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Oil set to snap two-week losing streak on tightening supplies Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations of the OPEC+ group of oil producers extending output cuts to the end of the year. Major benchmarks rose slightly in early Asian trade, with the U.S. West Texas Intermediate crude (WTI) up 7 cents, or 0.1%, at $83.70 a barrel, while Brent crude was also up 7 cents at $86.90/bbl as of 0107 GMT. Analysts expect Saudi Arabia to extend a vol...
Oil set to snap two-week losing streak on tightening supplies
Oil set to snap two-week losing streak on tightening supplies
Source: Reuters
1/09/2023 9:18:52 AM
Oil falls on China worries despite tighter US supply Oil prices edged down in early trading on Wednesday, extending losses from a 1% drop in the previous session, as the lingering impact of weak economic data from China, the world's biggest oil importer, outweighed declining U.S. stockpiles. Brent crude futures fell 21 cents to $84.68 a barrel at 0249 GMT, while U.S. West Texas Intermediate crude (WTI) slipped 20 cents $80.79 a barrel. Both benchmarks had weakened to their lowest since Aug. 8 on Tuesday. "Concerns that China'...
Oil falls on China worries despite tighter US supply
Oil falls on China worries despite tighter US supply
Source: Reuters
16/08/2023 8:58:29 AM
Yen treads on intervention zone; kiwi, Aussie dlrs hit by China woes The yen languished near its weakest level in nine months on Wednesday and kept traders on alert for any signs of intervention, while mounting concerns over China's sputtering economy and gloomy outlook soured the mood in Asia. The offshore yuan struggled to break away from a nine-month low hit in the previous session, having slid to that level after a slew of Chinese data on Tuesday undershot forecasts, and prompted Beijing to deliver unexpected cuts to its key policy rates. It was ...
Yen treads on intervention zone; kiwi, Aussie dlrs hit by China woes
Yen treads on intervention zone; kiwi, Aussie dlrs hit by China woes
Source: Reuters
16/08/2023 8:51:02 AM
Dollar shaky after US credit rating downgrade The dollar struggled to make headway on Wednesday after a cut on the U.S. government's top credit rating by Fitch raised questions about the country's fiscal outlook, though it drew some support from a relatively resilient run of economic data. Rating agency Fitch on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of the debt ceiling crisis. That ...
Dollar shaky after US credit rating downgrade
Dollar shaky after US credit rating downgrade
Source: Reuters
2/08/2023 9:03:39 AM
Oil holds near three-month high on signs supply is tightening Oil price were little changed on Tuesday, trading near a three-month high reached on Monday, on signs of tightening global supply as producers implement output cuts and strong demand in the United States, the world's biggest fuel consumer. Brent crude futures for October were at $85.30 a barrel at 0135 GMT, down 13 cents or 0.15% lower from its close. Front-month Brent settled at its highest since April 13 on Monday. U.S. West Texas Intermediate crude was at $81.69 a barrel, down 0....
Oil holds near three-month high on signs supply is tightening
Oil holds near three-month high on signs supply is tightening
Source: Reuters
1/08/2023 8:48:10 AM
Gold hits 9-week high on weaker dollar, hopes of Fed rate pause Gold prices climbed on Thursday to a nine-week peak on a weaker dollar and bets that the U.S. Federal Reserve might soon hit pause on its interest rate hiking cycle. Spot gold was up 0.5% at $1,987.18 per ounce by 0325 GMT, its highest since mid-May. U.S. gold futures were up 0.4% to $1,988.80. "We are bullish gold from here as we are likely to reach the end of Fed rate hikes at the next FOMC (Federal Open Market Committee) meeting (26 July)," said Baden Moore, head of carbon ...
Gold hits 9-week high on weaker dollar, hopes of Fed rate pause
Gold hits 9-week high on weaker dollar, hopes of Fed rate pause
Source: Reuters
20/07/2023 9:18:46 AM
Stocks mixed, sterling weighed as UK inflation slows Stock markets were mixed on Wednesday with growth concerns dragging down China while elsewhere futures rose after British inflation came in surprisingly soft for once and U.S. data stoked hopes the world's biggest economy can avoid recession. Headline British CPI fell to 7.9% year-on-year in June, against expectations for 8.2%. Core inflation fell to 6.9% from a three-decade peak of 7.1%. Sterling dropped 0.6% to $1.2962 and FTSE futures rose 0.5%. Earlier MSCI's broadest index ...
