07242016Sun
Last update: Sun, 24 Jul 2016 01pm

Markets - FXMM

Markets - FXMM - Europe

Serbia's central bank buys euros to stem dinar gains BELGRADE: Serbia's central bank purchased euros on Wednesday to rein in dinar gains due to increased demand for the local currency and low liquidity in the interbank market, dealers said. The central bank, which a day earlier purchased 40 million euros, started buying the common currency as the dinar traded at around 123.20 to the euro, 0.14 percent stronger than the previous close. After the intervention, the dinar weakened modestly to 123.25 at 1355 GMT.Copyright Reuters, 2016


Markets - FXMM - Asia

Risk sentiment supports Asia FX; ringgit dips ahead of policy review SINGAPORE: Most emerging Asian currencies rose on Wednesday as risk sentiment improved on views of more economic stimulus, especially from Japan, and prospects of strong US economic growth.Malaysia's ringgit, however, slid ahead of the central bank's interest rate policy announcement later in the day. Bank Negara Malaysia is widely expected to hold its benchmark rate unchanged at 3.25 percent.The yuan rose as China's central bank was seen intervening in the offshore market to ease depreciation ...

Markets - FXMM - Australia

Australia, NZ dollars hold gains as commodities rally SYDNEY/WELLINGTON: The Australian dollar held firm on Wednesday after hitting a three-month top, while its New Zealand cousin reached the highest in over a year as a rally in global risk appetite lifted commodities and dented the Japanese yen.The Australian dollar was consolidating at $0.7590, having jumped 1.2 percent overnight to as far as $0.7650. The bounce recovered all the losses suffered in the wake of Britain's vote to leave the European Union.The gains were ...

Markets - FXMM - Asia

Yen pares losses as Tokyo rejects 'helicopter money' TOKYO: The yen pared some of its losses Wednesday as a Japanese official doused speculation that Tokyo was mulling so-called helicopter money to boost growth.Top government spokesman Yoshihide Suga said a report in Japan's Sankei newspaper that the government was considering direct money transfers was untrue.The term helicopter money tends to refer to stimulus that would be pumped straight into the economy -- such as into people's bank accounts -- rather than through the banking ...

Markets - FXMM - Asia

Yen pares losses as Tokyo rejects 'helicopter money' TOKYO: The yen pared some of its losses Wednesday as a Japanese official doused speculation that Tokyo was mulling so-called helicopter money to boost growth.Top government spokesman Yoshihide Suga said a report in Japan's Sankei newspaper that the government was considering direct money transfers was untrue.The term helicopter money tends to refer to stimulus that would be pumped straight into the economy -- such as into people's bank accounts -- rather than through the banking ...

Markets - FXMM - Asia

Yen recoups some losses, sterling firms TOKYO: The yen clawed back some of this week's losses in Asian trading on Wednesday, after it sank to 2-1/2-week lows reached this week as the prospects for more economic stimulus in Japan helped bolster risk sentiment.The dollar slipped 0.5 percent to 104.20 yen. On Tuesday, the greenback scaled a peak of 104.98 yen, its highest level since June 24. For the week, the dollar was still up about 3.6 percent against the yen.The euro ...

Markets - FXMM - Asia

China's yuan firms, central Bank suspected of intervening offshore  SHANGHAI: The yuan edged up against the dollar on Wednesday, and traders said the central bank was seen intervening in the offshore market to ease depreciation pressure on the Chinese currency.Traders said the market was little fazed by fears of a spike in regional political tensions after an international arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea.The People's Bank of China set the midpoint ...