U.S. dollar mixed on Asian marts<\/p>\n
SINGAPORE (AFP): The U.S. dollar finished stronger in
\nSingapore trading yesterday despite some profit-taking after it
\nclawed back from historic lows to recover against the yen and the
\nmark, dealers said.<\/p>\n
The greenback, however, was mixed against currencies of the
\nmajor Southeast Asian economies, dropping against the Malaysian
\nringgit and the Singapore dollar and closing slightly higher
\nagainst the Thai baht and Indonesian rupiah.<\/p>\n
The U.S. dollar rose to 86.6 yen from Singapore's opening
\nlevel of 86.2 yen and 1.443 marks from 1.431 marks.<\/p>\n
"The dollar ended firmer on heavy short-covering. It was
\nboosted by some good buying of the British pound against the
\nGerman mark," said a dealer with Banque Nationale de Paris.<\/p>\n
"Also, confirmation of trade sanctions by U.S. on Japan is
\nseen as reducing the U.S. trade deficit and thus is perceived as
\ngood for the dollar," the dealer said.<\/p>\n
The United States was to release yesterday a list of Japanese
\nproducts earmarked for sanctions which it hopes will prod Tokyo
\ninto widening its market access to American automobiles and auto
\nparts.<\/p>\n
The dollar was also higher at 5.078 French franc while the
\nBritish pound dropped to US$1.565 from $1.5725.<\/p>\n
Against the regional currencies, the greenback dropped to
\n2.486 Malaysian ringgit from 2.494 on Friday and to S$1.404 from
\nS$1.412. Monday was a market holiday in Singapore.<\/p>\n
The dollar, however, was up slightly to 24.73 Thai baht from
\n24.72, and 2,228 Indonesian rupiah from 2,226.<\/p>\n
In Tokyo, the dollar fell back in the absence of incentives on
\nthe Tokyo foreign exchange market yesterday.<\/p>\n
The greenback was quoted at 86.30-86.33 yen in late afternoon
\ntrading, against 87.15-87.20 yen the previous day here and 86.35
\nyen quoted in New York late Monday.<\/p>\n
The mark was quoted at 1.4325-1.4328 to the dollar in late
\nafternoon trading here yesterday, compared with Monday's 1.4523-
\n1.4526.<\/p>\n
Europe<\/p>\n
The dollar got back on an uptrend against the German mark in
\nmid-session yesterday on the London foreign exchange market in
\nthe wake of some early weakness, while sterling was narrowly
\nmixed.<\/p>\n
In the early afternoon, the dollar was trading at 1.4520 marks
\ncompared with 1.4400 in the early morning and 1.4460 Monday
\nevening in London. Traders said the greenback was helped
\nprimarily by some buying by U.S. investment funds.<\/p>\n
In the early afternoon, the dollar was trading at 1.4520 marks
\n(against 1. 4460 Monday evening in Paris), 86.95 yen (86.65),
\n1.2135 Swiss francs (1.2100), and 5.0950 French francs (5.0625).<\/p>\n
Sterling stood at $1.5620 (1.5662), 2.2660 marks (2.2648),
\n135.82 yen (136.03), 1.8955 Swiss francs (1.8952), and 7.9584
\nFrench francs (7.9291).<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/us-dollar-mixed-on-asian-marts-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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