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☆ Sliding yen raises intervention threat, dollar reigns
▼ + stars: | 2023-09-25 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "I don't think the level matters that much and will be the trigger (for intervention). Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.05% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.58.

Persons: Florence Lo, Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling, Thierry Wizman, Rae Wee, Christopher Cushing Organizations: U.S, REUTERS, Rights, Bank of Japan, Reserve, Commonwealth Bank of Australia, Treasury, Bank, Fed, New Zealand, Thomson Locations: Rights SINGAPORE, Washington, Japan, U.S

☆ Sliding yen stokes intervention threat; dollar reigns
▼ + stars: | 2023-09-25 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "I don't think the level matters that much and will be the trigger (for intervention). Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.04% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.57 in early Asia trade.

Persons: Florence Lo, Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling steadied, Thierry Wizman, Rae Wee Organizations: U.S, REUTERS, Rights, Bank of Japan, Reserve, Commonwealth Bank of Australia, Treasury, Bank, Fed, New Zealand, Thomson Locations: Rights SINGAPORE, Washington, Japan, U.S, Asia

☆ Sliding yen stokes intervention threat, dollar reigns
▼ + stars: | 2023-09-25 | by ( ) www.cnbc.com time to read: +3 min

An employee counts Japanese 10,000 yen banknotes at the Birdy Exchange in Hong Kong, China. Several factors were supporting the recovery in the Japanese yen on Tuesday. Yellen said last week whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Elsewhere, the euro gained 0.04% to $1.0649, after having fallen to a six-month low of $1.0615 on Friday against a stronger dollar. The dollar index , which on Friday touched an over six-month high, firmed at 105.57 in early Asia trade.

Persons: Kazuo Ueda, Governor Ueda, Carol Kong, Janet, Yellen, Sterling steadied, Thierry Wizman Organizations: Birdy, Bank of Japan, Reserve, Commonwealth Bank of Australia, U.S, Treasury, Bank, Fed, New Zealand Locations: Hong Kong, China, Washington, Japan, U.S, Asia

☆ These 10 China-focused ETFs are up this year — and one is expected to rise by another 40%
▼ + stars: | 2023-09-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Chinese stock markets have failed to perform in 2023. All three major indexes have lost money for investors over the past week, month, three months, six months, and year. As a result, shorting the Chinese currency has been one of the most profitable investments this year, according to analysis by CNBC Pro of FactSet's ETF performance data. CNBC Pro screened for global China-focused ETFs that have posted positive returns this year to date. A weighted average analysts' price target for companies in the ETF points toward a further 22.4% upside over the next 12 months, according to FactSet data.

Persons: Thierry Wizman, Goldman Sachs, Brent Organizations: Shenzhen Component, Shanghai, Index, U.S, CNBC Pro, Singapore ., London Stock Exchange, U.S ., Macquarie, People's Bank of, China Energy, New York Stock Exchange, bbl, Goldman, Dragon, China Communication Services Locations: Shenzhen, China, New York, London, Amsterdam, Frankfurt, Singapore, People's Bank of China, Macquarie, Dragon China, U.S

☆ Watch CNBC's full interview with Adam Crisafulli and Thierry Wizman
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Adam Crisafulli and Thierry WizmanAdam Crisafulli, Vital Knowledge founder and Thierry Wizman, Macquarie Group global interest rates and FX strategist, join 'Closing Bell Overtime, to talk the day's market action, the upcoming earnings slate and more.

Persons: Adam Crisafulli, Thierry Wizman Adam Crisafulli, Thierry Wizman Organizations: Vital Knowledge, Macquarie Group

☆ Nvidia owns this market and demand is off the charts, says Vital Knowledge's Adam Crisafulli
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia owns this market and demand is off the charts, says Vital Knowledge's Adam CrisafulliAdam Crisafulli, Vital Knowledge founder and Thierry Wizman, Macquarie Group global interest rates and FX strategist, join 'Closing Bell Overtime, to talk the day's market action, the upcoming earnings slate and more.

Persons: Vital, Adam Crisafulli Adam Crisafulli, Thierry Wizman Organizations: Nvidia, Vital Knowledge, Macquarie Group

☆ Dollar gains, crosses key 145 yen level
▼ + stars: | 2023-08-11 | by ( Herbert Lash | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. In the 12 months through July, the PPI rose 0.8% after a 0.2% gain the prior month. Prior to the inflation data, that chance was already above 85%. The stronger dollar led the yen to briefly touch 145.03 in late afternoon trade, its highest since June 30. Japan intervened in currency markets last September when the dollar rose past 145 yen, which prompted the Finance Ministry to buy the yen and push the pair back to around 140 yen.

