Asia
Friday, 12 April 2013 11:00
100
TOKYO: The dollar turned softer in Asia on profit-taking Friday, hovering below the 100 yen level after enjoying a recent rally from the Bank of Japan's huge stimulus measures.The greenback stood at 99.46 yen, falling from 99.73 yen late in New York on Thursday, where it at one point touched 99.95 yen.The euro bought $1.3116 and 130.43 yen, compared with $1.3096 and 130.68 yen in New York.The dollar was hit by "profit-taking orders from speculators who bought (it) following the BoJ meeting" last Thursday, which saw the central bank announce a massive spending scheme, said Akira Moroga, manager of forex products group at Aozora Bank.The BoJ's new governor Haruhiko Kuroda said he will double Japan's money supply over the next two years to end the deflation that has plagued the nation for decades.The aggressive move caused stocks to soar while driving down the yen, which helps exporters.Despite the Japanese unit's ...
TOKYO: The dollar turned softer in Asia on profit-taking Friday, still short of the 100 yen level many traders are expecting following the Bank of Japan's renewed monetary easing campaign.The greenback stood at 99.47 yen, falling from 99.95 yen in New York on Thursday.The euro bought $1.3117 and 130.52 yen, compared with $1.3096 and 130.68 yen in New York.The dollar was weighed by "profit-taking orders from speculators who bought the pair following the BoJ meeting" ...
TOKYO: The dollar hovered near a four-year high against the yen on Thursday after the minutes of the US Federal Reserve's March meeting raised expectations it will scale back its bond-buying spree by the end of the year.Such a possibility contrasts with the stance of the Bank of Japan Governor Haruhiko Kuroda who signalled his readiness on Wednesday to offer further stimulus or maintain an ultra-easy policy beyond two years if meeting the bank's 2-percent ...
MUMBAI: India's central bank net sold $280 million in February in the spot foreign exchange market, which included purchase of $3.02 billion of the greenback and $3.30 billion of sales, it said on Wednesday.In January, the central bank had net sold $18 million in the spot.The outstanding amount of forward dollar sales fell to $12.1 billion in February from $12.8 billion in January. Copyright Reuters, 2013 ...
SEOUL: The South Korean won extended gains for a second day but trading was quiet overall as investors contemplated what North Korea's next steps might be in the standoff gripping the Korean peninsula.The local currency was quoted at 1,135.7 against the dollar at the end of onshore trade, up 0.3 percent compared to Tuesday's domestic close at 1,139.4.The won nosedived to multi-month lows as North Korea ramped up tensions on the Korean peninsula, warning foreigners ...
SHANGHAI: The yuan set a record high against the dollar on Wednesday, for the second time in five days, as Beijing continued to show tolerance for measured appreciation.The spot rate opened at a record 6.1950 per dollar Wednesday morning, after the People's Bank of China (PBOC) set the official midpoint at 6.2548, its highest level since the landmark revaluation in 2005. The exchange rate is allowed to rise or fall by 1 percent away from ...
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