01192017Thu
Last update: Thu, 19 Jan 2017 07pm

Asia

Markets - FXMM - Asia

Sri Lankan rupee ends steady after early fall COLOMBO: The Sri Lankan rupee ended steady on Tuesday after earlier falling on thin importer dollar demand, dealers said, even as the market looked for cues after the central bank said currency depreciation was not necessarily negative for the economy. The central bank said in a note on Friday that "it is important to understand that depreciation of the rupee has not only negative implications, but also positive implications on the Sri Lankan economy". Rupee forwards were active, with one-week forwards closing at 149.70/150.00 after falling to 150.00/20 per dollar earlier in the session. It closed at 149.75/90 on Friday. The markets were closed for a special bank holiday on Monday in lieu of Christmas holiday on Sunday. "The market expects the rupee to be lower than 150 in the new year and depreciate gradually if the central bank allows greater flexibility," said a currency dealer asking not to be ...

Markets - FXMM - Asia

Won hits 9-1/2 month low; rise in US bond yields dents Asia FX SINGAPORE: The South Korean won touched a nine-and-a-half-month low against the dollar on Tuesday, with most Asian currencies retreating as a rise in US bond yields helped bolster the greenback.The won led losses among Asian currencies with a drop of 0.4 percent on the day. It touched a low of 1,207.4 per dollar, the weakest level since March 11.The Taiwan dollar slipped to as low as 32.282 per US dollar, its lowest level since July ...

Markets - FXMM - Asia

Dollar edges up on bargain hunting after sagging over the holidays TOKYO: The dollar inched up against the yen and euro on Tuesday as some investors emerged out of the holiday lull to hunt for bargains as the market entered the last trading stretch of the year.The euro slipped 0.2 percent to $1.0435 after climbing overnight to $1.0469.The dollar was up 0.3 percent at 117.420 yen after slipping to a six-day low near 117.000 the previous day in reaction to slightly lower U.S. yields. The 10-year ...

Markets - FXMM - Asia

Dollar dips vs yen after US yields pull away from highs TOKYO: The dollar dipped against the yen on Monday, edging lower down after U.S. Treasury yields dipped on mixed economic data.Trading was subdued with many key markets shut on Monday for the Christmas holidays.The greenback was down 0.2 percent at 117.300 yen. The euro was steady at $1.0457.Currencies took stock of the U.S. debt market, which saw the benchmark 10-year note yield end lower on Friday.The yield pulled back from 27-month peaks scaled mid-month following ...

Markets - FXMM - Asia

Sri Lankan rupee ends firmer on dollar selling by state bank COLOMBO: The Sri Lankan rupee closed higher on Friday as dollar selling by a state-run bank helped the local currency gain in lacklustre trading ahead of a long weekend, amid little demand from importers for the US currency, dealers said. Rupee forwards were active, with one-week forwards closing at 149.75/90 per dollar, up from Thursday's close of 150.70/90. The spot rupee and spot-next were hardly traded. The central bank increased the spot reference by a ...

Markets - FXMM - Asia

Dollar retreats ahead of US data, euro on alert over Monte dei Paschi TOKYO: The dollar lost some steam on Thursday, slipping from its 14-year-high against a basket of currencies as investors took profits before a batch of US economic data due later in the day is published.The dollar index, which measures the greenback against six major rivals, dipped 0.1 percent to 102.96. It has receded from the 103.65 marked on Tuesday, its highest since December 2002.Still, the dollar's decline was limited as the Federal Reserve signalled more ...

Markets - FXMM - Asia

Won and Taiwan dollar hit multi-month lows SINGAPORE: The South Korean won hit a more than nine-month low and the Taiwan dollar touched a near five-month trough on Thursday, as the outlook for Asian currencies remained clouded by expectations the Fed could raise rates at a faster pace next year.The South Korean won slipped to as low as 1,200.0 per dollar, its weakest since March.The Taiwan dollar touched its lowest level since late July at 32.080, before recovering on the back of ...