Connect to share and comment

Yen at 10-day low vs. dollar after Ukraine talks, U.S. data

By Hideyuki Sano TOKYO (Reuters) - The yen slipped to 10-day lows against the dollar on Friday after speculators unwound some safe-haven trades following upbeat U.S. economic data and on hopes for a diplomatic initiative seeking an end to violence in Ukraine. The dollar traded at 102.43 yen, and has ticked up in the past five sessions from a three-week low of 101.32 yen.

Dollar steady in Asia on US jobs data, Ukraine deal

The dollar was steady in quiet Asian trade Friday, winning support from positive US jobs data and a deal between Russia and the West aimed at easing tensions in Ukraine. The greenback fetched 102.43 yen in Tokyo, up from 102.39 yen in New York Thursday while the euro drifted lower against the dollar to $1.3812 from $1.3813. The European single currency rose to 141.46 yen from 141.45 yen in US trade.

Dollar-euro rate flat, yen lower as Ukraine crisis simmers

The dollar-euro exchange rate was virtually unchanged for a second day Thursday while the yen slipped again amid worries about the simmering Ukraine crisis. A deal struck in talks in Geneva between the US, European Union, Ukraine and Russia to ease the crisis took some of the short-term worries out of the market, where traders in many forex centers including London and New York were to start the Easter weekend holiday on Friday.

Loonie advances as rising energy prices send March inflation higher

TORONTO - The Canadian dollar closed higher Thursday amid data showing inflation coming in slightly higher than expected. The loonie was up 0.04 of a cent to 90.8 cents US as Statistics Canada reported that the consumer price index rose 0.6 per cent in March from the previous month, higher than the 0.4 per cent reading that economists had expected. The rise was mostly due to a three per cent increase in gasoline prices from February. Excluding volatile items such as food and energy, the core rate of inflation rose 0.3 per cent, which was in line with expectations.

Strong European currencies eat into company profits

By Tom Bergin and Martinne Geller LONDON (Reuters) - As European policymakers consider action to stop a strong euro holding back jobs growth, companies across the continent say the currency's strength is already eating into their profits. Some of Europe's largest companies including Danone <DANO.PA>, SAP AG <SAPG.DE> and L'Oreal <OREP.PA> have posted buoyant first-quarter sales volumes in the past week thanks largely to strong demand in emerging markets such as Brazil and in North America.

Asian shares mixed after US report, Fed comments

Asian markets were mixed Thursday as a positive report on the US economy and the Federal Reserve chief's pledge to keep interest rates at record lows were offset by profit-taking after the previous day's gains. Wall Street provided another positive lead, with the technology-weighted Nasdaq leading a third-straight rally after last week's heavy sell-off. Tokyo, which surged more than three percent on Wednesday, gave up morning gains to end flat, dipping 0.15 points to 14,417.53, while Seoul was also virtually unchanged, nudging 0.16 points down to 1,992.05.

Dollar lower in Asia after upbeat data, Beige Book

The dollar drifted lower in Asia Thursday as upbeat US data and dovish comments from Federal Reserve chair Janet Yellen suggested the central bank would hold steady on the pace of its stimulus tapering. In Tokyo afternoon trade, the greenback slipped to 102.02 yen from 102.25 yen in New York on Wednesday. The euro rose to $1.3837 from $1.3815, while it weakened to 141.17 yen from 141.28 yen.

Asian shares mixed after US report, Fed comments

Asian markets were mixed Thursday as a positive report on the US economy and the Federal Reserve chief's pledge to keep interest rates at record lows were offset by profit-taking after the previous day's gains. Wall Street provided another positive lead, with the technology-weighted Nasdaq leading a third-straight rally after last week's heavy sell-off. Tokyo was 0.36 percent lower at the break, Hong Kong rose 0.35 percent, Sydney added 0.54 percent, Shanghai dipped 0.11 percent and Seoul shed 0.13 percent.

Korean currency's volatility rises in Q1

SEOUL, April 17 (Yonhap) -- The daily volatility of the South Korean currency rose in the first quarter from three months earlier, affected by emerging market unrest, the central bank said Thursday. The average daily volatility of the local currency was measured at 4.9 won in the January-March period, compared with 3.4 won the previous quarter, according to the Bank of Korea (BOK). The volatility increased in tandem with fluctuations in the currencies of other emerging countries, it said.

Euro-dollar flat as Yellen reiterates cautious Fed view

The US dollar overcame early losses Wednesday to end flat against the euro while the yen slipped back as Janet Yellen underscored the Federal Reserve's cautious path forward. At 2100 GMT the euro was at $1.3815, compared to $1.3813 late Tuesday. During the day it rose as high as $1.3851 before succumbing to selling. Helping the dollar's rebound was confident talk from the Federal Reserve on growth slowly picking up after a harsh winter.
Syndicate content