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Dollar hovers near 3-week high before Fed; bitcoin tops $105,000 The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of J...
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Source: Reuters
2024-12-16 09:22:28 am
Indian rupee to face renewed pressure as US yields climb The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. The 1-month non-deliverable forward indicate that the rupee will open at 84.82-84.83 to the U.S. dollar compared with its previous close of 84.7875. The local currency inched up 0.1% on Friday, thanks to likely dollar sales by the central bank and possible inflows, according to traders. "In the context" of h...
Indian rupee to face renewed pressure as US yields climb
Indian rupee to face renewed pressure as US yields climb
Source: Reuters
2024-12-16 08:59:40 am
Rupee weakness to persist on rally in dollar, US yields The Indian rupee will have to contend with the higher run in the U.S. dollar and yields at the open on Friday, which may push the local currency to a new all-time low. The one-month non-deliverable forward indicated that the rupee will open at 84.87-84.88 to the dollar, compared with 84.8575 in the previous session and near the all-time low of 84.88 hit on Thursday. The dollar index climbed past the 107 handle in the New York session on Thursday to its highest in more than two weeks. Th...
Rupee weakness to persist on rally in dollar, US yields
Rupee weakness to persist on rally in dollar, US yields
Source: Reuters
2024-12-13 08:57:11 am
Rupee to bypass recovery in Asian peers on worries over outflows The Indian rupee is likely to hover near its all-time low on Friday as concerns about portfolio outflows override the recovery in Asian peers. The 1-month non-deliverable forward indicated the rupee will open at 84.4850-84.4950 to the U.S. dollar, nearly unchanged from its close on Thursday and near the lifetime low of 84.5075 hit late last week. Foreign investors took out nearly $1.4 billion from Indian equities on Thursday, preliminary exchange data showed, spurring a 1.5% slump in th...
Rupee to bypass recovery in Asian peers on worries over outflows
Rupee to bypass recovery in Asian peers on worries over outflows
Source: Reuters
2024-11-29 08:51:23 am
Dollar gains after Trump vows tariffs against Mexico and Canada The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada. The dollar rose over 2% against the Mexican peso and 1% against its Canadian counterpart. The dollar has been on the back foot in the past few days as U.S. Treasury markets cheered Trump's pick of hedge fund manager Scott Bessent for U.S. Treasury secretary. ...
Dollar gains after Trump vows tariffs against Mexico and Canada
Dollar gains after Trump vows tariffs against Mexico and Canada
Source: Reuters
2024-11-26 09:07:08 am
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment. The dollar traded not far from last w...
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Source: Reuters
2024-11-11 09:15:41 am
Stocks rise, Treasuries under pressure as Trump impact weighed World stocks gained on Thursday after a record rise for U.S. shares overnight, and U.S. Treasuries remained under pressure as investors processed a second Donald Trump presidency, ahead of policy decisions from the Fed and other major central banks. Europe's broad STOXX 600 index was last up 0.5% after Asian shares had gained earlier in the day, with even onshore Chinese blue chips rising 3% as investor optimism over potential stimulus outweighed concerns about worsening trade tensions...
Stocks rise, Treasuries under pressure as Trump impact weighed
Stocks rise, Treasuries under pressure as Trump impact weighed
Source: Reuters
2024-11-07 10:43:20 am
Rupee slips in NDF market amid US election updates   The Indian rupee declined in the non-deliverable forward market, bogged down by a jump in the dollar index and weakness in Asian peers amid U.S. election updates. The 1-month USD/INR non-deliverable forward was quoted at 84.28/84.32. If these levels were to hold, then the rupee would open at around 84.18, compared to 84.1075 on Tuesday and past its all-time low of 84.1275. The dollar strengthened across the board amid U.S. election updates, which showed Republican candidate Do...
Rupee slips in NDF market amid US election updates
Rupee slips in NDF market amid US election updates
Source: Reuters
2024-11-06 08:34:26 am
Dollar calm as investors eye US jobs report, election The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session. The U.S. dollar started the month off at a lower level after coming under pressure against the yen and on T...
Dollar calm as investors eye US jobs report, election
Dollar calm as investors eye US jobs report, election
Source: Reuters
2024-11-01 09:09:53 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
Rupee undermined by weak risk, soft dollar supports The Indian rupee is expected to open little changed on Thursday, amid losses in Asian shares and U.S. equity futures and a pause in the dollar's upward momentum. The 1-month non-deliverable forward indicated that the rupee will open largely unchanged from 84.0775 per U.S. dollar in the previous session, when it hit an all-time low of 84.09. The local currency has been in a very narrow range so far this week, just like last week. The Reserve Bank of India's insistence on not allo...
