Asia
Monday, 20 May 2013 11:21
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TOKYO: The dollar eased in Asia on Monday after a Japanese minister said the recent correction against the yen was nearly over, but analysts said the greenback would soon resume its climb.The dollar was changing hands at 102.69 yen in Tokyo afternoon trade, down from 103.19 yen in New York late Friday but still up from the lower 102-yen range seen before the Tokyo market closed on Friday.The euro was quoted at $1.2841 and 131.86 yen against $1.2834 and 132.44 yen in US trade.The dollar was supported at 102.60 yen and could test 104 yen in the short-term after breaching 103 yen late Friday, said Citibank Japan chief forex strategist Osamu Takashima.The greenback dipped early Monday after Economy, Trade and Industry Minister Akira Amari on Sunday suggested the Japanese government may not want the yen to weaken further.Responding to a question on how far the unit should fall, Amari said: ...
MUMBAI: India's foreign exchange reserves fell to $293.69 billion as of May 10, from $294.31 billion in the previous week, the central bank said on Friday.Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, the Reserve Bank of India said in its weekly statistical supplement.Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF).Copyright Reuters, 2013 ...
TOKYO: The dollar gained slightly in Asia on Friday as investors cautiously adjusted their positions following the unit's recent surge.The US currency was at 102.27 yen in early Asian trade against 102.22 yen in New York late Thursday.The euro bought $1.2868 and 131.57 yen against $1.2886 and 131.72 yen in US trade.In early Tokyo trade, the dollar briefly fell near the 102-yen mark but had rebounded by late morning.Support for the dollar was firm as ...
SHANGHAI: China's yuan closed slightly lower on Thursday for the second day on the back of an overnight rally in the dollar in global markets.But the yuan is likely to retain its recent strength as central bank data showed capital continued to flow into the country on a large scale.Traders said the inflows have produced an abundance of dollars in the market that nobody appears to want.Spot yuan closed at 6.1492 against the dollar, slipping ...
TOKYO: The dollar slipped against the yen in Asia on Thursday as investors locked in profits on the greenback's recent surge, while the euro was weak on gloomy European growth data.The currency market's reaction to upbeat Japan economic growth data was muted despite figures showing the world's third-largest economy expanded 0.9 percent between January and March from the previous three months.In morning Tokyo trade, the dollar bought 102.05 yen, briefly falling below the 102-yen mark ...
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