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Sitharaman meets JBIC governor, seeks greater investments for India Finance Minister Nirmala Sitharaman on Wednesday met governor of Japan Bank for International Cooperation (JBIC) Hayashi Nobumitsu, where she discussed ways with the institution to bring in more investments in India. "FM Nirmala Sitharaman met Hayashi Nobumitsu, Governor, Japan Bank for International Cooperation (JBIC), in New Delhi, today, to exchange views on JBIC's recent activities in India contributing towards Japan’s investment target of five trillion yen over next fiv...
Sitharaman meets JBIC governor, seeks greater investments for India
Sitharaman meets JBIC governor, seeks greater investments for India
Source: IANS
17/08/2023 9:18:03 AM
Asia shares on guard for US, China inflation risks Asian share markets were in a cautious mood on Monday after a mixed U.S. jobs report sparked a rally in beaten-down bonds, but new hurdles lay ahead in the shape of U.S. and Chinese inflation figures due later this week. MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> was a fraction firmer in thin trade, after losing 2.3% last week. Japan's Nikkei slipped 0.2%, but found support at its July low. A summary of the last Bank of Japan meeting showed ...
Asia shares on guard for US, China inflation risks
Asia shares on guard for US, China inflation risks
Source: Reuters
7/08/2023 8:49:51 AM
Asian shares hesitant after Wall Street sell-off, dollar buoyant Asian shares were subdued on Thursday after Fitch downgraded U.S. sovereign debt sparking profit-taking, with investors now shifting focus to Bank of England's rate decision and earnings from Apple and Amazon. Both S&P 500 futures and Nasdaq futures added 0.2%, following a heavy wave of selling on Wall Street overnight. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, having also suffered a colossal drop of 2.3% just a day earlier. That compa...
Asian shares hesitant after Wall Street sell-off, dollar buoyant
Asian shares hesitant after Wall Street sell-off, dollar buoyant
Source: Reuters
3/08/2023 8:49:51 AM
Dollar shaky after US credit rating downgrade The dollar struggled to make headway on Wednesday after a cut on the U.S. government's top credit rating by Fitch raised questions about the country's fiscal outlook, though it drew some support from a relatively resilient run of economic data. Rating agency Fitch on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of the debt ceiling crisis. That ...
Dollar shaky after US credit rating downgrade
Dollar shaky after US credit rating downgrade
Source: Reuters
2/08/2023 9:03:39 AM
Yen eases to 3-week low as traders weigh BOJ shift; focus on RBA The yen slipped to a fresh three-week low on Tuesday as traders pondered the Bank of Japan's steps last week to tweak its yield curve control policy, while the Australian dollar was soft ahead of the Reserve Bank of Australia's policy decision. The yen has been on a wild ride since Friday, when the BOJ took another step toward a slow shift away from decades of massive monetary stimulus, saying it would offer to buy 10-year Japanese government bonds at 1.0% in fixed-rate operations,...
Yen eases to 3-week low as traders weigh BOJ shift; focus on RBA
Yen eases to 3-week low as traders weigh BOJ shift; focus on RBA
Source: Reuters
1/08/2023 9:01:48 AM
Yen eyes first monthly gain since March; dollar headed for monthly loss The yen fell on Monday, extending losses from a volatile session at the end of last week after the Bank of Japan (BOJ) loosened its grip on interest rates, but was still on track to reverse three consecutive months of declines. Elsewhere in Asia, China's manufacturing activity fell for a fourth straight month in July, albeit at a slower pace, an official factory survey showed on Monday. The yen was about 0.3% lower at 141.57 per dollar, but was headed to end July with a roughly 2% g...
Yen eyes first monthly gain since March; dollar headed for monthly loss
Yen eyes first monthly gain since March; dollar headed for monthly loss
Source: Reuters
31/07/2023 9:05:36 AM
Asia shares up as China extends rally; Japanese yields a risk Asian shares looked to end the month on a firm note on Monday in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising Japanese bond yields posed a risk. China surveys were mixed with factory activity just pipping forecasts but services disappointing, though both merely reinforced expectations that Beijing would have to launch larger stimulus at some point. Chinese blue chips seemed unperturbed and added 1...
