Markets - FXMM
Tuesday, 18 October 2011 11:36
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ISTANBUL: Turksih lira weakened to a historical low of 2.2261 against the euro/dollar basket on Tuesday due to high corporate dollar demand to meet imports, and after the central bank's low forex auction volume of $70 million on Monday.
The lira traded at 2.2117 at 1530 GMT on Monday. The lira weakened to 1.8695 per dollar from Monday's close at 1.8520.
Copyright Reuters, 2011
SINGAPORE: The euro rose on Tuesday but remained below the previous day's one-month high, having taken a hit after Germany tempered hopes that European leaders would soon come up with a quick, comprehensive solution to the euro zone's debt crisis.
The euro regained some ground after a 1 percent drop the previous day, with market positioning and some technical signals suggesting that its recent short-covering rally may be running out of steam.
German Finance Minister Wolfgang Schaeuble ...
WELLINGTON/SYDNEY: The Australian and New Zealand dollars nursed losses on Tuesday, having suffered steep declines overnight as optimism dimmed on the euro zone after Germany's finance minister warned against hopes for a quick fix to Europe's debt problem.
The Aussie, which dropped more than two full cents to a low of $1.0148 overnight, last traded at $1.0200 . On Monday, it hit a high around $1.0372, up some 10 percent from a one-year trough of $0.9388 ...
NEW YORK: The dollar fell to a session low against the yen on Monday as investors continued to shun risk after the German Finance Minister said the upcoming EU summit would not definitively solve the region's debt crisis.
The dollar was last down 0.7 percent at 76.668 yen on electronic trading platform EBS after going as low as 76.60 yen. It was the largest one-day percentage drop since Aug. 26 at current prices, according to EBS ...
LONDON: The euro hit a one-month high against the dollar on Monday after a G20 summit left hopes intact the EU would decisively address the region's debt crisis this week, with traders seeing scope for further gains on short-covering.
Some investors were wary of selling the single currency in case of a positive outcome from an European Union summit on Oct. 23. Traders said this possibility could support the euro, though it was expected to face ...
MUMBAI: The Indian rupee nudged higher on Monday comforted by a strong euro, although volatility in domestic equities and dollar demand from local oil refiners limited the gains.
At 10:44 a.m. (0514 GMT), the partially convertible rupee was 48.87/88 per dollar, 0.3 percent stronger from Friday 49.0175/0275 close, and traders expect a likely session range of 48.80 to 49.00 in the day.
"A strong euro is helping the rupee, but momentum in stocks is a bit wobbly ...More Articles...
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