07302016Sat
Last update: Sat, 30 Jul 2016 06am

Markets - FXMM

Markets - FXMM - Asia

South Korean won ends slightly firmer, stocks soften SEOUL: The South Korean won ended slightly firmer on Friday and stocks ticked lower, as the market took a cautious stance ahead of central bank meetings in the United States and Japan. The won was quoted at 1,134.4 to the dollar at the conclusion of onshore trade, up 0.1 percent compared with Thursday's close of 1,135.9.The Korea Composite Stock Price Index (KOSPI) closed down 0.1 percent at 2,010.34 points.On a weekly basis, the currency barely changed compared with the previous week, while shares lost 0.2 percent.Foreign investors turned to buyers later in the day, with their purchasing spree stretching into a 12th day. They purchased a net 15.1 billion won ($13.31 million) worth of KOSPI shares on Friday.Copyright Reuters, 2016


Markets - FXMM - Asia

Sri Lankan rupee gains on dollar selling by state bank; stocks up COLOMBO: The Sri Lankan rupee rose on Friday as dollar selling by a state-run bank surpassed mild importer demand for the greenback. One-week rupee forwards, which have been acting as a proxy for the spot rupee, were at 145.80/146.00 per dollar at 0544 GMT, compared with Thursday's close of 146.30/40."I don't see huge demand, buyers are staying away as a state banks is selling (dollars)," said a currency dealer, asking not to be named.Central bank ...

Markets - FXMM - Asia

Yen edges down after 'helicopter money' rally TOKYO: The yen edged lower Friday after a rally in New York sparked by Japan's central bank chief dashing hopes for so-called 'helicopter money' stimulus.The Japanese unit soared Thursday after the BBC aired a month-old interview with Bank of Japan governor Haruhiko Kuroda in which he said there was "no need and no possibility" for such a package to boost the economy.The strategy of helicopter money sees the bank funnel cash directly into the economy, ...

Markets - FXMM - Middle East & Africa

South Africa's rand firms after rates decision, stocks flat JOHANNESBURG: South Africa's rand firmed to its strongest in nearly three months against the dollar on Thursday, boosted by a search for higher yield after the central bank left its repo rate unchanged and analysts ruled out any imminent policy easing.Stocks were largely flat even though the resources sector recovered after a dip in the previous session on weak production results.South Africa's Reserve Bank kept its benchmark repo rate unchanged at 7 percent, as expected, ...

Markets - FXMM - Middle East & Africa

Nigerian naira weakens to 330.50 in off-market trades LAGOS: Nigeria's naira fell to an all-time low on Thursday, crossing 300 to the dollar for the first time on the interbank market after the central bank last month lifted its peg on the currency to allow it to trade freely.The naira fell 5.4 percent against the greenback to 309 at 1224 GMT on dollar supply shortages. It later recovered to close at 292.40 on the interbank market on thin trades. The interbank market traded ...

Markets - FXMM - Americas

C$ edges higher as firm domestic data offsets lower oil prices TORONTO: The Canadian dollar edged higher against its US counterpart on Thursday as stronger-than-expected domestic wholesale trade offset lower oil prices.The value of Canadian wholesale trade surged by 1.8 percent in May from April, led by the motor vehicle and auto parts subsector, Statistics Canada said. In volume terms sales rose by 1.5 percent.The US dollar pared some recent gains against a basket of major currencies as Bank of Japan chief Haruhiko Kuroda said the ...

Markets - FXMM - Europe

Sterling weaker after disappointing UK retail sales data LONDON: Sterling fell against the dollar and the euro on Thursday after data showed the biggest monthly decline in British retail sales for six months in June, keeping alive expectations that the Bank of England will ease policy as early as next month.Sales volumes fell 0.9 percent, more than the forecast 0.6 percent, after rising by an above-average 0.9 percent in May. Compared with a year earlier, sales growth slowed to 4.3 percent from 5.7 ...