01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Asia

Markets - FXMM - Asia

Sri Lankan rupee ends lower; central bank sets spot ref rate at record low COLOMBO: The Sri Lankan rupee ended marginally weaker on Friday on importer dollar demand and with the central bank adjusting the spot reference rate to a record low of 150.15 rupees per dollar, dealers said. The rupee has been under pressure due to rising imports and net selling of government securities by foreign investors, they added. Rupee forwards were active, with two-week forwards ended at 150.60/70 per dollar, weaker from Wednesday's close of 150.55/65. "Today, the demand (for dollar) was there and it looks like the demand is building up again and the rupee will weaken further," a currency dealer said, asking not to be named. The Central bank on Friday adjusted the spot reference rate by 15 cents to a fresh record low of 150.15 per dollar from 150, dealers said. The spot rupee was hardly traded, dealers said. One-week forwards also were not actively traded since Dec. 30. ...

Markets - FXMM - Asia

Sri Lankan rupee falls on dollar demand from foreign banks, importers COLOMBO: The Sri Lankan rupee traded weaker on Friday due to dollar buying by foreign banks and importers, but the central bank's moral suasion continued to prevent further decline, days after the monetary authority signalled a change in its intervention policy. Rupee forwards were active, with one-month forwards trading at 151.20/40 per dollar at 0639 GMT, compared with Thursday's close of 151.00/20."Today two-week forwards are trading actively, but we don't see one-week forwards after yesterday's ...

Markets - FXMM - Asia

Bitcoin nears all-time high as it becomes 'safe haven' asset HONG KONG: Bitcoin neared its all-time high Thursday, with the surging digital currency tipped to become a new safe haven asset as the world grapples with growing economic uncertainty. The unit broke the $1,100 barrier on the Bitcoin Price Index, an average of major exchanges, to continue a dizzying rise that made it the best performing currency of 2016.It has fluctuated wildly since it was created in 2009 and lost three quarters of its value ...

Markets - FXMM - Asia

China's new rule on yuan transfers not a capital control measure BEIJING: China's new rules on cash transactions and overseas transfers of yuan currency are not forms of capital controls, the state news agency Xinhua said, citing a central bank economist. Banks and other financial institutions in China will have to report all domestic and overseas cash transactions larger than 50,000 yuan ($7,201.50), compared with 200,000 yuan previously, the central bank said on Friday.Ma Jun, chief economist of the People's Bank of China (PBOC), said the ...

Markets - FXMM - Asia

Sri Lankan rupee ends steady amid moral suasion COLOMBO: The Sri Lankan rupee closed steady on Thursday as light importer dollar demand was met by exporter selling and moral suasion by the central bank boosted sentiment, dealers said. They said the local currency might weaken in January after the central bank's comment on Friday that the rupee's depreciation was not necessarily negative for the economy. Rupee forwards were active with one-week forwards closing steady at 150.15/25 per dollar. Spot-next forwards and the spot ...

Markets - FXMM - Asia

Dollar sags vs yen on lower US yields, ebb in risk appetite TOKYO: The dollar sagged against the yen on Thursday, weighed down by US yields slipping to two-week lows and an ebb in risk appetite that favoured the safe-haven Japanese currency.The dollar was down 0.4 percent at 116.800 yen, having come down from a high of 117.815 touched overnight.Treasury yields fell in the wake of weaker-than-expected US pending home sales data and a robust debt auction.The greenback also felt pressure from the safe-haven yen, which provided ...

Markets - FXMM - Asia

Won and Taiwan dollar touch fresh multi-month lows SINGAPORE: The South Korean won and Taiwan dollar set fresh multi-month lows on Wednesday, after strong US economic data reinforced expectations that the Federal Reserve would be more hawkish in 2017.The won touched a 9-1/2 month low of 1,208.5 per US dollar as of 0447 GMT. The Taiwan dollar set a 5-1/2 month low of 32.318.Both the won and the Taiwan dollar have come under renewed pressure against the greenback after the Fed earlier this ...