Archives of Asia

1. Turkish lira dips to weakest on profit taking

   2013-05-21 12:52:42 GMT : (Markets - FXMM/Asia)

   ISTANBUL: The Turkish lira fell to its weakest in nearly a year on Tuesday as investors took profits after a second major credit rating agency lifted the country to investment-grade.The lira eased to 1.8542 against the dollar by 1030 GMT, its weakest level since last June, from 1.8466 late on Monday. Analysts said the sell-off was due to profit-taking after the long-awaited rating upgrade.Moody...

2. Dollar rebounds in Asia as investors await Bernanke

   2013-05-21 05:45:47 GMT : (Markets - FXMM/Asia)

   TOKYO: The dollar turned higher against the yen in Asia on Tuesday as investors waited for testimony by the US central bank chief and the outcome of a policy meeting of the Japanese central bank.The dollar was changing hands at 102.52 yen in Tokyo afternoon trade, up from 102.26 yen in New York late Monday.The euro rose to 132.11 yen from 131.76 yen in New York while edging upward to $1.2886 from ...

3. Dollar rebounds in Asia as investors await Bernanke

   2013-05-21 04:58:36 GMT : (Markets - FXMM/Asia)

   TOKYO: The dollar turned higher against the yen in Asia on Tuesday as investors waited for testimony by the US central bank chief and a policy meeting of the Japanese central bank.The dollar was changing hands at 102.61 yen in Tokyo morning trade, up from 102.26 yen in New York late Monday.The euro rose to 132.20 yen from 131.76 yen in New York while slipping to $1.2868 from $1.2884.The dollar was...

4. Dollar eases in Asia but expected to resume rise

   2013-05-20 06:21:01 GMT : (Markets - FXMM/Asia)

   TOKYO: The dollar eased in Asia on Monday after a Japanese minister said the recent correction against the yen was nearly over, but analysts said the greenback would soon resume its climb.The dollar was changing hands at 102.69 yen in Tokyo afternoon trade, down from 103.19 yen in New York late Friday but still up from the lower 102-yen range seen before the Tokyo market closed on Friday.The euro ...

5. Indian forex reserves fall to $293.69bn

   2013-05-17 12:16:39 GMT : (Markets - FXMM/Asia)

   MUMBAI: India's foreign exchange reserves fell to $293.69 billion as of May 10, from $294.31 billion in the previous week, the central bank said on Friday.Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, the Reserve Bank of India said in its weekly statistical supplement.Foreign exchange ...

6. Dollar gains slightly in Asia

   2013-05-17 04:07:20 GMT : (Markets - FXMM/Asia)

   TOKYO: The dollar gained slightly in Asia on Friday as investors cautiously adjusted their positions following the unit's recent surge.The US currency was at 102.27 yen in early Asian trade against 102.22 yen in New York late Thursday.The euro bought $1.2868 and 131.57 yen against $1.2886 and 131.72 yen in US trade.In early Tokyo trade, the dollar briefly fell near the 102-yen mark but had reb...

7. Yuan ends down for second day, but capital inflows imply near-term strength

   2013-05-16 09:43:54 GMT : (Markets - FXMM/Asia)

   SHANGHAI: China's yuan closed slightly lower on Thursday for the second day on the back of an overnight rally in the dollar in global markets.But the yuan is likely to retain its recent strength as central bank data showed capital continued to flow into the country on a large scale.Traders said the inflows have produced an abundance of dollars in the market that nobody appears to want.Spot yua...

8. Dollar slips against yen in Asia after rally

   2013-05-16 04:56:35 GMT : (Markets - FXMM/Asia)

   TOKYO: The dollar slipped against the yen in Asia on Thursday as investors locked in profits on the greenback's recent surge, while the euro was weak on gloomy European growth data.The currency market's reaction to upbeat Japan economic growth data was muted despite figures showing the world's third-largest economy expanded 0.9 percent between January and March from the previous three ...

9. Dollar holds firm in Asian trade

   2013-05-15 04:50:42 GMT : (Markets - FXMM/Asia)

   TOKYO: The dollar held firm versus the yen in Asian morning trade Wednesday, clinging to recent gains after upbeat US data with analysts saying the greenback could climb higher.On Tuesday, the dollar jumped amid gains in US equity markets and more signs of a US economic recovery, rising as high as 102.40 yen to mark its highest level against the Japanese unit since October 2008.In Tokyo trade Wedn...

10. Dollar rally stumbles in Asian trade

    2013-05-14 05:01:01 GMT : (Markets - FXMM/Asia)

    TOKYO: The dollar's rally against the yen stumbled in Asian trade on Tuesday as investors looked for concrete signs that the US Federal Reserve would roll back its huge bond-buying programme.The dollar broke through the 102-yen level in Asian trading Monday on the back of speculation that the Fed could be the first among major central banks to roll back its quantitative easing policy, as fresh...

