01232017Mon
Last update: Mon, 23 Jan 2017 09pm

Markets - FXMM

Markets - FXMM - Asia

Sri Lankan rupee ends steady after early fall COLOMBO: The Sri Lankan rupee ended steady on Tuesday after earlier falling on thin importer dollar demand, dealers said, even as the market looked for cues after the central bank said currency depreciation was not necessarily negative for the economy. The central bank said in a note on Friday that "it is important to understand that depreciation of the rupee has not only negative implications, but also positive implications on the Sri Lankan economy". Rupee forwards were active, with one-week forwards closing at 149.70/150.00 after falling to 150.00/20 per dollar earlier in the session. It closed at 149.75/90 on Friday. The markets were closed for a special bank holiday on Monday in lieu of Christmas holiday on Sunday. "The market expects the rupee to be lower than 150 in the new year and depreciate gradually if the central bank allows greater flexibility," said a currency dealer asking not to be ...


Markets - FXMM - Europe

Dollar gains, sterling slides after Christmas LONDON: The dollar inched higher against the yen and a handful of other major currencies in holiday-thinned trade on Tuesday, with sterling by far the biggest faller as concerns over next year's Brexit negotiations continued to weigh heavily. Going into the final week of 2017, the trend remains towards a stronger US currency, although a 1 percent retreat for the greenback before Christmas suggested any attack on 120 yen and parity with the euro may ...

Markets - FXMM - Asia

Won hits 9-1/2 month low; rise in US bond yields dents Asia FX SINGAPORE: The South Korean won touched a nine-and-a-half-month low against the dollar on Tuesday, with most Asian currencies retreating as a rise in US bond yields helped bolster the greenback.The won led losses among Asian currencies with a drop of 0.4 percent on the day. It touched a low of 1,207.4 per dollar, the weakest level since March 11.The Taiwan dollar slipped to as low as 32.282 per US dollar, its lowest level since July ...

Markets - FXMM - Asia

Dollar edges up on bargain hunting after sagging over the holidays TOKYO: The dollar inched up against the yen and euro on Tuesday as some investors emerged out of the holiday lull to hunt for bargains as the market entered the last trading stretch of the year.The euro slipped 0.2 percent to $1.0435 after climbing overnight to $1.0469.The dollar was up 0.3 percent at 117.420 yen after slipping to a six-day low near 117.000 the previous day in reaction to slightly lower U.S. yields. The 10-year ...

Markets - FXMM - Asia

Dollar dips vs yen after US yields pull away from highs TOKYO: The dollar dipped against the yen on Monday, edging lower down after U.S. Treasury yields dipped on mixed economic data.Trading was subdued with many key markets shut on Monday for the Christmas holidays.The greenback was down 0.2 percent at 117.300 yen. The euro was steady at $1.0457.Currencies took stock of the U.S. debt market, which saw the benchmark 10-year note yield end lower on Friday.The yield pulled back from 27-month peaks scaled mid-month following ...

Markets - FXMM - Middle East & Africa

Iran rial hits fresh record low TEHRAN: Iran's currency plumbed new lows against the dollar on Sunday, continuing a six-month decline that has seen the rial lose some 17 percent of its value despite the lifting of sanctions.The rial was trading at 41,300 to the dollar, down from 34,600 in June -- widening the gap with the official government rate which remains fixed at 32,300. The decline has quickened since the US election of Donald Trump, who has threatened to tear ...

Markets - FXMM - Asia

Sri Lankan rupee ends firmer on dollar selling by state bank COLOMBO: The Sri Lankan rupee closed higher on Friday as dollar selling by a state-run bank helped the local currency gain in lacklustre trading ahead of a long weekend, amid little demand from importers for the US currency, dealers said. Rupee forwards were active, with one-week forwards closing at 149.75/90 per dollar, up from Thursday's close of 150.70/90. The spot rupee and spot-next were hardly traded. The central bank increased the spot reference by a ...