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Last update: Mon, 23 Jan 2017 09pm

Asia

Markets - FXMM - Asia

Dollar bounces back near 14-year peak, yen slips after BOJ TOKYO: The dollar was bouncing back towards its 14-year high against a basket of major currencies on Tuesday as the yen quickly gave up some of its gains following deadly incidents in Turkey and Germany.The U.S. dollar remained well-bid against many other currencies, with its index rising back to 103.36 from Monday's low of 102.52, coming within sight of its 14-year peak of 103.56 touched on Thursday.The dollar was helped in part by upbeat comments from Federal Reserve Chair Janet Yellen on the U.S. jobs market.Expectations that the incoming Trump Administration's planned tax cuts and fiscal spending could lead to higher U.S. growth and inflation has lifted U.S. bond yields and the dollar since last month."The dollar is rising on expectations of Trump's policies and I think the rally will continue as long as there are uncertain elements to his policies," said Kazushige Kaida, head of foreign exchange at State ...

Markets - FXMM - Asia

Yen, Swiss franc firm after incidents in Ankara, Berlin TOKYO: The yen dipped only briefly after the Bank of Japan stood pat as widely expected on Tuesday, keeping much of its gains after separate deadly incidents in Turkey and Germany raised security worries in the West.The safe-haven Swiss franc also held firm near six-month highs versus the euro. The dollar was well bid after upbeat comments from Federal Reserve Chair Janet Yellen.The U.S. currency last traded at 117.22 yen, showing only minor price action ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on mild importer dollar demand COLOMBO: The Sri Lankan rupee slipped on Monday on mild importer dollar demand, as the market braced for declines in the local currency with the central bank raising the spot reference rate following a hike in U.S. interest rates, dealers said.The U.S. Federal Reserve raised interest rate by 25 basis points on Wednesday and signalled a faster pace of increases in 2017 as central bankers adapted to the incoming Donald Trump administration's promises of tax ...

Markets - FXMM - Asia

South Korea won, stocks flat as markets cautious before Yellen speech, BOJ SEOUL: The South Korean won was slightly down early on Monday as investors kept to the sidelines ahead of a speech by Federal Reserve Chair Janet Yellen and the outcome of the Bank of Japan's policy meeting.The won was quoted at 1,185.9 as of 0157 GMT, down 0.2 percent compared to the previous close of 1,183.9, the fourth straight session of losses. The currency hit a low of 1,187.2, the weakest since late June of ...

Markets - FXMM - Asia

China's yuan firms after surprisingly strong midpoint  SHANGHAI: China's yuan firmed against the dollar on Monday after the central bank set a much stronger midpoint than the market had expected, traders said.The People's Bank of China set the midpoint rate at 6.9312 per dollar prior to the market opening, compared with traders' expectations of around 6.95. Monday's official guidance rate was 196 pips, 0.28 percent firmer than the previous 6.9508."We don't know why the midpoint was set at that level, but it ...

Markets - FXMM - Asia

Dollar pulls away from 14-year peak as investors take profits TOKYO: The dollar edged lower in Asian trading on Monday as some investors took profits after its rise last week to a 14-year peak against a currency basket, though it remained underpinned by expectations of more U.S. interest hikes in the coming year.The Federal Reserve's interest rate forecasts released on Wednesday, after its widely expected rate increase, showed three more hikes in 2017, which fuelled the dollar's rise to last week's highs.The dollar index, which ...

Markets - FXMM - Asia

Asian currencies on defensive; ringgit matches post-1998 lows SINGAPORE: The Malaysian ringgit matched a post-1998 low set last year and the South Korean won hit a nearly six-month low on Monday, after the US Federal Reserve last week signalled a faster-than-expected pace of interest rate rises in 2017.While the size of Monday's moves was small, Asian currencies were trading at levels that underscored their weak tone against the US dollar.The Malaysian ringgit eased a tad to 4.4770, matching a 17-year low touched in ...