Currency Markets

Trading in Asia was thinned with markets in Japan closed for a holiday, leaving currencies mostly rangebound in the early session

PBOC boosts support for yuan after currency’s year-end tumble

The People’s Bank of China set the so-called fixing, which confines yuan’s trading onshore to a 2% range on either side, at 7.1879 per dollar on Thursday

Will 2025 be the year of the Trump Tantrum in the currency markets?

Going into 2025, the strength of the US dollar has been unsettling all other currencies. Tit-for-tat depreciations of currencies may well happen, destabilising economies

Rupee falls 4 paise to 83.22 against US dollar in early trade

Forex traders said the lower greenback index weighed in favour of the local currency amid rising concerns over disruption in global trade through the Red Sea route.

Wall Street mixed, dollar dips ahead of Fed minutes

In currency markets, sterling picked up after data showed that Britain’s inflation fell in July but the core measure came in slightly higher than expected. It was last up 0.39% at $1.275.

Watchdogs mull syncing trading time of all markets: Report

This is to ensure ease of operations for investors betting across asset classes as well as for the back-end staff at intermediaries.

Watch the REER to know the rupee’s path

The real effective exchange rate (REER) is an indicator seldom tracked by the markets or even economists but it is a key input in the RBI's exchange rate policy and paying close attention to it serves well

Evening Wrap - Currency & Bond Markets

Investors will struggle to post significant gains in bonds as we are around the turning point of the current low-interest-rate cycle.

Oil prices fall amid Brexit concerns, supply risks

Oil prices fell in Asian trading amid wider market turmoil set off by mounting concerns over the economic impact of Britain's vote to leave the European Union.

Oil losses mount as world markets hit by Brexit woes

Oil prices fell further in Asian trade today, tracking losses across equities and currency markets as fresh fears about the impact of Britain's exit from the EU sent investors fleeing high-risk assets.

Forex market bracing for volatility ahead of Brexit vote: HSBC

However, Yen is holding up quite well in the current environment, but concerns loom over Japan if it becomes too strong that will eventually give rise to intervention in the currency, says Paul Mackel of HSBC in an interview to CNBC-TV18.

Global stocks struggle as ECB and OPEC meetings loom

Along with the ECB, an OPEC meeting in Vienna was also at the forefront of investors' minds, with oil prices holding steady as analysts said they did not expect the meeting to result in restrictions on crude oil output.

Asia mixed; ASX up 0.4%, Nikkei up 1%, Kospi down 0.1%

Australia's ASX 200 was up 0.35 percent, with some mining stocks coming under pressure. Shares of Oz Minerals were down 0.9 percent while South32 shed 2.22 percent. Major miners were mostly positive, though, with Fortescue up 0.35 percent.

Asia markets end lower, with the Nikkei dropping 3.1%

The Nikkei 225 closed down 518.67 points, or 3.11 percent, at 16,147.38, after initially tumbling as much as 4.14 percent in early trade. On Thursday, the benchmark index shed 3.61 percent, after the Bank of Japan surprised markets by standing pat on its monetary policy.

Asian shares slip, Nikkei skids on yen strength

Adding to the subdued sentiment, a survey released on Sunday showed that activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, raising doubts about the sustainability of a recent pick-up in the economy.

Asia markets open lower; ASX down 0.21%, Kospi down 0.4%

Australia's ASX 200 was down 0.21 percent after the open, with declines in the heavily-weighted financials sub-index and the materials sub-index. In South Korea, the Kospi was down 0.37 percent.

Nikkei falls 3.2% after Bank of Japan keeps policy steady

The benchmark Nikkei 225 was down 3.24 percent, compared to a 1.41 percent gain before the decision. The Topix index fell 2.15 percent.

Rupee opens marginally higher at 66.39/$

The Indian rupee has opened at 66.39 per dollar up 0.13. Mohan Shenoi of Kotak Mahindra Bank expects the USD-INR pair to trade in a range of Rs 66.35-66.65/USD today.

Asia mkts mixed in early trade, as investors await BOJ decision

In Japan, the Nikkei 225 advanced 1.03 percent, while across the Korean Strait, the Kospi wavered between positive and negative territory before trading down 0.19 percent.

Asia subdued before oil producers' meeting

Japan's Nikkei was down 0.3 percent, while Australian shared edged up 0.4 percent. Other modest gainers included Malaysian and Indonesian stocks.

Asia markets higher; ASX up 1.2%, Nikkei rises 1.4%

Australia's ASX 200 was up 1.18 percent in early trade, boosted by advances in the heavily-weighted financials subindex, up 1.07 percent. The energy and materials subindexes were also up 2.81 and 2.76 percent respectively.

Asia lower; Nikkei down 1.3%, Kospi flat and ASX off 0.3%

Australia's ASX 200 was off 0.25 percent, weighed by a 0.48 percent decline in the heavily-weighted financials subindex. The energy subindex advanced 1.51 percent, while the materials subindex was up 0.63 percent.

Asian shares drop as banks come under pressure, yen soars

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent while Japan's Nikkei dropped 1.4 percent to near-two-month lows, with financials coming under pressure.

Asia mkts advance; ASX up 0.5%, Nikkei up 0.7%, Kospi up 0.3%

Australia's ASX 200 was up 0.48 percent, while in South Korea, the Kospi was higher by 0.26 percent. Japan's benchmark Nikkei 225 wavered in early trade before trading up 0.72 percent.

Asia markets waver; ASX up 0.1%, Nikkei down 0.2%, Kospi up 0.3%

Australia's ASX 200 was up 0.10 percent and South Korea's Kospi was up 0.31 percent as of 8:56 a.m. HK/SIN time. Japan's Nikkei 225 erased initial gains to slip 0.18 percent.