Friday, 31 March 2017

Currencies News

  • Weakened yuan takes $1.6 bln shine off Chinese airlines' profits

    02:18 | 31/3/17
    China's three largest airlines miss analyst expectations * Hit by 6.6 percent depreciation of yuan in 2016 * Benefits of low oil price also beginning to fade (Recasts, adds context, analyst comment) By Brenda GohSHANGHAI, March 30 (Reuters) - China's ... more»
  • Australian dollar latest: GBP/AUD close to 8-day low as Merkel focuses on Brexit

    02:18 | 31/3/17
    The pound experienced volatility against currencies like the Australian dollar, US dollar and euro yesterday as Theresa May's UK-EU Ambassador Sir Tim Barrow hand-delivered her signed letter to European Council President Donald Tusk to kick start ... more»
  • Egypt expects inflation to start easing by December — minister

    01:56 | 31/3/17
    Egypt expects inflation to start easing by November or December, a year after abandoning its currency peg and seeing prices soar as the Egyptian pound lost half its value, Finance Minister Amr Al Garhy said on Thursday. more»
  • Euro Lower as Sentiment Shifts

    01:56 | 31/3/17
    Sentiment seems to have shifted against the common currency Euro after the release of regional inflation data from Saxony, Germany helped to push the Euro lower versus the US Dollar. Similarly, data released earlier today from the European Commission ... more»
  • Euro bulls just got a wake-up call from the ECB

    01:45 | 31/3/17
    “We're seeing a correction from a rise in the euro that was maybe a little bit exaggerated. So I'm not surprised we're seeing consolidation, but I don't think this consolidation goes very far. more»
  • British Pound is Today's Best Performer on Positioning Unwind + Great Repeal ...

    01:37 | 31/3/17
    Pound Sterling Live
    Shaun Osborne at Scotiabank notes GBP's greatest near-term risk is to the upside, “likely centred around positioning as we consider the sizeable CFTC short suggesting extensive bearish sentiment. more»
  • Canadian Dollar is a Convincing Buy

    01:33 | 31/3/17
    Pound Sterling Live
    The Canadian Dollar (Loonie) is highly correlated with oil because it is the country's greatest export and so a rise in the price of the latter tends to support the former. more»
  • Update On The Euro

    01:33 | 31/3/17
    Seeking Alpha
    The euro currency has been in a long-term bear market against the U.S. dollar since 2008 when the sovereign debt crisis caused the currency to tumble in value. more»
  • Russian ruble hits 18-month high

    01:27 | 31/3/17
    The Russian ruble climbed on Thursday to its strongest level against the dollar in 18 months, as relatively high domestic interest rates attracted foreign investors to Russian assets. more»
  • S.Africa's rand claws back losses; political uncertainty dashes rate cut hopes

    01:22 | 31/3/17
    JOHANNESBURG, March 30 South Africa's rand and bonds recouped losses on Thursday in volatile trade over jitters of the finance minister's sacking, while markets slashed bets of an interest rate cut on the rising political uncertainty in Africa's most ... more»
  • USD/CAD – Canadian Dollar Unchanged Ahead of US GDP

    00:03 | 31/3/17
    MarketPulse (blog)
    What's next for the Bank of Canada? On Tuesday, BoC Governor Stephen Poloz hinted that the BoC would not be raising interest rates in the near future, saying that the Canadian economy had not yet recovered from the huge drop in oil prices. He added ... more»
  • China pledges greater yuan flexibility as capital outflows ease

    23:52 | 30/3/17
    BEIJING China's foreign exchange regulator said on Thursday that pressure from capital outflows eased somewhat in 2016 and there will be greater flexibility in the yuan's exchange rate in 2017. Authorities have taken a raft of steps in recent months to ... more»
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