Forex - US dollar weaker vs yen, euro in Singapore afternoon trade |
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Wed, 10 Jan 2007 09:27
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SINGAPORE (XFN-ASIA) - The US dollar was weaker against other major currencies in afternoon trading here, but off its lows against the yen for the Asian session, dealers said.At 3.18 pm here (0718 GMT), the dollar was at 119.25 yen, down from 119.35 yen in Sydney just over four hours earlier. The euro was at 1.2984 usd, up from 1.2963 usd in Sydney.Dealers said the dollar had seen some late afternoon selling against the yen, which had pushed the pair down to an intra-day low of 119.15 yen.This came after the pair's earlier rebound from 119.25 yen ran into stiff resistance at 119.50 yen, putting the pair under pressure since around midday here.Some dealers said repeated speculation about strong offers from 119.60 yen had rattled the market a bit and that this, coupled with selling interest linked to a 120.00 yen option, had nudged players to unload positions before the start of the European session.The euro also made a slight recovery against the yen.Looking ahead, the only important data due to be released in the US later today are the trade balance figures for November.According to a Market News International survey, the trade gap is expected to have widened again in November, but only slightly to 60.0 bln usd from 58.9 bln usd the month before, as energy prices finally stabilized after falling in September and October.Singapore 3.18 pm (0718 GMT) Sydney 2.15 pm (0315 GMT)US dollaryen 119.25 down from 119.35sfr 1.2416 down from 1.2439Eurousd 1.2984 up from 1.2963yen 154.85 up from 154.70sfr 1.6120 down from 1.6124stg 0.6699 up from 0.6697Sterlingusd 1.9376 up from 1.9353yen 231.08 up from 230.97sfr 2.4060 down from 2.4072Australian dollarusd 0.7806 up from 0.7796stg 0.4028 up from 0.4027yen 93.09 up from 93.035singapore@xfn.com
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Forex - US dollar continues rise in Sydney morning trade on lower oil prices 