10012016Sat
Last update: Sat, 01 Oct 2016 08pm

Markets - FXMM

Markets - FXMM - Australia

Dollar slips with yields, oil still dropping SYDNEY: The US dollar took a dip on Monday as Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, though turnover was light with Tokyo on holiday. Share markets were mixed following a soft finish on Wall Street though sentiment was supported by speculation the Federal Reserve would be patient in tightening policy given the weakness of wages apparent in the jobs numbers.Wages fell by the most since the series began in 2006 even as payrolls increased by a brisk 252,000.Treasury yields fell sharply on the news as the market pushed out the likely timing of the first rate hike, which in turn undercut the dollar.The greenback dipped as far as 118.12 yen first thing on Monday, reaching a low last seen on Jan. 6, before steadying at 118.30. The euro edged up to $1.1865 and away from last week's nine-year trough of ...


Markets - FXMM - Australia

Australian & NZ dollars regain poise as euro, pound pressured SYDNEY/WELLINGTON: The Australian and New Zealand dollars regained further ground on Monday courtesy of a broadly weaker US counterpart and expectations the European Central Bank will soon be forced to take bold stimulus measures. The Australian dollar climbed to $0.8231, building on gains made late last week when investors sold the US dollar across the board on the back of the fall in US wages even as payrolls increased by a brisk 252,000. The Aussie ...

Markets - FXMM - Asia

Dollar down in Asian trade SINGAPORE: The dollar fell in Asia Monday after a report revealed a decline in US wages that could dampen consumer spending and delay an interest rate increase.The euro was at $1.1857 in Singapore trade, up from $1.1842 in New York late Friday, while it was also at 140.28 yen from 140.29 yen. The dollar dipped to 118.32 yen from 118.46 yen.Japanese financial markets were closed for a public holiday.The US government on Friday reported that ...

Markets - FXMM - Americas

US, Canada jobs data drag C$ to 5-1/2 lows TORONTO: The Canadian dollar stumbled to its weakest level in more than 5-1/2 years following North American jobs data that showed a weaker-than-expected labor market in Canada and sturdy gains in the United States, further evidence that the Federal Reserve is likely to raise interest rates this year.Canada shed 4,300 positions in December after losing 10,700 jobs in November. Market forecasters had estimated an increase of 15,000 jobs. The overall unemployment rate held at 6.6 ...

Markets - FXMM - Americas

Dollar cuts losses on improving US jobs data NEW YORK: The dollar cut its losses on Friday after better-than-expected U.S. jobs data for December left intact the case for the Federal Reserve to increase interest rates and give the greenback a further investment yield advantage.Last month the U.S. economy created an additional 252,000 new non-farm jobs, the 11th straight month of payroll increases above 200,000, marking the longest stretch since 1994. Economists forecast a gain of 240,000 new jobs.The unemployment rate fell to ...

Markets - FXMM - Asia

Korean won leads gains as Asia awaits US jobs data SINGAPORE: Asian currencies further recouped losses on Friday, led by the South Korean won, even as the US dollar held firm against major currencies and expectations of a strong US jobs report pushed up regional stock markets.Steadier oil prices, which crept up a bit more from 5-1/2-year lows hit on Wednesday, also put a floor under the currencies of oil exporting countries such as Indonesia and Malaysia, as did the already heavy bullish dollar positioning ...

Markets - FXMM - Middle East & Africa

Central bank dollar sales offer some respite for Kenya shilling  NAIROBI: Kenya's shilling was slightly stronger in early trading on Friday after some pressure on the currency was lifted by dollar sales from the central bank in the previous sessions.By 0713 GMT, the shilling was trading at 90.95/91.15 to the dollar, compared with Thursday's close of 91.10/20."At this point the fortunes of the shilling are dependent on global factors. What weakened it sharply was the dollar rally globally," said Chris Muiga, senior trader at National ...