Asia shares up, rising yields lift dollar as oil surges
By Wayne Cole SYDNEY (Reuters) – Asian shares edged higher on Monday courtesy of gains in China which also helped U.S. stock futures pare early losses, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last…
Dollar firm as China Evergrande nerves resurface
By Tom Westbrook SINGAPORE (Reuters) – The dollar found support just below last week’s peaks on Monday as renewed concerns about China’s property sector and looming U.S. labour data put investors in a cautious mood. The greenback scaled a 14-month high on the euro and a 19-month top on the yen last week…
Dollar heads for best week in months as Fed tightening looms
By Tom Westbrook SINGAPORE (Reuters) – The dollar began the last quarter of 2021 near its highest levels of the year and headed for its best week since June, as currency markets braced for U.S. interest rates to rise before those of major peers. The euro slipped 0.1% early on Friday to $1.1572…
Dollar near one-year high as Fed tightening in focus
By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-year high versus major peers on Thursday, following a two-day surge amid expectations for a tapering of Federal Reserve stimulus from November and a possible interest rate hike in late 2022. The safe-haven greenback also saw a bid on worries the Fed…
Dollar stands tall as traders brace for tapering
By Tom Westbrook SINGAPORE (Reuters) – The dollar traded near its highest levels of the year on Wednesday, after driving higher with U.S. yields and benefiting from investor nervousness about the Federal Reserve starting to withdraw policy support just as global growth headwinds gather. The dollar rose broadly overnight to lift the dollar…
Yen weakens to 111 per dollar as U.S. Treasury yields soar
By Kevin Buckland TOKYO (Reuters) – The yen traded near an almost three-month low to the dollar and reached a two-week trough versus the euro on Tuesday, as rising bond yields in the U.S. and Europe lured Japanese investors. The yen was little changed at 110.985 per dollar, not far from Monday’s low…
Gold Up as China Evergrande Concerns Continue
By Gina Lee Investing.com – Gold was up on Monday morning in Asia, with risk appetite decreasing as concerns over China Evergrande Group’s (HK:3333) debt situation, and its potential economic impact, continue. Gold futures were up 0.43% to $1,759.30 by 11:40 PM ET (3:40 AM GMT). China’s Ministry of Housing and Urban-Rural Development…
6 FOMC Takeaways, but Evergrande USD Payment is Biggest Risk
By Kathy Lien Investors drove the U.S. dollar sharply higher after the Federal Reserve made it very clear that they are ready to reduce asset purchases. According to Fed Chairman Jerome Powell, it is “time to begin taper” and “if the economy progresses as expected, they may move at the next meeting.” But…
FOMC Preview: Will Fed Give Taper Start Date?
By Kathy Lien There are only 3 more Federal Reserve monetary policy announcements before the end of the year. If Fed Chairman Jerome Powell wants to give the market ample time to prepare for tapering asset purchases, they will need to make some type of announcement tomorrow. There’s no doubt that the topic…
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