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Tag Archives: US dollar

US dollar stables against euro, yen ahead of US data

LONDON: The dollar was steady against the euro and the yen on Wednesday as investors looked ahead to a fresh batch of U.S. economic reports and a European Central Bank meeting for further indications on the direction of monetary policy. EUR/USD was at five-week lows of 1.1163, while USD/JPY was last at 119.73, holding below Tuesday’s highs of 120.25. The ... Read More »

Indian rupee strengthens by 27 paisa against US dollar

MUMBAI: The rupee strengthened by 27 paise to trade at 61.65 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange after the RBI cut interest rates by 0.25 per cent to 7.5 per cent. Forex dealers said besides a higher opening in domestic equity market, the dollar’s weakness against other Asian currencies supported the rupee. The ... Read More »

China’s Yuan edges down against US dollar

HONG KONG: China’s yuan edged down against the dollar on Tuesday, after the central bank fixed a weaker midpoint for the third consecutive day to reflect global strength in the dollar. The People’s Bank of China set the midpoint rate at 6.1543 per dollar prior to market open, weaker than the previous fix of 6.1513. It was the lowest level ... Read More »

Australian dollar surges against US dollar

TOKYO: The Australian dollar surged against its US dollar on Tuesday after the Reserve Bank of Australia opted to leave monetary policy unchanged. The Aussie was last up 0.8 per cent at $0.7824 after going as low as $0.7751 earlier in the session amid expectations that RBA would cut interest rates. Australia’s central bank kept its cash rate steady at ... Read More »

China‘s yuan tumbles against US dollar after CB rate cut

HONG KONG: China’s yuan fell to its lowest level against the US dollar since October 2012 and to within a hair’s breadth of the lower limit of its daily trading range on Monday after the central bank cut its benchmark interest rate during the weekend. Traders expect the Chinese currency to fall further in the coming months due to a ... Read More »

US dollar hits 3 week high against Yen in Asian trade

LONDON: The dollar hit a three-week high against the yen in Asian trade Monday, but it was unable to break above the psychologically-important Y120-mark with investors wary about a slew of U.S. economic indicators and events later this week. Around 0450 GMT, the dollar was at Y119.86 compared with Y119.63 late Friday in New York. Read More »

China‘s yuan tumbles against US dollar after CB rate cut

HONG KONG: China’s yuan fell to its lowest level against the US dollar since October 2012 and to within a hair’s breadth of the lower limit of its daily trading range on Monday after the central bank cut its benchmark interest rate during the weekend. Traders expect the Chinese currency to fall further in the coming months due to a ... Read More »

US dollar hits 3 week high against Yen in Asian trade

LONDON: The dollar hit a three-week high against the yen in Asian trade Monday, but it was unable to break above the psychologically-important Y120-mark with investors wary about a slew of U.S. economic indicators and events later this week. Around 0450 GMT, the dollar was at Y119.86 compared with Y119.63 late Friday in New York. Read More »

US dollar edges up against yen in Asian trade

LONDON: The dollar edged up against the yen in Asian trade Tuesday, driven by early afternoon selling of the Japanese currency that followed a smooth government bond auction. The dollar USDJPY, +0.02% were at ¥118.52 from ¥118.44 late Monday in North America. Earlier in the session, the greenback lost momentum against the yen, with stock market weakness prompting investors to ... Read More »

South Korean won drifts lower against US dollar

SEOUL: The South Korean won drifted lower against the dollar after a choppy trading session, with investors awaiting further clues from Federal Reserve Chair Janet Yellen’s testimony in front of Congress. The local currency was quoted at 1,109.9 to the dollar at the conclusion of onshore trade, compared to 1,108.7 seen at the end of Monday’s session. South Korean shares ... Read More »

US dollar edges higher against Yen

SINGAPORE: The dollar edged higher against the yen on Tuesday, but traders were wary of making too many bets on the currency ahead of congressional testimony by Federal Reserve Chair Janet Yellen. Yellen’s appearance before the U.S. Senate Banking Committee is drawing extra attention after dovish-sounding minutes from the Fed’s January meeting released last week dented expectations for an early ... Read More »

