09252016Sun
Last update: Sun, 25 Sep 2016 03am

Asia

Markets - FXMM - Asia

Sri Lankan rupee edges down on importer dollar demand COLOMBO: The Sri Lankan rupee ended slightly weaker on Wednesday as importer dollar demand surpassed declining sales of the greenback by exporters, dealers said.The local currency traded below 145.50 per dollar as the central bank did not intervene to defend the rupee, they added.The spot rupee ended at 145.55/58 per dollar, compared with Tuesday's close of 145.50/55."The rupee ended weaker on importer demand," a currency dealer said, asking not to be named."The central bank was not seen, it looks like the central bank will not intervene."Central bank officials were not available for comments.One-week rupee forwards ended at 145.76/82 per dollar, compared with Tuesday's close of 145.76/80.The spot rupee is usually managed by the central bank, and market participants use the forward market levels for guidance on the currency.Sri Lanka's central bank retired around $470 million worth of Sri Lanka Development Bonds last week, instead of re-issuing them, using the inflows ...

Markets - FXMM - Asia

South Korean won ends lower on dollar strength, stocks edge down SEOUL: The South Korean won slipped on Wednesday as the dollar strengthened, helped by solid US home sales data. The won was quoted at 1,122.0 to the dollar at the conclusion of onshore trade, down 0.6 percent from Tuesday's close of 1,115.6.South Korean shares also edged down , as market participants held their positions ahead of the Jackson Hole meeting of global central banks.The Korea Composite Stock Price Index (KOSPI) closed down 0.3 percent at ...

Markets - FXMM - Asia

Dollar rises as markets await Fed chair speech TOKYO: The dollar rose Wednesday with the Federal Reserve's policy plans in focus, while the South Korean won fell after the North tested a submarine-launched missile, bringing geopolitical tensions back into focus.Traders are awaiting a speech by Fed chief Janet Yellen at the Jackson Hole symposium of global bankers Friday hoping for clues about the direction of US monetary policy.On Wednesday, the dollar bought 100.36 yen against 100.23 yen in New York, while the euro ...

Markets - FXMM - Asia

Sri Lankan rupee ends steady; importer dollar demand weighs on market COLOMBO: The Sri Lankan rupee ended steady for a seventh straight session on Tuesday, with dealers hesitating to trade in the local currency below 145.50 per dollar in anticipation of central bank intervention to defend the currency, dealers said.Foreign investors were seen selling the U.S. currency, which helped ease pressure on the rupee due to demand for dollars from importers, dealers said.The spot rupee was unchanged at 145.50/55 per dollar, while one-week rupee forwards ended ...

Markets - FXMM - Asia

South Korean won pares recent losses, stocks edge up SEOUL: The South Korean won strengthened on Tuesday, recovering from recent losses as investors dumped the dollar on profit-taking. The won was quoted at 1,115.6 to the dollar at the conclusion of onshore trade, up 1.0 percent compared with Monday's close of 1,126.5.South Korean shares ended higher as market heavyweight Samsung Electronics Co Ltd rose to support the main board, hitting a record high.The Korea Composite Stock Price Index (KOSPI) closed up 0.4 percent at ...

Markets - FXMM - Asia

Sri Lankan rupee trades steady; dollar selling by foreign investors eases pressure COLOMBO: The Sri Lankan rupee held steady for a seventh straight session on Tuesday, with dealers hesitating to trade in the local currency below 145.50 per dollar anticipating central bank intervention to defend the currency, dealers said. Foreign investors were seen selling the US currency, which helped ease pressure on the rupee due to demand for dollars by importers, dealers said.The spot rupee was at 145.50/55 per dollar at 0618 GMT, unchanged from Monday's close.One-week ...

Markets - FXMM - Asia

Dollar slips as market discounts US rate hike TOKYO: The dollar broadly weakened Tuesday as traders awaited a speech by Federal Reserve chief Janet Yellen, which they hope will offer fresh clues about US monetary policy.The greenback has been see-sawing as divergent views from Fed officials keep markets guessing about the timing of a possible rate hike by the US central bank.On Monday, the dollar rallied in response to hawkish remarks from the bank's vice chairman, who said the Fed was close to ...