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☆ Gold hovers near six-month low as markets brace for U.S. economic data
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: +2 min

Gold bars of different sizes lie in a safe on a table at the precious metals dealer Pro Aurum. Gold steadied on Thursday, although prices hovered near a six-month low hit in the previous session due to an elevated dollar and Treasury yields, with markets awaiting U.S. economic data for clues on the Federal Reserve's interest rate trajectory. Spot gold held its ground at $1,874.49 per ounce by 0435 GMT after shedding 1.4%, its biggest daily decline since July, on Wednesday. Data on Wednesday showed orders for long-lasting U.S. manufactured goods rose in August and business spending on equipment appeared to regain momentum. Higher rates raise the opportunity cost of holding bullion, which is priced in dollars and does not yield any interest.

Persons: Gold, Hugo Pascal, Neel Kashkari, Kevin McCarthy Organizations: Aurum, Treasury, Minneapolis Locations: ., U.S

☆ Morning Bid: Rate jitters wear down wary markets
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Asian markets were under pressure as the day progressed, with MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) sliding to its lowest in 10 months. Futures indicate the sombre mood is likely to continue as Europe wakes, with markets there due to open lower. Congress has shut down the government 14 times since 1981, though most of those funding gaps lasted only a day or two. Meanwhile, tech stocks are likely to be in the spotlight after a long-awaited antitrust lawsuit against Amazon.com (AMZN.O) from the U.S. Federal Trade Commission was filed on Tuesday. It also said the popular game has reached $20 billion in revenue since its 2012 launch.

Persons: Treasuries, Candy Crush, King, Ankur Banerjee, Edmund Klamann Organizations: Ankur, Treasury, Nikkei, Republicans, Congress, China Evergrande, HK, Bloomberg, Amazon.com, U.S . Federal Trade Commission, FTC, Big Tech, Microsoft, Wall Street, Reuters, Thomson Locations: U.S, Asia, Pacific, Japan, Europe, Swiss

BALTIMORE (AP) — Hall of Fame third baseman Brooks Robinson, whose deft glovework and folksy manner made him one of the most beloved and accomplished athletes in Baltimore history, has died. Brooks was just a genuine person.”Coming of age before the free agent era, Robinson spent his entire 23-year career with the Orioles. Robinson contributed an RBI single in the second game and became forever a part of World Series lore with his standout performance in Game 3. The Series ended, fittingly, with a ground out to Robinson in Game 5, a 9-3 Orioles win. There’s a Brooks Robinson Drive in Pikesville, and the annual state high school All-Star game played at Camden Yards is named in his honor.

Persons: Brooks Robinson, Robinson, ”, of Famer Jim Palmer, Brooks, Rob Manfred, ” “ Brooks, ” Manfred, “, ” Robinson, “ Brooks, Earl Weaver, “ He’d, Palmer, …, ” Brooks Calbert Robinson, Johnny Unitas, Cal Ripken, Orioles rooters, Ripken, Lee May, Tony Perez, Tommy Helms, Johnny Bench, Sparky Anderson, ” Anderson, ” Palmer, There’s, ___ Organizations: BALTIMORE, —, of Fame, Orioles, Washington Nationals, of Famer, Cincinnati, Los Angeles Dodgers, Star Games, Gloves, MLB, York, Colts, New York Mets, Reds, ” Reds, Camden Locations: Baltimore, Camden, Arkansas, Brooks, Little Rock, Charm City, Maryland, Pikesville

☆ Sterling hits fresh multi-month lows on dollar and euro
▼ + stars: | 2023-09-25 | by ( Alun John | ) www.reuters.com time to read: +2 min

Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. Sterling, on Monday, dropped as much as 0.25% to $1.2213 its lowest since March 2023, though later steadied to trade flat on the day at $1.2242. The euro on Monday briefly touched 87.03 pence, its highest since May, and was last flat a touch below that level. "What we’re seeing today is the Chinese real estate worries bleeding into the European session, weighing on equity markets and then on the euro and sterling," said Nick Rees, FX market analyst at Monex Europe. "That builds on what happened last week with the Bank of England," said Rees, "Markets are now thinking about what the Bank is seeing in the economy."

Persons: Pound Sterling, ber, Phil Noble, BOE, Liz, Nick Rees, Rees, Alun John, Alex Richardson Organizations: REUTERS, Bank of, Bank of England, European Central Bank, Federal Reserve, FX, Monex, Global, China, HK, Thomson Locations: Manchester, Britain

☆ Strong dollar sends yen to 11-month low, focus on intervention risks
▼ + stars: | 2023-09-25 | by ( Joice Alves | ) www.reuters.com time to read: +3 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 broader currency market, the dollar steadied after last week's gains as the Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected. The yen was last flat at 148.38 per dollar after falling to its lowest level of 148.49 per dollar since late October. "It is possible of course that exactly such fears of interventions might have prevented a weaker yen for now". The dollar index , which on Friday touched an over six-month high, firmed at 105.64 and was last 0.1% higher.

Persons: Florence Lo, Kazuo Ueda, Ueda, Esther Reichelt, Reichelt, Francois Villeroy de Galhau, Sterling, Joice Alves, Rae Wee, Ed Osmond Organizations: U.S, REUTERS, Bank of Japan, Federal Reserve, European Central Bank, Bank, Thomson Locations: Japan, London, Singapore

☆ 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

Average 30-year mortgage rates increased just one basis point this week to 7.19%, according to Freddie Mac. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 30-Year Fixed Mortgage RatesThis week, the average 30-year fixed mortgage rate was 7.19%, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.54% this week, according to Freddie Mac data. Mortgage rates started ticking up from historic lows in the second half of 2021 and increased significantly in 2022.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, it's Organizations: Federal Reserve, Zillow Locations: Chevron

☆ Asia stocks find footing, yen slides as BOJ holds the line
▼ + stars: | 2023-09-22 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. The BOJ, as expected, maintained super-low interest rates, left its yield control policy unchanged, signalling it was in no rush to phase out its massive monetary stimulus. A surge in oil prices has also been unnerving investors, since it is likely to prolong the inflation pulse. Brent crude futures steadied at $93.51 a barrel on Friday and are up nearly 8% for September so far. Elsewhere in foreign exchange markets the expectation of sticky U.S. interest rates has supported the dollar, which reached a six-month peak on the euro overnight at $1.0671 .

Persons: Issei Kato, Kazuo Ueda, Ray Attrill, Andrew Bailey, Craig Ebert, Tom Westbrook, Edmund Klamann, Kim Coghill Organizations: REUTERS, Rights, Bank of Japan, FX, National Australia Bank, Japan's Nikkei, Seng, Federal Reserve, Bank of, Swiss National Bank, Brent, JPMorgan, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Singapore, Asia, Pacific, Hong Kong, China, Bank of England, Central, Sweden, Norway, BNZ, Wellington

☆ Stocks stalled as oil surge sets stage for longer US rate peak
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But at $93.52 a barrel, prices remain up 30% in three months as Saudi Arabia and Russia reduce output. