Thursday in Asia, the yen showed weakness against other major currencies as a gain in Tokyo stocks reduced demand for the safe-haven Japanese currency. At 11:34 pm ET, Japan’s benchmark Nikkei 225 index was up 106.22 points or 1% at 10,843.74. The yen fell to a 1-week low of 91.67 against the U.S. dollar in
The Chinese yuan rose to a 2-day high against the U.S. dollar during early Asian deals on Thursday on the back of encouraging economic reports from China . Industrial production in China increased 18% year-on-year in the fourth quarter, faster than the 12.4% rise in the previous quarter and the 9.1% growth in the second
Wednesday morning in Asia, the New Zealand dollar slid against its major counterparts following the Statistics NZ report showed that the Consumers Price Index for the quarter ending in December 2009 was down 0.2 percent from the previous quarter. The New Zealand dollar slumped to multi-day lows against the Australian and US dollars. For the
UK’s sterling continued to creep higher against its major rivals in early Asian trading on Tuesday as worries about Greece’s ability to reduce its budget deficit have put some pressure on the common currency, which may be driving traders to turn to the pound as safe haven. The pound surged to a fresh 4-month high
In early Asian deals on Monday, the pound advanced against its major counterparts as the property Web site Rightmove said today that U.K.’s house prices increased in January. The pound jumped to a fresh 4-month high against the euro and a 2-week high against the Swiss franc. The average asking price for a home in
