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Dollar edges up as market awaits Fed chief testimony

The dollar edged up in Asia on Wednesday after selling on weak US data petered out ahead of Congressional testimony by Federal Reserve chief Janet Yellen. The US unit was changing hands at 102.32 yen in Tokyo afternoon trade against 102.22 yen in New York Tuesday afternoon. The euro, which was helped by upward revisions to growth forecasts for the European Union on Tuesday, bought $1.3739 compared with $1.3744 while rising to 140.58 yen from 140.49 yen.

Dollar static ahead of US data

The dollar was flat in Asia on Tuesday as investors waited on fresh US data for clues on how the world's biggest economy is faring. The greenback was at 102.54 yen in Tokyo afternoon trade, compared with 102.48 yen in New York Monday afternoon. The euro bought $1.3732 and 140.85 yen against $1.3734 and 140.76 yen, supported by a solid business sentiment survey in Germany and stable eurozone inflation figures. The dollar will likely be stuck in a tight range of 102.00-103.00 yen during Asian trading on Tuesday, said a senior dealer at a major Japanese trust bank.

Energy stocks push TSX higher, traders look ahead to bank earnings, growth data

TORONTO - Rising energy stocks helped push the Toronto stock market modestly higher Monday while investors looked to an upcoming heavy slate of earnings results from the big Canadian banks. The S The Canadian dollar gained 0.54 of a cent to 90.36 cents US. Stocks resumed rallying in New York following a slight dip last week with the Dow Jones industrials ahead 105.83 points to 16,209.13. The Nasdaq climbed 29.56 points to 4,292.97 and the S

Dollar range bound in Asia

The dollar was range bound against other major currencies in Asian trade Monday as investors awaited key US economic data due later this week for clues about the state of the world's largest economy. The dollar stood at 102.27 yen in afternoon Tokyo trade, down from 102.49 yen in New York Friday. The euro bought $1.3737 and 140.43 yen, compared with $1.3734 and 141.00 yen in New York.

Dollar rallies in Asia on upbeat US data

The dollar rallied against the yen in Asia Friday on the back of mixed US data, while weak eurozone manufacturing pressured the euro. In afternoon Tokyo trade, the greenback rose to 102.60 yen from 102.32 yen in New York Thursday, in tandem with a three percent rally for Tokyo's Nikkei stock index. The euro also rose to 140.73 yen against 140.37 yen in US trade, while it was unchanged at $1.3718, after a key measure of eurozone business activity weakened slightly.

Chile's Larrain says recent peso depreciation 'healthy'

By Rosalba O'Brien and Anthony Esposito SANTIAGO (Reuters) - The recent weakening of the Chilean peso is "healthy" and the top copper exporter's economy is among the best-placed in the emerging world to face a withdrawal of stimulus by the U.S. Federal Reserve, Finance Minister Felipe Larrain said in an interview on Thursday.

Yen gains in Asia after poor retail sales data

Currency traders moved into the yen in Asia on Friday after weaker-than-expected US retail sales data sparked more questions about the health of the world's biggest economy. In Tokyo afternoon trade, the greenback fetched 101.76 yen, weakening from 102.15 yen in New York Thursday afternoon. The euro bought $1.3677 and 139.21 yen, from $1.3678 and 139.74 yen. Data published Thursday showed that US retail sales fell unexpectedly in January, but some economists blamed bad winter weather in part for the drop.

Dollar slips in Asia ahead of US sales data

The dollar slipped in Asia Thursday ahead of the release of US retail sales data seen as key to gauging the strength of the world's biggest economy. In afternoon Tokyo trade, the greenback bought 102.06 yen, from 102.50 yen in New York Wednesday. The euro fetched $1.3608 and 138.92 yen, against $1.3593 and 139.33 yen, after dovish comments from a European Central Bank (ECB) board member. With few trading cues, attention turned to the January US sales data later Thursday after poor jobs figures cast doubt on the strength of the US recovery.

Dollar firms ahead of jobs data

The dollar edged up in Asia on Thursday as investors await the release of key US jobs data and a European Central Bank (ECB) policy meeting. The greenback bought 101.61 yen in Tokyo afternoon trade, compared with 101.49 yen in New York Wednesday afternoon. The euro also drifted to $1.3520 from $1.3536 as investors weigh the likelihood of an ECB interest rate cut later Thursday to boost eurozone growth. Against the Japanese currency, the euro stayed flat at 137.38 yen

Dollar rebounds from Wall St losses

The dollar rose in Asian trade on Tuesday after suffering a sell-off in New York in response to unexpectedly weak US manufacturing data that raised concerns about the world's number one economy. The greenback bought 101.24 yen, up from 100.94 yen late in New York but well down from 102.31 yen in Tokyo earlier Monday. The euro was mixed at $1.3507 and 136.75 yen, from $1.3529 and 136.58 yen in US trade.
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