Dollar retreats broadly, sterling hits 2-mo high on downbeat U.S. GDP
SINGAPORE, April 29 (Reuters) – The dollar fell broadly and
sterling hit a two-month high on Monday, as traders continued to
reduce their exposure to the greenback after data last week
showed the U.S. economy grew at a slower-than-expected pace in
the first quarter.
The dollar declined against a swathe of currencies and
dropped 0.3 percent versus the yen to 97.73 yen, edging
away from a four-year high of 99.95 yen set earlier in April
after the Bank of Japan unleashed its drastic monetary stimulus.
Dollar falls broadly after U.S. GDP disappoints
TOKYO, April 29 (Reuters) – The dollar fell broadly and
sterling hit a two-month high on Monday, as traders continued to
reduce their exposure to the greenback after data last week
showed the U.S. economy grew at a slower-than-expected pace in
the first quarter.
The dollar declined against a swathe of currencies and
dropped 0.4 percent versus the yen to 97.60 yen, edging
away from a four-year high of 99.95 yen set earlier in April
after the Bank of Japan unleashed its drastic monetary stimulus.
Dollar on defensive vs yen after U.S. GDP disappoints
TOKYO (Reuters) – The dollar eased versus the yen on Monday, staying on the defensive after sliding on Friday, when data showed the U.S. economy grew at a slower-than-expected pace in the first quarter.
The dollar last changed hands at 97.86 yen, down 0.1 percent from late U.S. trade on Friday and well below a four-year high of 99.95 yen set on April 11, a week after the Bank of Japan stunned markets with its drastic monetary stimulus program.
Dollar falls vs yen after BOJ stands pat, U.S. data in focus
TOKYO, April 26 (Reuters) – The dollar slid against the yen
on Friday, pulling away from a four-year high struck earlier
this month, after the Bank of Japan kept policy unchanged and
gave the market little impetus to sell the yen anew.
The dollar last fetched 98.70 yen, down 0.6 percent
from late U.S. trade on Thursday.
Dollar slips vs yen on profit-taking, Japan exporters
SINGAPORE/TOKYO (Reuters) – The dollar fell versus the yen on Friday, pulling away from a four-year high struck earlier this month, with traders citing profit-taking and yen-buying by Japanese exporters as currency markets turned their attention to the outcome of the Bank of Japan policy review.
Japanese exporters apparently sold the dollar ahead of their “Golden Week” holidays next week, said a trader for a Japanese bank in Singapore, adding that they appeared more active than usual.
Euro steady vs dollar, remains vulnerable as focus turns to German Ifo
SINGAPORE, April 24 (Reuters) – The euro held steady on
Wednesday, clinging above a two-week low set the previous day,
but the single currency could face more selling pressure as soft
euro-zone data has bolstered expectations of an interest rate
cut by the European Central Bank.
The euro was fetching $1.3002. The single currency
had hit a two-week low of $1.2973 on Tuesday in light of a
survey showing a sharp drop in German business activity in
April.
Euro steady near two-week low, eyes on German Ifo survey
SINGAPORE (Reuters) – The euro languished near a two-week low against the dollar on Wednesday, having suffered a setback after disappointing economic news out of Germany fuelled talk of an interest rate cut by the European Central Bank.
The euro held steady at $1.3000, not very far from a two-week low of $1.2973 hit on Tuesday in light of a survey showing a sharp drop in German business activity in April.
Yen rises as Aussie falls on China growth concerns
SINGAPORE, April 23 (Reuters) – The yen rose broadly and the
Australian dollar hit a six-week low on Tuesday as a weak
reading on the Chinese manufacturing sector stirred worries
about the health of the global economy.
The Australian dollar touched $1.0221, its lowest
level since March 11, and last changed hands at $1.0234, down
0.3 percent from late U.S. trade.
Yen pushes higher as Aussie falls on China growth concerns
SINGAPORE (Reuters) – The yen rose broadly and the Australian dollar hit a six-week low on Tuesday as a weak reading on the Chinese manufacturing sector stirred worries about the health of the global economy.
The Australian dollar touched a low of $1.0222 as of 0337 GMT, its lowest level since March 11, and last changed hands at $1.0224, down 0.4 percent from late U.S. trade.
PIMCO likes rupee, CNH for FX; Brazil, Mexico bonds
SINGAPORE (Reuters) – PIMCO, the world’s biggest bond investor, picks the Indian rupee and offshore Chinese yuan as pure currency bets and sees value in the bonds as well as the currencies of Brazil and Mexico, a manager of the fund’s emerging markets portfolio told Reuters.
Ramin Toloui, co-head of PIMCO’s global emerging markets portfolio management team, also reckons the Bank of Japan has, through its aggressive policy easing, given markets a green light to short-sell the yen.
