News

Dollar firms against yen as BOJ leaves open timing of hikes The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would continue to rise gradually should the economy develop in line with the central bank's outlook. However, he made no mention of whether a hike would come in December, saying the BOJ would ne...
Dollar firms against yen as BOJ leaves open timing of hikes
Dollar firms against yen as BOJ leaves open timing of hikes
Source: Reuters
2024-11-18 09:10:02 am
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints  Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been cl...
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Source: Reuters
2024-11-18 08:58:30 am
Dollar set for big weekly gain as Powell sends yields up, China data mixed The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving equities in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data showing retail sales in the world's second-biggest economy beat forecasts in October in a welcome sign for consumer spending, although other indicators missed. Overnight, Fed Chair Jerome Powell s...
Dollar set for big weekly gain as Powell sends yields up, China data mixed
Dollar set for big weekly gain as Powell sends yields up, China data mixed
Source: Reuters
2024-11-15 09:23:59 am
Yen under pressure as BOJ keeps rates steady The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.  The yen has fallen more than 6% in October and is on track for what would be its biggest monthly loss against the greenback sinc...
Yen under pressure as BOJ keeps rates steady
Yen under pressure as BOJ keeps rates steady
Source: Reuters
2024-10-31 09:07:57 am
RBI to cut rates in December to 6.25%, say narrow majority of economists India's central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a slim majority of economists in a Reuters poll who also expect inflation to moderate in the near-term. Inflation unexpectedly spiked to 5.49% in September, but was forecast to cool to an average 4.9% this quarter and drop to 4.6% in January-March, giving the Reserve Bank of India (RBI) room to ease policy. The central bank has held interest rate...
RBI to cut rates in December to 6.25%, say narrow majority of economists
RBI to cut rates in December to 6.25%, say narrow majority of economists
Source: Reuters
2024-10-30 09:08:26 am
US dollar rally pauses before jobs data, Aussie droops on RBA outlook The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. Mixed U.S. indicators overnight, showing a loosening U.S. jobs market but a confident consumer, provided little clarity on the outlook for Federal Reserve easing, allow...
US dollar rally pauses before jobs data, Aussie droops on RBA outlook
US dollar rally pauses before jobs data, Aussie droops on RBA outlook
Source: Reuters
2024-10-30 08:54:12 am
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory The euro rose to $1.08 from a near four-month low as data suggested the European Central Bank (ECB) may cut rates by only 25 bps in December instead of 50. The HCOB Eurozone Services PMI eased to 51.2 in October, indicating a continued contraction in private sector activity, with new orders falling for the second month. In contrast, the HCOB Manufacturing PMI rose to 45.9, suggesting a slight slowdown in decline. Consumer confidence in the Euro Area increased to -12.5, the highest since Febru...
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory
Source: Kedia Advisory
2024-10-25 12:52:18 pm
Bitcoin at 3-month high as Trump odds drive currencies Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Election polls show rising odds of former President Donald Trump winning the Nov. 5 election and are boosting the dollar, since his proposed tariff and tax policies are seen as likely to keep U.S. interest rates high and undermine currencies of trading partners. Currency moves in major markets...
Bitcoin at 3-month high as Trump odds drive currencies
Bitcoin at 3-month high as Trump odds drive currencies
Source: Reuters
2024-10-21 08:44:37 am
Interest rate cut at this stage would be `premature,` India cenbank chief says The head of India's central bank said on Friday that it would be "very premature" and risky to lower interest rates at this stage. While inflation is expected to moderate going forward, the central bank would only think of rate cuts when it has confidence that inflation is durably aligned to its medium-term target, Governor Shaktikanta Das said at an event in Mumbai. The central bank is not "behind the curve" in terms of monetary policy and would base its decisio...
Interest rate cut at this stage would be `premature,` India cenbank chief says
Interest rate cut at this stage would be `premature,` India cenbank chief says
Source: Reuters
2024-10-19 09:29:22 am
China GDP gets little cheer, dollar rides `Trump trade` toward third weekly rise The Australian dollar and Chinese yuan ticked higher on Friday after China's closely watched third-quarter growth figures came in slightly better than forecasts, but kept the pressure on policymakers to roll out more stimulus quickly. Elsewhere, the dollar was headed for its third weekly gain in a row, helped by a dovish European Central Bank and strong U.S. data that is pushing out expectations for how fast U.S. rates can fall, particularly if Donald Trump wins the presidency. Chin...
