08252016Thu
Last update: Thu, 25 Aug 2016 04pm

Markets - FXMM

Markets - FXMM - Middle East & Africa

South Africa's rand retreats in volatile trade, stocks flat JOHANNESBURG: The rand retreated on Tuesday with a recent rally running out of steam as the currency failed to break a signficant technical resistance level and despite favourable risk conditions globally due to an anticipated delay to US interest rate hikes. Stocks were fractionally higher, with a share buy-back in South Africa-based investment company, Brait, offsetting the impact of a slump in gold mining group AngloGold Ashanti shares on news of a stake sale.By 1520 GMT the rand had weakened 0.34 percent to 13.3375 per dollar compared to close of 13.2920 in New York, slightly shy of 13.2000 where it also turned around last week. The rand reached a session best early on of 13.2075 after dovish comments from a Federal Reserve policymaker hit the dollar, with investors paring bets on an increase to lending rates by the end of the year.The rand however gave back the early gains, failing ...


Markets - FXMM - Americas

C$ strengthens to 7-week high against weaker greenback TORONTO: The Canadian dollar strengthened to a seven-week high against its broadly weaker US counterpart on Tuesday as oil rose and domestic data showed a rebound in factory sales.Canadian factory sales increased 0.8 percent in June from May as sales of machinery and transportation equipment grew, according to Statistics Canada data. Economists had expected a 0.7 percent increase after sales fell 1 percent in May.Oil rose to its highest in one month as the market ...

Markets - FXMM - Americas

Dollar edges off lows after Fed's Dudley raises bets on rate hike NEW YORK: The US dollar hit its lowest levels in more than seven weeks against the euro, yen and Swiss franc on Tuesday a day after dovish comments from a top Federal Reserve official, but pared losses after remarks from the head of the New York Fed raised expectations for a rate hike this year.The dollar hit its lowest levels against those three currencies since June 24, or the day after Britain voted to exit ...

Markets - FXMM - Europe

Sterling boosted by above-forecast UK inflation data LONDON: Sterling slightly strengthened on Tuesday, rising from three-year lows against the euro and pulling further away from a five-week trough against the dollar, after slightly higher than expected inflation data.Consumer price rises gathered speed, up 0.6 percent in July compared with a year earlier, their biggest rise since the end of 2014. Economists in a Reuters poll had expected a 0.5 percent rise.And factory gate prices rose at their fastest pace in over two ...

Markets - FXMM - Europe

Dollar sinks to 7-week lows vs yen on Williams comments LONDON: The dollar hit its lowest in seven weeks on Tuesday, dipping below 100 yen for the first time since June as traders reined in U.S. interest rate hike bets following dovish comments from a Federal Reserve policymaker.The greenback also fell another 1 percent against the commodity-linked currencies most associated with growth and greater risk-taking by investors worldwide.The dollar has been under pressure for the past week as the perceived chances of a U.S. rate ...

Markets - FXMM - Asia

Sri Lankan rupee steady as importer dollar demand offsets exporter sales COLOMBO: The Sri Lankan rupee ended steady on Tuesday as dollar sales by exporters were offset by importer demand for the U.S. currency, dealers said.The spot rupee ended at 145.50/55 per dollar, unchanged from Monday."Exporter (dollar) sales were there. But the rupee ended steady as a state bank bought dollars to cover some import bills including a petroleum one," a currency dealer said, asking not to be named.The spot rupee is usually managed by the ...

Markets - FXMM - Europe

Sterling index at 6-1/2-year low as markets eye inflation data LONDON: Sterling hit a 6-1/2-year low against a basket of currencies on Tuesday, as traders awaited inflation data to see the impact of a weaker currency on domestic prices after June's shock vote to leave the European Union. Economists expect headline consumer price inflation for July to show a reading of -0.1 percent month-on-month, down from 0.2 percent in June. For the year, inflation is expected unchanged at 0.5 percent. Core inflation, which strips out ...