TOKYO (Reuters) – The euro hovered within reach of this year’s low against the dollar on Thursday after Greece’s borrowing costs hit a new high and its banks asked for support, while the yen was firm following a drop in U.S. Treasury yields.
The Australian dollar held just below $0.9300 resistance ahead of employment data likely to feed expectations of when the Reserve Bank will tighten policy again after a hike this week. A rise of 20,000 jobs is forecast for March.
TOKYO (Reuters) – The Australian dollar gained after the Reserve Bank of Australia (RBA) raised its cash rate on Tuesday although with many in the market already holding the currency, the hike wasn’t enough to propel it up substantially.
The euro tumbled as bearish sentiment reignited, aided by reports on Greece’s fiscal problems, while sterling eased ahead of an expected election announcement in Britain and the yen seized back lost ground as short yen positions looked stretched.
TOKYO, April 6 (Reuters) – The euro resumed its downtrend on
Tuesday as reports on Greece’s fiscal problems fuelled bearish
sentiment, while the yen seized back lost ground and the
Australian dollar awaited an interest rate decision.
The Reserve Bank of Australia (RBA) announces its April
policy decision at 0430 GMT and markets <CSRBA=CSAU> are pricing
in a 70 percent chance of a 25 basis point rate rise to 4.25
percent, the fifth hike since October.
TOKYO (Reuters) – The euro edged up from a 10-month low after euro zone leaders agreed on a safety net for Greece which included the IMF, and the dollar backed off a two-month peak on the yen as Japanese exporters sold into its gains.
Euro zone leaders agreed on a joint European-IMF financial safety net for debt-stricken Greece after weeks of wrangling. Under the agreement, Greece would receive coordinated bilateral loans from its euro zone partners and IMF assistance if it faced severe difficulties.
TOKYO, March 23 (Reuters) – The euro held its ground on
Tuesday after rebounding from a three-week low against the
dollar, helped by an improvement in risk appetite following gains
in U.S. stocks but still stymied by squabbling over Greece.
One trader said there was euro buying on dips against the
dollar and yen after bears failed to push it through key support
at $1.3440/30 on Monday, lows in late February and early March.
TOKYO (Reuters) – The euro held its ground on Tuesday after rebounding from a three-week low against the dollar, helped by an improvement in risk appetite following gains in U.S. stocks but still stymied by squabbling over Greece.
One trader said there was euro buying on dips against the dollar and yen after bears failed to push it through key support at $1.3440/30 on Monday, lows in late February and early March.
TOKYO (Reuters) – The euro hovered at its weakest levels in three weeks on Monday and the dollar remained firm as Europe remained divided over aid to debt-burdened Greece ahead of a summit later this week.
The dollar index held near Friday’s two-week high as uncertainty over Greece and a surprise rate hike by India kept investors cautious about riskier assets, but it lacked momentum to push higher.
TOKYO (Reuters) – The yen slipped on Wednesday, reversing direction after players disappointed by only a modest easing step by the Bank of Japan tried to drive it higher and ran into a wall of selling.
After pressure from the government for action to beat deflation, the BOJ decided in a 5-2 vote to double the size of a fixed rate fund supply tool adopted in December to 20 trillion yen ($222 billion) but kept the loan duration at three months, instead of six months as some expected.
TOKYO, March 17 (Reuters) – The yen sat tight as investors
awaited the chance of more easing steps from the Bank of Japan on
Wednesday, while the dollar held near a one-month low on a basket
of currencies after the Federal Reserve vowed to keep rates low.
The BOJ is leaning towards taking further measures, such as
extending a fixed rate liquidity operation introduced in
December, as a way to loosen policy more while the government
presses for action to help the economy.
TOKYO (Reuters) – Asian shares rose modestly on Tuesday, with technology stocks nosing ahead, while the dollar held its ground ahead of a Federal Reserve policy meeting expected to reiterate a pledge to keep rates low for a long time.
The MSCI index of Asian shares excluding Japan rose 0.3 percent after retreating almost 1 percent on Monday and backing off a seven-week high last week.