(Bloomberg) - The world's biggest foreign-exchange traders say the best performing emerging market currencies will decline against the U.S. dollar this year as economic growth slows and price swings increase.
Brazil's real, Turkey's lira and South Africa's rand may weaken at least 3.75 percent after gains of more than 14 percent in 2007, according to the median forecasts of banks and securities firms surveyed by Bloomberg News. The lira and rand last fell in 2006, while the real has strengthened for five straight years.
Read more at Bloomberg
Showing posts with label dollar. Show all posts
Showing posts with label dollar. Show all posts
Thursday, January 3, 2008
Monday, August 6, 2007
Swiss Franc Climbs to Two-Year High Versus Dollar as Carry Trades Unwound
(Bloomberg) -- The Swiss franc rose to its highest in
more than two years against the dollar as investors sold riskier
assets, such as equities, and repaid loans taken out in the Swiss
currency.
The franc advanced against 14 of the 16 most-traded
currencies as stocks in Europe and Asia fell, following a drop in
benchmark U.S. equity markets last week. Traders unwound so-
called carry trades, where they borrowed the franc to buy higher-
yielding assets, on concern U.S. subprime mortgage losses will
erode economic growth.
Read more at Bloomberg Currencies News
more than two years against the dollar as investors sold riskier
assets, such as equities, and repaid loans taken out in the Swiss
currency.
The franc advanced against 14 of the 16 most-traded
currencies as stocks in Europe and Asia fell, following a drop in
benchmark U.S. equity markets last week. Traders unwound so-
called carry trades, where they borrowed the franc to buy higher-
yielding assets, on concern U.S. subprime mortgage losses will
erode economic growth.
Read more at Bloomberg Currencies News
Sunday, August 5, 2007
Singapore Dollar to Rise 10 Percent to Record $1.38, BNP Paribas Predicts
(Bloomberg) -- The Singapore dollar may rise 10
percent to a record in a year as an influx of tourists and
bankers supports economic growth, BNP Paribas SA said.
The currency may reach S$1.38 per dollar by June 30, passing
the record of S$1.3835 reached in 1995, as the Monetary Authority
of Singapore seeks gains to curb inflation, said Thio Chin Loo,
senior foreign-exchange strategist in Singapore at France's
largest bank by market value.
Read more at Bloomberg Currencies News
percent to a record in a year as an influx of tourists and
bankers supports economic growth, BNP Paribas SA said.
The currency may reach S$1.38 per dollar by June 30, passing
the record of S$1.3835 reached in 1995, as the Monetary Authority
of Singapore seeks gains to curb inflation, said Thio Chin Loo,
senior foreign-exchange strategist in Singapore at France's
largest bank by market value.
Read more at Bloomberg Currencies News
Friday, August 3, 2007
Dollar tumbles on credit worries
(Reuters) - The slowest rate of job growth since February and a deterioration in a U.S. service sector index for July triggered the dollar's sell-off, while declines in equities led by financial stocks took the greenback further south.
"It's a sell U.S. day today," said Brian Dolan, director of currency research at Forex.com in Bedminster, New Jersey.
Read more at Reuters.com Hot Stocks News
"It's a sell U.S. day today," said Brian Dolan, director of currency research at Forex.com in Bedminster, New Jersey.
Read more at Reuters.com Hot Stocks News
RBS profits up 11 percent
(Reuters) - The bank said income grew 8 percent to 14.7 billion pounds and costs as a percentage of revenue improved to 41.4 percent from 41.9 percent.
Profits in its U.S. banking arm Citizens fell 7 percent in sterling terms to 752 million pounds, but operating profit was up 2 percent before the impact of the weak dollar.
Read more at Reuters.com Market News
Profits in its U.S. banking arm Citizens fell 7 percent in sterling terms to 752 million pounds, but operating profit was up 2 percent before the impact of the weak dollar.
Read more at Reuters.com Market News
GLOBAL MARKETS-US jobs data hit stocks, dollar, boost bonds
(Reuters) - LONDON, Aug 3 - Stocks and the dollar fell while
safe-haven government bonds rallied on Friday after
weaker-than-expected U.S. jobs data fanned concerns about a U.S.
economy already struggling with credit liquidity fears.
U.S. stock futures pointed to a weaker open on Wall Street
while European stocks moved deeper in negative territory
after data showed U.S. employers boosted payrolls in July at the
slowest pace since February, adding 92,000 jobs.
