Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  ICAP plc    IAP   GB0033872168

News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

U.S. Dollar Flat, Catalysts Limited

11/27/2015 | 12:50am US/Eastern
  By Mayumi Negishi 

The dollar was nearly unchanged against the yen and the euro in Asian trade on Friday. With U.S. markets closed for the Thanksgiving Day holiday, investors held fire amid thin trade and limited catalysts.

The dollar was at Y122.59 around 0450 GMT after briefly hitting Y122.72. That compared with Y122.65 late Thursday in New York. The euro also moved sideway, remaining at $1.0609, compared with $1.0621.

With the exception of the Turkish lira, flight to the safety of the dollar has largely subsided following the Turkish military's downing of a Russian fighter. Attention is now on the European Central Bank's policy meeting on Dec. 3, and the magnitude of potential easing steps, traders said. For the rest of the week, the Thanksgiving lull is likely to continue with U.S. markets closing early on Friday.

Investors have largely factored in a possible U.S. Federal Reserve decision to raise short-term rates in December, but are skeptical about further monetary tightening in the months ahead, traders said.

The yield on the U.S. two-year government debt shows markets are well-prepared for a possible interest rate increase, while International Monetary Market speculators continue to place bullish bets on the U.S. dollar, said FPG Securities Chief Executive Koji Fukaya. "The bets on the dollar are at record levels, and it's hard to imagine (the aggregate U.S. dollar position) rising even further" to meaningfully cross the Y123-to-the-dollar threshold before year-end, he said.

The euro was at Y130.05, compared with Y130.35 late Thursday night in New York.

The limited range of movement in the three currencies was in contrast to the lira's slide. The lira has been on decline against the dollar since last Friday, when Turkey warned Russia that attacks on Syrian Turkmen villages could lead to "serious consequences." After Russia announced plans to impose sanctions on Turkish economic interests, the lira was down 3.6% compared with the week earlier's 2.9298 lira to the dollar.

Interbank Foreign Exchange Rates At 23:50 EST / 0450 GMT 
                         Latest     Previous   %Chg   Daily   Daily    %Chg 
                                    2150 GMT          High    Low      12/31 
Dollar Rates 
USD/JPY Japan           122.59-60      122.56-57  +0.02   122.72   122.57  +2.40 
EUR/USD Euro            1.0609-12      1.0609-12   0.00   1.0618   1.0602 -12.30 
GBP/USD U.K.            1.5090-92      1.5100-02  -0.07   1.5107   1.5091  -3.13 
USD/CHF Switzerland     1.0239-43      1.0235-39  +0.04   1.0245   1.0233  +3.00 
USD/CAD Canada          1.3302-07      1.3292-97  +0.08   1.3309   1.3290 +14.48 
AUD/USD Australia       0.7226-30      0.7225-29  +0.01   0.7234   0.7213 -11.54 
NZD/USD New Zealand     0.6568-74      0.6569-75  -0.02   0.6580   0.6557 -15.70 
Euro Rate 
EUR/JPY Japan           130.05-09      130.06-10  -0.01   130.16   130.01 -10.26 
Source: ICAP PLC 

Write to Mayumi Negishi at Mayumi.Negishi@wsj.com

React to this article
Latest news on ICAP PLC
11/27DJU.S. Dollar Flat, Catalysts Limited
11/26 ICAP : and Wind Info to host Chinese renminbi conference in Qingdao, China
11/26 Big banks accused of interest rate-swap fixing in U.S. class action suit
11/26DJDollar Stabilizes After U.S. Data Push Currency Higher
11/25DJOil Prices Rise After Fall in Rig Count, Stockpile Data -- Update
11/25 'Lord Libor' broker tells London trial he was always honest
11/25DJOil Prices Decline Despite Fall in Rig Count, Stockpile Addition Data
11/25DJOversupply Eclipses Mounting Mideast Tensions as Oil Prices Decline
11/25 Strong interest in making London gold market more transparent - LBMA
11/25DJU.S. Dollar Declines as Geopolitical Concerns Drag Treasury Yields
News chart
Full-screen chart
Income Statement Evolution
More Financials