BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
Markets

Euro mixed in Asia ahead of eurozone growth data

Published Updated

imageTOKYO: The euro was mixed in Asia Thursday as investors awaited second-quarter eurozone growth figures.

In afternoon Tokyo trading, the European single currency fetched $1.3361 against $1.3363 in New York, while it rose to 137.07 yen from 136.89 yen.

The dollar -- which has initially weakened in New York on stagnant US retail sales for July -- strengthened to 102.57 yen from 102.43 yen.

Trading volume was muted with many market players away for Japan's traditional mid-summer holiday.

Investors were focusing on a likely poor report for eurozone economic growth due later Thursday.

Growth in the 18-member bloc was expected to stabilise around 0.2 percent quarter-on-quarter, Credit Agricole said, but concerns about Germany, Europe's top economy, could boost speculation about further easing measures from the European Central Bank (ECB).

The ECB is expected to move again on its monetary policy, after taking unprecedented easing measures in the face of deflation fears. On the other hand, the US Federal Reserve, which has been pulling back on its own stimulus, was seen as likely to hike interest rates sooner than expected as the world's number one economy recovers.

Despite its falls in recent weeks, the euro was still a sell, Credit Agricole said.

Dollar-yen rates hardly reacted to Japanese data that showed core machinery orders -- a leading index of corporate capital spending -- rose a weaker-than-expected 8.8 percent in June, after plunging 19.5 percent in May.

But the yen's level Thursday was well below rates the previous day when Tokyo said Japan's economy contracted in the April-June quarter as a sales tax hike dented activity.

The dollar was lower against other Asia-Pacific currencies.

It fell to Sg$1.2480 from Sg$1.2502 the previous day, to Tw$29.99 from Tw$30.01, and to 31.86 Thai baht from 31.96 baht.

The greenback also dropped to 11,677.50 Indonesian rupiah from 11,695.00 rupiah, to 61.05 Indian rupees from 61.24 rupees, to 1,023.09 South Korean won from 1,028.81 won, and to 43.74 Philippine pesos from 43.97 pesos.

The Australian dollar inched up to 92.56 US cents from 92.93 cents, while the Chinese yuan was up to 16.64 yen from 16.60 yen.

Comments

Comments are closed for this article.