Read more at Reuters.com Bonds News
safe-haven government bonds rallied on Friday after
weaker-than-expected U.S. jobs data fanned concerns about a U.S.
economy already struggling with credit liquidity fears.
U.S. stock futures pointed to a weaker open on Wall Street
while European stocks moved deeper in negative territory
after data showed U.S. employers boosted payrolls in July at the
slowest pace since February, adding 92,000 jobs.
Read more at Reuters.com Bonds News
Tuesday, July 31, 2007
Suncor Plans $4.14 Billion Expansion of Oil-Sands Operations in Alberta
(Bloomberg) -- Suncor Energy Inc. plans to spend
C$4.4 billion ($4.14 billion) to expand its northern Alberta
mining operations, the second multibillion-dollar oil-sands
project unveiled this week in Canada.
The mine is forecast to increase production of bitumen by
120,000 barrels a day, Suncor, the world's second-largest oil-
sands producer, said today in a statement. Construction may begin
by 2010 and the Voyageur South mine is projected to start
producing by 2013, the Calgary-based company said.
Read more at Bloomberg Energy News
C$4.4 billion ($4.14 billion) to expand its northern Alberta
mining operations, the second multibillion-dollar oil-sands
project unveiled this week in Canada.
The mine is forecast to increase production of bitumen by
120,000 barrels a day, Suncor, the world's second-largest oil-
sands producer, said today in a statement. Construction may begin
by 2010 and the Voyageur South mine is projected to start
producing by 2013, the Calgary-based company said.
Read more at Bloomberg Energy News
New Zealand Dollar Declines as Housing Woes Spur Reduction in Risky Bets
(Bloomberg) -- The New Zealand dollar dropped on
renewed concern that losses from U.S. subprime mortgages will
prompt investors to reduce holdings of riskier investments.
The currency, known as the kiwi, is a favorite for the so-
called carry trade, where investors borrow cheaply in yen to
invest in countries that offer higher yields. New Zealand's
record 8.25 percent benchmark rate is 7.75 percentage points
higher than Japan's and 3 points more than the Federal Reserve's
target, luring investors to the local currency. U.S. stocks slid
on concern more companies will be affected by defaults related
to subprime mortgages.
Read more at Bloomberg Currencies News
renewed concern that losses from U.S. subprime mortgages will
prompt investors to reduce holdings of riskier investments.
The currency, known as the kiwi, is a favorite for the so-
called carry trade, where investors borrow cheaply in yen to
invest in countries that offer higher yields. New Zealand's
record 8.25 percent benchmark rate is 7.75 percentage points
higher than Japan's and 3 points more than the Federal Reserve's
target, luring investors to the local currency. U.S. stocks slid
on concern more companies will be affected by defaults related
to subprime mortgages.
Read more at Bloomberg Currencies News
Mexico stocks revert gains, fall 0.45 pct
(Reuters) - The benchmark IPC stock index , which had risen more
than one percent in early trades, slid 139 points to 30,761
points. The peso currency firmed by 0.174
percent to 10.931 per dollar.
In debt trading, the price of the benchmark 10-year
government peso bond gained 0.124 points to bid
101.834, with a yield of 7.70 percent.
Read more at Reuters.com Bonds News
than one percent in early trades, slid 139 points to 30,761
points. The peso currency
percent to 10.931 per dollar.
In debt trading, the price of the benchmark 10-year
government peso bond
101.834, with a yield of 7.70 percent.
Read more at Reuters.com Bonds News
Dollar edges up as stocks rally
(Reuters) - Stock indexes opened strongly, recovering for a second day from one of Wall Street's worst weeks in five years, boosted by a rosy corporate earnings outlook. But equities subsequently pared their gains, led by losses in the financial sector.
As a result, the dollar came off its highs against the yen and recovered modestly versus the euro, which at one point slipped below $1.37.
Read more at Reuters.com Hot Stocks News
As a result, the dollar came off its highs against the yen and recovered modestly versus the euro, which at one point slipped below $1.37.
Read more at Reuters.com Hot Stocks News
WRAPUP 1-U.S. core inflation softens in June
(Reuters) - The 0.1 percent rise in the core personal consumption price
index "should be reassuring to the Fed," said Camilla Sutton,
currency strategist at Scotia Capital in Toronto.
U.S. stock index futures rose on the weak inflation data
and a stronger-than-expected earnings report from General
Motors . U.S. government debt prices fell despite the
inflation report, and the dollar was lower against the euro.
