09302016Fri
Last update: Fri, 30 Sep 2016 11am

Markets - FXMM

Markets - FXMM - Asia

Sri Lankan rupee weaker on importer dollar demand COLOMBO: The Sri Lankan rupee traded weaker on Tuesday as seasonal demand for dollar from importers exceeded sales by exporters and banks, dealers said.The spot rupee traded at 146.45/55 per dollar, compared with Monday's close of 146.35/45.The spot-next forwards were at 146.56/60 per dollar, edging down from Monday's close of 146.38/48. One-week forwards were at 146.65/80, weaker from last close of 146.50/68."There is importer demand today and not much of exporter conversions or remittances to meet that demand," a currency dealer said, asking not to be named.Dealers said the market expects the rupee to be under downward pressure until December due to the seasonal importer dollar demand.The spot rupee is usually managed by the central bank and market participants use the forward market levels for guidance on the currency.Sri Lanka's central bank is expected to keep its key interest rates steady on Wednesday, after cutting three times since December to ...


Markets - FXMM - Asia

Riskier currencies jump as Clinton gets nod in debate TOKYO: The yen dropped and higher-risk currencies surged Tuesday as markets appeared to give Hillary Clinton the edge over Donald Trump in the first US presidential debate.Investors had moved into assets seen as safe bets, such as the yen, ahead of the highly anticipated showdown between the pair who are locked in a neck and neck race for the White House.But as they clashed over the economy, trade and diplomacy, traders pushed back into riskier ...

Markets - FXMM - Europe

Brexit worries drive sterling to six-week low against euro LONDON: Sterling slipped to a five-week low against the euro on Monday, as lingering worries over the economic impact of Britain's impending exit from the European Union weighed on the currency. The pound also traded close to a five-week low against the dollar at $1.2985, leaving it less than two cents away from the three-decade low below $1.28 it plumbed in the wake of June's Brexit vote. After hitting that low in July, sterling gained ...

Markets - FXMM - Americas

C$ strengthens slightly as oil rallies, OPEC meets TORONTO: The Canadian dollar strengthened against its US counterpart on Monday as oil prices rebounded, but gains were restrained as investors turned cautious ahead of the first US presidential debate.Modest gains for the loonie followed losses on Friday as oil tumbled and domestic inflation and retail sales data disappointed.Canada's annual inflation rate in August dipped to a 10-month low, and retail sales unexpectedly fell in July, reviving talk that the Bank of Canada was more ...

Markets - FXMM - Americas

Dollar falls on comments from BoJ's Kuroda, US debate uncertainty NEW YORK: The dollar fell against the safe-haven yen on Monday after comments from a top Bank of Japan (BOJ) official reinforced views that the central bank was unable to weaken the yen, while an impending US presidential debate stoked uncertainty. BOJ Governor Haruhiko Kuroda said Monday the central bank stood ready to use every possible policy tool to achieve its 2 percent inflation target. He also said no big increase or decrease to its ...

Markets - FXMM - Middle East & Africa

Nigerian naira hits record low on black market LAGOS: The Nigerian naira fell 1.1 percent to a record low of 445 to the dollar on the black market on Monday as the dollar woes of Africa's biggest economy persist. Traders said that speculators and strong demand from parents buying dollars to pay school fees abroad are putting pressure on the Nigerian currency, though the president of the association of bureau de change operators, Aminu Gwadabe, said the rate is not a true reflection ...

Markets - FXMM - Europe

Yen gains after Kuroda sticks to negative rate script LONDON: The yen was holding strong on Monday in the face of another volley of promises from the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further into negative territory.All eyes will be on the first U.S. presidential debate later, with the chances of a Donald Trump presidency, and the protectionist boost for the dollar many analysts think it might imply, moving to the front ...