Asia shares up as China extends rally; Japanese yields a risk
Asia shares up as China extends rally; Japanese yields a risk
Source: Reuters
31/07/2023 9:00:26 AM
Yen advances on Bank of Japan policy tweak speculation, dollar steady The yen strengthened on Friday as speculation mounts that the Bank of Japan could tweak its yield curve control policy later in the day, while the dollar held on to its overnight gains after better-than-expected U.S. economic data. The BOJ is widely expected to keep ultra-low interest rates later on Friday but investors are eyeing the possibility it makes minor tweaks to extend the lifespan of its yield control policy. The Nikkei newspaper reported the central bank will maintain its 0.5...
Yen advances on Bank of Japan policy tweak speculation, dollar steady
Yen advances on Bank of Japan policy tweak speculation, dollar steady
Source: Reuters
28/07/2023 9:07:28 AM
Stocks slip, yen surges on speculation of Bank of Japan policy tweak Asian stocks were off five-month highs and the yen extended a sharp rally on Friday with speculation that the Bank of Japan could take another small step toward dismantling its super-easy stimulus policies. The BOJ sets policy later in the session. The Nikkei newspaper reported, without citing sources, that policymakers will discuss tweaking the yield control policy to allow 10-year government bond yields above a 0.5% cap in some circumstances. The yield leapt to 0.505% in early trade. ...
Stocks slip, yen surges on speculation of Bank of Japan policy tweak
Stocks slip, yen surges on speculation of Bank of Japan policy tweak
Source: Reuters
28/07/2023 8:47:16 AM
G-3 Monetary Policy by Emkay Global Financial Services Ltd Three major G3 central banks (CBs) will likely signal three directions this week. Although broad global cues are similar – of waning growth and inflation momentum – varying domestic backdrops and imperatives will push the Fed, ECB and BoJ to sound different from one another. FX markets, in particular, are already taking cues from these diverging paths of CBs. Although we respect the price action, the remainder of the global picture falls short of conditions historically associated...
G-3 Monetary Policy by Emkay Global Financial Services Ltd
G-3 Monetary Policy by Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
26/07/2023 9:12:27 AM
India rupee, bond yields to take cues from Fed decision, guidance The Indian rupee will take cues from policy outcomes from major central banks as well as important U.S. data releases this week, while government bond yields will closely track the move in U.S. Treasuries based on the Federal Reserve's guidance on rates. The rupee ended at 81.9450 against the dollar on Friday, rising about 0.1% for the week. Traders expect the currency to move in the range of 81.80 - 82.40 this week. The Fed's policy decision is due on Wednesday, followed by the...
India rupee, bond yields to take cues from Fed decision, guidance
India rupee, bond yields to take cues from Fed decision, guidance
Source: Reuters
24/07/2023 8:57:28 AM
Gold bound for third straight weekly gain on Fed pause views Gold prices were set on Friday for a third consecutive weekly gain, underpinned by hopes that the U.S. Federal Reserve will pause interest rate hikes after its July meeting. Spot gold was little changed at $1,970.20 per ounce by 0409 GMT, but has gained 0.8% so far this week. On Thursday, the metal slipped from a two-month high as the dollar and bond yields climbed on stronger-than-expected U.S. labour market data. [USD/][US/] U.S. gold futures gained 0.1% to $1,972.30. Gold prices h...
Gold bound for third straight weekly gain on Fed pause views
Gold bound for third straight weekly gain on Fed pause views
Source: Reuters
21/07/2023 9:49:45 AM
Asian shares fall after US tech falters, dollar and yields hold gains Asian shares fell on Friday after Tesla and Netflix weighed on U.S. tech shares after their earnings reports, while the dollar and Treasury yields held their gains ahead of an action-packed week that could see the end of the U.S. tightening cycle. As well as the U.S. Federal Reserve meeting next week, the Bank of Japan will meet amid speculation of imminent policy tweaks. Early on Friday, Japan's inflation stayed above the central bank's target of 2% for the 15th straight month in ...
Asian shares fall after US tech falters, dollar and yields hold gains
Asian shares fall after US tech falters, dollar and yields hold gains
Source: Reuters
21/07/2023 8:36:25 AM
Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves The dollar held just above an over one-year low on Wednesday as traders assessed the U.S. rate outlook, while the New Zealand dollar spiked briefly after a higher-than-expected inflation reading pushed back prospects of policy easing further out. The U.S. dollar managed to nudge up after a mixed retail sales report overnight, with sales growth missing forecasts in June but consumers boosted or maintained spending elsewhere, pointing to consumer resilience that is likely to keep the economy...
Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves
Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves
Source: Reuters
19/07/2023 8:58:25 AM
Asia shares slip further as China casts a pall, dollar's slide abates  Asian stocks fell on Tuesday as weak Chinese economic data released the previous day continued to weigh on sentiment, while investors were waiting to see if U.S. retail sales data would shine a light on the path for U.S. interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.63% in the morning session. Investors are waiting for stronger signs of inflation cooling, with the readings on U.S. retail sales and U.S. industrial production to be released...
Asia shares slip further as China casts a pall, dollar's slide abates
Asia shares slip further as China casts a pall, dollar's slide abates
Source: Reuters
18/07/2023 9:11:06 AM
Dollar teeters near one-year low; euro scales 17-month peak  The dollar wobbled near an over one-year low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge if the greenback has further downside in the wake of last week's cooler-than-expected U.S. inflation report. The U.S. dollar index, which measures the greenback against a basket of six currencies, dipped slightly to 99.84 in early Asia trade, after having tumbled to its lowest since April 2022 on Friday. The index also clocked its worst week of 2023 la...
Dollar teeters near one-year low; euro scales 17-month peak
Dollar teeters near one-year low; euro scales 17-month peak
Source: Reuters
18/07/2023 8:49:36 AM
Dollar licks wounds as policy peak looms A bruised dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any further. The euro, which jumped 2.4% last week to a 16-month high, held just below that peak at $1.1223. The yen, also up 2.4% last week, held at 138.56 per dollar. Chinese growth data landed a little above low expectations on Monday, but without sparking much currency market response as traders had already priced i...
Dollar licks wounds as policy peak looms
Dollar licks wounds as policy peak looms
Source: Reuters
17/07/2023 9:05:40 AM
Nikkei leads Asia higher, China struggles to keep up Asian shares edged higher on Monday as demand for tech stocks buoyed Japan's market, while a data-packed week promises to be pivotal in the outlook for the Chinese economy and U.S. interest rates. China's recovery has so far disappointed high expectations and the Caixin manufacturing survey due later on Monday is forecast to dip to 50.2 in June, from 50.9, and may even slip into contraction. The central bank has promised more "forceful" action to support the economy an...
Nikkei leads Asia higher, China struggles to keep up
Nikkei leads Asia higher, China struggles to keep up
Source: Reuters
3/07/2023 8:38:27 AM
Asian shares subdued, yen and yuan hover near 8-mth troughs Asian shares were sudued on Thursday after global central banks reaffirmed their inflation-fighting resolve, warning rates may need to rise further, while the yen and the Chinese yuan struggled to lift from lows amid fears of official intervention. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while markets in Singapore, India and Malaysia are closed for holidays. Chinese blue chips slid 0.3% and Hong Kong's Hang Seng index fell 0.7%. Japan's Nikkei, h...
Asian shares subdued, yen and yuan hover near 8-mth troughs
Asian shares subdued, yen and yuan hover near 8-mth troughs
Source: Reuters
29/06/2023 8:51:40 AM
Dollar flat; Aussie slides as inflation slows The U.S. dollar was barely changed on Wednesday, with resilient economic data easing investor worries over a recession and lifting risk sentiment, though that also indicated that the Federal Reserve may have to continue raising rates. The Australian dollar fell sharply as consumer inflation eased in May. Data showed that U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years, while business spending appeared to hold up in May, indicating the economy remain...
Dollar flat; Aussie slides as inflation slows
Dollar flat; Aussie slides as inflation slows
Source: Reuters
28/06/2023 9:06:10 AM
Global markets slide on recession fears Stock markets in Europe and Asia fell Friday as investors became increasingly worried that more interest rate hikes by central banks would tip major economies into a prolonged recession, a media report said. Hong Kong's Hang Seng Index led the losses, closing 1.7 per cent down. Japan's Nikkei 225 ended the day 1.5 per cent lower and Australia's S&P/ASX 200 shed 1.3 per cent, CNN reported. Stock exchanges in mainland China were closed for a public holiday. US stock fut...
