Arab Today, arab today dollar firms in asia after us inflation rise
Last Updated : GMT 06:48:57
Arab Today, arab today
Arab Today, arab today

Dollar firms in Asia after US inflation rise

Arab Today, arab today

Arab Today, arab today Dollar firms in Asia after US inflation rise

The Chinese yuan firmed to 17.53 yen from 17.49 yen
Tokyo - AFP

 The dollar firmed in Asia on Thursday after an unexpected rise in US inflation, while the euro struggled to recover as speculation swirls about further European Central Bank easing measures.
In Tokyo late afternoon trade, the dollar strengthened to 107.24 yen from 107.14 yen in New York late Wednesday.
The euro was at $1.2642 and 135.59 yen, against $1.2643 and 135.46 yen. The single currency is well down from $1.2820 and 136.54.
The Labor Department said Wednesday US consumer prices rose 0.1 percent in September, beating expectations for a 0.2 percent dip and easing worries about deflation. It also provides support for higher interest rates, which support the dollar.
The euro was unable to recover owing to rumours that the ECB could widen its asset-buying stimulus by including corporate bonds.
A news report on the issue Tuesday was followed Wednesday by a member of the ECB's decision-making governing council saying several colleagues had mentioned the idea, but that it had yet to be seriously discussed.
A wider ECB monetary base would pump more euros into the system, denting demand for the unit and sending its value lower.
"Moves in forex have again been led by further euro-dollar weakness as the ECB ‘corporate bond buying’ story refuses to die," National Australia Bank said in a note.
Credit Agricole said investors would be watching the release of purchasing managers indexes through the day, with expectations for weak readings that will hit appetite for higher-risk assets.
However, the first PMI release of the day from HSBC saw a slight uptick in Chinese activity. Readings from the eurozone and United States are due later in the day.
The dollar was mostly stronger against other Asia-Pacific currencies, climbing to 32.33 Thai baht from 32.31 baht on Wednesday, to Sg$1.2723 from Sg$1.2707, and to Tw$30.39 from Tw$30.37.
It also rose to 1,055.90 South Korean won from 1,052.77 won and to 61.26 Indian rupees from 61.22 rupees.
It was flat at 12,010.00 Indonesian rupiah and eased to 44.76 Philippine pesos from 44.78 pesos.
The Australian dollar weakened to 87.64 US cents from 87.88 cents while the Chinese yuan firmed to 17.53 yen from 17.49 yen.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar firms in asia after us inflation rise Arab Today, arab today dollar firms in asia after us inflation rise

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday