Foreign Exchange News

TOKYO (XFN-ASIA) - Share prices closed lower as investors opted to grab profits ahead of the release tonight of semiconductor giant Intel Corp's quarterly results, dealers said. The dollar's retreat against the yen, sparked by a mixed US manufacturing report and the announcement by Russia's central bank of plans to diversify its currency reserves, also weighed on the equity market. At the close  ...

SYDNEY (XFN-ASIA) - The US dollar was lower against the yen and steady against the euro in midafternoon trade as players await key economic data due in the US tonight and tomorrow, as well as a German economic sentiment survey, dealers said. At 2:25 pm Sydney time (0425 GMT), the dollar was at 119.08 yen, down from 119.12 in the morningwhile the euro was at 1.2537 usd, little changed from its ear ...

Asian stocks were broadly lower Tuesday, with Japan and South Korea easing back after strong gains in recent sessions although rebounding crude-oil prices lifted Japan's Inpex Holdings Inc. and other energy companies. Japan's Nikkei 225 index ended the morning session down 0.5% at 16,618.2. The broader Topix index was down 0.5% at 1,637.3. South Korea's Kospi index was lower 0.7%. Crude o ...

TOKYO (XFN-ASIA) - Share prices ended the morning session lower on profit-taking following two straight days of gains, which saw Nikkei 225 index closing at a five-month high yesterday, dealers said. The dollar's retreat against the yen overnight, triggered by a mixed US manufacturing report and the announcement by Russia's central bank about plans to diversify its currency reserves, also weighed ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at 7.9110 to the dollar, according to the National Foreign Exchange Center. The rate, published on the official Chinamoney website, compares with the midpoint of 7.9148 set the previous trading day. The People's Bank of China (PBOC) started setting a daily central parity rate on Jan 4. On July 21, 2005, China freed the y ...

SYDNEY (XFN-ASIA) - The US dollar was higher against the yen, but down on the euro as traders await key US economic data tonight including producer inflation, industrial production and net capital inflows, dealers said. At 10:13 am Sydney time (0013 GMT), the dollar was at 119.12 yen, up from 119.05 in late New York trade on Friday, while the euro was at 1.2538 usd, down from 1.2529. Dealers sai ...

SYDNEY (XFN-ASIA) - The US dollar was steady against the yen and euro in early afternoon trade here as investors adopted a wait-and-see stance ahead of tonight's US economic data and a speech by Federal Reserve chairman Ben Bernanke, dealers said. At 1:45 pm here (0345 GMT), the dollar was at 119.74 yen from 119.76 in early trade while the euro was steady at 1.2498 usd. Commonwealth Bank senior  ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at 7.9148 to the dollar, according to the National Foreign Exchange Center. The rate, published on the official Chinamoney website, compares with the midpoint of 7.9116 set the previous trading day. The People's Bank of China (PBOC) started setting a daily central parity rate on Jan 4. On July 21, 2005, China freed the y ...

SYDNEY (XFN-ASIA) - The US dollar was higher against the yen and euro here following gains in the US currency on Friday as expectations of Federal Reserve interest rate cuts ahead continued to ease, dealers said. At 10:24 am Sydney time (0024 GMT), the dollar was at 119.76 yen, up from 119.68 in late New York trade on Friday while the euro was at 1.2498 usd, down from 1.2506. Dealers said the fo ...

SHANGHAI (Dow Jones) -- Investors will watch the Industrial and Commercial Bank of China (ICBC), the largest of China's five major banks, during this week's run-up to a simultaneous initial public offering on the Hong Kong Stock Exchange and China's domestic stock exchange in Shanghai. Institutional orders for Hong Kong shares of ICBC will close on Thursday; the two-week global road show is exp ...