09302016Fri
Last update: Fri, 30 Sep 2016 04am

Markets - FXMM

Markets - FXMM - Asia

Asia yield-hunting back on dovish Fed; won, rupiah near 2-week peaks SINGAPORE: Most emerging Asian currencies rallied on Thursday after the US Federal Reserve left interest rates on hold and slowed the pace of further hikes, encouraging investors to seek higher yields in the region.South Korea's won jumped to its strongest level in almost two weeks on stop-loss dollar selling. It gave up some of those gains as official intervention was suspected after a warning against further appreciation.The Indonesian rupiah also hit a near two-week high as local stocks and bonds rose with the central bank expected to cut interest rates later in the day.Malaysia's ringgit advanced to its strongest level in more than a week as higher crude prices eased concerns over the country's oil and gas revenue.The Fed on Wednesday suggested it could raise rates by year-end if the labour market improved further, but cut the number of rate increases expected in 2017 and 2018. It also reduced its ...


Markets - FXMM - Asia

Dollar slips to 4-week low vs yen after Fed, BOJ policy meetings SINGAPORE: The dollar stumbled to a near 4-week low against the yen on Thursday, after the U.S. Federal Reserve kept monetary policy steady and projected a less aggressive path for interest rates hikes in coming years.While the Fed strongly signalled that it could still tighten monetary policy by the end of the year, policy makers cut the number of rate increases they expect this year to one from two. They also forecast a less aggressive ...

Markets - FXMM - Asia

South Korean won, stocks finish at two-week highs on Fed decision SEOUL: The South Korean won and shares ended at their highest in two weeks on Thursday as the U.S. Federal Reserve's decision to keep interest rates unchanged showed that it would tighten its monetary policies at a slower pace.The won was quoted at 1,103.3 to the dollar at the conclusion of onshore trade, strongest since Sept. 9. It was up 1.5 percent compared with Wednesday's close of 1,120.1.The Korea Composite Stock Price Index (KOSPI) closed ...

Markets - FXMM - Americas

Dollar falls vs yen after BoJ shifts, Fed seen holding pat NEW YORK: The US dollar fell to a near one-month low against the yen on Wednesday after the Bank of Japan made a policy shift in its bid to stimulate the country's stagnating economy that included the addition of a long-term interest rate target. Investors took a skeptical stance on the BOJ's ability to generate inflation with other new measures such as scrapping its focus on a monetary base while also committing to reaching its ...

Markets - FXMM - Europe

North Sea Crude-Forties steady, Buzzard maintenance starts LONDON: Forties differentials were steady on Wednesday at a premium to benchmark dated Brent and Ekofisk differentials were bid higher, as tight supplies lend support. Supply of Forties is expected to be tighter than normal until mid-October. The Buzzard oilfield, the largest field contributing to Forties, has begun its month long maintenance shutdown around the Sept. 17 start date, a trade source said.Copyright Reuters, 2016

Markets - FXMM - Europe

Poland eyes euro and yuan-denominated bond issues next year WARSAW: Poland is likely to issue euro- and yuan-denominated bonds next year and will consider new markets only if they offer advantageous terms, Deputy Finance Minister Piotr Nowak. He said the ministry plans to hold three roadshows in the coming months - in Latin America in October, Middle East in November and in the United States in December.Nowak also said that Poland aims to lower the share of foreign debt in total debt to 30 ...

Markets - FXMM - Middle East & Africa

South Africa's rand firmer as market bets on low US rates; stocks down JOHANNESBURG: South Africa's rand firmed to its highest in four weeks against the dollar on Wednesday, helped by strong appetite for high yielding emerging market assets as investors anticipate low US interest rates low for longer this year. Stocks fell as heavily weighted rand hedges retreated on a stronger rand. At 1515 GMT, the rand traded at 13.7000 per dollar, 1.55 percent firmer from its New York close on Tuesday. The currency was at its ...