12032016Sat
Last update: Sat, 03 Dec 2016 03am

Markets - FXMM

Markets - FXMM - Asia

Sri Lankan rupee eases on importer dollar demand COLOMBO: The Sri Lankan rupee was slightly weaker on Tuesday on importer dollar demand and in line with declines in emerging market currencies that fell on investor fears that higher U.S. interest rates under incoming President Donald Trump would spark capital outflows from those markets.The weakness in the rupee also followed Sri Lanka's budget proposals on Thursday to revise corporate and withholding taxes to boost revenue and cut the 2017 fiscal deficit to 4.6 percent of the GDP from this year's 5.4 percent.Dealers also said a high-tax regime could put some pressure on the rupee.Rupee forwards were active, with spot-next forwards trading at 148.30/50 per dollar at 0526 GMT, compared with Friday's close of 148.00/10.One-week forwards were at 148.50/65 per dollar, weaker from Friday's close of 148.20/30.Markets were closed on Monday for a Buddhist religious holiday."The importer demand is there after the long weekend," a currency dealer said requesting anonymity."Globally, ...


Markets - FXMM - Asia

South Korean won slightly higher, stocks edge down; Park woes deepen SEOUL: The South Korean won ended a bit higher on Tuesday, recouping some of the losses from the past four sessions of decline as investors hunted for bargains.Political scandal at home still deepened, however, as reports said prosecutors summoned Lotte Group Chairman Shin Dong-bin, which if true would make him the latest head of a South Korean conglomerate to be questioned on the allegation of raising funds for foundations involving her friend, Choi Soon-sil.The won ...

Markets - FXMM - Europe

Dollar surges to 11-month high as bond rout persists LONDON: The dollar surged to an 11-month high against a basket of major currencies on Monday, resuming an upward track driven by US bond yields and expectations for higher inflation after Donald Trump's US election victory. China's yuan lost another third of a percent to fall to its weakest since before the launch of its offshore market in 2010, while the yen and the euro both sank by about another full percentage point to multi-month ...

Markets - FXMM - Americas

Mexico's peso weakens slightly in early trading on Monday MEXICO CITY: Mexico's peso weakened slightly in Monday morning trading, after the currency had its worst week since October 2008 with the victory of Donald Trump in the US election.The peso is the world's worst-performing currency this year, and hit record lows after the election of Trump, who has vowed to build a border wall with Mexico and renegotiate a key trade deal. The peso was erratic on Monday, switching from negative to positive territory, ...

Markets - FXMM - Americas

EMERGING MARKETS-Brazil real weakens for 4th day; Mexico peso up SAO PAULO: The Brazilian real weakened more than its peers on Monday as traders' concerns over the election of Donald Trump as US president drove investors to seek safer investments ahead of a local holiday.Other Latin American currencies were mixed after Trump softened his campaign pledges.Worries that heavy public spending could lead the US Federal Reserve to raise rates by more than expected triggered an emerging market selloff last week.The Brazilian real weakened 1 percent ...

Markets - FXMM - Europe

Sterling slips back below $1.25 as dollar rallies LONDON: Sterling fell around 1 percent against the dollar on Monday, as the greenback followed U.S. bond yields sharply higher across the board on expectations of a spike in inflation following Donald Trump's U.S. presidential election victory.The pound has just recorded its best fortnightly performance on a trade-weighted basis in eight years, with investors' focus having turned away from Brexit and towards political risks elsewhere.Italy has a constitutional referendum next month, French and German national ...

Markets - FXMM - Asia

Dollar climbs as US yields spike; Asia shares divided SYDNEY: The US dollar hit a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries.The reflation trade saw E-mini futures for the S&P 500 add another 0.5 percent and spread betters pointed to solid opening gains for the major European bourses.The dollar bounded above 107 yen in brisk trade to hit 107.43, ...