05262016Thu
Last update: Thu, 26 May 2016 09am

Markets - FXMM

Markets - FXMM - Americas

Latam currencies, stocks down as Fed rate hike looms SAO PAULO: Latin American stocks and currencies fell on Thursday after US Federal Reserve policy minutes revived bets on an interest rate increase as soon as next month.The minutes of the US central bank's April meeting showed officials believed a June hike would be warranted if data suggests faster growth, rising inflation and solid employment.Higher US interest rates would in turn raise borrowing costs in emerging markets.Weakness in commodities including iron ore also weighed on demand for assets from exporters of basic products. Crude prices fell below $48 per barrel, pressured by an unexpected build in US stocks.Shares of Brazilian oil company Petr?leo Brasileiro SA slipped 0.6 percent, weighing on the country's benchmark Bovespa stock index.The Mexican peso touched a three-month low, triggering speculation that the central bank could act to buffer the slump through spot dollar sales or by increasing interest rates.The bank resorted to both measures at an ...


Markets - FXMM - Middle East & Africa

South Africa's rand steady after central bank holds rates; stocks weaker JOHANNESBURG: South Africa's rand retreated on Thursday after the central bank kept interest rates on hold, while stocks fell as the prices of commodities such as gold, silver and platinum slid on bets of a US rate hike. At 1620 GMT the rand was about flat at 0.09 percent to 15.8850 per dollar, nearer the 16.00 psychological level it last hit on March 16 as the dollar gained. The currency was volatile, turning weaker after ...

Markets - FXMM - Americas

Dollar up slightly vs euro, franc after mixed Fed messages NEW YORK: The US dollar rose slightly against the euro and Swiss franc on Thursday after the president of the New York Federal Reserve said the central bank was on track for a rate hike in June or July, but the greenback slipped against the safe-haven yen on risk aversion.The euro was last down 0.11 percent against the dollar at $1.1204 after the comment from William Dudley, who also said there was a strong sense ...

Markets - FXMM - Europe

Dollar pauses after surge to 3-week high LONDON: The dollar steadied just off its highest since March in European trade on Thursday after a perceived increase in chances of a rise in U.S. interest rates by September drove its biggest daily gain in five weeks.Stronger data, rhetoric from the Federal Reserve and a resulting shift on money markets has revived expectations among hedge funds of a new rally for the U.S. currency, which came within sight of parity with the euro a ...

Markets - FXMM - Europe

Sterling hits 3 1/2-month high on strong retail sales data LONDON: Sterling soared to a 3 1/2-month high against the euro and 10-year gilt yields climbed to their highest in two weeks on Thursday, after data showed retail sales in Britain rose faster than expected in April.Retail sales increased 1.3 percent in April from a month ago, beating forecasts of a 0.5 percent rise, and gaining 4.3 percent on an annual basis. The data may reduce the chances of a rate cut that some in ...

Markets - FXMM - Europe

Dollar pauses after surge to seven-week high LONDON: The dollar steadied at its highest levels since March on Thursday after a perceived increase in chances of a rise in U.S. interest rates by September drove its biggest daily gain against the euro in five weeks.Stronger data, rhetoric from the Federal Reserve and a resulting shift on money markets has revived expectations among hedge funds of a new rally for the U.S. currency, which came within sight of parity with the euro a ...

Markets - FXMM - Middle East & Africa

Tanzania, Uganda shillings to ease, Zambia kwacha to firm  NAIROBI: The Tanzanian and Ugandan shillings are expected to weaken in the week to Thursday, while the Zambian kwacha is expected to gain, traders said.KENYAKenya's shilling is expected to hold steady, with dollar demand from importers and manufacturing companies expected to be countered by prospects of the central bank selling the US currency.At 1201 GMT, commercial banks quoted the shilling at 100.65/75 to the dollar, compared with last Thursday's close of 100.45/65.UGANDAThe Ugandan shilling is ...