08292016Mon
Last update: Mon, 29 Aug 2016 06am

Markets - FXMM

Markets - FXMM - Asia

South Korean won ends up on late dollar-selling, stocks tread on water SEOUL: The South Korean won extended gains on Thursday as dollar-selling picked up toward late trade. The won was quoted at 1,115.9 to the dollar at the conclusion of onshore trade, up 0.5 percent compared to Thursday's close of 1,122.0.South Korean shares were little changed with the Korea Composite Stock Price Index (KOSPI) closing at 2,042.92 points.Offshore investors sold a net 318.7 billion won ($285.68 million) worth of KOSPI shares for the day.Copyright Reuters, 2016


Markets - FXMM - Asia

Dollar edges lower as market awaits Yellen speech TOKYO: The dollar was barely moved Thursday ahead of a speech by Federal Reserve boss Janet Yellen that could shed light on whether a 2016 rate hike is still on the cards. With the economic calendar relatively light this week, investors largely stayed on the sidelines before Yellen's remarks at the Jackson Hole symposium of global bankers Friday.In Tokyo morning trade, the greenback ticked down to 100.44 yen from 100.45 yen Wednesday in New York, ...

Markets - FXMM - Americas

C$ weakens against firmer greenback as oil falls TORONTO: The commodity-linked Canadian dollar weakened against its firmer US counterpart on Wednesday as oil fell, although losses for the currency were restrained as investors awaited clues this week on the US interest rate outlook.Oil fell after an unexpectedly large inventory build in the world's biggest oil consumer renewed oversupply concerns. US crude oil futures settled $1.33 lower at $46.77 a barrel.The US dollar rose against a basket of major currencies ahead of a gathering ...

Markets - FXMM - Europe

Dollar treads water as traders focus on Yellen speech LONDON: The dollar crept up on Wednesday after falling the previous day, but was unable to break out of its recent trading ranges, as investors focused on a gathering of central bankers for clues on when the U.S. Federal Reserve will hike interest rates again.Analysts said data on Tuesday that showed new U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years, had helped the dollar marginally.The main focus ...

Markets - FXMM - Europe

Sterling hits three-week highs, boosted by upbeat data LONDON: Sterling extended gains above $1.32 to hit a three-week high on Wednesday, as speculators further cut bets against the currency after recent data indicated that the economy was holding up surprisingly well after the Brexit vote.Short positions on sterling had reached a record high of 94,238 contracts in the week to Aug. 16 and traders said many speculators were now unwinding bets and booking profits.Sterling rose 0.7 percent against the euro to 85.13 pence ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on importer dollar demand COLOMBO: The Sri Lankan rupee ended slightly weaker on Wednesday as importer dollar demand surpassed declining sales of the greenback by exporters, dealers said.The local currency traded below 145.50 per dollar as the central bank did not intervene to defend the rupee, they added.The spot rupee ended at 145.55/58 per dollar, compared with Tuesday's close of 145.50/55."The rupee ended weaker on importer demand," a currency dealer said, asking not to be named."The central bank was ...

Markets - FXMM - Asia

South Korean won ends lower on dollar strength, stocks edge down SEOUL: The South Korean won slipped on Wednesday as the dollar strengthened, helped by solid US home sales data. The won was quoted at 1,122.0 to the dollar at the conclusion of onshore trade, down 0.6 percent from Tuesday's close of 1,115.6.South Korean shares also edged down , as market participants held their positions ahead of the Jackson Hole meeting of global central banks.The Korea Composite Stock Price Index (KOSPI) closed down 0.3 percent at ...