Politics, Fed seen swaying Japan’s yen intervention thinking
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Federal Reserve’s Jackson Hole symposium this week looms as a key risk for Japanese authorities worried that new hawkish signals from U.S. central bankers could trigger another sharp yen selloff that would force Tokyo to prop up the currency. The annual gathering of Fed…
Dollar takes a breather, yen close to 146/$
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar eased from a two-month peak on Wednesday as investors looked to the Federal Reserve chair’s speech this week for cues on the path of monetary policy, while the yen loitered near 146 a dollar, keeping traders guessing on any intervention. The dollar index, which…
Dollar eases before Jackson Hole, yen rises amid intervention jitters
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar eased back from a 10-week peak versus major peers on Tuesday, even as Treasury yields marched to fresh post-financial crisis highs, as traders awaited a potentially crucial speech from Federal Reserve Chair Jerome Powell later this week. The yen pulled away from a nine-month…
Dollar near two-month high, investors eye intervention-zone yen
By Hannah Lang WASHINGTON (Reuters) – The dollar index hovered near a two-month high on Thursday after Federal Reserve meeting minutes left the door open for more rate hikes and data this week indicated a resilient U.S. economy. Investors continue to closely watch the Japanese yen, which touched the key 145 level for…
Dollar flat after retail sales data, yuan falls to 9-month low
By Hannah Lang WASHINGTON (Reuters) – The dollar index was flat after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China’s central bank unexpectedly cut key policy rates. U.S. retail sales jumped 0.7% last month, the Commerce Department said,…
Dollar hits highest in more than a month on China economy concerns
By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar hit more than a one-month high on Monday as investors sought a safe haven due to concerns about China’s economy, and traders braced for possible Japanese government intervention after the yen hit its lowest level since November. The dollar index, which tracks the currency…
US dollar recovers from inflation-related losses; yen slumps
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar reversed losses on Thursday, led by gains against the yen, as investors digested U.S. inflation numbers that showed a moderate increase last month, but are still way above the Federal Reserve’s 2% inflation target. The greenback climbed to five-week peaks against the yen of…
Dollar eases as risk sentiment improves, China moves to support yuan
By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar drifted lower in Asia on Wednesday as gains for European equity futures pointed to improved risk appetite despite fresh signs of the Chinese economy’s struggles. Dollar selling by state-owned Chinese banks helped the yuan rally off a one-month low even as the country slipped…
Dollar gains ground; Aussie, yuan slip after weak China trade data
By Rae Wee SINGAPORE (Reuters) – The dollar turned decisively higher on Tuesday as traders struggled to get a grip on the diverging growth outlooks between the world’s two largest economies, though they largely shrugged off another disappointing set of Chinese trade figures. China’s imports and exports fell much faster than expected in…
Dollar hits 4-week peak, then eases, sterling lower after BOE hike
By Herbert Lash NEW YORK (Reuters) -The dollar slid from a four-week peak on Thursday after U.S. labor market data failed to impress a day before a key jobs report, and as Treasury yields rose but eased at the short end. Nonfarm-productivity rose to an annualized 3.7% to help curb growth in labor…
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