Kenya's shilling and Zambia's kwacha are expected to weaken against the dollar in the next week to Thursday, traders said. KENYA. Kenya's shilling is expected to remain on the backfoot next week, as strong demand for dollars across sectors at the end of the month is likely to outweigh inflows, traders said.
* Pound up nearly 1%, biggest 1-day gain since June. * Traders now price 15 bps hike for March. * Sterling also helped by easing Evergrande concerns. By Tommy Wilkes.
Most central European stocks
and currencies tracked broader markets higher on Thursday after
the U.S. Federal Reserve clarified its timeline for rate hikes
and as concerns over Chinese property ...
* Dollar edges off one-month high post-Fed. * Norway, British central banks to meet. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Sujata Rao and Saikat Chatterjee. Norway's crown led currencies against a struggling dollar on Thursday after the Norges Bank became the first central bank in the developed world to raise interest rates in the post-pandemic era.
* Dollar eases off one-month peak. * Evergrande deal limits safe-haven demand - analyst. * Fed says will likely begin tapering by as soon as November. By Arundhati Sarkar.
* Fed says will likely begin tapering by as soon as November Evergrande soars as much as 30% as debt crunch looms. * Norway first rich nation to raise rates since COVID struck. * Dollar sags, gold loses ground. * Japan stock market closed for a holiday. By Marc Jones.
* Dollar edges off one-month high post-Fed. * Norway, British central banks to meet. * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Sujata Rao. The dollar slipped on Thursday off one-month highs reached after the Federal Reserve set the stage for interest rate hikes next year and a pick-up in global market sentiment encouraged traders to foray out of the greenback.
Sterling rose on Thursday along with most risk currencies as concerns over the Evergrande debt crisis eased and traders waited for the Bank of England meeting and signals for the outlook for policy tightening. The pound had fallen this week as panic that Chinese developer Evergrande would default on its debts sent investors into safer assets and currencies.
- Bearish bets on most Asian currencies rose marginally in the run-up to a U.S. Federal Reserve meeting where it hinted at possible rate hikes next year, while bullish bets on the yuan reversed, according to a Reuters poll on Thursday.
The dollar eased slightly from a one-month high on Thursday, after the Federal Reserve set the stage for rate hikes next year but left enough breathing room to slow things down if necessary, while sterling traded firmly ahead of a Bank of England meeting. In an Asia session thinned by a holiday in Japan, the euro bounced a bit to $1.1705, scraping off a one-month low.
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