11. Dollar jumps in Asian trade after G7 meeting

    2013-05-13 04:34:17 GMT : (Markets - FXMM/Asia)

    TOKYO: The dollar broke through the 102-yen level in Asian trading Monday after Tokyo sidestepped criticism over the unit's steep decline at a weekend G7 meeting in Britain.Speculation that the US Federal Reserve could be the first among major central banks to roll back its huge monetary easing policy also boosted the dollar as data pointed to a brighter outlook for the world's biggest eco...

12. Indian rupee falls most in 4 mths on global dollar strength

    2013-05-10 17:11:17 GMT : (Markets - FXMM/Asia)

    MUMBAI: The Indian rupee posted its biggest single-day fall in four months on Friday, as the dollar's strength against global currencies and demand from oil and gold importers offset gains in domestic shares that have been driven by strong foreign flows.The drop led the currency to post its biggest weekly fall in six months.The yen slid to a four-year low against the dollar on Friday after bet...

13. Yuan ends weaker on global dollar rally, uptrend still seen intact

    2013-05-10 09:10:40 GMT : (Markets - FXMM/Asia)

    SHANGHAI: China's yuan ended slightly lower on Friday, drifting from its all-time high hit in the previous session, after the central bank set its official midpoint weaker to reflect a rally in the dollar index overnight, traders said.Spot yuan closed at 6.1417 against the dollar, slipping from 6.1309 at the close on Thursday. The PBOC fixed its midpoint at 6.2016 before trade began, weaker th...

14. Dollar surges to multi-year highs on yen in Asia

    2013-05-10 06:17:22 GMT : (Markets - FXMM/Asia)

    TOKYO: The US dollar surged in Asian trade on Friday after topping the 100 yen level for the first time in four years, but analysts warned that the Japanese unit's sharp drop was a double-edged sword.The greenback changed hands at 101.00 yen in afternoon Tokyo trade against 100.55 yen in New York Thursday afternoon -- it was last above 100 yen in April 2009 and plunged to a record low around 7...

15. Dollar surges to multi-year highs on yen in Asia

    2013-05-10 04:34:36 GMT : (Markets - FXMM/Asia)

    TOKYO: The US dollar surged in Asian trade on Friday after topping the 100 yen level for the first time in four years, but analysts warned that the Japanese unit's sharp drop was a double-edged sword.The greenback changed hands at 101.01 yen in midday Tokyo trade against 100.55 yen in New York Thursday afternoon -- it was last above 100 yen in April 2009 and plunged to a record low around 75 y...

16. Yen firmer against dollar in Asia ahead of G7

    2013-05-09 04:41:07 GMT : (Markets - FXMM/Asia)

    TOKYO: The yen was trading firmer against the dollar in Asia on Thursday with few fresh market leads ahead of the Group of Seven meeting of finance chiefs starting Friday.In morning Tokyo trade, the euro fetched $1.3157 and 130.12 yen against $1.3156 and 130.35 yen in US trade on Wednesday, when the single European currency gained ground after a surprisingly strong report on German industrial outp...

17. Euro up in Asian trade

    2013-05-06 06:00:03 GMT : (Markets - FXMM/Asia)

    SINGAPORE: The euro rose against the dollar in Asian trade Monday as a better-than-expected US April jobs report boosted hopes of resurgent growth in the world's biggest economy, analysts said.The euro was at $1.3122 in afternoon Asian trade from $1.3116 in New York late Friday. The single currency was also buying 130.04 yen from 129.80 yen.The dollar was up to 99.10 yen from 99.00 yen.Japanes...

18. Dollar holds firm vs yen, clings to post-jobs data gains

    2013-05-06 05:20:24 GMT : (Markets - FXMM/Asia)

    SINGAPORE: The dollar held firm versus the yen on Monday, clinging to gains made late last week after better-than-expected US jobs data eased concerns about the outlook for the world's largest economy.US employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months. The jobless rate also fell to 7.5 percent, the lowest since December 2...

19. Yuan slides as govt restricts banks' proprietary bets

    2013-05-06 05:19:08 GMT : (Markets - FXMM/Asia)

    SHANGHAI: China's yuan had its most volatile day in nearly three months on Monday after authorities issued regulations limiting banks' long yuan positions as part of a campaign to crack down on hot money inflows.Spot yuan fell by as much as 0.22 percent from Friday's in early trade on Monday, reaching a low of 6.1694 per dollar, but had recovered most of its lost ground by midday, as t...

20. India's forex reserves rise to $296.37bn: central bank

    2013-05-03 14:33:23 GMT : (Markets - FXMM/Asia)

    MUMBAI: India's foreign exchange reserves rose to $296.37 billion as of April 26, from $294.76 billion in the previous week, the central bank said on Friday.Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation other currencies held in its reserves, the Reserve Bank of India said in its weekly statistical supplement.Foreign exchange r...