Global markets slide on recession fears
Global markets slide on recession fears
Source: IANS
24/06/2023 9:46:39 AM
Dollar rises as hawkish central banks dent risk sentiment, sterling slips The dollar drew support from a bout of risk aversion on Friday as hawkish comments from global central banks, including the Federal Reserve, stoked fears that their aggressive monetary tightening could push economies into a deeper downturn. Sterling struggled to hold gains from a larger-than-expected 50-basis-point rate rise from the Bank of England (BoE) on Thursday in response to sticky inflation, with traders similarly worried about a UK recession. While higher rates are typically su...
Dollar rises as hawkish central banks dent risk sentiment, sterling slips
Dollar rises as hawkish central banks dent risk sentiment, sterling slips
Source: Reuters
23/06/2023 9:41:34 AM
Dollar buoyant; yuan wobbles after China cuts lending benchmarks  The U.S. dollar rose broadly on Tuesday and notched a seven-month high against the yen, while the yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months. China on Tuesday lowered its one-year and five-year loan prime rates (LPR) by 10 basis points, as widely expected, as authorities seek to shore up a slowing recovery in the world's second-largest economy. The offshore yuan dipped slightly following the decision and was down more than...
Dollar buoyant; yuan wobbles after China cuts lending benchmarks
Dollar buoyant; yuan wobbles after China cuts lending benchmarks
Source: Reuters
20/06/2023 8:46:57 AM
World stocks gauge pauses after big run, heavy central bank week A gauge of global stock markets took a breather on Friday after a run to 14-month highs, while the U.S. dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings around the world. The MSCI All-World index edged down 0.06% but remained near its highest level since mid-April 2022. Wall Street's main equity indexes ended lower but tallied solid weekly gains. Ending an intense week of central bank actions, the Bank of Japan maintained its u...
World stocks gauge pauses after big run, heavy central bank week
World stocks gauge pauses after big run, heavy central bank week
Source: Reuters
19/06/2023 8:38:49 AM
Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday, tracking firm domestic equities and losses in crude oil prices. Moreover, foreign fund inflows into the capital markets also supported rupee sentiments. Foreign Institutional Investors (FIIs) were net buyers in the capital markets, on Thursday, as they purchased shares worth Rs 3,085.51 crore, exchange data showed. On the global front, the Japanese yen edged lower as the Bank of Japan left interest rates unchanged at record lows and s...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
16/06/2023 12:02:05 PM
Gold listless as markets assess recent US data and Fed cues Gold prices moved in a tight range on Friday as traders weighed recent U.S. economic data and hawkish signals from the Federal Reserve, while a relatively softer dollar provided some support to bullion. Spot gold was flat at $1,957.84 per ounce by 0238 GMT. U.S. gold futures too were listless at $1,970.30. Bullion tumbled to a three-month low on Thursday before reversing course to finish higher after U.S. economic data offered some respite from the Fed's "hawkish pause" on...
Gold listless as markets assess recent US data and Fed cues
Gold listless as markets assess recent US data and Fed cues
Source: Reuters
16/06/2023 9:11:29 AM
Asian shares near four-month peak as BOJ takes the stage Asian shares rose to a near four-month high on Friday as resilient U.S. economic data stoked expectations that the Federal Reserve is near the end of its rate-hike campaign, with investor focus switching to the Bank of Japan's policy meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.31% higher and on course for 2.5% gain in the week, its best weekly performance since January. The index rose as high as 534.16, its highest since mid-February. Japan's Ni...
Asian shares near four-month peak as BOJ takes the stage
Asian shares near four-month peak as BOJ takes the stage
Source: Reuters
16/06/2023 8:45:35 AM
Dollar rallies in Asia after Fed signals rate hikes; yen, kiwi slide The U.S. dollar rallied in Asian trading on Thursday after the Federal Reserve signalled rate hikes later in the year, while China's and New Zealand's currencies fell on signs of weakness in those economies. The market's attention is now turning to other central bank decisions late this week, with the yen sliding to its weakest this year as the Bank of Japan begins its two-day policy meeting. The dollar index rose 0.26% to 103.3, recovering from a four-week low of 102.66 on ...
