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NEW YORK, United States (AFP) — Rising oil prices and investor appetite for financial stocks helped boost most major United States and European equities on Monday while the dollar rebounded on exchange markets ahead of the July 4 holiday in the US. On a shortened trading day, Wall Street finished mixed, with the blue-chip Dow and the S&P both a hair’s breadth below record closes while faltering tech stocks took the Nasdaq lower. The Dow […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday as the yen picked up against the dollar after US jobs data beat expectations. Wall Street and most European equity markets traded firmly Friday in response to the American economy generating 235,000 new jobs in February, well above forecasts. And even though the robust reading confirmed views of a looming interest rate hike by the Federal Reserve, the dollar slipped after having risen ahead of […]
HONG KONG, China (AFP) — The dollar tumbled against its major peers in Asia on Monday while regional markets sank in holiday-thinned trade as dealers were spooked by tensions caused by Donald Trump’s divisive immigration ban. A disappointing reading on US economic growth added to the downbeat sentiment with Wall Street ending last week on a negative note. The reality TV star-turned-president on Friday signed an executive order banning travelers from seven Muslim-majority countries that […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Thursday as the dollar soared against the yen in response to the US central bank’s move to hike interest rates. The greenback was trading at a 10-month high of 117.63 yen — a plus for shares of Japanese exporters — after the Federal Reserve deemed the US economy strong enough to absorb higher borrowing costs. It was only the second rate rise in a decade. The […]
HONG KONG, China (AFP) — Asian markets headed into the weekend on a positive note Friday, with Tokyo again propelled by the weaker yen but the dollar edged back slightly in the afternoon following its recent surge against global currencies. With traders confident the Federal Reserve will hike interest rates before year-end, the dollar is cruising along, hitting record highs against India’s rupee and the Turkish lira and touching multi-month highs elsewhere. The advance […]
MEXICO CITY, Mexico (AFP) — The Mexican currency broke the 21 peso per dollar psychological barrier again on Thursday in the wake of Donald Trump’s US election victory as fears persist about his protectionist policies. Analysts say the peso is also affected by the prospect of an interest rate hike by the US Federal Reserve in December. The currency of Latin America’s second biggest economy traded hands at 21.05 pesos for every dollar, dropping 0.48 […]
HONG KONG, China (AFP) — The dollar barrelled ever higher Thursday, sitting at an eight-month high against the yen and fuelling another rally in Tokyo stocks but traders in most other markets turned cautious. US investors gave their Asian colleagues another strong lead with the Dow hitting a new record on Wall Street after fresh data showed further improvement in the US economy and reinforced expectations for an interest rate hike next month. Global markets […]
TOKYO, Japan (Reuters) — The dollar fell against the Japanese yen on Wednesday morning (November 9) as early exit polls for the U.S. presidential election revealed Republican candidate Donald Trump moving ahead. General manager and FX analyst at Japan’s Gaitame.com, Takuya Kanda, said that Trump’s protectionist views have led the market to move toward a more risk-averting direction. “If Trump becomes president, Japan will struggle with foreign exchange intervention, and yen-selling intervention; and also, considering his […]
HONG KONG, China (AFP) — The pound slumped to a fresh 31-year low against the dollar Wednesday while Asian equity markets tumbled as the negative effects of the Brexit vote sent traders fleeing to safety. With last week’s global rally — inspired by promises of central bank stimulus after the poll — consigned to history, high-risk assets such as emerging currencies and oil have also been sent tumbling as fears begin to kick in. […]
By Wayne Cole SYDNEY Wed Sep 17, 2014 8:59pm EDT (Reuters) – Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve’s outlook for rising rates underlined the diverging path between the United states and the rest of the rich world. The euro skidded to a 14-month trough while gold hit an eight-month low as the dollar swept higher across the board, a move that […]
(Reuters) – Asian shares edged higher on Friday, catching a lift from another record close on Wall Street, while the dollar groaned under the pressure of slumping U.S. yields. The S&P 500 index .SPX posted its third record closing high in four sessions, as investors shrugged off the first quarterly contraction of the U.S. economy in three years and focused on signs of a strengthening labor market. MSCI’s broadest index of Asia-Pacific shares outside Japan […]
(PNA) –The peso gained P0.10 to a dollar Monday (April 7) after investors noted the lower-than-expected growth of non-farm payrolls in the United States in March 2014. It ended the day at P44.84 from P44.94 last Friday after the market noted the 192,000 increase in non-farm payroll for the third month this year, which the U.S. Bureau of Labor Statistics’ reported Friday last week (Friday night, Manila time). The growth of non-farm payrolls last March […]
