Friday, 19 December 2014

Currencies News

  • Australian dollar isn't done dropping, say analysts

    18:29 | 19/12/14
    Sydney Morning Herald
    Despite slumping to new four-year lows against the US dollar and also dropping against other currencies in the past days, the Australian dollar still hasn't troughed, analysts believe. On Friday, the currency took a breather from the previous session's ... more»
  • Indian rupee opens higher at 63.05 a dollar

    16:33 | 19/12/14
    The Indian rupee gained further in early trade on Friday. The currency has opened at 63.05 a dollar, up 6 paise compared to previous day's closing value of 63.11 a dollar. more»
  • China's yuan set for third biggest weekly fall in 2014

    16:33 | 19/12/14
    Economic Times
    "Some key technical levels on dollar/yuan are being broken on the topside and this is largely due to year-end positioning flows and after the recent rising streak in the last few months," said Dominic Bunning, senior FX strategist at HSBC in Hong Kong. more»
  • A Week Of Huge Selling In Korea And Taiwan Before Yellen Spoke

    15:48 | 19/12/14
    Barron's (blog)
    Since Halloween when Japan's central bank announced more asset buying, the yen has depreciated 4.4% against the won and 5.2% against the new Taiwan dollar. Since then, the iShares MSCI South Korea Capped ETF (EWY) fell 6% and the iShares MSCI ... more»
  • Euro Is 0.2% From 2-Year Low on ECB Bets; Yen Slides for 3rd Day

    14:07 | 19/12/14
    The euro was 0.2 percent from the lowest in more than two years against the dollar amid speculation the European Central Bank will expand stimulus measures as the Federal Reserve moves toward raising interest rates. more»
  • Yen edges down vs dollar, euro as sentiment improves; BOJ awaited

    13:11 | 19/12/14
    The dollar added 0.2 percent against the yen to buy 119.06 yen JPY=, while the euro tacked on 0.2 percent to 146.21 yen. EURJPY= The BOJ is widely expected to maintain its massive monetary stimulus at the conclusion of its two-day policy meeting later ... more»
  • Dollar rises on euro as Swiss franc drops

    12:15 | 19/12/14
    Channel News Asia
    NEW YORK: The US dollar on Thursday (Dec 18) advanced against the euro and the yen, while the Swiss franc tumbled after Switzerland's central bank introduced negative interest rates. more»
  • Sri Lankan rupee forwards end steady

    12:03 | 19/12/14
    Business Recorder
    Sri Lankan rupee forwards closed steady for a fourth straight session on Thursday, as the central bank's moral suasion forced banks to cap trading at 132.00 per dollar. more»
  • Lower Oil, Euro to Boost French Economy

    10:03 | 19/12/14
    Wall Street Journal
    PARIS—French economic growth will pick up slightly in the first half of 2015, as collapsing oil prices and a weaker euro amplify the impact of President François Hollande's tax cuts, national statistics agency Insee said Thursday. more»
  • How Disruptive Is Russia's Ruble Dive?

    09:37 | 19/12/14
    The combination of sliding oil prices and stiffening sanctions has contributed to an alarming plunge in Russia's ruble and the government's options for responding are dwindling, says Council on Foreign Relations Senior Fellow Robert Kahn. more»
  • Australian dollar bounces from 4.5 year lows

    08:30 | 19/12/14
    THE Australian dollar is higher, bouncing from the record lows it reached after the US Federal Reserve meeting. At 0630 AEDT on Friday, the local dollar was trading at 81.56 US cents, up from 81.35 cents on Thursday. more»
  • EMERGING MARKETS-Colombian peso, Mexican stocks skyrocket on Fed, oil

    08:30 | 19/12/14
    (Updates prices, adds Mexico markets, trader quote) By Asher Levine and Jean Luis Arce SAO PAULO/MEXICO CITY, Dec 18 (Reuters) - Colombia's peso closed sharply stronger on Thursday while Mexican stocks posted their biggest gain in over four years ... more»
  • Apple: Rouble value too volatile

    08:18 | 19/12/14
    Fiji Times
    By afternoon trade the rouble was flat with one dollar buying 68 roubles. Its all time low, set on Wednesday, saw one dollar buying as many as 79 roubles. Apple last month increased its prices in Russia by 20 per cent after the weakening rouble left ... more»
  • Here's why the most bearish Canadian dollar forecaster sees more declines

    07:33 | 19/12/14
    Financial Post
    “Our estimate is very close to a rule-of-thumb that can be derived from comments by the Bank of Canada, which would suggest that a 10 percent decline in oil prices leads to a 0.1 percentage point drag on growth. more»
  • Tourism Share Loss To Cuba 'Inevitable'

    07:28 | 19/12/14
    Bahamas Tribune
    #Showing what could happen to the Bahamas when Americans were allowed to freely travel to the US, Mr D'Aguilar recalled his recent vacation to south-east Asia. #There, a hotel sales manager in Laos told him that ... #“It adds one more destination in ... more»
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