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Last update: Sun, 31 Jul 2016 01am

Markets - FXMM

Markets - FXMM - Europe

Russian rouble falls vs dollar, hurt by low oil price MOSCOW: Russia's rouble fell more than 6 percent against the dollar on Monday, dragged down by weaker oil prices in volatile holiday trade.At 1436 GMT, the rouble was 6.4 percent weaker at 59.59 roubles to the dollar and 3 percent weaker against the euro at 70.74.Oil prices, which have declined more than 50 percent from peaks in June last year, hit a 5 1/2-year low as doubts about global growth fanned fears of a supply glut.The Russian currency fell around 40 percent against the dollar last year, hurt by the falling oil price and by Western sanctions over Ukraine, which made it harder for Russian companies to borrow abroad and spurred demand for dollars.The dollar also firmed against other currencies, with the euro falling to a nine-year low against the U.S. currency as investors bet the European Central Bank would soon begin a programme of buying bonds, so-called quantitative easing.Russian ...


Markets - FXMM - Americas

Oil's drop, greenback rally pull C$ to 5-1/2 year lows TORONTO: The Canadian dollar extended its new year losses against the US dollar on Monday, retreating to new 5-1/2 year lows as oil prices sank further and the greenback's rally showed no sign of abetting.The US dollar surged broadly, spurred by expectations of monetary policy easing in the euro zone and by rising political concerns in Europe ahead of elections in Greece, which pushed the euro to its lowest level since early 2006.US crude prices ...

Markets - FXMM - Middle East & Africa

Kenyan shilling steady, eyes on central bank action NAIROBI: The Kenyan shilling was steady on Monday and traders said they were watching for any action the central bank takes during the session to see what direction the shilling would take.At 0735 GMT, commercial banks quoted the shilling at 90.75/85 to the dollar, the same as Friday's close."There is no demand in the market. The market has been thin, so the moves are not really because of demand or supply," Sheikh Mehran, head of ...

Markets - FXMM - Middle East & Africa

South Africa's rand dragged lower on bets on eurozone money printing JOHANNESBURG: South Africa's rand weakened to a two-and-a-half week low against the dollar early on Monday as investor bets on quantitative easing in the eurozone and weak global growth prospects strained sentiment toward emerging market assets.By 0625, the local unit had slipped 0.25 percent to 11.7400 per dollar, its weakest level since Dec 17 amid growing expectations the European Central Bank would print money.The eurozone is battling weak economic activity and consumer spending that has ...

Markets - FXMM - Europe

Russian rouble falls vs dollar, hurt by low oil price MOSCOW: Russia's rouble opened sharply lower against the dollar on Monday, dragged more than 4 percent down by weaker oil prices in volatile holiday trade.At 0742 GMT, the rouble was 4.5 percent weaker against the dollar at 58.51 roubles and 2.4 percent weaker against the euro at 70.29.Oil prices, which have declined more than 50 percent from peaks in June last year, hit a 5-1/2-year low as global growth concerns fanned fears of a supply ...

Markets - FXMM - Europe

Euro sinks below $1.20, lowest since 2006 LONDON: The euro dived below $1.20 to its lowest since early 2006 on Monday, the dollar starting 2015 as most banks believe it intends to go on this year - higher across the board.Euro zone inflation numbers trickle out in the first half of the week and are expected to underline the contrast in fortunes between the United States and most of the rest of the developed world that has sent the dollar soaring since ...

Markets - FXMM - Middle East & Africa

Ugandan shilling weakens due to importer dollar demand KAMPALA: The Ugandan shilling weakened sharply on Monday, trading below a key psychological level due to increased dollar demand from commercial banks and importers and traders said the outlook was bearish due to the stronger greenback.At 0817 GMT commercial banks quoted the shilling at 2,798/2,808, weaker than Friday's close of 2,780/2,790."Importers are exerting strong demand ... and because banks are anticipating a weaker unit they are also taking positions," said Ahmed Kalule, a trader at ...