Asia
Friday, 19 April 2013 10:52
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SINGAPORE: The yen fell broadly on Friday after Japanese Finance Minister Taro Aso said Japan faced no G20 opposition to its stance that the Bank of Japan's aggressive monetary stimulus is aimed at beating deflation.The comments by Aso eased concerns that the bold monetary easing, which had triggered a drop in the yen to a four-year low versus the dollar last week, could come under criticism at the G20 meeting. The dollar rose 0.4 percent on the day to 98.53 yen, while the euro gained 0.5 percent to 128.75 yen."The market had been rather nervous about the G20," said a trader for a European bank in Tokyo, adding that such jitters had increased after the United States issued its semi-annual report on the currency practices of major trade partners last week.In the report, the United States had put Japan on notice that it was watching its economic policies to ensure ...
TOKYO: The dollar was little changed against the yen in Asian trade Friday as players waited to see how Group of 20 finance ministers in Washington would react to Japan's huge easing measures.The greenback had slipped to 98.17 yen in Tokyo trade, compared with 98.23 in New York late Thursday.The euro was at 128.16 yen against 128.21 yen, while fetching $1.3055, compared with $1.3050 in New York.The dollar had firmed against the yen but weakened ...
MUMBAI: The Indian rupee strengthened on Thursday with the underlying sentiment remaining bullish on the back of growing rate cut hopes from the central bank's upcoming annual monetary policy on May 3.Sharp gains in the domestic share market following the better-than-expected trade data also aided sentiment.India's exports fell 1.8 percent in the 2012/13 fiscal year, the trade ministry said on Thursday, but they were up for the third straight month in March, offering some relief ...
SHANGHAI: China's central bank guided the yuan lower against the dollar on Thursday after setting record-high midpoints in the previous four sessions, amid market speculation it may widen the band within which the currency is traded.The yuan is allowed to rise or fall by 1 percent in either direction from the base rate, but in recent weeks Chinese regulators have made statements suggesting the trading band might be widened.People's Bank of China deputy governor Yi ...
SINGAPORE: The yen was broadly steady to firmer on Thursday as risk appetite waned, while the euro held its ground after sliding the previous day on talk of more monetary easing by the European Central Bank.The Australian dollar fell 0.2 percent to 101.00 yen . Trading was choppy, with the Aussie dollar having traded in a 101.47 yen to 100.24 yen range so far on Thursday.The Japanese currency will probably be supported on the crosses ...
SEOUL: The South Korean won fell in volatile domestic trade on Thursday, declining for the second consecutive day as renewed risk aversion and the weak stock market triggered dollar short-covering.The local currency was quoted at 1,124.0 against the dollar at the end of onshore trade, down 0.5 percent from Wednesday's domestic closing level of 1,118.5.The won traded as high as 1,118.2 at midday as investors unwound dollar-long positions, but concerns about global growth and weak ...
TOKYO: The dollar dipped against the yen in Asian trade on Thursday ahead of a two-day meeting of finance ministers and central bank chiefs from the Group of 20 nations.The greenback fell to 98.01 yen, compared with 99.19 in New York late Wednesday.The euro was at 127.82 yen against 127.97 yen, after slipping as low as 126 yen Monday. The euro also fetched $1.3040, compared with $1.3033 in New York.But traders expect the dollar to ...
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