Euro firms in Asian trade

Posted on May 10 , 2012 • 0 Comments

Euro firms in Asian trade The euro held firm against the dollar and yen in Asian trade on Thursday after dropping overnight amid concerns about political upheaval in debt-hit Greece and strains on Spain's banking sector. The euro bought $1.2948 and 103.28 yen in Tokyo morning trade, stronger than $1.2944 and 102.98 yen in New York late Wednesday. The dollar strengthened against the Japanese currency, changing hands at 79.74 yen against 79.69 yen. Despite a breather …

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Dollar steady ahead of meeting

Posted on Apr 26 , 2012 • 1 Comments

Dollar steady ahead of meeting The dollar was steady against other major currencies in Asian trade on Thursday as investors looked to a Bank of Japan policy meeting amid speculation of further monetary easing. The euro bought $1.3217 and 107.49 yen in Tokyo morning trade, almost flat with New York trade late Wednesday. The dollar was also little changed at 81.33 yen. The greenback was likely to move within the 81.00-81.60 yen range on Thursday as the market awaited …

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Euro sags, yen jumps in Asian trade The euro sagged against other major currencies in Asian trade Monday, as risk-averse investors flocked to the safe-haven yen following weaker-than-expected US jobs data. The European single currency was changing hands at $1.3050 and 106.38 yen Monday, slipping from $1.3070 and 107.53 yen in Tokyo trade on Friday. The dollar was at 81.52 yen, down from 82.27 yen. The Japanese currency rose after official data said February's current account, …

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Dollar slips in Asian trade

Posted on Apr 03 , 2012 • 2 Comments

Dollar slips in Asian trade The dollar eased in Asian trade on Tuesday with the euro and safe-haven yen both rising ahead of key economic data due this week, including a US jobs report. The greenback slipped to 81.84 yen in Asian trade, compared with 82.28 yen in New York Monday. The euro gained to $1.3346 from $1.3325 in New York, and edged up to 109.27 yen, compared with 109.22 yen overnight in mixed trade. The yen's lure as a safe haven continued as investors …

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Asians fastest-growing race in US Asians are the fastest growing race group in the United States, reflecting a surge in immigration from the entire region over a decade, the US Census Bureau said Tuesday. As part of an ongoing analysis of the data it reaped from its 2010 census, the federal agency said those who identified themselves as Asian alone, and not mixed race, grew by 43.3 percent from a decade earlier. That was more than four times faster than the rate of growth …

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Yen firms against dollar and euro in Asia The yen edged up against the dollar and the euro in Asian trade Tuesday as investors adjusted their positions. The dollar was trading at 81.42 yen in Tokyo morning trade, down from 81.53 yen in New York late Monday. The euro was changing hands at $1.3223 and at 107.58 yen compared with $1.3218 and 107.76 yen. "Although there are risks of a stronger yen coming from position-adjusting after the performances of stock markets in Europe and the United …

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Euro up in Asia after German business survey The euro firmed against major currencies in Asian trade Friday thanks to an upbeat German business confidence survey and improving investor sentiment about Greece. The common currency was trading at $1.3374 and 107.12 yen in Tokyo trade, compared with $1.3369 and 106.94 late Thursday in New York. The greenback stood at 80.11 yen in Friday trade, compared with 79.98. Noriaki Murao, a senior dealer at Bank of Tokyo-Mitsubishi UFJ in New York, said …

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Oil price down in Asia on profit-taking Oil was down in Asian trade Thursday with traders reaping profits after prices jumped more than one percent overnight, analysts said. New York's main contract, West Texas Intermediate (WTI) light sweet crude for March delivery, fell 15 cents to $101.65 per barrel and Brent North Sea crude for April delivery shed 32 cents to $118.61. Traders capitalised on an overnight surge in prices, said senior commodities strategist for ANZ Research Nick Trevethan. …

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Euro eases against dollar, yen in Asia The euro eased against major currencies in Asian trade Tuesday as investors monitored events in Europe, dealers said. The euro bought $1.3015 and 100.20 yen in early Asian trade, easing from $1.3027 and 100.31 yen in New York late Monday. The dollar was at 77.00 yen, almost flat from 76.99 yen. The euro was well supported against the greenback overnight amid reported progress in Greek debt talks and traders continuing to cover short positions in …

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Oil lower in Asia on profit-taking Oil prices slid in Asian trade Wednesday as traders took profit from recent gains, with weak US energy demand dampening the market's mood despite concerns over tension in Iran and Nigeria, analysts said. New York's main contract, West Texas Intermediate (WTI) crude for delivery in February, was down 54 cents to $101.70 in morning trade. Brent North Sea crude for February delivery shed 39 cents to $112.89. "Oil prices have dropped... as we see …

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