Rupee undermined by weak risk, soft dollar supports
Rupee undermined by weak risk, soft dollar supports
Source: Reuters
2024-10-31 09:05:40 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
Rupee to receive help from pullback in US yields, relief for Asia FX The Indian rupee will be supported on Wednesday by the dip in U.S. Treasury yields and a reprieve for its Asian peers. The one-month non-deliverable forward indicated the rupee will open flat to marginally higher than its close of 84.0750 per U.S. dollar in the previous session. The 10-year U.S. Treasury yield retreated, having hit a four-month high on Tuesday, and the dollar index inched lower. Asian currencies were range-bound. "All this (the soft dollar) will do is very sligh...
Rupee to receive help from pullback in US yields, relief for Asia FX
Rupee to receive help from pullback in US yields, relief for Asia FX
Source: Reuters
2024-10-30 08:50:15 am
Asian stocks mixed, dollar drifts before megacap earnings, jobs data Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges - the JOLTS job openings report - due on Tuesday, ahead of highly anticipated monthly non-farm payrolls data on Friday. U.S. Treasury yields eased from three-month peaks. The ye...
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Source: Reuters
2024-10-29 09:15:48 am
Rupee to remain defiant in face of higher U.S. yields, outflows The Indian rupee is likely to open little changed on Tuesday, remaining unresponsive to U.S. Treasury yields, outflows and other external cues amid possible intervention from the Reserve Bank of India. The 1-month non-deliverable forward indicated that the rupee will open nearly unchanged from 84.0775 in the previous session. The local currency for two-and-a-half weeks has been stuck in a narrow 10-paisa range with the RBI not wanting the rupee to fall more. The central bank has been...
Rupee to remain defiant in face of higher U.S. yields, outflows
Rupee to remain defiant in face of higher U.S. yields, outflows
Source: Reuters
2024-10-29 09:05:27 am
Rupee to round off a quiet week clinging to all-time low The Indian rupee will be caught between a softer dollar on one side and outflows on the other on the last day of a week in which the local currency has held a 3 paisa range - its narrowest this year - and dropped to a lifetime low. The 1-month non-deliverable forward indicated that the rupee will open nearly unchanged at 84.0775 in the previous session. The rupee has been in the 84.0550-84.0825 range this week largely thanks to a central bank that is helping the currency in the backdrop...
Rupee to round off a quiet week clinging to all-time low
Rupee to round off a quiet week clinging to all-time low
Source: Reuters
2024-10-25 09:36:35 am
Yen wobbles, vulnerable to political reverberations The yen languished near a three-month trough on Friday and was headed for a fourth straight weekly loss, ahead of an election in Japan over the weekend that is likely to complicate the Bank of Japan's (BOJ) policy normalisation plans. In the broader market, the dollar retreated from its recent highs as it tracked U.S. Treasury yields lower, though it remained on course for yet another weekly gain. Japanese voters will head to the polls on Sunday for a general election, with polls sh...
Yen wobbles, vulnerable to political reverberations
Yen wobbles, vulnerable to political reverberations
Source: Reuters
2024-10-25 09:22:57 am
Asia shares fall on US election anxiety; Tesla earnings provide some cheer Asian shares fell on Thursday, while the dollar held near three-month highs and U.S. yields rose as uncertainty over the U.S. election outcome kept markets on edge, though Tesla's forecast-topping earnings provided some comfort for investors. The combination of higher U.S. Treasury yields, U.S. election uncertainty and growing bets the Federal Reserve may be more restrained in their easing pace capped risk sentiment. Adding to the market nerves is rising expectations of a possible retu...
Asia shares fall on US election anxiety; Tesla earnings provide some cheer
Asia shares fall on US election anxiety; Tesla earnings provide some cheer
Source: Reuters
2024-10-24 08:48:54 am
Rupee to hold near all-time low on higher US yields, upbeat dollar  The Indian rupee is likely to hold near lifetime low on Wednesday after U.S. Treasury yields climbed to a three-month high with eyes on the presidential election, helping the dollar extend its rally. The 1-month non-deliverable forward indicated that the rupee will open at 84.0750-84.0850 to the U.S. dollar compared with 84.0775 in the previous session and the all-time low of 84.0825 hit on Tuesday. The run-up in the dollar and U.S. yields, and the selloff in Indian equities amid ...
