09262016Mon
Last update: Mon, 26 Sep 2016 08am

Asia

Markets - FXMM - Asia

Sri Lankan rupee ends lower on importer dollar demand COLOMBO: The Sri Lankan rupee fell on Wednesday on importer dollar demand, with currency forwards active in the absence of trading in the spot currency, dealers said, a day after moral suasion by the central bank capped the rupee's fall. Traders were unwilling to trade the spot rupee below 146.00, a level deemed desirable by the central bank, dealers said. Officials from the central bank were not available for comment. The central bank has largely not intervened to defend the rupee ever since a dual-tenure sovereign bond issue raised $1.5 billion in July. The spot rupee was quoted at 145.90/146.50 per dollar but was not traded. It closed at 145.90/146.30 on Tuesday. "The spot rupee has not been trading because of the fears of the central bank's moral suasion, but forwards were actively traded," a currency dealer said asking not to be named.The actively traded spot-next rupee forwards ended at ...

Markets - FXMM - Asia

South Korea won up on profit-taking ahead of BOJ, stocks hold steady SEOUL: The South Korean won edged up on Wednesday as investors sold the greenback and took profits, expecting that the local currency would strengthen when the Bank of Japan announced the outcome of its policy review later in the session.The won was quoted at 1,115.8 as of 0155 GMT, up 0.4 percent compared to Tuesday's close of 1,120.6.The BOJ is expected to ease policy further, tweaking its bond buying programme and shifting its focus to ...

Markets - FXMM - Asia

Dollar gains after BOJ changes policy framework TOKYO: The dollar jumped on Wednesday after the Bank of Japan altered its policy framework, and investors bought back the U.S. currency ahead of the outcome of the Federal Reserve's policy meeting later in the session.Japan's central bank, overhauling its massive stimulus programme, decided to scrap its focus on monetary base and set targets for long-term rates.The BOJ maintained the 0.1 percent negative interest rate it applies to some of the excess reserves that financial ...

Markets - FXMM - Asia

China state banks seen selling dollars to steady yuan  SHANGHAI: China's yuan was little changed on Wednesday as heavy dollar sales by state-owned banks, which traders suspected were on behalf of the central bank to prop up the Chinese currency, offset dollar purchases by companies.Prior to market open, the People's Bank of China set the midpoint rate at 6.6738 per dollar, weaker than the previous fix of 6.6595.The spot market opened at 6.6721 per dollar and was changing hands at 6.6736 as of 0444 ...

Markets - FXMM - Asia

Yen skids after BOJ changes policy framework TOKYO: The yen weakened against the dollar and euro on Wednesday after the Bank of Japan altered its policy framework, and investors bought back the U.S. currency ahead of the outcome of the Federal Reserve's policy meeting later in the session.Japan's central bank, overhauling its massive stimulus programme, decided to scrap its focus on monetary base and set targets for long-term rates.The BOJ maintained the 0.1 percent negative interest rate it applies to some of ...

Markets - FXMM - Asia

Sri Lankan rupee ends steady; state bank dollar sales cap fall COLOMBO: The Sri Lankan rupee ended steady on Tuesday as a state bank sold dollars after the local currency fell due to importer greenback demand, with traders unwilling to trade the rupee below the level desired by the central bank, dealers said.Dealers said the rupee strengthened earlier in the session due to state bank dollar sales. The spot rupee ended at 145.90/146.30 per dollar, little changed from Monday's close of 145.90/146.00."The rupee is under pressure ...

Markets - FXMM - Asia

Sri Lankan rupee edges up on state bank dollar sales COLOMBO: The Sri Lankan rupee gained slightly on Tuesday as a state bank sold dollars after the local currency fell due to importer greenback demand, with traders unwilling to trade the rupee below the level desired by the central bank, dealers said.The spot rupee was at 145.80/146.00 per dollar at 0638 GMT, slightly firmer from Monday's close of 145.90/146.00. One-week forwards were at 145.95/146.15, compared with the previous close of 146.12/22.The spot rupee is usually ...