Stocks mixed, sterling weighed as UK inflation slows
Stocks mixed, sterling weighed as UK inflation slows
Source: Reuters
19/07/2023 12:54:05 PM
Asia stocks split as US-China outlooks diverge Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities while shares gained in Japan and Australia after healthy U.S. company earnings and retail data added to hopes that a recession there can be avoided. Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower. Hotter-than-expected inflation lifted the New Zealand dollar a little and stoked some market nerves ahead of British CPI due later in the day. ...
Asia stocks split as US-China outlooks diverge
Asia stocks split as US-China outlooks diverge
Source: Reuters
19/07/2023 8:42:12 AM
Oil prices slip on global economic slowdown fears Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the U.S. Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts. Brent crude futures dropped 20 cents, or 0.3%, to $75.21 a barrel by 0044 GMT after settling up 0.8% on Friday. U.S. West Texas Intermediate crude was at $70.41 a barrel, down 23 cents, or 0.3%, after closing 1.1% higher in the previous session. Brent fell for the fourth straight ...
Oil prices slip on global economic slowdown fears
Oil prices slip on global economic slowdown fears
Source: Reuters
3/07/2023 8:41:43 AM
Dollar buoyant; yuan wobbles after China cuts lending benchmarks  The U.S. dollar rose broadly on Tuesday and notched a seven-month high against the yen, while the yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months. China on Tuesday lowered its one-year and five-year loan prime rates (LPR) by 10 basis points, as widely expected, as authorities seek to shore up a slowing recovery in the world's second-largest economy. The offshore yuan dipped slightly following the decision and was down more than...
Dollar buoyant; yuan wobbles after China cuts lending benchmarks
Dollar buoyant; yuan wobbles after China cuts lending benchmarks
Source: Reuters
20/06/2023 8:46:57 AM
Dollar steady as traders consider Fed, global rates outlook The dollar was on the back foot on Thursday, though it drew some support from higher U.S. Treasury yields as traders contemplated the possibility of another rate hike by the U.S. Federal Reserve, even if it pauses next week. The increased expectations that U.S. and global interest rates may have further to rise has come on the back of surprise rate increases by the Bank of Canada (BoC) and the Reserve Bank of Australia (RBA) this week. The BoC on Wednesday hiked its overnight rate to a ...
Dollar steady as traders consider Fed, global rates outlook
Dollar steady as traders consider Fed, global rates outlook
Source: Reuters
8/06/2023 9:27:29 AM
Dollar sags versus yen after Japan warning; Aussie slides on China data The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Australian dollar rode a rollercoaster after it jumped on heated local inflation data only to be dragged lower moments later by more signs of a slowdown in China, a major trading partner. The Chinese yuan slumped to a six-month low in offshore trading. The Aussie was last down 0.15% at $0.6507, he...
Dollar sags versus yen after Japan warning; Aussie slides on China data
Dollar sags versus yen after Japan warning; Aussie slides on China data
Source: Reuters
31/05/2023 9:21:00 AM
Dollar elevated as sticky inflation cements Fed hike bets, debt ceiling deal lifts optimism The dollar was firm on Monday as economic resilience in the United States raised market expectations for further rate hikes by the Federal Reserve, while news that a debt ceiling deal had been finalised sparked some risk-on sentiment. The greenback notched a fresh six-month high of 140.91 yen in early Asia trade and was headed for a monthly gain of more than 3% against the Japanese currency. The yen's renewed decline has come on the back of rising U.S. Treasury yields, as bets grow ...
Dollar elevated as sticky inflation cements Fed hike bets, debt ceiling deal lifts optimism
Dollar elevated as sticky inflation cements Fed hike bets, debt ceiling deal lifts optimism
Source: Reuters
29/05/2023 9:12:51 AM
Asian stocks sink on debt ceiling jitters Asian shares fell to a two-month low on Thursday, and the U.S. dollar rose as the impasse in negotiations to raise the U.S. debt ceiling kept investors wary of risky assets due to the hit the global economy will take if the U.S. government defaults. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.56% to a two-month low of 505.35, with Australia's S&P/ASX 200 index was down 0.78%. Japan's Nikkei remained an outlier for the region, gaining 0.32%. China sh...