Persons: Florence Lo, Thierry Wizman, Wizman, Everyone's, Marvin Loh, Loh, Moh Siong Sim, Herbert Lash, Alun John, Ankur Banerjee, Kirsten Donovan, William Maclean, Jonathan Oatis Organizations: U.S, REUTERS, Federal, PPI, Labor Department, Treasury, Singapore, Finance Ministry, Swiss, Thomson Locations: Macquarie, New York, Boston, Japan, London, Singapore

A jump in the number of people working part-time for economic reasons also suggested a weaker labor market, but the pace of job growth remains strong and with inflation still double the Fed's target rate, a rate hike this month is likely. "The Fed is being hawkish and that prevents the dollar from depreciating too much. After the jobs data, futures pointed to an 88.8% probability that the Fed hikes in three weeks. Adding a tailwind to the rally in the yen was some position-squaring among speculators, who have built up sizeable bearish positions, Hardman said. The Australian dollar rose 0.8% to $0.6681, but it is still battered by weak Chinese economic data and broad risk aversion.

Persons: Joe Manimbo, We're, Thierry Wizman, They've, Lee Hardman, Hardman, YEN, Herbert Lash, Amanda Cooper, Rae Wee, Sam Holmes, Mark Potter, Barbara Lewis, Marguerita Choy Organizations: Federal Reserves, Labor Department, Treasury, ECB, Strong U.S, Bank of Japan, Thomson Locations: U.S, Japan, New York, London, Singapore

☆ Watch CNBC's full interview with Unlimited Funds' Bob Elliott and Macquarie Group's Thierry Wizman
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Unlimited Funds' Bob Elliott and Macquarie Group's Thierry WizmanBob Elliott, Unlimited Funds co-founder, CEO and CIO, and Thierry Wizman, Macquarie Group global interest rates and foreign exchange strategist, join 'Closing Bell Overtime' to discuss the debt ceiling agreement, market reaction, and more.

Persons: Bob Elliott, Macquarie, Thierry Wizman Bob Elliott, Thierry Wizman Organizations: Funds, Macquarie Group

☆ Stocks and bonds are reflecting the need for tighter Fed policy, says Unlimited Funds' Bob Elliott
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks and bonds are reflecting the need for tighter Fed policy, says Unlimited Funds' Bob ElliottBob Elliott, Unlimited Funds co-founder, CEO and CIO, and Thierry Wizman, Macquarie Group global interest rates and foreign exchange strategist, join 'Closing Bell Overtime' to discuss the debt ceiling agreement, market reaction, and more.

Persons: Bob Elliott Bob Elliott, Thierry Wizman Organizations: Funds, Macquarie Group

May 28 (Reuters) - Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. "That's where the debt ceiling matters." In that case, "the impact on broader financial markets would likely be relatively muted," Daniel Krieter, director of fixed income strategy, BMO Capital Markets, said in a report. Some bankers said they fear financial markets may not have accounted for the risk of a liquidity drain from banks' reserves. Bankers put it to hope that the debt ceiling impasse would be resolved without significant dislocation to markets, but warn that's a risky strategy.

☆ ANALYST VIEW Investors react to tentative US debt ceiling deal
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +3 min

Where there were the most distortions from the uncertainty was in the credit markets and in the Treasury bill market... And so, I think Treasury bond yields will stay high for a while that supply is absorbed. "As far as the dollar goes, I'm inclined to think that it could strengthen the dollar a little bit because it will weaken the argument for de-dollarization. But not by much just a little bit more, because the dollar has already strengthened in the last few weeks quite a bit." Or whether those matters are going also going to be resolved with a long-term deal.

The Swedish crown weakened sharply after the country's central bank was less hawkish than expected, while the euro rebounded 0.65% from losses on Tuesday when jitters over U.S. regional banks buoyed the safe-haven dollar. But the market expects further rate hikes from the European Central Bank, a difference with the Fed that is driving currency moves. The euro rose 1.05% against the crown to a high of 11.426, set for its biggest one-day gain since early March. Sterling was last trading at $1.2462, up 0.44% on the day, while the yen strengthened 0.28% at 133.34 per dollar. Investor attention will firmly be on the slate of central bank meetings in the next few weeks with the Bank of Japan, under the new Governor Kazuo Ueda, holding its policy meeting later this week.