Read more at Reuters.com Economic News
index "should be reassuring to the Fed," said Camilla Sutton,
currency strategist at Scotia Capital in Toronto.
U.S. stock index futures rose on the weak inflation data
and a stronger-than-expected earnings report from General
Motors . U.S. government debt prices fell despite the
inflation report, and the dollar was lower against the euro.
Read more at Reuters.com Economic News
Monday, July 30, 2007
Canadian Dollar Falls for 4th Day on Subprime Debt, Commodities Concerns
(Bloomberg) -- The Canadian dollar fell for a
fourth day as investors sold commodity-linked currencies on
speculation U.S. subprime mortgage losses will slow the world's
largest economy.
The Canadian currency was the second-worst performer among
the 16 most actively traded currencies, trailing only Japan's
yen, while falling 0.3 percent to 93.70 U.S. cents. One U.S.
dollar buys C$1.0662.
Read more at Bloomberg Currencies News
fourth day as investors sold commodity-linked currencies on
speculation U.S. subprime mortgage losses will slow the world's
largest economy.
The Canadian currency was the second-worst performer among
the 16 most actively traded currencies, trailing only Japan's
yen, while falling 0.3 percent to 93.70 U.S. cents. One U.S.
dollar buys C$1.0662.
Read more at Bloomberg Currencies News
Yen May Extend Decline Against Euro, Dollar as Stock Rally Encourages Risk
(Bloomberg) -- The yen may extend its decline
against the euro and dollar as a rebound in U.S. stocks might
restore investors' confidence to buy higher-yielding assets
funded by loans in Japan.
The Japanese currency dropped yesterday as rising U.S.
equities encouraged investors to resume the so-called carry
trade. Japan's yen has gained against all 16 major currencies
tracked by Bloomberg this month amid concern over subprime losses
and credit risks.
Read more at Bloomberg Currencies News
against the euro and dollar as a rebound in U.S. stocks might
restore investors' confidence to buy higher-yielding assets
funded by loans in Japan.
The Japanese currency dropped yesterday as rising U.S.
equities encouraged investors to resume the so-called carry
trade. Japan's yen has gained against all 16 major currencies
tracked by Bloomberg this month amid concern over subprime losses
and credit risks.
Read more at Bloomberg Currencies News
GLOBAL MARKETS-Stocks up, bonds slip, but credit worries lurk
(Reuters) - NEW YORK, July 30 - Stocks climbed on Monday
after last week's drop on credit concerns, while a safe-haven
bid for U.S. government bonds abated somewhat, but trade was
jumpy as investors' jitters about riskier assets lingered.
The dollar drifted lower against most currencies, as
traders remained wary of weakness in U.S. credit markets.
Read more at Reuters.com Bonds News
after last week's drop on credit concerns, while a safe-haven
bid for U.S. government bonds abated somewhat, but trade was
jumpy as investors' jitters about riskier assets lingered.
The dollar drifted lower against most currencies, as
traders remained wary of weakness in U.S. credit markets.
Read more at Reuters.com Bonds News
Copper Gains as Dollar Drops, Making Metal Priced in U.S. Currency Cheaper
(Bloomberg) -- Copper rose more than 1 percent in
New York on speculation that a weaker dollar will encourage
buyers holding other currencies to purchase the metal.
The dollar dropped the most in more than two weeks against
the euro. A change in exchange rates makes copper, traded in
dollars, more or less expensive for buyers using other
currencies. The metal has gained 25 percent this year, while the
dollar is down 3.7 percent against the euro.
Read more at Bloomberg Commodities News
New York on speculation that a weaker dollar will encourage
buyers holding other currencies to purchase the metal.
The dollar dropped the most in more than two weeks against
the euro. A change in exchange rates makes copper, traded in
dollars, more or less expensive for buyers using other
currencies. The metal has gained 25 percent this year, while the
dollar is down 3.7 percent against the euro.
Read more at Bloomberg Commodities News
Mexican stocks extend gains, America Movil leads
(Reuters) - The benchmark IPC stock index surged 2.50 percent to
30,989 points and the peso currency was stable
at 10.963 per dollar.
In debt trading, the price of the benchmark government
10-year peso bond rose 0.247 points to bid 101.648,
with a yield of 7.73 percent.
Read more at Reuters.com Bonds News
30,989 points and the peso currency
at 10.963 per dollar.
In debt trading, the price of the benchmark government
10-year peso bond
with a yield of 7.73 percent.
