08292016Mon
Last update: Mon, 29 Aug 2016 01pm

Markets - FXMM

Markets - FXMM - Europe

Rouble stable as lower oil prices offset weaker dollar MOSCOW: The rouble opened little changed against the broadly weaker dollar on Tuesday, fighting off downward pressure from lower oil prices. At 0720 GMT, the rouble was 0.1 percent stronger against the dollar at 64.69 and had lost 0.1 percent to trade at 73.42 versus the euro.Analysts point out that the rouble responds quicker to a fall in crude prices rather than growth and they expect it to weaken later on Tuesday, possibly crossing 65 roubles per dollar."Today, there will be a fight to break through this (65 roubles) level," Anastasia Semyonova, an analyst at OBR Forex investment house in Moscow, wrote in a note."And if that happens, the road will open towards the next support level of 65.20 roubles (per dollar)."Brent crude, a global benchmark for Russia's oil, was down 0.4 percent at $49.00 a barrel.The rouble will be getting some support this week from the beginning of a ...


Markets - FXMM - Europe

Sterling jumps above $1.32 as speculators cut unfavourable bets LONDON: Sterling hit a three-week high against the dollar on Tuesday, rising above $1.32 as speculators cut bets against it after data suggested Britain's economy was holding up surprisingly well in the aftermath of the Brexit vote. Data released by the Commodity Futures Trading Commission on Friday showed positioning is stretched, with sterling net short positions soaring to a record high of 94,238 contracts in the week to Aug. 16. Traders said some speculators were ...

Markets - FXMM - Asia

Dollar slips as market discounts US rate hike TOKYO: The dollar broadly weakened Tuesday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about US monetary policy.The greenback has been see-sawing as divergent views from Fed officials keep markets guessing about the timing of a possible rate hike by the US central bank.On Monday, the dollar rallied in response to hawkish remarks from the bank's vice chairman, who said the Fed was close to ...

Markets - FXMM - Americas

C$ weakens to one-week low as oil tumbles TORONTO: The Canadian dollar weakened to a one-week low against its US counterpart on Monday as lower oil prices offset solid domestic data, but losses were restrained as investor attention turned to a speech by Federal Reserve Chair Janet Yellen on Friday.Hesitation ahead of Yellen's speech capped gains for the US dollar against a basket of major currencies a day after a top Federal Reserve official made comments perceived as hawkish."I think it's going to ...

Markets - FXMM - Middle East & Africa

Nigeria's naira gains 0.8pc after central bank dollar sales LAGOS: Nigeria's naira closed firmer on the interbank market on Monday after the central bank sold dollars to some commercial lenders towards the end of a session that featured no trades in the first four hours, traders said. The naira closed at 305.50 to the dollar, 0.81 percent firmer than its Friday close. Traders said the central bank selectively sold dollars to commercial lenders just before the market close. "The central bank came to the ...

Markets - FXMM - Americas

C$ weakens to one-week low as oil falls TORONTO: The Canadian dollar weakened to a one-week low against its US counterpart on Monday as comments by a Federal Reserve official supported the greenback and oil prices fell, offsetting stronger-than expected domestic data.Canadian wholesale trade increased by 0.7 percent in June from May, the third consecutive monthly gain, Statistics Canada said. Analysts surveyed by Reuters had forecast a 0.1 percent increase.The US dollar firmed against a basket of major currencies after an upbeat assessment ...

Markets - FXMM - Americas

Dollar rises on comments from Fed's Fischer viewed as hawkish NEW YORK: The US dollar edged higher against a basket of major currencies on Monday, a day after a top Federal Reserve official made comments perceived as hawkish, while hesitation ahead of a speech from the Fed chair on Friday capped the greenback's gains.Fed Vice Chairman Stanley Fischer said on Sunday that he thought the central bank was close to achieving its employment and inflation targets.While the Fed's No. 2 policymaker did not address when ...