Asian stocks sink on debt ceiling jitters
Asian stocks sink on debt ceiling jitters
Source: Reuters
25/05/2023 8:48:16 AM
Dollar buoyed by hawkish Fed expectations as debt deal eyed The dollar firmed near a six-month peak against the yen on Friday on the back of rising U.S. Treasury yields, as optimism over debt ceiling talks in Washington raised expectations of higher-for-longer interest rates. President Joe Biden and top U.S. congressional Republican Kevin McCarthy earlier this week underscored their determination to strike a deal soon to raise the government's $31.4 trillion debt ceiling, with hopes of finalising a deal after Biden returns from the Group of Sev...
Dollar buoyed by hawkish Fed expectations as debt deal eyed
Dollar buoyed by hawkish Fed expectations as debt deal eyed
Source: Reuters
19/05/2023 8:52:45 AM
Recession fears set stocks on course for weekly drop Asian stocks slid toward their worst week in a month-and-a-half on Friday and oil nursed losses, while bonds enjoyed their best bid in weeks as U.S. data and earnings showed signs of weakness. Overnight figures showed more Americans filing claims for jobless benefits and manufacturing activity in the mid-Atlantic region slumping to its lowest level in nearly three years. On the heels of other signals that the world's biggest economy is slowing down, the data helped drag Brent crude ...
Recession fears set stocks on course for weekly drop
Recession fears set stocks on course for weekly drop
Source: Reuters
21/04/2023 8:41:17 AM
Dollar eases as US inflation cools The dollar was on the back foot on Thursday after cooler-than-anticipated U.S. inflation data lifted risk sentiment and stoked expectations that the Federal Reserve will be done with its monetary tightening after hiking one last time next month. The dollar index, which measures the currency against six major peers, eased 0.03% to 101.44, hovering around a one week low of 101.40 after sinking 0.6% overnight. The Consumer Price Index climbed 0.1% last month after advancing 0.4% in Februar...
Dollar eases as US inflation cools
Dollar eases as US inflation cools
Source: Reuters
13/04/2023 8:51:26 AM
Dollar mired near two-month low; Kiwi gains on RBNZ surprise The U.S. dollar was stuck near two-month lows on Wednesday as weak economic data bolstered views that the Federal Reserve is near the end of its tightening cycle, while the New Zealand dollar jumped after a larger-than expected interest rate hike. New Zealand's central bank raised interest by 50 basis points (bps) to a more than 14-year high of 5.25% in a move that surprised markets, as 22 of 24 economists in a Reuters poll had forecast just a 25 bps hike. The kiwi rallied 1% to tou...
Dollar mired near two-month low; Kiwi gains on RBNZ surprise
Dollar mired near two-month low; Kiwi gains on RBNZ surprise
Source: Reuters
5/04/2023 8:41:04 AM
Asian stocks rally as banking anxiety eases; Alibaba surges Asian shares rose sharply on Wednesday while the dollar was on the defensive as easing concerns over the banking sector revived risk appetite, while Alibaba's stock soared on the internet behemoth's plans to split into six units. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.82% higher, while Japan's Nikkei advanced 0.49%. Hong Kong's Hang Seng index surged over 2%, buoyed by Alibaba after the Chinese e-commerce conglomerate announced its break-up ...
Asian stocks rally as banking anxiety eases; Alibaba surges
Asian stocks rally as banking anxiety eases; Alibaba surges
Source: Reuters
29/03/2023 8:43:27 AM
Dollar subdued ahead of Fed rate decision The dollar was pinned near five-week lows on Wednesday ahead of the conclusion of the U.S. Federal Reserve's policy meeting, with investors awaiting clarity on the path the central bank is likely to take in the wake of global banking turmoil. Investor attention is zeroed in on whether the Fed will stick to its hawkish path to fight sticky inflation or pause interest rate hikes given recent trouble among banks which has included bankruptcy and last-minute rescues. The U.S. dollar ind...
Dollar subdued ahead of Fed rate decision
Dollar subdued ahead of Fed rate decision
Source: Reuters
22/03/2023 8:41:25 AM
Oil steadies as investors take stock of banking crisis  Oil prices were little changed on Friday after a meeting between Saudi Arabia and Russia calmed markets, but crude benchmarks were still headed for a second weekly fall after a banking crisis sparked a sell-off in global financial markets this week. Brent crude futures edged up 2 cents to $74.72 a barrel by 0133 GMT, having snapped three days of losses to settle 1.4% higher on Thursday. U.S. West Texas Intermediate crude was at $68.33 a barrel, down 2 cents after closing 1.1% high...
