07282016Thu
Last update: Thu, 28 Jul 2016 01pm

Markets - FXMM

Markets - FXMM - Europe

Dollar index at 4-mth high on strong US data, Fed hike hopes LONDON: The dollar hit a four-month high against a basket of currencies and rose against the yen on Wednesday, bolstered by strong US data and growing expectations that the Federal Reserve may raise rates before the end of the year. Commerce Department data showed that US housing starts surged 4.8 percent to a seasonally adjusted annual pace of 1.19 million units, underpinning a theme of strength in the US economy.Fed funds futures rates show investors see around a 40 percent chance the Fed will raise rates by its December meeting, according to CME Group's FedWatch tool, compared with less than 20 percent a few weeks ago.The dollar index, which tracks the greenback against a basket of six major rivals, hit a high of 97.271, its highest level since March 10.The dollar rose 0.1 percent against the yen to 106.20 yen , after hitting 106.53 yen on Tuesday, its highest level ...


Markets - FXMM - Asia

Dollar rises as US data fuel talk of rate hike TOKYO: The dollar broadly rose Wednesday as another positive round of US data fanned speculation the Federal Reserve will lift interest rates, while central banks elsewhere consider stimulus measures to kickstart growth.A decision by the International Monetary Fund to cut its global growth projections for this year and next also lifted the greenback against higher risk units as dealers sought out safety.New home construction in the US rose in June at its best pace in ...

Markets - FXMM - Americas

Latam currencies slip on global growth concerns SAO PAULO: Latin American currencies weakened on Tuesday as renewed concerns over global growth triggered profit-taking following a weeks-long rally.Traders cited a drop in German investor sentiment as well as a downward revision in the International Monetary Fund's estimates for global growth, both prompted by Britain's decision to leave the European Union.Worries that the US Federal Reserve could increase rates this year if financial markets remain calm also drove investors to sell emerging market assets, ...

Markets - FXMM - Asia

Yuan firms to 6.6893/dollar at official close on state bank buying SHANGHAI: Major Chinese state-owned banks pushed the yuan up sharply against the dollar late on Tuesday, after it fell through a key psychological level in the previous session, traders said. The yuan was at 6.6893 to the dollar at the official close at 4:30 pm (0830 GMT).The banks' move, which traders suspected was done at the behest of China's central bank, pulled the yuan back from posting an official close weaker than 6.7 per dollar.It ...

Markets - FXMM - Asia

Australian, New Zealand dollars slide on rate cut bets LONDON: The Australian dollar fell 1 percent to a 11-day low on Tuesday while the New Zealand dollar hit a three-week trough, as investors ramped up bets that both central banks could ease monetary policy as early as next month. The Australian dollar fell after minutes from the latest central bank meeting left the door open for a move in August while New Zealand's currency was dented after the Reserve Bank stepped up efforts to ...

Markets - FXMM - Europe

Sterling falls back before inflation numbers LONDON: Sterling dropped back below $1.32 ahead of inflation data on Tuesday, more evidence that investors will sell the pound any time it blips higher in expectation of a grim economic aftermath of last month's vote to leave the European Union. Sterling saw its best performance since 2009 last week as many of those who had sold the pound in a 14 percent slide after the referendum took some of the profit they had earned ...

Markets - FXMM - Asia

Bearish yuan and oil weigh on Asia FX; PBOC seen supporting renminbi SINGAPORE: Most emerging Asian currencies eased on Tuesday, as traders booked profits on expectations of further weakness in the Chinese yuan and an extended slide in oil prices.Regional currencies also tracked weakness in the New Zealand dollar and the Australian dollar on views of interest rate cuts in the Antipodeans countries.The yuan edged up with state-run banks spotted intervening to support the currency on behalf of the central bank. On Monday, the renminbi weakened past ...