04292016Fri
Last update: Fri, 29 Apr 2016 01pm

Markets - FXMM

Markets - FXMM - Europe

Sterling near 6-week highs vs euro as odds move against Brexit LONDON: Sterling traded near a six-week high against the euro on Monday, buoyed by growing expectations that Britons would vote to stay in the European Union after US President Barack Obama waded into the debate. Sterling rose 0.1 percent against the dollar to $1.4413 and hit a six-week high against the euro of 77.52 pence per euro in early Asian trade.Last week, the pound posted its best week against the single currency since early March as odds swung in favour of the campaign to stay in the European Union. From around 37 percent early last week, the chances of Britain voting to leave the EU in the June 23 referendum fell to around 25 percent, according to the Betfair betting exchange.Bookmaker Ladbrokes also reported a shift in betting towards the "Remain" campaign and number of opinion polls indicated that those in favour of staying in the Union were gaining an ...


Markets - FXMM - Europe

Rouble retreats with oil MOSCOW: The Russian rouble fell back on Monday, retreating with the oil price which failed to hold above $45 per barrel after rallying last week. At 0745 GMT, the rouble was 0.4 percent weaker against the dollar at 66.74 and had lost 0.5 percent to 75.08 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 0.9 percent at $44.7 a barrel, as traders cashed in on last week's rally.The rouble ...

Markets - FXMM - Middle East & Africa

Kenyan shilling holds steady, dividend payments eyed NAIROBI: The Kenyan shilling was unchanged against the dollar on Monday as traders turned their attention to dividend payments by local firms, to their shareholders abroad, to determine potential demand for dollars.At 0916 GMT, commercial banks posted the shilling at 101.15/25 per dollar. Local firms, especially banks with significant foreign shareholding, close their books from this week, meaning they will be buying dollars for dividends.Copyright Reuters, 2016

Markets - FXMM - Asia

Yen rebounds as focus turns to Bank of Japan meeting TOKYO: The yen rebounded Monday, with analysts saying last week's dive on a report that the Bank of Japan was considering new stimulus was overdone.The Japanese unit sank Friday in reaction to a Bloomberg News story that said the central bank may take steps to support major financial institutions hit by its negative-rate policy.On Monday, the greenback eased to 111.29 yen from 111.80 yen in New York late Friday. It had been around 109.31 yen ...

Markets - FXMM - Americas

Dollar rallies against yen on potential for expanded BOJ stimulus NEW YORK: The U.S. dollar rose to its highest level against the yen in three weeks on Friday after a report said the Bank of Japan is considering expanding its negative rate policy to bank loans and could cut rates further.The BOJ could consider the new step if policymakers decide to lower the negative 0.1 percent interest rate applied to some bank reserves parked with the central bank, Bloomberg reported.The dollar rose more than 2 ...

Markets - FXMM - Europe

Sterling heads for strongest week since March 4 LONDON: Sterling was set to rack up its best week since early March on Friday, helped by a handful of polls that have showed solid support for Britain to remain in the EU in June's referendum as US President Barack Obama also weighed into the debate. A poor batch of UK retail sales numbers had put some pressure on the pound on Thursday, pointing again to a weakening of economic activity as firms and consumers ...

Markets - FXMM - Europe

Yen sinks on potential for Bank of Japan stimulus expansion LONDON: The yen skidded by more than 1 percent to a 2-1/2-week low against the dollar on Friday after a report said that the Bank of Japan is considering expanding its negative rate policy to bank loans and could cut rates further. The BoJ could consider the new step if policymakers decide to lower the negative 0.1 percent interest rate applied to some bank reserves parked with the central bank, Bloomberg reported on its website. ...