Dollar mixed as traders mull Fed chief's comments
Wednesday, 22 July 2009
TOKYO, July 21 (AFP): The dollar was mixed in Asian trade today after the Federal Reserve signalled that it was unlikely to end its extraordinary pump-priming measures any time soon, dealers said.
The dollar eased to 93.94 yen in Tokyo afternoon trade from 94.21 in New York late Monday. The euro slipped to 1.4206 dollars from 1.4233 and to 133.44 yen from 134.10.
Investors were looking ahead to another batch of earnings reports from US firms for any signs of a turnaround in the ailing construction industry in the wake of surprisingly upbeat housing data.
Market players were relieved that troubled US lender CIT Group reached an emergency loan agreement worth three billion dollars with a group of its main bondholders to avoid bankruptcy.
Against Asian currencies, the dollar fell to 1.4422 Singapore dollars from 1.4445 a day earlier, to 10,054 Indonesian rupiah from 10,106, to 32.78 Taiwan dollars from 32.82 and to 34.01 Thai baht from 34.03.
At the same time it rose to 1,250.9 South Korean won from 1,250.1 and to 48.09 Philippine pesos from 47.97.
The dollar eased to 93.94 yen in Tokyo afternoon trade from 94.21 in New York late Monday. The euro slipped to 1.4206 dollars from 1.4233 and to 133.44 yen from 134.10.
Investors were looking ahead to another batch of earnings reports from US firms for any signs of a turnaround in the ailing construction industry in the wake of surprisingly upbeat housing data.
Market players were relieved that troubled US lender CIT Group reached an emergency loan agreement worth three billion dollars with a group of its main bondholders to avoid bankruptcy.
Against Asian currencies, the dollar fell to 1.4422 Singapore dollars from 1.4445 a day earlier, to 10,054 Indonesian rupiah from 10,106, to 32.78 Taiwan dollars from 32.82 and to 34.01 Thai baht from 34.03.
At the same time it rose to 1,250.9 South Korean won from 1,250.1 and to 48.09 Philippine pesos from 47.97.