Oil steadies as investors take stock of banking crisis
Oil steadies as investors take stock of banking crisis
Source: Reuters
17/03/2023 8:59:27 AM
Sterling holds gains after rising on UK trade deal with European Union  The pound held steady on Tuesday, retaining gains overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy and signalled improved relations between London and the bloc. The dollar was mostly flat in early trade but was on track to end higher for the month, ending a four-month losing streak. Britain and the EU on Monday announced a new deal for post-Brexit trading arrangements for Northern Ireland, known as...
Sterling holds gains after rising on UK trade deal with European Union
Sterling holds gains after rising on UK trade deal with European Union
Source: Reuters
28/02/2023 8:58:17 AM
Asian markets breathe sigh of relief amid Ueda hearing Asian markets breathed a sigh of relief on Friday as the incoming head of Japan's central bank soothed fears of an early end to super-easy monetary policy, nudging bond yields lower globally. Kazuo Ueda, who will take over as governor of the Bank of Japan (BOJ) in April, began three hours of speaking to parliament at 9:30 a.m. (0030 GMT), offering markets a first glimpse of how the new-look central bank could steer an exit from ultra-low interest rates. So far, Ueda has pledged to m...
Asian markets breathe sigh of relief amid Ueda hearing
Asian markets breathe sigh of relief amid Ueda hearing
Source: Reuters
24/02/2023 8:37:58 AM
Dollar firms as investors brace for higher-for-longer rates scenario The dollar stood near a seven-week high against the euro and the Aussie on Thursday, as expectations the Federal Reserve is likely to stay on its aggressive rate-hike path, reinforced by minutes from its last policy meeting, set the tone for markets. Nearly all Fed policymakers favoured a scale down in the pace of interest rate hikes at the U.S. central bank's last policy meeting, minutes from the Jan. 31-Feb. 1 FOMC meeting showed on Wednesday. However, they also indicated curbing ...
Dollar firms as investors brace for higher-for-longer rates scenario
Dollar firms as investors brace for higher-for-longer rates scenario
Source: Reuters
23/02/2023 8:50:16 AM
Stocks struggle to make headway as rate rises loom  Asian stock markets were pinned near seven-week lows on Thursday while the dollar stood at multi-week peaks, as a run of strong economic data had investors worrying interest rates will need to keep rising and stay high to put the brakes on inflation. MSCI's broadest index of Asia-Pacific shares outside Japan touched its lowest since Jan. 6 in early trade. It ground 0.5% higher as the morning wore on. Nasdaq futures rose 0.9% after a revenue beat at chip designer Nvidia sent its s...
Stocks struggle to make headway as rate rises loom
Stocks struggle to make headway as rate rises loom
Source: Reuters
23/02/2023 8:38:24 AM
Dollar, sterling underpinned by upbeat PMI surveys; kiwi jumps The dollar and sterling were buoyant on Wednesday, after a surprise rebound in business activity in the United States and the UK raised the likelihood that their respective central banks would have further to go in raising interest rates. Elsewhere, the kiwi surged after the Reserve Bank of New Zealand (RBNZ) on Wednesday raised rates by an expected 50 basis points, but reiterated that inflation remains too high and employment is beyond its maximum sustainable level. Data released on Tu...
Dollar, sterling underpinned by upbeat PMI surveys; kiwi jumps
Dollar, sterling underpinned by upbeat PMI surveys; kiwi jumps
Source: Reuters
22/02/2023 8:57:48 AM
Asia equities fall on fear of hawkish central bank hikes  Asian share markets followed Wall Street into the red on Wednesday as surprising strength in global surveys of services stoked fears that central banks would have to lift interest rates yet further and keep them up for longer. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.97%, after Wall Street posted its worst performance of the year on Tuesday, with an unexpectedly strong reading of S&P Global's composite purchasing managers' index (PMI) showing ...
Asia equities fall on fear of hawkish central bank hikes
Asia equities fall on fear of hawkish central bank hikes
Source: Reuters
22/02/2023 8:48:33 AM
Asian shares stutter, dollar rally pauses as Fed cues eyed  Asian stocks edged lower on Tuesday as the prospect of the U.S. central bank having to stay on its hawkish path weighed on sentiment, with investors looking to the minutes of the latest Federal Reserve meeting for further monetary policy clues. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.34% to 531.85, hovering around six-week lows of 529.30 it touched last week. The index is down nearly 3% this month after jumping 8.6% in January as a slew of robust U.S...
