Yield on 10-year government bond was at 7.668% compared to its Tuesday’s close of 7.673%. Photo: Reuters

Rupee weakens against US dollar ahead of RBI minutes

Yield on 10-year government bond was at 7.668% compared to its Tuesday’s close of 7.673%. Photo: Reuters Mumbai: The Indian rupee weakened further against the US dollar ahead of the Reserve Bank of India’s (RBI) minutes for the latest policy meeting due after 5pm on Wednesday. At 9.15am, the home currency was trading at 64.87, […]

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KLCI moves higher ahead of corporate earnings results

KLCI moves higher ahead of corporate earnings results

KUALA LUMPUR: The local bourse recovered from a brief breather in early morning trade to move higher amid positive performances in other regional markets. Bursa Malaysia was on tenterhooks as it awaited the release of earnings results from Corporate Malaysia over the remainder of the month, following the CNY holiday. At midday, the FBM KLCI […]

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Dollar Climbing Ahead Of Fed Minutes

Dollar Climbing Ahead Of Fed Minutes

WASHINGTON (Alliance News) – The dollar is up against all of its major rivals Tuesday afternoon. Traders are awaiting the release of the minutes from the latest Federal Reserve meeting tomorrow afternoon. Investors will be keeping an eye out for more signals about a possible rate hike in March. There were no US economic reports […]

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us dollar four hour chart

EUR/USD Back to Support as USD Stages Strength Ahead of FOMC Minutes

Talking Points: – This week’s economic calendar offers a couple of key releases of meeting minutes from past rate decisions, with FOMC minutes to be released on Wednesday and ECB meeting minutes released on Thursday. Later on Thursday, FX markets get a pivotal release of Japanese inflation for the month of January. – The US […]

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The Australian dollar is sliding ahead of today's key wage report

The Australian dollar is sliding ahead of today’s key wage report

The Australian dollar put in a mixed performance on Tuesday, falling against the greenback but rallying against most of major the crosses. Here’s the scoreboard as at 7.30am AEDT. AUD/USD 0.7878 , -0.0033 , -0.42% AUD/JPY 84.49 , 0.17 , 0.20% AUD/CNH 4.9953 , 0.0071 , 0.14% AUD/EUR 0.6386 , 0.001 , 0.16% AUD/GBP 0.5631 […]

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SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

Today, Coinbase — cryptocurrency exchange, brokerage, wallet, and operator of GDAX — and Hong Kong-based exchange Bitfinex have announced the implementation of P2SH Segregated Witness (SegWit). As per the companies’ tweets, users will experience improved transaction processing times and lower fees across the Bitcoin network. Our engineering team has finished testing of SegWit for Bitcoin […]

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TSX edges ahead in early trading; Canadian dollar drops

TSX edges ahead in early trading; Canadian dollar drops

 The Toronto stock market’s S&P/TSX composite index was up 19.69 points to 15,472.33 in midafternoon trading Tuesday. The Dow Jones industrial average was down 130.18 points to 25,089.20. The Standard & Poor’s 500 index was down 1.80 points to 2,730.42. The Nasdaq composite index was up 48.53 points to 7,288.00. The Canadian dollar was trading […]

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NSE gets Sebi's go ahead to launch cross currency derivatives

NSE gets Sebi’s go ahead to launch cross currency derivatives

Leading bourse National Stock Exchange (NSE) today received approval from markets regulator Sebi to introduce cross currency derivatives, a move that will give investors direct exposure to foreign currencies. Now, the exchange can introduce cross currency derivatives (future and options) on pairs such as Euro (EUR)-US Dollar (USD), Pound Sterling (GBP)-USD and USD-Japanese Yen (JPY), […]

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Euro US Dollar (EUR/USD) Exchange Rate Tumbles ahead of US FOMC Minutes

Euro US Dollar (EUR/USD) Exchange Rate Tumbles ahead of US FOMC Minutes

Hawkish US Fed Hopes Limit the Euro US Dollar (EUR/USD) Exchange Rate The Euro US Dollar (EUR/USD) exchange rate collapsed on Tuesday, tumbling as markets optimistically prepared for this week’s run of US Federal Reserve Policymaker speeches and tomorrow’s highly anticipated US Federal Open Market Committee (FOMC) meeting minutes. It would appear that the strong […]

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Sterling slips ahead of key wages numbers

Sterling slips ahead of key wages numbers

LONDON (Reuters) – Sterling fell against the dollar on Tuesday as the U.S. currency rebounded from recent lows, while traders said they were looking to crucial British earnings data due later this week that could help cement bets the central bank will hike rates in May. Bank of England Governor Mark Carney earlier this month […]

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GBP/JPY: Down to the 150 area amid Brexit worries, mixed markets

GBP/USD drops to 1.3960 ahead of Carney, fresh lows

Cable eased to sub-1.40 levels. USD stays bid so far today. Carney’s speech next on tap. The British Pound remains on the defensive so far on Monday and is now dragging GBP/USD back to sub-1.4000 levels, recording fresh daily lows at the same time. GBP/USD focused on Carney GBP is following south the rest of […]

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Sterling edges lower ahead of crucial wage data

Sterling edges lower ahead of crucial wage data

LONDON (Reuters) – Sterling edged lower against the dollar and euro on Monday, holding off 10-day highs hit last week, as traders awaited key wages data due later this week for clues to the pace of monetary tightening from the Bank of England. Markets have moved to price in an interest rate hike in May, […]

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UPDATE 1-Sterling edges lower ahead of crucial wage data

UPDATE 1-Sterling edges lower ahead of crucial wage data

* Graphic: World FX rates in 2018 * Graphic: Trade-weighted sterling since Brexit vote (Updates prices) By Jemima Kelly LONDON, Feb 19 (Reuters) – Sterling edged lower against the dollar and euro on Monday, holding off 10-day highs hit last week, as traders awaited key wages data due later this week for clues to the […]

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US Dollar re-test 90.00 and above on US CPI

USD rebounds ahead of FOMC minutes due this week

The U.S. dollar posted a rebound on Friday after briefly slipping sending most of the other major currencies to post fresh highs. However, the declines were short lived as the dollar managed to reverse the levels. The FOMC meeting minutes will be released on Wednesday and the markets are anticipating that the Fed could hike […]

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Asia AM Digest: US Dollar Recovers, Thin Liquidity Ahead

Asia AM Digest: US Dollar Recovers, Thin Liquidity Ahead

To get the Asia AM Digest every day, SIGN UP HERE The US Dollar advanced on Friday against all of its major counterparts and clocked in its first advance in one week. As expected, the move appeared corrective following a 4-day losing streak as traders probably engaged in some profit-taking ahead of the US long […]

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German carmakers in a spin ahead of diesel ban ruling

German carmakers in a spin ahead of diesel ban ruling

By Edward Taylor and Markus Wacket FRANKFURT/BERLIN (Reuters) – A court will decide on Thursday whether German cities can ban heavily polluting cars, potentially wiping hundreds of millions of euros off the value of diesel cars on the country’s roads. Environmental group DUH has sued Stuttgart in Germany’s carmaking heartland, and Duesseldorf over levels of […]

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