Euro up against US dollar in Asia

The euro rose against the dollar in Asia Friday after France's assurance that a bailout deal for Greece would be reached in three days as Spanish bond sales exceeded targets, analysts said.

The euro bought $1.2886 in afternoon trade from $1.2875 in London Thursday. The single currency slipped to 105.95 yen from 106.22 yen. The US dollar fetched 82.22 yen from 82.42 yen.

The euro was boosted by "a Spanish bond auction that raised more than planned while yields edged down", IG Markets said in a report.

"Traders also warmed to the idea that Greece would be given a fresh injection of cash next week," the report added.

The Spanish Treasury sold 3.88 billion euros of three-, five- and nine-year bonds in a standard auction, the central bank said Thursday, while the government said private investors bought 3.27 billion euros in bonds due in 2017.

Demand on the market for the three- to nine-year bonds exceeded the Treasury's target, in a sign of easing tension over debt-saddled Spain's financial strength.

The single currency was also boosted by comments Thursday by French Finance Minister Pierre Moscovici that a deal on Greek debt would be reached on Monday.

"We seem to be poised to fulfill the conditions for a lasting exit from the eurozone crisis," Moscovici told France's Senate after returning from talks in Brussels aimed at unblocking bailout funds for debt-stricken Greece.

He said that although eurozone finance ministers failed to reach a final deal during the talks, "we will as of Monday".

The dollar was mixed against Asian currencies, gaining to Tw$29.16 from Tw$29.13 late Thursday, to 55.33 Indian rupees from 55.14 rupees and to 1,086.63 South Korean won from 1,084.70 won.

But it slipped to Sg$1.2245 from Sg$1.2247, to 41.05 Philippine pesos from 41.09 pesos and to 9,632 Indonesian rupiah from 9,642 rupiah. It was unchanged at 30.71 Thai baht.

The Australian dollar changed hands at $1.0394 against $1.0382, while China's yuan bought 13.19 yen from 13.22 yen.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2525+0.0002+0.02%
    USDSGD=X
    1.7299-0.0004-0.02%
    EURSGD=X
    2.1044+0.0003+0.01%
    GBPSGD=X
    81.8770+0.0947+0.12%
    SGDJPY=X
    6.1905-0.0015-0.02%
    SGDHKD=X
    2.5951+0.0096+0.37%
    SGDMYR=X
    9,127.7803+8.918+0.10%
    SGDIDR=X
    4.9759+0.0055+0.11%
    SGDCNY=X
    1.1702+0.0014+0.12%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,285.90-8.00-0.62%
    GCM14.CMX
    19.35-0.24-1.23%
    SIK14.CMX
    89.13-1.05-1.16%
    ^XAU
    3.040.00-0.13%
    HGK14.CMX
    103.71+0.34+0.33%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.02
    ^FVX
    2.70-0.02
    ^TNX
    3.49-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113-0.002-1.74%
    B22.SI
    0.135+0.010+8.00%
    545.SI
    2.190.0000.00%
    JS8.SI
    0.605-0.005-0.82%
    E5H.SI
    0.143+0.004+2.88%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.040+18.60%
    5UE.SI
    0.345+0.045+15.00%
    5DS.SI
    0.18+0.020+12.50%
    T16.SI
    0.19+0.016+9.20%
    540.SI
    0.138+0.011+8.66%
    J74.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.17-0.030-15.00%
    5WD.SI
    0.118-0.014-10.61%
    S71.SI
    0.123-0.013-9.56%
    5FI.SI
    0.20-0.020-9.09%
    D6U.SI
    0.29-0.025-7.94%
    O08.SI