USD
Naira Rises to 16-Week High on Low Dollar Demand, Auction Sale
Nigeria’s naira appreciated to its strongest level in sixteen weeks on lower demand for the dollar as the central bank sold the U.S. currency at a twice-weekly auction. The currency of Africa’s largest oil producer appreciated 0.2 percent to 157.36 naira
Chico’s, Zale jump; TJX, Dollar Tree drop
…stock was raised to outperform from market perform by BMO Capital. Among the decliners, discounter Dollar Tree Inc. (NASDAQ:DLTR) was down 1.3% after the mid-point of its first-quarter forecast range missed analysts’ estimates. TJX Cos.
Nigerian naira gains on offshore dollar inflows
…and to sustain the naira rally. The local currency has gained around 2.47 percent against the U.S dollar this month on the interbank market. On the bi-weekly forex auction, the central bank sold $113.53 million at 155.90 naira to the dollar, compared with…
Yen Continues to Extend Declines; Sterling Pressured by Dovish Minutes
By Joel Kruger, Technical Strategist for DailyFX.com Greece agreement out of the way but saga still ongoing UK Telegraph highlights some of the risks ahead Yen emerging as the major story amidst Eurozone mess USD/JPY breaks back above 80.00 for first time in 6 months Daily RSI at highest level in over 10 years BOE [...]
Dollar Tree, Inc. Reports Record Results for the Fourth Quarter and Fiscal Year 2011
…or circumstances occurring after the date of this report and you should not expect us to do so. (Dollars in millions, except per share data) The twelve months ended January 29, 2011 information was derived from the audited consolidated financial statements…
GBP/USD Falls Back to Consolidation and Tests 1.57, Projected to 1.5590
After a counter-trend breakout signaling possible bullish continuation, the GBP/USD failed to reach the Feb. high near 1.5925. Instead, it topped off at 1.5878, and slid sharply in the 2/22 European session start. In the 4H chart, you can see this slide breaking below 61.8% retracement and pivot of 1.5733.
Egypt Offers $1.2 Billion in T-Bills Tomorrow; Dollar Bonds Rise
…notes valued at 3 billion pounds and 4 billion pounds, respectively, according to Central Bank of Egypt data on Bloomberg. The average yield on one-year bills fell one basis point, or 0.01 of a percentage point, to 15.965 percent at a sale last week. It had…
Forex: Dollar Rises Above Y80 For 1st Time Since August
…(Kyodo)–The dollar broke above 80 yen in Tokyo on Wednesday for the first time since early August, rising as high as 80.08 yen at one point, as the yen continued to weaken following recent monetary easing by the Bank of Japan. read full article… This article…
China spent USD 139.7 billion on R&D in 2011: report
…gains. China”s spending in R&D last year surged 21.9 per cent year-on-year to 861 billion yuan (USD139.7 billion), the National Bureau of Statistics (NBS) said in the country”s 2011 statistics report. The R&D spending represents 1.83 per cent of China”s…
Ruble Climbs Against Dollar, Bond Yields Fall After Urals Gain
…currency. The ruble was little changed at 39.40 per euro and 34.0942 against the central bank’s target dollar-euro basket. Investors pared bets the Russian currency would weaken, with non- deliverable forwards showing it at 30.1092 per dollar in three months’…
NZ dollar could hit 90 US cents in early 2013, ANZ says
…current account gap. “Emerging Asian currencies will do far better out of a US recovery than the USD itself, ironically, because they export so much to the US,” they said. The only currency the kiwi dollar isn’t likely to outrun is Australia’s, a currency…
Futures Movers: Oil edges lower as dollar gains
…America. A stronger U.S. currency tends to depress crude-oil prices, which are denominated in dollars. Weak economic data from China also served as a drag to crude prices.
TEXT-Fitch rates CKI’s USD 300 million hybrid securities ‘BBB’
…a ‘BBB’ rating to the USD300million fixed-rate callable perpetual securities issued by Bank of New York Mellon (BNYM, ‘AA-’/Stable/’F1+’) on a fiduciary basis on behalf of Cheung Kong Infrastructure Holdings Limited (CKI, ‘A-’/Stable). The hybrid securities…
Forex: Dollar Remains Capped Below Y80 Due To Exporters’ Selling
Nikkei.com is the English-language online flagship of Japan’s leading business news publisher, Nikkei Inc. Harnessing the editorial power of Nikkei Inc., Nikkei.com offers unsurpassed access to the latest business intelligence and market data from Japan.
Rupee opens at 49.25 per dollar
…The Indian rupee opened at 49.25 per dollar versus 49.30 yesterday. N Subramanian, Pinnacle Forex said, “The rupee is likely to be rangebound today. Rising crude prices is a matter of concern for the currency. The range for the day is seen between 49.05-49.35/USD.”…
Forex – Dollar gains as Greek deal exits spotlight
…The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.09% at 79.24. Later Wednesday, the eurozone is to release preliminary data on manufacturing and service sector activity as well as official…
Citi Faces Potential Multibillion-Dollar Writedown
…big security stories in the week through Feb. 16. Citigroup is facing a potential multibillion-dollar writedown as it begins unwinding its minority investment in the Morgan Stanley Smith Barney brokerage. To continue, please log in, register or subscribe….
Bennett Jones Bags Another Billion-Dollar Energy Deal
…Peterson, energy practice coleader Donald Greenfield, antitrust partner Y. Beth Riley, banking and finance partner Philip Backman, tax partner L. Alan Rautenberg, IP partner Stephen Burns, employee benefits and labor partners Susan Seller and John Batzel,…
DBS, Swire turn to dollar bonds
…BONDS DBS Bank and Swire Pacific launched deals in the international bond market on Tuesday, joining a number of issuers that have taken advantage of the surge in demand for Asian credits since the start of the year. .. All comments are subject to editorial…
Strong dollar hurts CSL
…account for about 85 per cent of its earnings. The company also said it would move to reporting its earnings results in US dollars from the financial year 2013, reflecting the increasing predominance of the company’s sales worldwide in that currency….
