01222017Sun
Last update: Sun, 22 Jan 2017 03pm

Markets - FXMM

Markets - FXMM - Asia

Dollar eases in Asia after US inflation rally TOKYO: The dollar eased Friday after rallying on inflation data that pointed to rising price pressures in some areas of the US economy, which could ease the way for the Fed to hike interest rates.In Tokyo, the dollar weakened to 119.17 yen from 119.42 yen in New York, although it was still higher than 118.97 yen seen in Tokyo earlier Thursday.The euro rose to $1.1213, from $1.1198, but it slipped to 133.62 yen from 133.72 yen in US trade.While falling crude-oil prices continued to dampen overall US inflation, data from the US Labor Department on Thursday revealed growing pressures in a number of areas, including shelter and personal care."The sharp recovery in the US dollar during last night's offshore trade was primarily the result of US inflation data," National Australia Bank said in a commentary.Deutsche Bank strategist Daniel Brehon said the tepid data could still spur hopes for a rate ...


Markets - FXMM - Asia

China's yuan falls to 2-year low, raising spectre of devaluation HONG KONG: China's yuan fell to its lowest level against the dollar in more than two years on Friday, raising questions about whether the world's second-largest economy will devalue its currency to avert a sharper economic slowdown.Central banks around the world are easing policy to support growth and prevent deflationary pressures from building up. With fears of a global currency war rising, all eyes in Asia are focused on what China will do as it ...

Markets - FXMM - Asia

Dollar eases in Asia after US inflation rally TOKYO: The dollar eased Friday after rallying on inflation data that pointed to rising price pressures in some areas of the US economy, which could ease the way for the Fed to hike interest rates.In Tokyo, the dollar weakened to 119.27 yen from 119.42 yen in New York, although it was still higher than 118.97 yen seen in Tokyo earlier Thursday.The euro rose to $1.1206, from $1.1198, but it slipped to 133.65 yen from 133.72 ...

Markets - FXMM - Americas

Dollar rises as US core inflation climbs NEW YORK: The dollar firmed against other major currencies Thursday as US inflation data pointed to rising pressures that could ease the way for the Federal Reserve to up interest rates.While falling crude-oil prices continued to dampen overall US inflation, data from the Labor Department revealed building pressures in a number of areas, including shelter and personal care."Some analysts are going to use these data to warn about 'deflation' and say the Federal Reserve should ...

Markets - FXMM - Americas

C$ weakens as central bank policy direction sets tone TORONTO: The Canadian dollar softened against its US counterpart on Thursday as weaker crude oil prices weighed and investor attention focused on the monetary policy directions of the US and Canadian central banks.A slew of US data including inflation data and stronger-than-expected durable goods orders in January also helped strengthen the greenback against a basket of currencies , offsetting Canadian inflation figures that topped forecasts.The US data, along with comments from Fed officials on Thursday, ...

Markets - FXMM - Americas

Dollar reaches 1-month high on US data, Fed officials' remarks NEW YORK: The dollar rose to a one-month high against a basket of currencies on Thursday as data on U.S. inflation and business orders revived confidence in the world's biggest economy and supported bets the Federal Reserve will raise interest rates in the middle of the year.The greenback also received support from San Francisco President John Williams and St. Louis Federal Reserve chief James Bullard, with both making remarks that suggested the U.S. central bank ...

Markets - FXMM - Middle East & Africa

Rand reverses gains, tracks weaker euro JOHANNESBURG: South Africa's rand weakened against the dollar in line with the euro on Thursday, relinquishing earlier gains which had been triggered by the government's plan to narrow the budget deficit.At 1523 GMT the local unit was trading down 0.75 percent at 11.5325 per dollar, compared with Wednesday's close of 11.4460."We had a lovely start to the day - the markets perceived the budget as friendly; there was a general risk-on type of thing and ...