08252016Thu
Last update: Thu, 25 Aug 2016 02pm

Markets - FXMM

Markets - FXMM - Americas

Dollar weakens on declining Fed rate hike expectations NEW YORK: The dollar fell against a basket of currencies on Monday, undermined by recent soft US economic data that tempered expectations of a Federal Reserve interest rate hike this year. The dollar, which has fallen in four of the last five trading sessions, also slipped against the yen, a trend that has been in place for much of this year, with investors generally underwhelmed by Japan's recent stimulus measures. The US currency was 0.2 percent lower at 101.14 yen after losing 0.6 percent on Friday, when US retail sales and producer prices came in weaker than expected. The euro was up 0.3 percent at $1.1190, having risen 0.2 percent on Friday. The dollar index was weaker at 95.57 after dropping to 95.254 on Friday, its lowest level since Aug. 3. US Treasury yields slid on Friday, with the 10-year yield falling 5 basis points to a two-week low of ...


Markets - FXMM - Europe

Sterling nears post-Brexit lows vs dollar, eyes on data LONDON: Currency traders kept the pressure on sterling on Monday at the start of a week packed full of the first round of hard national data on consumer and corporate reaction to June's vote for Britain to leave the European Union. After a steadier opening in London, the arrival of US investors saw the pound sink more than half a percent to trade weaker than 87 pence per euro for the first time in three ...

Markets - FXMM - Middle East & Africa

Rand resumes rally, shares led lower by resource sector JOHANNESBURG: South Africa's rand firmed on Monday, resuming the previous week's rally as commodity-linked currencies globally attracted investors hungry for higher-yield assets in the face of fading chances of US interest rate hikes. The bourse was lower, as the firmer currency hurt resource stocks that rely on a weaker rand to boost export earnings. By 1545 GMT the rand had gained 1.45 percent to 13.2845 per dollar, compared to its Friday close at 13.4800 in ...

Markets - FXMM - Americas

US dollar funding pressure eases a tad NEW YORK: The scramble among banks for US dollars cooled a bit on Monday as a closely watched gauge on what they charge each other to borrow greenbacks for three months posted its biggest single-day fall in more than seven weeks. The London interbank offered rate on three-month dollars , or Libor, had risen as some US prime money market funds have changed over to hold only government bonds, which are exempt from rules from ...

Markets - FXMM - Europe

Russian rouble stronger on oil prices, tax support MOSCOW: The Russian rouble was stronger on Monday, helped by oil prices hitting a three-week high and by the start of the end-of-month tax period.At 0725 GMT, the rouble was 1 percent stronger against the dollar at 64.12 and had gained 0.9 percent to trade at 71.61 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 1.1 percent at around $47.5 a barrel.It hit a three-week high as speculation built ...

Markets - FXMM - Europe

Sterling steadies near 3-year low vs euro, eyes on post-Brexit data LONDON: Currency traders kept the pressure on sterling on Monday at the start of a week packed full of the first round of hard national data on consumer and corporate reaction to June's vote for Britain to leave the European Union.The pound steadied after extending last week's fall to a three-year low against the euro in early trade in Asia, down 0.1 percent on the day at 86.40 pence compared to the low of 86.54 ...

Markets - FXMM - Europe

Dollar pinned down by easing Fed rate hike expectations LONDON: The dollar was softer on Monday, pegged back by sluggish U.S. data that tempered expectations of a Federal Reserve interest rate hike this year.The U.S. currency was 0.3 percent lower at 100.95 yen after losing 0.6 percent on Friday, when retail sales and producer prices came in weaker than expected. The euro was up 0.15 percent at $1.1172, having risen 0.2 percent on Friday.The dollar index was weaker at 95.62 after dropping to 95.254 ...