Wait...
  1. Home >
  2. Export Import News >
  3. Economy News >
  4. Yen near this year's lows as risk appetite improves >
  5. Yen near this year's lows as risk appetite improves

Online Export Import Data Search

recentSearch
Complete Training Video : Click Here

Yen near this year's lows as risk appetite improves.


Date: 15-04-2019
Subject: Yen near this year's lows as risk appetite improves
TOKYO: The yen hovered near its lowest level this year on Monday as more signs of stabilisation in the Chinese economy and an upbeat start to the US earnings season prompted investors to abandon the safe-haven currency to seek higher returns elsewhere. 

The dollar firmed to 112.02 yen, near Friday's high of 112.10, which was near its year-to-date high of 112.135 touched in early March. 

The safe-haven Swiss franc has also eased against the euro, which strengthened to 1.1329 franc, recovering its losses made late last month to hit a three-week high on the franc. 

The common currency traded at $1.1304, keeping intact its slow recovery from $1.1183 touched on April 2. It rose to as high as $1.1324 on Friday. 

Chinese data published on Friday showed exports rebounded sharply and new bank loans increased far more than expected in March. 

Although China's imports remained weak, the data on the whole cemented hopes that the Chinese economy is bottoming out after a soft patch as Beijing has curbed de-leveraging efforts and stepped up support for the economy in recent months. 

US stocks also rallied on Friday on strong earnings from JPMorgan and an 11.5-per cent jump in Walt Disney Co on news that it will start streaming services. 

The S&P 500 index has reached its highest level in six months, coming within sight of testing a record high marked in September last year. 

The more positive mood helped offset any concerns about upcoming trade talks between the United States and Japan, in which Washington is expected to include a currency provision in a bilateral trade agreement. 

"We are seeing a classical risk-on market," said Minori Uchida, chief currency analyst at MUFG Bank. 

But Uchida also believes the dollar's upside may be limited, given that speculators have already built up large long positions in the US currency. 

Data from US watchdog on Friday showed speculators bolstered their net long US dollar position in the latest week, pushing it to the highest since December 2015. 

Against the yen, their net dollar long position was at the highest in about three months. 

Elsewhere, the Australian dollar stood at $0.7173, having hit a 1-1/2-month high of $0.71925. 

The British pound fetched $1.3080, stuck in its recent trading range as fears of a no-deal Brexit have receded for now. 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 20-08-2019
Notification No. 36/2019 – Central Tax
Seeks to extend the date from which the facility of blocking and unblocking of e-way bill facility as per the provision of Rule 138E of CGST Rules, 2017 shall be brought into force to 21.11.2019.

Date: 19-08-2019
PUBLIC NOTICE No. 26/2015-2020
TRQ quota for import of 30,000 MT of crude soya oil from Paraguay under India- Mercosur Trade Agreement is notified.

Date: 16-08-2019
A.P. (DIR Series) Circular No. 06
Foreign Exchange Management (Deposit) (Amendment) Regulations, 2019 – Acceptance of Deposits by issue of Commercial Papers

Date: 14-08-2019
Notification No.60/2019 - Customs (N.T.)
Exchange Rates Notification No.60/2019-Custom(NT) dated 14.08.2019.

Date: 14-08-2019
Notification No. 61/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

Date: 14-08-2019
PUBLIC NOTICE NO. 25/2015-2020
Modification of Para 4.12(vi) of HBP and addition of Appendix 4P to Hand Book of Procedures 2015-20 – reg.

Date: 13-08-2019
Notification No.59/2019 - Customs (N.T.)
Exchange Rates Notification No.59/2019-Custom(NT) dated 13.08.2019.

Date: 13-08-2019
Instruction No. 03/2019-Customs
Recovery of Export benefits given under incentive and Reward Schemes under Chapter 3 of FTP on re-import of export goods.

Date: 10-08-2019
NOTIFICATION No. 32/2019-Customs (ADD)
Seeks to impose anti-dumping duty on imports of "Homopolymer of vinyl chloride monomer (suspension grade)" originating in or exported from China PR and USA for 30 months with effect from 13th August, 2019, in pursuance of SSR investigation by DGTR.

Date: 08-08-2019
Notification No. 57/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001