09292016Thu
Last update: Thu, 29 Sep 2016 03pm

Markets - FXMM

Markets - FXMM - Americas

C$ weakens as oil falls; BOC's Poloz speech awaited TORONTO: The Canadian dollar weakened against its US counterpart on Tuesday as oil fell and investors braced for a speech by Bank of Canada Governor Stephen Poloz as well as pending Japanese and US central bank monetary policy decisions.The price of US crude was down 1.55 percent to $42.63 a barrel ahead of an expected build in US crude oil stocks and on Venezuelan comments that the oil market remains oversupplied by 10 percent.Investors will be looking to see whether Poloz emphasizes the downbeat tone of the Canadian central bank's most recent policy statement. The governor's prepared remarks on the topic of "Living With Lower for Longer" will be released at 12:35 p.m. EDT (1635 GMT), followed by a press conference at approximately 2:15 p.m. EDT.The US Federal Reserve is due to announce its latest interest rate decision on Wednesday following a two-day policy meeting. Fed policymakers also are expected ...


Markets - FXMM - Americas

Dollar edges up, investors cautious on outcome of BoJ, Fed meetings NEW YORK: The dollar edged up against a basket of major currencies on Tuesday in light trading as investors retraced last week's moves ahead of policy meetings from the Bank of Japan and US Federal Reserve. Investors see little chance that the Fed raises US short-term interest rates and expectations are also low that the BoJ will be able to weaken the yen meaningfully when both banks announce policy prescriptions on Wednesday. However, traders remained ...

Markets - FXMM - Asia

Sri Lankan rupee edges up on state bank dollar sales COLOMBO: The Sri Lankan rupee gained slightly on Tuesday as a state bank sold dollars after the local currency fell due to importer greenback demand, with traders unwilling to trade the rupee below the level desired by the central bank, dealers said.The spot rupee was at 145.80/146.00 per dollar at 0638 GMT, slightly firmer from Monday's close of 145.90/146.00. One-week forwards were at 145.95/146.15, compared with the previous close of 146.12/22.The spot rupee is usually ...

Markets - FXMM - Europe

Yen edges up as traders doubt BOJ's firepower LONDON: The yen edged up against the dollar on Tuesday, as traders doubted that the Bank of Japan will be able to meaningfully weaken the yen when it meets on Wednesday, and betted that the U.S. Federal Reserve will not raise interest rates.The yen rose 0.3 percent against a broadly weaker greenback to 101.645 yen, having risen almost 20 percent over the past 12 months despite the BOJ's best efforts to weaken it.The dollar dipped ...

Markets - FXMM - Europe

Sterling steady as Fed, BOJ take focus off Brexit briefly LONDON: Sterling steadied against a broadly weaker dollar on Tuesday, in the run-in to U.S. and Japanese central bank meetings that were taking the market's focus temporarily off the latest concerns over the shape of Britain's exit from the European Union.The pound had staged a modest recovery on Monday after slipping below $1.30 last week for the first time in a month.It traded 0.2 percent higher in early deals on Tuesday at $1.3047 and 85.87 ...

Markets - FXMM - Asia

Yen extends gains as Bank of Japan, Fed kick off meetings TOKYO: The yen extended its gains in Asian trading Tuesday as the Japanese and US central banks kick off their latest policy meetings.The Bank of Japan headed into a two-day gathering, with investors unsure about its plans for monetary policy as more than three years of stimulus has largely failed to boost growth and inflation.More than a half of economists surveyed by Bloomberg News expect the BoJ to step up its easing efforts, with many ...

Markets - FXMM - Australia

Australia, NZ dollars inch higher, eyes on cenbank meetings SYDNEY/WELLINGTON: The Australian dollar briefly nudged higher on Tuesday after the country's central bank hinted at a steady policy outlook, but trading was overshadowed by looming meetings of the Bank of Japan (BOJ) and Federal Reserve.The Australian dollar rose as high as $0.7554 after the minutes of the Reserve Bank of Australia's (RBA) September meeting showed it was comfortable with the current policy after holding rates at 1.50 percent earlier this month.It was last around ...