01252017Wed
Last update: Wed, 25 Jan 2017 04am

Markets - FXMM

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 to be released on Wednesday would show a U.S. crude stockpile draw, though activity was muted as markets wind down ahead of the Christmas weekend."We see the rouble in the range of 61-62 per $1 by year-end, provided there are no significant changes in oil (prices) globally," analysts at ING bank said in a note.Russian share indexes also rose.The dollar-denominated RTS index was up 0.8 percent at 1,151 points, while the rouble-based MICEX was 0.3 ...


Markets - FXMM - Asia

Sri Lankan rupee down on importer dollar demand, capital outflows COLOMBO: The Sri Lankan rupee fell on Wednesday due to importer demand for the dollar and capital outflows from government securities as the greenback held near 14-year peaks against a basket of major currencies.The dollar has been strengthening as global yield spreads shifted in its favour, with the U.S. Federal Reserve set to tighten monetary policy.At home, rupee forwards were active, with one-week forwards trading at 150.50/80 per dollar, compared with Tuesday's close of 150.25/50."There ...

Markets - FXMM - Asia

Won, baht hit multi-month lows on worry over Fed rate hike pace SINGAPORE: The South Korean won and the Thai baht hit multi-month lows against the dollar on Wednesday, weighed down by expectations of a faster pace of US interest rate increases after Donald Trump becomes president on Jan. 20.The Thai baht hit a trough of 36.076, falling to levels last seen in January. The won touched 1,196.3 per dollar, its lowest level since March.As the won slipped, a South Korean official in charge of foreign exchange ...

Markets - FXMM - Asia

South Korea won extends slide as dollar stands tall, stocks edge up SEOUL: The South Korean won extended its slide early on Wednesday, capping the fifth session of losses on the back of a relentless dollar rally fuelled by yield-allure as investors bet on US growth and interest rates moving to a higher gear.The won was fetching 1,194.9 as of 0200 GMT, down 0.13 percent compared to Tuesday's close of 1,193.4.The currency remained on the back foot even after a government official in charge of foreign exchange ...

Markets - FXMM - Asia

Dollar holds gains at 14-year peak on Trump trade, yield allure TOKYO: The dollar hovered near a 14-year high against the euro on Wednesday, supported by expectations of U.S. interest rates rising more rapidly during the incoming Trump Administration.In thin trading ahead of year-end holidays, the euro last stood at $1.0413 after slipping below $1.0352 on Tuesday, a level last seen in January 2003.The weak euro helped to push the dollar's trade-weighted index against a basket of six major currencies to touch 103.65, also a 14-year ...

Markets - FXMM - Australia

Australia dollar aided by the RBA, NZ dollar at 6-month lows SYDNEY/WELLINGTON: The Australian dollar inched higher on Tuesday following four straight days of losses, after the country's central bank indicated it was done cutting interest rates for now.The Australian dollar was up 0.14 percent at $0.7253 but still near 6-1/2-month lows of $0.7241 touched earlier. The Aussie has shed all of its gains this year after being 6.5 percent higher in early November.The Aussie has been on a downward trend since Donald Trump won the ...

Markets - FXMM - Asia

China's yuan firms on state bank support, weak corporate dollar demand  SHANGHAI: China's yuan firmed on Tuesday as major state-owned banks sold dollars, while weak demand by companies for the US currency also offered a helping hand, traders said.The People's Bank of China set the midpoint rate at 6.9468 per dollar prior to the market opening, weaker than the previous fix of 6.9312."The midpoint was back to normal, and dollar demand by companies was not so strong at current levels, so the market was relatively stable," ...