06252016Sat
Last update: Sat, 25 Jun 2016 10pm

Asia

Markets - FXMM - Asia

Pound at two-month low, yen jumps on Brexit fears TOKYO: The pound was at two month lows on Tuesday as worries over Britain voting to leave the European Union bolstered demand for safe-haven units, including the yen.The Japanese currency's strength sparked another warning from officials that Tokyo could intervene in markets to stem its rise, which is threatening Japan Inc's profits.British voters go to the polls on June 23 to decide whether to leave the EU, with a so-called Brexit threatening to hit the country's economy.Several opinion polls showed that support for quitting the 28-member bloc was gaining momentum ahead of next week's vote.In Tokyo, the pound was at $1.4187, trading at its lowest levels since mid-April, and down from $1.4245 in New York."Risk sentiment has taken a beating with volatility up partly on latest Brexit polls still showing the UK is on course to quit the European Union," said Ray Attrill, co-head of currency strategy at National Australia ...

Markets - FXMM - Asia

South Korea won flat, stocks down ahead of Fed decision SEOUL: The South Korean won was flat early on Tuesday, and was expected to move narrowly as investors await the outcome of the US Federal Reserve's policy meeting later in the global day.The won stood at 1,172.8 to the dollar as of 0215 GMT, up 0.1 percent compared with Monday's close of 1,173.4."The won is likely to take a breather, but the market will keep an eye on Chinese market flows," said Jung Sung-yoon, a ...

Markets - FXMM - Asia

China's yuan inches lower on dollar demand ahead of Fed meeting  SHANGHAI: The yuan eased on Tuesday, pressured by robust dollar demand from corporate clients as the market turns its attention to the US Federal Reserve's June meeting starting later in the day.The People's Bank of China set the midpoint rate at 6.5791 per dollar prior to the market open, 0.02 percent firmer than the previous fix 6.5805, in response to the dollar's slump on Monday.Spot yuan opened at 6.5835 per dollar and was changing hands ...

Markets - FXMM - Asia

Pound wobbly, yen edges higher on mounting Brexit worries TOKYO/SINGAPORE: The British pound remained fragile near a two-month low against the dollar on Tuesday and the yen hovered near six-week highs against the U.S. currency on worries Britain may leave the European Union in a referendum less than 10 days away.Two recent opinion polls show a lead for the "Leave" campaign. While many market players are sceptical about the polling, recent poll results do seem to suggest a momentum for "Leave" campaign, market players ...

Markets - FXMM - Asia

Brexit, Fed jitters lock in Asia FX; dips vs yen SINGAPORE: Emerging Asian currencies on Tuesday took a breather as the US Federal Reserve starts a two-day policy meeting later in the day and caution spread ahead of the British referendum on whether to quit the European Union.Most regional currencies started the day firmer on the dollar's broad weakness in overnight markets, but fragile risk sentiment cut their upside in thin trading. Those units eased against the safe-haven yen.The Fed is widely expected to stay ...

Markets - FXMM - Asia

Sri Lankan rupee up; exporter dollar sales outpace importer demand COLOMBO: Sri Lankan rupee forwards ended higher on Monday as dollar conversions by foreign investors and exporters outpaced importer demand for the greenback amid foreign buying in local bonds, dealers said. The spot rupee, which was traded actively for a fourth straight day, was also up, they added. Dollar/rupee forwards, known as spot next, ended at 144.90/145.00 per dollar, compared with Friday's close of 145.00/05. Spot next, which acts as a proxy for the spot ...

Markets - FXMM - Asia

Brexit, Fed caution dampen Asia FX; lose ground vs yen SINGAPORE: Most emerging Asian currencies fell on Monday as anxiety grew ahead of a referendum of Britain's potential exit from the European Union and the US Federal Reserve's monetary policy meeting.With risk sentiment hammered, emerging Asian currencies lost ground against the safe-haven yen and regional equity markets fell the most in more than two months.The Chinese yuan slid as the central bank set its daily guidance rate weaker after last week's long public holiday.South Korea's ...