Dollar rallies in Asia after Fed signals rate hikes; yen, kiwi slide
Dollar rallies in Asia after Fed signals rate hikes; yen, kiwi slide
Source: Reuters
15/06/2023 8:47:40 AM
Stocks stall as US rates seen higher for longer  Asian stocks braked around two-month highs on Thursday, while the dollar nursed modest losses, after the U.S. Federal Reserve chose not to hike interest rates for the first time in 17 months, even if it opened the door to more hikes ahead. The Fed left its benchmark funds rate window at 5-5.25%, and chair Jerome Powell said the U.S. central bank needed to gather more information about the economy to determine what to do next. Committee members surprised markets by projecting two m...
Stocks stall as US rates seen higher for longer
Stocks stall as US rates seen higher for longer
Source: Reuters
15/06/2023 8:41:27 AM
Asian shares up, dollar wobbly as US inflation data reinforces Fed pause bets Asian shares rose and the dollar was under pressure on Wednesday after slowing U.S. inflation solidified bets that the Federal Reserve would skip a hike later in the day, but uncertainty remained about further rate increases beyond this week. The much-watched U.S. CPI report overnight showed prices barely rose in May, with just a 0.1% increase from the prior month. On an annual basis, consumer prices rose 4%, the smallest in more than two years, slowing from April's 4.9%. That led t...
Asian shares up, dollar wobbly as US inflation data reinforces Fed pause bets
Asian shares up, dollar wobbly as US inflation data reinforces Fed pause bets
Source: Reuters
14/06/2023 8:50:22 AM
Gold holds steady as US inflation data, Fed verdict loom Gold was steady on Tuesday, although prices moved in a tight range as traders awaited U.S. inflation data due later in the day and the Federal Reserve's policy decision amid expectations of a pause in the central bank's rate hike trajectory. Spot gold held its ground at $1,956.30 per ounce by 0215 GMT. U.S. gold futures held steady at $1,970.80. "The market is waiting for the U.S. CPI and FOMC meeting to provide a clearer direction on gold price. (However) there is a lack o...
Gold holds steady as US inflation data, Fed verdict loom
Gold holds steady as US inflation data, Fed verdict loom
Source: Reuters
13/06/2023 9:09:44 AM
Dollar steady, with Fed pause eyed in busy central bank week The dollar held its ground on Monday but was still near multi-week lows against some of its major peers as traders were on guard ahead of central bank meetings this week, including the Federal Reserve's where it will announce its rates decision. The U.S. currency was pinned near a one-month low against the British pound and the Aussie in early Asia trade at $1.25805 and $0.6745, respectively, though moves were subdued with most of Australia closed for a holiday. Policy meetings of t...
Dollar steady, with Fed pause eyed in busy central bank week
Dollar steady, with Fed pause eyed in busy central bank week
Source: Reuters
12/06/2023 8:51:35 AM
Dollar retreats on jump in US jobless claims; eyes on Fed  The dollar retreated on Friday, dragged by lower U.S. Treasury yields after a spike in weekly jobless claims raised traders' hopes that a peak in U.S. interest rates was near, as focus turned to the upcoming week packed with central bank meetings. The number of Americans filing new claims for unemployment benefits surged to the highest in more than 1-1/2 years last week, data on Thursday showed, though layoffs are probably not accelerating as the data covered the Memorial Day hol...
Dollar retreats on jump in US jobless claims; eyes on Fed
Dollar retreats on jump in US jobless claims; eyes on Fed
Source: Reuters
9/06/2023 8:43:48 AM
Japan net external assets hit record in 2022 on yen's sharp decline Japan's external assets increased to a record high in 2022, with the balance inflated by the yen's steep depreciation, the Finance Ministry said in a report on Friday. According to the Ministry, the country's net balance of external assets stood at a record 418.63 trillion yen ($2 trillion) in 2022, rising 0.2 per cent from a year earlier, reports Xinhua news agency. The government's external assets, along with those held by firms and individuals, also marked a record hi...
Japan net external assets hit record in 2022 on yen's sharp decline
Japan net external assets hit record in 2022 on yen's sharp decline
Source: IANS
27/05/2023 11:18:57 AM
Dollar buoyed by hawkish Fed expectations as debt deal eyed The dollar firmed near a six-month peak against the yen on Friday on the back of rising U.S. Treasury yields, as optimism over debt ceiling talks in Washington raised expectations of higher-for-longer interest rates. President Joe Biden and top U.S. congressional Republican Kevin McCarthy earlier this week underscored their determination to strike a deal soon to raise the government's $31.4 trillion debt ceiling, with hopes of finalising a deal after Biden returns from the Group of Sev...
