Masayuki's Feed
Sep 1, 2015

Yen, euro buoyed by risk aversion as equities retreat

SINGAPORE/TOKYO (Reuters) – The yen and euro edged higher on Tuesday as falls in Asian equities kept the focus on whether investors would need to further unwind carry trades, bets in risk assets funded by low-yielding currencies.

Surveys of China’s manufacturing and services sector that reinforced worries of a sharper slowdown in the economy helped keep the yen and euro on firm footings.

Aug 31, 2015

Dollar sags vs yen and euro, on track for monthly loss

TOKYO/SINGAPORE (Reuters) – The dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hopes that the U.S. Federal Reserve would raise interest rates as early as next month.

The dollar index .DXY, which tracks the greenback against a basket of six rival currencies, was at 95.704, down 0.4 percent on the day and about 1.7 percent lower for the month.

Aug 27, 2015

Yen nurses losses as equities rally lifts mood

SINGAPORE/SYDNEY (Reuters) – The yen nursed losses against the dollar on Thursday as gains in Chinese equities helped underpin risk sentiment for now and dampened demand for the safe haven Japanese currency.

Comments from an influential Federal Reserve official on Wednesday downplaying prospects of a September interest rate hike helped improve market sentiment. In the currency market, investors reacted by unwinding recent moves that lifted both the yen and the euro.

Aug 26, 2015

Singapore’s weak July industrial output stirs recession fears

SINGAPORE, Aug 26 (Reuters) – Singapore’s industrial
production in July shrank more than expected from a year
earlier, increasing the chances for a technical economic
recession and more monetary easing.

Manufacturing output fell 6.1 percent in July from a year
earlier, data from the Economic Development Board showed, weaker
than the median forecast of a 3.3 percent drop in a Reuters
poll. For the month, output rose 1.0 percent, lagging the median
forecast for a 2.7 percent expansion.

Aug 25, 2015

Dollar climbs vs yen as risk aversion eases

SINGAPORE/TOKYO (Reuters) – The dollar rose more than 1 percent against the yen on Tuesday and pulled away from seven-month lows as investor risk aversion showed signs of easing, but the outlook remained clouded by worries about slowing Chinese growth.

Traders said a rise in U.S. stock index futures and a bounce in Tokyo equities from session lows helped spur dollar-buying against the yen. There was also talk of dollar-buying by Japanese players.

Aug 21, 2015

Aussie hit by weak China PMI; risk aversion lifts euro

SINGAPORE (Reuters) – The Australian dollar tumbled on Friday after a private survey showed that China’s factory sector shrank at its fastest pace in 6-1/2 years, adding to worries that the world’s second-largest economy may be slowing sharply.

The preliminary Caixin/Markit China Manufacturing Purchasing Managers’ Index (PMI) stood at 47.1 in August, well below a Reuters poll median of 47.7 and the worst reading since March 2009.

Aug 19, 2015

Aussie dented by China jitters; sterling holds firm

SINGAPORE/SYDNEY (Reuters) – The Australian dollar sagged on Wednesday as weakness in Chinese equities amplified concerns over slowing growth in China, while sterling held firm after a pick up in UK inflation kept prospects of a Bank of England rate hike in play.

Moves among major currencies were mild, however, as investors awaited U.S. inflation data and the minutes of the Federal Reserve’s July meeting due later in the day for clues on when the Fed will start raising interest rates.

Aug 18, 2015

Dollar edges higher with Fed back in focus, yuan scare ebbs

SINGAPORE/TOKYO (Reuters) – The dollar edged higher on Tuesday, as focus shifted back to the prospect of the U.S. Federal Reserve raising interest rates amid receding concerns that last week’s devaluation of China’s yuan could spark a global currency war.

Against a basket of major currencies, the dollar rose 0.2 percent to 96.963 .DXY, pulling away from a one-month low of 95.926 set last week when Beijing’s surprise move dented expectations of the Fed raising rates in September.

Aug 13, 2015

Dollar steady as slower yuan drop calms nerves

SINGAPORE, Aug 13 (Reuters) – The dollar held above a
one-month low against a basket of currencies on Thursday as the
yuan’s fall slowed, easing worries that China was trying to
sharply devalue its currency to gain competitive advantage.

The yuan weakened slightly but the pace of its
decline dipped as China’s central bank said there was no basis
for further depreciation in the yuan, given China’s strong
economic fundamentals.

Aug 13, 2015

Aussie firmer as slower yuan drop eases market jitters

SINGAPORE/TOKYO (Reuters) – The Australian dollar inched higher on Thursday as the yuan’s depreciation showed signs of slowing.

China’s yuan CNY=CFXS fell for a third day and eased about 0.3 percent to 6.4090 versus the dollar, but held above a four-year low of 6.4510 set on Wednesday, as the central bank said there was no basis for further depreciation given strong economic fundamentals.