Just in:  

You are here: Home»Markets»FXMM

Markets - FXMM


Ugandan shilling firms on wave of interbank dollar selling KAMPALA: The Ugandan shilling rallied in volatile trading on Wednesday, strengthened by a dollar sell-off by commercial banks.At 0951 GMT commercial banks quoted the shilling at 3,350/3,360, up from Tuesday's closing of 3,400/3,410. The shilling has lost 17.6 percent against the dollar this year."There's speculation in interbank that is fuelling significant selling of dollars in the interbank," said Shahzad Kamaluddin, trader at Crane Bank.Traders, Kamaluddin said, were speculating that the appetite for hard currencies from corporates in sectors like energy, manufacturing and telecoms was not likely to return until the dollar reached levels of around 3,330.Importer demand for dollars has been weak this week with some traders pointing to mid-month taxes that sucked up shillings that would otherwise be used to fund dollar positions.The shilling's firmer tone was seen to be reinforced by still tight liquidity conditions, despite Tuesday's central bank injection of 40 billion shillings ($11.90 million) via a ...

Sri Lankan rupee edges up from record closing low on bank dollar sales COLOMBO: The Sri Lankan rupee edged up on Wednesday, recovering from a record closing low in the previous session as dollar selling by two private banks helped outpace importer demand for the greenback, dealers said.Two private banks sold dollars in a range of 142.25 to 142.30, which is seen as the central bank's desired level, they said.The rupee ended at 142.25/30 per dollar. On Tuesday, the currency hit an all-time low of 142.50 per dollar ...

South Africa's rand on the backfoot, stocks slip JOHANNESBURG: South Africa's rand fell against the dollar on Wednesday amid investor uncertainty over whether the central bank will raise interest rates this week.Stocks opened 0.13 percent lower at 46,687 points on South Africa's blue-chip Top-40 index.At 0730 GMT the rand had slipped 0.19 percent to 14.3000 per dollar, surrendering the gains of the previous session as the greenback climbed to a seven-month high.U.S. interest rates are expected rise before year-end.Government bonds were flat, with ...

Rouble extends rally on expectations of East-West thaw MOSCOW: The Russian rouble continued to rally for a third day on Wednesday, helped by firmer oil prices and expectations Russia may benefit from a thaw in East-West relations after recent attacks by Islamic State militants.At 0815 GMT, the rouble was 0.8 percent stronger against the dollar at 64.65 and had gained 0.6 percent to 68.90 versus the euro.Russian assets have been strengthening this week even though the price of oil, normally the most important ...

Kenya's shilling barely changed after central bank holds rates steady  ADDIS ABABA: Kenya's shilling inched a tad lower on Wednesday, a day after the central bank kept its benchmark lending rate unchanged, traders said.By 0715 GMT, the shilling was quoted at 102.20/30 to the dollar, compared to Tuesday's close of 102.10/30."It is flat - the same as the past few days," said one Nairobi-based trader.A second trader said the local currency was expected to remain steady over the next few days.Kenya's central bank held its ...

Dollar slips after solid gains, investors await Fed minutes LONDON: The dollar slipped from a seven-month high against a basket of currencies on Wednesday as markets awaited minutes of the Federal Reserve's recent policy meeting which could reinforce expectations of a rate hike next month.But there was a degree of wariness building in the long dollar trade, amid expectations that the Fed could flag concerns about the currency's recent strength.The dollar index has risen 6.3 percent in the past month as odds for an ...

Sterling gains after Broadbent plays down BoE forecasts LONDON: Sterling jumped almost half a cent against the dollar to its strongest levels this week on Wednesday after Bank of England Deputy Governor Ben Broadbent said markets should focus more on broader indicators of economic growth than the bank's recent subdued inflation forecasts.In a speech at a Reuters newsmaker event, Broadbent warned investors to not to "focus obsessively" on the inflation forecasts, whose publishing earlier this month drove back expectations of when the bank ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
Arrow Sensex 25,775.74 0.17

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln