05032016Tue
Last update: Tue, 03 May 2016 01pm

Asia

Markets - FXMM - Asia

South Korean won inches up while ECB meeting eyed; stocks rise SEOUL: The South Korean won strengthened slightly on Thursday, its third straight day of gains, while traders awaited decisions from a European Central Bank policy meeting. The won was quoted at 1,132.9 to the dollar at the conclusion of onshore trade, up 0.2 percent compared to Wednesday's close of 1,135.2.South Korean shares rose, mainly due to foreigners being net buyers for a seventh straight day.The Korea Composite Stock Price Index (KOSPI) closed up 0.8 percent at 2,022.10 points.On Thursday, foreigners were net buyers of 157.8 billion won ($139.44 million) of shares.Copyright Reuters, 2016 ...

Markets - FXMM - Asia

Euro rangebound ahead of ECB meeting TOKYO: The euro dipped in Asia on Thursday ahead of a closely watched European Central Bank policy meeting later in the day that comes as its officials are engaged in a public spat with the eurozone's biggest economy Germany.While it is not expected to add to last month's monetary easing measures, traders will focus on a news conference by bank chief Mario Draghi hoping he will give some forward guidance on policy."The ECB is very ...

Markets - FXMM - Asia

South Korea won moves gingerly ahead of ECB decision; stocks edge up SEOUL: The South Korean won zigzagged in and out of negative territory on Thursday as a wait-and-see mood spread ahead of an European Central Bank interest rate decision later in the day.The won, which touched a more than five-month high on Wednesday at 0221 GMT stood at 1,135.3 to the dollar, barely changed from Wednesday's close of 1,135.2."Although the dollar strengthened globally, the won is not reacting much since the investors are cautious ahead of ...

Markets - FXMM - Asia

China's yuan edges lower as dollar rebounds SHANGHAI: The yuan eased against the dollar on Thursday, after the central bank fixed a softer midpoint as the dollar index pulled away from an eight-month trough.The dollar index, which tracks the greenback against a basket of major currencies, rose 0.5 percent overnight as the euro wobbled in the lead up to a policy meeting by the European Central Bank, and retained its gains in Thursday Asian trade.As such, the People's Bank of China set ...

Markets - FXMM - Asia

EM ASIA FX: Firm dollar hurts Asia FX; baht underperforms after Thai central bank warning SINGAPORE: Emerging Asian currencies slid on Thursday as broad strength in the dollar prompted traders to book profits from their recent gains ahead of the European Central Bank's policy meeting.Thailand's baht led regional losses after the Bank of Thailand on Wednesday said it is ready to act if the currency's moves affect the economy.The Indonesian rupiah eased ahead of Bank Indonesia's monetary policy decision later in the day. The central bank is expected to keep ...

Markets - FXMM - Asia

Sri Lanka 5-day rupee forwards end firmer on state bank dollar selling COLOMBO: Sri Lankan five-day rupee forwards ended slightly firmer on Wednesday on selective dollar selling by a state bank despite demand for the greenback from importers, and as moral suasion by the central bank prevented a further fall, dealers said.The five-day forwards, which are known as spot next and act as a proxy for the spot currency, ended at 146.30/60 per dollar compared with Tuesday's close of 146.50/60."A state bank sold dollars to (facilitate) select ...

Markets - FXMM - Asia

Yen picks up as falling oil prices dent sentiment TOKYO: The yen picked up Wednesday as caution returned to markets after oil prices resumed their slide, while traders speculate over the odds of the Bank of Japan unleashing fresh stimulus.After surging in New York, oil prices turned lower in response to news a strike in major producer Kuwait had been wound up.The walkout had provided some much-needed support to crude, after the collapse of weekend talks between OPEC and non-OPEC giants aimed at limiting ...