06262016Sun
Last update: Sun, 26 Jun 2016 04am

Markets - FXMM

Markets - FXMM - Asia

Sterling rallies as polls favour Britain remaining in EU, yen sags TOKYO/SYDNEY: Sterling rallied on Monday as opinion polls swung in favour of British voters opting to remain in the European Union at this week's referendum, underpinning risk sentiment and sending the perceived safe-haven yen tumbling.The pound climbed 1.6 percent to $1.4589, extending a recovery from last Thursday's more than two-month trough of $1.4013.It jumped more than 2 percent to 152.65 yen, pulling well away from a three-year trough around 145.34 set on Thursday.Investors took heart after three of six opinion polls published over the weekend showed a shift towards keeping Britain in the EU, but the June 23 vote still looked too close to call."The poll findings will resonate today, likely seeing further advances for sterling, some renewed weakening in the yen and a firmer Australian dollar," said Ray Attrill, global co-head of FX strategy at National Australia Bank.Even before the latest polls, data from the Commodity Futures Trading Commission ...


Markets - FXMM - Australia

Australia, NZ dollars rise as Brexit anxiety eases slightly SYDNEY/WELLINGTON: The Australian and New Zealand dollars rose against the greenback and yen on Monday, underpinned by improved risk appetite as momentum swung towards Britain remaining in the European Union ahead of this week's referendum.Three opinion polls before Thursday's vote showed the 'Remain' camp gaining some traction, although the overall picture remained one of an evenly split electorate."If the UK does remain within the EU then we assume a risk-on vibe will dominate markets, to ...

Markets - FXMM - Asia

India markets fall after RBI Rajan's surprise move to quit in Sept NEW DELHI/MUMBAI: India's rupee slipped to its weakest in nearly a month, while stocks fell and bond yields rose after central bank governor Raghuram Rajan's surprise announcement over the weekend that he would quit after his term ends in September.The central bank was spotted selling dollars to curb the fall in the local currency, three traders said.The rupee was trading at 67.47 to the dollar at 0404 GMT, after hitting 67.70 to the dollar, its ...

Markets - FXMM - Asia

China's yuan firms as dollar falls, eyes on Britain's EU referendum SHANGHAI: China's yuan strengthened versus the dollar on Monday, buoyed by a fall for the greenback in global markets, while the coming referendum in Britain on remaining in the European Union kept Chinese investors nervous.The dollar index slumped 0.7 percent in Asian morning trade as sterling rallied, with momentum swinging in favour for Britain to remain in the EU days ahead of Thursday's vote."Investors are nervous not to make a wrong bet," said a senior ...

Markets - FXMM - Asia

Pound extends rally in Asia as Brexit fears ease TOKYO: The pound extended its rally in Asian trade Monday as investors swung their bets to Britain voting to remain in the European Union this week.Long-running fears of a pro-Brexit vote on June 23 had been hammering the British currency and became heightened in recent weeks as the "Leave" campaign pulled ahead in the polls.On Monday, the pound gained as the first poll taken after the murder of pro-European Union lawmaker Jo Cox suggested the ...

Markets - FXMM - Europe

Sterling hedging costs hit record highs as Brexit vote looms LONDON: The cost of hedging against sharp swings in sterling over the next week rose to a record high on Friday as the contract rolled over to capture the date for Britain's vote on whether to stay in the European Union. In the spot market, sterling recovered from 10-week lows against the dollar as both sides suspended their campaigns after a pro-European Union British lawmaker was killed on Thursday. Some analysts said the killing of ...

Markets - FXMM - Middle East & Africa

Nigeria's naira to lose up to a third of its value on Monday after float JOHANNESBURG: Nigeria's naira will lose around a third of its value after the central bank floats the currency and adopts a new market-driven trading regime on Monday, a Reuters poll found. The naira has been pegged at 197 to the US dollar for the past 16 months but the currency trades at around 355 on the parallel market as a slump in oil revenues has hammered public finances and foreign currency reserves. On Wednesday the ...