Stock Market

Story: Asian Currencies Drop as Japan Inflation Disappoints

By Maheen Hernandez

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Iran Tensions Shake Markets. The Iran situation keeps markets on edge with conflicting reports about possible deals or…

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Regional Currency Carnage. China's yuan hit a two-week low at 7.15 per dollar. The drop came after manufacturing data showed…

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Asian currencies took a beating Friday. Mixed signals from Iran tensions and Japan's weak inflation data sent traders scrambling for cover, with the yen leading losses after core…

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Japan's core CPI crawled up just 0.9% in February, way below the BOJ's 2% goal that officials have been chasing for years.

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Kuroda's been pretty clear about his stance. The central bank chief said they'll stick with their super-loose policy until inflation stays near target consistently, not just for…

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Oil markets can't figure out which way to go either. Prices jumped early then fell back as different news reports painted different pictures of Iran's nuclear talks.

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Some traders think the Iran stuff is overblown, but others aren't taking chances. "It's better to be safe than sorry when geopolitics gets messy," said one Hong Kong-based…

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China's yuan hit a two-week low at 7.15 per dollar. The drop came after manufacturing data showed production slowing down more than expected.

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India's rupee wasn't doing much better, sliding to 82.40 per dollar. The Reserve Bank of India is watching inflation closely after prices jumped 4.5% last month.

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Thailand's baht and Malaysia's ringgit both lost ground as regional worries spread. Central bankers across Southeast Asia face tough choices between supporting growth and keeping…

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Australia's dollar dropped to 0.6650 against the greenback. RBA Governor Philip Lowe said the bank is being careful about rate hikes given all the uncertainty floating around.

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Singapore's dollar dipped to 1.37 per US dollar despite the Monetary Authority's pledge to let the currency rise gradually.

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The Philippines peso weakened to 56.20 per dollar as inflation hit 4.5% in February. Bangko Sentral ng Pilipinas Governor Felipe Medalla said the central bank has tools ready to…

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Vietnam's dong held steady at 23,500 per dollar, bucking the regional trend. Deputy Governor Nguyen Thi Hong said the country's strong exports give them some protection against…

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Indonesia's rupiah slipped to 15,000 per dollar amid concerns about the government's budget.

The Currency Analytics

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