Saturday, 25 May 2013 04:27
Posted by Abdul Ahad
NEW YORK: The yen Friday gained against the euro and the dollar as heavy volatility in the Japanese equity market reverberated through the currency market.Near 2200 GMT, the euro bought 130.82 yen, down from 131.72 yen late Thursday.The dollar traded at 101.14 yen, down from 101.82 the prior day.The euro was essentially flat against the dollar, trading at $1.2936 compared with $1.2935.Analysts noted that Japanese officials were concerned by Thursday's seven-percent plunge in the Japanese Nikkei 225 equity Index. The dramatic drop in the Nikkei was accompanied by a rise in the yen, attributed to profit taking after recent weakness in the currency.The Nikkei closed Friday 0.9 percent higher at 14,612.45, but not before veering more than 1,000 points between the highs and lows during another volatile session."These crazy moves in stocks have triggered a tremendous anxiety in Japan that has caused wild swings for the yen," said Kathy Lien ...
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NEW YORK: The yen Friday gained against the euro and the dollar as heavy volatility in the Japanese equity market reverberated through the currency market.Near 2200 GMT, the euro bought 130.82 yen, down from 131.72 yen late Thursday.The dollar traded at 101.14 yen, down from 101.82 the prior day.The euro was essentially flat against the dollar, trading at $1.2936 compared with $1.2935.Analysts noted that Japanese officials were concerned by Thursday's seven-percent plunge in the Japanese Nikkei 225 equity Index. The dramatic drop in the Nikkei was accompanied by a rise in the yen, attributed to profit taking after recent weakness in the currency.The Nikkei closed Friday 0.9 percent higher at 14,612.45, but not before veering more than 1,000 points between the highs and lows during another volatile session."These crazy moves in stocks have triggered a tremendous anxiety in Japan that has caused wild swings for the yen," said Kathy Lien ...
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 ...
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 ...
NEW YORK: The dollar rose to a 4-1/2-year high against the yen and a near three-year peak against a currency basket on Wednesday after Federal Reserve Chairman Ben Bernanke stoked speculation the US central bank could slow its asset buying in coming months.Bernanke, in testimony to Congress, said the Fed's massive bond-buying program would remain in place for now. But he added if economic improvement continued, the Fed could "in the next few meetings take ...