US dollar trades in lower 119 yen zone early Tokyo move

TOKYO:  The U.S. dollar traded in the lower 119 yen zone early Monday in Tokyo, slightly up from its levels in New York before the weekend. At 9 a.m., the dollar fetched 119.08-09 yen compared with 118.97-119.07 yen in New York and 118.82-84 yen in Tokyo at 5 p.m. Friday. The euro was quoted at $1.1380-1381 and 135.51-52 yen against ... Read More »

South Korean won declines against US dollar

South Korean won declines against US dollar SEOUL: The South Korean won stumble against the dollar on Monday, as investors played catch-up to falls in the local currency’s offshore rate during an extended holiday break for domestic markets. The won was quoted at 1,108.7 to the dollar at the conclusion of onshore trade, compared to the previous session close of ... Read More »

US dollar trades in lower 119 yen zone early Tokyo move

TOKYO:  The U.S. dollar traded in the lower 119 yen zone early Monday in Tokyo, slightly up from its levels in New York before the weekend. At 9 a.m., the dollar fetched 119.08-09 yen compared with 118.97-119.07 yen in New York and 118.82-84 yen in Tokyo at 5 p.m. Friday. The euro was quoted at $1.1380-1381 and 135.51-52 yen against ... Read More »

US dollar trades around 119 yen line at start

TOKYO: The U.S. dollar traded around the 119 yen line early Friday morning in Tokyo deals, almost unchanged from its overnight levels in New York. At 9 a.m., the dollar was quoted at 118.98-119.00 yen compared with 118.89-99 yen in New York and 118.70-72 yen in Tokyo at 5 p.m. Thursday. The euro fetched 1.1365-1366 dollars and 135.23-30 yen against ... Read More »

US dollar trades around 119 yen line at start

TOKYO: The U.S. dollar traded around the 119 yen line early Friday morning in Tokyo deals, almost unchanged from its overnight levels in New York. At 9 a.m., the dollar was quoted at 118.98-119.00 yen compared with 118.89-99 yen in New York and 118.70-72 yen in Tokyo at 5 p.m. Thursday. The euro fetched 1.1365-1366 dollars and 135.23-30 yen against ... Read More »

US dollar dips against yen, euro

LONDON: The dollar fell against the yen and euro on Thursday, paring gains after minutes of January’s Federal Reserve policy meeting showed officials were concerned about hiking interest rates too soon. The greenback shed 0.2 percent to 118.58 yen after coming down from a peak of 119.41 overnight. The dollar index added to losses and was down 0.3 percent at ... Read More »

US dollar dips against yen, euro

LONDON: The dollar fell against the yen and euro on Thursday, paring gains after minutes of January’s Federal Reserve policy meeting showed officials were concerned about hiking interest rates too soon. The greenback shed 0.2 percent to 118.58 yen after coming down from a peak of 119.41 overnight. The dollar index added to losses and was down 0.3 percent at ... Read More »

US dollar weakens against yen in Asian trade

LONDON: The dollar was lower against the yen in Asian trade Wednesday, with investors sitting on the sidelines ahead of the Bank of Japan Gov. Haruhiko Kuroda’s post policy board meeting news conference. The dollar USDJPY, -0.04%   was at ¥118.98, compared with ¥119.25 late Tuesday in New York. Tracking overnight strength in the wake of higher U.S. Treasury yields and ... Read More »

US dollar weakens against yen in Asian trade

LONDON: The dollar was lower against the yen in Asian trade Wednesday, with investors sitting on the sidelines ahead of the Bank of Japan Gov. Haruhiko Kuroda’s post policy board meeting news conference. The dollar USDJPY, -0.04%   was at ¥118.98, compared with ¥119.25 late Tuesday in New York. Tracking overnight strength in the wake of higher U.S. Treasury yields and ... Read More »