Daiwa

23 Apr 19
Pakistan News Urdu Fast

Samsung is retrieving all Galaxy Fold samples distributed to reviewers, a person with direct knowledge of the matter said on Tuesday, as the firm smarts from the reputational blow of postponing the launch of its first foldable smartphone. The South Korean tech giant met with embarrassment ahead of the device’s U.S. release on April 26, […]

23 Apr 19
Pakistan News Shows, Debates and Discussion

SEOUL: Samsung is retrieving all Galaxy Fold samples distributed to reviewers, a person with direct knowledge of the matter said on Tuesday, as the firm smarts from the reputational blow of postponing the launch of its first foldable smartphone. The South Korean tech giant met with embarrassment ahead of the device’s U.S. release on April […]

23 Apr 19
The Frontier Post

TOKYO (AFP/APP): Chinese stocks started the week on a positive footing Monday but trade was lacklustre with many major global markets closed for Easter and Japanese shares drifted lower. The benchmark Shanghai Composite Index appeared to gain some traction from comments by Chinese policymakers reiterating support for the economy at a meeting of top officials […]

22 Apr 19
Delia

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22 Apr 19
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22 Apr 19
Delia

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22 Apr 19
THE OPEN VIEW

Chinese stocks closed lower Monday on speculation authorities would limit monetary policy easing after signs of stabilisation in Asia’s top economy but trade was lacklustre with many markets closed for Easter. After initially opening on a positive footing, the benchmark Shanghai Composite Index closed down 1.70 percent, or 55.76 points, to close at 3,215.04. The […]

22 Apr 19
UPHINDIA

Tokyo: Chinese stocks started the week on a positive footing Monday but trade was lacklustre with many major global markets closed for Easter and Japanese shares drifted lower. The benchmark Shanghai Composite Index appeared to gain some traction from comments by Chinese policymakers reiterating support for the economy at a meeting of top officials last […]

22 Apr 19
The Siasat Daily

Tokyo: Chinese stocks started the week on a positive footing Monday but trade was lacklustre with many major global markets closed for Easter and Japanese shares drifted lower. The benchmark Shanghai Composite Index appeared to gain some traction from comments by Chinese policymakers reiterating support for the economy at a meeting of top officials last […]

22 Apr 19
MagaOneNews
Illustration photo of a U.S. Dollar note
A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration

April 22, 2019

By Daniel Leussink

TOKYO (Reuters) – The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the U.S. economy, though moves remained small as many investors were still away for the long Easter weekend.

Financial markets in Australia, Hong Kong and many major countries in Europe are closed on Monday for the Easter holiday. Currency trading continues globally but volume is expected to be light.

The dollar has found support in recent weeks on the back of a gradual rise in U.S. 10-year Treasury yields and signs of strength in the world’s top economy, including better-than-expected retail sales in March, following a weak start to the year.

“It’s better to say that the euro has been weak rather than that the dollar is strong,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities.

“Traders have mostly priced in the weakness of the euro zone economy by now,” Ishizuki said. “It’s a little bit difficult to see the euro weakening further from here, so I think it will be hard for the dollar to strengthen.”

The dollar index was last down a tenth of a percent at 97.369, drifting slightly lower after booking a 0.4-percent gain last week.

The index remained within striking distance of its 2019 high of 97.71 brushed in early March.

Investors’ immediate focus will be on U.S. existing home sales for March, due at 1400 GMT, for further cues on the health of the U.S. economy.

In February, U.S. home sales surged to their highest in 11 months, as the country’s housing market showed renewed momentum following a pause in interest rate hikes by the Federal Reserve.

The euro was a tad lower at $1.1244, adding to last week’s losses of nearly half a percent after data on Thursday showed that activity in Germany’s manufacturing sector shrank for a fourth straight month in April.

The pound was last down 0.05 percent at $1.2994, dipping below the $1.30 handle and nearly 0.4 percent off a two-month low of $1.2945 hit last month.

Against the Japanese yen, the dollar was 0.1 percent higher at 111.98 yen, within reach of this year’s peak of 112.17 hit on Wednesday last week.

Starting Saturday, Japan will have an unprecedented 10-day holiday from late April to early May to mark the ascension of the new emperor, Crown Prince Naruhito.

Daiwa’s Ishizuki said he expected currency trading by Japanese investors to remain relatively light as traders and companies are shifting into holiday mode.

(Editing by Jacqueline Wong)

Source: OANN

20 Apr 19
Goibniu

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20 Apr 19
World Site News

Tencent received approval for the test version of New Super Mario Bros. U Deluxe for the handheld device (Image source: Bloomberg)Nintendo Co shares jumped after China’s Tencent Holdings Ltd won approval to distribute one of the company’s games for its Switch console, a sign the Japanese company may benefit from growth in the world’s largest…

20 Apr 19
Archy news nety

Earlier this week, Sony announced that it was launching a taxi-app service in Japan. The Japanese have been lukewarm on the idea so far, with Uber and Line having tried and failed to capture this huge market. Sony, however, can win where the other has lost. Believe it or not, S. Ride's "S" is not […]

19 Apr 19
First for Credible News

It’s fun and flowers for Nintendo as its shares spike after China’s Tencent Holdings Ltd won approval to distribute one of the company’s games for its Switch console.  The increase in the value of shares is an indication Nintendo Co will benefit from growth in the world’s largest games market. Tencent received approval for the […]