Currencies Foreign Exchange

  • 100 dollar bills

    The U.S. dollar hit an eight-day high against the yen on Thursday on reduced appetite for the safe-haven currency.

  • NEW YORK, Sept 29- The U.S. dollar hit an eight-day high against the yen on Thursday on reduced appetite for the safe-haven currency a day after OPEC agreed to cut oil output, while easing concerns surrounding the European banking sector helped the euro gain. OPEC agreed on Wednesday to modest oil output cuts in the first such deal since 2008, with the group's...

  • LONDON, Sept 29- Sterling slipped to trade around $1.30 on Thursday, on lingering expectations that the Bank of England might further ease monetary policy in coming months. Sterling was a tad weaker at $1.3005, having struck a five-week low of $1.2915 on Sept. 23, its lowest since mid-August. Investors worry that an exit from Europe's single market, triggered by the...

  • *Commodity currencies benefit from OPEC output cut deal. LONDON, Sept 29- The dollar hit an eight-day high against the safe-haven yen on Thursday after an OPEC deal to cut oil output spurred a move into riskier assets, though questions over the efficacy of the agreement left the greenback off its earlier highs. The currencies of oil-exporting countries such as...

  • LONDON, Sept 29- Sterling held steady above $1.30 on Thursday, supported by improved risk appetite in global markets, although expectations that the Bank of England might further ease monetary policy in coming months checked gains. Sterling was flat at $1.3025, having struck a five-week low of $1.2915 on Sept. 23, its lowest since mid-August.

  • *Commodity currencies benefit from OPEC output cut deal. LONDON, Sept 29- The dollar rose 1 percent against the safe-haven yen on Thursday to hit an eight-day high as investors moved into riskier assets following an OPEC deal to cut oil output. The currencies of oil-exporting countries such as Canada and Norway surged after the deal late on Wednesday, but were all...

  • TOKYO, Sept 29- The dollar extended gains versus the yen on Thursday, 1 percent on the day to 101.73 yen as the Japanese currency slipped on the back of recovery in risk appetite after OPEC unexpectedly agreed to trim production.

  • TOKYO, Sept 29- Japan's Nikkei share average rose more than 1 percent on Thursday as investors cheered a weakening yen and rallying oil prices after OPEC's surprise deal to trim crude output. The Nikkei stock index ended up 1.4 percent, or 228.31 points, at 16,693.71. The dollar and the euro each soared about 0.9 percent against the Japanese currency.

  • DOLLAR/YEN RISES 1 PERCENT ON DAY.

  • HONG KONG, Sept 29- Oil shares pulled regional stock markets higher on Thursday after OPEC members agreed to curb output in a surprise deal, though investors were wary of chasing markets higher as the U.S. presidential election neared. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.9 percent by mid-morning, thanks to a bounce in energy...

  • TOKYO, Sept 29- Japan's Nikkei share average rose more than 1 percent on Thursday as investors took heart from a weaker yen and rallying oil prices after OPEC's unexpected agreement to trim crude output. "The OPEC move was a surprise, and left some hedge funds scurrying to cover their short positions," said Norihiro Fujito, a senior investment strategist at...

  • *Commodity currencies benefit from OPEC output cut deal. TOKYO, Sept 29- Commodity-linked currencies held firm on Thursday after OPEC agreed to cut oil output in the first such deal since 2008, boosting oil prices while a broad gain in risk assets dented the yen. The Organization of the Petroleum Exporting Countries said it would reduce output to a range of...

  • Oil FX Trades

    The Australian dollar surprisingly strengthened against the dollar after oil prices jumped on news of an OPEC deal, says Nikko AM's Roger Bridges.

  • City of London

    Asia's better economic environment and favorable regulatory and tax regimes make it attractive for investors, explains Colt's Ralph Achkar.

  • *Commodity currencies benefit from OPEC output cut deal. TOKYO, Sept 29- Commodity-linked currencies held firm on Thursday after OPEC agreed to cut oil output in the first such deal since 2008, boosting oil prices sharply. The Organization of the Petroleum Exporting Countries would reduce output to a range of 32.5-33.0 million barrels per day, a reduction of...

  • SAO PAULO, Sept 28- Key Latin American currencies held steady on Wednesday after the Organization of the Petroleum Exporting Countries reached a deal in Algiers to limit oil production, triggering a sharp rise in oil prices. In a testimony before Congress, Fed Chair Janet Yellen said on Wednesday job creation has accelerated to unsustainable levels, though she...

  • The U.S. dollar hit a roughly five-month low after OPEC sources told Reuters the producing group agreed to reduce its oil output.

  • *Dollar hits roughly 5- month low vs Norway's crown. NEW YORK, Sept 28- The U.S. dollar hit a roughly five-month low against the Norwegian crown and fell against other commodity-linked currencies on Wednesday after OPEC sources told Reuters the producing group agreed to reduce its oil output. Two sources in the Organization of the Petroleum Exporting Countries...

  • *Poland replaces finance minister Szalamacha with Morawiecki. BUDAPEST/ BUCHAREST, Sept 28- The zloty led a weakening of Central European currencies on Wednesday as Polish Prime Minister Beata Szydlo dismissed Pawel Szalamacha as finance minister in a government reshuffle. His responsibilities will be taken over by Deputy Prime Minister and Economy...

  • NEW YORK, Sept 28- U.S. stock prices slipped on Wednesday after comments from Federal Reserve Chair Janet Yellen raised concerns about increased banking regulations, while oil prices rose in choppy trading amid hopes of an output agreement and data showing a bigger-than-expected increase in U.S. gasoline inventories. The dollar rose against the euro as...