06302016Thu
Last update: Thu, 30 Jun 2016 06pm

Europe

Markets - FXMM - Europe

Nigerian naira firms in longer-dated NDF market LONDON: Nigeria's naira firmed against the dollar across longer-dated contracts in non-deliverable forward markets on Tuesday, following the introduction of a new foreign currency regime.One-year dollar/naira non-deliverable forwards were quoted at 344 - a 2 percent fall from the Monday's close. The nine-month contract matched that fall to venture as low as 332 per dollar while the six-month contract eased 3 percent to 320.On Monday, the central bank removed its currency peg in an effort to alleviate the chronic foreign currency shortages choking growth in Africa's biggest economy. Copyright Reuters, 2016 ...

Markets - FXMM - Europe

Sterling soars to seven-week high as Brexit fears recede LONDON: Sterling hit its strongest level against the dollar since early May on Tuesday, having the previous session posted its biggest one-day climb since 2008, as worries receded that Britain will vote to leave the European Union in two days' time.Two opinion polls on Monday suggested that the "Remain" camp had recovered some ground ahead of Thursday's referendum on EU membership, following the murder of a pro-EU lawmaker.And though a third poll put those wanting ...

Markets - FXMM - Europe

Sterling hits 7-week high on expectations Britain will stay in EU LONDON: Sterling hit a seven-week high against the dollar on Tuesday, getting a lift from recent opinion polls that have edged back in favour of the campaign for Britain to stay in the European Union and which has diminished appetite for safe-haven currencies. Two opinion polls on Monday showed that the "Remain" camp has recovered some ground in Britain's European Union referendum debate, but a third poll found those wanting to leave were ahead by ...

Markets - FXMM - Europe

Russian rouble steady; falling oil counters Brexit optimism MOSCOW: The Russian rouble was little changed early on Tuesday as a slight decline in oil prices was countered by risk appetite spurred by polls showing a reduced chance of Britain leaving the European Union. At 0739 GMT, the rouble was 0.3 percent stronger against the dollar at 64.11 and had gained less than 0.1 percent to 72.74 versus the euro.The Russian currency rose on Monday, in line with emerging market peers, as oil prices ...

Markets - FXMM - Europe

Sterling soars on fading Brexit worries LONDON: Sterling hit two-week highs on Monday and was on track for its biggest one-day rise in almost seven years against the dollar, as worries that Britain will vote to leave the European Union at a referendum on Thursday faded. Campaigning for the vote resumed on Sunday after a three-day hiatus prompted by the killing of a pro-EU lawmaker, with three opinion polls over the weekend showing the 'Remain' camp recovering some momentum, although the ...

Markets - FXMM - Europe

Sterling rallies as Brexit worries ebb, yen drops LONDON: Sterling jumped nearly 2 percent against a trade-weighted basket of currencies on Monday after opinion polls swung in favour of the campaign for Britain to stay in the European Union, boosting risk sentiment and sending the safe-haven yen tumbling. The implied probability of a "Remain" vote in Thursday's referendum rose to around 78 percent after falling as low as 60 percent last Thursday, according to odds from gambling website Betfair. Trade-weighted sterling rose 1.9 ...

Markets - FXMM - Europe

Sterling in biggest one-day gain for 7 years as Brexit fears ease LONDON: Sterling soared 2 percent against the dollar on Monday, putting it on track for its biggest one-day gain for more than seven years, as worries eased that Britain might vote to leave the European Union at a June 23 referendum.Campaigning for the vote resumed on Sunday after a three-day hiatus following the killing of a pro-EU lawmaker. Three opinion polls at the weekend showed the "Remain" camp gained momentum, but the overall picture was ...