The Indian rupee strengthened to around 94.9 per dollar, retreating from three-week lows as another decline in crude oil prices supported sentiment.Brent crude extended its losses after falling 1% on Wednesday and slipping another 1%, dropping below USD 71 per barrel following signs of progress in…
China's yuan traded flat in a tight range against the dollar on Thursday, as investors awaited U.S. jobs data that could shape the Federal Reserve's rate outlook.The yuan FX_IDC:USDCNY was last 0.02% higher at 6.7865 to the dollar, after trading in a narrow range of 6.7834 to 6.7925.The offshore yu…
The State Bank of Vietnam warned that inflationary pressures are likely to remain elevated throughout the year and said it has taken steps to ensure liquidity in the banking system and stabilize the dong amid global economic uncertainty, according to Bloomberg.
The Indian rupee opened higher on July 2, aided by a further drop in oil prices, though traders expect the relief to be short-lived amid weakness in Asian peers and higher U.S. yields.The rupee opened with a gain of 32 paise at 94.92 against the US dollar on Thursday, compared to Wednesday's close…
The Bank of Japan has a stronger case to consider an early interest-rate hike as business activity remains robust and the tumbling yen threatens to push inflation above its price target, according to Bloomberg.
The Reserve Bank of India likely stepped into the foreign exchange market on Thursday, four traders told Reuters, aimed at shoring up the rupee that had slipped to a near three-week low in the previous session.The rupee was on track to open around the 95.15 per dollar level on Thursday, but minutes…
The Singapore dollar consolidates against its U.S. counterpart ahead of the U.S. nonfarm payrolls report due out later today. The report poses two-way risks for U.S. dollar, given volatility of the data, Maybank analysts say in a FX research & strategy report. "If it comes out much stronger than ex…
By Wayne ColeThe Australian and New Zealand dollars marked time on Thursday as markets globally braced for a U.S. jobs report that could impact the risk of a rate rise there, putting bonds under pressure.The Aussie idled at $0.6894 FX:AUDUSD, having eased 0.4% overnight and away from resistance at…
Here's a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 03:16 GMT.NOTES: The State Bank of Vietnam sets the mid-point rate on a daily basis and allows dollar/dong transactions to move in a band of…
By Nimesh VoraThe Indian rupee is set to open marginally higher on Thursday, aided by a further drop in oil prices, though traders expect the relief to be short-lived amid weakness in Asian peers and higher U.S. yields.The rupee FX_IDC:USDINR is expected to open in the 95.14-94.18 range, per trade…
Global investors’ interest in South Korea’s economy and capital markets has “clearly changed” for the better in recent years, the country’s top finance ministry official said, as the won prepares to shift to round-the-clock trading on July 6, according to Bloomberg.
The following table shows rates for Asian currencies against the dollar at 0213 GMT.
Global risks are putting pressure on the Vietnamese central bank's policy management, deputy governor Pham Thanh Ha said at a press conference on Thursday.Ha added that the dong currency has been under pressure as the U.S. dollar strengthens, and the central bank was stabilising the foreign exchang…
The Australian dollar remained below $0.690, hovering near a three-month low as investors pared back expectations for further interest rate hikes, while weaker-than-expected trade data weighed on sentiment.The country unexpectedly posted a AUD 3.02 billion trade deficit in May, the largest since De…
China’s central bank, the People’s Bank of China (PBOC), set the yuan’s central parity rate against the U.S. dollar at 6.8088, 21 pips weaker than the previous session’s 6.8067, according to 36Kr. The prior session’s official close was 6.7935, while the offshore yuan last closed at 6.7880.
The Thai baht FX_IDC:USDTHB was little changed against the U.S. dollar on Thursday.At 0205 GMT, the baht was 0.03% higher at 33.33 versus the dollar, after trading in a range of 33.320 to 33.385. It ended the previous session at 33.34 per dollar, as per LSEG data.For a more detailed report on emer…
Risks of near-term FX intervention by Japanese authorities to prop up the yen persist, MUFG Bank's Michael Wan says in a research report. "We would be quite wary in the near-term though of intervention risks," the senior currency analyst says. Japanese authorities have a bias to intervene during pe…
The Japanese yen hovered around 162.5 per dollar on Thursday, remaining at its weakest level in four decades and keeping traders on alert for possible currency intervention ahead of a US public holiday, when thinner market liquidity could magnify the impact of any official action.Finance Minister S…
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The yen consolidates against the dollar and other currencies ahead of the U.S. nonfarm payrolls report due today. This report "poses upside risks to USD/JPY," two members of CBA's Global Economic & Markets Research say in a research report. "Another upside surprise in payrolls will likely encourage…
