Search Results for: Asia
Dollar dips vs yen, kiwi lifted by RBNZ’s rate view
August 23rd, 2016
The dollar dipped against the yen on Tuesday, while the New Zealand dollar rose after the nation’s central bank chief said he did not see the need for a rapid succession of interest rate cuts. The dollar shed 0.1 ...
Europe stocks set for muted open as Yellen Jackson Hole speech, oil prices in focus
August 22nd, 2016
European markets are expected to open flat on Monday as investors hope that the U.S. Federal Reserve’s Jackson Hole meeting this week will produce some hints about the timing of an interest rate hike. London’s FTSE 100 is seen 2 points ...
Citi Sees Yen at 95 Per Dollar as Intervention Fears Recede
August 22nd, 2016
Yen strengthened beyond 100 last week for second time in 2016 ‘There’s not a great deal of fear’ of intervention, Elmer says The yen will probably climb to a three-year high of 95 over the next month as Japan ...
EuroFX: How British Firms Built a Pyramid Scheme in China That Lost Millions
August 19th, 2016
The foreign exchange fraudsters hid in the cracks between international jurisdictions. As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. Byrne, 52, is a British ...
Brent oil hovers above $50 on signs of a tighter market
August 19th, 2016
Oil prices headed higher on Friday morning, even amid some profit taking profit-taking in Asia, with Brent prices pushing past $51 a barrel, underscoring the investors’ belief that oil market is tightening. On the New York Mercantile Exchange, light, ...
Dollar Weakens on Fed Outlook as Emerging-Market Shares Advance
August 18th, 2016
Yen breaks 100 after Fed minutes as jobs data boosts Aussie Mongolia’s tugrik stabilizes after interest rate hiked to 15% Emerging-market shares rallied with European stock index futures and the dollar fell versus all of its major peers after minutes ...
China’s Demand for Gold and its Implications for Fiat Currency
August 17th, 2016
While financial market turmoil has led a number of countries to stock up on gold, China stands out from the rest due to the sheer quantity of gold it has purchased over the last couple of years. In 2015 ...
Bitcoin trading booms, lures currency traders
August 16th, 2016
Bitcoin trading volume is soaring in Japan as wild price movements spur an increasing number of currency speculators to shift into the digital-money market. Japan’s leading bitcoin exchange operator said Monday that it surpassed 200,000 customers this month, rising ...
Japan stocks drop as oil prices slip
August 16th, 2016
Shares in Asia were mixed on Tuesday, with record gains in the U.S. market overnight offset by a dip in oil prices and a firmer yen. The Nikkei Stock Average NIK, -1.62% was down 1.1% in early morning trade, after flip-flopping ...
Oil prices rise on talk of possible exporter moves to prop up market
August 12th, 2016
Oil prices rose by around 1 percent on Friday, extending gains from the previous session on expectations that exporters could talk at an upcoming meeting about ways to prop up a market that continues to be dogged by a ...
