06252016Sat
Last update: Sat, 25 Jun 2016 08am

Markets - FXMM

Markets - FXMM - Middle East & Africa

Nigerian naira devalues 23pc after currency peg ends LAGOS: Nigeria's naira devalued 22.7 percent against the US dollar on Monday as interbank market trading began following the removal of a central bank currency peg, Thomson Reuters data showed. The naira traded at 255 against the dollar on Monday, weakening from the 197 peg maintained by the central bank for the last 16 months.Copyright Reuters, 2016


Markets - FXMM - Middle East & Africa

Kenyan shilling stable, may weaken from demand by banks and telecoms NAIROBI: The Kenyan shilling was stable on Monday although expected dollar purchases by commercial banks and telecommunications firms looking to pay dividends were seen posing a depreciation risk.Copyright Reuters, 2016

Markets - FXMM - Europe

Sterling in biggest one-day gain for 7 years as Brexit fears ease LONDON: Sterling soared 2 percent against the dollar on Monday, putting it on track for its biggest one-day gain for more than seven years, as worries eased that Britain might vote to leave the European Union at a June 23 referendum.Campaigning for the vote resumed on Sunday after a three-day hiatus following the killing of a pro-EU lawmaker. Three opinion polls at the weekend showed the "Remain" camp gained momentum, but the overall picture was ...

Markets - FXMM - Middle East & Africa

Nigeria's naira weakens vs dollar in NDF market ahead of new FX regime LONDON: Nigeria's naira slipped across the curve against the dollar in non-deliverable forward markets on Monday, with one-month contracts hitting a fresh record on before the introduction of a new foreign currency regime later in the day.One-month non-deliverable forwards showed the naira weakening to 305 per dollar, while the two-month contract traded at 310 per dollar - matching a record it hit on Friday.The one-year contract showed the naira at 351 to the dollar .Nigeria ...

Markets - FXMM - Middle East & Africa

Rand firms as easing Brexit risk buoys emerging currencies JOHANNESBURG: South Africa's rand strengthened as much as 1.3 percent against the dollar on Monday, buoyed along with other emerging market currencies by lessening fears of Britain voting to leave the European Union.It rallied to 14.9900/dollar, its strongest for a week, and was up 1.2 percent at 15.0100 by 0644 GMT, compared with Friday's close of 15.1950, as investors' appetite for risk improved.The rand took its cue from Asian markets which gained across the board ...

Markets - FXMM - Europe

Russian rouble rises on higher oil prices, reduced Brexit fears MOSCOW: The Russian rouble opened stronger on Monday, buoyed by higher oil prices and a perception that the risk of Britain leaving the European Union was receding.At 0705 GMT, the rouble was 0.7 percent stronger against the dollar at 64.41 and had gained 0.2 percent to 73 versus the euro.Three opinion polls ahead of Thursday's vote in Britain showed the 'Remain' camp recovering some momentum, though the overall picture remained one of an evenly split ...

Markets - FXMM - Asia

India markets fall after RBI Rajan's surprise move to quit in September NEW DELHI/MUMBAI: India's rupee fell to a near one-month low and bonds weakened on Monday after central bank governor Raghuram Rajan, whose reforms have been credited for much of the economy's success in recent years, announced he would quit when his term ends in September.While the currency partially recovered losses, investors warn Rajan's replacement, who is yet to be named, will need to be seen as credible and somebody who can defend the central bank's ...