Dollar buoyed by hawkish Fed expectations as debt deal eyed
Dollar buoyed by hawkish Fed expectations as debt deal eyed
Source: Reuters
19/05/2023 8:52:45 AM
Dollar softer as US debt ceiling crisis unresolved, inflation data eyed The dollar weakened broadly on Wednesday after U.S. President Joe Biden and top lawmakers failed to break a deadlock on the debt ceiling crisis, though currency moves were marginal amid caution ahead of U.S. inflation data later in the day. Biden and House of Representatives Speaker Kevin McCarthy remained divided over raising the $31.4 trillion U.S. debt limit following talks on Tuesday, with just weeks to go before the United States may be forced into an unprecedented default. The two...
Dollar softer as US debt ceiling crisis unresolved, inflation data eyed
Dollar softer as US debt ceiling crisis unresolved, inflation data eyed
Source: Reuters
10/05/2023 8:53:35 AM
Dollar in defensive mood after jobs data; Fed in focus  The dollar was subdued on Wednesday, weighed by bearish U.S. labour market data as investors fretted over the U.S. debt ceiling and banking sector risks, while waiting for the Federal Reserve's policy decision later in the day.   U.S. job openings fell for a third straight month in March and layoffs increased to the highest in more than two years, data showed on Tuesday, offering some hope that softening in the labour market could aid the Fed's fight against inflati...
Dollar in defensive mood after jobs data; Fed in focus
Dollar in defensive mood after jobs data; Fed in focus
Source: Reuters
3/05/2023 8:55:47 AM
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB The yen continued its steep descent on Tuesday, reaching a 15-year low to the euro, as the implications of a steadfastly dovish Bank of Japan kept foreign exchange markets busy engaging in so called 'carry-trades'. The Aussie dollar kept near the middle of its recent trading range with the greenback ahead of the Reserve Bank of Australia's (RBA) policy decision at 0430 GMT, with money markets positioned for a second meeting with no change. However, there remains a risk of anoth...
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Source: Reuters
2/05/2023 9:10:08 AM
Currencies in limbo awaiting packed week of central banks SYDNEY - Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer the latest guidance on future rate hikes across continents. Activity in the foreign exchange markets was subdued due to the Labour Day holidays in Singapore, Hong Kong and mainland China. Japan, Australia, and New Zealand are the only centres open in Asia. The Japanese yen slid 0.2% to 136.67 per dollar on Mo...
Currencies in limbo awaiting packed week of central banks
Currencies in limbo awaiting packed week of central banks
Source: Reuters
1/05/2023 8:59:56 AM
Dollar headed for monthly loss; yen steady ahead of BOJ decision The U.S. dollar was on track for a second straight monthly loss on Friday on mounting expectations the Federal Reserve could soon end its aggressive rate-hike cycle, while the yen steadied near a one-week high ahead of a pivotal central bank decision. The Bank of Japan's (BOJ) monetary policy decision on Friday takes centre stage in Asia, where expectations are for new BOJ Governor Kazuo Ueda to keep monetary settings ultra-loose at his debut policy meeting. Focus will also be on Ue...
Dollar headed for monthly loss; yen steady ahead of BOJ decision
Dollar headed for monthly loss; yen steady ahead of BOJ decision
Source: Reuters
28/04/2023 8:53:47 AM
Asian stocks surge ahead of BOJ policy decision  Asian stocks rallied on Friday as strong corporate earnings helped lift sentiment even as worries over economic weakness lingered, while investors were also waiting on a policy decision from the Bank of Japan. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.94% higher but remained on course to end the month 1.4% lower. Japan's Nikkei rose 0.51% while Australia's S&P/ASX 200 index gained 0.33%. U.S. stocks closed sharply higher on Thursday thanks to...
Asian stocks surge ahead of BOJ policy decision
Asian stocks surge ahead of BOJ policy decision
Source: Reuters
28/04/2023 8:45:39 AM
Euro near one-year peak as US economic risks weigh on dollar The euro hovered near a one-year high versus the dollar on Thursday, as Europe's resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session. The yen was in a holding pattern as the Bank of Japan began a two-day policy meeting...
