09262016Mon
Last update: Mon, 26 Sep 2016 05pm

Asia

Markets - FXMM - Asia

Asia FX rally as gloomy US data hurts Fed rate hike bets SEOUL: Most emerging Asian currencies rose on Wednesday as disappointing US services sector data eased expectations of an immediate interest rate hike by the Federal Reserve, helping investors keep seeking higher yields in the region."A September hike is now off the table and December is uncertain too. So the risk is on," said a senior Malaysian bank currency trader in Kuala Lumpur.The Institute for Supply Management's data showed on Tuesday that the US service sector last month grew at its slowest pace since early 2010 with its non-manufacturing purchasing managers' index far short of expectations. The service sector makes up more than two-thirds of the US economy.South Korea's won and Taiwan's dollar rose to hover around their strongest levels in more than one year on capital inflows. The Thai baht gained as foreigners resumed buying local bonds.The Malaysian ringgit advanced as traders cut holdings in a tumbling dollar. Investors were ...

Markets - FXMM - Asia

Dollar drops as weak US data sinks rate-hike hopes TOKYO: The dollar slumped in Asia Wednesday as another weak batch of US data all but hammered any chance of the Federal Reserve hiking interest rates this month.The Institute for Supply Management said its US non-manufacturing purchasing managers' index (PMI) -- a key reading of the all-important US service sector -- had dived to its lowest level in more than six years. The data follows figures showing a slowdown in jobs creation and factory activity, ...

Markets - FXMM - Asia

Sri Lankan rupee ends firmer as dollar sales surpass importer demand COLOMBO: The Sri Lankan rupee ended marginally higher on Monday, helped by sale of dollars by exporters and a lack of demand from importers for the greenback, dealers said. The spot rupee ended at 145.45/50 per dollar, slightly firmer from Friday's close of 145.48/53, while one-week rupee forwards were at 145.60/65, compared with the previous close of 145.65/73. "Rupee ended firmer due to exporter (dollar) conversions and lack of importer demand for dollar," a currency ...

Markets - FXMM - Asia

Sri Lankan rupee edges up as dollar sales surpass importer demand COLOMBO: The Sri Lankan rupee was marginally higher on Monday, supported by exporter dollar sales and on lack of importer demand for the greenback, dealers said.The spot rupee was at 145.45/50 per dollar at 0553 GMT, slightly firmer from Friday's close of 145.48/53, while one-week rupee forwards were at 145.60/65, compared with the previous close of 145.65/73."Rupee is trading firmer due to exporter (dollar) conversions and lack of importer demand for dollar," a currency dealer ...

Markets - FXMM - Asia

Dollar struggles in Asia, stocks swing before US jobs HONG KONG: Asian investors trod warily ahead of a crucial US jobs report Friday while the dollar edged down against most currencies the day after a surprise slump in the country's factory activity.After this week's rally in the greenback following Federal Reserve boss Janet Yellen's upbeat assessment of the US economy and hint at a possible interest rate hike, the unit tumbled Thursday after the closely watched ISM manufacturing gauge hit an eight-month low.The news ...

Markets - FXMM - Asia

Sri Lankan rupee firmer on bank dollar sales; stocks edge up COLOMBO: The Sri Lankan rupee traded firmer on Thursday as dollar sales by banks on behalf of foreign investors to buy government securities surpassed the importer dollar demand, dealers said.The spot rupee was at 145.50/57 per dollar at 0455 GMT tad firmer from Wednesday's close of 145.55/60, while one-week rupee forwards were at 145.73/80 with compared to Wednesday's close of 145.75/80."There are (dollar) selling, foreigners are buying bonds," a currency dealer said asking not to ...

Markets - FXMM - Asia

China's yuan edges up in cautious mood on fear of intervention  SHANGHAI: China's yuan firmed on Wednesday, with investors cautious about possible central bank intervention whenever the currency neared the psychologically-important 6.7 per dollar level.While a resurgent dollar has pushed the yuan lower in recent sessions, Chinese authorities are reluctant to see it breach the 6.7 to the dollar mark again. When it dipped below that level in mid-July, state-owned banks aggressively sold dollars, a move traders believed was initiated by the central bank."Shorts received a ...