SYDNEY/SINGAPORE, June 19 (Reuters) – The dollar held steady
near a one-month low against a basket of major currencies on
Friday, after tame U.S. inflation data added to uncertainty over
when the Federal Reserve will begin raising interest rates.
Data on Thursday showed a measure of U.S. core inflation
rose a mere 0.1 percent in May, the smallest gain in five
months, suggesting the Fed can stick to a very gradual policy
tightening cycle, when it eventually does start hiking rates
later in the year.
SINGAPORE/SYDNEY, June 18 (Reuters) – The dollar hit a
one-month low on Thursday, staying on the defensive after the
head of the Federal Reserve disappointed some who had hoped for
a clearer signal on when the central bank will lift interest
Instead, Fed Chair Janet Yellen on Wednesday emphasised that
the rate decision was still up in the air and rested squarely on
further improvement in the labour market, a longstanding
SINGAPORE (Reuters) – Sentiment towards most emerging Asian currencies worsened in the last two weeks after strong U.S. jobs data bolstered expectations that U.S. interest rates will move higher before year-end, a Reuters poll showed on Thursday.
Bearish bets against the Indonesian rupiah, the Malaysian ringgit, the South Korean won and the Taiwan dollar all rose to their largest levels in nearly three months.
SINGAPORE (Reuters) – Japan’s Minister of Defense warned on Saturday that land reclamation projects in the South China Sea risked plunging the region into disorder and urged nations, including China, to behave responsibly.
“If we leave any unlawful situation unattended, order will soon turn to disorder, and peace and stability will collapse,” Gen Nakatani said during a speech at the Shangri-La Dialogue in Singapore.
SINGAPORE, May 28 (Reuters) – San Francisco Fed President
John Williams said on Thursday the Fed was likely to raise
interest rates later this year, adding that he expects
above-trend U.S. growth for the rest of 2015 after a weak first
Asked by reporters in Singapore about the possible timing of
a U.S. rate hike, Williams said the subject is “on the table” at
every meeting of the Federal Open Market Committee, whether the
next one at June 16-17 or later ones.
SINGAPORE (Reuters) – Singapore’s economy in the first quarter grew faster than estimated as manufacturing and services sectors showed more resilience, boding well for the city-state’s economic growth outlook this year.
The surprisingly strong data bolsters the case for the Monetary Authority of Singapore (MAS) to hold off from additional monetary easing later this year, economists said.
SINGAPORE (Reuters) – Singapore’s economy grew faster than initially estimated in the first quarter as manufacturing and services sectors showed more resilience, boding well for the city-state’s economic growth outlook this year.
The trade-reliant economy expanded an annualized and seasonally adjusted 3.2 percent in the January-March quarter from the previous three months, the Ministry of Trade and Industry said on Tuesday.
SINGAPORE, May 25 (Reuters) – Singapore’s consumer prices
recorded their biggest year-on-year drop in five years in April,
an outcome analysts said could open the way to further monetary
easing if economic growth disappoints later this year.
The all-items consumer price index fell 0.5 percent in April
from a year earlier, official data showed on Monday. That was
the largest drop since late 2009 and exceeded the 0.1 percent
drop expected by economists in a Reuters poll.
SINGAPORE/TOKYO (Reuters) – The dollar edged lower versus a basket of major currencies on Friday in the wake of unimpressive U.S. economic data, with investors awaiting speeches by major central bankers.
The dollar index slipped 0.2 percent to 95.117 .DXY, having backed off from Wednesday’s peak of 95.837, its highest level since May 5.
SINGAPORE/SYDNEY (Reuters) – The dollar hit a two-month high versus the yen on Wednesday after strong housing data offered signs that the U.S. economy may be recovering from a weak first quarter.
The dollar rose as high as 120.98 yen, its strongest level since March 20, before paring some of the gains to trade at 120.86 yen, up 0.1 percent on the day.