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Archive for the May 13, 2017

  • Most Southeast Asian stock markets were flat to lower on Friday, tracking broader Asian and Wall Street peers, while Thailand posted its fifth straight session of losses. Asian stocks slipped, tracking overnight losses on Wall

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    • News Desk
    • May 13th, 2017
    • Comments Off on Record close for Britain’s FTSE as AstraZeneca soars

    Britain's top share index set a record close on Friday, sealing its strongest week since December as pharmaceutical stock AstraZeneca rose on a positive drug trial and broker upgrades buoyed individual firms. The blue chip

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  • The dollar traded below an eight-week high against the yen on Friday, with the near-term focus on whether coming US economic data would provide the catalyst for further gains in the greenback. The dollar eased

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    • News Desk
    • May 13th, 2017
    • Comments Off on Dollar heads for strongest week this year in Europe

    The dollar traded near a three-week high on Friday, on track for its strongest week this year, after strong data bolstered expectations that the Federal Reserve will raise interest rates again in June. A rally

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    • News Desk
    • May 13th, 2017
    • Comments Off on Early trade in NY: Dollar slips after weaker-than-expected US inflation

    The US dollar fell on Friday, easing from a roughly two-month high against the yen touched in the prior session and slumping against the euro, after weaker-than-expected US economic data raised doubts about whether the

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    • News Desk
    • May 13th, 2017
    • Comments Off on Dollar weakens against yen in New York

    The dollar fell for the first time in five days against the yen on Thursday, as investors consolidated recent gains, with concerns related to the fallout of US President Donald Trump's unexpected dismissal of Federal

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  • China's yuan firmed against the US dollar on Friday after the central bank fixed a stronger midpoint, while easing liquidity pressure in the money market had minimal impact, traders said. China's central bank injected fresh

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    • News Desk
    • May 13th, 2017
    • Comments Off on Asian currencies recover on dollar profit-taking

    Most of the Asian currencies edged up on Friday, trimming their losses on the week, as traders took profits in the dollar. The dollar index, up nearly 1 percent for the week, was set for

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  • The Sri Lankan rupee ended slightly firmer in dull trade on Friday due to mild dollar selling by exporters. Rupee forwards were active, with the spot-next ending at 152.55/65 per dollar, compared with Tuesday's close

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    • News Desk
    • May 13th, 2017
    • Comments Off on Sterling set for first weekly loss in four

    Sterling was set for its first weekly loss in four against the dollar on Friday after the Bank of England showed no sign of leaning more towards raising interest rates before the start of Brexit

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