Majority of Asian shares reaped gains on Friday, despite trading volumes remaining thin ahead of the closely-watched U.S. nonfarm payrolls report.» Read More
It was a Sterling day for the British pound, while the euro suffered on news of a possible negative deposit rate.
SYDNEY/ SINGAPORE, Feb 12- The Australian dollar hit a one-month high as upbeat Chinese trade data eased concern about China's economy, while the U.S. dollar held above a two-week low after Federal Reserve chief Janet Yellen offered no surprises in her first congressional testimony.
*Aussie outperforms, China trade data next risk event. SYDNEY, Feb 12- The dollar held off a two-week low against a basket of major currencies early on Wednesday, having rebounded after Federal Reserve Chief Janet Yellen offered no surprises on policy in her inaugural Congressional testimony.
Japanese equities led the gains in Asia on the final trading day of the week on optimism ahead of January's U.S. jobs report.
NEW YORK, Feb 5- The yen rose on Wednesday towards recent two-month highs against the dollar and euro as stock markets struggled on nagging worries about emerging markets and global economic growth, forcing investors to seek safe-haven currencies.
LONDON/ NEW YORK, Feb 5- The yen rose on Wednesday towards recent two-month highs against the dollar and euro as stock markets struggled on nagging worries about emerging markets and global economic growth, forcing investors to seek safe-haven currencies.
Asian equity markets traded mixed on Wednesday. Overnight gains on Wall Street pushed Japan and South Korea shares on a rebound.
Asian equities were mixed on Friday, as fears of a slowdown in China weighed down on the Nikkei.
BANGKOK, Jan 22- Thailand's central bank surprisingly kept its benchmark interest rate unchanged at 2.25 percent on Wednesday, contending that the country's months-long political unrest should only have a short-term impact on growth.
Asian equity markets rose on Monday following record closes on Wall Street last week but trading volumes were thin with Japan closed for a holiday.
SYDNEY, Dec 23- Australia's systemically important "Big Four" banks will be required to set aside an extra 1 percent of equity capital to protect against the kind of turmoil seen during the global financial crisis under new regulations announced on Monday.
NEW DELHI/ MUMBAI, Dec 19- India is better prepared than it was months ago to deal with the Federal Reserve's reduction of its monetary stimulus, Finance Minister P. Chidambaram said on Thursday, as the rupee fell only slightly in the wake of the once much-feared decision.
Asia stocks were mostly higher on Thursday after the Fed unveiled a cut in stimulus and vowed to keep rates low but China underperformed on liquidity fears.
*Yen pressured as Japan posts 17th straight trade deficit. NEW YORK, Dec 18- The dollar rose against the yen on Wednesday after the Federal Reserved surprised markets by trimming its bond buying program and said it expects to keep reducing it if the economy continues to improve.
WELLINGTON, Dec 18- New Zealand looks set to end the year with a roar as strong commodity prices, recovery from drought, and bubbling domestic activity drive the economy at its best pace in a year, backing expectations of central bank rate rises in the next few months.
Dollar bulls are betting the Fed will start tapering as early as this week, CNBC’s latest poll of currency traders, analysts and strategists showed.
James Shugg, Senior Economist at Westpac, describes why tapering might not happen at all.
Westpac Bank says that U.S. jobs and inflation data don't justify tapering any time soon. CNBC's Sri Jegarajah explains
The U.S. economic recovery hasn't reached the self-sustaining momentum deemed necessary to warrant a tapering of the Fed's stimulus program in 2014.
Asian markets declined in tepid trade on Tuesday as investors digested a raft of Chinese economic reports and ignored a record close on Wall Street.