Breaking News

Yen slips on weak exports; Euro steadies ahead of ECB meeting.

News Date: 21/10/2015 01:11:34

 Asian shares rose on Wednesday despite data showing Japanese exports weakening due to China's flagging demand. Traders saw the weak data as a sign Bank of Japan would ease its policy further. Japan's Nikkei rose a robust 228 points, or 1.26% to 18,435. China's Shanghai rose 0.39%. Australia's S&P\ASX 200 rose 0.30%. Korea's KOSPI rose 0.31%. India's Nifty rose 0.21%.


Oil prices eased ahead of the weekly U.S. crude oil inventories report, forecast to have grown 3.5M, but traders worry of a more expanded build-up reflecting a persisting supply glut in the market. Brent crude futures fell 12 cents, or 0.26% to $48.56 a barrel. U.S. oil futures fell a further 26 cents, or 0.56% to $46.03 a barrel.


Yen extended its fall against the main currencies after the weak exports data. It fell for the fifth session against the dollar to a one-week low at 119.95. Against Sterling it slid to 185.26. Against Euro it fell to a six-day low at 136.27.


Euro was steady on Wednesday ahead of tomorrow's ECB policy meeting. Data released earlier showed credit and bank lending at a healthy state, dampening expectations of further easing. Euro rose against dollar to 1.1359. Against Sterling it rose to 0.7354.


Canadian dollar erased what it lost after Liberals won elections, trading at 1.2970 against U.S. dollar. Australian dollar also rose, trading at $0.7271.


Gold was little changed in early trading, falling half a dollar, or 0.04% to $1,177 an ounce. Silver fell 4 cents, or 0.22% to $15.86 an ounce.


Loonie traders will be waiting for Bank of Canada's policy meeting today, BOC is expected to leave the overnight rate unchanged at 0.50%.        


Latest news

Concerns about a lack of oil production and rising inflation have multiplied, after OPEC + announced the largest supply cut since 2020 before the European Union banned Russian energy, which caused a
10-2022 06 05:42:21

Crude oil futures declined. According to the New York Stock Exchange, crude oil futures were traded in November at a price of 86.12 dollars a barrel, ie, it decreased by 0.46%. And in light of OPEC
10-2022 05 04:16:02

The US dollar fell to its lowest level in two weeks at the beginning of trading on Tuesday, due to the high risk sentiment, while the sterling pound maintained its recent gains after the British gove
10-2022 04 07:12:28

Japanese stocks opened today’s trading on a positive note, dragging its indices to the upside, especially chips and energy stocks. So, the Nikkei index rose by 1.07% to reach 26,215.79 points,
10-2022 03 03:36:24

Wall Street closed yesterday evening sharply lower, because of some economic concerns related to inflation, which could reflect negatively on the US economy, not also this, but also the investor's c
09-2022 30 03:07:57

More News