Forex / Asia news

LONDON (Thomson Financial) - The dollar's gains from a strong US labour report petered out as the market appeared to return to its long-term view that interest rates are not going higher in the US.The greenback gained an solid boost against most currencies after the key non-farm payrolls report came in solid, the latest in a recent string of healthy data on the US economy...

LONDON (Thomson Financial) - The dollar continued to trade in a tight range against major currencies as the market awaited guidance from the crucial US labour market report later today.The data will provide further signs on the progress of the US economy following some strong data this week, and a continuation of the positive trend could well help the US currency gain some lost ground...

PARIS (Thomson Financial) - The OECD said its composite leading indicator rose to 110.1 in May from a revised 109.6 in April.The April figure was previously given as 109.9.The OECD said analysis of the CLI data points to continued moderate growth in the advanced economies in the period ahead...

NEW DELHI (Thomson Financial) - India's wholesale inflation rate jumped by a surprise tenth of a percentage point in the latest survey week, fuelled by higher food prices, but it still remains at a 14-month low, official data showed Friday.The wholesale price index, India's most closely watched cost-of-living monitor, showed inflation rose to 4...

TOKYO (Thomson Financial) - Companies based in or near the western Japanese city of Osaka are increasingly worried that the yen might suddenly strengthen, a senior official of the Bank of Japan said Friday.Osaka is part of a region where major exporters of electronics, such as Matsushita Electric Industrial Co and Sharp Corp have their headquarters...

TOKYO (Thomson Financial) - Japanese government bond prices closed lower Friday, after poor performances Thursday by their European and US counterparts dulled the appetite of investors.Investors were also cautious while they waited to see the US jobs data for June, due to be released later Friday, and their effect on the prices of US Treasury bonds...

MANILA (Thomson Financial) - The Philippines' gross international reserves rose to 26.4 billion US dollars at the end of June from25.6 billion dollars in May, helped by the central bank's dollar purchases on the spot currency market, itsaid Friday.The foreign reserves level at the end of last month is near the high end of the central bank's forecastrange of 26...

TOKYO (Thomson Financial) - Japan's nine regional economies remain on the road to recovery, supported by upbeat corporate andhousehold sectors, according to the quarterly survey by Bank of Japan branch managers released onFriday."According to reports from each of the nine regions in Japan, the economy as a whole expanded moderately as all regions remained on an expansionary or recovery trend, although there were regional differences," the BoJ said in its quarterly survey, repeating its assessment made three months earlier...

SYDNEY (Thomson Financial) - The US dollar was little changed against the yen and euro halfway through the Asian trading session Friday as currency markets awaited new direction from the release later in the day of the US non-farm payrolls report for June...

TOKYO (Thomson Financial) - Japanese government bond prices ended Friday's morning session mostly lower as market sentiment remains depressed following the weak bond market performance in the Euro zone and the US overnight.Investors remained cautious as they waited for US Treasuries' reaction to the employment report there for June later today and the Bank of Japan's decision on interest rates next week...

SINGAPORE (Thomson Financial) - Oil prices were mixed in Singapore morning trade Friday as fresh violence in African crude oil producer, Nigeria, overshadowed news of an increase in US gasoline (petrol) inventories, dealers said.At 10:25 am (0225 GMT), New York's main oil futures contract, light sweet crude for delivery in August, was one cent higher at 71...

TOKYO (Thomson Financial) - Japan's foreign exchange reserves rose to 913.57 billion US dollars at the end of June from 911.14 billion dollars in May, the Ministry of Finance said.Despite the increase, the level was still below the all-time high of 915...

TOKYO (Thomson Financial) - Bank of Japan governor Toshihiko Fukui reiterated Friday that the Japanese economy is expanding moderately and deflationary pressure is easing.In a speech at the latest quarterly meeting of BoJ branch managers, which began today, Fukui said the economy was continuing on its moderate growth path supported by rising exports, brisk corporate activity and solid consumer spending...

TOKYO (Thomson Financial) - Public support for Japanese Prime Minister Shinzo Abe slid further in the wake of his defence minister's resignation, which came just weeks ahead of a key election, a poll showed on Friday.The approval rating for his cabinet fell by 2...

SYDNEY (Thomson Financial) - The US dollar was up slightly against the yen and euro in early Asian session Friday, adding to gainson Thursday following the release of stronger-than-expected US service sector survey and employmentindicator for June.Elsewhere, the Bank of England raised its key rate by 25 basis points to 5...

WASHINGTON (Thomson Financial) - An increasing number of US companies and industry groups are trying out a new trade weapon in the hopes of blunting China's access to the US market: anti-subsidy cases that could lead to new US duties on imports.Four new anti-subsidy cases were filed against China last month, soon after the US Commerce Department decided it can take on these sorts of cases, and Washington lawyers say more petitions should be expected...

LONDON (Thomson Financial) - The dollar found a late boost in an event filled day after a stronger-than-expected report on the US service sector.The news helped push the euro under 1.36 usd, offsetting the effects of some of the hawkish talk arising from the European Central Bank earlier in the day...

LONDON (Thomson Financial) - The pound climbed following the Bank of England's rate hike while the euro remained steady as rates were kept on hold in the 13-nation single currency zone, with markets awaiting the European Central Bank's press conference...

GUATEMALA CITY (AP) - "The captain" delivered in the clutch for Russia.The personal appeal and power of Russian President Vladimir Putin swayed just enough votes among Olympic leaders Wednesday to bring his nation its first Winter Olympics -- bitterly disappointing South Korea and Austria...

JAKARTA (Thomson Financial) - The Indonesian government expects the economy to have grown at a rate of 6-6.1 percent year-on-year in the first half and the growth pace to accelerate to 6.4-6.6 percent in the second half, Finance Minister Sri Mulyani Indrawati said...