currency Archive

Dollar steadies against yen, while Aussie dollar surges

Source photo The dollar was almost flat against the yen during Asia trade Thursday, with brightened sentiment prompting selling of the Japanese currency and its perceived safety, which offset dollar selling by investors looking to lock in profits. Meanwhile, the Australian dollar jumped against its rival currencies following a sharp drop in the nation’s unemployment [&hellip

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Dollar trades atop ¥123 in wake of U.S. jobs report

Source photo The dollar stabilized on Monday in spot foreign-exchange trading in Asia, after stronger-than-expected U.S. jobs data on Friday boosted the currency sharply higher on expectations of a rate increase from the U.S. Federal Reserve in December. Yet foreign-exchange market participants are looking beyond the possible rate increase at the December meeting, and starting [&hellip

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Dollar steadies as investors watch for U.S. jobs data

The dollar stabilized on Friday in Asia, as investors awaited the U.S. jobs report to help them weigh the odds of a Federal Reserve rate increase this year. Momentum on the U.S. dollar’s rise, which hit multi-month highs against the euro and the yen on Thursday, tapered off on Friday after data showed new applications [&hellip

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U.S. dollar backs off as investors dubious over Dec. U.S. rate rise

Source photo The U.S. dollar’s rising momentum eased on Thursday in Asia as market participants calibrated odds of a Federal Reserve rate increase this year. The suggestion by several Fed officials that the U.S. central bank may start raising rates in December has fueled dollar-buying in recent sessions. Fed Chairwoman Janet Yellen said Wednesday a [&hellip

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Currencies: Dollar up against yen on report BOJ planning fresh stimulus

Source photo The dollar was higher against the yen in choppy Asia trade Friday, supported by a local media report that the government is putting together a fresh fiscal stimulus in the form of a supplementary budget exceeding Y3 trillion ($25 billion). The greenback USDJPY, -0.29% was at ¥120.82 compared with ¥121.11 late Thursday in [&hellip

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Dollar slightly higher, hits resistance at ¥120

Source photo The dollar inched up against the yen in range-bound Asia trade Wednesday, with investors largely sitting on the sidelines with no fresh trading cues. The currency USDJPY, +0.04% briefly hit as high as ¥120.01 in keeping with stock market strength in the mid-afternoon, crossing the ¥120-mark for the first time since Oct. 13. [&hellip

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Currencies: Dollar holds tight ahead of big central-bank meetings

The dollar was unchanged against the yen and the euro in range-bound Asian trade Tuesday, as investors remained reluctant to make major bets given the lack of fresh trading cues. The greenback USDJPY, +0.12% was at ¥119.49, unchanged from late Monday in New York. Given there no fresh incentives during the Asian to give the [&hellip

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Dollar loosens yen grip, rises after nearly two-month lows

Source photo The U.S. dollar extended gains against the Japanese yen in Asia trade Friday, as dip-buying kicked in after it tumbled overnight to its lowest level in nearly two months. The dollar USDJPY, +0.11% was at ¥119.17, compared with ¥118.91 late Thursday in New York. The U.S. currency hit as low as ¥118.06 overnight, [&hellip

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Dollar drops against yen as risk-off mood persists

Source photo The dollar moderately weakened against the yen and the euro in Asia trade Wednesday, as the Japanese and eurozone currencies were bought amid volatility in riskier assets. The greenback USDJPY, -0.10% was at ¥119.68, compared with ¥119.74 late Tuesday in New York. The U.S. currency was slightly weaker against the euro EURUSD, +0.3251% [&hellip

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Why the TPP is better off without currency manipulation protection

Source photo The currencies of the 11 nations that joined the U.S. in agreeing to the Trans-Pacific Partnership on Monday will likely continue to lose ground against the U.S. dollar, possibly aggravating U.S. lawmakers who may interpret that weakness as intentional manipulation. While the TPP trade pact was being negotiated, some U.S. lawmakers lobbied Michael [&hellip

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