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  • Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips

    Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips0

    Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while the dollar fell amid hopes that the central bank will espouse a less hawkish outlook. The Japanese yen bucked the trend, rising 0.7% on expectations that the government will intervene further

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  • Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation

    Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation0

    Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over seven-month high against the dollar of 129.14, and was among the

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  • Asia FX Edges Higher, Korean Won Surges Even As BOK Holds

    Asia FX Edges Higher, Korean Won Surges Even As BOK Holds0

    Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6% and was the best-performing Asian currency for the day, even as

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  • Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap

    Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap0

    Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that the country’s economy was beginning to pick

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  • Asia FX Dips, Dollar Steadies As Fed Meeting Looms0

    Most Asian currencies retreated on Tuesday, while the dollar firmed slightly as markets hunkered down ahead of a Federal Reserve interest rate decision this week, while lingering fears of a banking crisis also weighed on sentiment. The South Korean won was the worst performer for the day, down 0.6% as soft inflation and trade data

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  • Asia FX Dips After Chinese Imports Disappoint, Dollar Rises

    Asia FX Dips After Chinese Imports Disappoint, Dollar Rises0

    Most Asian currencies retreated on Tuesday tracking softer-than-expected Chinese import data, while the dollar firmed ahead of more cues on the U.S. economy from key inflation data due this week. China’s yuan fell 0.1% as data showed China’s imports fell more than expected in April, indicating that local demand in the country remained dim despite

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