The underlying trend though for the dollar remained tilted to the downside and Wednesday's U.S. private sector jobs numbers affirmed that. The ADP National Employment report showed U.S. private employers hired far fewer workers than expected in March, suggesting a cooling labor market. Private employment increased by 145,000 jobs last month. Economists polled by Reuters had forecast private employment increasing 200,000. Another report on Wednesday also indicated continued economic weakness, this time in the services sector.

☆ Watch CNBC's full interview with Vital Knowledge's Adam Crisafulli and Macquarie Group's Thierry Wizman
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Vital Knowledge's Adam Crisafulli and Macquarie Group's Thierry WizmanVital Knowledge's Adam Crisafuli and Macquarie Group's Thierry Wizman, join 'Closing Bell: Overtime' to discuss the latest jobs report numbers and what that means for the market.

☆ Corporate America has underappreciated tailwinds, says Vital Knowledge's Adam Crisafuli
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCorporate America has underappreciated tailwinds, says Vital Knowledge's Adam CrisafuliVital Knowledge's Adam Crisafuli and Macquarie Group's Thierry Wizman, join 'Closing Bell: Overtime' to discuss the latest jobs report numbers and what that means for the market.

☆ Dollar little changed as U.S. inflation data poses quandary for Fed
▼ + stars: | 2023-03-14 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

The euro edged up 0.09% to $1.0739, but the dollar gained against the safe-haven yen and Swiss franc. Fed funds futures showed the market's risk adverse mood in recent days eased as bets that the Fed would stand pat at its policy meeting March 21-22 declined. The collapse of Silicon Valley Bank and Signature Bank last week suggests greater Fed scrutiny of the banking sector may be in store as credit tightens. Futures priced in perhaps two Fed rate cuts by year's end, with the terminal rate seen at 4.179% in December, down from more than 5% last week. The Japanese yen weakened 0.69% at 134.13 per dollar, while the greenback rose rose 0.15% against the Swiss franc.

☆ Dollar towers on lingering effects of Powell's testimony
▼ + stars: | 2023-03-09 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

In the second day of his testimony to Congress on Wednesday, Powell reaffirmed his hawkish message, though struck a cautious note that debate on the scale and path of future rate hikes was still underway and would be data-dependent. As a result, the U.S. dollar index , which measures the greenback against a basket of six peers, slipped 0.02% to 105.61. Conversely, the Bank of Canada on Wednesday left its key overnight interest rate on hold at 4.50%, becoming the first major central bank to suspend its monetary tightening campaign. The Canadian dollar stood at 1.3808 per U.S. dollar on Thursday, after having weakened to a more than four-month low in the previous session following the decision. Elsewhere, the kiwi rose 0.03% to $0.6107, having slumped to a near four-month low in the previous session.

☆ Dollar advances, Aussie slides as Australia economy slows
▼ + stars: | 2023-03-01 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Australia's economy grew at the weakest pace in a year last quarter while the country's monthly consumer prices rose less than expected in January, separate data showed on Wednesday. The Aussie slumped in the aftermath of the data to a two-month trough, and was last 0.47% lower at $0.6697. "We see the Fed going to 5.5%, with a growing risk of 6%," said Michael Every, global strategist at Rabobank. Elsewhere, the dollar rose 0.12% against the Japanese yen to 136.38, after having spiked close to 5% against the yen in February, its largest monthly gain since last June. The kiwi fell 0.28% to $0.6167, while the Chinese offshore yuan slipped marginally to 6.9603 per dollar.

☆ Dollar climbs against yen as BOJ affirms ultra-easy policy
▼ + stars: | 2023-01-20 | by ( ) www.cnbc.com time to read: +2 min

Speculators are betting that the BOJ, the last major central bank to still employ loose monetary policy, is edging towards a shift to a tighter stance. That has driven a rally in the yen that has pushed the dollar/yen pair down by 14% in the past three months. So between now and the next meeting, there is no policy shift and that is indicated by Kuroda," he added. The dollar rose as high as 130.60 yen and was last up 0.9% at 129.58. On the week, the dollar rose 1.3% versus the Japanese currency.

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