08292016Mon
Last update: Mon, 29 Aug 2016 10am

Asia

Markets - FXMM - Asia

Sri Lankan rupee steady in dull trade COLOMBO: The Sri Lankan rupee was steady on Monday as dollar sales by exporters were offset by importer demand for the greenback in dull trade, dealers said. The spot rupee traded steady at 145.50/55 per dollar, little changed from Friday's close of 145.50/52."There is nothing much happening. There have been no big importer demand or large (exporter) bills. Trading is dull today," a currency dealer said, asking not to be named.The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency.Since a $1.5 billion inflow from a dual-tenure sovereign bond issue, the central bank has largely not intervened in the currency market to defend the rupee. Central bank officials were not available for comment.One-week rupee forwards were at 145.68/73 per dollar, compared with Friday's close of 145.70/75.Foreign investors bought a net 66.9 billion rupees ($460.11 million) worth of ...

Markets - FXMM - Asia

Yen hit by weak Japanese GDP data TOKYO: The yen weakened Monday as disappointing Japanese second-quarter GDP data boosted speculation that the country's central bank will have to unleash more stimulus to counter a downturn.Growth in the world's third largest economy was flat at 0.0 percent quarter-on-quarter. That missed economists' predictions for a 0.2 percent expansion in the April-June period as weak exports and a fall in business spending held back activity."This morning's preliminary GDP prints came in lower than expected," said ...

Markets - FXMM - Asia

Dollar up against Asian currencies SINGAPORE: The dollar rose against most Asia Pacific currencies Thursday but gains were capped as traders waited for clearer signals on the timing of a possible US interest rate hike.The New Zealand dollar bucked the trend, surging against the greenback after the country's central bank slashed interest rates to a record low of 2.0 percent and said further easing might be necessary. Forecast-beating US jobs numbers in July, released Friday, revived speculation that the US ...

Markets - FXMM - Asia

Yuan marginally weaker on profit taking, despite firmer fix  SHANGHAI: China's yuan weakened marginally on Thursday as traders took profits on early gains, despite the People's Bank of China setting a firmer fix.The PBOC set the midpoint rate at 6.6255 per dollar prior to market open, firmer than the previous fix 6.653.The yuan was up slightly in early morning trade on a stronger midpoint fixing by the central bank, but weakened in the late morning in what traders said was mild profit taking.Analysts were ...

Markets - FXMM - Asia

South Korea intervention hits won; ringgit leads Asia FX losses SINGAPORE: The South Korean won on Thursday slid to around the psychologically important 1,100 per dollar level as traders cited "heavy" intervention, while the Malaysia ringgit led losses among emerging Asian currencies on falling oil prices.China's yuan, however, was steady as the central bank set its daily guidance rate firmer on what is the first anniversary of its surprise devaluation of the currency.Traders said South Korean foreign exchange authorities were spotted weakening the won "aggressively", ...

Markets - FXMM - Asia

Sri Lankan rupee up on bank dollar sales, central bank spot rate COLOMBO: The Sri Lankan rupee edged up on Thursday as exporter dollar sales by a local bank and downward adjustment of the currency by the central bank were outpaced by importer demand for the U.S. currency, dealers said.The spot rupee was trading at 145.50/53 per dollar at 0707 GMT, up from Wednesday's close of 145.58/62."There was dollar selling by a local bank and then the central bank brought down the rupee preference rate by 10 ...

Markets - FXMM - Asia

Sri Lankan rupee edges up on dollar sales by exporters, foreigners COLOMBO: The Sri Lankan rupee ended slightly higher on Wednesday as dollar sales by exporters and foreign investors surpassed purchases by state-run banks, dealers said.The spot rupee ended at 145.58/62 per dollar, compared with Tuesday's close of 145.60/65.The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency."There was exporter (dollar) selling by local banks and a foreign bank, probably for foreign investors ...