Currencies Foreign Exchange

  • 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...

  • In a testimony before Congress, Fed Chair Janet Yellen said on Wednesday job creation has accelerated to unsustainable levels, though she dismissed any meaningful upward pressure on inflation. Investors now await speeches by Cleveland Fed President Loretta Mester and Kansas City Fed President Esther George later on Wednesday in search of more clues.

  • European stocks rise on Deutsche rebound

    CNBC's Seema Mody reports on all the market moving events in Europe today, including Deutsche Bank helping the bank sector rebound.

  • Fed Chair Janet Yellen did not comment on the outlook for the economy or monetary policy in prepared testimony for a House of Representatives Financial Services Committee hearing. Analysts said that, while traders were likely awaiting comments due later in the day from Kansas City Fed President Esther George and Cleveland Fed President Loretta Mester, they...

  • LONDON, Sept 28- Sterling dipped on Wednesday after a Bank of England policymaker said she expected the central bank would "at some point" need to add more monetary stimulus to Britain's economy to cushion the blow dealt by Brexit. "The dip was because she put out a strong signal that easing is likely at some point, and aren't fully pricing that in," said ING currency...

  • MOSCOW, Sept 28- Russia's Central Bank is ready to continue buying gold from banks but has no quotas or objective to increase the metal's share in its gold and foreign exchange reserves, the bank's First Deputy Governor Dmitry Tulin said on Wednesday. "We are not currently selling foreign currency from reserves but keep buying gold for which prices are rising,...

  • MOSCOW, Sept 28- Combined foreign currency debts of commercial banks to Russia's central bank are set to decrease to $9 billion by the end of this year from $22 billion at the start of 2016, the central bank said in a document outlining its policies for 2017-2019..

  • LONDON, Sept 28- The dollar rose against the yen and a basket of currencies on Wednesday, with the focus shifting to Federal Reserve chair Janet Yellen's semi-annual testimony before a Congressional committee later in the day. It was up 0.3 percent at 100.70 after setting a one-month low of 100.085 yen on Tuesday. The euro was flat at $1.1210, having come under...

  • LONDON, Sept 28- Sterling traded back above $1.30 on Wednesday, staying clear of a six-week low hit earlier in the week, after the head of the Bank of England mande upbeat comments about the long-term prospects for the UK economy. Governor Mark Carney told Scotland's Herald newspaper the British economy was performing as the Bank had expected it to when it...

  • LONDON, Sept 28- The dollar rose against the yen and a basket of currencies on Wednesday, with focus shifting to the Federal Reserve chair Janet Yellen's testimony later in the day. It was up 0.2 percent at 100.60 after setting a one-month low of 100.085 yen on Tuesday. The euro was down 0.2 percent at $1.1190, having come under pressure in the past session on concerns...