Category «Asia»

Japan Upgrades Q3 GDP as Global Recession, COVID Risks Linger

Japan Upgrades

Japan’s economy, the world’s third-largest, shrank less than initially estimated in the third quarter, bolstering a view that it is slowly recovering from COVID-19 doldrums even as major export markets show further signs of weakening. Separate data showed the economy had recorded its first current account deficit in eight years in October, reflecting high import …

Asia FX Rallies on China Reopening Fervor, Dollar Hits 5-Month Low

ASIA FX

Most Asian currencies rose sharply on Monday as more Chinese cities relaxed some anti-COVID measures, while improving risk appetite and expectations of smaller rate hikes saw the dollar sink to an over five-month low. The yuan was the best performer for the day, rising 0.9% to 6.9628- its strongest level against the dollar since mid-September. …

Asia FX Turns Cautious Ahead of U.S. Payrolls, Dollar Hits 3-Mth Low

Asia FX

Most Asian currencies moved little on Friday as caution kicked in ahead of U.S. payrolls data that is likely to affect monetary policy, although dovish signals from the Federal Reserve pushed the dollar to a three-month low. Regional currencies were also set for strong gains this week as the Federal Reserve flagged smaller interest rate …

Asia FX inches Higher Ahead of Powell speech, China optimism Fades

ASIA FX

Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country‚Äôs COVID policy weighed on sentiment. Still, most regional units were set to end November substantially higher on a weaker dollar and expectations …

Taiwan October Export orders Likely contracted Again, But at Slower Pace- Reuters Poll

Taiwan export

Taiwan’s export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed on Friday The median forecast from a poll of 13 economists was for export orders to fall 1% from a year earlier. Forecasts ranged from an expansion of …

Japan Foreign Reserves Fall For Third Month After Intervention

Foreign Reserves

Japan’s foreign reserves extended declines in October, following the previous month’s record drop, the Ministry of Finance said on Tuesday, reflecting the largest ever amount of yen-buying, dollar-selling interventionThe data comes alongside separate figures that confirmed Japan did not conduct stealth intervention in September and only entered the market to buy yen for U.S. dollars …

Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips

ASIA FX

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 …

BoJ Holds Ultra-Low Interest Rates, Raises 2022 Inflation Forecast

Interest Rates

The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held its target for short-term interest rates at negative 0.1%, and said …

Asia stocks mixed, U.S. inflation test looms

Asia stocks mixed, U.S. inflation test looms

By Administrator_India Capital Sands Asian share markets were mixed on Monday as risk assets found support from the upbeat U.S. October payrolls report, but faced another test later in the week from a reading on U.S. inflation that could spook the rate horses. The congressional passage of a long-delayed U.S. $1 trillion infrastructure bill cheered …

Asian shares wobble ahead of Fed outcome and earnings

Asian shares wobble ahead of Fed outcome and earnings

By Administrator_India Capital Sands Asian shares fell and U.S. stock futures were steady on Tuesday as caution ahead of a U.S. Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from the COVID-19 blow. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.14%. Australian stocks dropped …