Rupee to hold near all-time low on higher US yields, upbeat dollar
Rupee to hold near all-time low on higher US yields, upbeat dollar
Source: Reuters
2024-10-23 09:14:20 am
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed for three weeks as expectation for aggressive rate hikes from the Federal Reserve has faded after a slew of upbeat economic data. Markets now have a 91...
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure
Source: Reuters
2024-10-23 08:48:15 am
Stocks stumble, dollar and gold rise as traders weigh US rates, election Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place major bets ahead of a hotly contested U.S. election. The shifting expectations around how fast and deep the Federal Reserve will cut rates have also hurt risk sentiment, with traders now anticipating the U.S. central bank to be measured in its easing. That has taken U.S. Treasury yields to a...
Stocks stumble, dollar and gold rise as traders weigh US rates, election
Stocks stumble, dollar and gold rise as traders weigh US rates, election
Source: Reuters
2024-10-23 08:43:06 am
Gold ticks up as Treasury yields slip; US retail sales data in focus Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce by 0217 GMT, $17 shy of a record high hit last month. U.S. gold futures gained 0.2% to $2,683.80. The 10-year Treasury yields slipped for a third straight session, making zero-yield bullion more appealing. [US/]...
Gold ticks up as Treasury yields slip; US retail sales data in focus
Gold ticks up as Treasury yields slip; US retail sales data in focus
Source: Reuters
2024-10-16 09:11:03 am
Gold eases as dollar firms; focus on Fed cues, US data  Gold prices edged lower on Tuesday, pressured by a stronger dollar, while market participants awaited minutes of the Federal Reserve's last meeting and economic data for further cues on U.S. interest rate path. Spot gold was down 0.2% to $2,639.45 per ounce, as of 0303 GMT. U.S. gold futures lost 0.3% to $2,658.70. The dollar index hovered near a seven-week high, making bullion more expensive for holders of other currencies, while the benchmark U.S. Treasury 10-year yield t...
Gold eases as dollar firms; focus on Fed cues, US data
Gold eases as dollar firms; focus on Fed cues, US data
Source: Reuters
2024-10-08 09:11:42 am
Rupee to rely on central bank support amid higher US yields, outflows  The Indian rupee is expected to hold near all-time lows on Tuesday amid the 10-year U.S. Treasury yields hitting the highest in two months and relentless equity outflows. The Reserve Bank of India, however, is expected to not let the rupee slip past the psychologically important 84 handle. The 1-month non-deliverable forward indicated that the rupee will open largely unchanged from 83.9775 in the previous session and just shy of the 83.9850 lifetime low hit last month. The U.S....
Rupee to rely on central bank support amid higher US yields, outflows
Rupee to rely on central bank support amid higher US yields, outflows
Source: Reuters
2024-10-08 08:56:11 am
Japan leads Asia stock rally, dollar gains after blowout US payrolls  Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of a recession and spurred a sharp paring of rate-cut bets. Short-term U.S. Treasury yields rose after the closely watched non-farm payrolls report on Friday showed the economy unexpectedly added the most jobs in six months in September. Crude oil prices eased from a one-month peak even as Israel bombed targets in Lebanon and the Gaza Strip, with ...
Japan leads Asia stock rally, dollar gains after blowout US payrolls
Japan leads Asia stock rally, dollar gains after blowout US payrolls
Source: Reuters
2024-10-07 08:48:11 am
Stocks, oil slide as growth worries resurface Asian shares and global stock futures tumbled on Wednesday while oil prices hit multi-month lows as a sharp tech selloff on Wall Street and resurgent worries about U.S. growth drove investors out of risky assets. Japan's Nikkei led the slump in Asia, falling more than 3%, while MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.6% in early trade. September has historically been a bad month for stocks, though analysts pointed to a confluence of factors behind the r...
Stocks, oil slide as growth worries resurface
Stocks, oil slide as growth worries resurface
Source: Reuters
2024-09-04 08:43:19 am
Dollar set to snap 5-week losing streak as Fed cut bets pared The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for European Central Bank easing. The yen held near the closely watched 145 per dollar level after weakening on Thursday, as the greenback tracked a rise in U.S. Treasury yiel...
