02132016Sat
Last update: Sat, 13 Feb 2016 03pm

Asia

Markets - FXMM - Asia

Emerging currencies boosted by oil rally, ECB stimulus hints TOKYO: Higher-yielding emerging market currencies rose against the dollar in Asia on Friday, after a jump in crude prices and hints the ECB could unleash more stimulus helped cheer traders.The South Korean won and the Malaysian ringgit were among top gainers, after taking a battering over concerns of slowing global economic growth, the impact of a US rate rise and a slump in oil to below $30 a barrel. European Central Bank chief Mario Draghi helped contain the pessimism clouding markets on Thursday when he said the eurozone central bank would "review and possibly reconsider" its monetary policy in March."There are no limits how far we are willing to deploy our policy instruments," he told a news conference.The euro dropped after the news, fetching $1.0843 and 127.73 yen in Asian trade from $1.0878 and 127.99 yen Thursday in New York. "Higher oil prices and general risk-on after the ECB president ...

Markets - FXMM - Asia

Temporary oil rebounds help fragile Asia FX gains SINGAPORE: Most emerging Asian currencies rose on Thursday as rebounds in battered oil prices improved risk appetite, while a lack of conviction on a long-term crude recovery amid worries about a slowing global economy limited gains in regional units.Hong Kong's dollar rebounded from an over eight-year low hit on Wednesday as traders cut pessimistic bets amid strength in regional peers.The Malaysian ringgit gained as the bounce in the crude eased concerns over the country's falling ...

Markets - FXMM - Asia

Dollar off 1-year low vs yen as report points to official FX concerns TOKYO: The dollar came off a one-year low against the yen on Thursday after a media report suggested Japanese authorities are becoming increasingly anxious about the strength of the local currency.The dollar was up 0.2 percent at 117.16 yen after descending to 115.97 overnight, its lowest level since January 2015.The U.S. currency had plummeted as a plunge in oil prices to near 13-year lows and an ensuing rout in global equities intensified demand for the ...

Markets - FXMM - Asia

Dollar edges up vs yen as oil bounces, euro awaits ECB TOKYO: The dollar came off a one-year low against the yen on Thursday as crude oil prices bounced, while the euro awaited a policy decision from the European Central Bank for near-term cues.The dollar was up 0.4 percent at 117.41 yen by midday.It descended to 115.97 overnight, its lowest since January 2015. But a report by Bloomberg quoting an unidentified Tokyo official that authorities were "closely watching the currency markets" lifted the greenback, traders said.Reflationary ...

Markets - FXMM - Asia

Yuan steady for the 4th day; forwards hint of depreciation pressure  SHANGHAI: China's yuan barely moved against the dollar on Thursday, holding largely steady in the week as efforts by authorities to quell speculation of a sharp depreciation appeared to pay off for now.Still, the forward markets showed lingering expectations among traders for a further downturn in the yuan in coming months.The People's Bank of China (PBOC) set the midpoint rate at 6.5585 per dollar prior to the market's open, only 0.01 percent weaker than the ...

Markets - FXMM - Asia

Emerging currencies rally against dollar on stocks advance TOKYO: High-yielding emerging currencies rallied against the dollar on Thursday as sentiment improved following broad advances across regional stock markets and a jump in oil prices.The Malaysian ringgit and the South Korean won were among the beneficiaries of the rebound in sentiment, although analysts warned that dealers remained on edge after the volatile start of trading this year."Markets are focused on risk aversion from global stock plunges and falling oil prices," Naoto Ono, an analyst ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on importer dollar demand COLOMBO: The Sri Lankan rupee edged lower on Wednesday due to importer dollar demand, while selling of the greenback by a private bank prevented a sharp fall, 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 comment on the matter.The rupee ended at 143.95/144.10 per dollar, slightly down from Tuesday's close of 143.90/144.00."The rupee is under pressure due ...