Euro near one-year peak as US economic risks weigh on dollar
Euro near one-year peak as US economic risks weigh on dollar
Source: Reuters
27/04/2023 8:50:25 AM
Euro to the fore as hawkish hike looms The dollar was on the back foot and the euro climbed on Tuesday, as regional bank jitters had traders expecting U.S. interest rate cuts before long, while in Europe a 50 basis point hike remains a live option at next week's central bank meeting. The euro rose above $1.10 overnight and was still going at $1.1062 early in the Asia session. Trade was thinned by holidays in Australia and New Zealand and ahead of central bank meetings in Japan on Friday and the U.S. and Europe next week. ...
Euro to the fore as hawkish hike looms
Euro to the fore as hawkish hike looms
Source: Reuters
25/04/2023 8:46:57 AM
Asia stocks off to slow start in earnings-rich week Asian shares started cautiously on Monday in a week packed with economic data and central bank meetings, along with earnings from the tech giants that have kept the S&P 500 afloat so far this year. Early action was sluggish in the wake of Friday's surprisingly strong surveys of business activity which reinforced the case for higher interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4%, while Japan's Nikkei nudged up 0.3%. Chinese blue chip...
Asia stocks off to slow start in earnings-rich week
Asia stocks off to slow start in earnings-rich week
Source: Reuters
24/04/2023 8:37:21 AM
Dollar snaps five-week losing streak as bets on US rate hike in May firm The dollar was eyeing its first weekly gain in more than a month on Friday as bets for another rate hike by the U.S. Federal Reserve in May firm, though its gains were capped by soft economic data pointing to a slowing economy. In Asia, Japan's consumer inflation held steady above the central bank's target in March, with a key index hitting a four-decade high, putting pressure on the Bank of Japan (BOJ) to shift away from its ultra-loose monetary policy stance. The dollar slippe...
Dollar snaps five-week losing streak as bets on US rate hike in May firm
Dollar snaps five-week losing streak as bets on US rate hike in May firm
Source: Reuters
21/04/2023 8:43:44 AM
Japan government formally appoints new central bank chief The Japanese government on Friday formally appointed economist Kazuo Ueda as the new Bank of Japan (BOJ) Governor, marking the first change to the central bank's leadership in 10 years. The 71-year-old, a former BOJ policy board member who was endorsed by Parliament on March 10, will succeed Haruhiko Kuroda whose 10-year tenure will end on April 8, reports Xinhua news agency. Ueda, who will take the helm at the central bank for five years, will be charged with guiding its policy to ...
Japan government formally appoints new central bank chief
Japan government formally appoints new central bank chief
Source: IANS
7/04/2023 3:43:02 PM
AMNS Luxembourg inks $5 billion loan deal with Japanese banks to fund India JV ArcelorMittal SA on Friday said AMNS Luxembourg Holding S.A., the parent company of ArcelorMittal Nippon Steel India (AM/NS India), has entered into a $5 billion loan deal with a consortium of Japanese lenders. The proceeds would be used to fund the expansion of AM/NS India's annual capacity at its Hazira plant in India to 15 million tonnes from 9 million tonnes, the European steelmaker said in a statement. The expansion would include the development of downstream rolling and finish...
AMNS Luxembourg inks $5 billion loan deal with Japanese banks to fund India JV
AMNS Luxembourg inks $5 billion loan deal with Japanese banks to fund India JV
Source: Reuters
4/04/2023 3:10:35 PM
Japan`s central bank buys record Government bonds in fiscal 2022 The Bank of Japan (BOJ) on Tuesday said it bought a record 135,989 billion yen ($1.02 trillion) in government bonds in fiscal 2022, almost double the amount a year earlier. To counter increased bond sales in the market caused by its yield control policy, the BOJ actively bought 10-year and other government bonds in the year through March, the largest amount on record, topping the previous high of 115,800.1 billion yen marked in fiscal 2016, Xinhua news agency reported. The purchase amou...
Japan`s central bank buys record Government bonds in fiscal 2022
Japan`s central bank buys record Government bonds in fiscal 2022
Source: IANS
4/04/2023 2:40:19 PM