Asian shares stutter, dollar rally pauses as Fed cues eyed
Asian shares stutter, dollar rally pauses as Fed cues eyed
Source: Reuters
21/02/2023 8:49:35 AM
Asia shares hesitant ahead of updates on Fed, BOJ policies Asian shares were hesitant on Monday as a U.S. holiday made for slow trading ahead of minutes of the last Federal Reserve meeting and a reading on core inflation that could add to the risk of interest rates heading higher for longer. Geopolitical tensions were ever present with North Korea firing more missiles and talk of Russia ramping up attacks in Ukraine before Friday's one- year anniversary of the invasion. There were reports the White House planned new sanctions on Russia, whi...
Asia shares hesitant ahead of updates on Fed, BOJ policies
Asia shares hesitant ahead of updates on Fed, BOJ policies
Source: Reuters
20/02/2023 8:52:36 AM
Asia shares sink, dollar advances as rate-hike outlook strengthens  Asian equities were at the lowest in more than a month on Friday and the dollar hovered around six-week highs amid revived expectations the U.S. central bank would stick to its monetary tightening path. Data from U.S. Labor Department overnight showed monthly producer prices had accelerated in January, while a separate report from the agency showed the number of Americans filing new claims for unemployment benefits had unexpectedly fallen last week. U.S. stock indexes ended Thursd...
Asia shares sink, dollar advances as rate-hike outlook strengthens
Asia shares sink, dollar advances as rate-hike outlook strengthens
Source: Reuters
17/02/2023 8:46:00 AM
Dollar set for fourth monthly drop as Fed meeting looms The dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in U.S. interest rates could swing into view as soon as this week's Federal Reserve meeting. Currency trade was subdued in the lead up to Wednesday's Fed rate decision, and ahead of Bank of England and European Central Bank rate decisions on Thursday, though cautiousness across financial markets gave the greenback a bit of support. The euro wandered as far as $1.0913 on Monday after data showed Spa...
Dollar set for fourth monthly drop as Fed meeting looms
Dollar set for fourth monthly drop as Fed meeting looms
Source: Reuters
31/01/2023 8:50:21 AM
Dollar seesaws ahead of busy central bank week, euro higher after Spain CPI The dollar languished near an eight-month low on Monday ahead of a slew of central bank meetings this week, while higher Spanish inflation data supported the euro ahead of euro area readings on Wednesday. The U.S. dollar index, which measures the currency against a basket of its peers including the euro, was flat at 101.88, having hit an eight-month low of 101.50 last week. It was down more than 1.5% in January and on track for a fourth consecutive monthly loss, pressured by expectation...
Dollar seesaws ahead of busy central bank week, euro higher after Spain CPI
Dollar seesaws ahead of busy central bank week, euro higher after Spain CPI
Source: Reuters
30/01/2023 8:53:02 AM
Oil rises on tight U.S. stocks as winter blast hits Oil prices climbed for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States. Brent crude futures gained 74 cents, or 0.9%, to trade at $82.94 at 0911 GMT, extending gains of around 2.7% from the previous session. U.S. West Texas Intermediate (WTI) crude futures, hitting their highest since Dec. 5 earlier, were up 81 cents, or 1%, at $79.10 a barrel. Both benchmark contracts jumped on Wednesday...
Oil rises on tight U.S. stocks as winter blast hits
Oil rises on tight U.S. stocks as winter blast hits
Source: Reuters
22/12/2022 9:01:59 AM
Stocks wobble as rate risks cloud 2023 outlook World stocks inched higher on Monday but stayed near 6-week lows as investors started the year's last full trading week still mindful of interest rate hike risks to the economy in 2023. The U.S. Federal Reserve and European Central Bank hiked rates and promised more last week, and speculation is even building that the Bank of Japan, which meets on Monday and Tuesday, is eyeing a shift in its ultra-dovish stance. The MSCI's benchmark for global stocks hovered around parity. By 09...
Stocks wobble as rate risks cloud 2023 outlook
Stocks wobble as rate risks cloud 2023 outlook
Source: Reuters
19/12/2022 8:56:52 AM
Dollar holds on to gains after rallying on rate hikes The dollar was little changed on Friday after jumping in the previous session, as traders analysed a raft of central bank rate hikes and grappled with the prospect that borrowing costs still have a way to climb. The euro was flat against the dollar in early European trading at $1.063. That followed a 0.5% fall on Thursday after the European Central Bank (ECB) raised interest rates and signalledit was far from finished, raising fears about the potential damage to the global economy and send...
