09302016Fri
Last update: Fri, 30 Sep 2016 01pm

Markets - FXMM

Markets - FXMM - Asia

Sri Lankan rupee weaker on importer dollar demand; stocks up COLOMBO: The Sri Lankan rupee edged down on Wednesday, heading for a third straight session of fall, as the demand for dollar from importers exceeded greenback sales by exporters, dealers said.The spot rupee was trading at 146.50/60 per dollar, compared with Tuesday's close of 146.45/50.Sri Lanka's central bank held its key policy interest rates steady on Wednesday, a widely expected decision that analysts say suggested policy makers were keen to support a slowing economy even as they kept a tight leash on rampant credit growth.The bank has tightened policy three times since December.Private sector credit growth was at 28.5 percent year-on-year in July, its highest since August 2012, but central bank chief Indrajith Coomaraswamy said last month that he expected the credit expansion rate to slow to 18 percent by the end of 2016.The central bank is also under pressure from the International Monetary Fund (IMF) to continue to rebuild ...


Markets - FXMM - Asia

Dollar edges up from 1-month low vs yen; euro nurses losses SINGAPORE/TOKYO: The dollar rose versus the yen on Wednesday, while the euro nursed its losses after retreating on concerns over the health of the European financial system.The dollar rose 0.2 percent to 100.69 yen, regaining some footing after setting a one-month low of 100.085 yen on Tuesday.The euro held steady at $1.1209, languishing below this week's high of $1.1280 set on Monday.The euro had retreated on Tuesday as share prices in Deutsche Bank, Germany's largest ...

Markets - FXMM - Asia

China's yuan listless, boost from SDR inclusion may be fleeting  SHANGHAI: China's yuan dipped on Wednesday but was little changed from the previous session ahead of week-long holidays.The People's Bank of China set the midpoint rate at 6.6681 per dollar prior to the market open, weaker than the previous fix of 6.6646.In the spot market, the yuan opened at 6.6678 per dollar and was changing hands at 6.6716 at midday, 21 pips weaker than the previous late session close and only 0.05 percent weaker than ...

Markets - FXMM - Americas

Mexico peso rises after US presidential SAO PAULO: The Mexican peso strengthened on Tuesday as traders cheered Democrat candidate Hillary Clinton's performance against Republican Donald Trump in the first US presidential debate.Many traders fear a Trump victory could threaten Mexican exports to the United States, its biggest single market.The peso firmed 2.5 percent to its strongest level in a week, rebounding from its weakest-ever drop last week, when polls showed growing support for a Trump presidency. It was the peso's biggest ...

Markets - FXMM - Americas

C$ weakens to nearly 6-month low on oil drop, dovish Poloz TORONTO: The Canadian dollar weakened to a nearly six-month low against its US counterpart on Tuesday as oil prices slipped and a speech by Bank of Canada Governor Poloz suggested the loonie may need to fall further to support the economy.Central banks may find it more challenging to maintain inflation targets as the world economy becomes more integrated with increased international trade, Poloz said on Monday.Poloz recognized that the economy is not going to respond ...

Markets - FXMM - Middle East & Africa

Egypt pound steady at regular dollar sale, weaker on black market CAIRO: Egypt's central bank held the pound steady against the dollar at its regular foreign currency sale on Tuesday, while the currency weakened on the black market. The bank sold $118.6 million at an unchanged rate of 8.78 per dollar. On the black market, four traders said they were selling dollars at a range between 13.05-13.10 pounds per dollar, weaker than last week's 12.8. They did not give volumes of trade. Egypt is facing an ...

Markets - FXMM - Asia

Sri Lankan rupee ends lower on importer dollar demand COLOMBO: The Sri Lankan rupee ended weaker for a second straight session on Tuesday as seasonal demand for dollar from importers outpaced greenback sales by exporters and banks, dealers said. The spot rupee ended at 146.45/50 per dollar, compared with Monday's close of 146.35/45. The spot-next forwards ended at 146.48/58 compared to the previous close of 146.38/48, and edged down from Friday's close of 146.30/40. "There were little remittances and foreign buying into government securities. ...