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Dollar falls vs key currencies before Fed announcement

Thomson ReutersJune 9, 2013 21:32

NEW YORK (Reuters) - The dollar fell to a four-month low against major currencies on Wednesday, ahead of the Federal Reserve's announcement and news conference that could shed light on the direction of U.S. monetary policy in the near term. Speculation that the Fed might begin slowing its pace of asset purchases had triggered a recent selloff in global stocks and sent the safe-haven Japanese yen up more than 5 percent against the dollar so far this month.

Dollar dips ahead of Fed policy announcement

Agence France-PresseJune 19, 2013 04:00

The dollar slipped against the yen in Asian afternoon trading on Wednesday with investors sticking to the sidelines as they await the conclusion of the US Federal Reserve's policy meeting. The US unit was at 95.10 yen in Tokyo, against 95.37 yen in New York late Tuesday. The dollar-yen rate was likely to trade in a narrow range before the Fed wraps up its two-day meeting later in the day with chairman Bernanke speaking to reporters soon after, said Junichi Ishikawa, market analyst at IG Securities in Tokyo.

Business Highlights

The Canadian PressJune 18, 2013 18:01

___ NSA director says plot against Wall Street foiled WASHINGTON (AP) — The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence — a set-piece for supporters of the spying.

Dollar rises vs. yen ahead of Fed meeting

Agence France-PresseJune 17, 2013 19:00

The dollar rose against the yen after five straight days of losses Monday as investors speculated about the Federal Reserve's direction for monetary policy on the eve of a two-day Fed meeting. The dollar rose to 94.67 yen around 2200 GMT, up from 94.08 yen late Friday. The euro also gained against the Japanese currency, climbing to 126.52 yen from 125.55 yen. The European currency rose to $1.3363 from $1.3340 Friday.

Asian markets mixed ahead of US Fed meeting

Agence France-PresseJune 17, 2013 08:01

Asian markets were mixed Monday despite a weak batch of US economic data boosting hopes that the Federal Reserve would put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week. Traders were upbeat despite a soft lead from Wall Street while the dollar edged up after suffering a sell-off on Friday in New York. Tokyo jumped 2.73 percent, or 346.60 points, to 13,033.12, climbing for a second successive session after plunging more than six percent on Thursday.

Dollar edges up ahead of Fed policy meeting

Agence France-PresseJune 17, 2013 07:00

The dollar edged up in Asian trade Monday as dealers await the outcome of a crucial US Federal Reserve policy meeting, looking for clues to the future of its monetary easing programme. The greenback bought 94.58 yen in Tokyo midday trade, up from 94.22 yen late Friday in New York, where it lost ground on mostly disappointing US economic data. The euro slipped to $1.3331 from $1.3346 while it was up at 126.05 yen from 125.74 yen.

Dollar edges up ahead of Fed policy meeting

Agence France-PresseJune 17, 2013 02:30

The dollar edged up in Asian trade Monday as dealers await the outcome of a crucial US Federal Reserve policy meeting, looking for clues to the future of its monetary easing programme. The greenback bought 94.74 yen in Tokyo afternoon trade, up from 94.22 yen late Friday in New York, where it lost ground on mostly disappointing US economic data. The euro slipped to $1.3320 from $1.3346 while it was up at 126.21 yen from 125.74 yen.

Asian markets mostly up ahead of US Fed meeting

Agence France-PresseJune 17, 2013 02:00

Asian markets mostly rose Monday, as a weak batch of US economic data provided hope the Federal Reserve would put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week. The gains came despite a soft lead from Wall Street while the dollar edged up after suffering a sell-off on Friday in New York. Tokyo rose 1.30 percent, climbing for a second successive session after plunging more than six percent on Thursday, while Hong Kong gained 1.10 percent, Sydney was flat, Seoul was 0.24 percent higher and Shanghai lost 0.20 percent.

Asian stocks slide led by Tokyo on worries of rising yen; focus on US, Japan monetary policies

The Canadian PressJune 13, 2013 03:31

TOKYO - Asian stock markets endured sharp losses Thursday as gyrations on the Tokyo market, the region's biggest, continued — fueled by worries about a surging yen and monetary policies in the U.S. Investor skepticism about the economic strategies of Prime Minister Shinzo Abe for extracting Japan from two decades of stagnation also figured high in the Nikkei 225's big drop. "The markets have been nervous for some time, and there was disappointment among some investors," said Katsuyuki Hasegawa, chief market economist at Mizuho Research Institute in Tokyo.

Asian stocks slide led by Tokyo on worries of rising yen, focus on US, Japan monetary policies

The Canadian PressJune 12, 2013 03:33

TOKYO - Asian stocks slid in early Thursday trading as gyrations on the Tokyo market, the region's biggest, continued — fueled by worries about a surging yen and monetary policies in the U.S. and Japan. Japanese media reports said overseas hedge funds may be dumping Japan's equities following a disappointment earlier in the week, when the Bank of Japan didn't take additional easing measures to keep economic revival going. The Nikkei 225 index, which plunged more than 6 per cent earlier in the day, was 4.5 per cent down by early afternoon to 12,672.70.