China GDP gets little cheer, dollar rides `Trump trade` toward third weekly rise
China GDP gets little cheer, dollar rides `Trump trade` toward third weekly rise
Source: Reuters
2024-10-18 08:48:29 am
Safe-haven gold breaks $2,700/oz level as uncertainty looms Gold breached the $2,700-per-ounce level on Friday for the first time ever, as U.S. election jitters and simmering Middle East tensions boosted safe-haven demand, while a looser monetary policy environment also added fuel to the rally. Spot gold firmed 0.5% to $2,706.76 per ounce by 0220 GMT, adding nearly 2% so far in the week. U.S. gold futures rose 0.5% to $2,722.00. "Gold has scoffed at a surging dollar and rallies at every chance it gets. It's just a bull market that shows...
Safe-haven gold breaks $2,700/oz level as uncertainty looms
Safe-haven gold breaks $2,700/oz level as uncertainty looms
Source: Reuters
2024-10-18 08:45:10 am
Oil inches up after surprise drop in US crude stockpiles Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed an unexpected drop in U.S. crude stockpiles last week. Brent crude futures rose 45 cents, or 0.6%, to $74.67 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude futures were at $70.84 a barrel, up 45 cents, or 0.6%. Both crude benchmarks settled down on Wednesday, closing at their lowest levels since Oct. 2 for a second day in a row. The benchmarks a...
Oil inches up after surprise drop in US crude stockpiles
Oil inches up after surprise drop in US crude stockpiles
Source: Reuters
2024-10-17 09:05:07 am
Gold flirts with record highs ahead of US data Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the U.S. elections and expectations of more rate cuts by major central banks, while investors looked forward to a slew of U.S. data for further direction. Spot gold rose 0.3% to $2,682.14 per ounce by 0221 GMT. Prices had climbed to a session high of $2,685.16 on Wednesday, shy of the record $2,685.42 scaled on Sept. 26. U.S. gold futures gained 0.2% to $2,697.40. "Investors are seeking sa...
Gold flirts with record highs ahead of US data
Gold flirts with record highs ahead of US data
Source: Reuters
2024-10-17 08:54:53 am
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime? With the Federal Open Market Committee (FOMC) Meeting cutting the Federal Funds Rate by 50bps, we are clearly in a falling interest rate regime globally. Out of 38 countries tracked by the BIS Central Bank database, 22 have cutrates in 2024 so far. In this scenario, precious metals such as gold and silver become potential investments,as they have generally shown increased potential infalling interest rate regimes.Gold reached an all-time high on September 23, 2024, touching US$2,629. In India...
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime?
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime?
Source: PR Agency
2024-10-15 05:36:56 pm
Dollar at over two-month high, yen near 150/$ The U.S. dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, while the yen inched closer to the key 150 per dollar level. The euro was steady in early Asian hours but close to its lowest level since Aug. 8 that it touched on Monday ahead of the European Central Bank policy meeting on Thursday, where the central bank looks set to deliver another interest rate cut. A st...
Dollar at over two-month high, yen near 150/$
Dollar at over two-month high, yen near 150/$
Source: Reuters
2024-10-15 08:59:06 am
Asian shares set for first weekly loss in five, China stimulus eyed Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. Overnight, data showed core U.S. consumer inflation came in at 0.3% in September, slightly hotter than expected, which pointed to stalling progress in the Federal Reserve's fight against inflation. However, high weekly jobless claims figures kept bets that the Fed remai...
Asian shares set for first weekly loss in five, China stimulus eyed
Asian shares set for first weekly loss in five, China stimulus eyed
Source: Reuters
2024-10-11 08:48:37 am
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut The dollar slumped to its lowest this year on Friday versus the yen while gold hit a record high as investors ratcheted up bets for a super-sized Federal Reserve interest rate cut next week. Shares in Asia also advanced after traders raised bets back to 45% for a 50-basis point U.S. rate cut on Sept. 18, according to LSEG data at 0510 GMT, from about 28% before articles in the Financial Times and Wall Street Journal each called the decision "a close call". Influential former N...
