07012016Fri
Last update: Fri, 01 Jul 2016 06pm

Markets - FXMM

Markets - FXMM - Asia

Sri Lankan 1-wk rupee forwards down on importer dollar demand; stocks up COLOMBO: Sri Lankan one-week rupee forwards fell on Tuesday due to importer dollar demand a day after Moody's revised down its outlook on the country's sovereign rating, dealers said.The local currency was also under pressure due to lack of exporter sales, while moral suasion by the central bank prevented spot trade, they added.Moody's Investors Service on Monday affirmed the government's foreign currency issuer and senior unsecured sovereign ratings at B1 and changed the outlook to negative from stable, citing further weakening in some fiscal metrics in an environment of subdued GDP growth which could lead to renewed balance of payments pressure.One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee in the absence of trade in three-day forwards on Tuesday, were at 147.30/50 per dollar at 0557 GMT, weaker than Monday's close of 146.75/147.10."The (dollar) demand is there. More than that exporters are not selling dollars," ...


Markets - FXMM - Middle East & Africa

Fading Brexit fear fuels rand rise, keeps risk appetite intact JOHANNESBURG: South Africa's rand extended three days of gains against the dollar on Tuesday, as cautious optimism that Britons would vote to stay in the European Union kept global risk appetite intact. By 0701 GMT the rand was trading at 14.8200 versus the greenback, up slightly from its New York close of 14.8470.The currency had hit 14.7600, adding to Monday's strong gains, as investors bet that a June 23 referendum would not result in Britain ...

Markets - FXMM - Asia

Surging pound stumbles as Brexit vote draws closer TOKYO: The pound slipped on Tuesday after its best one-day gain since the 2008 global financial crisis, with Britain's nailbiting vote on its future in the European Union just days away.Polls suggest the race is tight and could go either way when Britons cast their ballot in an historic vote on Thursday that will decide whether the country stays or leaves the 28-member EU.The pound has been on a see-saw as the referendum approaches, with ...

Markets - FXMM - Europe

Sterling hits 7-week high on expectations Britain will stay in EU LONDON: Sterling hit a seven-week high against the dollar on Tuesday, getting a lift from recent opinion polls that have edged back in favour of the campaign for Britain to stay in the European Union and which has diminished appetite for safe-haven currencies. Two opinion polls on Monday showed that the "Remain" camp has recovered some ground in Britain's European Union referendum debate, but a third poll found those wanting to leave were ahead by ...

Markets - FXMM - Europe

Russian rouble steady; falling oil counters Brexit optimism MOSCOW: The Russian rouble was little changed early on Tuesday as a slight decline in oil prices was countered by risk appetite spurred by polls showing a reduced chance of Britain leaving the European Union. At 0739 GMT, the rouble was 0.3 percent stronger against the dollar at 64.11 and had gained less than 0.1 percent to 72.74 versus the euro.The Russian currency rose on Monday, in line with emerging market peers, as oil prices ...

Markets - FXMM - Middle East & Africa

South Africa's rand, stocks firmer as easing Brexit risk buoys EM JOHANNESBURG: South Africa's rand strengthened as much as 2.5 percent against the dollar on Monday, buoyed along with other emerging market currencies by lessening fears of Britain voting to leave the European Union. Stocks were also up on the day, with the benchmark Top-40 index gaining 1.6 percent, while the all-share index added 1.4 percent. The rand rallied to a session high of 14.8155/dollar, its strongest in more than a week according to Thomson Reuters ...

Markets - FXMM - Europe

Sterling soars on fading Brexit worries LONDON: Sterling hit two-week highs on Monday and was on track for its biggest one-day rise in almost seven years against the dollar, as worries that Britain will vote to leave the European Union at a referendum on Thursday faded. Campaigning for the vote resumed on Sunday after a three-day hiatus prompted by the killing of a pro-EU lawmaker, with three opinion polls over the weekend showing the 'Remain' camp recovering some momentum, although the ...