Asia
Monday, 10 June 2013 09:52
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TOKYO: The dollar strengthened in Asian trade Monday thanks to a better-than-expected US jobs report, as traders turn their focus to an upcoming policy meeting at the Bank of Japan.In Tokyo morning trade, the dollar was quoted at 98.05 yen, up from 97.56 yen in New York late Friday.The euro fetched $1.3215 and 129.44 yen, against $1.3218 and 128.95 yen.A rally in the greenback, which at one point sunk below 96 yen last week, comes after the Labor Department said Friday that 175,000 jobs were generated in May.While the figures were better than forecasts they were still low enough to prevent the Federal Reserve from reeling back its huge monetary easing programme, which in turn boosted buying sentiment.The next indicators out of the United States are retail sales and factory output, which will provide fresh signs about the state of the world's largest-economy.The BoJ's two-day meeting, which wraps up Tuesday, ...
SHANGHAI: The yuan was flat on Friday even as the central bank set the official guidance rate at an all-time high after the dollar plunged in overnight trade.The dollar index, which tracks the dollar's value against a basket of currencies, hit 81.077 in overnight trade, its lowest level since late February, as markets awaited US jobs data.The People's Bank of China (PBOC) set the midpoint at 6.1620 on Friday morning, up 0.19 percent from Thursday ...
TOKYO: The dollar slid in Asia on Friday as investors flocked to the safe-haven yen as traders grow nervous ahead of a crucial US payrolls report that will provide fresh clues about the state of the world's biggest economy.In Tokyo trade, the dollar fetched 96.53 yen, from 97.07 yen late Thursday in New York, where it sank at one point to as low as 95.88 yen. The greenback has lost around four percent since the ...
TOKYO/SYDNEY: The dollar inched up against the yen on Thursday morning as it continued to shadow the Japanese stock market, where a rout on Wednesday had put the greenback under pressure before disappointing US data sealed a 1 percent drop.The greenback was pulled up 0.1 percent to 99.15 yen by a brief kick-up in the Nikkei share index, which yen traders are now watching closely as foreign investors wind back the hedges they had put ...
SHANGHAI: The yuan declined against the dollar on Thursday despite stronger guidance from the central bank, as market observers see signs that a long-running yuan rally is starting to run out of steam.The People's Bank of China set the daily midpoint at 6.1737 per dollar prior to the market open on Thursday morning, up 0.03 percent from Wednesday's fix.But the spot yuan sank 0.07 percent from Wednesday's close to change hands at 6.1321 per dollar ...
MUMBAI: The Indian rupee posted its biggest single-day fall in a week on Wednesday, hurt by heavy dollar buying by importers, particularly in the oil sector, and weakness in the euro.The rupee fell for the twelfth session in fourteen, taking its losses to 5.2 percent since the start of May and becoming the worst performer in Asia over this period.The falls came a day after the rupee had posted a rare session of gains in ...
SHANGHAI: Spot yuan closed relatively flat on Wednesday in narrow trade but trading volumes were strong and traders saw signs that dollar appetite is returning to the market.The People's Bank of China (PBOC) set the daily midpoint at 6.1757 per dollar Wednesday morning, down 0.04 percent from Tuesday.Spot yuan, however, was little changed, closing at 6.1278 per dollar, just eight pips stronger than Tuesday's close, an increase of 0.01 percent.Transaction volumes were relatively high at ...
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