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…
Correlations Tight As Dow Meltdown Triggers FX Crash
By Kathy Lien This is one of the busiest trading weeks of the year and for this very reason, volatility in the stock market as measured by the VIX rose to its highest level in 4 months. The Dow Jones Industrial Average tumbled more than -900 points intraday, settling down -600. The S&P…
Dollar holds upper hand after retail sales boost
By Hideyuki Sano TOKYO (Reuters) – The dollar held near three-week highs against a basket of major currencies on Friday after a raft of strong U.S. economic data rekindled expectations for earlier policy tightening by the U.S. Federal Reserve. U.S. retail sales unexpectedly increased in August, rising 0.7% from the previous month despite…
Dollar sluggish as traders bide time before Fed meeting; kiwi jumps
By Kevin Buckland TOKYO (Reuters) – The dollar drifted near the middle of its range of the past month versus major peers on Thursday, as traders looked to next week’s Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus. The New Zealand dollar jumped…
Dollar drifts as soft inflation raises taper timing questions
By Kevin Buckland TOKYO (Reuters) – The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year. The dollar index stood at 92.632, little changed from Tuesday, when it dropped following the inflation data only to recover on…
FX: Top 10 Events to Watch this Week
By Kathy Lien September is a busy month. For investors, asset price movements will be determined by central bank rate decisions, employment reports and elections. There are no monetary policy announcements this week but inflation and spending reports from the U.S. and U.K. will shape expectations for next week’s Federal Reserve and Bank…
Dollar set for first winning week in three with Fed in focus
By Kevin Buckland TOKYO (Reuters) – The dollar headed for its first winning week in three on Friday after rebounding from a payrolls-induced sell-off, as investors continued to ponder the timing of a tapering of Federal Reserve stimulus. The dollar index, which gauges the greenback against six major peers, was little changed on…
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