05262016Thu
Last update: Thu, 26 May 2016 01pm

Asia

Markets - FXMM - Asia

Dollar climbs as Fed officials talk up rate hike SINGAPORE: The dollar rallied Wednesday after comments by two regional Fed officials stoked speculation the US central bank could consider raising interest rates next month.A sell-off in global stocks on fears of a slowing world economy is also leading traders to flee higher-yielding, riskier, investments sending emerging market currencies tumbling.At around 0615 GMT, the dollar was trading at 107.14 yen having touched 18-month lows at 105.50 yen on Tuesday.The euro dipped to $1.1483 after hitting an eight-month high of $1.1616 Tuesday. The single currency was also at 123.04 yen against 122.71 yen in New York.The greenback, which has tumbled about 13 percent against the yen this year, enjoyed a pick-up after Atlanta Fed President Dennis Lockhart on Tuesday called a June rate increase "a real option".Also, San Francisco Fed chief John Williams said he would lend support to a hike if the US economy continued on its recovery track.There had ...

Markets - FXMM - Asia

Sri Lanka rupee up on IMF loan, bond issue boost COLOMBO: The Sri Lankan rupee edged higher on Tuesday as a loan agreement with the International Monetary Fund last week and the announcement of a $1.5 billion bond issue boosted sentiment.The central bank, which had been trading the spot rupee at 143.90, has started buying it at 145.70 through state banks, two dealers said .Officials from the central bank were not available for comment. The spot rupee has barely seen any trading since Jan. 27. ...

Markets - FXMM - Asia

Yen hits 18-month high; Aussie slides as RBA eases policy SINGAPORE: The yen hit a fresh 18-month high against the US dollar on Tuesday and jumped against the Australian dollar, after Australia's central bank cut interest rates to a record low. The US dollar fell to 105.78 yen at one point, its lowest level since October 2014. The greenback last stood at 105.85 yen , down 0.5 percent on the day.The yen added to its gains as the Australian dollar skidded after the Reserve Bank ...

Markets - FXMM - Asia

Dollar slips as US data lower rate hike expectations SINGAPORE: The dollar extended its losses against the yen and euro Tuesday as fresh data indicating a slowdown in the US manufacturing sector lowered expectations the Federal Reserve will hike interest rates any time soon.The greenback was already under pressure against the yen after the Bank of Japan on Thursday refused to expand its stimulus programme despite a string of weak economic indicators and two deadly earthquakes that closed factories.On Monday a closely watched gauge ...

Markets - FXMM - Asia

Yen rally eases after Tokyo hints at intervention TOKYO: The yen's soaring rally took a breather in Asian trading Monday after Japanese finance minister Taro Aso warned over the surge, vowing to take action "when necessary".The weekend remarks hinted at a possible market intervention in the wake of the Bank of Japan's shock policy decision last week that caused the yen to surge to an 18-month high against the dollar.On Monday, the greenback edged up to 106.56 yen from 106.31 yen in New ...

Markets - FXMM - Asia

Sri Lankan rupee rises after IMF loan announcement COLOMBO: Sentiment on the Sri Lankan rupee improved on Friday, as reflected in the forwards market, after the International Monetary Fund reached a staff-level agreement with the island nation for a $1.5 billion three-year loan. Traders said banks sold dollars on expectation that the local currency will appreciate. The spot rupee, which has barely seen any trading since Jan. 27, was not actively traded on Friday as well, but the movement in short-term dollar/rupee forwards ...

Markets - FXMM - Asia

China raises yuan rate by most in 11 years SHANGHAI: China on Friday raised the exchange rate for the yuan currency against the US dollar by 0.56 percent from the previous day, the biggest increase in almost 11 years.The People's Bank of China (PBoC) fixed the yuan at 6.4589 to the greenback, according to the China Foreign Exchange Trade System, which operates the national foreign exchange market.It was the strongest daily increase in the rate since July 2005, Bloomberg News reported.China only allows the ...