05042016Wed
Last update: Wed, 04 May 2016 08pm

Markets - FXMM

Markets - FXMM - Middle East & Africa

Ugandan shilling steady, seen gaining in coming days NAIROBI: The Ugandan shilling held steady on Friday, with month-end inflows and scarce liquidity expected to lend extra support to the local currency next week.At 0937 GMT commercial banks quoted the shilling at 3,305/3,315, unchanged from Thursday's close. "The shilling is likely to extend it's stability ... as the month-end flows are expected to render some support," Alpha Capital Partners said in a market report. Copyright Reuters, 2016


Markets - FXMM - Europe

Serbian assets up before election, zloty hits eight-week low BUDAPEST/BELGRADE: Serbian stocks and the dinar gained on Friday, amid expectations Sunday's elections will keep a reform-minded government in power.Other Central European assets fell, with the zloty plunging to an eight-week low against the euro.The dinar rose 0.1 percent against the euro to 122.82 by 1115 GMT. With a 1.1 percent loss since 2015, it remains the second worst-performing currency in the region this year, after Poland's zloty.The Serbian central bank, which has the highest ...

Markets - FXMM - Middle East & Africa

South Africa's rand flat, seen weakening in risk averse trade JOHANNESBURG: South Africa's rand was mostly flat in early trade on Friday, with analysts expecting it to weaken going into the weekend in an environment of low risk appetite. Stocks opened slightly in the red, with the JSE securities exchange's Top-40 index falling 0.4 percent.At 0702 GMT, the rand traded at 14.3285 versus the dollar, 0.07 percent off Thursday's New York close at 14.3185.Analysts said risk appetite was likely to be depressed ahead of a ...

Markets - FXMM - Asia

Yen dives on report BoJ looking at financial firms support TOKYO: The yen sank Friday on a report that Japan's central bank may take steps to support major financial institutions hit by its shock negative-rate policy.The Bank of Japan was looking at offering negative rates on some loans, Bloomberg News said, citing anonymous sources."This would mean banks can receive money for borrowing from the Bank of Japan," said Masahiro Ichikawa, a senior strategist at Sumitomo Mitsui Asset Management."It's a plus for bank profitability as it ...

Markets - FXMM - Americas

Dollar gains against euro after ECB as focus turns to Fed NEW YORK: The euro reversed to trade lower against the dollar on Thursday after traders looked past a European Central Bank meeting and weighed the potential for a more hawkish Federal Reserve next week, while the yen rebounded on flagging risk appetite.The euro was last down 0.12 percent against the dollar at $1.1280, near a session low of $1.1271, after hitting a nine-day high of $1.1394 on the back of comments from ECB President Mario ...

Markets - FXMM - Europe

Euro steadies as ECB meets, eyes on policy signals from Draghi LONDON: The euro steadied on Thursday, trading at around $1.13, as investors adjusted positions before a policy meeting by the European Central Bank where it is widely expected to hold interest rates unchanged at record lows.President Mario Draghi is likely to drive home the case for ultra-loose monetary policy, but any hint that current policy settings are appropriate for the time being could see the euro rise towards $1.15, a level seen last in October ...

Markets - FXMM - Europe

Sterling steadies after UK retail sales miss forecasts LONDON: Sterling traded close to three-week high against the euro on Thursday despite data showing British retail sales fell in March, as several polls suggested Britain will vote to stay in the European Union.Traders and analysts say politics will play a greater role for sterling than economics before the June 23 ballot. That appears to have been the case since late last year.The pound has fallen around 10 percent since November on worries that Brexit ...