Asia
Friday, 19 April 2013 09:38
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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 against the euro overnight after a series of disappointing US economic indicators, including a rise in jobless claims and a slowing of manufacturing activity in the mid-Atlantic.Analysts said the G-20 was unlikely to voice major concern over Japan's big easing moves, with the country's finance minister and chief central banker expected to tell their counterparts they were targeting inflation, not the exchange rate."Barring a major crisis akin to Italy after the last G-20 meeting, the ...
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 ...
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 of the Group of 20 nations.The greenback fell to 98.08 yen, compared with 99.19 in New York late Wednesday.The euro was at 127.96 yen against 127.97 yen in the United States after slipping as low as 126 yen Monday. The euro also fetched $1.3045 compared with $1.3033 in New York.But traders ...
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