Yen falls as Japanese investors eye overseas assets

A weaker yen means lower sourcing costs for the 759 snack store chain, which is operated by CEC International. Photo: Nora Tam

The Japanese yen yesterday fell to a 4-1/2-year low to trade at more than 100 to the US dollar. The key level was breached after speculation that Japanese institutional investors were buying overseas assets in search of higher returns.

Saturday, 11 May, 2013, 4:23am

Dollar, euro gain in Asian trade after China PMI

Photo: AFP

The dollar and euro climbed against the yen in Asia on Thursday as positive Chinese manufacturing data boosted risk sentiment, while traders were also looking ahead to a crucial US jobs report.

The dollar climbed back above the 80 yen mark, fetching 80.04 yen in afternoon Tokyo trade, up from 79.78 yen in New York late Wednesday.

1 Nov 2012 - 2:20pm

Bank injections battle to rein in HK dollar

The Monetary Authority pumped HK$1.937 billion into the city's banking system late on Friday - the fifth injection in a week - in a bid to peg back a rise in the Hong Kong dollar and keep it within official trading limits against the US dollar.

9 Nov 2008 - 12:00am

Stronger foreign currencies may hit gourmets in pocket

Enjoying an Australian steak or a glass of French wine could cost about 5 per cent more by the end of the year because of the rise in those nations' currencies.

Nick Pegna, managing director of wine dealers Berry Brothers & Rudd, said prices could creep up by as much as 5 per cent by Christmas given the euro's strength against the US dollar.

6 Aug 2007 - 12:00am

Canada glossary

Avoid confusing a cougar with a prairie oyster with this guide

Canuck Slang for a Canadian. Use of this word by Canadians is widespread and acceptable, but use by a non-Canadian can give the wrong impression

Chesterfield Couch or sofa

Clicks Kilometres

Cougar Forty-something woman on the hunt for a younger man

1 Jul 2007 - 12:00am

Keep HK dollar pegged; if it's not broken, don't fix it

'The government should consider pegging the Hong Kong dollar to the yuan when the mainland currency becomes fully convertible, former financial secretary Antony Leung Kam-chung said yesterday.'

SCMP, June 10

12 Jun 2007 - 12:00am

Gaining strength

1980: The yuan officially trades at 1.5 to the US dollar, or HK$3.23 per yuan, and the currency depreciates after the mainland embarks on its open-door policy

October 1983: Hong Kong dollar is pegged at US$7.8

End of 1992: Yuan once reaches parity with Hong Kong dollar in the swap market

12 Jan 2007 - 12:00am

450 Sq Ft

IdN Gallery

Ends Jul 31

13 Jul 2006 - 12:00am


Jake van der Kamp

(Financial columnist)

1. Gold's value was rooted in the fact that it is lustrous, malleable and does not rust. These qualities are no longer rare. Gold is just another commodity now

2. Gold's real uses are too few, its supply is no longer a match for economic development and its ownership too narrow for a medium of exchange

2 Oct 2005 - 12:00am


An article by Philip Bowring, 'The time is ripe for a regional currency revolution as the US dollar takes a dive', which appeared last Monday on page 13, should have said that China is investing in US dollars instead of investing in domestic projects. SCMP regrets introducing an error into the story.

6 Jan 2003 - 12:00am

The peso pariah

Argentina is bankrupt and effectively cut off from the international financial system. Abandoning its 10-year-old one-to-one currency peg to the US dollar was inevitable and arguably should have been done 18 months ago. Recovery depends on political leadership and shared sacrifice.

8 Jan 2002 - 12:00am

Fifty years ago

WASHINGTON (September 13): AGREEMENTS reached by the three powers in the dollar talks will be embodied in a communique which was to be issued yesterday.

The communique is expected in official British quarters to do much to re-establish world confidence in Sterling and check the dangerous drain on the United Kingdom's gold and dollar reserves.

12 Sep 1999 - 12:00am

Wrong screw turns for low-end hi-tech sense

It is interesting to see that in Singapore, they want a little currency weakness again to help themselves out of an export slump.

20 Jan 1999 - 12:00am

New samurai bond gives aussie boost

Most regional currencies ended mixed against the US dollar last week, although the Singapore dollar and the South Korean won took sharp dives.

The Australian dollar edged up 0.23 US cent over the week despite being speared by the US interest rate rise.

31 Mar 1997 - 12:00am

Making a big deal of work

Stanley Leung Wai-pong, 49, is a dealer on the South China Foreign Exchange market. He has been in the trade for more than 20 years and still enjoys the work, which he says brings him satisfaction. He is married and has a 13-year-old son. He has been a dealer for his present firm in the Bank of China Building for three years.

10 Jul 1996 - 12:00am