02122016Fri
Last update: Fri, 12 Feb 2016 10am

Asia

Markets - FXMM - Asia

Sri Lankan rupee forwards firmer on dollar inflows; stx weaker COLOMBO: Sri Lankan rupee forwards edged up on Thursday as dollar inflows surpassed demand from importers, but dealers said they expected the currency to depreciate in the months to come due to rising imports and slowing dollar inflows.One-week rupee forwards, which act as a proxy for spot, traded at 144.30/35 per dollar at 0620 GMT, slightly firmer from Wednesday's close of 144.35/40. Rupee forwards have been active since Jan. 27 as there has been little trading in the spot currency, with banks reluctant to trade below the 144.00 level amid moral suasion by the central bank. Central bank officials were not immediately available for comment. "Today there are some inflows. Rupee is trading firmer on dollar sales by a bank due to export proceeds," said a currency dealer asking not to be named. But dealers expect the rupee to come under pressure due to lack of inflow and picking up ...

Markets - FXMM - Asia

Dollar sinks in Asia as Fed boss dampens chance of rate hike SINGAPORE: The dollar retreated across the board in Asia Thursday after comments from Federal Reserve boss Janet Yellen on the weak global economy suggested the central bank will not hike interest rates any time soon.The greenback also sank to late 2014 levels against the yen on the back of a flight to safe investments as markets from Asia to the Americas are buffeted by worries over the global outlook.Testifying before Congress on Wednesday, Yellen made ...

Markets - FXMM - Asia

Yen surges as global market rout extends ahead of Yellen testimony TOKYO: The Japanese yen extended gains against the dollar and the euro on Wednesday as nervous investors fled to safe investments with equity markets plunging on concerns about the global economy.With volatility returning to bourses around the world, attention turns to an address to congress by Federal Reserve boss Janet Yellen later in the day, with expectations she will sound a cautious tone on the bank's interest rate policy."Her hope would be to unwind some ...

Markets - FXMM - Asia

Sri Lankan rupee forwards steady; IMF concerns weigh COLOMBO: Sri Lankan rupee forwards traded steady on Tuesday as mild importer dollar demand offset selling of the greenback by banks, while a statement from the International Monetary Fund urging the country to reduce its fiscal deficit weighed on sentiments, dealers said. Rupee forwards have been active since Jan. 27 as there has been little trading in spot currency, with banks reluctant to trade below the 144.00 level amid moral suasion by the central bank.One-week ...

Markets - FXMM - Asia

Yen soars as equity market turmoil hammers sentiment TOKYO: The yen on Tuesday jumped to its highest level against the dollar since late 2014 as a bloodbath on equity markets stoked investor demand for safe assets.In Tokyo, the greenback dropped below 115 yen as Japan's Nikkei 225 stock index dived almost five percent following a rout in US and European bourses fuelled by worries about the global economy.World markets have suffered a tumultuous start to 2016, hit by a slowdown in the world ...

Markets - FXMM - Asia

Sri Lankan rupee forwards edge down; IMF statement raises concerns COLOMBO: Sri Lankan rupee edged down on Monday due to mild importer dollar demand, though selling of the greenback by banks prevented any further fall amid concerns over a statement by the International Monetary Fund, dealers said. Rupee forwards have been active since Jan. 27 as there has been little trading in spot currency with banks reluctant to trade below the 144.00 level amid moral suasion by the central bank.One-week rupee forwards, which act as ...

Markets - FXMM - Asia

Dollar gains as US jobs report keeps alive rate hike hopes TOKYO: The dollar extended its gains Monday as a closely watched US jobs report fanned speculation that the Federal Reserve may hike interest rates as early as next month.Financial market turmoil and worries about global growth have been weighing on expectations for more rate hikes this year.But Friday's upbeat employment report has reignited speculation the US central bank will raise borrowing costs again -- a plus for the greenback.The January jobs report showed hiring eased ...