Dollar holds on to gains after rallying on rate hikes
Dollar holds on to gains after rallying on rate hikes
Source: Reuters
16/12/2022 9:01:50 AM
Dollar set for weekly loss as investors brace for slower Fed rises The U.S. dollar stood close to a three-month low and was headed for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors and kept the mood buoyant. Trading was thin overnight due to the Thanksgiving holiday in the United States, though a softer dollar remained in focus. Sterling rose more than 0.5% overnight and last stood at $1.2103, close to its over three-month high of $1.2153 hit in the previous ...
Dollar set for weekly loss as investors brace for slower Fed rises
Dollar set for weekly loss as investors brace for slower Fed rises
Source: Reuters
25/11/2022 9:01:59 AM
Dollar tentative as investors await Fed minutes The U.S. dollar was steady on Wednesday as investors tempered their risk appetites ahead of the release of minutes of the Federal Reserve's policy meeting that could offer clues on the outlook for inflation and interest rates. The Fed on Wednesday will release the minutes from its most recent meeting, with investors looking for any sign of discussions around moderating the pace of interest rate hikes. The dollar index, which measures the greenback against six major peers, was last u...
Dollar tentative as investors await Fed minutes
Dollar tentative as investors await Fed minutes
Source: Reuters
23/11/2022 8:53:19 AM
Safe-haven dollar gains as traders assess risks from Poland The safe-haven U.S. dollar edged higher against major peers on Wednesday as markets continued to assess news of a Russian-made rocket striking NATO-member Poland, and whether it could lead to an escalation of the Ukraine war. The risk-sensitive Australian dollar and sterling both flipped from small early gains to similar-sized losses as leaders from the United States, Britain, Germany, Japan and other countries met on the sidelines of the Group of 20 meeting in Bali. However, the moves ...
Safe-haven dollar gains as traders assess risks from Poland
Safe-haven dollar gains as traders assess risks from Poland
Source: Reuters
16/11/2022 8:57:23 AM
Dollar rebounds as Fed officials say hikes to continue; yen slumps The U.S. dollar climbed versus the yen and stayed firm against other major peers on Tuesday as more Federal Reserve officials made the case for even tighter U.S. monetary policy. The greenback edged up against sterling and hovered more than 1% above its two-month trough to the euro after Fed Vice Chair Lael Brainard on Monday echoed weekend comments by Fed Governor Christopher Waller that interest rates need to keep rising to battle inflation, although potentially at a slower pace. The ...
Dollar rebounds as Fed officials say hikes to continue; yen slumps
Dollar rebounds as Fed officials say hikes to continue; yen slumps
Source: Reuters
15/11/2022 12:19:42 PM
Asia shares mixed on Fed warning, China hopes Asian share markets were mixed on Monday as a top U.S. central banker warned investors against getting carried away over one inflation number, while Chinese stocks gained on signs of aid for the hard-hit property sector. A modest miss on U.S. inflation was enough to see two-year Treasury yields dive 33 basis points for the week and the dollar lose almost 4%, the fourth biggest weekly decline since the era of free-floating exchange rates began over 50 years ago. However, the resulting ea...
Asia shares mixed on Fed warning, China hopes
Asia shares mixed on Fed warning, China hopes
Source: Reuters
14/11/2022 8:41:52 AM
Dollar takes breather on China reopening hopes, U.S. jobs data in focus The euro and pound regained some ground on Friday, but were still set for their biggest weekly losses since September, ahead of U.S. jobs data that could underscore the hawkish message Fed chair Jerome Powell delivered this week boosting the dollar. Helping drive the gains was improved investor sentiment following reports China may relax its strict anti-COVID measures, which also caused China's yuan to strengthen sharply. The euro was last up 0.24% at $0.9772, having earlier traded ...
Dollar takes breather on China reopening hopes, U.S. jobs data in focus
Dollar takes breather on China reopening hopes, U.S. jobs data in focus
Source: Reuters
4/11/2022 9:07:19 AM
Dollar falls as Fed decision looms, yen and real gain  The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points (bps) rate hike, the fourth such increase in a row. But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase. The dollar index - which gauges the greenback aga...
