01252017Wed
Last update: Wed, 25 Jan 2017 12am

Markets - FXMM

Markets - FXMM - Europe

Sri Lankan rupee closes lower on importer dollar demand COLOMBO: The Sri Lankan rupee closed weaker on Monday on importer dollar demand, as the market braced for declines in the local currency with the central bank raising the spot reference rate following a hike in US interest rates, dealers said. The US Federal Reserve raised interest rate by 25 basis points on Wednesday and signalled a faster pace of increases in 2017 as central bankers adapted to the incoming Donald Trump administration's promises of tax cuts, spending and deregulation. Rupee forwards were active with spot-next forwards closing at 149.60/80 per dollar, compared with Friday's close of 149.40/70. "There was importer dollar demand today, while we did not see usual year-end exporter sales," said a currency dealer, asking not to be named. On Thursday, the central bank increased the spot reference rate by 30 cents to 149.10, a day after raising it by 10 cents. The spot rupee was hardly ...


Markets - FXMM - Europe

'Trumpflation' trade keeps dollar near 14-year highs LONDON: The dollar steadied close to its highest levels in 14 years on Monday, underpinned by expectations that a fiscal expansion planned by US President-elect Donald Trump will boost inflation and lead to a faster pace of interest rates hikes. The greenback surged to its highest since January 2003 against a basket of currencies last week and threatened parity with the euro, after the US Federal Reserve hinted that rates could rise as many as ...

Markets - FXMM - Middle East & Africa

Ugandan shilling stable on inflows from charities, commodity exporters KAMPALA: The Ugandan shilling was stable on Monday, helped by hard currency inflows from non-governmental organisations and commodity exporters. At 1140 GMT commercial banks in the capital Kampala quoted the shilling at 3,585/3,595, unchanged from Friday's close. Copyright Reuters, 2016

Markets - FXMM - Americas

Yen jumps as Russian ambassador to Turkey dies in attack NEW YORK: The yen jumped on Monday on safe-haven bids after the Russian ambassador to Turkey was shot to death in the Turkish capital, adding to buying of the Japanese currency to book profits on dollar's recent gains.It was not immediately clear who attacked Andrei Karlov at an art gallery in Ankara. Islamic State militants have been active in Turkey and carried out several bomb attacks there.Currency traders typically move into the yen from the ...

Markets - FXMM - Europe

Pound slips further on uncertainty over Brexit transition LONDON: Britain's pound slipped half a percent against the dollar on Monday, adding to two straight weeks of losses, amid uncertainty around how Britain will help businesses manage the exit from the European Union. Trade minister Liam Fox said on Sunday Britain may need a transitional agreement to bridge the gap for firms during negotiations with the EU, but it should not "buy back" into too many of the bloc's regulations.Meanwhile, the Financial Times reported ...

Markets - FXMM - Europe

Russian rouble rises on higher oil price, weaker dollar MOSCOW: The Russian rouble strengthened early on Monday, lifted by higher oil prices and a weaker U.S. dollar.At 0729 GMT, the rouble was 0.5 percent stronger against the dollar at 61.78 and had gained 0.3 percent to trade at 64.65 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 0.5 percent at $55.5 a barrel in anticipation of tighter global crude supply following a recent decision by OPEC and other ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on mild importer dollar demand COLOMBO: The Sri Lankan rupee slipped on Monday on mild importer dollar demand, as the market braced for declines in the local currency with the central bank raising the spot reference rate following a hike in U.S. interest rates, dealers said.The U.S. Federal Reserve raised interest rate by 25 basis points on Wednesday and signalled a faster pace of increases in 2017 as central bankers adapted to the incoming Donald Trump administration's promises of tax ...