SINGAPORE/SYDNEY, Oct 29 (Reuters) – The dollar held steady
on Wednesday ahead of the latest guidance from the U.S. Federal
Reserve, with the Fed seen likely to wind down its bond-buying
stimulus, but taking a cautious tone on raising interest rates.
The Fed is all but certain to announce the end of its
massive bond-buying stimulus when it wraps up a two-day policy
meeting on Wednesday.
SINGAPORE/TOKYO, Oct 23 (Reuters) – The euro eased on
Thursday with the focus turning to a gauge of euro zone business
activity due later in the day, while the kiwi slid after a
surprisingly weak reading on inflation in New Zealand.
The U.S. dollar managed to stay above water, though a
largely muted reaction was seen in currency markets to a survey
showing China’s factory sector grew a shade faster in October,
as the details underscored a still-shaky economy.
SINGAPORE, Oct 21 (Reuters) – The Australian dollar edged
higher on Tuesday after China’s third-quarter economic growth
slightly exceeded market expectations, while the U.S. dollar
struggled to gain traction and retreated against the yen.
China’s economy grew 7.3 percent in July-September from a
year earlier, slightly above the 7.2 percent forecast by
analysts. However, the growth was the weakest for any quarter
since the 2008/09 global financial crisis.
SINGAPORE, Oct 13 (Reuters) – The dollar fell to a one-month
low against the yen on Monday, as heightened worries about the
health of the global economy continued to shore up the
safe-haven Japanese currency.
The dollar also slipped versus the euro and the Australian
dollar in choppy, holiday-thinned trade.
SINGAPORE (Reuters) – The yen scaled a one-month high against the dollar on Monday, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency.
The yen has pulled away from a six-year low versus the dollar set in early October, after dovish-leaning minutes of the U.S. Federal Reserve’s September meeting released last Wednesday prompted the market to push back the expected timing of a Fed rate hike.
SYDNEY/SINGAPORE, Oct 9 (Reuters) – The dollar hit a
two-week low versus a basket of currencies on Thursday, after
minutes from the U.S. Federal Reserve’s last meeting prompted
markets to push out expectations for the likely timing of an
interest rate rise.
The dollar index fell 0.1 percent to 85.174. It
slipped to 85.143 at one point, its lowest level since late
September, pulling away from a four-year peak of 86.746 hit on
SINGAPORE, Oct 7 (Reuters) – The dollar slipped versus the
yen on Tuesday, reversing its earlier gains after Japanese Prime
Minister Shinzo Abe reflected upon the demerits of a weaker yen
on the economy.
The yen turned up after Abe, speaking in parliament, said
that a weaker yen burdens households and small firms by
increasing fuel prices.
SINGAPORE/SYDNEY, Oct 7 (Reuters) – The dollar edged higher
on Tuesday, showing resilience in the wake of the previous day’s
slide, which was seen as a temporary setback for dollar bulls.
The dollar rose 0.3 percent against the yen to 109.11 yen
. On Monday, the dollar had shed 0.9 percent versus the
yen – its biggest one-day drop since early April – and backed
away from a six-year high of 110.09 yen set last week.
SINGAPORE (Reuters) – The World Bank cut its 2014-2016 growth forecasts for developing East Asia and China, and cautioned of capital-flight risks to Indonesia while growth in China is seen slowing due to policy measures aimed at putting the economy on a more sustainable footing.
The Washington-based lender expects the developing East Asia and Pacific (EAP) region to grow 6.9 percent in 2014 and 2015, down from the 7.1 percent rate it had previously forecast for both years. Growth in 2013 had been 7.2 percent.
SINGAPORE, Sept 26 (Reuters) – Data centre operator IO is just the kind of
company Singapore wants to see in its future as cost pressures erode its
competitiveness in the traditional low-end manufacturing that once helped make
it an “Asian Tiger” economy.
U.S.-based IO took space last year in what was once part of Seagate
Technology’s factory after the computer hardware maker shifted its
hard-disk production in 2010 to cut costs. But whereas Seagate cut 2,000
employees when it moved out, IO Singapore brought just 20 when it moved in.