SYDNEY/SINGAPORE (Reuters) – The euro eased on Wednesday as expectations intensified that the European Central Bank will unveil a flurry of measures this week to stave off deflation, while the Aussie dollar gained a brief lift from upbeat economic growth data.
The euro gave back some of the gains it made during the previous day’s short squeeze, which some traders described as a ‘buy-the-rumor-sell-the-fact’ move in the wake of subdued euro zone inflation data.
SINGAPORE (Reuters) – Prime Minister Shinzo Abe, pushing for a greater role for Japan in regional security, said on Friday that Tokyo would offer its “utmost support” to Southeast Asian countries, several of which are locked in maritime disputes with its arch-rival China.
China claims almost the entire South China Sea, rejecting rival claims to parts of it from Vietnam, the Philippines, Taiwan, Malaysia and Brunei in one of Asia’s most intractable disputes and a possible flashpoint.
SINGAPORE, May 30 (Reuters) – Japanese Prime Minister Shinzo
Abe said on Friday that Tokyo would offer its “utmost support”
to Southeast Asian countries, several locked in maritime
disputes with China, in efforts to defend their seas and
China claims almost the entire South China Sea, rejecting
rival claims to parts of it from Vietnam, the Philippines,
Taiwan, Malaysia and Brunei in one of Asia’s most intractable
disputes and a possible flashpoint.
SYDNEY/SINGAPORE (Reuters) – The dollar hovered near a two-month high against a basket of major currencies on Thursday, taking a pause after rallying due to a shake-out of long positions in sterling and a drop in the euro.
The dollar index eased 0.1 percent to 80.490, staying within sight of Wednesday’s high of 80.581, its highest level since early April. A break above 80.599, the April 4 peak, will take the index back to highs not seen since mid-February.
SYDNEY/SINGAPORE, May 28 (Reuters) – The dollar held steady
near an eight-week peak against a basket of major currencies on
Wednesday, having edged up on the back of encouraging U.S.
The dollar index last stood at 80.340, staying near a
high of 80.470 set on Tuesday, its highest level since early
SINGAPORE, May 22 (Reuters) – The yen eased versus the
dollar on Thursday and edged away from a 3-1/2-month high, as a
survey showing an improvement in Chinese factory activity helped
bolster risk appetite and dampened demand for the safe haven
The dollar rose 0.3 percent to 101.63 yen, well off a
3-1/2-month low near 100.80 yen plumbed on Wednesday. The euro
edged up 0.2 percent to 138.95 yen, up from a 3-1/2-
month trough of 138.15 yen also set on Wednesday.
SYDNEY/SINGAPORE, May 16 (Reuters) – The euro was back in
familiar territory against the dollar on Friday, having staged a
rebound from a 2-1/2-month trough as investors booked profits on
bearish positions ahead of the weekend.
The common currency rose 0.1 percent to $1.3718. It
had fallen as far as $1.3648 on Thursday, its lowest level since
late February, in response to data showing the euro zone grew
much less than expected at the start of the year.
SYDNEY/SINGAPORE, May 14 (Reuters) – The euro languished
near five-week lows against the dollar on Wednesday, having come
under renewed pressure as markets grow more convinced the
European Central Bank will ease policy next month.
The euro inched up 0.1 percent to about $1.3715,
staying within sight of Tuesday’s low near $1.3688. A break
below the April 4 trough of $1.3672 would take it back to levels
not seen since late February.
SYDNEY/SINGAPORE, May 12 (Reuters) – The euro started the
week on a steadier footing after two straight sessions of steep
losses, but should stay under pressure amid the persistent
threat of policy action from the European Central Bank.
The common currency, which plumbed a one-month trough of
$1.3745 on Friday, last held steady on the day at
SYDNEY/SINGAPORE, May 8 (Reuters) – The euro held below a
near two-month high on Thursday ahead of an interest rate review
by the European Central Bank, while the Aussie rose on
better-than-expected data on Australian jobs and Chinese trade.
For the euro, the main focus is the ECB, which is widely
expected to keep interest rates on hold.