01222017Sun
Last update: Sun, 22 Jan 2017 03pm

Markets - FXMM

Markets - FXMM - Middle East & Africa

South African rand edges higher in thin trade, stocks slide JOHANNESBURG: South Africa's rand traded firmer on Wednesday, tracking a stronger euro in low volume trade and as investors closed positions ahead of year-end. Stocks inched lower as the anticipation of faster than expected rate hikes in the United States following last week's increase continued to weigh. At 1500 GMT the rand traded 0.3 percent firmer to 13.9525 per dollar, adding to the previous session's gains to move closer to short term resistance level at 13.90 that could see the rally continue. Traders and analysts have however cautioned that thin volumes in the final trading days of 2016 might exaggerate the currency's moves. The rand, along with other emerging market currencies, also benefited from a weaker dollar as investors cashed-in profits on the rally that has seen the greenback rack up 4.5 percent in the 1-1/2 months since Donald Trump clinched a presidential poll. Bonds barely budged from the previous ...


Markets - FXMM - Europe

Dollar retreats from 14 year high, Swedish crown has best day in 6 months LONDON: The dollar took a breather on Wednesday after reaching a 14-year high the previous day, while the Swedish crown chalked up its biggest rise in six months after the Riksbank voted to ease policy further only by the narrowest of margins. Sweden's central bank kept interest rates on hold at -0.50 percent and extended its bond-buying programme after a split board forced Governor Stefan Ingves to use his casting vote for the first time ...

Markets - FXMM - Americas

C$ dips, paring some of prior day's gains TORONTO: The Canadian dollar weakened slightly against its US counterpart on Wednesday but hung on to most of the previous day's gains as oil prices rose and the greenback retreated from a 14-year high.The US dollar weakened against a basket of major currencies, giving back some of the gains chalked up since US President-elect Donald Trump's victory last month.Oil, one of Canada's major exports, rose on expectations for a decline in US crude inventories.US crude ...

Markets - FXMM - Europe

Dollar retreats from 14-years high, Swedish crown has best day in 6 months LONDON: The dollar took a breather on Wednesday after reaching a 14-year high the previous day, while the Swedish crown chalked up its biggest rise in six months after the Riksbank voted to ease policy further only by the narrowest of margins. Sweden's central bank kept interest rates on hold at -0.50 percent and extended its bond-buying programme after a split board forced Governor Stefan Ingves to use his casting vote for the first time ...

Markets - FXMM - Asia

Sri Lankan rupee ends lower on importer dollar demand, capital outflows COLOMBO: The Sri Lankan rupee closed weaker on Wednesday due to dollar demand from importers and capital outflows from government securities, dealers said, as the greenback hovered near 14-year peaks against a basket of major currencies. The US currency has chalked up all its 4.5 percent gains for the year since the Nov. 8 presidential election, as traders have bet that President-elect Donald Trump's administration will go on a growth-boosting tax cut and fiscal spending ...

Markets - FXMM - Europe

Sterling edges close to one-month lows vs dollar LONDON: Sterling edged close to a one-month low against the dollar on Wednesday, kept under pressure by uncertainty over Brexit negotiations and by a greenback buoyed by expectations for faster U.S. monetary tightening than previously forecast.Data showing Britain's public finances with a slightly bigger-than-expected deficit in November - but on track to meet new, less ambitious deficit reduction goals - had little impact on the pound, which was trading down 0.3 percent on the day ...

Markets - FXMM - Europe

Russia's rouble gains as global oil prices rise MOSCOW: The Russian rouble opened higher on Wednesday, helped by global oil prices which rose on expectations of a reduction in crude inventories in the United States.At 0730 GMT, the rouble was 0.6 percent stronger at 61.08 against the dollar and had gained 0.4 percent to trade at 63.58 versus the euro.Brent crude oil, the global benchmark for Russia's main export commodity, was up 0.6 percent to $55.70 a barrel as traders predicted that data ...