During early Asian trading on Wednesday, the Australian dollar edged higher against its major rivals following a government report showed that Australia’s inflation in the fourth quarter rose more than analysts had predicted. The Australian Bureau of Statistics reported today that the consumer price index increased 0.5 percent in the fourth quarter from the previous
The U.S. dollar and the Japanese yen, which slipped in early Tuesday Asian deals reversed their direction around 8:35 pm ET and registered strong gains in late trading as a decline in most Asian stocks prompted investors toward safe-haven currencies. Most Asian stocks declined today despite the modest gains overnight on Wall Street. However, traders
Monday morning in Asia, the New Zealand dollar edged up against its major counterparts despite a slide in Asian stocks. Tracking cues from Wall Street where stocks declined sharply on Friday on concerns over the fallout of proposed stricter guidelines for banks, most Asian stocks dropped today. New Zealand’s benchmark NZX 50 index is currently
The Australian dollar edged higher against its major counterparts on Monday morning in Asia despite a slide in most Asian stocks and a weaker-than-expected fourth quarter producer prices data from Australia. Tracking cues from Wall Street where stocks declined sharply on Friday on concerns over the fallout of proposed stricter guidelines for banks,the Australian stock
The Japanese yen spiked higher across the board on Friday morning in Asia on the back of weak Asia-pacific stocks as risk aversion became more robust after President Barack Obama proposed tight new regulations for major banks. Obama said the proposed rules would close loopholes that allowed firms to trade in risky products without oversight,
