SYDNEY/SINGAPORE (Reuters) – Sterling set a fresh four-month low on Thursday, staying on the defensive after the Bank of England surprised investors the previous day by signaling it was in no hurry to raise interest rates.
The pound touched a low of $1.6668 GBP=D4, its lowest level since mid-April, and down 3 percent from a near six-year high of $1.7192 touched in mid-July. It last traded at $1.6680, down about 0.1 percent on the day.
SINGAPORE/SYDNEY (Reuters) – The yen held steady versus the dollar on Wednesday, showing limited reaction to the widely expected contraction in Japan’s economy in April-June, while the euro hovered above the previous day’s lows.
Japan’s economy shrank an annualised 6.8 percent in the second quarter, suffering its biggest contraction since the devastating March 2011 earthquake as a sales tax hike took a heavy toll on household spending.
SINGAPORE, Aug 12 (Reuters) – Singapore’s economic growth slowed
significantly in the second quarter even though it avoided a quarterly
contraction, and analysts say the second half could be worse.
Some economists have recently either downgraded or noted downside risks to
their full-year growth forecasts, citing factors such as weakness in
manufacturing activity, the impact of Singapore’s ongoing economic
restructuring, and a slack property market.
SYDNEY/SINGAPORE, Aug 11 (Reuters) – The yen eased versus the dollar on
Monday, having backed off from peaks hit late last week as a slight relaxation
in geopolitical tensions dampened demand for the safe-haven Japanese currency.
The dollar inched up 0.1 percent to 102.17 yen, having bounced off
Friday’s two-week trough of 101.51. The euro edged up 0.1 percent to 136.91 yen
, well off an 8-1/2 month low of 135.73 set on Friday.
SINGAPORE/SYDNEY, Aug 7 (Reuters) – The yen sagged against
the dollar on Thursday, coming under pressure on news Japan’s
Government Pension Investment Fund (GPIF) plans to increase its
allocation to domestic equities.
The dollar rose 0.3 percent to 102.40 yen, pulling
away from a 1-1/2 week low near 101.76 yen set on Wednesday.
SINGAPORE/SYDNEY (Reuters) – The euro held steady above a nine-month low on Thursday ahead of a policy review by the European Central Bank, while the Aussie dollar tumbled after surprisingly weak Australian jobs data.
The Australian dollar slid 0.8 percent to $0.9284 AUD=D4, nearing a two-month low of $0.9275 set last week.
SINGAPORE/SYDNEY, Aug 6 (Reuters) – The euro slipped to a
nine-month low on Wednesday, extending its losses after data
showed a sharp drop in German industrial orders, while the New
Zealand dollar took a hit after a fall in dairy prices.
A Singapore-based trader said investor risk aversion on
concerns about the tensions in Ukraine helped to bolster the
dollar broadly, and weighed on the euro.
SYDNEY/SINGAPORE (Reuters) – The dollar held near an 11-month high against a basket of major currencies on Wednesday, supported by upbeat U.S. data, while the New Zealand dollar took a hit from a fall in dairy prices.
The dollar index .DXY was last at 81.550, not far from Tuesday’s peak of 81.626. The euro eased 0.1 percent to $1.3368 EUR, having plumbed a nine-month trough of $1.3358 on Tuesday.
SYDNEY/SINGAPORE, Aug 5 (Reuters) – The dollar was stuck
below a 10-1/2 month peak against a basket of currencies on
Tuesday, taking a breather after U.S. jobs data last week
dampened speculation of an earlier-than-expected interest rate
rise by the Federal Reserve.
The dollar index held steady at 81.299, staying below
a high of 81.573 touched last Thursday, its highest level since
mid-September of last year.
SYDNEY/SINGAPORE, Aug 1 (Reuters) – Dollar bulls took a
breather on Friday ahead of a closely watched jobs report that
has the potential to make or break a rally that saw the
greenback post its best monthly performance in over a year.
The dollar index was steady at 81.479, having risen
2.1 percent in July to a 10-1/2 month peak of 81.573.