Updated on
Summary The dollar was mixed against other Asia-Pacific currencies.
The euro was mixed in Asian trade on Monday after Spanish Prime Minister Mariano Rajoys right-leaning party retained power in his home region despite questions about Madrids ability to fix its finances.The single currency bought $1.3037 and 103.46 yen in Tokyo, against $1.3067 and 103.31 yen in New York late Friday.The dollar was almost flat at 79.32 yen, despite worse-than-expected Japanese trade figures as investors look to a US Federal Reserve meeting later this week.The Popular Partys win on Sunday in Galicia means Rajoy has avoided political humiliation in a traditional stronghold, which would have undermined his standing as he tries to convince markets that he can fix Spains finances.The win in the regional election will make it easier for Rajoys party to tap the eurozones new permanent bailout fund, and will be a factor to support the euro, said Masafumi Yamamoto, chief currency strategist at Barclays Capital.The dollar gained on the euro on Friday after EU leaders decided to delay eurozone bank supervision until next year as markets continue to search for a comprehensive fix for the regions woes.Markets will be eyeing any shift in the US central banks outlook after this weeks Fed meeting, as the worlds biggest economy hasshown signs of a rebound.On Monday, Japan posted its worst September trade figures in more than three decades, with a monthly trade deficit of 558.6 billion yen.The dollar was mixed against other Asia-Pacific currencies.It stood at 41.42 Philippine pesos in Tokyo, against 41.41 pesos on Friday.It rose to 53.74 Indian rupees to 53.63 rupees, to Sg$1.2205 from Sg$1.2196 and to 30.74 Thai baht from 30.68 baht while falling to 9,620 Indonesian rupiah from 9,653 rupiah and to 1,104.65 South Korean won from 1,105.85 won.The dollar was unchanged at Tw$29.25.The Australian dollar bought $1.0322 compared with $1.0365, while Chinas yuan changed hands at 12.66 yen against 12.69 yen.
