09292016Thu
Last update: Thu, 29 Sep 2016 08pm

Markets - FXMM

Markets - FXMM - Europe

Yen edges up, mood still shaky after bond sell-off LONDON: The yen inched higher on Thursday with investors seeking safe havens as stock markets hit two month lows, although major currency pairs were otherwise little changed after the first of a batch of major central bank policy decisions.The Bank of Japan and U.S. Federal Reserve both meet next week after the Swiss National Bank and the Bank of England both held fire with any further moves to support growth or weaken their currencies on Thursday.The yen move came despite an easing of tensions on bond markets which have dominated the past week. Traders said sales of emerging market currencies by CTAs - largely model-based quantitative funds - continued to dominate trading by the bigger desks."Despite yesterday's stability in global bonds, FX seems to be trading risk-off," said Richard Benson, co-head of portfolio management at London-based currency fund Millennium Global."The problem with CTA money is that they are model-based so ...


Markets - FXMM - Asia

Sri Lankan rupee edges down; state bank dollar sales cap fall COLOMBO: The Sri Lankan rupee ended slightly weaker on Thursday as importer dollar demand surpassed sales of the U.S. currency by exporters and a state-run bank, dealers said.The spot rupee ended at 145.75/85 per dollar, compared with Wednesday's close of 145.70/85. One-week forwards closed at 145.90/146.00, compared with the previous close of 145.90/146.05.The spot rupee is usually managed by the central bank and market participants use the forward market levels for guidance on the currency."Importer ...

Markets - FXMM - Europe

Stocks sell off boosts yen, dollar supported by Fed rate hike talk LONDON: The safe-haven yen was the winner on Monday as investors sold stocks and riskier assets including commodities, but the dollar outperformed higher-yielding currencies on fresh talk of an interest rate hike by the Federal Reserve in the near term.The focus will be on Fed Governor Lael Brainard's speech later in the day. The timing of a speech by the Fed's most-noted dove, just before the Fed's Open Market Committee blackout period, is too much ...

Markets - FXMM - Europe

Sterling treads water as market awaits Fed rate hike clues LONDON: Sterling traded flat against the dollar on Monday after recording its first week of losses in four, as investors awaited comments from Federal Reserve officials for further clues on whether U.S. interest rates will be hiked soon.The dollar rallied on Friday, hitting a one-week high of $1.3239 against sterling, as bets that U.S. rates will rise this year - perhaps as soon as this month - were revived by hawkish comments from Boston Fed ...

Markets - FXMM - Asia

Dollar starts week on the back foot, risk aversion buoys yen TOKYO: The dollar began the week on the back foot on Monday as a bout of risk aversion underpinned the yen, though losses were limited as the U.S. currency garnered some support on renewed talk of a possible rate hike by the Federal Reserve as early as this month.The safe-haven yen benefited from a broad drop in equities, with Tokyo's Nikkei slipping to a two-week low. The dollar was down 0.3 percent at 102.445 yen, ...

Markets - FXMM - Asia

China's yuan firms after state banks sell dollars to stabilise currency  SHANGHAI: China's yuan firmed on Monday as state-owned banks sold dollars to keep the currency stable after the Chinese central bank sharply weakened its official fixing, two traders told Reuters.The People's Bank of China set the midpoint rate at 6.6908 per dollar prior to market open, the weakest since Aug. 31, and softer than the previous fix 6.6684.As the official guidance rate neared the psychologically-important threshold of 6.7 per dollar on Monday, traders said state-owned ...

Markets - FXMM - Asia

Dollar wins support on September rate hike hopes TOKYO: The dollar's rally against the euro and yen hit a wall Monday, but it rose against other Asia-Pacific currencies on renewed speculation that the Federal Reserve will hike interest rates this month.Greenback demand picked up Friday after Boston Fed President Eric Rosengren said higher rates were needed to prevent the economy from overheating, while normally dovish Governor Daniel Tarullo also signalled his openness to a 2016 rate hike."Rosengren's comments were nothing new compared to ...