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Last update: Thu, 11 Feb 2016 01pm

Markets - FXMM

Markets - FXMM - Americas

C$ weakens as oil drops, investors shed risky assets TORONTO: The Canadian dollar lost further ground against its US counterpart on Monday as a sell-off in stocks and a drop in oil prices weighed on the risk-sensitive commodity currency, while Canada's 10-year yield hit a new record low.Investors shed risky assets as worries persisted over the pace of global growth.US crude prices were down 1.52 percent at $30.42 a barrel after a Saudi-Venezuela meeting showed few signs that steps would be taken to boost prices.On Friday, weak Canadian jobs data underlined the economy's struggles to cope with an oil shock, while US wage growth helped stabilize the greenback.Attention has shifted to US Federal Reserve Chair Janet Yellen's testimony on Wednesday amid doubts about the Fed's ability to raise rates this year. At 9:20 a.m. EST (1420 GMT), the Canadian dollar was trading at C$1.3949 to the greenback, or 71.69 US cents, weaker than Friday's official close of C$1.3908, or ...


Markets - FXMM - Europe

Sterling subdued by Brexit uncertainty and UK rate outlook LONDON: Sterling traded below a recent one-month high against the dollar on Monday, as uncertainty about Britain's place in the European Union and diminishing rate hike prospects kept investors cautious. Sterling was trading at $1.4496, off the one-month high of $1.4672 it hit last Thursday after Bank of England chief Mark Carney quashed talk that interest rates could be cut in the coming months, with lower stocks also weighing on sentiment.The pound was lower against ...

Markets - FXMM - Europe

Dollar back on defensive as stocks head lower LONDON: The dollar turned lower against the euro in Europe on Monday as stock markets resumed their decline, wiping out gains based on Friday's US jobs report. A rise in oil prices during Asian trading helped commodity-linked currencies like the Australian and Canadian dollars gain, but that advance faded as crude turned lower. Concern over economic growth last week drove the dollar to its worst performance in more than four years, until solid numbers on ...

Markets - FXMM - Europe

Rouble, tenge lead currency gains, stocks edge lower LONDON: Oil producers Russia and Kazakhstan led emerging currency gains on Monday thanks to relatively stable oil prices although EM stocks edged lower, with China and most other Asian markets closed for Lunar New Year. The Russian rouble opened 1 percent higher and the Kazakh tenge firmed 1.8 percent after Brent crude futures rallied to over $34 a barrel in early trading on continued speculation about a co-ordinated cut in production.But by 1000 GMT the ...

Markets - FXMM - Middle East & Africa

Ugandan shilling steady amid thin exporter inflows KAMPALA: The Uganda shilling was steady on Monday, supported by weak dollar inflows from exporters.At 0943 GMT commercial banks quoted the shilling at 3,440/3,450, little changed from Friday's close of 3,435/3,445."There are no inflows into the market, we're not seeing anything from usual sources like coffee exporters," said Ali Abbas, trader at Crane Bank.Market players have said economic activity is slowing down ahead of a presidential election on Feb. 18. Copyright Reuters, 2016

Markets - FXMM - Asia

Sri Lankan rupee forwards edge down; IMF statement raises concerns COLOMBO: Sri Lankan rupee edged down on Monday due to mild importer dollar demand, though selling of the greenback by banks prevented any further fall amid concerns over a statement by the International Monetary Fund, dealers said. Rupee forwards have been active since Jan. 27 as there has been little trading in spot currency with banks reluctant to trade below the 144.00 level amid moral suasion by the central bank.One-week rupee forwards, which act as ...

Markets - FXMM - Asia

Dollar gains as US jobs report keeps alive rate hike hopes TOKYO: The dollar extended its gains Monday as a closely watched US jobs report fanned speculation that the Federal Reserve may hike interest rates as early as next month.Financial market turmoil and worries about global growth have been weighing on expectations for more rate hikes this year.But Friday's upbeat employment report has reignited speculation the US central bank will raise borrowing costs again -- a plus for the greenback.The January jobs report showed hiring eased ...