Currencies

Japan investors' foreign bond buying making yen stronger

TOKYO -- Japanese institutions' push into foreign government bonds, typically a cause of depreciation in the yen, is actually pushing up the currency as buyers hedge against foreign exchange losses and drive down debt yields.Japanese life insurers an...

  • Exporters pass up softer yen, await better buying chance

    TOKYO -- Though the yen has settled down at a comfortable level after a spike in recent weeks, Japanese exporters are not jumping at this chance to buy the currency, instead waiting for a further drop amid renewed anticipation of a U.S. interest rate...

  • Yuan to trend lower despite China's pledge to avoid currency war

    HONG KONG -- Quietly and unobtrusively, the Chinese yuan has devalued more than 5% in trade-weighted terms so far this year. It skidded down to 6.70 against the dollar for the first time since 2010 early this week, in spite of Premier Li Keqiang's re...

  • Yen dips, soars as policy rumor mill turns

    TOKYO -- The yen bounced through world markets Thursday as traders puzzled over what is in store for Japan's fiscal and monetary policies.The Japanese currency dropped as low as the mid-107 yen range against the dollar in Tokyo trading, extending its...

  • Dollar trades in lower 107 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 107 yen range early Thursday in Tokyo, slightly up from its levels overnight in New York.At 9 a.m., the dollar fetched 107.17-18 yen compared with 106.84-94 yen in New York and 106.33-34 yen in Tok...

  • Investors doubt more BOJ easing will weaken yen much

    TOKYO -- Investors expect the yen to depreciate only slightly or even strengthen if the Bank of Japan decides next week to further ease monetary policy, while the central bank faces a dilemma over when to play its few remaining cards."Even if the ban...

  • UK assets find fans in Brexit-fueled bargain hunters

    LONDON -- Weakness in the pound following the U.K.'s vote to exit the European Union has started to lure investors on the hunt for a deal to quality British assets, potentially helping to buffer the economic shock of separation.SoftBank Group chief M...

  • Turkey lowers key interest rate by quarter point

    ISTANBUL -- The Turkish central bank cut the overnight lending rate for a fifth straight month Tuesday, to 8.75% from 9%, in a bid to quell market concerns over the failed coup and to help satisfy funding needs of the country's banks and companies.It...

  • Turkish lira suffers after coup attempt

    TOKYO -- The Turkish lira is languishing following the failed military coup there over the weekend as investors take a closer look at the risks posed by the country.The lira dropped over 5% to about 3.04 to the dollar at one point Friday -- when repo...

  • SoftBank outfoxes forex market ahead of ARM deal

    NEW YORK -- For weeks, forex traders had been scratching their heads over who was buying the pound so heavily and why. Yet few of them saw it coming when SoftBank Group announced on Monday that it will acquire British chip designer ARM.Last week, an ...

  • Brexit, banks fueling bitcoin's resurgence

    TOKYO -- The bitcoin renaissance seems to be at hand, with investors using the virtual currency to weather turbulent financial markets and banks striking partnerships to explore the system's underlying technology.Until mid-May, 1 bitcoin fetched on t...

  • Yuan/dollar exchange rate slips below 6.7 for first time since 2010

    SHANGHAI (Reuters) -- China's yuan slipped below the psychologically important level of 6.7 to the dollar for the first time in more than five years, after state bank support for the currency tapered off in late trade on Monday."State banks were quit...

  • Malaysian ringgit

    To remain buoyant despite BNM's surprise rate cut

    KUALA LUMPUR (NewsRise) - The ringgit is poised to remain resilient, shrugging off Bank Negara Malaysia's first rate cut in seven years, as robust foreign inflows into bond markets and benign inflationary expectations prop up the Southeast Asian curr...

  • Malaysian market wrap

    Shares end week higher on BNM rate cut, global stimulus hopes

    KUALA LUMPUR (NewsRise) -- Malaysian shares and the ringgit ended higher for the week, as a surprise rate cut by Bank Negara Malaysia lifted local sentiment and hopes of stimulus from major central banks around the world buoyed global indexes.The nat...

  • 'Helicopter drop' hopes propel short-yen, long-equities trade

    TOKYO -- Speculation that the Bank of Japan may soon resort to monetary handouts appears to be moving the yen and Japanese stocks in directions Tokyo wants them to go.Both the government and the BOJ have dismissed talk of dispensing "helicopter money...

  • Bitcoin and China's endless chain of bubbles

    SHANGHAI -- From the stock and property markets to other segments of the economy, bubbles are continually cropping up in China. Lately, the country's investors have been turning to bitcoin in droves.Chinese investors are constantly shifting from one ...

  • Why the yen is a haven

    TOKYO -- It is conventional wisdom: Investors buy the yen when global market sentiment worsens. But why? Why is the currency of a country whose economy is on the skids a haven?

  • Asia shares fall, bonds surge as Brexit fears resurface

    TOKYO (Reuters) -- Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risk assets of all stripes.Concerns about the impact on al...

  • Resource-linked currencies rebound from post-Brexit drop

    TOKYO -- Currencies from resource-producing nations such as Canada and Australia are regaining strength, nearing levels last seen before Britons voted June 23 to leave the European Union.The Australian dollar fetched 75 U.S. cents here at one point T...

  • South Korean won ends at 2-month high; stocks jump on strong risk sentiment

    SEOUL (Reuters) -- The South Korean won ended at a near two-month high on Friday, fully recovering losses from the surprise Brexit vote as the market was supported by broad risk sentiment.The won was quoted at 1,145.0 to the dollar at the end of onsh...