Dollar set to snap 5-week losing streak as Fed cut bets pared
Dollar set to snap 5-week losing streak as Fed cut bets pared
Source: Reuters
2024-08-30 09:05:14 am
Rupee to rise after Powell reinforces expectations of Fed rate cut in September The Indian rupee is expected to rise on Monday, after U.S. Federal Reserve Chair Jerome Powell comments nearly confirmed a September rate cut, spurring a further drop in the dollar. The 1-month non-deliverable forward indicated that the rupee will open at 83.80-83.82 to the U.S. dollar, compared with 83.89 in the previous session. The dollar index is near its lowest in more than a year after Powell said on Friday at the Fed's Jackson Hole symposium that "the time had come for p...
Rupee to rise after Powell reinforces expectations of Fed rate cut in September
Rupee to rise after Powell reinforces expectations of Fed rate cut in September
Source: Reuters
2024-08-26 08:56:58 am
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Reserve Chair Jerome Powell confirmed the United States would soon begin interest rate cuts. Powell, in remarks on Friday at the annual economic symposium in Jackson Hole, Wyoming, said "the time has come" to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of ...
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Source: Reuters
2024-08-24 08:46:33 am
Gold faces weekly fall as Fed's Jerome Powell grabs limelight Gold prices inched up on Friday but were set for a weekly decline after slipping from record highs, as the U.S. dollar and Treasury yields rebounded ahead of Federal Reserve Chair Jerome Powell's speech that could give clues on interest rate cuts. Spot gold rose 0.2% to $2,488.74 per ounce by 0257 GMT and U.S. gold futures gained 0.3% to $2,524.30. Bullion, which hit an all-time high of $2,531.60 on Tuesday, has fallen nearly 1% this week, hurt by a bounce in dollar index and benchm...
Gold faces weekly fall as Fed's Jerome Powell grabs limelight
Gold faces weekly fall as Fed's Jerome Powell grabs limelight
Source: Reuters
2024-08-23 09:10:57 am
Stocks lose steam as investors zoom in on US jobs, Federal Reserve Asian shares slipped on Wednesday as a stellar rebound in world stocks paused for breath, while bond yields and the dollar fell ahead of U.S. economic data and speeches from policymakers that are expected to make the case for interest rate cuts. The S&P 500 snapped eight sessions of gains with a 0.2% overnight drop. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%. Hong Kong's Hang Seng slumped 1.4% with JD.com dropping 11% after Bloomberg News reported t...
Stocks lose steam as investors zoom in on US jobs, Federal Reserve
Stocks lose steam as investors zoom in on US jobs, Federal Reserve
Source: Reuters
2024-08-21 08:52:08 am
Japanese stocks head for best week in 4 years as receding growth fears lift markets Asia shares were headed for a weekly gain on Friday and Japan's benchmark Nikkei was poised for its best week in over four years as upbeat risk sentiment spilled over from Wall Street, while the dollar and U.S. Treasury yields held broadly steady. Last week's market turmoil was replaced by calmer conditions this week after a raft of U.S. economic data allayed recession fears in the world's largest economy and pushed back against expectations for aggressive U.S. rate cuts. &q...
Japanese stocks head for best week in 4 years as receding growth fears lift markets
Japanese stocks head for best week in 4 years as receding growth fears lift markets
Source: Reuters
2024-08-16 08:43:56 am
Gold rebounds as hopes for US Fed rate cut stay firm  Gold prices rose on Thursday, a day after U.S. inflation data suggested the Federal Reserve might reduce interest rates next month though the extent of cuts remains uncertain, prompting investors to await further economic indicators. Spot gold was up 0.5% at $2,460.38 per ounce as of 1131 GMT, just $23 shy of the record high of $2,483.60 reached last month. U.S. gold futures rose 0.7% to $2,497.70. "Gold continues to find resistance in the $2,475-80 area with traders increasi...
Gold rebounds as hopes for US Fed rate cut stay firm
Gold rebounds as hopes for US Fed rate cut stay firm
Source: Reuters
2024-08-15 12:07:35 pm
Asia stocks firm, dollar sags with US yields on Fed cut bets  Asian stocks were firm on Thursday while the dollar remained on the back foot amid lower U.S. Treasury yields after benign consumer inflation data overnight reinforced bets for the Federal Reserve to start cutting interest rates next month. Regional equities took their lead from gains on Wall Street, with Japan's Nikkei rising 0.5% as of 0139 GMT and Australia's stock benchmark up 0.1%. Mainland Chinese blue chips added 0.4%, although Hong Kong's Hang Seng slipped 0.3%...
