A shock British election result that left no single party with a clear claim to power hit sterling on Friday and left the dollar on course for its best day in over a month, while world shares headed toward their first weekly fall since April.
Lagos - A kind of parallel universe is taking shape in Nigeria’s foreign-exchange market. The African country’s traditional forwards market is facing competition from an upstart based on the new exchange-rate window policy makers opened six weeks ago.
The dollar rose to near ¥110.50 briefly in Tokyo trading on Friday, with market players heartened to see the benchmark Nikkei stock average end above the 20,000 threshold for the first time in four days.
The ringgit may advance 4 percent as the latest measures by Bank Negara Malaysia reduce the risks of holding the currency and the economy improves, a member of the central bank’s financial markets committee said.
A poor result for Prime Minister Theresa May in Thursday’s U.K. election may be good for the pound further down the line.
Next trading day's important events
- 05:00 (GMT 3) China - FDI - Foreign Direct Investment (YTD) (YoY) (May)
- 13:00 (GMT 3) UK - Inflation Report Hearings
- USDJPY: 110.72
- EURUSD: 1.1174
- S&P 500: 2441.85
- NASDAQ: 6332.53