07272016Wed
Last update: Wed, 27 Jul 2016 12pm

Markets - FXMM

Markets - FXMM - Australia

Australia, NZ dollars hold gains as commodities rally SYDNEY/WELLINGTON: The Australian dollar held firm on Wednesday after hitting a three-month top, while its New Zealand cousin reached the highest in over a year as a rally in global risk appetite lifted commodities and dented the Japanese yen.The Australian dollar was consolidating at $0.7590, having jumped 1.2 percent overnight to as far as $0.7650. The bounce recovered all the losses suffered in the wake of Britain's vote to leave the European Union.The gains were led by a pullback in the safe-haven yen, which saw the Aussie climb 3 percent on Tuesday to top out 80.34 yen. It was last at 79.25 and up from 76 at the start of the week.The Aussie was supported by gains in commodities, including a 6 percent jump in iron ore prices, as investors wagered that more policy stimulus was coming around the world.Likewise, the New Zealand dollar got as far as $0.7325 overnight, ...


Markets - FXMM - Asia

Yen pares losses as Tokyo rejects 'helicopter money' TOKYO: The yen pared some of its losses Wednesday as a Japanese official doused speculation that Tokyo was mulling so-called helicopter money to boost growth.Top government spokesman Yoshihide Suga said a report in Japan's Sankei newspaper that the government was considering direct money transfers was untrue.The term helicopter money tends to refer to stimulus that would be pumped straight into the economy -- such as into people's bank accounts -- rather than through the banking ...

Markets - FXMM - Asia

Yen pares losses as Tokyo rejects 'helicopter money' TOKYO: The yen pared some of its losses Wednesday as a Japanese official doused speculation that Tokyo was mulling so-called helicopter money to boost growth.Top government spokesman Yoshihide Suga said a report in Japan's Sankei newspaper that the government was considering direct money transfers was untrue.The term helicopter money tends to refer to stimulus that would be pumped straight into the economy -- such as into people's bank accounts -- rather than through the banking ...

Markets - FXMM - Asia

Yen recoups some losses, sterling firms TOKYO: The yen clawed back some of this week's losses in Asian trading on Wednesday, after it sank to 2-1/2-week lows reached this week as the prospects for more economic stimulus in Japan helped bolster risk sentiment.The dollar slipped 0.5 percent to 104.20 yen. On Tuesday, the greenback scaled a peak of 104.98 yen, its highest level since June 24. For the week, the dollar was still up about 3.6 percent against the yen.The euro ...

Markets - FXMM - Asia

China's yuan firms, central Bank suspected of intervening offshore  SHANGHAI: The yuan edged up against the dollar on Wednesday, and traders said the central bank was seen intervening in the offshore market to ease depreciation pressure on the Chinese currency.Traders said the market was little fazed by fears of a spike in regional political tensions after an international arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea.The People's Bank of China set the midpoint ...

Markets - FXMM - Asia

Sri Lankan rupee falls as foreign investors prefer new eurobonds COLOMBO: The Sri Lankan rupee fell on Tuesday on a lack of exporter dollar conversions and as foreign investors cut down on rupee bond buying in favour of a new higher-yielding sovereign debt, dealers said.Sri Lanka raised $1.5 billion in its first sale of dual-tranche eurobonds on Monday, although at a lower borrowing cost than initially expected, as yield-hungry global investors put in $6.6 billion in offers.The Sri Lankan rupee one-week forwards, which have been ...

Markets - FXMM - Middle East & Africa

South Africa's rand firmer on bets US rates will not rise JOHANNESBURG: South Africa's rand strengthened slightly against the dollar early on Tuesday, boosted, like other emerging market assets, by diminished expectations of U.S. rate hikes this year.The Top-40 futures index of the JSE securities exchange ticked up just 0.08 percent, suggesting the bourse would open flat at 0700 GMT.At 0645 GMT the rand traded 0.76 percent firmer at 14.3600 to the greenback compared with Monday's close.This is the strongest the rand has been since a ...