SYDNEY/SINGAPORE, April 24 (Reuters) – The dollar nursed
losses on Friday after taking a hit from underwhelming U.S.
economic data, while the euro found support from signs that
cash-strapped Greece was making tentative progress toward
securing fresh funding.
The euro eased 0.1 percent to $1.0810, but held on to
the bulk of the gains made on Thursday, when it rose 0.9 percent
and powered up from a low of $1.0666.
SINGAPORE/TOKYO (Reuters) – The dollar edged higher against its peers on Tuesday, drawing support as the euro was pressured by increasing worries that Greece could default on its debt and eventually exit the single currency.
The euro eased 0.1 percent to $1.0731 EUR=, down from Friday’s one-week high of $1.0849. The common currency was knocked back on Monday after public sector entities in Greece were ordered to transfer idle reserves to the central bank to help alleviate a cash squeeze.
LONDON, April 20 (Reuters) – The Australian and New Zealand
dollars rose on Monday after China boosted banks’ lending power
to support Asia’s biggest market, prodding investors globally
into traditionally higher-risk currency plays.
The euro traded marginally weaker after IMF and G20 meetings
in Washington generated no progress in Greece’s prospects of
doing a deal on financial aid that would keep it in the single
SINGAPORE/SYDNEY (Reuters) – The dollar got off to a sleepy start on Monday, in contrast to a more sprightly performance by its Australian and New Zealand peers in the wake of China’s latest stimulus injection.
The People’s Bank of China (PBOC) on Sunday cut the amount of cash that banks must hold as reserves (RRR) in the latest attempt to help spur bank lending and combat slowing growth.
SINGAPORE (Reuters) – The dollar wallowed near a one-week low against a basket of major currencies on Friday and was on track for its biggest weekly drop in a month in the wake of poor U.S. economic data.
The dollar retreated this week as a series of lackluster indicators underscored the view that the Federal Reserve is more likely to raise interest rates later in the year than in June.
SINGAPORE/SYDNEY, April 16 (Reuters) – The Australian dollar
gained a lift from strong Australian jobs data, while the
greenback struggled to gain traction after weak U.S. output data
added to uncertainty over the timing of a Federal Reserve
interest rate rise.
The Australian dollar climbed 0.9 percent to $0.7752
as upbeat Australian jobs data prompted the market to
scale back bets for another interest rate cut by the Reserve
Bank of Australia.
SINGAPORE (Reuters) – Singapore’s central bank on Tuesday surprised markets by holding off from further monetary easing, saying an improving outlook for global growth would underpin the trade-reliant economy.
The Monetary Authority of Singapore (MAS) said the city-state’s economy was on track to meet the official forecast of 2-4 percent growth in 2015, and kept its projections for headline and core inflation unchanged.
SINGAPORE/TOKYO (Reuters) – The Australian dollar tumbled on Monday after a shock contraction in China’s exports added to worries about slowing growth in the world’s second-largest economy, while sterling extended its losses to fresh five-year lows.
The Australian dollar, considered a liquid proxy of China plays, slid 1.2 percent to $0.7592 AUD=D4. That brought the Aussie back within sight of a low of $0.7534 set on April 2, its lowest level in about six years.
SINGAPORE/TOKYO, April 13 (Reuters) – The Australian dollar
tumbled on Monday after a shock contraction in China’s exports
added to worries about slowing growth in the world’s
second-largest economy, while sterling extended its losses to
fresh five-year lows.
The Australian dollar, considered a liquid proxy of China
plays, slid 1.2 percent to $0.7592. That brought the
Aussie back within sight of a low of $0.7534 set on April 2, its
lowest level in about six years.
SINGAPORE (Reuters) – The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of “significant” risks from global uncertainties including the potential impact from a strengthening dollar and higher U.S. interest rates.
The Washington-based lender expects the developing East Asia and Pacific (EAP) region, which includes China, to grow 6.7 percent in each of 2015 and 2016, down from 6.9 percent growth in 2014.