09302016Fri
Last update: Fri, 30 Sep 2016 04pm

Markets - FXMM

Markets - FXMM - Europe

Sterling bounces back above $1.30 after worst week in 10 LONDON: Sterling staged a modest recovery on Monday after its worst week in 10, as traders bought back the currency after it fell below $1.30 for the first time in a month on Friday. The pound skidded more than 2 percent against the dollar last week after the Bank of England left the door open to a further cut in interest rates by the end of the year, and as investors worried that Britain's negotiations to leave the European Union could have a negative impact on the economy. But having touched $1.2999 on Friday, sterling climbed 0.4 percent on Monday to trade at $1.3055. Analysts said sterling still looked weak, however, and that its rebound was the result of the pyschologically important $1.30 having been reached rather than a news-driven move. "This is all about levels, I think. Sterling dipped below $1.30 and with a big level like that you ...


Markets - FXMM - Americas

Dollar Libor hits 7-year-plus peak before Fed meeting NEW YORK: A gauge of what banks charge each other to borrow dollars for three months rose on Monday to a more than seven-year high ahead of the US Federal Reserve's two-day policy meeting. The central bank is widely expected to hold short-term US interest rates in a target range of 0.25 percent to 0.50 percent at its meeting, which begins on Tuesday, while it is likely to leave the door open for a rate ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on importer dollar demand; stocks fall COLOMBO: The Sri Lankan rupee traded weaker on Monday as importer dollar demand surpassed selling of the U.S. currency by exporters, dealers said.The spot rupee was traded at 145.80/95 per dollar at 0625 GMT, slightly weaker from Thursday's close of 145.75/85. One-week forwards were at 146.05/20, compared with the previous close of 145.90/146.00.Markets were closed on Friday for a Buddhist religious holiday.The spot rupee is usually managed by the central bank and market participants use ...

Markets - FXMM - Europe

Rouble firms on oil, oblivious to parliamentary election results MOSCOW: The rouble opened stronger on Monday, capitalising on rising oil prices and disregarding Russia's parliamentary vote results showing that President Vladimir Putin-backed party will keep on ruling.At 0734 GMT, the rouble was 0.4 percent stronger against the dollar at 64.90 and gained 0.3 percent to trade at 72.43 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 1.4 percent at $46.42 a barrel.The results of Russia's parliamentary vote on ...

Markets - FXMM - Europe

Sterling stages mild recovery from 1-month low, outlook muddled LONDON: Sterling rose against a weaker dollar on Monday, although gains are still likely to be held in check by concerns about the uncertainty generated by Britain's vote to leave the European Union and expectations of more interest rate cuts in coming months.The Bank of England kept rates at record lows on Thursday but signalled that it would cut them again before the end of the year. It cut rates to 0.25 percent in early ...

Markets - FXMM - Asia

Dollar index may rise to 96.889 this week SINGAPORE: The dollar index may break a resistance at 96.225 and rise more to the next resistance at 96.889 this week, as suggested by its wave pattern and a Fibonacci projection analysis.These resistances are identified respectively as the 38.2 percent and the 50 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle from the May 3 low of 91.919. The cycle has been developing within a rising channel, ...

Markets - FXMM - Australia

Australian dollar near 1-week high; Fed and BOJ in focus SYDNEY/WELLINGTON: The Australian dollar traded near one-week highs on Monday as its U.S counterpart slipped with few expecting a Federal Reserve interest rate hike this week.A A$9.7 billion ($7.30 billion) sale of the Port of Melbourne to a group involving U.S. and Canadian players also boosted sentiment and underscored the strong appetite for Australian assets.The Australian dollar rose 0.57 percent to $0.7536, its highest level since Sept. 13. Traders are looking at a break above ...