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Search resuls for: "Tokyo perked"


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The dollar index , which measures the U.S. currency against six rivals, rose 0.173% to 104.25, the highest since June 7. The index is up more than 2% in August and is set to snap its two-month losing streak. Wong said Powell is likely to stress that policy outcome remains highly dependent on economic data. "He does not need to be dovish but a less hawkish speech could see dollar ease off." The Australian dollar eased 0.20% to $0.641, while the New Zealand dollar fell 0.27% to $0.590.
Persons: Dado Ruvic, Jerome Powell, Powell, Christopher Wong, Wong, Patrick Harker, Susan Collins, Tom Hopkins, I'd, Ankur Banerjee, Jacqueline Wong Organizations: REUTERS, Rights, U.S, Federal, Jackson, Federal Reserve, Philadelphia Fed, Boston Fed, BRI Wealth Management, Bank of Japan, New Zealand, Thomson Locations: U.S, Singapore, Japan's Tokyo, Tokyo
SINGAPORE, June 30 (Reuters) - The yen weakened past the closely watched 145 per dollar level on Friday, keeping traders wary of potential intervention by Japanese authorities, while the yuan crept higher as hopes for further stimulus from Beijing gathered steam. The onshore yuan fell to its lowest since November at 7.2615 per dollar shortly after trading opened on Friday, but was last marginally higher at 7.2505 per dollar. "PMIs released... reinforced the need for stimulus support. The Australian dollar , often used as a liquid proxy for the yuan, tracked the Chinese currency higher and rose 0.29% to $0.6635. Further clarity on the bloc's inflation outlook will come later on Friday, with June's flash inflation data due to be released.
Persons: Shunichi Suzuki, Saktiandi Supaat, PMIs, Christopher Wong, Carol Kong, Sterling, Elwin de Groot, Rae Wee, Sam Holmes Organizations: Bank of Japan's, Japan's Finance, Tokyo perked, New Zealand, U.S, U.S . Federal Reserve, Commerce Department, Commonwealth Bank of Australia, Bank of England, Central Bank, Rabobank, Thomson Locations: SINGAPORE, Beijing, Asia, Tokyo, U.S
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