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Dollar falls slightly to mid-118 yen zone in early Tokyo deals

TOKYO: The U.S. dollar fell slightly to the mid-118 yen zone Thursday morning in Tokyo, with its topside capped by retreating hopes for an early interest rate hike in the United States following the release overnight of U.S. Federal Reserve minutes. At noon, the dollar fetched 118.57-58 yen compared with 118.73-83 yen in New York and 119.17-18 yen in Tokyo ... Read More »

Dollar falls slightly to mid-118 yen zone in early Tokyo deals

TOKYO: The U.S. dollar fell slightly to the mid-118 yen zone Thursday morning in Tokyo, with its topside capped by retreating hopes for an early interest rate hike in the United States following the release overnight of U.S. Federal Reserve minutes. At noon, the dollar fetched 118.57-58 yen compared with 118.73-83 yen in New York and 119.17-18 yen in Tokyo ... Read More »

Russian rouble start stronger against dollar, euro

NEW YORK: The Russian rouble opened stronger against the dollar and euro on Wednesday. At 0703 GMT it was up 0.2 percent against the dollar at 62.40 and up 0.3 percent to 71.16 against the euro Read More »

Indian rupee strengthens against dollar in early trade

MUMBAI: The Indian rupee on Friday strengthened against the dollar, tracking gains in the local equity and Asian currencies market. The local unit opened at 62.15 per dollar and touched a high of 62.11. At 9.09am, the home currency was trading at 62.11, up 0.31% from previous close of 62.31. The Index of Industrial Production (IIP), a measure of factory ... Read More »

Turkish lira lowers to all-time low of 2.4734 against US dollar

ISTANBUL: The Turkish lira weakened to an all-time low of 2.4734 against the US dollar in line with other emerging currencies on Friday after US employment data opened the door to mid-year rate hikes by the Federal Reserve (Fed). US job growth rose solidly in January and wages rebounded strongly, a show of underlying strength in the economy that puts ... Read More »

China ‘s Yuan slightly tumbles against dollar in early move

SHANGHAI: China’s Yuan weakened slightly against the dollar on Monday after China published surprisingly weak January trade data on Sunday, and continued to trade near the limit of its daily trading band as the central bank held the exchange rate steady. The People’s Bank of China set the midpoint rate at 6.1311 per dollar prior to market open, weaker than ... Read More »

Russian Rouble stronger 1 % against dollar, euro in early trade

ROME: Russia’s rouble traded around 1 percent stronger against the dollar and euro in early trade on Monday, supported by steady oil prices and the prospect of further diplomacy to find a solution to the Ukraine crisis. At 0708 GMT, the rouble was around 1.1 percent stronger against the dollar at 66.22 and gained 1.3 percent to trade at 75.01 ... Read More »

China ‘s Yuan slightly tumbles against dollar in early move

SHANGHAI: China’s Yuan weakened slightly against the dollar on Monday after China published surprisingly weak January trade data on Sunday, and continued to trade near the limit of its daily trading band as the central bank held the exchange rate steady. The People’s Bank of China set the midpoint rate at 6.1311 per dollar prior to market open, weaker than ... Read More »

Indian rupee slips 62per dollar down 31 paisa in early trade

MUMBAI: The Indian rupee slipped 62 per dollar in early trade on Monday, down 31 paisa compared to Friday’s closing value of 61.69 a dollar. Agam Gupta, Standard Chartered said, “The US Jobs data release on Friday was very strong which has led to a bout of Dollar strength against all currencies. We expect the USD-INR to trade in the ... Read More »

Tokyo stocks start 0.80% stronger, Nikkei 225 surges 141.81pts

TOKYO: Tokyo stocks opened 0.80 per cent higher on Monday with investor sentiment boosted by strong US jobs data and the yen’s plunge against the dollar. The Nikkei 225 index at the Tokyo Stock Exchange rose 141.81 points to 17,790.31 at the start. The dollar surged higher Friday after a surprisingly upbeat US jobs report fuelled speculation that the Federal ... Read More »