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Source: Reuters
2024-09-13 09:06:20 am
Dollar weak, yen at 2024 high on bets of big rate cut from Fed  The dollar softened on Friday, with the yen hitting its highest level this year as investors remained on tenterhooks ahead of next week's central bank bonanza where the focus is on the Federal Reserve and the size of its expected interest rate cut. While the Fed is all but certain to cut rates next week, uncertainty around whether it will go with a 25 basis point cut or 50 basis points (bps) has kept investors on edge and weighed on the dollar. Analysts pointed to media report...
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Source: Reuters
2024-09-13 08:56:04 am
Dollar firm after inflation data douse bets for big Fed cut The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. Meanwhile, a quarter-point rate reduction from the European Central Bank (ECB) is widely expected later on Thursday, with investors anxious for hints on how soon the monetary authority will cut again. The dollar gained against the yen, following a turbulent session on W...
Dollar firm after inflation data douse bets for big Fed cut
Dollar firm after inflation data douse bets for big Fed cut
Source: Reuters
2024-09-12 09:04:20 am
World stocks dip, European shares jump on ECB rate cut hopes World equities dithered at four-week lows on Monday, pressured by falling stocks in Asia, while European shares climbed on the prospect of an ECB rate cut on Thursday, government bond yields rose, and oil recovered from last week's beating. MSCI's gauge of stocks around the globe fell 1.94 points or 0.24% to its lowest level in almost a month, while Europe's STOXX 600 index rose 0.61%. Data on Monday showed China's consumer prices index rose in August at the fastest pace...
World stocks dip, European shares jump on ECB rate cut hopes
World stocks dip, European shares jump on ECB rate cut hopes
Source: Reuters
2024-09-09 08:45:20 am
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift  The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda's steadfastly hawkish tone. The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation si...
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Source: Reuters
2024-08-26 09:04:16 am
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell The yen rose on Friday as traders considered comments from Bank of Japan Governor Kazuo Ueda, who sought to calm lingering nerves after a surprise rate hike last month, while markets braced for a speech from Federal Reserve Chair Jerome Powell. With the spotlight squarely on the central bankers, Ueda appeared first in Japan's parliament to explain the rate increase that had rattled investors. The yen was 0.38 % higher at 145.75 per dollar on Friday in choppy trading after Ueda reaff...
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Source: Reuters
2024-08-23 09:00:55 am
Rupee strengthens against US dollar on Friday Indian rupee strengthened marginally against the US dollar on Friday, tracking sustained foreign fund inflows and fall in crude oil prices. Foreign Institutional Investors were net buyers in the capital markets on Thursday as they purchased shares worth Rs 5,483.63 crore, exchange data showed. However, some gains were limited by strength of the American currency overseas and, dollar demand from foreign investors and oil companies. The Reserve Bank of India stated that it is looking to lower i...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-07-19 11:53:34 am
Oil prices rise on bigger-than-expected drop in US crude stocks Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16. Brent climbed 1.6% on Wednesday, and WTI rose 2.6%. U.S. crude inventories fell by 4.9 million barrels last week, data from the U.S. Energy Information Administration showed. That compares with a 30,000-barrel decline forecast b...
Oil prices rise on bigger-than-expected drop in US crude stocks
Oil prices rise on bigger-than-expected drop in US crude stocks
Source: Reuters
2024-07-18 08:46:21 am
Rupee weakens against US dollar on Tuesday Indian Rupee weakened against the US dollar on Tuesday amidst elevated crude oil prices, while investors are cautiously awaiting more cues on the US interest rates due this week. The minutes of the Fed’s June meeting are due on Wednesday, Key US nonfarm payrolls data for June is due on Friday, and Fed Chair Jerome Powell is set to speak at a European Central Bank conference on Tuesday. Moreover, dollar demand from oil importers and foreign portfolio investors and foreign fund outflows h...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-07-02 12:32:04 pm
Dollar soars near 38-year yen peak as Trump risk lifts US yields The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. The euro remained firm as rival French political parties joined forces to try and prevent the far-right National Rally (RN) from taking power. Equities were broadly mixed in Asia, while crude oil edged higher following a strong rally in the previous session. Later in the day, U.S. Federal Reserve C...
