SINGAPORE/SYDNEY, Jan 23 (Reuters) – The euro set a fresh
11-year low versus the dollar on Friday, staying under pressure
after the European Central Bank launched a landmark bond-buying
programme to support the sagging euro zone economy.
The euro touched a low of around $1.1315 on trading platform
EBS, its lowest level since September 2003. The euro last traded
at $1.1343, down 0.2 percent on the day.
SYDNEY/SINGAPORE, Jan 23 (Reuters) – The euro wallowed near
an 11-year low on Friday after suffering a massive decline as
the European Central Bank launched a stimulus programme that
would pump hundreds of billions in new money into a sagging euro
The common currency tumbled on Thursday as the market took
in news that the ECB would purchase sovereign debt from this
March until the end of September 2016, by which time more than 1
trillion euros would have been created under quantitative
SINGAPORE (Reuters) – Japan could see some “concrete movement” in its real economy in 2015, an economic adviser to Japanese Prime Minister Shinzo Abe said on Thursday, adding that inflation expectations have been rising under the Bank of Japan’s monetary stimulus.
The Japanese economy will show a powerful upward trend this year, said Etsuro Honda, a University of Shizuoka professor and a prominent outside architect of Abe’s reflationary policies.
SYDNEY/SINGAPORE, Jan 22 (Reuters) – The euro held steady on
Thursday as investors awaited details of a sovereign bond-buying
programme that the European Central Bank is seen likely to
announce later in the day.
Market expectations are sky-high for the ECB to unveil a
large-scale programme of quantitative easing.
SINGAPORE (Reuters) – The dollar hit its highest level in nearly nine years against a basket of currencies on Friday, drawing strength from the U.S. economy’s outperformance and the diverging outlook for monetary policies among major economies.
The dollar kicked off 2015 on a strong note after a stellar 2014 when the dollar index surged nearly 13 percent in its best yearly performance since 1997.
SINGAPORE (Reuters) – Singapore’s economic growth slowed more than expected in the fourth quarter as the manufacturing sector contracted in the face of erratic global demand, raising concerns about the outlook for 2015.
Gross domestic product expanded by 1.6 percent in the fourth quarter on an annualised and seasonally adjusted basis, advance estimates from the Ministry of Trade and Industry (MTI) showed on Friday.
SINGAPORE, Dec 31 (Reuters) – The dollar was on track to end
2014 with a gain of 12 percent against a basket of major
currencies, and anticipated U.S. interest rake hikes may
strengthen its appeal in the new year.
This year’s gain will be the dollar’s largest since 2005,
when it climbed nearly 13 percent.
SINGAPORE (Reuters) – The dollar was on track to end 2014 with a gain of 12 percent against a basket of major currencies, and anticipated U.S. interest rake hikes may strengthen its appeal in the new year.
This year’s gain will be the dollar’s largest since 2005, when it climbed nearly 13 percent.
SINGAPORE (Reuters) – Bearish bets on the Malaysian ringgit rose slightly and remained at their highest since the 2008-09 global financial crisis, while short positions in the Indonesian rupiah hit a two-month high, a Reuters poll found on Thursday.
A recent slide in oil prices and the Russian rouble have soured investor sentiment toward emerging market currencies in general and weighed on Asian currencies, although sentiment improved somewhat after the rouble strengthened sharply on Wednesday.
JAKARTA/SINGAPORE, Dec 15 (Reuters) – The Indonesian rupiah
tumbled to its lowest level since August 1998 on Monday as
declining risk appetites and increasing demand for dollars to
settle year-end foreign loan payments put pressure on the
country’s currency, bonds and shares.
Bank Indonesia said that it was acting in both the foreign
exchange and bond markets to help stabilise prices, as emerging
markets from Europe to Latin America suffer sharp outflows of