Mumbai: The Indian currency’s woes continued on Wednesday as it slumped to a record low after expectations regarding measures to attract dollars were belied. There was no clarity on such proposals after a meeting between regulators. Wednesday’s losses pulled the rupee down to make it the worst performer in Asia. Since January this year, the rupee has weakened 10.28% and has …
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TOKYO: Asia-Pacific leaders are scrambling to reverse a decline in their currencies as an expected tapering of the US Federal Reserve’s stimulus and Chinese economic slowdown send waves of foreign capital flowing outside their borders. Fears of a cash flight have sparked a warning from South Korea’s finance minister about possible “spillover effects” from the Fed’s wind down, ahead of …
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Trading volume in local currency Asian bonds has grown from less than an annual $500 billion in 2008 to more than $1 trillion in 2012, and a new report from Greenwich Associates and HSBC suggests strong growth will continue. When local currency bonds emerged five years ago as a legitimate, albeit small, subset of fixed-income investing in Asia, their appeal …
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The dollar’s rise over Y100 could prove good for global growth if it helps to get the Japanese economy back on its feet. Dow Jones’s Paul Hannon looks at the ins and outs of the results of the Bank of Japan’s massive monetary expansion as G7 finance ministers meet in the U.K.. WSJ Digital Network
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Singapore, Mar 13, 2013 – (ACN Newswire) – Singapore Exchange (SGX) is adding Asian foreign exchange (FX) futures to its derivatives market in the third quarter of 2013, subject to regulatory approval. The proposed FX futures suite will include deliverable and non-deliverable Asian currencies cleared in currencies such as the US dollar, Japanese yen and Singapore dollar. SGX will initially offer …
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Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore’s ability to facilitate the growth of renminbi trading outside China Singapore is aggressively seeking to become a major regional hub for offshore trading of Chinese renminbi as the currency gradually becomes more internationally traded, according to the city-state’s deputy prime minister and …
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(Reuters) – After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing’s currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft. Some lawmakers continue to argue a weak Chinese yuan is robbing jobs from the United States. But action to force a change is unlikely and the …
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SINGAPORE: The Malaysian ringgit led gains in emerging Asian currencies on Thursday, with most regional units set to see monthly rises as risk appetite improved after a relatively smooth sale of Italy’s bonds and on strong U.S. business spending. The ringgit rose as investors rushed to cover short positions, shrugging off news that central bank was set to impose tighter …
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The yen continues to devalue to new lows against the US dollar. The catalyst for this week’s slump were the national economic indicators such as Japanese Final GDP, which came in at a disappointing 0.0%, underscoring the lack of growth in the Japanese economy. This week was heavy with central bank statements and rate announcements but few surprises. All major …
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The yen was under pressure in Asian trading on Tuesday after pro-easing comments from the men nominated to take over as the Bank of Japan’s new leadership. Japan’s currency has been pushed down by expectations that the BoJ will adopt fresh credit easing measures to boost the world’s third-largest economy when its new leaders take up their posts in the …
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