09292016Thu
Last update: Thu, 29 Sep 2016 11pm

Asia

Markets - FXMM - Asia

Sri Lankan rupee edges up on state bank dollar sales COLOMBO: The Sri Lankan rupee gained slightly on Tuesday as a state bank sold dollars after the local currency fell due to importer greenback demand, with traders unwilling to trade the rupee below the level desired by the central bank, dealers said.The spot rupee was at 145.80/146.00 per dollar at 0638 GMT, slightly firmer from Monday's close of 145.90/146.00. One-week forwards were at 145.95/146.15, compared with the previous close of 146.12/22.The spot rupee is usually managed by the central bank and market participants use the forward market levels for guidance on the currency."The rupee is under pressure mainly because of lack of (dollar) supply to meet importer demand. A state bank started selling when the spot started to trade below 146.00," said a currency dealer, asking not to be named."The moral suasion is also there when the spot traded below 146.00."Dealers had expected seasonal importer demand to pick up from ...

Markets - FXMM - Asia

Yen extends gains as Bank of Japan, Fed kick off meetings TOKYO: The yen extended its gains in Asian trading Tuesday as the Japanese and US central banks kick off their latest policy meetings.The Bank of Japan headed into a two-day gathering, with investors unsure about its plans for monetary policy as more than three years of stimulus has largely failed to boost growth and inflation.More than a half of economists surveyed by Bloomberg News expect the BoJ to step up its easing efforts, with many ...

Markets - FXMM - Asia

China's yuan weakens on companies' strong dollar purchases  SHANGHAI: China's yuan weakened on Tuesday on strong dollar purchases by companies, while traders said state-owned banks sold dollars at around 6.67 in an effort to keep the Chinese currency stable.Prior to market open, the People's Bank of China set the midpoint rate at 6.6595 per dollar, firmer than the previous fix of 6.6786.The spot market opened at 6.6710 per dollar and was changing hands at 6.6691 at midday, 3 pips weaker than the previous ...

Markets - FXMM - Asia

Asia FX dips on BOJ, Fed anxiety; Taiwan dollar resists SINGAPORE: Most emerging Asian currencies eased on Tuesday with caution heightening ahead of Bank of Japan and US Federal Reserve policy decisions this week.But the Taiwan dollar bucked the regional slide, rising to a near two-week high on further inflows into the island's stock market.Malaysia's ringgit slumped as government bond prices fell, suggesting capital outflows.The country's bonds are seen as more vulnerable to a global bond rout as oil prices remain weak, straining the government's ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on importer dollar demand; stocks fall COLOMBO: The Sri Lankan rupee traded weaker on Monday as importer dollar demand surpassed selling of the U.S. currency by exporters, dealers said.The spot rupee was traded at 145.80/95 per dollar at 0625 GMT, slightly weaker from Thursday's close of 145.75/85. One-week forwards were at 146.05/20, compared with the previous close of 145.90/146.00.Markets were closed on Friday for a Buddhist religious holiday.The spot rupee is usually managed by the central bank and market participants use ...

Markets - FXMM - Asia

Dollar index may rise to 96.889 this week SINGAPORE: The dollar index may break a resistance at 96.225 and rise more to the next resistance at 96.889 this week, as suggested by its wave pattern and a Fibonacci projection analysis.These resistances are identified respectively as the 38.2 percent and the 50 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle from the May 3 low of 91.919. The cycle has been developing within a rising channel, ...

Markets - FXMM - Asia

South Korea won slips to a 3-week low as Fed, BOJ decisions awaited SEOUL: The South Korean won dropped to a 3-week low against the dollar on Monday as stronger-than-expected US inflation data added to market jitters ahead of a Federal Reserve meeting this week.The won was quoted at 1,121.4 as of 0220 GMT, down 0.2 percent compared to the previous close of 1,118.8. It touched its lowest level since Aug. 29 earlier in the session.US consumer prices in August pointed to a steady build-up of inflation that ...