Currencies

Dollar edges down to 102 yen line, capped by Yellen's remark

TOKYO (Kyodo) -- The U.S. dollar edged down to around the 102 yen line on Thursday in Tokyo with its upside capped by U.S. Federal Reserve Chair Janet Yellen's dovish remarks overnight. At 5 p.m., the dollar fetched 102.02-04 yen compared with 10...

  • 'Fragile Five' currencies rally on waning US interest rate fears

    TOKYO -- Emerging-market currencies are rebounding as concerns subside regarding U.S. monetary tightening in the near term. Currencies of the so-called Fragile Five nations -- Turkey, South Africa, India, Brazil and Indonesia, had fallen prey to ...

  • South Korean won near 6-year high on current-account surplus

    TOKYO -- The South Korean won is surging on an increase in the country's current-account surplus, briefly hitting 1,031 against the dollar last Thursday to mark its highest level since August 2008. Though the won has been rising since the start o...

  • New Zealand dollar firm after rate hike

    TOKYO -- New Zealand dollars continue to trade at consistent levels after interest rate hike. Profit-taking sales last week weakened the currency, but it is nearly 4% higher than its level at the start of the year. The currency currently trades a...

  • Rupiah advances as signs of recovery, election hopes boost sentiment

    JAKARTA -- Positive economic indicators and growing optimism that a July presidential election will usher in a new leader recently helped to push the rupiah to its biggest quarterly gain in five years. On Tuesday, the currency received an additional ...

  • Japan Inc. expects weakest yen in 5 years in fiscal 2014

    TOKYO -- Large Japanese companies appear less concerned that the yen will strengthen against the dollar in the coming year, a survey of their assumed exchange rates for fiscal 2014 shows. Big manufacturers see the yen trending to a roughly five-y...

  • Thawing US economy likely to jolt yen out of winter slumber

    TOKYO -- The Japanese currency has remained calm since February, settling into a narrow range against the dollar. But there is a growing view among currency traders that a U.S. economic recovery will bring action back to the market this spring. M...

  • Thai currency remains at mercy of politics

    BANGKOK -- Thailand's baht continues to move erratically on the foreign exchange market, swayed by the political turmoil that has gripped the country for about five months. Selling of emerging nations' currencies -- stemming from the U.S. Federal...

  • Dollar in lower 103 yen zone as traders await U.S. data, Fed hints

    TOKYO (Kyodo) -- The U.S. dollar moved in a narrow range in the lower 103 yen zone on Tuesday in Tokyo, as traders looked ahead to a series of U.S. economic indicators for clues to the Federal Reserve's next monetary policy tack. At 5 p.m., the d...

  • Rupee hits 8-month high as foreigners snap up Indian stocks

    SINGAPORE -- The greenback briefly fell to 59.68 Indian rupees Monday, the first time in eight months that the dollar fell below the 60 rupee level. Foreign investors are buying Indian stocks at a faster pace, and the inflow of money is pushing up th...

  • Yen bears unfazed by currency's recent strength

    TOKYO -- The yen has regained some of its strength against the dollar since the beginning of the year, dashing expectations for continued depreciation. Nevertheless, the bearish crowd is not ready to change its tune. The yen was hovering at aroun...

  • How to win friends and influence an economy -- Kuroda style

    TOKYO -- What a difference a year makes. When Haruhiko Kuroda became governor of the Bank of Japan last March, many inside and outside the institution predicted turbulent times. Some saw the new chief -- a longtime critic of the bank -- as a mercenar...

  • Dollar falls to upper 101 yen in morning on Ukraine sanctions talk

    TOKYO (Kyodo) -- The U.S. dollar fell to the upper 101 yen range in Tokyo on Thursday morning, carrying over its moderate fall overnight on fears of an escalation of sanctions over the crisis in Ukraine. At noon, the dollar fetched 101.86-93 yen ...

  • Dollar trades just below 102 yen in early Tokyo deal

    TOKYO (Kyodo) -- The U.S. dollar traded just below the 102 yen line early Thursday morning in Tokyo, slightly down from its overnight level in New York. At 9 a.m., the dollar fetched 101.91-92 yen compared with 102.00-10 yen in New York and 102.2...

  • Turkish lira atrophies as Erdogan loses big-city support

    Turkey's currency is weakening because the country's hazy political future is making investors nervous.

  • Dollar trades in mid-102 yen zone ahead of G-7 summit

    TOKYO (Kyodo) -- The U.S. dollar traded in the mid-102 yen zone Monday in Tokyo, with its upside capped as market participants awaited the result of a Group of Seven summit on possible additional economic sanctions against Russia over its annexation ...

  • Market pessimistic about Japan's 2% inflation target

    TOKYO -- As the decline of the yen slows amid the sluggish U.S. economic recovery and other geopolitical risks, currency market observers are increasingly skeptical that Japan can achieve the 2% inflation target set by its central bank. A monthly...

  • Yuan drops over 1% from reference rate

    SHANGHAI -- China's yuan dropped to 6.1965 against the U.S. dollar on the Shanghai foreign exchange market Wednesday morning. The fall marks a first time deviation of more than 1% from the reference rate set by People's Bank of China. China's cen...

  • Dollar moves in upper 101 yen ahead of Putin speech on murky Ukraine

    TOKYO (Kyodo) -- The U.S. dollar fluctuated in the upper 101 yen zone in Tokyo on Tuesday morning, as traders awaited an address by Russian President Vladimir Putin to see whether it would give clarity to the direction of the ongoing crisis in Ukrain...

  • Yuan reform may signal bigger changes

    HONG KONG -- China widened the daily trading band of the yuan, a move that has many investors anticipating even more dramatic reforms.