02102016Wed
Last update: Wed, 10 Feb 2016 07am

Asia

Markets - FXMM - Asia

India rupee sees biggest single-day fall in a month; FM awaited MUMBAI: The Indian rupee saw its biggest decline in a month on Monday as investors covered short dollar positions ahead of the swearing in ceremony of Prime Minister-designate Narendra Modi, with all eyes set on the allocation of key portfolios.Investors are particularly keen on knowing who the country's new finance minister is -- likely to be ex-Commerce Minister Arun Jaitley, who is seen as the only obvious candidate for that role, according to two sources in the ruling party.Indian shares ended flat in a volatile session, giving up earlier gains of nearly 2 percent due to profit-taking in blue-chips such as IDFC while caution ahead of Modi's ministerial appointments also weighed."We could see the pair target a high of 59.27-30 levels this week. We have the GDP data this week, but that is likely to be ignored. Market will be watching Modi and his team for cues," said Hari Chandramgethen, ...

Markets - FXMM - Asia

Stocks support Asia FX in thin trading; baht underperforms on politics SINGAPORE: Most emerging Asian currencies rose on Monday with regional shares at a one-year high, while the Thai baht underperformed most of its peers due to political uncertainty in the wake of a military coup.Trading was subdued with offshore interest subdued as US and British financial markets are closed on Monday.The Indonesian rupiah rose on bond inflows and the Malaysian ringgit gained on daily-fixing demand.Taiwan's dollar advanced as local stocks hit their highest closing level ...

Markets - FXMM - Asia

Sri Lanka rupee steady in dull trade; bourse up COLOMBO: The Sri Lankan rupee traded steady on Monday in light business as importer demand for dollars absorbed exporter dollar inflows, but dealers expect the currency to face upward pressure due to steady inflows amid slack demand for imports and credit. The rupee traded steady at 130.40/45 per dollar at 0634 GMT. Central bank Governor Ajith Nivard Cabraal told Reuters on Friday the currency was performing as the bank expected, and there was no pressure ...

Markets - FXMM - Asia

Euro down in Asia on weak German business confidence TOKYO: The euro extended its losses against the dollar in Asia on Monday after hitting a three-month low last week in response to a soft reading in a German business confidence index.In afternoon Tokyo trading, the euro fetched $1.3618 and 138.80 yen, down from $1.3632 and 138.91 in New York on Friday.The dollar was flat at 101.93 yen from 101.92 in New York Friday but well up from the 101.72 yen seen also on Friday ...

Markets - FXMM - Asia

Yuan consolidates after weakest midpoint in eight months HONG KONG: China's yuan slipped on Monday after its central bank fixed the daily trading midpoint against the dollar at its weakest level since September in a sign that it would continue to keep a strict vigil on any speculative capital inflows.While capital inflows in search of carry and an appreciating currency have slowed in recent weeks thanks to the People's Bank of China's policy to actively weaken its currency and widen its trading band, ...

Markets - FXMM - Asia

Indian rupee hits 11-month high before RBI steps in MUMBAI: The Indian rupee retreated from an 11-month high to fall on Friday as the central bank stepped in to temper gains being sparked by continued expectations of robust foreign inflows and a rally in domestic shares.The currency still rose 0.4 percent for the week, posting its fourth straight weekly gain and its longest winning streak in 16 months on hopes the Bharatiya Janata Party's landslide win last week would bring a new government willing ...

Markets - FXMM - Asia

Buoyant sentiment boosts dollar in Asia trade TOKYO: Buoyant investor sentiment lifted the dollar against the yen and euro in Asia on Friday, while the Thai baht logged modest gains after a military coup that followed months of deadly street protests.In midday Tokyo trading, the greenback fetched 101.78 yen compared with 101.72 yen in New York Thursday.The euro inched up to 138.92 yen from 138.90 yen while it slipped to $1.3648 from $1.3653, following a slight downturn in a key eurozone gauge ...