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Source: Reuters
2024-07-02 09:22:29 am
Dollar holds firm as Fed seen less dovish than peers The dollar touched an eight-week high above 159 yen on Friday and traded at its highest in nearly five weeks against sterling, with the Federal Reserve's patient approach to cutting interest rates contrasting with more dovish stances elsewhere. The dollar index, which measures the currency against six others, spiked 0.41% overnight, erasing declines for the week, following a second successive rate cut at the Swiss National Bank and hints from the Bank of England for a reduction in Augu...
Dollar holds firm as Fed seen less dovish than peers
Dollar holds firm as Fed seen less dovish than peers
Source: Reuters
2024-06-21 09:00:04 am
Dollar firm as euro wallows; yuan brushes aside China data The dollar was firm on Monday as the euro hovered near a more than one-month low amid continued concerns about the political outlook in Europe. The yuan held close to a multi-month low after China released a slew of economic data that pointed to an uneven recovery in the world's second-largest economy. The euro was nearly flat at $1.0701, picking up somewhat after falling to its lowest since May 1 at $1.06678 on Friday. The currency also logged its biggest weekly decline since April...
Dollar firm as euro wallows; yuan brushes aside China data
Dollar firm as euro wallows; yuan brushes aside China data
Source: Reuters
2024-06-17 09:12:02 am
Asia shares muted on mixed China data, euro pressure Asian share markets were mostly softer on Monday as mixed Chinese economic news underlined the country's bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and fixed-asset investment both underwhelmed. Other data showed home prices fell at the fastest pace in a decade in May, highlighting the continued strains ...
Asia shares muted on mixed China data, euro pressure
Asia shares muted on mixed China data, euro pressure
Source: Reuters
2024-06-17 09:04:57 am
Rupee to hold above 83.50/USD; awaits cenbank policy, US jobs data The Indian rupee is expected to open broadly unchanged on Friday, holding near to a key level and awaiting the Reserve Bank of India's policy decision and the U.S. non-farm payroll report. Non-deliverable forwards indicate rupee will mostly be flat from 83.4725 in the previous session. "Now with the election excitement out of the way, it should be a quiet session," a spot currency trader at a bank said. There is a "low probability that we inch past 83.50 (on dollar...
Rupee to hold above 83.50/USD; awaits cenbank policy, US jobs data
Rupee to hold above 83.50/USD; awaits cenbank policy, US jobs data
Source: Reuters
2024-06-07 09:00:01 am
Asia shares set for weekly gain on rate-cut rally Asian stocks are set to snap a two-week losing streak on Friday after major central banks kick-started their rate easing cycle this week, adding to expectations the U.S. Federal Reserve could soon follow suit. The European Central Bank (ECB) delivered a well-telegraphed rate cut on Thursday, a day after the Bank of Canada became the first G7 nation to trim its key policy rate. The two join Sweden's Riksbank and the Swiss National Bank in beginning their respective monetary easing cy...
Asia shares set for weekly gain on rate-cut rally
Asia shares set for weekly gain on rate-cut rally
Source: Reuters
2024-06-07 08:49:39 am
Euro firms ahead of ECB decision, yen perks up The euro firmed a touch on Thursday ahead of the European Central Bank's (ECB) policy meeting, where traders will focus on rate setters' remarks on their future path as a cut at this meeting is a done deal. Central banks were in focus, as they have tended to be in recent months, with the Canadian dollar firming a little after having weakened into the Bank of Canada's Wednesday meeting when it cut its key policy interest rate as widely expected. The currency was last at C$1.3679...
Euro firms ahead of ECB decision, yen perks up
Euro firms ahead of ECB decision, yen perks up
Source: Reuters
2024-06-06 02:00:19 pm
Rupee pressed by equity outflows, supported by soft dollar Indian rupee is expected to open largely unchanged on Thursday amid foreign investors taking money out of equities post the election outcome and a broadly weaker dollar. The 1-month non-deliverable forwards indicate rupee will open nearly flat from 83.37 in the previous session. On the back of likely intervention by the central bank, the rupee managed a recovery on Thursday. "They (the Reserve Bank of India) sold quite a big amount yesterday, yet again telling the market that for n...
Rupee pressed by equity outflows, supported by soft dollar
Rupee pressed by equity outflows, supported by soft dollar
Source: Reuters
2024-06-06 09:26:41 am
Asia stocks rally as rate cut bets gather momentum; ECB in focus Asian shares gained on Thursday on rising expectations the U.S. Federal Reserve will likely cut interest rates in September, while the euro advanced ahead of the European Central Bank policy meeting where a rate cut is widely expected. The shifting Fed expectations lifted oil prices and dragged Treasury yields to their lowest in two months after data this week hinted the U.S. labour market was easing. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.14% higher, led b...
