02092016Tue
Last update: Tue, 09 Feb 2016 08am

Asia

Markets - FXMM - Asia

Dollar moves narrowly in Asia trade TOKYO: The dollar held up against the yen and euro in Asia on Wednesday as dealers await the release of key US data later in the week.The greenback was changing hands at 101.92 yen in Tokyo midday trade, marginally down from 101.98 yen in New York Tuesday afternoon.The euro bought $1.3605 against $1.3606 while inching down to 138.67 yen from 138.75 yen.Not much of the data released Tuesday was terribly directional, said National Australia Bank in a note.The dollar was unable to break away from the yen in New York despite the US Conference Board saying consumer confidence increased for the second straight month in June to its highest level since January 2008.Separately, the Commerce Department said sales of new homes in May hit their highest pace since 2008. Sales surged 18.6 percent month-on-month to 504,000 units as the country moved out of the winter lull. Also, sales were nearly ...

Markets - FXMM - Asia

Sri Lanka rupee weaker on import demand; Iran crude import concerns weigh COLOMBO: The Sri Lankan rupee ended at a three-week low on Tuesday on importer dollar demand, while dealers voiced concerns about possible U.S. sanctions after the country imported Iranian crude via third parties.Dealers said the rupee would be under pressure if the United States takes any action against Sri Lanka for importing Iranian crude via third parties.The rupee ended at 130.32/35 per dollar, its lowest since June 3 and weaker from Monday's close of 130.25/30.Currency ...

Markets - FXMM - Asia

Indian rupee snaps two-day fall as shares gain MUMBAI: The Indian rupee gained on Tuesday, snapping a two-session falling streak as gains in the domestic share market prompted good dollar selling by custodian banks, but month-end demand from importers limited a further rise.Traders expect the rupee to remain in a broad 59.50 to 60.50 per dollar range until the federal budget on July 10.Month-end demand for dollars from importers, particularly oil firms, is expected to keep a downward bias on the rupee over ...

Markets - FXMM - Asia

Sri Lanka rupee edges down on import demand; concerns remain over Iran crude COLOMBO: The Sri Lankan rupee traded slightly weaker on Tuesday as importer dollar demand outpaced greenback sales by exporters, while dealers raised concerns about possible US sanctions after the country imported Iran crude via third parties. Dealers said the rupee would be under pressure if the United States takes any action against Sri Lanka for importing Iranian crude via third parties. The rupee was at 130.28/32 per dollar at 0653 GMT weaker from Monday's close ...

Markets - FXMM - Asia

Euro holds up against dollar in Asia TOKYO: The euro held up against the dollar in Asia on Tuesday despite poor economic data for the 18-nation eurozone pointing to slowing growth.The common currency bought $1.3594 in Tokyo afternoon trade against $1.3601 in New York Monday afternoon, although it slid to 138.49 yen from 138.65 yen.The dollar fetched 101.91 yen against 101.94 yen.The euro was almost flat after disappointing data on the bloc's business activity."The risk-on attitude remains fashionable on capital markets, driven ...

Markets - FXMM - Asia

Dollar bloc currencies outshine G3, Japan growth strategy eyed SYDNEY/TOKYO: The dollar-bloc currencies held onto gains on Tuesday, having outperformed their G3 peers on optimism about Chinese growth. Given the absence of catalysts in early Asian trading, markets looked to the Japanese government to deliver its latest instalment of long-term economic policies later in the day.The Canadian dollar traded at C$1.0725, not far from a 5-1/2 month peak of C$1.0717 per US dollar. Both the Australian and New Zealand dollars were at $0.9424 and ...

Markets - FXMM - Asia

China's yuan steady, central bank and oil prices in focus HONG KONG: China's yuan was broadly unchanged on Tuesday in subdued trading, as firmer oil prices offset optimism from a survey showing stronger Chinese manufacturing activity.The yuan was changing hands at 6.2275 per dollar in mid-morning trade, slightly weaker than Monday's close of 6.2266 per dollar. It hit a one-month low of 6.2639 per dollar on May 28, according to Thomson Reuters data.The People's Bank of China fixed the daily trading midpoint at 6.1545 per ...