The dollar fell while safe-haven yen rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions.
The safe-haven Japanese yen firmed. The yen rose 0.3% to 107.79 per dollar. Against a basket of currencies, the dollar edged lower to 98.16.
Beyond oil, currency markets are awaiting the outcome of central bank meetings in the U.S. and Japan this week and economic data in Australia and New Zealand that could determine the rates outlook in the Antipodes.
As for the Bank of Japan's policy decision on Thursday, a third of economists polled expect stimulus to be ramped up. But sources say it may be a close call as policymakers wait till the last minute to assess market reaction to the Fed's decision hours earlier. Japanese markets are closed on Monday for a public holiday.
14 Oct 2019 06:00 PM
India’s retail inflation rate rose to 3.99% in September, driven by higher food prices, the government said on Monday, close to the central bank’s 4% medium-term inflation target, after an interval of 13 months.
14 Oct 2019 05:22 PM
The Indian rupee closed at over three-week low against the dollar, following a report that said China wanted further trade talks before
14 Oct 2019 04:28 PM
Indian equity indices ended higher on Monday, buoyed by auto and real estate stocks, as investors awaited headline inflation data due later in the evening.
14 Oct 2019 03:28 PM
The euro is trading little changed around $1.1030. Markets are digesting the U.S.-Sino handshake deal that prevents new US tariffs that were planned for Tuesday.
14 Oct 2019 02:24 PM
The dollar held near a 2-1/2-month high against the yen on Monday on signs of progress in U.S.-China trade talks, while sterling's rally ran out of steam after touching a 3-month peak on hopes for an orderly British exit from the European Union.
14 Oct 2019 02:13 PM
The British pound fell against the U.S. dollar on Monday in Asia despite renewed Brexit hopes. The greenback inched up amid positive trade progress with