Asia stocks firm, dollar sags with US yields on Fed cut bets
Asia stocks firm, dollar sags with US yields on Fed cut bets
Source: Reuters
2024-08-15 09:44:39 am
Gold drifts higher on Mideast tensions, US rate outlook Prices of safe-haven gold edged higher on Thursday, supported by Middle East tensions and optimism surrounding U.S. rate cuts, while traders awaited economic data for clues on the Federal Reserve's policy trajectory. Spot gold was up 0.3% at $2,389.42 per ounce, as of 0331 GMT. U.S. gold futures slipped 0.2% to $2,428.40. Longer-term fundamentals look supportive for gold, which include geopolitical tensions in the Middle East and the downward trajectory of the U.S. treasury yields, ...
Gold drifts higher on Mideast tensions, US rate outlook
Gold drifts higher on Mideast tensions, US rate outlook
Source: Reuters
2024-08-08 09:33:03 am
Tech leads Asia stock selloff, yen gains in volatile week for markets  Tech shares led a selloff in stock markets around Asia, while the yen and U.S. bonds rebounded, as global investors struggled to find their footing in a wild week for markets. Japan's Nikkei share average was last down 1%, having earlier slumped as much as 2.5%, with chip-sector shares the biggest drag on the index. That left the Nikkei down more than 3% for the week, following Monday's 12.4% plunge, despite the ensuing two-day rebound. Elsewhere, Taiwan's tech-heavy s...
Tech leads Asia stock selloff, yen gains in volatile week for markets
Tech leads Asia stock selloff, yen gains in volatile week for markets
Source: Reuters
2024-08-08 08:41:26 am
RBI's firm grip to keep rupee anchored in narrow range The outlook for the Indian rupee has barely changed from last month as the Reserve Bank of India's interventions keep the currency, deemed expensive compared with its peers, in a tight range, according to a Reuters poll of foreign exchange analysts. A sharp fall in global equities related to sudden liquidation of carry trades, where investors borrow in cheap currencies to invest in higher yielding assets elsewhere, pushed the rupee to an all-time low of 83.96 per dollar on Tuesday.&nbs...
RBI's firm grip to keep rupee anchored in narrow range
RBI's firm grip to keep rupee anchored in narrow range
Source: Reuters
2024-08-07 08:56:27 am
Gold prices inch lower as US dollar, yields rebound Gold prices edged lower on Wednesday as the U.S. dollar and Treasury yields firmed, while bets of a September rate cut from the Federal Reserve limited further losses. FUNDAMENTALS * Spot gold was down 0.2% at $2,385.23 per ounce, as of 0155 GMT. U.S. gold futures fell 0.3% to $2,425.50. * The dollar recovered ground, making bullion more expensive for other currency holders. While, the benchmark U.S. 10-year Treasury yields edged higher. [USD/] * Markets see a 70% chance of 50-bas...
Gold prices inch lower as US dollar, yields rebound
Gold prices inch lower as US dollar, yields rebound
Source: Reuters
2024-08-07 08:46:38 am
Stocks routed by US recession risk, bonds bet on rapid rate cuts Share markets tumbled and bonds rallied in Asia on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Investors began where they finished on Friday by knocking Nasdaq futures down 2.27%, while S&P 500 futures dropped 1.41%. EUROSTOXX 50 futures fell 0.6% and FTSE futures 0.2%. Japan's Nikkei shed a staggering 5.5% to hit seven-month lows, marking its bi...
Stocks routed by US recession risk, bonds bet on rapid rate cuts
Stocks routed by US recession risk, bonds bet on rapid rate cuts
Source: Reuters
2024-08-05 09:06:45 am
Yen rises to 7-month highs as US slowdown fears carry over Japan's yen hit mid-January highs against the dollar at Asia open on Monday, as markets extended moves triggered last week after weak U.S. labour data stoked recession worries and expectations of deeper rate cuts by the Fed. Friday's job data, coming on top of a string of weak earnings reports from large technology firms and heightened concerns over the Chinese economy, drove a global selloff in stock markets, oil and high-yielding currencies as investors sought the safety of cash....
