Asia
Tuesday, 14 May 2013 10:01
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TOKYO: The dollar's rally against the yen stumbled in Asian trade on Tuesday as investors looked for concrete signs that the US Federal Reserve would roll back its huge bond-buying programme.The dollar broke through the 102-yen level in Asian trading Monday on the back of speculation that the Fed could be the first among major central banks to roll back its quantitative easing policy, as fresh data point to a brighter outlook for the world's biggest economy.A weekend article in the Wall Street Journal said the Fed had come up with a strategy to wind down its $85-billion per month bond-buying programme, which has placed downward pressure on the dollar.The story "continues to reverberate, despite the absence in the piece of any hints as to when the Fed might actually begin the process or precisely what form it (might) take", said National Australia Bank (NAB).In afternoon Tokyo trade, the dollar ...
TOKYO: The dollar broke through the 102-yen level in Asian trading Monday after Tokyo sidestepped criticism over the unit's steep decline at a weekend G7 meeting in Britain.Speculation that the US Federal Reserve could be the first among major central banks to roll back its huge monetary easing policy also boosted the dollar as data pointed to a brighter outlook for the world's biggest economy.Markets are keeping a close eye on US retail sales later ...
MUMBAI: The Indian rupee posted its biggest single-day fall in four months on Friday, as the dollar's strength against global currencies and demand from oil and gold importers offset gains in domestic shares that have been driven by strong foreign flows.The drop led the currency to post its biggest weekly fall in six months.The yen slid to a four-year low against the dollar on Friday after better US data sparked talk the Federal Reserve may ...
SHANGHAI: China's yuan ended slightly lower on Friday, drifting from its all-time high hit in the previous session, after the central bank set its official midpoint weaker to reflect a rally in the dollar index overnight, traders said.Spot yuan closed at 6.1417 against the dollar, slipping from 6.1309 at the close on Thursday. The PBOC fixed its midpoint at 6.2016 before trade began, weaker than Thursday's all-time high midpoint of 6.1925.Guided by a series of ...
TOKYO: The yen was trading firmer against the dollar in Asia on Thursday with few fresh market leads ahead of the Group of Seven meeting of finance chiefs starting Friday.In morning Tokyo trade, the euro fetched $1.3157 and 130.12 yen against $1.3156 and 130.35 yen in US trade on Wednesday, when the single European currency gained ground after a surprisingly strong report on German industrial output in March.The dollar eased to 98.86 yen from 99.01 ...
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