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Dollar on ice as markets await Yellen's testimony TOKYO: The dollar remained frozen in recent ranges in Asia on Tuesday, as investors awaited Federal Reserve Chair Janet Yellen's congressional testimony later in the session for signals to when US interest rates might head higher.The Bank of Japan, meanwhile, is expected to maintain its stimulus programme on Tuesday and its projection that inflation will approach its 2 percent target next year, though it might slightly cut its economic growth forecast.With any modification in the projections seen to be small, market reaction is likely to be muted, although low trading volume might amplify moves.Following the meeting, BoJ Governor Haruhiko Kuroda will address the media at 0630 GMT.The dollar was flat on the day against the yen at 101.54 yen , remaining well off last week's seven-week low of 101.06 yen. The euro was also steady at 138.30 yen, solidly above last week's five-month low of 137.50 yen.Markets will examining Yellen's ...

South Korean won falls ahead of Yellen testimony, stocks rise SEOUL: The South Korean won fell on Tuesday as foreigners bought dollars ahead of a closely watched testimony by Federal Reserve Chair Janet Yellen to a US Senate committee later in the day.The won was quoted at 1,024.6 to the dollar as of 0235 GMT, down 0.63 percent from Monday's domestic close at 1,018.2. It was poised for its worst intraday loss since February this year."The market currently anticipates US interest rates will be raised ...
Asian currencies mostly firmer; rupiah falters SINGAPORE: Emerging Asian currencies mostly inched higher on Monday, stabilising after taking a fall late last week, as investor jitters over problems at a Portuguese bank eased.Many Asian currencies had declined late last week as investors booked profits due to fears about the potential fallout from financial troubles at the family-owned holding companies behind Portugal's largest-listed bank.Market jitters, however, have gradually eased in the wake of a statement by Banco Espirito Santo, saying that loan ...
Yen weakens in Asia as Bank of Japan starts meeting TOKYO: The yen weakened in Asian trade Monday as the Bank of Japan kicked off a two-day policy meeting, with investors also eyeing testimony from the head of the US Federal Reserve later this week.In Tokyo afternoon trading the greenback rose to 101.40 yen, up from 101.23 yen in New York on Friday, while the euro strengthened to 137.95 yen from 137.78 yen in US trading.The euro was nearly flat against the dollar at $1.3602 ...
Yuan falls on corporate dollar demand, seen capped at 6.2/dollar for now SHANGHAI: China's yuan fell against the dollar on Monday as companies tended to buy dollars in anticipation that the Chinese currency would remain relatively weak in the near term, traders said.Spot yuan stood at 6.2072 per dollar by midday, 0.06 percent weaker than Friday's close also after the People's Bank of China (PBOC) fixed its official midpoint at 6.1485 per dollar, down 0.03 percent from Friday's fix.The yuan opened at 6.2034 per dollar, which traders ...
South Korean won edges up as Yellen remarks awaited SEOUL: The South Korean won edged up against the US dollar on Monday morning as Portugal's bank fears ebbed and corporates sold the dollar, although gains were limited on caution ahead of Federal Reserve Chair Janet Yellen's remarks.The local currency was quoted at 1,018.1 versusthe dollar as of 0318 GMT, up 0.1 percent from Friday's domestic close at 1,019.0.Asian shares edged higher as euro zone banking jitters faded, to be replaced by caution ahead of ...
Won leads Asian losses on Portugal; peso down as central bank cuts c/a estimate SEOUL: The South Korean won led losses among emerging Asian currencies on Friday, and most regional units were set to show weekly declines after problems at a Portuguese bank and disappointing global economic data hurt sentiment.The Philippine peso extended slides after the central bank cut its forecasts for this year's current account and balance of payments.Malaysia's ringgit failed to benefit from the central bank's interest rate rise on Thursday - the first in more than ...


Index Closing Chg%
Arrow DJIA 16,563.30 1.88
Arrow Nasdaq 4,369.77 2.09
Arrow S&P 1,930.67 2.00
Arrow FTSE 6,730.11 0.64
Arrow DAX 9,407.48 1.94
Arrow CAC-40 4,246.14 1.53
Arrow Nikkei 15,620.77 0.16
Arrow H.Seng 24,756.85 0.10
Arrow Sensex 25,894.97 0.74

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WeeklyJuly 10, 2014
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