Asia
Friday, 24 May 2013 12:45
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TOKYO: Yen trading was volatile in Asia on Friday in tandem with wild swings on the Tokyo stock market, but some analysts said the Japanese currency's weakening trend was likely to continue.In afternoon deals, the dollar weakened to 101.73 yen, compared to 101.82 in New York late Thursday, after jumping over the 102.50-yen level in morning trade.Euro-yen trading also zigzagged, buying 131.54 yen in the afternoon from 131.72 yen in New York and over the 132-yen mark in Friday morning deals. The euro was almost flat at $1.2934.Also Friday, the benchmark Nikkei 225 stock index soared in the morning and then briefly plunged in the afternoon before closing up 0.89 percent to 14,612.45.The Nikkei and yen trading are closely linked with a weaker currency tending to boost the market as it makes exporters' more competitive overseas and boosts their repatriated foreign income."The yen's broader weakening trend will likely continue," said ...
TOKYO: The dollar fell more than one yen from the day's high, edging closer to a two-week low hit the previous day as Japanese shares pared gains, in a move reminiscent of the stock market's 7 percent plunge the previous day.The dollar fell to 101.545 yen, edging closer to the two-week low of 100.83 yen hit on Thursday.Copyright Reuters, 2013 ...
TOKYO: The yen weakened against other major currencies in Asian morning trade on Friday as risk sentiment improved, with Tokyo stocks bouncing back following the previous day's seven-percent plunge.The dollar rose to 102.33 yen in Tokyo from 101.82 yen in New York late Thursday as the benchmark Nikkei 225 index at the Tokyo Stock Exchange jumped over three three percent in early trade.The euro also climbed against the Japanese currency to 132.15 yen from 131.72 ...
MUMBAI: The Indian rupee fell below the key psychological level of 56 to the dollar on Thursday, its lowest level in over 8-1/2 months, as the dollar rallied on worries about a potentially early end to US monetary stimulus.The rupee fell to as low as 56.01, its lowest since Sept. 6, 2012. At 0619 GMT, it was at 55.98/00 to the dollar versus its previous close of 55.46/47. Copyright Reuters, 2013 ...
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 ...
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