Friday, 28 October 2016


Recent News
  • Column: With its currency woes, will Nigeria let market forces do their job?

    07:40 | 28/10/16
    PBS NewsHour
    Earlier this month, I was in Nigeria for some meetings. One of the most striking things about the country's economic situation was the parallel currency market. more»
  • TSX climbs 58.5 points; Canadian dollar slips

    04:55 | 28/10/16
    Times Colonist
    In New York, the Dow Jones industrial average was up 10.48 points at 18,209.81. But the broader S&P 500 was down 2.12 points at 2,137.31 and the Nasdaq composite fell 11.15 points to 5,239.12. more»
  • Sweden's krona hits 6-year low after dovish Riksbank statement

    04:17 | 28/10/16
    Financial Times
    The krona has been the worst-performing currency in the G10 so far this year after the pound, with the Riksbank's low interest rates making it attractive for automated traders to use as a funding currency. more»
  • CANADA FX DEBT-Canadian dollar strengthens as oil rallies

    02:54 | 28/10/16
    Canadian dollar at C$1.3357, or 74.87 U.S. cents * Bond prices lower across steeper yield curve By Fergal Smith TORONTO, Oct 27 The Canadian dollar strengthened against its U.S. counterpart on Thursday as oil rose, while a breakthrough on a free-trade ... more»
  • Otmar Issing on the Fate of the Euro

    02:23 | 28/10/16
    Cato Institute (blog)
    Back in July 2015 I reminded Alt-M readers of a paper I presented at the 2012 Mont Pelerin Society meetings in Prague, as part of a session in which Otmar Issing, one of the euro's architects, also took part. As I remarked in that last post, although ... more»
  • WEEKAHEAD-AFRICA-FX-Nigerian naira seen gaining on improved dollar supply

    01:49 | 28/10/16
    Reuters Africa
    Nigerian naira is seen reversing its losses as traders anticipate improved dollar supply from international money transfer agencies to ease a shortage, which has pushed down the local currency this week. more»
  • NZ dollar drops to week-low vs. Aussie

    01:36 | 28/10/16
    The Australian Dollar to US Dollar (AUD/USD) exchange rate made significant gains throughout Tuesday's local trading session to a high of 77.09 US Cents, following the release of Australia's Consumer Price Index (CPI), which came in with an increase in ... more»
  • SOFTS-Sugar slips on funds repositioning, weaker Brazil real

    01:31 | 28/10/16
    Reuters Africa
    Dealers said the Brazilian real losing strength vis-a-vis the U.S. dollar was partly responsible for the selling. A weaker real makes dollar-denominated commodities more valuable in local currency terms, prompting selling by exporters. more»
  • Japanese yen faces crucial data test

    01:15 | 28/10/16
    Financial Times
    Should such a deflationary scenario persist then the market may start thinking (rightly or wrongly) about whether the Bank of Japan might consider additional easing at its monetary policy meeting next week. And if so, that will probably put pressure on ... more»
  • Swiss Franc Climbs Amid Risk Aversion

    01:12 | 28/10/16
    RTT News
    The Swiss franc advanced against its most major opponents in European trading on Thursday amid risk aversion, as weak earning updates from companies such as ABB, ASM International and Telefonica and slowing profit growth in China industrial firms ... more»
  • The Swedish krona is diving after the Riksbank warns further easing may be on ...

    00:52 | 28/10/16
    Yahoo Sports
    The bank's governor Stefan Ingves said that the possibility of further easing has increased, and that the bank would not raise rates until 2018. more»
  • Canadian Dollar Unchanged, Markets Eye US Durables And Jobless Claims

    00:22 | 28/10/16
    The Canadian dollar continues to struggle, as USD/CAD climbed to 1.3395 earlier on Thursday. The currency is trading close to its lowest levels since March and has lost 1.9 percent in the month of October. more»