06262016Sun
Last update: Sun, 26 Jun 2016 09am

Asia

Markets - FXMM - Asia

Asia FX weakens on Brexit jitters, Fed; yuan hits 5-year low SINGAPORE: Most emerging Asian currencies slumped on Wednesday, as growing Brexit fears dampened risk appetite while investors were awaiting clues from the US Federal Reserve on the timing of the next interest rate increase.The yuan hit a more than five-year low after China's central bank set its daily guidance rate at its weakest since January 2011. The renminbi turned firmer later and helped regional peers recover some losses, as traders adjusted bearish bets ahead of the Fed's policy decision.South Korea's won fell to a near two-week trough, while the Indonesian rupiah slipped to its weakest in more than a week.More investors shunned riskier assets as latest polls suggest a higher chance of Britain exiting the European Union at a June 23 referendum."Asia FX is being cautious in fears of Brexit as polls continue to swing in favour of the 'Leave EU' camp," said Christopher Wong, a senior FX strategist for ...

Markets - FXMM - Asia

Dollar ticks up ahead of Fed meeting outcome TOKYO: The dollar edged higher Wednesday as the US central bank winds up its two-day policy meeting, but anxiety over Britain's vote on its future in the European Union hung over the market.Analysts said it was unlikely that the Federal Reserve would announce a move on interest rates later in the day, as investors also eye Japanese and British central bank gatherings that wrap up Thursday."The potential Brexit fallout overwhelmingly dictates that the (Federal Reserve) ...

Markets - FXMM - Asia

South Korea won slips as safehaven demand rises on Brexit fears and Fed SEOUL: The South Korean won fell early on Wednesday as investors continued their purchases of safehaven assets on Brexit referendum worries while awaiting the US Federal Reserve's policy decision expected later in the global day.The won was quoted at 1,177.3 as of 0220 GMT, down 0.4 percent compared to Tuesday's close of 1,173.2."US retail sales data released overnight was strong enough to boost expectations for hawkish statements from the June Fed meeting," said Park Sung-woo, ...

Markets - FXMM - Asia

Negative bund yields pressure euro, Brexit vote looms, eyes on Fed TOKYO: The euro nursed losses against the dollar on Wednesday as the benchmark German government bond yield turned negative for the first time due to worries that Britain might vote next week to leave the European Union, while investors stayed cautions ahead of a Federal Reserve's policy decision later in the global day.The euro was flat at $1.1201 after sliding 0.8 percent overnight to an 11-day low of $1.1189, in a slide that took it ...

Markets - FXMM - Asia

China's yuan hits 5-year low as Brexit fears roil global currency markets  SHANGHAI: The yuan hit a more than five-year low against the dollar on Wednesday as the greenback firmed amid growing fears that Britain may leave the European Union and caution ahead of a US Federal Reserve policy decision later in the day.The Chinese currency hit an intraday low of 6.6047 per dollar in early trade, the lowest since January 2011, after the People's Bank of China set the midpoint rate at 6.6001 per dollar prior ...

Markets - FXMM - Asia

Sri Lankan rupee forwards end little changed; spot not traded COLOMBO: Sri Lankan rupee forwards ended little changed on Tuesday, with some importer dollar demand emerging after a sharp rise in the local currency over the last few days following conversions by foreign investors and exporters, dealers said. The spot rupee, which was traded actively for four straight sessions through Monday, was not traded on Tuesday, they said. On Monday, it had closed at 144.85/95 per dollar.Dollar/rupee forwards, known as spot next, ended at 144.90/145.10 ...

Markets - FXMM - Asia

Sri Lankan rupee forwards little changed amid rising importer dollar demand COLOMBO: Sri Lankan rupee forwards were little changed on Tuesday as demand for dollars from importers increased after a sharp rise in the local currency over the last few days following conversions by foreign investors and exporters, dealers said.The spot rupee, which was traded actively for four straight sessions through Monday, was not traded on Tuesday, they said.Dollar/rupee forwards, known as spot next, traded at 144.85/87 per dollar at 0653 GMT, compared with Monday's close ...