08292016Mon
Last update: Mon, 29 Aug 2016 05am

Asia

Markets - FXMM - Asia

SINGAPORE: The Thai baht touched a 13-month high on Friday, supported by recent inflows into local bonds and equities, while the South Korean won edged higher on dollar-selling by local exporters.Asian currencies were generally steady to firmer against the dollar ahead of US Federal Reserve Chair Janet Yellen's speech, which could provide hints on when the Fed will raise interest rates.Yellen's speech at the Fed's annual conference in Jackson Hole, Wyoming is due at 1400 GMT."Given prevailing market scepticism, any reference to phrases like 'the next meeting' being 'live' would undoubtedly precipitate a US dollar surge," Emmanuel Ng, foreign exchange strategist at OCBC Bank, said in a note.The Fed has kept interest rates on hold after raising them last December, its first hike in nearly a decade, and uncertainty remains on whether it will increase rates this year.According to CME Group's FedWatch tool, US interest rate futures are now implying ...

Markets - FXMM - Asia

Baht hits 13-month high vs dollar, buoyed by inflows SINGAPORE: The Thai baht touched a 13-month high on Friday, supported by recent inflows into local bonds and equities, while the South Korean won edged higher on dollar-selling by local exporters.Asian currencies were generally steady to firmer against the dollar ahead of US Federal Reserve Chair Janet Yellen's speech, which could provide hints on when the Fed will raise interest rates.Yellen's speech at the Fed's annual conference in Jackson Hole, Wyoming is due at 1400 ...

Markets - FXMM - Asia

Sri Lankan rupee stronger on foreign bank dollar sales COLOMBO: The Sri Lankan rupee traded stronger on Friday as a foreign bank sold dollars while importers buying greenback slowed down as they awaited further appreciation, dealers said.The rise also comes as the government is increasing its three-year loan to $700 million from an initial target size of up to $500 million, in the country's largest syndicated facility.At 0800 GMT, the spot rupee was at 145.65/75 per dollar, firmer from Thursday's close of 145.80/90, while ...

Markets - FXMM - Asia

South Korean won ends up on late dollar-selling, stocks tread on water SEOUL: The South Korean won extended gains on Thursday as dollar-selling picked up toward late trade. The won was quoted at 1,115.9 to the dollar at the conclusion of onshore trade, up 0.5 percent compared to Thursday's close of 1,122.0.South Korean shares were little changed with the Korea Composite Stock Price Index (KOSPI) closing at 2,042.92 points.Offshore investors sold a net 318.7 billion won ($285.68 million) worth of KOSPI shares for the day.Copyright Reuters, 2016 ...

Markets - FXMM - Asia

Dollar edges lower as market awaits Yellen speech TOKYO: The dollar was barely moved Thursday ahead of a speech by Federal Reserve boss Janet Yellen that could shed light on whether a 2016 rate hike is still on the cards. With the economic calendar relatively light this week, investors largely stayed on the sidelines before Yellen's remarks at the Jackson Hole symposium of global bankers Friday.In Tokyo morning trade, the greenback ticked down to 100.44 yen from 100.45 yen Wednesday in New York, ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on importer dollar demand COLOMBO: The Sri Lankan rupee ended slightly weaker on Wednesday as importer dollar demand surpassed declining sales of the greenback by exporters, dealers said.The local currency traded below 145.50 per dollar as the central bank did not intervene to defend the rupee, they added.The spot rupee ended at 145.55/58 per dollar, compared with Tuesday's close of 145.50/55."The rupee ended weaker on importer demand," a currency dealer said, asking not to be named."The central bank was ...

Markets - FXMM - Asia

South Korean won ends lower on dollar strength, stocks edge down SEOUL: The South Korean won slipped on Wednesday as the dollar strengthened, helped by solid US home sales data. The won was quoted at 1,122.0 to the dollar at the conclusion of onshore trade, down 0.6 percent from Tuesday's close of 1,115.6.South Korean shares also edged down , as market participants held their positions ahead of the Jackson Hole meeting of global central banks.The Korea Composite Stock Price Index (KOSPI) closed down 0.3 percent at ...