09302016Fri
Last update: Fri, 30 Sep 2016 01pm

Markets - FXMM

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 0.2 percent against a basket of major currencies.From Frankfurt, Esther Reichelt said she expected a quiet day, though thin trading volumes could lead to some exaggerated moves not driven by fundamental factors."Everybody is just waiting for the BOJ and the Fed - why do anything today?" she said. "Everyone has already positioned for these events and there is no new information that could give them a reason to reposition, so I expect a rather calm ...


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 ...

Markets - FXMM - Asia

China's yuan weakens on companies' strong dollar purchases  SHANGHAI: China's yuan weakened on Tuesday on strong dollar purchases by companies, while traders said state-owned banks sold dollars at around 6.67 in an effort to keep the Chinese currency stable.Prior to market open, the People's Bank of China set the midpoint rate at 6.6595 per dollar, firmer than the previous fix of 6.6786.The spot market opened at 6.6710 per dollar and was changing hands at 6.6691 at midday, 3 pips weaker than the previous ...

Markets - FXMM - Asia

Asia FX dips on BOJ, Fed anxiety; Taiwan dollar resists SINGAPORE: Most emerging Asian currencies eased on Tuesday with caution heightening ahead of Bank of Japan and US Federal Reserve policy decisions this week.But the Taiwan dollar bucked the regional slide, rising to a near two-week high on further inflows into the island's stock market.Malaysia's ringgit slumped as government bond prices fell, suggesting capital outflows.The country's bonds are seen as more vulnerable to a global bond rout as oil prices remain weak, straining the government's ...

Markets - FXMM - Americas

Yen edges higher ahead of BoJ, Fed policy meetings NEW YORK: The yen strengthened slightly Monday while the dollar lost ground against the euro ahead of the parallel policy meetings of the Bank of Japan and the US Federal Reserve.After a week of disappointing data on consumer spending and inflation, the Fed is expected to hold its benchmark interest rate unchanged yet again and set its sights on a December rise. Meanwhile the BoJ, still frustrated about the outcome of its substantial stimulus efforts, ...