ...


Markets - FXMM - Asia

Taro Aso vows 'firm response' on market volatility if necessary TOKYO: Japanese Finance Minister Taro Aso pledged on Friday that Tokyo was ready to adopt strong measures to address wild volatility on financial markets driven by Brexit fears."We are extremely worried about the risks to the global economy as well as financial and foreign exchange markets," Aso told reporters at an emergency press briefing, as Tokyo stocks nosedived and the yen surged."We will respond firmly when necessary," he added, without elaborating.Copyright AFP (Agence France-Presse), 2016 ...

Markets - FXMM - Middle East & Africa

South Africa's rand gains on British referendum, stocks flat JOHANNESBURG: South Africa's rand stretched a recent rally into its fifth day on Thursday, defying technical and fundamental odds to trade at its firmest in over one month as Britain voted on its European Union status. Stocks were flat, failing to find footing in the volatile global markets as investors cautiously eyed the outcome of the British vote. By 1530 GMT the rand had firmed 0.96 percent to 14.4800 per dollar as overnight polls indicating ...

Markets - FXMM - Asia

Sri Lankan rupee 1 week forwards edge up on exporter dollar sales COLOMBO: Sri Lankan rupee one-week forwards ended firmer on Thursday due to dollar selling by exporters who were expecting further strengthening of the currency after a state-run bank sold the US currency in early trade, dealers said.Importers were reluctant to buy dollars, expecting the currency to strengthen further on the state-run bank's intervention, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee in the absence of trade in ...

Markets - FXMM - Americas

Mexico's peso reaches 2-week high after late Brexit polls MEXICO CITY: Mexico's peso firmed 1.35 percent against the US dollar on Thursday to its highest level in two weeks after late polls pointed towards Britain voting to remain in the European Union. The peso hit 18.235 per dollar, its highest since June 9. Copyright Reuters, 2016

Markets - FXMM - Asia

Sri Lankan rupee 1-week forwards edge up on exporter dollar sales  COLOMBO: Sri Lankan rupee one-week forwards ended firmer on Thursday due to dollar selling by exporters who were expecting further strengthening of the currency after a state-run bank sold the US currency in early trade, dealers said.Importers were reluctant to buy dollars, expecting the currency to strengthen further on the state-run bank's intervention, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee in the absence of trade in ...

Markets - FXMM - Europe

Sterling hits 2016 high on bets Britain will stay in EU LONDON: Sterling hit a 2016 high and the euro surged against the dollar and yen on Thursday after a series of late opinion polls favoured Britain staying in the European Union and bookmakers odds indicated a further shift towards the "Remain" camp.An Ipsos MORI poll for the Evening Standard, conducted on Tuesday and Wednesday, showed 52 percent of British voters would opt to remain while 48 percent would opt to leave. An online Populus poll ...