05302016Mon
Last update: Mon, 30 May 2016 03pm

Markets - FXMM

Markets - FXMM - Americas

Dollar plummets against yen on G7 meeting, Japanese data NEW YORK: The US dollar tumbled nearly 1 percent against the yen on Monday on Japanese trade data and Washington's resistance to currency intervention by Tokyo, but was little changed against the euro as investors awaited fresh US economic data. The dollar was last down 0.86 percent at 109.19 yen, near a session low, after data showing Japan logged a trade surplus for the third consecutive month. The dollar was set for its biggest daily percentage decline against the yen in more than three weeks. Besides the trade data, a Group of Seven finance ministers' meeting concluded on Saturday with the United States warning Japan against intervening to weaken the yen, a rift that is perceived as preventing Tokyo from acting. "You had no firm resolution coming from G7 with respect to the potential for intervention from the Bank of Japan, which makes people a little bit more comfortable in ...


Markets - FXMM - Middle East & Africa

South Africa's rand weakens on US rate hike expectations JOHANNESBURG: South Africa's rand weakened nearly 1 percent on Monday as the dollar gained on rising expectations of a U.S. interest rate hike, while mining shares were hit by softer commodity prices.At 1500 GMT, the rand traded at 15.7670 per dollar, 0.84 percent weaker from its New York close on Friday.The Federal Reserve will likely tighten policy a bit quicker in 2017 than this year, a top Fed official said on Monday, noting the decision ...

Markets - FXMM - Americas

Dollar gains against euro on Fed comments, slips against yen NEW YORK: The US dollar gained against the euro on Monday after Federal Reserve officials made hawkish remarks on monetary policy, while the dollar slipped against the yen on Japanese trade data and U.S. resistance to currency intervention from Tokyo.The euro was last down 0.29 percent against the dollar at $1.1190. San Francisco Fed President John Williams said on Monday that the central bank would probably tighten policy a bit quicker in 2017 than this ...

Markets - FXMM - Europe

Post-G7 yen gains halt dollar rally LONDON: Robust trade data from Japan had the yen back on the rise on Monday after three weeks of solid gains for the dollar which have given fresh heart to those hoping for another rally as U.S. interest rates rise.A Group of Seven finance ministers' meeting concluded on Saturday with the United States warning Japan against intervening to weaken the yen, a rift that is perceived as preventing Tokyo from acting.Top of the agenda this ...

Markets - FXMM - Europe

Sterling slips as markets start week on cautious note LONDON: Sterling slipped on Monday after gaining over 1 percent against the dollar last week as investors, still worried that a looming June 23 referendum could see Britons vote to leave the European Union, moved away from riskier assets.The currency showed little reaction to warnings from Prime Minister David Cameron and finance minister George Osborne that a vote to leave the EU could push Britain into a year-long recession and cost at least half a ...

Markets - FXMM - Europe

Rouble retreats with oil, US statistics eyed MOSCOW: The Russian rouble opened weaker on Monday, dragged down by the oil price which has retreated further on abating supply disruptions and a stronger dollar, as markets await data this week to gauge the likelihood of higher US interest rates. At 0755 GMT, the rouble was 0.5 percent weaker against the dollar at 67.13 and had lost 0.6 percent to 75.35 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was ...

Markets - FXMM - Europe

Sterling steadies after week of gains LONDON: Sterling steadied around $1.45 on Monday after gaining more than 1 percent against the dollar last week, with investors still worried that a referendum in exactly one month could see Britons vote to leave the European Union. Several polls last week put the "In" camp well ahead in the run up to the June 23 vote, easing some fears and driving bookmarkers to widen their odds on a Brexit to about 7/2, indicating a ...