06292016Wed
Last update: Wed, 29 Jun 2016 06am

Asia

Markets - FXMM - Asia

China to launch yuan direct trading pair with South Korean won BEIJING: China will establish direct trading pair between the yuan and South Korean won in interbank forex market, the People's Bank of China said in a statement on Friday. Direct trading between the two currencies will help lower foreign exchange costs for companies, the central bank said in a statement on its website.Copyright Reuters, 2016 ...

Markets - FXMM - Asia

Crashing pound draws queues at Singapore money changers SINGAPORE: The crashing pound sent people flocking to money changers to exploit a favourable exchange rate in Singapore on Friday after the currency plummeted following Britain's decision to leave the European Union.People looking for holidays and those with children studying in Britain joined long lines at Change Alley, a mall in the city-state's business district known for its concentration of money changers, after the pound reached historic lows against the Singapore dollar.The pound also briefly ...

Markets - FXMM - Asia

Taro Aso vows 'firm response' on market volatility if necessary TOKYO: Japanese Finance Minister Taro Aso pledged on Friday that Tokyo was ready to adopt strong measures to address wild volatility on financial markets driven by Brexit fears."We are extremely worried about the risks to the global economy as well as financial and foreign exchange markets," Aso told reporters at an emergency press briefing, as Tokyo stocks nosedived and the yen surged."We will respond firmly when necessary," he added, without elaborating.Copyright AFP (Agence France-Presse), 2016 ...

Markets - FXMM - Asia

Sri Lankan rupee 1 week forwards edge up on exporter dollar sales COLOMBO: Sri Lankan rupee one-week forwards ended firmer on Thursday due to dollar selling by exporters who were expecting further strengthening of the currency after a state-run bank sold the US currency in early trade, dealers said.Importers were reluctant to buy dollars, expecting the currency to strengthen further on the state-run bank's intervention, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee in the absence of trade in ...

Markets - FXMM - Asia

Sri Lankan rupee 1-week forwards edge up on exporter dollar sales  COLOMBO: Sri Lankan rupee one-week forwards ended firmer on Thursday due to dollar selling by exporters who were expecting further strengthening of the currency after a state-run bank sold the US currency in early trade, dealers said.Importers were reluctant to buy dollars, expecting the currency to strengthen further on the state-run bank's intervention, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee in the absence of trade in ...

Markets - FXMM - Asia

Pound hits 6-mth high as Bremain hopes get last minute boost TOKYO: The pound rose to a six-month high against the dollar early on Thursday after the latest polls supported those in favour of Britain remaining in the European Union, hours before a crucial referendum to decide the country's place in Europe.Polls by ComRes, conducted for the Daily Mail newspaper and ITV television, and YouGov for The Times newspaper in London showed a last-minute rise in those supporting Britain to remain in the EU.Reduced Brexit fears ...

Markets - FXMM - Asia

China's yuan flat, traders square positions before UK referendum SHANGHAI: The yuan was little changed against the dollar in cautious trade on Thursday, with some traders squaring their long dollar positions ahead of Britain's referendum on whether to stay in or leave the European Union.The dollar index slid 0.3 percent on Wednesday and extended losses in early Asian trade on Thursday, when sterling hit a six-month high helped by reduced fears of Britain exiting the EU.Spot yuan opened at 6.5747 per dollar and was ...