Wednesday, 20 February 2013 20:39
Posted by Abdul Ahad
NEW YORK: The dollar edged higher against the yen on Wednesday as US data showed an overall improvement in the housing market.
The Commerce Department's report showed a decline in housing starts last month, but this was due to the more volatile multi-family component. Meanwhile, starts for single-family units, representing two-thirds of the total, rose to their highest since July 2008.
The dollar rose as high as 93.67 yen and was last at 93.65 yen, slightly higher on the day.
The euro also saw a quick 10-tick rise versus the dollar following the data, suggesting traders putting a bit more risk on the table.
Copyright Reuters, 2013 ...
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NEW YORK: The dollar edged higher against the yen on Wednesday as US data showed an overall improvement in the housing market.
The Commerce Department's report showed a decline in housing starts last month, but this was due to the more volatile multi-family component. Meanwhile, starts for single-family units, representing two-thirds of the total, rose to their highest since July 2008.
The dollar rose as high as 93.67 yen and was last at 93.65 yen, slightly higher on the day.
The euro also saw a quick 10-tick rise versus the dollar following the data, suggesting traders putting a bit more risk on the table.
Copyright Reuters, 2013 ...
NEW YORK: The dollar extended its losses against the yen to hit a session low on Monday as disagreement between Japanese officials raised doubts over how aggressive Japan will ease its monetary policy.
The dollar fell as low as 93.29 yen on Reuters data and was last down 0.6 percent at 93.36 yen.
Japanese Finance Minister Taro Aso said on Tuesday he was not considering buying foreign bonds as part of efforts to ease monetary policy, a ...
NEW YORK: The yen rose against the dollar and euro on Tuesday as disagreement between Japanese officials raised doubts over how aggressively Japan will ease its monetary policy.
Japanese Finance Minister Taro Aso said on Tuesday he was not considering buying foreign bonds as part of efforts to ease monetary policy, a day after Prime Minister Shinzo Abe said this was an option.
Expectations Japan will take further stimulative steps to fight deflation have driven the dollar ...
NEW YORK: The recent devaluation of the Venezuelan bolivar was a blow to some major US companies, highlighting the importance of financial ties between the two nations despite their political disagreements.
Venezuela devalued the bolivar by 32 percent against the US dollar earlier this month, feeding public fears that prices would rise further amid already soaring inflation.
The change in the official exchange rate from 4.3 bolivars to the dollar to 6.3, was published in the Official ...
MOSCOW: Canada's finance minister, Jim Flaherty, said on Saturday the communique at a meeting Group of 20 finance officials had been strengthened to include a call not to target foreign exchange rates.
He also said that the consensus view was to support the G7 statement of this week on currencies.
Copyright Reuters, 2013 ...
NEW YORK: The dollar extended gains on Friday against the Japanese yen and pared gains versus the euro after US data showed manufacturing in New York state expanded in February for the first time in seven months.
The dollar last traded at 93.48 yen, up 0.7 percent on the day. It has been trading at about 93.24 before the release of the data.
The euro last traded at $1.3342, down 0.1 percent on the day. It has ...
NEW YORK: The dollar extended gains on Friday against the Japanese yen and pared gains versus the euro after US data showed manufacturing in New York state expanded in February for the first time in seven months.
The dollar last traded at 93.48 yen, up 0.7 percent on the day. It has been trading at about 93.24 before the release of the data.
The euro last traded at $1.3342, down 0.1 percent on the day. It has ...