Read more at Reuters.com Bonds News
Copper Futures Gain in New York, Erasing Earlier Loss, on Weaker Dollar
(Bloomberg) -- Copper gained in New York, erasing
earlier losses, on speculation that a weaker dollar will
encourage buyers holding other currencies to purchase the metal.
The dollar dropped the most in more than two weeks against
the euro. A change in the U.S. currency's value makes copper,
traded in dollars, more or less expensive for buyers using other
currencies. Before today, the metal had gained 24 percent this
year, as the dollar fell 3.3 percent against the euro.
Read more at Bloomberg Commodities News
earlier losses, on speculation that a weaker dollar will
encourage buyers holding other currencies to purchase the metal.
The dollar dropped the most in more than two weeks against
the euro. A change in the U.S. currency's value makes copper,
traded in dollars, more or less expensive for buyers using other
currencies. Before today, the metal had gained 24 percent this
year, as the dollar fell 3.3 percent against the euro.
Read more at Bloomberg Commodities News
Canadian Dollar Falls for Fourth Day on U.S. Subprime Impact Speculation
(Bloomberg) -- The Canadian dollar fell for a
fourth day as investors sold commodity-linked currencies on
speculation U.S. subprime mortgage losses will slow the world's
largest economy.
The Canadian currency fell 0.3 percent to 93.69 U.S. cents
at 8:58 a.m. in Toronto, extending the decline last week when it
dropped 1.45 percent. One U.S. dollar buys C$1.0674. Canada's
dollar fell 0.42 percent against the yen to 111.03.
Read more at Bloomberg Currencies News
fourth day as investors sold commodity-linked currencies on
speculation U.S. subprime mortgage losses will slow the world's
largest economy.
The Canadian currency fell 0.3 percent to 93.69 U.S. cents
at 8:58 a.m. in Toronto, extending the decline last week when it
dropped 1.45 percent. One U.S. dollar buys C$1.0674. Canada's
dollar fell 0.42 percent against the yen to 111.03.
Read more at Bloomberg Currencies News
Canadian Dollar Falls for Fourth Day on U.S. Subprime Crisis Speculation
(Bloomberg) -- The Canadian dollar fell for a
fourth straight day as investors sold commodity-linked
currencies on speculation U.S. subprime mortgage losses will
slow the world's largest economy.
The Canadian currency fell 0.38 percent to 93.61 U.S. cents
at 8:14 a.m. in Toronto, extending the decline last week, when
it dropped 1.45 percent. One U.S. dollar buys C$1.0683. Canada's
dollar fell 0.72 percent against the yen to 110.72.
Read more at Bloomberg Currencies News
fourth straight day as investors sold commodity-linked
currencies on speculation U.S. subprime mortgage losses will
slow the world's largest economy.
The Canadian currency fell 0.38 percent to 93.61 U.S. cents
at 8:14 a.m. in Toronto, extending the decline last week, when
it dropped 1.45 percent. One U.S. dollar buys C$1.0683. Canada's
dollar fell 0.72 percent against the yen to 110.72.
Read more at Bloomberg Currencies News
Sunday, July 29, 2007
Tunisia Central Bank, Kingboard, Hong Long, Sri Lanka: Asia Bond Alert
(Bloomberg) -- PT Mobile-8 Telecom, an Indonesian
mobile-phone operator that counts Qualcomm Inc. as an investor,
and Hong Long Holdings Ltd., a Chinese developer, are among
borrowers seeking to sell at least $5.6 billion of bonds in Asia,
according to data compiled by Bloomberg.
Governments and companies in Asia sold $43.8 billion of
debt denominated in dollars, euros and yen this year, up from
$38.2 billion a year earlier, Bloomberg data show. Sales of
Samurai bonds, yen debt sold by foreign entities in Japan, rose
to 1.4 trillion yen ($11.8 billion), from 741 billion yen in the
whole of 2006.
Read more at Bloomberg Bonds News
mobile-phone operator that counts Qualcomm Inc. as an investor,
and Hong Long Holdings Ltd., a Chinese developer, are among
borrowers seeking to sell at least $5.6 billion of bonds in Asia,
according to data compiled by Bloomberg.
Governments and companies in Asia sold $43.8 billion of
debt denominated in dollars, euros and yen this year, up from
$38.2 billion a year earlier, Bloomberg data show. Sales of
Samurai bonds, yen debt sold by foreign entities in Japan, rose
to 1.4 trillion yen ($11.8 billion), from 741 billion yen in the
whole of 2006.
Read more at Bloomberg Bonds News
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