Markets - FXMM
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SINGAPORE: The Thai baht gained on Monday after the finance minister said he did not see immediate need to implement extra measures to curb the currency for now, but it gave up much of its initial rise on worries of official involvement and profit-taking.The Taiwan dollar hit a nine-week high and the South Korean won touched a one-month peak on demand from the countries' exporters for month-end settlements.The baht advanced as investors covered short-positions as Finance Minister Kittirat Na Ranong on Friday welcomed the baht's dips last week and said there was no need to impose measures at the moment to hold it down.But Kittirat said such action might be needed if the central bank does not cut interest rates, leaving investors vigilant for possible measures to stem the best-performing Asian currency so fvar this year."Investors tried to push dollar/baht down but quickly squared to make profits from here," said ...
LONDON: The euro rose against the dollar on Monday, lifted by the formation of a government in Italy, but was held in check by expectations of a rate cut by the European Central Bank.Demand for bonds from the more indebted euro zone countries helped buoy the currency after centre-left politician Enrico Letta took over as Italy's prime minister, ending a deadlock.The euro was up 0.5 percent on the day at $1.3095, with hedge funds cited ...
SINGAPORE: The euro rose against the dollar in Asia on Monday after data showed the US economy grew at a slower rate in January-March than forecast, while eyes are on a key Federal Reserve meeting, analysts said.The euro fetched $1.3049 in afternoon Asian hours from $1.3029 in late New York trade Friday, while the dollar was changing hands at 97.66 Japanese yen from 97.99 yen.The single European currency was at 127.44 yen from 127.76 yen ...
ZURICH: The Swiss franc strengthened against the dollar on Monday as traders continued to reduce their exposure to the greenback after data last week showed the US economy grew at a slower-than-expected pace in the first quarter.The greenback retreated after data on Friday showed US gross domestic product expanded at a 2.5 percent annual rate in the first quarter, falling short of market expectations for 3.0 percent growth.The Swiss currency has broadly tracked the euro ...
BUCHAREST: Romania aims to sell 3.7 billion lei ($1.1 billion) of leu currency bills and bonds in May on the domestic market, finance ministry data showed on Friday. That compares with 2.5 billion lei worth of bonds sold on the domestic market in April, plus 581 million euros in three-year bonds. In May, debt managers will sell 5-, 10- and 15-year leu-denominated bonds, as well as one-year treasury bills. Romanian domestic debt has rallied this ...
MUMBAI: The Indian rupee ended down on Friday, falling 0.8 percent for the week, dragged by month-end dollar demand from importers and weak equities.Weakness in local stocks, which snapped a four-day winning streak, to end 0.62 percent lower hurt the currency, dealers said.Continued month-end dollar demand from importers, particularly crude oil importers, had also been a drag on the rupee, they said.The focus now shifts to the central bank's rate setting meeting next week which ...More Articles...
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