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Apr 7, 2014

World Bank trims China, East Asia 2014 growth forecasts

SINGAPORE (Reuters) – The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region’s economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade.

The Washington-based development bank expects the developing East Asia and Pacific (EAP) region to grow 7.1 percent in 2014 and 2015, down from the 7.2 percent rate it had previously forecast for both years.

Apr 3, 2014

Euro slips on caution ahead of ECB; yen eases vs dollar

SYDNEY/SINGAPORE, April 3 (Reuters) – The euro inched lower
versus the dollar on Thursday, staying on the defensive as the
market turned cautious on expectations the European Central Bank
may sound dovish following its policy review later in the day.

While most analysts do not think the ECB will ease this
week, recent price data have upped the ante for the bank to do
more soon to tackle the threat of deflation.

Apr 1, 2014

Dollar unsettled by dovish Yellen, yen stays on defensive

SYDNEY/SINGAPORE, April 1 (Reuters) – The yen stayed on the
backfoot on Tuesday, while the dollar hovered near a two-week
high versus a basket of currencies after the head of the Federal
Reserve took pains to defend the central bank’s ultra-loose
monetary policy.

The dollar index was little changed at 80.120, after
hitting 80.296 on Monday. Against the yen, though, the dollar
rose 0.1 percent to 103.30 yen, holding near Monday’s
three-week high of 103.44 yen.

Mar 31, 2014

Yen nurses losses, euro subdued ahead of inflation data

SYDNEY/SINGAPORE, March 31 (Reuters) – The yen struggled to
gain traction versus the dollar and touched a fresh six-year low
against the New Zealand dollar on Monday as demand for the
safe-haven currency waned amid hopes of more stimulus from
China.

The dollar held steady at 102.84 yen, staying above
Friday’s session low near 102.03 yen.

Mar 27, 2014

Euro struggles after ECB officials reopen easing debate; yen firmer

TOKYO/SINGAPORE (Reuters) – The euro held steady near recent lows versus the dollar on Thursday after comments from European Central Bank officials revived speculation about further monetary easing to stave off potential deflation.

The euro traded at around $1.3784, hovering near a low of $1.3749 hit twice in recent days, a break of which will bring the currency to its lowest level since March 6.

Mar 25, 2014

Dollar off recent highs, hampered by doubts about U.S. growth momentum

SYDNEY/SINGAPORE (Reuters) – The dollar held steady against a basket of major currencies on Tuesday, keeping a low profile after slipping on the previous day in the wake of a disappointing reading on U.S. manufacturing activity.

The dollar index last fetched 79.952 .DXY, having backed away from Monday’s session high of 80.290 and a three-week peak of 80.354 set last Thursday.

Mar 21, 2014

Dollar pauses before Fed speakers; yuan hits 13-month low

SYDNEY/SINGAPORE, March 21 (Reuters) – The dollar hovered
near a three-week peak against a basket of major currencies on
Friday, but could struggle to extend gains as investors awaited
more clarity on the Federal Reserve’s policy path.

Fed officials including Richard Fisher, James Bullard and
Narayana Kocherlakota are all due to speak later on Friday,
after Fed Chair Janet Yellen surprised markets mid-week by
suggesting the possibility of raising interest rates early next
year.

Mar 14, 2014

Asia currencies dented by jitters over Ukraine, China worries

SINGAPORE, March 14 (Reuters) – Most Asian currencies
slipped against the dollar on Friday as renewed jitters over
heightened tensions in Ukraine and worries over an economic
slowdown in China curbed investors’ appetite for riskier assets.

The daily losses were led by the Indian rupee,
which pulled away from a seven-month high versus the dollar set
earlier in the week, followed by the Malaysian ringgit.

Mar 12, 2014

Asia currencies retreat on worries about China

SINGAPORE, March 12 (Reuters) – Emerging Asian currencies
slipped broadly against the dollar on Wednesday as worries about
an economic slowdown in China prompted investors to shun riskier
assets.

The losses were led by the Indonesian rupiah, the
best-performing emerging Asian currency so far this year, and
the South Korean won, followed by the Philippine peso
.

Mar 11, 2014

Asian currencies rise as yuan steadies; rupee shines

SINGAPORE, March 11 (Reuters) – Emerging Asian currencies
edged higher versus the dollar on Tuesday with sentiment
improving as the Chinese yuan stabilised and regional equities
held firm.

The Indian rupee hit a fresh seven-month high against the
dollar at 60.5925. Traders said moves in local equities
were being watched for cues on foreign fund inflows.