02132016Sat
Last update: Sat, 13 Feb 2016 01am

Asia

Markets - FXMM - Asia

Sri Lankan rupee steady amid importer dollar demand, outflows COLOMBO: The Sri Lankan rupee closed unchanged on Wednesday amid importer dollar demand and foreign outflows from t-bonds, as banks were reluctant to trade below the 144.00 level desired by the central bank, dealers said."We saw foreign investors selling some bonds," a dealer said asking not to be named. Another dealer said there was importer dollar demand and nobody was trading the spot rupee below 144.00.The spot rupee ended flat at 144.00/20 per dollar.The rupee forwards and swaps were actively traded on Wednesday, the second dealer said.Dealers said the one-week forward, which acted as a proxy for the spot currency, ended steady at 144.30/50 per dollar.The rupee is under pressure despite a 150-basis-point increase in commercial banks' statutory reserve ratio from Jan. 16. The central bank kept its key policy interest rates unchanged on Monday.Commercial banks parked 62.1 billion rupees ($433.81 million) of surplus liquidity on Wednesday using the central ...

Markets - FXMM - Asia

Sri Lankan rupee steady despite importer demand, outflows COLOMBO: The Sri Lankan rupee was steady on Wednesday despite importer dollar demand and foreign outflows from t-bonds, as banks were reluctant to trade below the 144.00 level desired by the central bank, dealers said."We saw foreign investors selling some bonds," a dealer said asking not to be named. Another dealer said there was importer dollar demand and nobody was trading the spot rupee below 144.00.The rupee forwards and swaps were actively traded on Wednesday, ...

Markets - FXMM - Asia

Dollar slips ahead of Fed's first 2016 meeting TOKYO: The dollar slipped against the yen and most emerging currencies Wednesday as markets focus on the Federal Reserve's first meeting of the year.The US central bank is not expected to announce any change in monetary policy after the meeting ends later Wednesday, following its historic interest rate raise in December.But dealers will pore over its post-meeting statement looking for signs that it will back off its signal of four interest rate hikes this year, ...

Markets - FXMM - Asia

China state media accuse Soros of 'declaring war' on yuan BEIJING: Chinese state media stepped up a salvo of biting commentaries Wednesday against George Soros and other currency traders as the yuan comes under pressure, with the billionaire investor accused of "declaring war" on the unit.At the annual World Economic Forum in Davos last week Soros told Bloomberg TV that the world's second-largest economy -- where growth has already slowed to a 25-year low according to official figures -- was heading for more troubles."A hard ...

Markets - FXMM - Asia

China's yuan barely budges as central bank holds steady SHANGHAI: China's yuan stayed flat against the dollar on Tuesday as the central bank kept holding the line, and traders expected the stability of the yuan to last until the Chinese Lunar New Year.The People's Bank of China set the midpoint rate at 6.5548 per dollar prior to market open, only 0.01 percent firmer than the previous fix 6.5557.The spot market opened at 6.5791 per dollar and was changing hands at 6.5794 at midday, almost ...

Markets - FXMM - Asia

Dollar inches lower in cautious trade as Fed looms TOKYO: The dollar inched down slightly on Tuesday, though major currencies did not stray far from recent ranges as investors were cautious ahead of the outcome of the Federal Reserve's two-day policy meeting beginning later in the session.Investors will be parsing the U.S central bank's message to determine what, if any, effect volatile global markets, plummeting oil prices and heightened fears of a Chinese slowdown will have on the Fed's previously stated intentions to continue ...

Markets - FXMM - Asia

Sri Lankan rupee steady after central bank holds rate COLOMBO: The Sri Lankan rupee ended steady on Tuesday, a day after the central bank kept its key policy rates unchanged and as dollar sales by a private bank helped offset demand for the greenback from importers, dealers said.The private bank might have sold dollars on behalf of the central bank, some dealers said. Officials at the central bank were not available for comments.The rupee ended flat at 144.00/20 per dollar."The demand (for dollars) is ...