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Tag Archives: US dollar

South Korean won rebounds from 4 week low against US dollar

SEOUL: The South Korean won rebounded from 4-week low versus  the dollar on Tuesday following a raft of lacklustre US monetary data, whereas treasury bonds rallied after the Reserve Bank of Australia (RBA) cut its interest rate to a record low. The local currency was quoted at 1,097.4 per dollar at the end of onshore trade on Tuesday, compared with ... Read More »

NZ land dollar hits 4yrs low against US dollar but gains vs Aussie dollar

NEW YORK: The NZ land dollar touched a four-year low against the US dollar and gained against the Australian dollar after the RBA cut its key interest rate to a record low 2.25 percent, citing tame inflation and weak domestic demand. The kiwi dollar may extend its own decline on speculation the impact of dry weather on agricultural output and weak ... Read More »

Australian dollar tumbles against US dollar in early trade

PERTH: The Australian dollar tumbled against the US dollar in the early trade on Friday morning, as central banks around the world moved to ease economic policy against the backdrop of potential US interest rate increases. Shortly after 9am the Aussie is fetching US77.67¢, down from US78.75¢ at Thursday’s local close and US78.86¢ on Thursday morning. It fell as low as ... Read More »

South Korean won ends lower against US dollar

SEOUL: The South Korean won tumbled at end against the dollar on Friday, finding late support from month-end exporter demand for the local currency. The won was quoted at 1,093.5 to the dollar at the conclusion of onshore trade, compared with 1,093.9 seen at the end of Thursday’s session. The South Korean currency has risen 0.5 per cent this month, ... Read More »

US dollar higher against yen in Asian trade

LONDON: The dollar climbed  against the yen in Asian trade Thursday, driven by month-end plunge buying by Japanese corporate investors. Market participants also pointed to comments by Japan’s top spokesman that some interpreted as the government leaving open the possibility of further easing by the Bank of Japan, following remarks earlier in the week suggesting that was no longer the ... Read More »

China‘s Yuan tumbles to 6.1335 against US dollar

BEIJING: China’s  Yuan weakened by 53 basis points to 6.1335 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the U.S. dollar ... Read More »

China‘s Yuan tumbles to 6.1335 against US dollar

BEIJING: China’s  Yuan weakened by 53 basis points to 6.1335 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the U.S. dollar ... Read More »

US dollar higher against yen in Asian trade

LONDON: The dollar climbed  against the yen in Asian trade Thursday, driven by month-end plunge buying by Japanese corporate investors. Market participants also pointed to comments by Japan’s top spokesman that some interpreted as the government leaving open the possibility of further easing by the Bank of Japan, following remarks earlier in the week suggesting that was no longer the ... Read More »

US dollar strengthens against yen, touches ¥118.11 from ¥117.78

LONDON: The dollar was advanced against the yen in Asian trade Wednesday, as shareholders wait for the results of the Federal Reserve’s policy meeting later in the day, as well as a series of U.S. monetary data. The dollar USDJPY, +0.17% were at ¥118.11 compared with ¥117.78 late Tuesday in New York. Amid a lack of fresh cues, the greenback ... Read More »

US dollar strengthens against yen, touches ¥118.11 from ¥117.78

LONDON: The dollar was advanced against the yen in Asian trade Wednesday, as shareholders wait for the results of the Federal Reserve’s policy meeting later in the day, as well as a series of U.S. monetary data. The dollar USDJPY, +0.17% were at ¥118.11 compared with ¥117.78 late Tuesday in New York. Amid a lack of fresh cues, the greenback ... Read More »

China currency rank at 5th place in global currencies

BEIJING: China’s currency, yaun, has become the fifth widely used currency in global currencies. Now yaun trails the US dollar, the euro, the pound and Japan’s yen in popularity. The Society for Worldwide Interbank Financial Telecommunication said that yuan passed the Australian and Canadian dollars in popularity in December. Beijing is gradually easing controls on the yuan and encouraging its ... Read More »

Euro rebounds after recent sell-off

NEW YORK: The euro has recovered after slumping to an 11-year low against the US dollar after anti-austerity party Syriza won the Greek election, sparking fears the country could end up exiting the eurozone. The common currency last traded near $1.1238, having pulled up from Monday’s low of $1.1098 – a level not seen since September 2003. Investors sold the euro ... Read More »

South Korean won ends higher against US dollar

SEOUL: The South Korean won closed higher against the dollar on Monday, tracking fast increases in the yen as broad risk-off sentiments triggered a safe-haven rally in the Japanese currency. The won was quoted at 1,080.8 to the dollar at the conclusion of onshore trade, compared with 1,084.1 at the end of Friday’s session. South Korean shares closed nearly unchanged ... Read More »

Rupee tumbles 40 paisa against US dollar

ISLAMABAD: The rupee tumbled against the dollar, it, however, scored new increases versus the euro as the single European currency set a fresh 11-year low versus the US dollar in the international market. In the interbank market, the rupee dropped by 19 paisa in terms of the dollar for buying and selling at Rs 101.00 and Rs 101.05 respectively. In ... Read More »

Australian dollar plunges 5½ yrs low against US dollar

SYDNEY: The Australian dollar dropped to a five-and-a-half year low against the US dollar this morning as the European single currency remained to fall after the European Central Bank’s quantitative easing program declared previous week, and as traders absorbed the implications of an anti-austerity party coming to power in Greece. Australian currency trading was very light owing to the Australia ... Read More »

South Korean won ends higher against US dollar

SEOUL: The South Korean won closed higher against the dollar on Monday, tracking fast increases in the yen as broad risk-off sentiments triggered a safe-haven rally in the Japanese currency. The won was quoted at 1,080.8 to the dollar at the conclusion of onshore trade, compared with 1,084.1 at the end of Friday’s session. South Korean shares closed nearly unchanged ... Read More »

Australian dollar plunges 5½ yrs low against US dollar

SYDNEY: The Australian dollar dropped to a five-and-a-half year low against the US dollar this morning as the European single currency remained to fall after the European Central Bank’s quantitative easing program declared previous week, and as traders absorbed the implications of an anti-austerity party coming to power in Greece. Australian currency trading was very light owing to the Australia ... Read More »

Rupee tumbles 40 paisa against US dollar

ISLAMABAD: The rupee tumbled against the dollar, it, however, scored new increases versus the euro as the single European currency set a fresh 11-year low versus the US dollar in the international market. In the interbank market, the rupee dropped by 19 paisa in terms of the dollar for buying and selling at Rs 101.00 and Rs 101.05 respectively. In ... Read More »

US dollar tumbles against Taiwan dollar at end

TAIPEI: :The U.S. dollar tumbled against the Taiwan dollar Friday, shedding NT$0.078 to close at NT$31.432, as overseas shareholders moved funds into the local stock market and lifted demand for the local currency, dealers said. Foreign fund inflows intensified Friday after the European Central Bank (ECB) announced overnight that it would launch a massive bond-buying program starting in March, they said. ... Read More »

US dollar tumbles against Taiwan dollar at end

TAIPEI: :The U.S. dollar tumbled against the Taiwan dollar Friday, shedding NT$0.078 to close at NT$31.432, as overseas shareholders moved funds into the local stock market and lifted demand for the local currency, dealers said. Foreign fund inflows intensified Friday after the European Central Bank (ECB) announced overnight that it would launch a massive bond-buying program starting in March, they said. ... Read More »