Category: Asia
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Asia FX firms as dollar dips with Fed, BOJ on tap By Investing.com
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Most Asian currencies rose on Monday, while the dollar fell ahead of a Federal Reserve meeting this week that is likely to provide more clues about the bank’s plans to cut interest rates. The Japanese yen was among the best performing currencies, with the currency gaining further on Monday after…
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Asia shares rebound, hoping for dovish outlooks in US and UK By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asian shares rose on Monday in a busy week of earnings and three central bank meetings that could see the United States and the United Kingdom open the door to monetary easing while Japan could raise borrowing costs in a move toward “normalcy.” Oil…
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Asia FX weakens with yuan volatile, dollar steady ahead of PCE data By Investing.com
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Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan volatile amid suspected intervention by the People’s Bank of China, while the dollar held steady ahead of key inflation data. Weak risk appetite has seen traders shun most regional currencies this week, while the Japanese yen…
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Dow misses profit estimates on lower demand in Asia, Europe
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(Reuters) – Dow Chemical Co said on Thursday it missed second-quarter earnings expectations, hurt by lower prices and demand in key markets including Asia and Europe. Manufacturing activity in the eurozone and China declined during the quarter, with Chinese economic data in June showing raw material stocks in contraction territory.…
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Asia FX muted as dollar dips ahead of econ. data; yen surges By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday as a pullback in equity markets kept traders largely avoiding risk-based assets, while the dollar retreated ahead of key economic indicators in the coming days. The Japanese yen remained an exception, rising to its strongest level against the dollar in…
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Economic calendar in Asia on Thursday, July 25, 2024 – some data from Japan
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia FX firms as dollar stalls amid rate cut bets, political uncertainty By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar fell as the greenback’s recovery slowed due to continued expectations of interest rate cuts and uncertainty over the 2024 presidential election. However, sentiment towards Asia remained restrained by concerns about China, amid signs of a slowing economic recovery and uncertainty about…
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Asia FX weak, dollar edges lower after Biden drops presidential bid By Investing.com
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Investing.com – Most Asian currencies were steady on Monday after an unexpected interest rate cut in China provided some cheer, while the dollar fell after President Joe Biden said he would not seek re-election. Biden has endorsed Vice President Kamala Harris, who is now likely to face Republican front-runner Donald…
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Asia FX weakens as US-China uncertainty dents yuan, favors dollar By Investing.com
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Most Asian currencies fell on Friday as concerns about further trade tensions between the United States and China weighed on sentiment, with the dollar benefiting from safe-haven demand even as bets on interest rate cuts persisted. The dollar recovered some of its recent losses, rising 0.1 percent in Asian trade,…
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Asia FX flat amid US-China trade jitters; yen steady amid intervention chatter By Investing.com
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Most Asian currencies were steady on Thursday amid concerns over tougher U.S. trade restrictions on China, while the Japanese yen held steady after rising sharply this week amid suspected interference. Regional currencies have gained in recent sessions amid growing optimism that the Federal Reserve will cut interest rates, which also…
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Asia FX muted as dollar perseveres; yen on intervention watch By Investing.com
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Most Asian currencies moved in a flat-to-low range on Tuesday as speculation about a Donald Trump presidency helped lift the dollar, outweighing growing bets on interest rate cuts. The Japanese yen underperformed its peers, pressured by a stronger dollar, prompting continued warnings from authorities about intervening in the currency market.…
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Dollar strengthens after Trump shooting; Asia FX weakens By Investing.com
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Most Asian currencies were little changed on Monday, while the dollar received some safe-haven demand after the assassination attempt on former U.S. President Donald Trump over the weekend. Regional trading volumes were thin due to a Japanese market holiday. The yen also weakened slightly against the dollar, keeping markets on…
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Heads up for a holiday in Asia today – Japanese markets are closed (no UST physical trade)
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Japanese markets are closed today for Japan’s public holiday, Navy Day. Seaman’s Day, or Umi no Hi, is a national holiday in Japan celebrated on the third Monday in July. It honors the importance of the ocean to Japan as an island nation and recognizes maritime activities and the economic…
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Asia FX weakens as yen volatility spurs caution; dollar dented by soft CPI By Investing.com
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Most Asian currencies fell slightly on Friday as traders turned cautious amid increased volatility in the Japanese yen, which raised speculation about whether the government had intervened in the markets. Losses in regional units were muted as the dollar held steady at a one-month low, after weaker-than-expected U.S. CPI inflation…
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Asia FX rises as dollar loses ground before CPI report By Investing.com
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Most Asian currencies rose on Thursday as the dollar weakened after comments from Federal Reserve Chairman Jerome Powell raised optimism about interest rate cuts, putting upcoming inflation data in focus. Regional currencies regained some ground against the dollar as traders largely stuck to their bets on a Federal Reserve rate…
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Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ By Investing.com
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Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chairman Jerome Powell offered no direct signals on interest rate cuts. The New Zealand dollar was the worst performer of the day after the Reserve Bank of New Zealand struck a…
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Asia FX muted as dollar steadies ahead of Powell; yen remains fragile By Investing.com
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Most Asian currencies fell on Tuesday as the dollar found some strength ahead of Federal Reserve Chairman Jerome Powell’s testimony, while the yen remained at 38-year lows. Sentiment towards Asia also remained tense amid ongoing concerns over new European tariffs on imports from China, which could trigger retaliatory measures from…
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Asia FX muted as dollar weakens; euro steady as leftists lead French elections By Investing.com
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Most Asian currencies were little moved on Monday, with the dollar suffering sharp losses amid growing expectations of interest rate cuts, while the Japanese yen held firm on data showing a recovery in average wages. Elsewhere, European stocks steadied after French election results showed a left-wing coalition won the most…
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Asia shares firm, euro dogged by French election deadlock By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asian shares rose on Monday as investors grew more confident about a U.S. interest rate cut in September, while the euro faced political uncertainty after French elections signaled a hung parliament. In France, a left-wing coalition unexpectedly took first place, ahead of the far…
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Asia FX rises ahead of nonfarm payrolls; yen firms amid intervention watch By Investing.com
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Most Asian currencies rose slightly on Friday, recovering further as the dollar weakened ahead of key jobs data, while the Japanese yen rose sharply on speculation of possible government intervention. Elsewhere, the S&P 500 rose slightly on expectations that the Labour Party would win a landslide victory in the UK…