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Dollar weakens against yen on US budget fears
The dollar faced selling pressure against the Yen on Wednesday as investors fretted about an impasse over the US budget that could lead to a shutdown of parts of the economy.
Japanese interests to support dollar/yen despite Fed stunner
Selling the dollar broadly after the Federal Reserve’s decision to maintain the pace of its money-printing was perhaps understandable but, against the yen, may have been premature.
Pak rupee declines to record low
The Pakistan rupee fell to a record low on speculation purchases of dollars by local banks spurred wider buying of the greenback.
UAE leads in ‘big data’ adoption trend: EMC
Big data adoption trends are fast gaining currency in the UAE with most businesses acknowledging that it would lead to better decision-making, a survey by EMC Corporation revealed.
Rupiah leads Asian currencies’ decline
Asian currencies fell last week, led by the Indonesian rupiah’s decline to a four-year low, on concern signs of a US economic recovery would support a reduction in stimulus that has fuelled emerging-market inflows.
India, Japan expand currency swap pact to $50b
India and Japan have decided to expand their currency swap agreement, a financial tool to help cushion volatility in foreign exchange markets, to $50 billion from $15 billion, it was announced here.
Dollar tops 100 mark against yen
The dollar topped the 100-yen mark on Thursday as the greenback won support from growing expectations of strong US jobs data while the Bank of Japan issued an upbeat assessment of the world’s third-largest economy.
Pressure on currencies eases
Central bank action lifted some emerging market currencies off lows on Wednesday but higher US yields and the likelihood of military action against Syria kept the sector under pressure.
Rupee closes in on record low
The rupee closed in on its record low on Wednesday morning as rising geopolitical tensions in the Middle East and the possibility of a withdrawal of monetary stimulus by the US Federal Reserve roiled risk assets.
India’s rupee falls sharply, shares slump almost 3.5%
India’s currency slid sharply on Tuesday and the share market crashed nearly 3.5 per cent in another major sell-off caused by uncertainty in the Middle East and a new gloomy economic forecast by Goldman Sachs.
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