09262016Mon
Last update: Mon, 26 Sep 2016 03pm

Asia

Markets - FXMM - Asia

Sri Lankan rupee slips on seasonal importer dollar demand COLOMBO: The Sri Lankan rupee edged down on Monday as seasonal demand for dollar from importers outpaced sales by exporters and banks, dealers said.Rupee forwards were actively traded on Monday in the absence of active spot trading.The spot-next forwards were at 146.40/45 per dollar, edging down from Friday's close of 146.30/40. One-week forwards were at 146.55/65, weaker from Friday's close of 146.45/55.The spot rupee was trading at 146.35/45 per dollar at 0556 GMT, compared to Friday's 145.90/146.35. Dealers said the spot rupee was hardly traded on Monday."We see some usual seasonal importer demand coming into the market and the market expects the rupee to be under downward pressure until December," a currency dealer said, asking not to be named.The spot rupee is usually managed by the central bank and market participants use the forward market levels for guidance on the currency.Officials from the central bank were not available for comment.Dealers ...

Markets - FXMM - Asia

China's yuan dips as banks ready for long holidays, SDR inclusion  SHANGHAI: China's yuan weakened slightly on Monday as banks squared their books ahead of a long national holiday and the end of the quarter.The People's Bank of China set the midpoint rate at 6.6744 per dollar prior to the market open, weaker than the previous fix of 6.667.In the spot market, the yuan opened at 6.6701 per dollar and was changing hands at 6.6701 at midday, 3 pips weaker than the previous late session close ...

Markets - FXMM - Asia

Dollar edges lower ahead of US presidential debate TOKYO: The dollar slipped against the yen and euro Monday as traders shift focus from central bank policy to the US presidential election and the candidates' first televised debate.Last week's trading was dominated by sharper monetary policy signals from the Bank of Japan and US Federal Reserve.The moves by the central banks Wednesday -- the BoJ overhauling its stimulus programme to target inflation while the Fed also pressing on with policies that makes cash cheep ...

Markets - FXMM - Asia

China to launch yuan direct trading pairs with Saudi riyal, UAE dirham BEIJING: China has agreed to establish a direct trading pair between its yuan currency and the Saudi Arabian riyal, the China foreign exchange trading platform operator said on Friday. China will also establish a direct trading pair between the yuan and United Arab Emirates' dirham, the China Foreign Exchange Trade System (CFETS) said in an online statement.Both trading pairs will be effective from September 26, according to the statement.Copyright Reuters, 2016 ...

Markets - FXMM - Asia

Yen dips as Japan officials warn over unit's strength TOKYO: The yen retreated Friday as Japanese officials repeated warnings they could step into currency markets to tame the soaring unit, which threatens profits at the country's exporters.Traders piled into the yen against the dollar after the Fed on Wednesday kept interest rates ultra-low, saying it needed to see a stronger economy before tightening monetary policy.Japan's top government spokesman, Yoshihide Suga, on Friday said the government was "concerned" by the stronger yen, telling reporters: "We ...

Markets - FXMM - Asia

Sri Lankan rupee edges up on bank dollar sales; stocks up COLOMBO: The Sri Lankan rupee edged up on Thursday as dollar sales by a foreign bank helped currency forwards outpace importer dollar demand, but the market expects the rupee to be under downward pressure due to a rise in demand for imports, dealers said.Rupee forwards were actively traded and one-week forwards were at 146.30/40 at 0645 GMT, firmer from Wednesday's close of 146.60/70."The one-week forwards traded at 146.55 in early trade. But they appreciated due ...

Markets - FXMM - Asia

China's yuan weakens, investors pick up dollars after Fed-driven slide  SHANGHAI: China's yuan eased on Thursday despite a broadly weaker dollar as investors bought the US currency on the cheap after the US Federal Reserve left rates on hold and signalled a slower pace of future rate hikes.Traders also shrugged off a higher mid-point rate set by the People's Bank of China, at 6.6513 per dollar - the strongest level since Aug.26, and firmer than the previous fix at 6.6738.The spot market opened at 6.6611 ...