07012016Fri
Last update: Fri, 01 Jul 2016 09am

Americas

Markets - FXMM - Americas

Sri Lankan rupee forwards weaker on importer dollar demand COLOMBO: Sri Lankan rupee forwards fell on Monday due to dollar demand from importers amid fears the currency could weaken further if the government increases spending following the country's worst natural disaster since 2004, dealers said.Dollar/rupee forwards, known as spot next, were at 147.80/148.00 per dollar, weaker compared with Friday's close of 147.55/60.Spot next, which acts as a proxy for the spot currency, indicates the exchange rate for the day following conventional spot settlement, which is three days ahead for Monday's trade."There is importer (dollar) demand," a currency dealer said.Another dealer said the downward pressure on the rupee would persist despite expected inflows."We do not expect the rupee to appreciate sharply in the event of inflows from loans as the government has expected."The spot currency did not trade on Monday.The spot rupee reference rate has been pegged at 145.75, dealers said. Sri Lanka's central bank had fixed the spot rate ...

Markets - FXMM - Americas

C$ weakens as oil dips, Yellen bolsters US rate hike bets TORONTO: The Canadian dollar weakened against its broadly firmer US counterpart on Friday as oil prices fell and after a speech by Federal Reserve Chair Janet Yellen bolstered the case for a US interest rate hike this summer.The US dollar strengthened against a basket of major currencies after Yellen said the Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated.The loonie ...

Markets - FXMM - Americas

Dollar gains before Yellen speech NEW YORK: The dollar index rose on Friday, on track for its strongest monthly performance since last November, before US Federal Reserve Chair Janet Yellen is due to speak and as investors anticipate rate increases in coming months. Investors are focused on Yellen's speech for any new signals that the US central bank is close to raising interest rates, after numerous Fed officials in recent weeks have talked up expectations that an increase may be ...

Markets - FXMM - Americas

Latam currencies slip ahead of Yellen speech SAO PAULO: Most Latin American currencies slipped on Friday as traders awaited possible hints about the timing of a US interest rate increase from Federal Reserve Chair Janet Yellen.She is due to speak at an event hosted by Harvard University at 17:15 GMT (1:15 p.m. ET).Several Fed policymakers have stressed recently that market expectations for the pace of rate hikes this year could be too pessimistic."Yellen may corroborate the hawkish tone adopted by Fed policymakers ...

Markets - FXMM - Americas

Dollar highest in two months as Yellen sees rate hike possible NEW YORK: The US dollar index hit two-month highs on Friday after Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months. In remarks in Boston, Yellen said a rate increase in the coming months "would be appropriate," if the economy and labor market continue to improve. "She didn't say no, the market took that as a positive sign for the dollar," said Boris Schlossberg, managing director ...

Markets - FXMM - Americas

Argentina's peso firms to 4-month high as farmers seek pesos BUENOS AIRES: Argentina's peso climbed to a four-month high on Friday as farmers sought to exchange dollars received from the sale of their soy harvest for pesos, despite efforts by the central bank to limit the currency's climb. The peso closed at 13.91 per dollar, up 0.65 percent over Thursday's close and strenthening 0.86 percent this week. Center-right President Mauricio Macri allowed the peso to float after taking office in December, spurring a slide in ...

Markets - FXMM - Americas

Euro gains on dollar for second day NEW YORK: The euro pushed higher against the US dollar for a second day Thursday even as odds appeared to rise for a Federal Reserve rate hike in the next few months.The euro's gain remained modest. The common currency bought $1.1194, up from $1.1154 Wednesday.The greenback also slipped to 109.76 yen from 110.21 yen.The picture for higher US rates rose as better-than-expected data on the US industrial sector, home building and the jobs market combined ...