Currencies

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, June 24. © Reuters

More market undulations ahead

TOKYO -- Investors should expect yet more turmoil next week as the Brexit shock continues to shake financial markets.Britain's decision on Thursday to leave the European Union has clouded the financial markets with a number of unknowns, including how...

  • Sterling pares losses after hitting 31-year low on Brexit

    NEW YORK (Reuters) -- Sterling edged off lows against the U.S. dollar on Friday, recovering slightly from a 10 percent plunge to its weakest in 31 years following Britain's vote to leave the European Union, on reassuring statements from central banks...

  • Cheaper pound draws crowds at Singapore money changers

    SINGAPORE -- Currency vendors in Singapore on Friday were besieged with requests to exchange the local currency for British pounds, following the U.K.'s vote to leave the European Union.The referendum result sent the pound falling by more than 6% aga...

  • India shares, rupee sharply lower on UK poll results

    Indian shares and currency open sharply lower as a reaction to the U.K. polls results that suggest a growing lead for the 'Leave' vote in the country's referendum. The S&P BSE Sensex falls 2.8% to 26,237.74, while the National Stock Exchange's Nifty ...

  • Pound hits 31-year low against dollar

    LONDON -- Currency markets on Friday dumped the British pound. Soon after 4 a.m. (GMT), the pound touched a 31-year low against the dollar, as it fetched $1.3475. According to the BBC, as of 4:20 a.m., "leave" had 51.4% of the vote against 48.6% for ...

  • Japan to take 'firm action on yen if needed'

    TOKYO -- Japanese Finance Minister Taro Aso on Friday said the Japanese government is ready to "take firm action on the yen if needed."The currency surged after results of the British referendum on European Union membership began pointing toward "Lea...

  • Yen breaks 100 as ballot count points to Brexit

    TOKYO -- The Japanese Yen surged in Friday's trading, as investors reacted nervously to individual results from local authority areas for the U.K. referendum on whether to leave the European Union.The yen at one point surged passed 100 to 99.01 again...

  • Yen rebounds, sterling turns tail as Brexit anxiety flares up

    SYDNEY (Reuters) -- Sterling reversed sharp early gains while the safe-haven yen staged a rebound on Friday as confidence that Britain will remain in the European Union was badly shaken after early vote counts put the 'Leave' campaign in the lead.The...

  • Yen seen as only gainer among Asian currencies in Brexit vote

    LONDON (Financial Times) -- China's renminbi and India's rupee are seen as the biggest casualties among Asian currencies in the event the UK votes to leave the EU, according to an estimate from Malaysia's Maybank.The Japanese yen is widely expected t...

  • BOJ emergency meeting suspected if vote backs Brexit

    TOKYO -- Many market analysts think the Bank of Japan will convene an emergency policy meeting in response to the potential fallout if British voters decide Thursday in favor of leaving the European Union."We are always prepared to engage in addition...

  • Banks, forex brokers ready for Brexit shock

    TOKYO -- Japanese financial institutions are taking steps to minimize the potential fallout from a British vote to leave the European Union in a referendum Thursday, an outcome that threatens to sink the British pound among other effects.Stockpiling ...

  • Yen woes likely to survive a Brexit rejection

    TOKYO -- The yen remains strong despite recent polls indicating that the U.K. is leaning toward staying in the European Union, highlighting how other factors are keeping the Japanese currency afloat.The rate against the dollar approached 103.50 yen d...

  • Asia shares rise, sterling steadies ahead of Brexit vote

    TOKYO (Reuters) -- Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum.MSCI's broadest index of As...

  • Sterling firm near 3-week high on growing Bremain hopes

    TOKYO (Reuters) -- The British pound held near three-week highs against the dollar and euro on Tuesday, a day after it had made its biggest daily gains since late 2008 as opinion polls swung in favour of the campaign for Britain to stay in the Europe...

  • Dollar trades in upper 103 yen range in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded in the upper 103 yen zone early Tuesday morning in Tokyo, slightly down from its levels overnight in New York.At 9 a.m., the dollar fetched 103.78-82 yen compared with 103.87-97 yen in New York and 104.53-55 ye...

  • Japanese exporters halt yen-buying on rapid appreciation

    TOKYO -- Japanese exporters have curtailed yen-buying following the currency's swift appreciation last week, making it likely that their pent-up demand will prevent the yen's weakening down the road.Exporters convert overseas earnings denominated in ...

  • India markets fall after RBI Rajan's surprise move to quit in September

    NEW DELHI/MUMBAI (Reuters) -- India's rupee fell to a near one-month low and bonds weakened on Monday after central bank governor Raghuram Rajan's surprise announcement he would quit when his term ends in September, though a more crucial test for mar...

  • Sterling rallies as polls favour Britain remaining in EU, yen slips

    TOKYO/SYDNEY (Reuters) -- Sterling rallied on Monday as opinion polls swung in favour of British voters opting to remain in the European Union at this week's referendum, underpinning risk sentiment and sending the perceived safe-haven yen tumbling.Th...

  • Asia stocks gain as Brexit fears ebb slightly, safe-havens retreat

    TOKYO (Reuters) -- TOKYO, June 20 (Reuters) - Asian stocks gained across the board on Monday as fears that Britain would vote to leave the European Union abated a little, aiding a recovery in both sterling and investor risk appetite.Safe-haven assets...

  • Tokyo stocks surge in morning as Brexit polls shift to "Remain"

    TOKYO (Kyodo) -- Tokyo stocks surged Monday morning as sentiment improved on some opinion polls indicating Britain could vote to remain in the European Union in a referendum this week.The 225-issue Nikkei Stock Average gained 344.10 points, or 2.21 p...