07242016Sun
Last update: Sun, 24 Jul 2016 01pm

Europe

Markets - FXMM - Europe

Nigeria's naira firms vs dollar in non-deliverable forwards market LONDON: Nigeria's naira rose against the dollar in the non-deliverable forwards (NDF) market on Wednesday, with the three-month contract quoting the currency as firm as 298, after hitting 324 in the previous session.The naira is entering its third day as a floating currency after the central bank ditched a 16-month old peg. It has fallen about a third from its previous fixed rate around 197 per dollar .NDFs, used by investors to lock in future exchange rates, indicated the naira at 290 in a month's time, converging towards the spot rate around 285 per dollar.Three-month NDFs quoted the currency at 305, after earlier touching 298, but well off the previous day's levels .Copyright Reuters, 2016 ...

Markets - FXMM - Europe

Sterling and euro firm ahead of Brexit vote LONDON: Sterling and the euro inched higher on the last day of campaigning before Britain's referendum on EU membership, the pound trading just off its highest this year after a swing in polls towards the "In" camp this week.Most analysts still see the vote as too close to call and the mood remains shaky among financial investors worried that Britain's departure from the 28-country bloc could derail growth and spell trouble for banks and a ...

Markets - FXMM - Europe

Rouble flat as Brexit fears balance higher oil price MOSCOW: The Russian rouble was little changed on Wednesday, edging up against the dollar but down against the euro, as nerves about Britain's European Union referendum counteracted a higher oil price. At 0730 GMT, the rouble was 0.1 percent stronger against the dollar at 63.66 but was down three kopecks at 71.79 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 0.8 percent at $51 a barrel, after American Petroleum ...

Markets - FXMM - Europe

Sterling near 2016 highs on expectations Britain will stay in EU LONDON: Sterling climbed to its highest since early January against the dollar on Tuesday, after opinion polls suggested the campaign to keep Britain in the European Union was edging back into the lead.Two opinion polls on Monday indicated the "Remain" camp has regained some ground before Britain holds its June 23 referendum on whether to remain a member of the EU. However, a third poll found the "Leave" campaign ahead by a whisker.The implied probability ...

Markets - FXMM - Europe

Sterling surges to 5-1/2-month high as Brexit fears ebb LONDON: Sterling hit its highest level against the dollar since the start of the year on Tuesday, having posted its biggest one-day rise since 2008 in the previous session, as worries that Britain could vote to leave the European Union on Thursday ebbed.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 ...

Markets - FXMM - Europe

Zloty firms, forint idle before Hungary rate decision  BUDAPEST: The Polish zloty added to this week's gains in early trade on Tuesday as market nerves over a possible Brexit eased, while Hungary's forint was idle ahead of a monthly central bank rate meeting.At 0751 GMT, the zloty was 0.07 percent stronger versus the euro, showing the biggest move among central European currencies. Shares in Prague and Budapest rose 0.3-0.2 percent, led by financial stocks.Analysts said any bigger moves in the zloty, the region's ...

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 ...