Dollar sheds gain on U.S. concerns, Asia stocks tread water

SINGAPORE - The dollar surrendered short-lived gains on Tuesday as concerns about the U.S. economy and politics returned to the fore ahead of a Federal Reserve meeting, while a lack of catalysts kept Asian stocks subdued.

European stocks look set for a stronger open, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 Germany's DAX and France&

European banks struggle to solve toxic shipping debt problem

By Jonathan Saul

LONDON  - Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry. But it is not an easy time for the lenders either.

Vroon, a 127-year-old family-owned group which operates about 200 vessels and transports livestock, oil and other commodities, wants to ext

Asian FX rise as Yellen's unhurried tightening stance dents dollar

 Asian currencies were higher on Thursday as the dollar took a knock after Federal Reserve Chair Janet Yellen signalled further rate increases in the United States will be gradual at best.

The dollar index, which measures the U.S. currency against six major rivals, was down 0.2 percent to 95.609 at 0506 GMT.

Yellen said on Wednesday the U.S. economy is healthy enough fo

Dollar pressured by Trump Jr. emails, focus on Yellen testimony

By Lisa Twaronite

TOKYO - The dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.

Yellen will give her semi-annual monetary

US dollar falls on soft economic data

The US dollar traded lower against most major currencies as investors digested weaker-than-expected economic data.

In late New York trading on Thursday, the euro rose to $1.1422 from $1.1328, and the British pound increased to $1.2971 from $1.2916 in the previous session, Xinhua news agency reported. 

The Australian dollar edged down to $0.7587 from $0.7588.

T

Rupee surges 11 paise against US dollar

The Indian Rupee was trading higher against the greenback on Thursday amid sustained selling of dollar by banks and exporters. Adding to it, positive cues from equity market also boosted the home currency’s upward movement. At the Interbank Foreign Exchange Market, the local currency was up by 11 paise to trade at 64.72 per dollar against a previous close of 64.83 per dollar at 13:05 hour

Rupee edges lower against greenback

The Indian Rupee was trading flat with negative bias against the greenback on Wednesday amid fresh fund outflows by foreign funds and importers due to strong demand for the American currency. The bearish trend across the Indian equity markets also weighed on home currency movement.

At the Interbank Foreign Exchange Market, the local currency was trading 01 paise lower at 64.78 per dol

US dollar wavers narrowly amid economic data

The US dollar traded mixed against other major currencies as investors digested a batch of economic reports.

In late New York trading on Thursday, the euro fell to $1.1149 from $1.1164 in the previous session, and the British pound climbed to $1.2672 from $1.2669 in the previous session, Xinhua news agency reported. 

The Australian dollar dipped to $0.7542 from $0.7558.

Rupee edges higher against US dollar

The Indian Rupee was trading higher against greenback on Thursday amid selling of dollar by banks and exporters. Adding to it, firmness in equity market also pushed the home currency higher.

The investors also took cues from the RBI policy minutes which revealed that it was for the first time that the decision of the monetary policy committee was not unanimous as Ravindra Dholakia had

Rupee extends gain against greenback

The Indian Rupee continued gaining streak against greenback on Thursday amid sustained selling of dollar by banks and exporters. Adding to it, rising hopes of an interest rate cut by the RBI as India's industrial output growth slipped to 3.1 per cent in April, while retail inflation slumped to record low of 2.18 per cent in May, also pushed the home currency higher.

At the Interba

Rupee gains 09 paise against dollar on rate cut hopes

The Indian Rupee was trading stronger against greenback on Wednesday as industry has restated its demand for an interest rate cut by the RBI as India's industrial output growth slipped to 3.1 per cent in April, while retail inflation slumped to record low of 2.18 per cent in May, strengthening government's case for lowering of interest rate by the central bank. Adding to it, selling of

Rupee trades 06 paise higher against dollar

The Indian Rupee extended rally against greenback on Wednesday amid sustained selling of dollar by banks and exporters, while fresh fund inflows by foreign portfolio investors also boosted home currency’s movement. Further, rally in the domestic equity market also gave a lift to Rupee’s movement.

At the Interbank Foreign Exchange Market, the local currency was up by 06 pai

Rupee edges higher against US dollar

The Indian Rupee continued gaining momentum against greenback on Tuesday amid sustained selling of dollar by banks and exporters, while fresh fund inflows by foreign portfolio investors also boosted home currency’s movement. However, weakness in the domestic equity market restricted Rupee’s upward movement.