Yen rises to 7-month highs as US slowdown fears carry over
Yen rises to 7-month highs as US slowdown fears carry over
Source: Reuters
2024-08-05 08:56:15 am
Rupee to hover near record low, central bank counted on to support The Indian rupee is likely to hover near its all-time low at open on Friday, unable to benefit from a drop in U.S. bond yields, with traders expecting intervention from the Reserve Bank of India to continue limiting the currency's losses. Non-deliverable forwards indicate rupee will open at around 83.73-83.74 against the U.S. dollar, marginally weaker than its close at 83.7175 in the previous session. The rupee had declined to its all-time low of 83.7450 on Wednesday. The local c...
Rupee to hover near record low, central bank counted on to support
Rupee to hover near record low, central bank counted on to support
Source: Reuters
2024-08-02 09:16:42 am
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve The dollar and yen kept within close ranges on Tuesday as traders awaited a barrage of key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve. The Japanese currency was taking a breather from its recent rally as the BOJ began its two-day meeting on Tuesday, having surged over 2% against the dollar last week. A slew of factors have collided to help the yen strengthen from the 38-year low of 161.96 hit against the dollar at...
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve
Source: Reuters
2024-07-30 08:46:08 am
Asia shares rebound, hoping for dovish outlooks in US and UK Asian shares bounced on Monday into a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to easing, while Japan might lift borrowing costs in a step toward "normality". Oil prices inched up on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. [O/R] Also due this week is the U...
Asia shares rebound, hoping for dovish outlooks in US and UK
Asia shares rebound, hoping for dovish outlooks in US and UK
Source: Reuters
2024-07-29 09:14:17 am
Aussie, kiwi dollars struggle on China's rate cuts; yen gains The Australian and New Zealand dollars struggled to regain their footing on Tuesday after China's move to cut several key interest rates, while the yen rose ahead of Bank of Japan's (BOJ) policy meeting at the end of the month. China on Monday surprised markets by cutting major short and long-term interest rates in its first such broad move since last August, signalling intent to boost growth in the world's second-largest economy. The two Antipodean currencies, often used as...
Aussie, kiwi dollars struggle on China's rate cuts; yen gains
Aussie, kiwi dollars struggle on China's rate cuts; yen gains
Source: Reuters
2024-07-23 08:34:55 am
Rupee to inch up on relief for Asia FX after weak US data The Indian rupee is expected to open higher on Thursday after weak U.S. services and labor data prompted a drop in the dollar index and U.S. Treasury yields, spurring a recovery in Asian currencies. Non-deliverable forwards indicate the rupee will open at 83.50 to the U.S. dollar, compared with 83.53 in the previous session. The dollar index dropped on Wednesday and dipped further during Asian hours. Asian currencies, which have broadly been under pressure, recovered on the day. The ...
Rupee to inch up on relief for Asia FX after weak US data
Rupee to inch up on relief for Asia FX after weak US data
Source: Reuters
2024-07-04 08:52:43 am
Rupee expected to decline on the back of rising US yields  The Indian rupee is expected to decline at the open on Tuesday, weighed down by a further rise in U.S. Treasury yields amid increasing expectations of Donald Trump winning the U.S. presidency. Non-deliverable forwards indicate the rupee will open at 83.47-83.48 to the U.S. dollar, compared with 83.4375 in the previous session. Asian currencies were down between 0.1% and 0.5%, with the offshore Chinese yuan dipping below 7.3050 to the U.S. dollar. In line with Asia, the rupee will ...
Rupee expected to decline on the back of rising US yields
Rupee expected to decline on the back of rising US yields
Source: Reuters
2024-07-02 08:43:40 am
Battered yen pinned near multi-decade low amid resilient dollar  The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the currency. In the broader market, the dollar was on the front foot and stood near an eight-week high against a basket of currencies, helped in part by a weaker yen and as it rose in step with U.S. Treasury yields. The yen edged a marginal 0.1% higher to 160.63 per dollar in the early Asi...
Battered yen pinned near multi-decade low amid resilient dollar
Battered yen pinned near multi-decade low amid resilient dollar
Source: Reuters
2024-06-27 09:12:13 am
Gold edges higher on softer yields; US inflation data in focus Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Spot gold was up 0.2% at $2,325.53 per ounce as of 0333 GMT, after falling more than 1% on Friday. U.S. gold futures rose 0.3% to $2,338.10. Benchmark 10-year U.S. Treasury yields edged down, making non-yielding bullion more attractive for i...
Gold edges higher on softer yields; US inflation data in focus
Gold edges higher on softer yields; US inflation data in focus
Source: Reuters
2024-06-24 09:44:39 am