12082016Thu
Last update: Thu, 08 Dec 2016 12pm

Markets - FXMM

Markets - FXMM - Australia

Australian, NZ dollars at multi-month peak versus yen as yields climb SYDNEY/WELLINGTON: The Australian dollar jumped on the Japanese yen on Friday as investors piled positions in high-yielding currencies with Aussie bond yields near 11-month highs, tracking US Treasuries.The Australian dollar hit a seven month peak of 84.60 yen, clocking its fifth straight day of gains.The Aussie rose 0.2 percent against the greenback but was trapped in a $0.7365-$0.7446 band. It has gained more than 1 percent on the week, holding its own against the dollar."Support for the currency appears to have been driven by another solid night for commodities," said Rodrigo Catril, currency strategist at National Australia Bank.Prices of iron ore, the country's single biggest export earner, have rallied hard this week. Futures traded in China <0#DCIO:> were up almost 6 percent, having jumped over 7 percent on Wednesday.Also helping was carry demand, where investors borrow at low rates in yen to buy higher yielding assets such as the Aussie ...


Markets - FXMM - Asia

China&#39;s yuan firms but set to weaken for 3rd straight week SHANGHAI: China's yuan was headed for its third straight week of losses against the dollar on Friday, despite trading a touch stronger in the morning.The yuan has fallen 0.4 percent so far this week and more than 6 percent against the dollar so far this year.Its slide has accelerated along with other emerging market currencies in recent weeks as the dollar surged on expectations of higher US interest rates.Some investors and companies were selling dollars ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on importer dollar demand; stx up COLOMBO: The Sri Lankan rupee was trading weaker on Friday due to dollar demand from importers who fear the economic policies of US President-elect Donald Trump could lead to a rise in the greenback and interest rates. Dealers said foreign investors might pull out of emerging markets, including Sri Lanka, if the US Federal Reserve raises interest rates next month.The dollar index, which tracks the greenback against a basket of six major global peers, was ...

Markets - FXMM - Europe

GLOBAL MARKETS-Dollar pulls back after skittling world currencies LONDON: The dollar surged to a near 14-year high before pulling back on Thursday, clocking up records against a range of other top world currencies and skittling emerging markets. Stronger data from the world's biggest economy and thinner volumes on the US Thanksgiving holiday underpinned the dollar's gains.The dollar had eased off highs by midday after pushing its way past more of last year's peaks against the euro to reach $1.0515, with only the March ...

Markets - FXMM - Europe

Dollar steadies after pre-Thanksgiving breakout LONDON: The dollar steadied after breaking past more of last year's peaks against the euro on Thursday, with only the March 2015 high of $1.0457 standing in the way of a push towards parity that banks are again saying is on the cards. With US markets out for the Thanksgiving holiday, trade was already thinning out after the dollar set a series of new landmarks in early trade in Europe, extending its surge after another ...

Markets - FXMM - Asia

Indian rupee hits record low as emerging market rout intensifies MUMBAI: The Indian rupee fell to a record low of 68.86 on Thursday, pressured by a rallying U.S. dollar, capital outflows from emerging markets, and worries about the country's demonetisation drive.Despite repeated interventions by the central bank to slow the slide, the rupee breached its previous low of 68.85 to the dollar set in August 2013, when the country was mired in its worst currency crisis in more than two decades.The Reserve Bank of India ...

Markets - FXMM - Asia

Sri Lankan rupee steady as exporter dollar sales offset importer demand COLOMBO: The Sri Lankan rupee was steady on Thursday as dollar selling by exporters offset demand for the U.S. currency by importers who fear the economic policies of U.S. President-elect Donald Trump would lead to a rise in the dollar and interest rates.Dealers said foreign investors might pull out of emerging markets, including from Sri Lanka, if the U.S. Federal Reserve raises interest rates next month.Minutes from the Fed's Nov.1-2 meeting, released on Wednesday, showed ...