01192017Thu
Last update: Thu, 19 Jan 2017 05am

Asia

Markets - FXMM - Asia

Sri Lankan rupee falls on importer dollar demand; stx flat COLOMBO: The Sri Lankan rupee edged down on Monday, hurt by demand for dollar from importers on fears that economic policies of U.S. President-elect Donald Trump may lead to a rise in the greenback and trigger foreign fund outflows.Dealers said foreign investors might pull out of emerging markets, including Sri Lanka, if the U.S. Federal Reserve raises interest rates next month.The dollar and U.S. bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the U.S. elections, after oil prices slid on fears that producer countries meeting this week could fail to agree an output cut.Sri Lankan rupee forwards were active, while spot-next forwards were traded at 149.10/30 per dollar at 0649 GMT, compared with Friday's close of 148.90/149.00.The spot rupee was hardly traded, but was quoted at 148.10/80.The central bank revised the spot rupee reference rate to 147.95 per dollar on Nov. 18, ...

Markets - FXMM - Asia

China's yuan jumps on state bank buying, dollar weakness SHANGHAI: State-owned Chinese banks sold dollars in the onshore spot market on Monday, in the wake of comments by a central banker that the yuan had the conditions to be stable and strong, two traders said.The banks' move amplified the impact of a slightly weaker dollar, helping to boost the yuan by 0.2 percent, though it remained near 8-1/2-year lows.Spot yuan opened at 6.9042 per dollar and was changing hands at 6.9018 by 0445 GMT, ...

Markets - FXMM - Asia

Greenback retreats as Treasury yields dip, China banks seen selling dollars SINGAPORE: Most emerging Asian currencies rose on Monday as the dollar retreated from a near 14-year high with sliding oil prices dragging US Treasury yields lower, while doubts remained over further appreciation in regional units.China's yuan advanced as state-owned banks were seen selling the dollar in the onshore currency market, traders said. That came after a central bank vice governor said on Sunday that current conditions point to a stabilisation of the renminbi after its ...

Markets - FXMM - Asia

Sri Lankan rupee falls on importer dollar demand COLOMBO: The Sri Lankan rupee ended weaker on Friday due to dollar demand from importers who fear the economic policies of US President-elect Donald Trump could lead to a rise in the greenback and interest rates. Dealers said foreign investors might pull out of emerging markets, including Sri Lanka, if the US Federal Reserve raises interest rates next month.The dollar index, which tracks the greenback against a basket of six major global peers, edged down ...

Markets - FXMM - Asia

China's yuan firms but set to weaken for 3rd straight week SHANGHAI: China's yuan was headed for its third straight week of losses against the dollar on Friday, despite trading a touch stronger in the morning.The yuan has fallen 0.4 percent so far this week and more than 6 percent against the dollar so far this year.Its slide has accelerated along with other emerging market currencies in recent weeks as the dollar surged on expectations of higher US interest rates.Some investors and companies were selling dollars ...

Markets - FXMM - Asia

Sri Lankan rupee edges down on importer dollar demand; stx up COLOMBO: The Sri Lankan rupee was trading weaker on Friday due to dollar demand from importers who fear the economic policies of US President-elect Donald Trump could lead to a rise in the greenback and interest rates. Dealers said foreign investors might pull out of emerging markets, including Sri Lanka, if the US Federal Reserve raises interest rates next month.The dollar index, which tracks the greenback against a basket of six major global peers, was ...

Markets - FXMM - Asia

Indian rupee hits record low as emerging market rout intensifies MUMBAI: The Indian rupee fell to a record low of 68.86 on Thursday, pressured by a rallying U.S. dollar, capital outflows from emerging markets, and worries about the country's demonetisation drive.Despite repeated interventions by the central bank to slow the slide, the rupee breached its previous low of 68.85 to the dollar set in August 2013, when the country was mired in its worst currency crisis in more than two decades.The Reserve Bank of India ...