06262016Sun
Last update: Sun, 26 Jun 2016 07am

Markets - FXMM

Markets - FXMM - Asia

Pound rallies on bets Britain votes to stay in EU TOKYO: The pound rallied against the dollar and yen in Asia Wednesday as bookmakers bet heavily that Britain will vote to stay in the European Union, despite opinion polls pointing to a neck-and-neck race.The uptick comes after European Commission President Jean-Claude Juncker and US Federal Reserve boss Janet Yellen on Tuesday warned that a British exit could hammer world markets. Juncker said leaving would be "an act of self-harm" that would endanger everything Europeans had worked together to achieve.Later Yellen, speaking to US lawmakers, warned of the dangers of an out vote, saying it would likely send shockwaves through already fragile global markets. European Central Bank chief Mario Draghi said it was preparing for "all possible contingencies".The pound advanced to $1.4687 in Asia Wednesday, from $1.4628 in New York, where it hit a five-month high of $1.4783.Sterling has climbed nearly two percent against its major peers in the past week ...


Markets - FXMM - Europe

Sterling near 2016 highs on expectations Britain will stay in EU LONDON: Sterling climbed to its highest since early January against the dollar on Tuesday, after opinion polls suggested the campaign to keep Britain in the European Union was edging back into the lead.Two opinion polls on Monday indicated the "Remain" camp has regained some ground before Britain holds its June 23 referendum on whether to remain a member of the EU. However, a third poll found the "Leave" campaign ahead by a whisker.The implied probability ...

Markets - FXMM - Middle East & Africa

Nigeria's naira extends losses after currency peg removed LAGOS: Nigeria's naira weakened against the dollar for a second day on Tuesday after the central bank removed its currency peg in an effort to alleviate chronic foreign currency shortages choking growth.The naira traded 1.1 percent weaker at 285 to the dollar at 1000 GMT, with $9 million traded. It had slumped 30 percent on Monday.The central bank caved into pressure to effectively devalue the naira in the wake of falling prices for oil, the ...

Markets - FXMM - Europe

Sterling surges to 5-1/2-month high as Brexit fears ebb LONDON: Sterling hit its highest level against the dollar since the start of the year on Tuesday, having posted its biggest one-day rise since 2008 in the previous session, as worries that Britain could vote to leave the European Union on Thursday ebbed.Two opinion polls on Monday suggested that the "Remain" camp had recovered some ground ahead of Thursday's referendum on EU membership, following the murder of a pro-EU lawmaker.And though a third poll put ...

Markets - FXMM - Asia

China's yuan firms again, 6.6 to the dollar seen as medium-term support SHANGHAI: China's yuan, which strengthened against the dollar the past two sessions, early on Tuesday again edged up against the greenback, which held near three-week lows against the pound.Spot yuan opened at 6.5763 per dollar and was changing hands at 6.5748 at midday, 0.1 percent stronger than Monday's close.In China, like elsewhere, traders were waiting to see what Fed Chair Janet Yellen would say in congressional testimony later on Tuesday and to Britain's referendum on ...

Markets - FXMM - Asia

Asia FX up on hopes Britain will vote to stay in EU SINGAPORE: Most emerging Asian currencies pulled ahead on Tuesday amid growing expectations that Britons may vote to remain in the European Union in this week's referendum, while trading was subdued on sustained risks of an exit.China's yuan edged up on the dollar's broad weakness and as the central bank set its daily guidance rate firmer.The South Korean won rose to a near two-week high on exporters' demand for settlements. The Malaysian ringgit advanced, tracking higher ...

Markets - FXMM - Australia

Chirpy Aussie dollar flirts with 75 cents, kiwi muted SYDNEY/WELLINGTON: The Australian dollar flirted with a two-week high near 75 U.S. cents on Tuesday, after the country's central bank gave no clear hint that it would ease policy again.This combined with diminishing anxiety that Britain will leave the European Union saw the Aussie climb as far as $0.7488 , a high last seen on June 9. It has since stepped back to $0.7468, up 0.2 percent on the day.Minutes of the Reserve Bank of ...