02122016Fri
Last update: Fri, 12 Feb 2016 06am

Markets - FXMM

Markets - FXMM - Middle East & Africa

South Africa's rand weakens on China data, stocks open firmer JOHANNESBURG: South Africa's rand edged weaker against the dollar on Monday as further signs of economic weakness in China and a fall in oil prices kept investors on guard, but traded below the psychological level of 16.00.Stocks climbed, with the blue-chip Top-40 up 0.30 percent and the broader All-Share index up at the same margin.The rand edged down 0.16 percent to 15.9100 per dollar by 0900 GMT, compared with its New York close on Friday.The currency edged below the psychological level of 16.00 to the dollar for the first time since Jan. 7, buoyed by a central bank rate hike and improved global risk sentiment.Monday's batch of economic data from China added to worries about the health of the world's second-largest economy.Activity in Beijing's manufacturing sector contracted below expectations at its fastest pace in almost three-and-a-half years in January.Analysts said this could increase calls for more policy easing from China ...


Markets - FXMM - Asia

Yen loses further ground after surprise BoJ stimulus move TOKYO: The yen sank again Monday, extending losses after the Bank of Japan unveiled shock stimulus last week, while emerging currencies took a hit as weak China manufacturing figures stirred worries about the world's number two economy.Japan's central bank on Friday announced it would adopt a negative interest rate policy, meaning it would effectively start charging commercial lenders to park their cash with it.The move -- intended to ramp up lending in order to kickstart ...

Markets - FXMM - Middle East & Africa

Egyptian pound steady at forex sale, stronger on black market CAIRO: The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but strengthened on the black market.Egypt, which depends on imports for its food and energy, is facing a foreign currency crisis and authorities are under increasing pressure to devalue the pound.But the central bank surprised markets when it strengthened the pound by 20 piasters in November and has held it steady ever since.The central bank sold $39.1 million ...

Markets - FXMM - Asia

Sri Lankan rupee steady amid importer dollar demand, outflows COLOMBO: The Sri Lankan rupee ended steady on Thursday amid importer dollar demand and some foreign outflow from t-bonds, but banks were reluctant to trade below the 144.00 level desired by the central bank, dealers said."There was demand for dollars. We have also seen some foreign investors selling bonds," a dealer said asking not to be named. Another dealer said there was importer dollar demand and nobody was trading the spot rupee below 144.00.The spot ...

Markets - FXMM - Middle East & Africa

Kenyan shilling flat against the dollar NAIROBI: The Kenyan shilling was steady against the dollar on Thursday, mainly due to weak demand for the US currency.The main share index edged up.At the 1330 GMT close of trading, commercial banks posted the shilling at 102.20/30 per dollar, unchanged from the previous day's close."There's no (dollar) demand in the market," said a trader with a commercial bank.The shilling has been stable this year after weakening 11 percent last year.Copyright Reuters, 2016

Markets - FXMM - Americas

Dollar falls as US durable goods undershoot forecast NEW YORK: The dollar hit a one-week low against the euro on Thursday as a plunge in U.S. durable goods orders supported the view of a U.S. economic slowdown on softer global demand.The well-below-expectation reading in durable goods orders, which plunged 5.1 percent last month, raised the prospects of a weaker U.S. gross domestic product reading, due on Friday. Economists polled by Reuters had anticipated only a 0.6 percent drop in durable goods."This is a ...

Markets - FXMM - Americas

C$ rallies to a 3-week high as oil prices surge TORONTO: The Canadian dollar rallied to a three-week high against its US counterpart on Thursday as crude oil prices rose, while the potential for a US Federal Reserve rate hike in March was not aided by weaker-than-expected US data.Oil rose above $34 per barrel, supported by the possibility that major producers may cooperate to cut production.New orders for long-lasting US manufactured goods tumbled 5.1 percent in December, the latest sign that economic growth weakened significantly ...