08242016Wed
Last update: Wed, 24 Aug 2016 09pm

Markets - FXMM

Markets - FXMM - Americas

Dollar weaken further on ambivalent Fed stance NEW YORK: The dollar again weakened against the euro, the yen and the British pound on Thursday as markets continued to absorb ambivalent signals from the US central bank.Towards 2100 GMT, the euro was at $1.1354, up from $1.1287, levels not seen since the fears created by Britain's June vote to exit the European Union. The dollar sank below the 100 yen mark, falling to 99.94 yen from 100.28. The pound was at $1.3170, up from $1.3038.The US Federal Reserve on Wednesday released minutes from its July 26-27 meeting in which members said they wanted to keep "options open" but remained divided on the need for interest rate increases in the near-term.The remarks did not give any new and unambiguous sign of which way policy might head."It's really mostly dollar selling [after] yesterday's FOMC minutes release, which was much less hawkish than the market thought it would be," said Boris ...


Markets - FXMM - Europe

Sterling reaches two-week high as UK consumers ignore Brexit LONDON: Sterling jumped a full cent to a two-week high against the dollar on Thursday after UK retail sales for July beat forecasts, apparently unaffected by Britain's vote to leave the European Union.The retail sales report was the first to cover a full month following the Brexit vote in late June, showing retail spending rose 5.9 percent for the year and 1.4 percent for the month, compared with forecasts of 4.2 percent and 0.2 percent.That ...

Markets - FXMM - Americas

Latam currencies mostly firm after Fed minutes SAO PAULO: Most Latin American currencies strengthened on Thursday as higher oil prices and division in the Federal Reserve over whether to raise interest rates soon offset bullish comments by a US policymaker.The minutes of the US central bank's last policy meeting released on Wednesday showed that policymakers agree that more economic data is needed before tightening monetary policy.Many traders had expected a more direct sign that the Fed intended to increase rates later this ...

Markets - FXMM - Middle East & Africa

South Africa's rand gains as U.S rate hike worries fade, stocks up on financials JOHANNESBURG: South Africa's rand edged firmer on Thursday along with fellow emerging currencies as risk assets regained favour after minutes from the United States central bank dampened bets of an interest rate hike this year.Stocks were lifted by financials with Standard Bank at the head after reporting better than expected results.By 1600 GMT the rand was 0.2 percent firmer at 13.3455 per dollar, compared with the close at 13.3700 overnight in New York.A lack of ...

Markets - FXMM - Americas

C$ strengthens with oil as Fed minutes weigh on greenback TORONTO: The commodity-linked Canadian dollar strengthened against its US counterpart on Thursday as oil rose and minutes from the Federal Reserve's July meeting weighed on the greenback. US crude prices were up 1.11 percent at $47.31 a barrel as the world's biggest producer prepared to discuss a possible freeze in output levels. The US dollar fell against a basket of major currencies after Fed minutes, released on Wednesday, showed a bias among policymakers against raising ...

Markets - FXMM - Americas

Dollar hovers near 8-week lows vs euro, Swiss franc after Fed minutes NEW YORK: The US dollar hovered near its lowest against the euro and Swiss franc in nearly eight weeks on Thursday, a day after minutes from the Federal Reserve's July meeting showed a bias among policymakers against raising interest rates soon.The minutes showed members of the rate-setting Federal Open Market Committee were generally upbeat about the US economic outlook. Several Fed policymakers, however, said a slowdown in the future pace of hiring would argue against ...

Markets - FXMM - Europe

Dollar at 7-week low as Fed minutes show little support for rate rise LONDON: The dollar fell to a seven-week low against a basket of major currencies on Thursday, after minutes from the Federal Reserve's July meeting showed a bias among policymakers against raising interest rates soon.The minutes, released on Wednesday, showed members of the rate-setting Federal Open Market Committee were generally upbeat about the U.S. economic outlook.But policymakers believing a slowdown in the future pace of hiring would argue against a near-term hike outnumbered those who anticipated ...