Wednesday, 22 May 2013 14:06
Posted by Shoaib-ur-Rehman Siddiqui
SEOUL: The South Korean won fell against the dollar on Wednesday as investors turned cautious ahead of a speech by US Federal Reserve Chairman Ben Bernanke later in the day that may offer clues on its bond buying programme.On the Seoul stock market, foreign investors were net buyers for a fourth consecutive session -- the longest since early March -- but this as well as the Bank of Japan's decision to keep its policy failed to move the currency market.The South Korean currency ended the session at 1,114.0 per dollar, down from Tuesday's local close of 1,110.6."I think Bernanke won't make any remark signalling a big change in the US policy, and (after that event) there are factors in favour of the won's strengthening such as foreign stock purchases," said a domestic bank dealer.The Seoul stock market's KOSPI rose 0.64 percent, led by foreign purchases totalling a net 135 billion ...
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SEOUL: The South Korean won fell against the dollar on Wednesday as investors turned cautious ahead of a speech by US Federal Reserve Chairman Ben Bernanke later in the day that may offer clues on its bond buying programme.On the Seoul stock market, foreign investors were net buyers for a fourth consecutive session -- the longest since early March -- but this as well as the Bank of Japan's decision to keep its policy failed to move the currency market.The South Korean currency ended the session at 1,114.0 per dollar, down from Tuesday's local close of 1,110.6."I think Bernanke won't make any remark signalling a big change in the US policy, and (after that event) there are factors in favour of the won's strengthening such as foreign stock purchases," said a domestic bank dealer.The Seoul stock market's KOSPI rose 0.64 percent, led by foreign purchases totalling a net 135 billion ...
TOKYO: The yen edged down against the dollar and euro in Asia on Wednesday after Japan posted its worst ever April trade deficit, fuelling yen-negative sentiment.News that the Bank of Japan announced no fresh policy measures after a two-day policy meeting triggered yen-buying but it soon fizzled.The dollar was quoted at 102.55 yen in Tokyo afternoon trade against 102.47 yen in New York late Tuesday.The euro also firmed to 132.43 yen from 132.26 yen in ...
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's assigned Turkey a Baa3 rating with stable outlook on Thursday making ...
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 $1.2884.The dollar had ...
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 weaker in early trade ...
