12042016Sun
Last update: Sun, 04 Dec 2016 09pm

Markets - FXMM

Markets - FXMM - Middle East & Africa

South African rand seen range-bound ahead of rates decision, ratings review JOHANNESBURG: The South African rand was a touch firmer against the dollar on Thursday, with traders expecting it to stay in a narrow range ahead of next week's interest rates decision and a credit rating review from Moody's. Stocks also rose, lifted by Africa's largest mobile operator MTN. The benchmark Top-40 index closed 1.3 percent higher at 44,171 points, while the All-Share index gained 1.2 percent to 50,617 points. The rand traded up 0.35 percent at 14.2950 per dollar by 1610 GMT. "The rand is probably going to start quieting down ahead of the big events from next week," Rand Merchant Bank trader Jim Bryson said, referring to the last monetary policy meeting of the year and a credit rating review from Moody's. The central bank is expected to keep domestic rates unchanged at 7 percent next Thursday, a decision which could put pressure on the rand, given that investors ...


Markets - FXMM - Europe

Sterling hits 2-month high vs euro after bumper retail sales data LONDON: Sterling hit a two-month high against the euro on Thursday, after data showed British retail sales surged in October and as investors focused on the political risks facing Europe in the coming months.The numbers showed annual sales growth at its highest in 14 years, more evidence of the resilient mood among British consumers since June's vote to leave the European Union - even if demand was lifted by seasonal factors like cold weather and ...

Markets - FXMM - Americas

Dollar index hits 13-1/2 year high after Yellen NEW YORK: The dollar on Thursday climbed to fresh 13-1/2 highs versus a basket of major currencies after Federal Reserve Chair Janet Yellen finished her appearance before the Congress's Joint Economic Committee. The dollar index, which measures the greenback against a group of six currencies, was last up 0.2 percent at 100.61 after hitting 100.65 which was its highest since April 2003. Copyright Reuters, 2016

Markets - FXMM - Asia

Sri Lankan rupee closes little changed amid capital outflow worries COLOMBO: The Sri Lankan rupee ended little changed on Thursday amid persistent worries about capital outflows as incoming President Donald Trump's policies are seen aiding higher US interest rates and a stronger greenback, while dollar selling by a state-run bank helped to boost sentiment. The dollar index, which measures the greenback's strength against a basket of major currencies, touched a near 14-year high on Wednesday. Rupee forwards were active, with spot-next trading at 148.80/90 per ...

Markets - FXMM - Middle East & Africa

Nigeria sells 120bn naira in treasury bills, yields mixed LAGOS: Nigeria sold 119.92 billion naira ($394.21 million) in short-dated treasury bills at an auction on Wednesday, with mixed yields, data from the central bank showed on Thursday. The bank sold a total of 32.43 billion naira of the 3-month paper at 13.99 percent, broadly unchanged from 14 percent at the last auction on Nov. 2. It sold 22.82 billion naira of 6-month debt at 17.40 percent, down from 17.50 percent at the previous auction, ...

Markets - FXMM - Middle East & Africa

AFRICA-FX-Kenyan, Ugandan shillings seen easing, Zambia's kwacha to firm NAIROBI: The Kenyan and Ugandan shillings are seen weakening in the week to next Thursday, while Zambia's kwacha is seen strengthening, traders said.KENYAThe Kenyan shilling could weaken due to sustained corporate demand outweighing dollar inflows, traders said.At 0750 GMT, commercial banks quoted the shilling at 101.80/102.00 to the dollar, compared with 101.60/70 at last Thursday's close."Corporate demand appears not to have reduced," said a trader from a commercial bank.UGANDAThe Ugandan shilling is seen weakening, hit ...

Markets - FXMM - Europe

Dollar charge pauses as bond bashing relents LONDON: Battered bonds and emerging market currencies enjoyed some respite on Thursday as the dollar took a breather from a post-US election charge that has taken it to a 13-1/2 year high.Wall Street looked set for a quiet start and Europe's main stock markets were shuffling sideways as the dip in global bond yields cooled bank stocks, which have been rising on better lending profits. The dollar's drop against other top world currencies was a ...