05292016Sun
Last update: Sun, 29 May 2016 08am

Markets - FXMM

Markets - FXMM - Europe

Dollar in vogue, hits 3-week high on revived Fed rate hike expectations LONDON: The dollar rallied to a three-week high against the euro and a basket of currencies on Wednesday on renewed expectations that the Federal Reserve could raise interest rates soon.U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline prices and rents rose, while other data showed housing starts and industrial production rebounded strongly, adding to the case for an early rate hike.Rate futures, based on the CME's Fedwatch, moved to price in a 70 percent chance of a rate hike by December, with a 50 percent chance of a move priced in by September. The chance of a hike in June was at around 15 percent, up from around 4 percent before the data was released.The two-year U.S. Treasury notes yield hit a three-week high of 0.847 percent.Also, Atlanta Fed President Dennis Lockhart, viewed as a centrist on the Federal Reserve board, said ...


Markets - FXMM - Europe

Sterling climbs after new Brexit poll gives ‘In’ camp 18-point lead LONDON: Sterling hit a 2-1/2-week high against the euro on Wednesday after a poll showed support for Britain to stay in the European Union has risen to its highest in three months, and as bookmakers lengthened their odds on a possible Brexit.The new Ipsos-Mori poll, commissioned by London's Evening Standard newspaper, found 55 percent of those surveyed supported staying in the EU, while 37 percent wanted to leave, just over a month before the June ...

Markets - FXMM - Asia

Sri Lankan rupee forwards firm up; stocks rise COLOMBO: Sri Lankan rupee forwards edged up on Wednesday as dealers were reluctant to trade at levels lower than 147.00 due to moral suasion by the central bank, with the country's finance minister saying the currency would stabilise in June after money from an IMF loan flows in.Dealers also said pressure on the local currency was likely to ease on expected fund inflows following the loan deal with the International Monetary Fund and on a ...

Markets - FXMM - Europe

Dollar hits three-week high on revived Fed rate hike expectations LONDON: The dollar rose to a three-week high against the euro and a basket of currencies on Wednesday on renewed expectations that the Federal Reserve could raise interest rates soon.U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline prices and rents rose, while other data showed housing starts and industrial production rebounded strongly, adding to the case for an early rate hike.U.S. interest rate futures moved to price ...

Markets - FXMM - Europe

Sterling hits 2-1/2-week high as ‘In’ camp leads in Brexit poll LONDON: Sterling hit a 2-1/2-week high against the euro on Wednesday after a poll showed the "In" campaign clearly in the lead ahead of the June 23 referendum on Britain's European Union membership.Worries that Britons could vote to leave the EU have weighed on the pound since late last year. Most economists reckon Brexit, as leaving the EU is known, would deal a blow to Britain's economy, and drive down the currency further.The latest poll, ...

Markets - FXMM - Europe

Rouble retreats on Fed rate hike expectations MOSCOW: The Russian rouble fell back on Wednesday as revived expectations of a rise in U.S. interest rates in the near future boosted the dollar and weakened global risk appetite.At 0810 GMT, the rouble was 0.7 percent weaker against the dollar at 65.14 and had lost 0.2 percent to 73.35 versus the euro.The dollar has rallied globally after U.S. economic data strengthened the case for the U.S. Federal Reserve to raise interest rates soon.The rouble ...

Markets - FXMM - Europe

Sterling hits 2-1/2-week high as poll eases Brexit fears LONDON: Sterling hit a 2-1/2-week high against the euro on Wednesday after a poll showed the "In" campaign clearly in the lead ahead of the June 23 referendum on Britain's European Union membership.Mixed data showing the employment rate in Britain at a record high but earnings excluding bonuses growing more slowly than expected nudged the pound down a little against a broadly stronger dollar, but it stayed up against the euro.By 0900 GMT sterling was ...