The euro rose against the yen, paring a weekly decline, before German data that may show business confidence bottomed out after a two-month decline. Europe’s currency was set for a weekly advance versus the dollar after a private report yesterday showed a gauge of the region’s services and manufacturing industries rose more than estimated this… Read more »
Japan’s Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, its biggest one-day percentage drop in two years after weak Chinese factory data spooked investors. The Nikkei climbed 2.4 percent to 14,837.35 after trading as high as 15,007.50. Despite Thursday’s slide, the index is up 7.2 percent so far… Read more »
The yen jumped the most in almost three months against the dollar and five weeks versus the euro as Chinese manufacturing shrank and stocks fell around the world, reviving demand for the safety of Japan’s currency. Japan’s currency surged 2.8 percent versus South Korea’s won and 2 percent against Mexico’s peso as Economy Minister Akira… Read more »
The yen climbed against all of its major peers as Asian stocks dropped amid concerns that a reduction in monetary stimulus will weigh on the U.S. recovery and China’s economy is slowing. The Dollar Index earlier touched an almost three-year high and Treasury yields rose after Federal Reserve Chairman Ben S. Bernanke said yesterday the central bank may taper… Read more »
Canada’s dollar dropped to an almost one-year low versus its U.S. peer after Federal Reserve Chairman Ben S. Bernanke said monthly bond purchases may be reduced if the economy shows sustained growth. The currency declined earlier after Canadian retail sales stagnated in March, boosting bets the Bank of Canada will reverse its bias to raise… Read more »
The dollar rose against most major counterparts as Federal Reserve Chairman Ben S. Bernanke said the central bank could taper its monthly bond purchases at its next few meetings if it can be confident of sustained gains in the economy. The greenback earlier touched a one-week low versus the euro as Bernanke told Congress the… Read more »
The yen fell to the weakest in three years against the euro after Bank of Japan policy makers affirmed a plan to double the monetary base over two years and their statement showed no concern with rising bond yields. Japan’s currency declined versus most of its major peers after a government report showed the trade… Read more »
Canada’s dollar fell to a more than two-month low against its U.S. counterpart amid speculation growth in the world’s largest economy would spur the Federal Reserve to reduce stimulus, known as quantitative easing. The currency declined against the majority of its 16 most-traded peers as crude oil, Canada’s biggest export, snapped a four-day rally. It pared losses… Read more »
The dollar fell for a third day against the euro before Federal Reserve Chairman Ben S. Bernanke addresses Congress amid concern he will disappoint expectations for a paring back of monetary stimulus. The greenback weakened yesterday after St. Louis Fed President James Bullard said the central bank should keep buying bonds and New York Fed… Read more »
Japan’s Nikkei average climbed to a 5-1/2-year high on Wednesday, ahead of the outcome of the Bank of Japan meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off entertainment assets. The Nikkei advanced 0.9 percent to 15,513.72 after trading as much as 15,527.35, its highest since December 2007…. Read more »