Dollar falls as Fed decision looms, yen and real gain
Dollar falls as Fed decision looms, yen and real gain
Source: Reuters
2/11/2022 8:49:41 AM
Dollar eases on improved risk sentiment before Fed; Aussie pares gains after RBA The U.S. dollar eased from a one-week top against a basket of major peers on Tuesday, as traders weighed the odds of a less aggressive Federal Reserve at Wednesday's widely watched monetary policy meeting. The risk-sensitive Australian and New Zealand dollars rose from one-week lows amid a broad lift in market sentiment, but the Aussie trailed after the Reserve Bank of Australia decided to stick with a slower quarter-point pace for rate hikes. "It's certainly a risk-on day,...
Dollar eases on improved risk sentiment before Fed; Aussie pares gains after RBA
Dollar eases on improved risk sentiment before Fed; Aussie pares gains after RBA
Source: Reuters
1/11/2022 9:18:05 AM
Oil falls as China widens COVID-19 curbs; still set for weekly gain Oil prices fell on Friday after China, the world's top crude oil importer, widened its COVID-19 curbs, but were poised for a weekly gain on supply concerns ahead of Europe's pending cut-off of Russian imports. Brent crude futures eased 78 cents, or 0.8%, to $96.18 a barrel at 0350 GMT, after rising 1.3% in the previous session. U.S. West Texas Intermediate (WTI) crude futures were down $1, or 1.1%, at $88.08 a barrel. Still, both benchmark oil contracts were on course for a week...
Oil falls as China widens COVID-19 curbs; still set for weekly gain
Oil falls as China widens COVID-19 curbs; still set for weekly gain
Source: Reuters
28/10/2022 9:02:40 AM
Asian shares slip, yen wobbly after BOJ maintains dovish tone Asian shares fell on Friday and were set to snap a three-day winning streak, while the Japanese yen was squeezed lower after the Bank of Japan held on to its dovish policy and maintained ultra-low interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was 1% lower. The index is down 3.6% for the month and 30% for the year. As widely expected, the BOJ kept unchanged its -0.1% target for short-term interest rates, and 0% for the 10-year government bond yield by an ...
Asian shares slip, yen wobbly after BOJ maintains dovish tone
Asian shares slip, yen wobbly after BOJ maintains dovish tone
Source: Reuters
28/10/2022 8:56:43 AM
Asian shares subdued on rate-hike jitters, yen at 32-year lows  Asian shares slipped on Friday as the prospect of aggressive interest rate hikes from the Federal Reserve soured investor sentiment, while yen wilted to fresh 32-year lows, with markets on high alert for any sign of intervention. U.S. benchmark 10-year Treasury yields scaled fresh 14-year peaks, weighing on the equities market and pinning down gold prices. Sterling edged lower after a short-lived rally following the resignation of Britain's Prime Minister Liz Truss. Europea...
Asian shares subdued on rate-hike jitters, yen at 32-year lows
Asian shares subdued on rate-hike jitters, yen at 32-year lows
Source: Reuters
21/10/2022 9:03:30 AM
Indian shares track Asian peers lower on rate hike fears Indian shares opened lower on Thursday, following dour sentiment in other Asian markets for risky assets as U.S. Treasury yields surged on fears that the Federal Reserve will continue on its aggressive rate-hike path. The NSE Nifty 50 index was down 0.44% at 17,434.75 as of 0347 GMT, while the S&P BSE Sensex declined 0.38% to 58,884.30. Both indexes had risen for four straight sessions. In broader Asia, Asia-Pacific shares, excluding Japan, fell to more than two-year low, while the ...
Indian shares track Asian peers lower on rate hike fears
Indian shares track Asian peers lower on rate hike fears
Source: Reuters
20/10/2022 9:07:52 AM
Dollar rides surge in Treasury yields, yen treads near key 150 level  The dollar loomed over major peers on Thursday as Treasury yields peaked at multi-year highs, while the yen tumbled to a fresh 32-year low and kept markets on high alert for any signs of an intervention. Scorching inflation prints from Britain, Canada and New Zealand this week also showed that central banks across the globe are far from taming decades-high inflation even at the expense of stifling growth, stoking recession fears and fuelling demand for the safe haven dollar. Again...
Dollar rides surge in Treasury yields, yen treads near key 150 level
Dollar rides surge in Treasury yields, yen treads near key 150 level
Source: Reuters
20/10/2022 8:59:21 AM