The Japanese yen edged down across the board in early Asian trading on Wednesday as regional shares rose after the news that Japanese Prime Minister Yukio Hatoyama stepped down from office. Democratic Party of Japan’s Secretary-General Ichiro Ozawa also has stepped down, according to reports. Hatoyama’s resignation comes amid plunging public support for his Cabinet,
During early Asian deals on Wednesday, the Aussie edged up against other major currencies as a report showed that the Australian economy grew in the first quarter of 2010. The Aussie thus recouped most of the losses it incurred in New York session yesterday. Australia’s economy grew by a seasonally adjusted 0.5% between January and
Monday morning in Asia, the New Zealand dollar edged up against other major currencies as a rise in most Asian stocks increased demand for higher-yielding currencies. Hong Kong’s Hang Seng climbed 0.3%, China’s Shangai composite index soared 0.2%, New Zealand’s NZX 50 index rose 0.3%, South Korea’s Kospi gained 0.3% and Taiwan’s main index jumped
Wednesday during early Asian deals, the New Zealand dollar slipped against the currencies of US, Europe and Japan despite a rise in most Asian stocks. The kiwi thus eased from a 2-day high against the yen. On the other hand, the kiwi recovered slightly from a 6-day low against the aussie. The New Zealand stock
The euro extended yesterday’s downtrend against its major rivals on Tuesday in Asia as the Spanish Government’s decision to nationalise an ailing bank CajaSur fueled concerns about the strength of the European economy. The Bank of Spain unveiled a rescue plan over the weekend for regional savings bank CajaSur, which could cost up to 2.7
