Trends - won - Business Recorder

Markets

Yuan inches up, but set for longest weekly losing streak since 2018

He maintained his forecast for the yuan to trade at 6.4 per dollar at end-June but ease to 6.45 at end-2021.

Published 02 Apr, 2021 10:49am

Markets

Dollar heads for third weekly gain as payrolls data looms

Across the Tasman Sea, the New Zealand dollar was quoted at $0.7034.

Published 02 Apr, 2021 10:46am

Markets

Dollar holds near multi-month high on US growth bets

A survey by the Institute for Supply Management (ISM) on Thursday is expected to show a further improvement in the manufacturing activity.

Published 01 Apr, 2021 10:34am

Markets

Dollar breaks 110 yen for first time since March 2020

The dollar is up almost six percent from its recent low seen at the start of January.

Published 30 Mar, 2021 01:16pm

Markets

China yuan firms but poised for 6th week of losses on dollar strength, China-West tensions

The Thomson Reuters/HKEX Global CNH index, which tracks the offshore yuan against a basket of currencies on a daily basis, stood at 96.94, weaker than the previous day's 97.01.

Published 26 Mar, 2021 11:21am

Markets

Canadian dollar edges higher as oil prices rise

The Bank of Canada is seeing evidence of investor activity in some Canadian housing markets and is concerned that "fear of missing out" may also be driving price gains, Deputy Governor Toni Gravelle told Reuters on Tuesday.

Published 25 Mar, 2021 11:23am

Markets

Dollar inches higher after Yellen, Powell signal US economic strength

The safe-haven yen rose 0.14% in afternoon trading in the United States.

Published 25 Mar, 2021 11:22am

Markets

Safe-haven dollar in demand as worries over European lockdowns, US taxes sap risk appetite

The safe-haven yen was broadly stronger, and Australia's dollar - considered a liquid proxy for risk - weakened further on Wednesday.

Published 24 Mar, 2021 11:53am

Markets

Dollar strengthens amid higher US yields on Fed's lower-for-longer mantra

In the cryptocurrency market, bitcoin weakened to around $56,703 in early Asian trading, seesawing after breifly topping $60,000 again overnight.

Published 19 Mar, 2021 09:54am

Markets

Tokyo's Nikkei closes up more than 1.0%

The dollar fetched 108.84 yen in Asian afternoon trade, against 108.82 yen in New York late Wednesday.

Published 18 Mar, 2021 11:58am

Business & Finance

Early trade in New York: Dollar flat to slightly up ahead of Fed guidance

NEW YORK: The US dollar was flat to slightly higher on Wednesday, with 10-year Treasury yields hitting fresh ...

Published 18 Mar, 2021 03:56am

Business & Finance

Dollar rises in Europe

LONDON: The US dollar firmed on Wednesday with 10-year Treasury yields hitting fresh 13-month highs ahead of a...

Published 18 Mar, 2021 03:56am

Markets

South Korea stocks end lower as investors await Fed meeting outcome

In money and debt markets, June futures on three-year treasury bonds fell 0.02 points to 110.65.

Published 17 Mar, 2021 01:19pm

Markets

Dollar at one-week lows after benign inflation data

Policymakers have also expressed concern about strength in the euro, although a recent weakening of the currency has lowered expectations about major policy changes.

Published 11 Mar, 2021 12:09pm

Markets

Dollar claws back some losses as US yields stabilise

The euro was 0.2% lower at $1.18810 after bouncing off a 3 1/2-month low of $1.18355 on Tuesday.

Published 10 Mar, 2021 10:53am

Markets

Yuan swings sharply higher on heavy dollar selling, PBOC remarks

"In general, we believe the yuan will remains strong against the dollar this year, but the size of appreciation won't be as huge as last year," Wang said.

Published 09 Mar, 2021 12:53pm

Markets

Yuan gives back this year's gains as dollar strength prompts revised forecasts

Wang Ju, a senior FX strategist at HSBC, also expected the yuan to weaken from current levels.

Published 08 Mar, 2021 02:25pm

Markets

Dollar bides time, looks to Powell for inspiration

In the cryptocurrency market, bitcoin rose 2.38% to $51,593, while rival digital currency ether added 3.31% to $1,621.

Published 04 Mar, 2021 10:15am

Markets

Canadian dollar gains as calmer bond market bolsters sentiment

Still, the central bank will likely manage tapering carefully to avoid triggering a "significant squeeze" higher in the Canadian dollar, Osborne said.

Published 03 Mar, 2021 10:17am

Markets

South Korea shares jump on Wall St rally, upbeat trade data

The won was quoted at 1,124.0 per dollar on the onshore settlement platform, 0.04% lower than its previous close at 1,123.5.

Published 02 Mar, 2021 12:16pm

Markets

Dollar gains on reflation trade, Aussie recovers

The Aussie was last at $0.7773, after dropping to $0.7693 on Friday.

Published 02 Mar, 2021 09:51am

Markets

Yuan edges up, market cautious ahead of annual meeting of parliament

Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate at 6.4754 per dollar, 41 pips or 0.06% softer than the previous fix of 6.4713, and the weakest since Jan. 28.

Published 01 Mar, 2021 12:49pm

Markets

China's yuan treads water ahead of Lunar New Year holiday

The Thomson Reuters/HKEX Global CNH index, which tracks the offshore yuan against a basket of currencies on a daily basis, stood at 96.8, weakening from the previous day's 96.85.

Published 09 Feb, 2021 11:46am

Markets

Yuan firms on tightening outlook, volume shrinks ahead of holiday

The benchmark one-year dollar/yuan swap points rose to 1,683 points on Monday morning, the loftiest level since Dec. 4, 2020.

Published 08 Feb, 2021 10:35am

Markets

Lira hits 5-month high on manufacturing boost, stocks recover

Data showed Russia's manufacturing activity returned to growth in January.

Published 01 Feb, 2021 02:58pm

Markets

Safe-haven dollar looks to end week strong as market jitters persist

"The overall trend does reflect these supply issues around the US dollar," said Michael McCarthy, chief strategist at CMC Markets in Sydney.

Published 29 Jan, 2021 10:25am

Markets

Overnight offshore yuan HIBOR rises to highest since June 2017

The overnight rate rose to 7.07983%, the highest since June 2, 2017.

Published 29 Jan, 2021 10:21am

Markets

China's yuan edges lower, but tight liquidity limits drop

Traders said the yuan and the dollar index remained range-bound for the time being, but the dollar could strengthen as the implementation of US stimulus boosts activity in the world's largest economy.

Published 29 Jan, 2021 10:19am

Markets

Dollar stands stall as global stock rally fizzles

8 US gross domestic product data is due later on Thursday to gauge the strength of the world's largest economy as it struggles with the coronavirus pandemic.

Published 28 Jan, 2021 10:50am

Markets

China's yuan edges up but COVID spread limits gains

The narrative for further CNY gains remains intact," he said in a note.

Published 25 Jan, 2021 10:41am