Indian Rupee declines 16 paisa to 61.91 against dollar in early trade

MUMBAI: The rupee declined 16 paise to 61.91 against the Greenback in early trade on Thursday at the Interbank Foreign Exchange (Forex) market due to appreciation of the US dollar overseas. Forex dealers attributed the rupee’s fall to the American unit’s gains against other currencies overseass and a lower opening in the domestic equity market. The domestic unit had closed ... Read More »

Dollar remains weak against Japanese yen in Asian trade

MUMBAI: The US dollar stayed weak against the Japanese yen in see-saw Asian trading amid falling stocks and Greek debt-deal worries sparking risk-off sentiments. Currently, the USD/JPY traded at 117.30 levels, down 0.21% on the day, retreating from daily highs previously posted at 117.63 levels. The yen regained strength versus the greenback after a weak US manufacturing and consumer confidence ... Read More »

Yen touches 2 months high against Australian dollar

TOKYO: The yen touched two-week high against the dollar on Monday, while commodity currencies were weak as concerns about the health of the Chinese economy added to unease following a fall on Wall Street. The dollar slid to a two-week low of 116.64 yen in early trade, its lowest since Jan. 16, down from around 117.52 late in New York ... Read More »

Dollar higher against Japanese Yen in Asian trade

TOKYO: The dollar was stronger against the Japanese yen in Asian trade Monday, with short covering and dip-buying kicking in to lift the US dollar after it hit a two-week low. Around 0450 GMT, the dollar was up to Y117.68 compared with Y117.41 late Friday in New York. The greenback met with selling pressure earlier in the morning, in line ... Read More »

Indian rupee starts at 61.95 against dollar, down 9 paisa

MUMBAI: The rupee opened lower by nine paisa at 61.95 against the dollar in Interbank Foreign Exchange due to high demand for the US currency from importers. Dealers attributed the domestic currency’s fall to increased demand for the American currency from importers and a lower opening in the domestic equity market but the dollar’s strength against other currencies overseas, limited ... Read More »

Dollar lowers against Yen in Asian trade

LONDON: The dollar was weaker against the yen in Asian trade Friday, pulled down by profit-taking and selling by corporate investors related to end-of-the-month commercial trade settlement. Around 0450 GMT, the dollar was down to Y117.97 compared with Y118.29 late Thursday in New York. The greenback initially maintained overnight gains brought about by favorable employment numbers, in which Americans filed ... Read More »

Dollar edges down against major currencies ahead of US economic data

TOKYO: The dollar edged down against other major currencies on Friday as financiers attuned their positions ahead of key US economic growth data later in the day. In Tokyo, the greenback slipped to 117.96 yen, down from 118.34 yen in New York, but still up from 117.70 yen in Asia earlier Thursday. The euro strengthened to $1.1330 from $1.1317, while ... Read More »

Bank of Russia surprises world with 2pc interest rate cut

MOSCOW: Russia’s central bank cut its main interest rate to 15 percent from 17 percent in a move that caught markets by surprise, sending the ruble tumbling. “The Bank of Russia Board of Directors decided to reduce the key rate from 17.00 to 15.00 percent per annum,” the central bank said in a statement, saying this was “aimed at averting ... Read More »

Dollar lowers against Yen in Asian trade

LONDON: The dollar was weaker against the yen in Asian trade Friday, pulled down by profit-taking and selling by corporate investors related to end-of-the-month commercial trade settlement. Around 0450 GMT, the dollar was down to Y117.97 compared with Y118.29 late Thursday in New York. The greenback initially maintained overnight gains brought about by favorable employment numbers, in which Americans filed ... Read More »

Dollar edges down against major currencies ahead of US economic data

TOKYO: The dollar edged down against other major currencies on Friday as financiers attuned their positions ahead of key US economic growth data later in the day. In Tokyo, the greenback slipped to 117.96 yen, down from 118.34 yen in New York, but still up from 117.70 yen in Asia earlier Thursday. The euro strengthened to $1.1330 from $1.1317, while ... Read More »