At the Interbank Foreign Exchange Market, the local currency was u

Asian currencies inch up amid caution on global risks

Most Asian currencies edged up against the dollar on Tuesday, though the same global developments that hurt the greenback also reduced risk appetites for cautious investors.

Against the yen, the dollar was down 0.6 percent to 109.770 yen, its lowest since April 25.

Investors were worried about the Middle East and terror attacks, and were awaiting the British election, a poli

Dollar up after upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.50 percent on Friday’s trading session against basket of six major on the back of mixed economic data from US. US Non-Farm payrolls data showed that pace of job growth fell unexpectedly. Number of jobs added was 138K in May compared to 171K in preceding month. Traders worried that rising political t

Asian currencies firm in narrow trade; yuan eases after four-day rally ASIA-FOREX-EMERGING

By Ambar Warrick

 Asian currencies held mostly steady in tight range trade against a firmer dollar on Friday, while the Chinese yuan snapped four straight sessions of gains as tight offshore liquidity eased.

Investors refrained from making major trades ahead of non-farm payrolls data from the United States due later on Friday, which could bolster the odds for an interes

Dollar hits 1-week high vs yen on firm U.S. data, non-farm payrolls next

By Shinichi Saoshiro

TOKYO - The dollar hit a one-week high against the yen early on Friday, on the front foot after upbeat U.S. private sector job figures and awaiting the closely-watched non-farm payrolls report for another potential boost.

The U.S. currency was up 0.2 percent at 111.560 yen after rising to 111.580, its highest since May 26. It was on trac

India's Forex reserves surge by over $4 bn

India's foreign exchange (Forex) reserves rose by over $4 billion as on May 19, 2017.

The Reserve Bank of India's (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves increased by $4.03 billion to $379.31 billion from $375.27 billion reported for the week ended May 12.

India's Forex reserves comprise of foreign currency as

Pound suffers biggest one-day fall since January as Conservative lead slides

By Patrick Graham and Vikram Subhedar

LONDON - Sterling suffered its steepest fall since January on Friday after an opinion poll showed the governing Conservatives' lead over the Labour opposition down to just 5 percentage points less than two weeks before a parliamentary election.

The pound sank against the euro and by more than 1 percentage point again

Sterling retreats after Manchester blast, euro steady, stocks advance

By Nichola Saminather

SINGAPORE  - Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak".

Despite the explosion, at a concert by U.S. singer Ariana Grand

Asian currencies firm as soft U.S. manufacturing data dents dollar

By Shashwat Pradhan

Most Asian currencies climbed on Tuesday as the dollar came under pressure after a weak U.S. manufacturing report trimmed expectations of a U.S. rate increase next month, a key factor behind the dollar's gains in recent weeks.

The New York Federal Reserve said on Monday its barometer on business activity in New York state unexpectedly fell in May, sin

Asian currencies brush aside concerns over cyber attack, North Korea threats

By Shashwat Pradhan

Most Asian currencies edged up against the dollar on Monday, shrugging off threats from a ransomware attack that locked up more than 200,000 computers in more than 150 countries, and a missile test by North Korea.

The weekend cyber attack, which slowed down after a security researcher stumbled on a way to at least temporarily limit the worm's spread,

Rupee slips 23 paise to 64.70 on strong dollar demand

The Indian Rupee fell sharply against the greenback on Tuesday amid sustained fund outflows by foreign funds and importers due to strong demand for the American currency.

At the Interbank Foreign Exchange Market, the local currency was trading 23 paise lower at 64.70 per dollar against the previous close of 64.47 at 13:00 hour. During the day’s trade so far, the rupee touched an

China April FX reserves rise, remain above $3 trillion

BEIJING - China's foreign exchange reserves rose in April for a third straight month, beating market expectations, as capital control measures and a pause in the dollar's rally helped staunch capital outflows.

The April rise is reassuring news for policymakers after the yuan steadied as U.S. President Donald Trump backed away from labelling China a curren

China forex chief says no intention of competitive currency devaluation

BEIJING - China has no intention and no need to carry out competitive currency devaluations, the head of the country's foreign exchange regulator said.

In a weekend piece in the Chinese magazine Modern Bankers, Pan Gongsheng said the People's Bank of China's supplying of liquidity to the market was to prevent excessive fluctuations of the exchange rate and