08272016Sat
Last update: Sat, 27 Aug 2016 08pm

Americas

Markets - FXMM - Americas

Sri Lankan rupee falls slightly on importer dollar demand; stocks down COLOMBO: The Sri Lankan rupee edged down on Friday due to importer dollar demand a day after the central bank surprisingly raised key policy rates, dealers said.After market hours on Thursday, the central bank raised its main interest rates by 50 basis points each in a surprise move aimed at curbing stubbornly high credit growth that is adding to concern about inflationary pressures.The central bank governor said on Friday the nation's economy can still grow 5 percent or slightly faster this year even after increases in monetary policy rates.One-week rupee forwards, which have been acting as a proxy for the spot rupee, were at 146.15/30 per dollar at 0612 GMT, slightly weaker than Thursday's close of 146.10/25.The spot rupee is tightly managed by the central bank, and market participants use the forward market levels for guidance on the currency."There is no impact of the rate hike. Technically, the currency should ...

Markets - FXMM - Americas

Euro rises slightly in wake of US Fed NEW YORK: The euro rose slightly against the dollar on Thursday, a day after the US central bank left interest rates untouched but signaled cautious optimism.At 2100 GMT, the euro stood at $1.1076, down from $1.1119 during the day's trading but slightly up from $1.1062 on Wednesday.The dollar stabilized against the yen at 116.65 versus 116.49 late Wednesday. The Bank of Japan is due to wrap up a policy meeting on Friday as markets await ...

Markets - FXMM - Americas

C$ resilient to oil fall as Fed weighs on greenback TORONTO: The Canadian dollar firmed against the greenback on Thursday as its US counterpart was pressured after the Federal Reserve stopped short of signaling an imminent US interest rate hike, while investors eyed domestic economic data due on Friday.The loonie, as the Canadian currency is colloquially known, has held relatively firm against the falling price of oil, a major Canadian export, this week as currency markets focus on global central bank moves."Despite oil moving down ...

Markets - FXMM - Americas

Dollar weakens as Japan takes back focus from Fed NEW YORK: The US dollar weakened on Wednesday after the Federal Reserve's statement was seen as increasing the possibility of a September rate hike, but not strongly pointing towards one, and as investors turned attention back to the Japanese central bank meeting on Friday. Fed policymakers kept interet rates unchanged and said they continued to monitor inflation data and global economic and financial developments, but indicated less worry about possible shocks that could push the ...

Markets - FXMM - Americas

Yen slips as central banks' views leave stocks mixed NEW YORK: The yen eased against the dollar on Wednesday after Japan unveiled a surprisingly large $265 billion stimulus package, while US equity markets mostly declined following the Federal Reserve's decision to leave interest rates unchanged. The Fed said at the end of a two-day meeting of its policy-setting Federal Open Market Committee that near-term risks to the US economy had diminished, a view that could open the door to a resumption of monetary policy ...

Markets - FXMM - Americas

Dollar falls against euro, yen, as policy makers meet WASHINGTON: The US dollar dropped slightly against the euro and the yen on Tuesday, as policy makers in Washington and Tokyo prepared to release decisions on interest rates.At 2100 GMT, the euro bought $1.0986, down from $1.0993 on late Monday despite having gained in early trading.The European currency dropped markedly against the yen, fetching 114.96 yen versus 116.32 yen the day before. The dollar also weakened against the yen, falling to 104.62 from 105.82.The US ...

Markets - FXMM - Americas

C$ gains after touching weakest in nearly 4 months TORONTO: The Canadian dollar gained against the US dollar on Tuesday after touching its lowest level in nearly four months, as currency markets braced for a policy update from the US Federal Reserve.The Canadian dollar ended at C$1.3189 to the greenback, or 75.82 US cents, stronger than the Bank of Canada's official Monday close of C$1.3220, or 75.64 US cents.The currency's weakest intra-day level was C$1.3244, its lowest level since late March."People are getting back ...