07022016Sat
Last update: Sat, 02 Jul 2016 02pm

Asia

Markets - FXMM - Asia

Dollar steps back, sterling firms ahead of Brexit vote TOKYO/SYDNEY: The dollar erased its early modest gains on Wednesday while sterling stood tall on the eve of Britain's referendum on whether to remain in the European Union.Recent opinion polls have mostly shown a shift towards keeping Britain in the EU, but there are some signs that momentum has stalled for the 'In' camp and the race still looks too close to call.The greenback briefly popped back above 105.00 yen for the first time in nearly a week late on Tuesday, but last stood at 104.55, down 0.2 percent."Some banks are not in the market today, or they are just in for commercial orders, ahead of the vote, so dollar/yen will be rangebound for a while," said Kaneo Ogino, director at foreign exchange research firm Global-info Co in Tokyo."Although the odds seem to favour 'Bremain,' it's still 50/50, and no one wants to be caught short either way," he said.The ...

Markets - FXMM - Asia

Looming Brexit vote keeps Asia FX sidelined; baht down ahead central bank meeting SINGAPORE: Emerging Asian currencies were mixed on Wednesday, with China's and South Korea's units regaining earlier losses against the dollar but this week's Brexit vote keeping wider sentiment toward regional currencies cautious.The Thai baht eased ahead of a central bank interest rate decision later in the day. The Bank of Thailand is expected to leave its already-low policy rate unchanged as further easing is unlikely to help the economy and may even add risks to ...

Markets - FXMM - Asia

China's yuan up slightly, anxiety before Brexit vote limits rise  SHANGHAI: The yuan was up slightly against the dollar on Wednesday, though a lower official mid-point and uncertainty ahead of Britain's referendum on whether to remain in the European Union capped gains.Spot yuan opened at 6.5899 per dollar and was changing hands at 6.5857 at midday, 0.07 percent above the previous close, with traders saying the overnight close of 6.5900 had already factored some of the dollar's global strength.That allowed the yuan to shrug off ...

Markets - FXMM - Asia

Sri Lankan rupee 1-wk forwards fall on importer dollar demand; stocks slip COLOMBO: Sri Lankan rupee one-week forwards fell on Wednesday on importer dollar demand amid low liquidity for the US currency after Moody's revised down its outlook on the island nation's sovereign rating, dealers said.The local currency was also under pressure due to lack of exporter conversions, while moral suasion by the central bank prevented spot trade, they added.Moody's Investors Service on Monday changed the country's outlook to negative from stable, citing further weakening in some ...

Markets - FXMM - Asia

Pound rallies on bets Britain votes to stay in EU TOKYO: The pound rallied against the dollar and yen in Asia Wednesday as bookmakers bet heavily that Britain will vote to stay in the European Union, despite opinion polls pointing to a neck-and-neck race.The uptick comes after European Commission President Jean-Claude Juncker and US Federal Reserve boss Janet Yellen on Tuesday warned that a British exit could hammer world markets. Juncker said leaving would be "an act of self-harm" that would endanger everything Europeans had ...

Markets - FXMM - Asia

China's yuan firms again, 6.6 to the dollar seen as medium-term support SHANGHAI: China's yuan, which strengthened against the dollar the past two sessions, early on Tuesday again edged up against the greenback, which held near three-week lows against the pound.Spot yuan opened at 6.5763 per dollar and was changing hands at 6.5748 at midday, 0.1 percent stronger than Monday's close.In China, like elsewhere, traders were waiting to see what Fed Chair Janet Yellen would say in congressional testimony later on Tuesday and to Britain's referendum on ...

Markets - FXMM - Asia

Asia FX up on hopes Britain will vote to stay in EU SINGAPORE: Most emerging Asian currencies pulled ahead on Tuesday amid growing expectations that Britons may vote to remain in the European Union in this week's referendum, while trading was subdued on sustained risks of an exit.China's yuan edged up on the dollar's broad weakness and as the central bank set its daily guidance rate firmer.The South Korean won rose to a near two-week high on exporters' demand for settlements. The Malaysian ringgit advanced, tracking higher ...