Markets - FXMM
6 
NEW YORK: The dollar was on track for its biggest daily drop in more than five weeks against the yen on Thursday after a sharp slide in Japanese stocks and weak Chinese factory activity data prompted a rush for the safe-haven Japanese currency.The yen also rallied versus the euro and other currencies, further buoyed by a jump in 10-year Japanese government bonds yields, to 1.000 percent, the highest in a year.China's factory activity shrank for the first time in seven months in May, a survey showed, deepening fears that China's economic recovery has stalled and a sharper cooldown may be imminent.Concerns that US monetary stimulus could be scaled back, sparked by Federal Reserve Chairman Ben Bernanke's testimony on Wednesday, also weighed on markets and drove Japan's Nikkei share index down 7.3 percent on Thursday, its biggest one-day drop since a slide two years ago in the wake of the tsunami."The ...
TORONTO: The Canadian dollar won some respite from its recent decline against its US counterpart on Thursday, a day after it sank to an almost 12-month low, as the market brushed off weak Chinese economic data and the possibility of a reduction in US stimulus.While major North American equity markets closed lower, most of them finished the day off their session lows as investors saw the early fall from record highs as an opportunity to ...
NEW YORK: The yen advanced sharply against the dollar and the euro on Thursday after a slide in stocks sparked by a drop in Chinese factory activity prompted a rush for the safe-haven Japanese currency.China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be imminent. Concerns US monetary ...
LONDON: The dollar and the euro fell by more than two percent against the yen on Thursday as investors opted for safe-haven currencies on increasing prospects the US Federal Reserve might pare back its stimulus programme.The dollar fell to a near two-week low of 100.83 yen, breaking through stops at 101.25 yen. Traders cited the next support at the 100 yen level.The euro also slipped by more than two percent against the yen of 129.945 ...
LONDON: The yen vaulted to two-week highs against the dollar and the euro on Thursday as a slide in equities encouraged profit-taking on the safe-haven currency's recent sharp falls.Concerns US monetary stimulus could be scaled back, after testimony by Federal Reserve Chairman Ben Bernanke, and weak Chinese data triggered a 7.3 percent plunge in Japan's Nikkei share index, its biggest one-day drop in two years.The dollar and the euro both fell more than 2 percent ...
MUMBAI: The Indian rupee fell below the key psychological level of 56 to the dollar on Thursday, its lowest level in over 8-1/2 months, as the dollar rallied on worries about a potentially early end to US monetary stimulus.The rupee fell to as low as 56.01, its lowest since Sept. 6, 2012. At 0619 GMT, it was at 55.98/00 to the dollar versus its previous close of 55.46/47. Copyright Reuters, 2013 More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
