Currencies

Easy-money eddy

Yen fades as safe haven

TOKYO -- Even with Greeks soundly rejecting austerity in a historic vote and with Shanghai stocks on a downward roller coaster ride, currency traders are not buying up the yen as an emergency resort. A brief buying frenzy in early morning trading...

  • Malaysian currency

    Ringgit slides below 2005 peg level

    KUALA LUMPUR -- The ringgit weakened to its lowest level against the U.S. dollar since its unpegging in 2005 on Monday as uncertainties over the future of Greece intensified. The ringgit fell to 3.8017 against the greenback from Friday's 3.7521, ...

  • Euro falls as Greece votes 'No' to bailout package

    WELLINGTON (Reuters) -- The euro fell sharply on Monday in Asia-Pacific trading after Greeks looked to have overwhelmingly rejected austerity measures demanded in return for bailout money. The euro initially fell about 1.4 percent against its U.S...

  • Dollar stuck in lower 123 yen range ahead of Greece referendum

    TOKYO (Kyodo) -- The U.S. dollar was mostly stuck in the lower 123 yen range on Friday in Tokyo as market participants retreated to the sidelines ahead of Greece's referendum on bailout terms proposed by its international creditors on Sunday. At ...

  • Indonesia's currency decree

    Rupiah now only option for domestic deals

    SINGAPORE -- Indonesia has made it mandatory to use the rupiah for all domestic transactions. The regulation, which took effect Wednesday, is seen as an attempt to shore up the currency's value. Many market watchers, however, reckon the rupiah wi...

  • Euro on defensive as Greece misses IMF debt deadline

    SYDNEY (Reuters) -- The euro got off to a cautious start in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. The common currency...

  • Currency market

    Greek drama hits euro hard

    WELLINGTON (Dow Jones) --The euro took an early morning tumble in Asian trading Monday and the pressure is unlikely to abate as events continue to swiftly unfold in Greece. Greek Prime Minister Alexis Tsipras' referendum call followed by news the E...

  • Indian monetary policy

    Rupee's fall flattens out

    TOKYO -- The rupee's slide on foreign exchange markets has paused as expectations wane that India's central bank will carry out additional monetary easing. The Indian currency hit a 20-month low when it weakened to 64.38 to the dollar in mid-May....

  • Another shock coming?

    Global investors jittery about Chinese market trends

    TOKYO -- Amid uncertainties over the Greek debt crisis, growing concerns over sluggishness in the Chinese economy and financial markets among investors around the world are preventing the yen from sliding further. The Shanghai Stock Exchange Comp...

  • Lingering uncertainty

    Market speculation persists over Kuroda's words on yen

    TOKYO -- Market watchers are continuing their guessing game over comments last week by Bank of Japan Gov. Haruhiko Kuroda that were taken as a warning against a weaker yen, despite his efforts Tuesday to temper their ripple effect. Kuroda told a ...

  • Dollar higher vs yen on Kuroda remarks

    TOKYO (Dow Jones) -- The dollar was higher against the yen in otherwise quiet Asia trade Tuesday, with the greenback holding on to some of its gains after Bank of Japan Gov. Haruhiko Kuroda clarified controversial remarks he made last week about the ...

  • Dollar firm in mid-123 yen zone on importers' buying

    TOKYO (Kyodo) -- The U.S. dollar held firm in the mid-123 yen zone Monday morning in Tokyo, supported by buying by Japanese importers. At noon, the dollar fetched 123.47-53 yen compared with 123.42-52 yen in New York and 123.71-73 yen in Tokyo at...

  • Dollar trades in lower 123 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the lower 123 yen range early Monday in Tokyo, slightly down from its levels seen Friday in New York.At 9 a.m., the dollar traded at 123.32-34 compared with 123.42-52 yen in New York and 123.71-73 yen in Tok...

  • Dollar firm in mid-123 yen zone after upbeat U.S. data

    TOKYO (Kyodo) -- The U.S. dollar traded firm in the mid-123 yen level Friday morning in Tokyo after gaining a boost from fresh data suggesting a brighter outlook of the U.S. economy. At noon, the dollar fetched 123.46-48 yen compared with 123.39-...

  • Dollar trades in mid-123 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-123 yen level early Friday in Tokyo, slightly up from its levels overnight in New York. At 9 a.m., the dollar traded at 123.58-59 compared with 123.39-49 yen in New York and 123.53-55 yen in Toky...

  • Dropping a dime on terrorists

    Bitcoin, other virtual currencies to face international scrutiny

    TOKYO -- Financial authorities in some of the world's biggest economies, including the U.S., China and Japan, will seek common rules on virtual currencies like bitcoin to stop them from serving as a medium for terrorist financing, money laundering an...

  • BOJ chief's market-moving remark

    Is Kuroda saying yen has weakened far enough?

    TOKYO -- Whether he meant to or not, Bank of Japan Gov. Haruhiko Kuroda convinced enough players in the currency market Wednesday that he was drawing a line in the sand against further depreciation in the yen. Japan's economic and fiscal policy m...

  • Dollar tumbles to 2-week low at mid-122 yen on BOJ gov. comments

    TOKYO (Kyodo) -- The U.S. dollar tumbled to a two-week low in the mid-122 yen level in Tokyo on Wednesday as Bank of Japan Governor Haruhiko Kuroda surprised the markets with remarks stating that further depreciation of the yen is unlikely. The d...

  • Yen soars against dollar after Kuroda remarks

    TOKYO (Reuters) -- The yen shot up against the dollar on Wednesday, reaching a two-week high, after Bank of Japan Governor Haruhiko Kuroda said the real effective exchange rate shows the Japanese currency is "very weak". The dollar fell as low as...

  • Xia Le

    Will IMF inclusion make world stash yuan?

    Many say the Chinese currency will soon have a much bigger presence in global reserves. Not necessarily, says Xia Le.