12082016Thu
Last update: Thu, 08 Dec 2016 05am

Asia

Markets - FXMM - Asia

Sri Lankan rupee firmer after IMF loan COLOMBO: The Sri Lankan rupee ended firmer on Monday as exporter dollar sales surpassed early greenback demand from importers on worries capital outflows would increase as incoming US President Donald Trump's policies were seen guiding US rates higher and strengthening the dollar. Foreign investors might pull out of emerging markets, including Sri Lanka, if the Fed raises interest rates next month, dealers said.The International Monetary Fund (IMF) released a second tranche of loans worth $162.6 million and said Sri Lanka's macroeconomic and financial conditions have begun to stabilise.Pressure on the rupee is expected to ease on the IMF loan, with investors waiting to see what action the central bank would take after the loan money flows in, dealers said.Rupee forwards were active on Monday. The spot-next hit a low of 148.85 per dollar in early trade due to importer dollar demand but ended at 148.55/65, compared with Friday's close of ...

Markets - FXMM - Asia

Asia FX hit by rising dollar, US yields; ringgit at 13-month low SINGAPORE: Most emerging Asian currencies eased on Monday as the dollar stood tall on rising US Treasury yields and strengthening expectations for expansionary economic policies under a Trump administration.The Malaysian ringgit hit its weakest in more than 13 months. The central bank said on Friday night it would implement "prompt supervisory intervention" against individuals or banks who traded ringgit in the offshore non-deliverable forward (NDF) market or adopted its prices.China's yuan fell to a near ...

Markets - FXMM - Asia

China's yuan weakens to nearly 8-1/2 year lows  SHANGHAI: China's yuan weakened to near its lowest in 8 1/2 years on Monday, weighed down by the dollar's continuing strength as overseas investors bet the Trump administration will implement expansionary fiscal policies.The official midpoint guided by the People's Bank of China (PBOC) was set weaker for a 12th consecutive day at 6.8985 per dollar prior to market open on Monday, compared with the previous fix 6.8796.Khoon Goh, head of Asia research at ANZ Bank, ...

Markets - FXMM - Asia

Sri Lankan rupee falls on capital outflow fears COLOMBO: The Sri Lankan rupee ended weaker on Friday on persistent worries of capital outflows as incoming President Donald Trump's policies are seen aiding higher US interest rates and a strong dollar. Dealers said the central bank revised the spot preference to 147.95 per dollar from 147.75. Rupee forwards were active, with the spot-next traded at 148.90 in early trade before ending at 148.75/85 per dollar, compared with Thursday's close of 148.65/75. "The rupee was ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on capital outflow fears COLOMBO: The Sri Lankan rupee fell on Friday on persistent worries of capital outflows as incoming President Donald Trump's policies are seen aiding higher US interest rates and a strong dollar. Rupee forwards were active, with the spot-next trading at 148.70/95 per dollar, compared with Thursday's close of 148.65/75."The rupee is pressured although there is on and off dollar selling. Some foreign banks are buying dollars," said a currency dealer requesting anonymity."It looks there would ...

Markets - FXMM - Asia

Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets TOKYO: The dollar sprinted to a more than 13-1/2 year high against a basket of major currencies on Friday and US debt yields hit near one-year highs on expectations that President-elect Donald Trump's policies will boost the US economy. But the post-election shift in expectations has left many emerging market currencies and assets vulnerable if investors rotate more funds back to the United States.European shares were expected to open marginally higher, with spread-betters looking to ...

Markets - FXMM - Asia

Sri Lankan rupee closes little changed amid capital outflow worries COLOMBO: The Sri Lankan rupee ended little changed on Thursday amid persistent worries about capital outflows as incoming President Donald Trump's policies are seen aiding higher US interest rates and a stronger greenback, while dollar selling by a state-run bank helped to boost sentiment. The dollar index, which measures the greenback's strength against a basket of major currencies, touched a near 14-year high on Wednesday. Rupee forwards were active, with spot-next trading at 148.80/90 per ...