Currencies

Ample forex reserve, strong economy to help Malaysia's ringgit stabilize in long-term

KUALA LUMPUR (NewsRise) - Malaysia should build ample foreign exchange reserves and keep economic fundamentals strong to help stabilize the ringgit in the long-term as the currency remains vulnerable to perceived misconception about the country's exc...

  • Uneventful Clinton-Trump debate halts yen's climb

    TOKYO -- The first U.S. presidential debate managed bipartisan consensus in at least one field -- it reassured both yen bears and yen bulls in the foreign exchange market, and saw the Japanese currency halt its recent strengthening.

  • Dollar rises to upper 100 yen amid US presidential debate

    TOKYO (Kyodo) -- The U.S. dollar rose to the upper 100 yen zone Tuesday morning in Tokyo as risk aversion eased somewhat after Japanese stocks largely pared earlier losses while market attention focused on the first televised U.S. presidential debate...

  • Yen bears hope to get last laugh next year

    TOKYO -- Even as mounting uncertainty in foreign politics fuels speculation that the yen will strengthen beyond 100 to the dollar this year, some analysts anticipate a turnaround in 2017 as the pickup in crude oil prices erodes Japan's current-accoun...

  • Dollar trades in upper 100 yen zone in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 100 yen range early Monday morning, little changed from its levels in New York late last week. At 9 a.m., the dollar fetched 100.92-93 yen compared with 100.95-101.05 yen in New York and 100.99-101...

  • Dollar rises to lower 101 yen zone on BOJ easing hopes

    TOKYO (Kyodo) -- The U.S. dollar rose to the lower 101 yen range Friday morning in Tokyo, buoyed by speculation that the Bank of Japan may take further monetary easing steps.At noon, the dollar fetched 101.11-12 yen compared with 100.70-80 yen in New...

  • Dollar falls broadly after Fed cuts longer-term rate view

    NEW YORK (Reuters) -- The dollar fell to its lowest in a week against a basket of major currencies on Thursday as investors sold the greenback following a writedown of longer-term interest rate expectations from the Federal Reserve.The Fed left short...

  • Commentary

    Thomas Mayer -- Why the Fed is spinning in circles

    Once upon a time, the chairman of the Federal Reserve Board was called "The Maestro" because he ruled financial markets. Market participants loved him because he gave them direction and rushed to protect them whenever prices declined. No longer. Toda...

  • Ripples from intervention seen sinking China's forex reserves

    BEIJING -- China's foreign exchange reserves have declined to $3.18 trillion as of the end of August, data released Wednesday by the People's Bank of China shows.The decrease of $15.8 billion in August marks the second consecutive monthly drop, quadr...

  • Speculators start betting on yen's decline

    TOKYO -- Uncertainties over Japanese and U.S. monetary policies are raising doubts that the yen's rally will continue, with many speculators pouring cash into exchange-traded funds that bet against Japan's currency.The ProShares UltraShort Yen ETF is...

  • China, US commit to refrain from competitive currency devaluations

    HANGZHOU, China (Reuters) -- China and the United States on Sunday committed anew to refrain from competitive currency devaluations, and China said it would continue an orderly transition to a market-oriented exchange rate for the yuan.A joint "fact ...

  • Yuan set to soften again after G-20?

    TOKYO -- Some currency traders are concerned that the yuan will weaken again after the Group of 20 summit being held in Hangzhou on Sunday and Monday, based on the view that China is keeping its currency stable only until after it hosts the meeting.T...

  • World Bank's SDR bond coupon rate set at 0.49%

    HONG KONG -- The Word Bank will sell three-year Special Drawing Rights bonds in China with a coupon rate of 0.49%.The offering, set for Sept. 2, will total 500 million SDR units, or equivalent to around $700 million. Though denominated in the Interna...

  • Emerging currencies put dent in Japan Inc. profits

    TOKYO -- Japanese corporations are taking significant hits to their profits as currencies of emerging and resource-based economies weaken, with many companies mulling measures to mitigate risks as expectations of a U.S. interest hike threaten to furt...

  • Dollar starts week on Fed-inspired gains

    TOKYO (Reuters) -- The dollar stood tall in Asian trading on Monday, after Federal Reserve Chair Janet Yellen's upbeat comments on the U.S. economy and traders raised their bets on an interest rate increase.The dollar index, which tracks the greenbac...

  • Asia slips on weaker Wall Street, dollar marks time before Yellen

    TOKYO (Reuters) -- Asian stocks slipped on Thursday, taking their cue from an overnight drop on Wall Street, while the dollar marked time ahead of Friday's speech by Federal Reserve Chair Janet Yellen at the global central bankers' meeting.MSCI's bro...

  • Burned by currency swings, Mrs. Watanabe takes a breather as yen rises

    TOKYO -- Having suffered Brexit-related losses, retail foreign exchange traders in Japan are largely steering clear of their typical contrarian bets even as the yen appreciates.Net long-dollar positions against the yen totaled 287,000 contracts as of...

  • Yen headed skyward as prospects for intervention recede

    TOKYO -- Growing market speculation that the Japanese government will not intervene in the currency market any time soon is threatening to remove what little downward pressure still remains on the yen.Officials from the finance ministry, the Bank of ...

  • Dollar trades just below 100 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded slightly below 100 yen early Thursday in Tokyo, down from its overnight levels in New York.At 9 a.m., the dollar fetched 99.89-90 yen compared with 100.23-33 yen in New York and 100.70-72 yen in Tokyo at 5 p.m....

  • Yen succumbing to midsummer surge

    TOKYO -- Conventional market wisdom says the yen tends to heat up along with summer's sizzling temperatures. And this seems to hold true this year. The Japanese currency strengthened to around 99.50 to the dollar overseas at one point Tuesday despite...