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.
18 Feb 2020 04:36 PM
Indian shares fell on Tuesday, tracking losses in global peers after technology giant Apple and lender HSBC flagged business impact from the coronavirus outbreak in China.
18 Feb 2020 01:04 PM
The Indian rupee traded lower at 71.45/71.46 per dollar, against 71.2850/71.2950 yesterday, as the Chinese yuan declined to its key 7 per dollar mark amid coronavirus worries that kept risk appetite weak.
18 Feb 2020 11:46 AM
Indian shares tracked Asian peers lower on Tuesday, as a revenue warning from tech giant Apple Inc signalled mounting financial fallout on businesses from the coronavirus epidemic in China.
18 Feb 2020 11:20 AM
China's yuan declined on Tuesday to near the key 7-per-dollar level as concerns over the economic impact from a fast-spreading coronaviurs outbreak and expectations for further monetary easing steps heaped pressure on the local currency.
18 Feb 2020 10:49 AM
Gold rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc's revenue warning underscored the financial fallout of the coronavirus epidemic in China.
18 Feb 2020 10:20 AM
The Indian rupee was lower against the dollar amid a further decline in local equities after Apple’s revenue warning prompted investors to shun risk assets. The rupee was last quoted at 71.3750 against 71.29 at 5.00 p.m. yesterday.