Currencies

Appetite for yen still low despite Ukraine, Mideast strife

TOKYO -- Even as the conflicts in Ukraine and the Middle East burn hotter, investors are less eager to buy the Japanese currency than in previous periods of elevated geopolitical risk, amid expectations that Japan's central bank will continue large-s...

  • Malaysian ringgit remains strong on rate hike bets

    SINGAPORE -- The Malaysian ringgit has strengthened to its highest level since November 2013 on speculation about a rate hike by the country's central Bank Negara. The bank decided July 10 to raise its overnight policy rate for the first time in ...

  • Indonesia rupiah could falter ahead of week-long break

    JAKARTA (Dow Jones) -- The rupiah could weaken significantly as the market trims positions ahead of the week-long holiday ahead. The rise of the U.S. dollar overnight could act as a trigger for USD/IDR to rally toward the daily Ichimoku Cloud resis...

  • Interest rates, Russia risks dragging euro down

    TOKYO -- The euro reached on Wednesday its lowest point against the dollar in Tokyo since November 2013, amid falling interest rates and worries about the impact on the euro zone of European Union sanctions against Russia. The euro softened to $1...

  • Japan Exchange to clear foreign currency interest rate swaps

    TOKYO -- Japan Exchange Group will start clearing interest rate swaps in foreign currencies by September 2015, branching out into a growing market to diversity its services. Japan Securities Clearing Corp., a unit of the securities exchange opera...

  • Weaker yen crowd likes Japan finance ministry reshuffle

    TOKYO -- The Finance Ministry announced July 4 a reshuffle of its senior officials. Tatsuo Yamasaki, who was involved in a large yen-selling intervention, was named vice minister of finance for international affairs. Some market experts say Yamasaki'...

  • New Zealand dollar in flux ahead of central bank's rate decision

    TOKYO -- The New Zealand dollar has been sliding against the greenback, a reversal from a recent uptrend. The kiwi had been on the rise due in part to the Reserve Bank of New Zealand's stated intention to lift its official cash rate. With domest...

  • Investors turn to yen after Ukraine tragedy; analysts expect only limited appreciation

    TOKYO -- Japan's currency, widely considered a safe haven at times of global tension, has been a buying target the past couple of days. An Israeli ground offensive in Gaza and the downing of a Malaysia Airlines plane over Ukraine have stirred unease ...

  • Asian currency swap pool doubles to $240B

    TOKYO -- An agreement doubling the size of an Asian currency swap framework went into effect Thursday, strengthening a regional financial safety net, Japan's finance ministry said. The Chiang Mai Initiative Multilateralization grows to $240 billi...

  • South Korean won begins to fall

    TOKYO -- After a sustained climb, South Korea's currency has begun to fall on growing suspicion that the country's central bank will slash interest rates. On Wednesday, the won weakened for a time to 1,035.90 against the dollar, the weakest level...

  • Yen doldrums: Sign of hopelessness or quiet before storm?

    TOKYO -- The Japanese currency is stagnating at the 101 line against the dollar. The foreign exchange market here remains directionless even after the Tuesday release of the Bank of Japan's policy board meeting results and BOJ Gov. Haruhiko Kuroda's ...

  • Aussie dollar getting top-heavy as economy sags

    SYDNEY -- The Australian dollar has been top-heavy against its U.S. counterpart recently, partly due to concerns over an economic slowdown and a verbal intervention by the central bank. On July 1, the Australian currency traded near its eight-mon...

  • Corporate Japan no longer wants a weaker yen

    TOKYO -- The BOJ's quantitative easing policy was introduced in April 2013 to eventually get prices rising at a 2% clip. Along the way, the policy has weakened the yen, to the delight of exporters and market players here. But when the time comes to d...

  • Indonesia investors bet on Widodo win; push stocks higher

    JAKARTA -- Indonesian shares opened higher for a second straight day Tuesday, as foreign investors placed last-minute bets that their preferred candidate would win Wednesday's presidential election. The benchmark Jakarta Composite Index opened 0....

  • Economists expect yuan to rise slowly toward year-end

    HONG KONG -- Economists project the yuan to average 6.1475 per dollar at the end of this year, slightly stronger than the current level of over 6.21, thanks to expansion of the nation's trade surplus due to a recovery in exports, according to the ave...

  • Yen-yuan trading plunges as China tightens grip

    TOKYO -- Direct trade of the Japanese yen and Chinese yuan is dropping rapidly, likely due to stricter controls by Chinese authorities and a slowdown in investment between the two countries. Trading volume through the Shanghai exchange totaled 13...

  • Dollar moves narrowly around mid-101 yen as traders await events

    TOKYO (Kyodo) -- The U.S. dollar traded narrowly around the mid-101 yen zone in cautious Tokyo trading on Wednesday ahead of key market events, failing to keep earlier momentum on upbeat U.S. economic data. At 5 p.m., the dollar fetched 101.49-50...

  • Quiet June may signal rapid yen movements loom

    TOKYO -- The yen briefly rose Monday to 101.24 against the dollar in Tokyo. Although the yen hit a monthly high at the end of June, its upside still remains top-heavy. The currency's intraday low in June was 102.80, set on June 4. The difference ...

  • After election, Indonesia's economy may weigh on rupiah

    JAKARTA -- The outcome of Indonesia's presidential election July 9 will likely determine the course of the rupiah, currency market analysts say. The rupiah strengthened 0.3% to 11,815 against the dollar in early trading Tuesday as the country rep...

  • Cloudy Indonesian presidential outlook pulls rupiah down

    JAKARTA -- The Indonesian rupiah is accelerating its decline against the dollar, amid growing uncertainty over the outlook for the country's presidential election. Reform-oriented Joko Widodo is the investors' favorite to be the nation's new lead...