01172017Tue
Last update: Tue, 17 Jan 2017 10pm

Markets - FXMM

Markets - FXMM - Asia

China's yuan edges down, heads for first weekly loss in a month HONG KONG: China's yuan edged down against the dollar on Friday after the central bank set a weaker midpoint and is heading for its first weekly loss in a month.The People's Bank of China set the midpoint rate at 6.1397 per dollar prior to market open, lower than the previous fix at 6.1375.The spot yuan opened at 6.2150 per dollar and was changing hands at 6.2171 at midday, 47 pips weaker than the previous close and 1.26 percent below the midpoint. It traded within a tight 6.2190 and 6.2130 range in morning trade.The spot rate is currently allowed to trade with a range 2 percent above or below the official fixing on any given day.A sudden turnaround in the dollar's fortunes overnight saw the currency trading broadly higher early in Asia on Friday, underpinned by a set of encouraging data on Thursday and a rise in US Treasury yields.Analysts remain ...


Markets - FXMM - Asia

Yen retreats after weak Japan inflation data TOKYO: The yen slipped on Friday as weak Japanese inflation data stirred talk of fresh easing measures, bringing an end to a short rally that had been fuelled by fears over unrest in Yemen.In Tokyo the dollar rose to 119.29 yen from 119.18 yen in New York while the euro fetched 129.80 yen, against 129.71 yen.The common currency was also at $1.0882 against $1.0884.US traders on Thursday moved into the yen on news that jets ...

Markets - FXMM - Americas

C$ firms on higher oil, Bank of Canada speech TORONTO: The Canadian dollar strengthened against the greenback on Thursday after oil prices jumped on news that Saudi Arabia and its allies carried out air strikes in Yemen and after Bank of Canada Governor Stephen Poloz gave a speech that was less dovish than expected.Stock markets worldwide were knocked lower after the air strikes in Yemen fueled worries that Middle East energy shipments may be put at risk, although Wall Street later recovered.As the oil ...

Markets - FXMM - Asia

Sri Lankan rupee forwards rise on remittances COLOMBO: Sri Lankan rupee forwards edged up on Thursday, with one-week forwards rising for the first time in four weeks on dollar inflows from remittances, foreign bond buying and exporters sales, dealers said.Actively traded one-week forwards, which edged up for the first time since Feb. 27, ended 133.52/57 firmer from Wednesday's close of 133.60/75.Two-week rupee forwards ended steady at 133.70/75 per dollar compared with Wednesday's close."Dollar sales by banks for exporters and inward remittances strengthened ...

Markets - FXMM - Europe

Gulf worries drive yen, Swiss franc higher against dollar LONDON: The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected U.S. data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies.News that Saudi Arabia and its allies in the Middle East had launched air strikes against Iran-allied forces in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf, dampened risk ...

Markets - FXMM - Middle East & Africa

Kenyan shilling weakens on importer demand, stocks fall NAIROBI: Kenya's shilling weakened on Thursday, undermined by importer demand and the International Monetary Fund's view that the local currency was over valued.The main shares index fell on profit-taking.At close of trade, commercial banks quoted the shilling at 92.00/10 to the dollar, from Wednesday's close of 91.75/85.The IMF country representative told Reuters the shilling was over valued by about 5 to 10 percent to the dollar but demand for imports and other market pressures were ...

Markets - FXMM - Americas

C$ strengthens after Bank of Canada speech TORONTO: The Canadian dollar strengthened against its U.S counterpart on Thursday after a speech by Bank of Canada Governor Stephen Poloz in London was viewed by the market as less dovish than expected.In remarks that underscored the possibility the central bank will keep interest rates steady next month, Poloz said the bank's quarter-point rate cut in January has bought it time to examine the effects of cheaper oil on the economy of Canada, a major ...