Thu, 23 May 2013 22:54:29
Dollar recovers from 2-week low versus yen, focus on Nikkei
The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei share average rebounded from the previous day's 7.3-percent plunge and Wall Street regained some stability by the close. Global stocks and commodities markets sold off on Thursday, led by Japanese stocks suffering their worst one-day loss in two years, as investors were spooked by weak Chinese factory activity data and the prospect of an earlier-than-expected roll-..
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Thu, 23 May 2013 02:49:54
South Korea's economic problems aren't made in Japan.
That isn't the way it looks in the two rival exporters' stock markets. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year. Part of that appears to have come at the expense of South Korea, where foreign investors have sold nearly $6 billion of shares. Japan's benchmark stock index has thus soared 50 percent this year on hopes Prime Minister Shinzo..
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Tue, 21 May 2013 03:58:10
Dollar resumes rise against yen, Bernanke key to more
The dollar rose against the yen on Tuesday after a Japanese minister clarified remarks about the yen's drop, but many awaited the Federal Reserve chief's testimony before adding to bets on a stronger U.S. currency. Speculation the Fed will trim its bond purchases sooner than expected has mounted given signs of an improvement in the U.S. labour market. Chairman Ben Bernanke testifies to Congress on Wednesday and his words will be combed for clues on the timing. If Bernanke reiterates his ultr..
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Mon, 20 May 2013 06:47:45
Yen edges up on minister's comments, could dip again
The yen rose from a 4-1/2-year low against the dollar on Monday after Japan's economy minister suggested the country's currency might have weakened enough, leading some investors to cut hefty bets against it. The dollar fell 0.6 percent to 102.55 yen, having slid about 1 percent to 102 in the Asian session. The euro lost 0.5 percent to 131.85 yen after plumbing 131.045. Last Friday, the dollar reached a 4-1/2-year high of 103.32 yen, while the euro hovered near a 3-1/2-year peak of 132...
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