05042016Wed
Last update: Wed, 04 May 2016 03am

Markets - FXMM

Markets - FXMM - Middle East & Africa

Kenyan shilling holds steady, dividend payments eyed NAIROBI: The Kenyan shilling was unchanged against the dollar on Monday as traders turned their attention to dividend payments by local firms, to their shareholders abroad, to determine potential demand for dollars.At 0916 GMT, commercial banks posted the shilling at 101.15/25 per dollar. Local firms, especially banks with significant foreign shareholding, close their books from this week, meaning they will be buying dollars for dividends.Copyright Reuters, 2016


Markets - FXMM - Asia

Yen rebounds as focus turns to Bank of Japan meeting TOKYO: The yen rebounded Monday, with analysts saying last week's dive on a report that the Bank of Japan was considering new stimulus was overdone.The Japanese unit sank Friday in reaction to a Bloomberg News story that said the central bank may take steps to support major financial institutions hit by its negative-rate policy.On Monday, the greenback eased to 111.29 yen from 111.80 yen in New York late Friday. It had been around 109.31 yen ...

Markets - FXMM - Americas

Dollar rallies against yen on potential for expanded BOJ stimulus NEW YORK: The U.S. dollar rose to its highest level against the yen in three weeks on Friday after a report said the Bank of Japan is considering expanding its negative rate policy to bank loans and could cut rates further.The BOJ could consider the new step if policymakers decide to lower the negative 0.1 percent interest rate applied to some bank reserves parked with the central bank, Bloomberg reported.The dollar rose more than 2 ...

Markets - FXMM - Europe

Sterling heads for strongest week since March 4 LONDON: Sterling was set to rack up its best week since early March on Friday, helped by a handful of polls that have showed solid support for Britain to remain in the EU in June's referendum as US President Barack Obama also weighed into the debate. A poor batch of UK retail sales numbers had put some pressure on the pound on Thursday, pointing again to a weakening of economic activity as firms and consumers ...

Markets - FXMM - Europe

Yen sinks on potential for Bank of Japan stimulus expansion LONDON: The yen skidded by more than 1 percent to a 2-1/2-week low against the dollar on Friday after a report said that the Bank of Japan is considering expanding its negative rate policy to bank loans and could cut rates further. The BoJ could consider the new step if policymakers decide to lower the negative 0.1 percent interest rate applied to some bank reserves parked with the central bank, Bloomberg reported on its website. ...

Markets - FXMM - Middle East & Africa

Ugandan shilling steady, seen gaining in coming days NAIROBI: The Ugandan shilling held steady on Friday, with month-end inflows and scarce liquidity expected to lend extra support to the local currency next week.At 0937 GMT commercial banks quoted the shilling at 3,305/3,315, unchanged from Thursday's close. "The shilling is likely to extend it's stability ... as the month-end flows are expected to render some support," Alpha Capital Partners said in a market report. Copyright Reuters, 2016

Markets - FXMM - Europe

Serbian assets up before election, zloty hits eight-week low BUDAPEST/BELGRADE: Serbian stocks and the dinar gained on Friday, amid expectations Sunday's elections will keep a reform-minded government in power.Other Central European assets fell, with the zloty plunging to an eight-week low against the euro.The dinar rose 0.1 percent against the euro to 122.82 by 1115 GMT. With a 1.1 percent loss since 2015, it remains the second worst-performing currency in the region this year, after Poland's zloty.The Serbian central bank, which has the highest ...