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Source: Reuters
2024-06-06 09:04:36 am
Asian shares retreat as investors question US economic strength Asian share markets were mildly weaker on Tuesday as global investors consider the prospect the U.S. economy's 'exceptionalism' is starting to unwind as manufacturing activity in the world's largest economy further weakened. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%, after U.S. stocks ended the previous session with mild gains. The index is up 1.6% so far this month. Australian shares were down 0.21%, while Japan's Nikkei stock inde...
Asian shares retreat as investors question US economic strength
Asian shares retreat as investors question US economic strength
Source: Reuters
2024-06-04 08:52:18 am
Currencies tread cautiously after US inflation report, focus on ECB  The currency market started the week cautiously, with the dollar slightly lower on Monday after data last week showed U.S inflation had stabilised in April, keeping the door open for the Federal Reserve to cut interest rates later in the year. The dollar posted its first monthly decline of the year in May, weighed down by shifting expectations on when the U.S. central bank will cut rates and by how much. Markets are pricing in 37 basis points of cuts this year from the Fed after d...
Currencies tread cautiously after US inflation report, focus on ECB
Currencies tread cautiously after US inflation report, focus on ECB
Source: Reuters
2024-06-03 09:27:16 am
Asia shares rally on promise of rate relief, factory pick up Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. There was also better news from China as the private Caixin survey showed a pick-up in its main factory index to a two-year top of 51.7 in May, from 51.4 in April. Japan's factory activity expanded for the first time in a year in May, while activity in ...
Asia shares rally on promise of rate relief, factory pick up
Asia shares rally on promise of rate relief, factory pick up
Source: Reuters
2024-06-03 08:52:10 am
Dollar holds its ground as key inflation data looms The dollar held tight ranges against most peers on Thursday as traders awaited key U.S. inflation data for cues on Federal Reserve policy, while the focus on the massive interest rate gap between Japan and the U.S. helped it make some gains on the yen. Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. The yen received a slight boost in the Asian morning following the release of the Ba...
Dollar holds its ground as key inflation data looms
Dollar holds its ground as key inflation data looms
Source: Reuters
2024-05-09 09:28:01 am
Aussie, New Zealand dollars tumble on risk-off moves; yen rises A wave of risk aversion swept over markets on Friday and sent the Australian and New Zealand dollars sharply lower, while the yen found support on safe-haven gains following media reports that explosions had occurred in Iran. The latest developments sparked greater concern over a widening of the Israeli-Hamas war in the Middle East, prompting a flight to safety as investors swept up typical safe-haven assets like the U.S. dollar and the yen, alongside U.S. Treasuries and gold. [MKTS/GLOB] ...
Aussie, New Zealand dollars tumble on risk-off moves; yen rises
Aussie, New Zealand dollars tumble on risk-off moves; yen rises
Source: Reuters
2024-04-19 08:49:07 am
Gold shines as geopolitical tensions offset easing US rate-cut bets Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion's safe-haven appeal, overshadowing pressures from higher-for-longer U.S. interest rates. Spot gold was up 0.6% at $2,374.97 per ounce, as of 0429 GMT, after hitting an all-time high of $2,431.29 last Friday. U.S. gold futures edged 0.1% higher to $2,389.70. "Given the fact that we do have a lot of uncertainty on the geopolitical front, which is supporting this upward trend that is still ...
Gold shines as geopolitical tensions offset easing US rate-cut bets
Gold shines as geopolitical tensions offset easing US rate-cut bets
Source: Reuters
2024-04-18 10:46:32 am
Asia stocks rise; metals fly on manufacturing bets  Industrial metals prices extended their gains on Tuesday with expectations of a worldwide manufacturing rebound, while Asian shares crept up a little more cautiously ahead of this week's U.S. inflation data and a crucial European Central Bank meeting. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%. Japan's Nikkei rose 0.6%. Shanghai copper futures were up 1% at a two-year high and have gained more than 10% in a month. Zinc made a five-month high i...
