Oil Edges Lower as Traders Weigh China Lockdowns, Libyan Strife
(Bloomberg) — Oil edged lower after a four-day run of gains as investors weighed the threat to energy consumption from a slew of lockdowns in major centers in China against interruptions to crude supplies from Libya. West Texas Intermediate dropped below $108 a barrel in early Asian trading after closing at the highest…
Euro boosted by French election, dollar near two-year highs
By Karen Brettell NEW YORK (Reuters) – The dollar held just below two-year highs against a basket of currencies on Monday, still supported by higher U.S. Treasury yields, while the euro rallied after French leader Emmanuel Macron beat far-right challenger Marine Le Pen in the first round of presidential voting. U.S. Treasury yields…
Dollar buoyant as Fed readies to step up inflation fight
By Tom Westbrook SINGAPORE (Reuters) – The dollar hovered near a two-year high against a basket of currencies on Thursday, after meeting minutes showed the Federal Reserve preparing to move aggressively to head off inflation. The U.S. dollar index, which measures the greenback against six majors, touched its highest since May 2020 overnight…
Asian stocks skid, bond yields rise after hawkish Fed comments
By Daniel Leussink TOKYO (Reuters) – Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over its invasion of Ukraine. U.S. Treasury yields hit multi-year highs and…
BOJ’s Kuroda cautions that recent yen moves have been ‘somewhat rapid’
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor (BOJ) Haruhiko Kuroda said on Tuesday the yen’s recent moves were “somewhat rapid,” joining a chorus of policymakers who have warned that sharp falls in the currency could hurt the country’s import-reliant economy. But Kuroda also repeated his view that a weak yen benefits…
Japan has little to cheer on weak yen, says former currency diplomat Furusawa
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – Japan has little to cheer about a weak yen, which reflects its deteriorating economic fundamentals and trade deficit, the country’s former top currency diplomat Mitsuhiro Furusawa said. But monetary policy is not the right tool to curb yen falls, Furusawa said, brushing aside speculation…
Improved risk sentiment and high commodity prices help Aussie, hurt yen
By Alun John HONG KONG (Reuters) – The Australian dollar marched higher and the Japanese yen continued its slide on Wednesday, as markets turned more positive on riskier assets and high commodity prices drove developments. The Australian dollar hit its highest level since December 2015 versus the yen, having gained 8% in March…
Daily Outlook for 23rd March 2022
Daily Outlook for 23rd March 2022
Daily Outlook for 22th March 2022
Daily Outlook for 22th March 2022
Asia in cautious mood, yen near six-year low
By Wayne Cole SYDNEY (Reuters) – Asian share markets started the week in a cautious mood on Monday as investors clung to hopes for an eventual peace deal in Ukraine, but the fighting raged on with no sign of stopping. Turkey’s foreign minister said on Sunday that Russia and Ukraine were nearing agreement…
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