02062016Sat
Last update: Sat, 06 Feb 2016 07am

Markets - FXMM

Markets - FXMM - Australia

Dollar awaits Fed outcome, Canada's loonie bounced around by oil SYDNEY: The US dollar kept to the sidelines early on Wednesday with the market waiting for a interest rate steer from the Federal Reserve, while a fleeting rebound in oil prices sparked a short-covering rally in currencies like the Canadian dollar. Weakness in the Swiss franc caught some attention, sparking talk the Swiss National Bank could have been selling. The euro jumped to a one-year high of 1.1059 francs, while the greenback came within a whisker of 1.0200 francs - its highest in nearly two months. The dollar index last stood at 99.061, nursing a 0.3 percent fall on Tuesday. It eased against the euro and sterling and fell sharply versus its Canadian peer. The greenback managed to eke out a slim gain on the yen, which softened broadly as a rally on Wall Street dampened demand for the safe-haven Japanese currency. Wednesday's main focus will be the outcome of ...


Markets - FXMM - Europe

Zloty recovers on crude rebound, Hungary holds rates BUDAPEST/WARSAW: The zloty and Central European equities reversed a fall on Tuesday as a rebound of crude prices curbed risk aversion in global markets.The zloty, trading at 4.463 against the euro at 1505 GMT, was 0.1 percent firmer from Monday after an earlier fall to 4.501, near the 4-year lows hit last week.It also rebounded from a 2-and-1/2-year low against the forint which traded 0.1 percent weaker against the euro after the Hungarian central bank ...

Markets - FXMM - Americas

Dollar drags as oil rebound boosts loonie, sterling NEW YORK: A recovery in oil prices pushed the dollar higher against the yen and euro on Tuesday, but it fell overall as sterling rose and the oil-linked Canadian dollar gained. With crude oil prices near their lowest in 13 years, senior officials of the Organization of the Petroleum Exporting Countries renewed calls for rival producers to cut supply alongside its members.That helped push oil prices further above $30 a barrel as markets hoped OPEC ...

Markets - FXMM - Middle East & Africa

South Africa's rand gains, but pressure seen ahead of central bank decision JOHANNESBURG: South Africa's rand reversed earlier losses against the dollar on Tuesday, taking its cue mainly from global markets, but analysts said it would stay under pressure ahead of Thursday's domestic monetary policy decision.Stocks ended a see-saw session slightly higher, with Sasol among the top gainers as crude oil prices rebounded on hopes of a deal to tackle a global supply glut. At 1645 GMT the rand was up 1 percent at 16.3600 per dollar, ...

Markets - FXMM - Middle East & Africa

Kenyan shilling treads water, dollar demand muted NAIROBI: The Kenyan shilling strengthened marginally on Tuesday amid limited corporate demand for dollars. Stocks were down.At 1330 GMT, commercial banks posted the shilling at 102.25/35 compared to the dollar, slightly stronger than Monday's closing rate of 102.30/40.Traders expected it to remain in a 102.20-102.50 band in coming days."We saw some corporates and banks unwinding their foreign currency positions," said a trader at a commercial bank. "We expect it to stay in a tight range ...

Markets - FXMM - Americas

C$ strengthens as crude oil prices rise on deal hopes TORONTO: The Canadian dollar rallied against its US counterpart on Tuesday, helped by a recovery in oil prices on hopes of a deal to address a global crude supply glut.A 6 percent slump in Chinese shares weighed on market sentiment, but was offset by firmer oil prices.Oil rose further above $30 a barrel, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply ...

Markets - FXMM - Asia

China's yuan barely budges as central bank holds steady SHANGHAI: China's yuan stayed flat against the dollar on Tuesday as the central bank kept holding the line, and traders expected the stability of the yuan to last until the Chinese Lunar New Year.The People's Bank of China set the midpoint rate at 6.5548 per dollar prior to market open, only 0.01 percent firmer than the previous fix 6.5557.The spot market opened at 6.5791 per dollar and was changing hands at 6.5794 at midday, almost ...