Asia stocks rise; metals fly on manufacturing bets
Asia stocks rise; metals fly on manufacturing bets
Source: Reuters
2024-04-09 08:51:01 am
Light wind in dollar`s sails after bumper US payrolls The dollar was firm but sluggish in Asian trading on Monday as investors looked ahead to U.S. inflation data after the big payrolls number last week, and as Treasury yields reached for December highs. U.S. consumer price inflation for March on Wednesday and a European Central Bank (ECB) policy meeting on Thursday will be the main economic markers for the big global currencies this week. Those follow a week of vacillation as traders watched Japanese authorities talk their currency higher...
Light wind in dollar`s sails after bumper US payrolls
Light wind in dollar`s sails after bumper US payrolls
Source: Reuters
2024-04-08 08:55:15 am
Dollar takes a breather ahead of US jobs data The dollar was pinned beneath recent peaks on Thursday with traders taking remarks from Federal Reserve Chair Jerome Powell as reassuring on the likelihood of interest rate cuts this year while waiting for the latest U.S. labour market readout. An unexpected slowdown in U.S. services growth also supported cut expectations and weighed on the dollar, though for the year so far it remains the best-performing G10 currency as those expectations are far more modest than three months ago. The ...
Dollar takes a breather ahead of US jobs data
Dollar takes a breather ahead of US jobs data
Source: Reuters
2024-04-04 09:00:25 am
Stocks fall, yields climb as rate cut outlook takes a hit The three major U.S. stock indexes fell about 1% on Tuesday and the yield on benchmark 10-year Treasuries hit a four-month high after data showing strong labor demand raised the prospect that the Federal Reserve could delay cutting interest rates. The dollar also hit a four-month high against major trading currencies but later retreated, as fears of intervention by Japanese officials slowed the dollar's gains against the yen. Bitcoin also fell, down 7.5% at one point, as risk assets...
Stocks fall, yields climb as rate cut outlook takes a hit
Stocks fall, yields climb as rate cut outlook takes a hit
Source: Reuters
2024-04-03 08:54:07 am
Oil prices advance as investors reassess US inventories data Global oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode. Brent crude futures for May were up 29 cents, or 0.34%, at $86.38 a barrel while the more actively traded June contract rose 28 cents, or 0.33%, to $85.69 at 0041 GMT. The May contract expires on Thursday. U.S. West Texas Intermediate (WTI) crude futures for May delivery were up 41 cents,...
Oil prices advance as investors reassess US inventories data
Oil prices advance as investors reassess US inventories data
Source: Reuters
2024-03-28 09:16:48 am
Yen on intervention watch; Asia shares subdued The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities kept investors leery of pushing the currency to a new low, while Asian stocks fell ahead of a key U.S. inflation reading. Markets were largely rangebound ahead of Friday's much-anticipated U.S. core personal consumption expenditures (PCE) price index data, the Federal Reserve's preferred measure of inflation. Few markets will be open to digest the new reading, howe...
Yen on intervention watch; Asia shares subdued
Yen on intervention watch; Asia shares subdued
Source: Reuters
2024-03-28 08:59:51 am
Asia shares flat, dollar restrained by Japan caution Asian shares dithered on Monday as investors worried U.S. inflation data this week could derail the outlook for lower interest rates, while the risk of currency intervention from Japan stalled the yen's decline for the moment. China's central bank also engineered a rally in the yuan after setting a firmer fix for the currency, nudging the dollar lower more broadly. The main data event of the week will be U.S. core personal consumption expenditure (PCE) price index on Friday whic...
Asia shares flat, dollar restrained by Japan caution
Asia shares flat, dollar restrained by Japan caution
Source: Reuters
2024-03-25 09:32:43 am
Intervention threat curbs dollar`s ascent towards new high on the yen The dollar was on the front foot on Monday and kept the yen pinned near a multi-decade low, though the threat of currency intervention from Japanese authorities prevented the greenback from heading further north. The yen last stood at 151.25 per dollar, having bottomed at a four-month trough of 151.86 last week that left it within striking distance of a 32-year low near 152 per dollar hit in 2022. Japan's top currency diplomat said on Monday the yen's current weakness did not re...
Intervention threat curbs dollar`s ascent towards new high on the yen
Intervention threat curbs dollar`s ascent towards new high on the yen
Source: Reuters
2024-03-25 09:14:06 am