09262016Mon
Last update: Mon, 26 Sep 2016 05am

Asia

Markets - FXMM - Asia

Dollar slips from 2-week high, focus on BOJ and Fed meetings SINGAPORE: The dollar edged lower on Monday, paring some of the gains made in the wake of strong U.S. inflation data that bolstered bets the Federal Reserve will raise interest rates this year.The dollar index, which measures the greenback's value against a basket of six major currencies, fell 0.2 percent to 95.888. On Friday, it touched 96.108, its strongest level since Sept. 1.U.S. consumer prices rose more than expected in August, data on Friday showed, pointing to a steady build-up of inflation that could allow the Fed to raise interest rates this year.U.S. short-term interest rate futures are now implying a 55 percent chance of the Fed raising interest rates by December, compared to around 47 percent before the CPI data, according to CME Group's FedWatch Tool.The implied probability of the Fed raising interest rates at its policy meeting this week remains low, at 12 percent.It remains to be seen ...

Markets - FXMM - Asia

Solid stocks, oil support Asia FX; Fed, BOJ awaited SINGAPORE: Most emerging Asian currencies rebounded on Monday, tracking higher regional equities ahead of monetary policy decisions in the United States and Japan, while higher oil prices improved risk appetites.China's yuan advanced as the central bank set its daily guidance rate firmer on the currency's strength in the offshore market. Hong Kong's overnight renminbi borrowing rate was fixed at the highest level in eight months.The yuan's strength boosted regional peers such as the Taiwan dollar ...

Markets - FXMM - Asia

Dollar retreats in Asia ahead of Fed, BoJ meet SINGAPORE: The dollar eased in Asia Monday after last week's pick-up as investors await crucial policy meetings at the Federal Reserve and Bank of Japan later this week.The greenback rose Friday after the release of higher-than-forecast US inflation for August strengthened the case for a US interest rate hike.But a series of below-part readings on the economy, including jobs creation and factory activity, have fuelled speculation the central bank will stop short of tightening borrowing ...

Markets - FXMM - Asia

Dollar losses mount as US data douse rate hike talk TOKYO: The dollar extended losses on Friday in Asia as investors bet against a September Federal Reserve interest rate hike following another weak batch of US data.The greenback drew some support over the week following comments from Fed officials hinting that the policy board could lift borrowing costs at next week's meeting.But the chances of such a move were dampened Thursday by the release of figures showing retail sales fell last month and wholesale inflation ...

Markets - FXMM - Asia

Sri Lankan rupee edges down; state bank dollar sales cap fall COLOMBO: The Sri Lankan rupee ended slightly weaker on Thursday as importer dollar demand surpassed sales of the U.S. currency by exporters and a state-run bank, dealers said.The spot rupee ended at 145.75/85 per dollar, compared with Wednesday's close of 145.70/85. One-week forwards closed at 145.90/146.00, compared with the previous close of 145.90/146.05.The spot rupee is usually managed by the central bank and market participants use the forward market levels for guidance on the currency."Importer ...

Markets - FXMM - Asia

Dollar starts week on the back foot, risk aversion buoys yen TOKYO: The dollar began the week on the back foot on Monday as a bout of risk aversion underpinned the yen, though losses were limited as the U.S. currency garnered some support on renewed talk of a possible rate hike by the Federal Reserve as early as this month.The safe-haven yen benefited from a broad drop in equities, with Tokyo's Nikkei slipping to a two-week low. The dollar was down 0.3 percent at 102.445 yen, ...

Markets - FXMM - Asia

China's yuan firms after state banks sell dollars to stabilise currency  SHANGHAI: China's yuan firmed on Monday as state-owned banks sold dollars to keep the currency stable after the Chinese central bank sharply weakened its official fixing, two traders told Reuters.The People's Bank of China set the midpoint rate at 6.6908 per dollar prior to market open, the weakest since Aug. 31, and softer than the previous fix 6.6684.As the official guidance rate neared the psychologically-important threshold of 6.7 per dollar on Monday, traders said state-owned ...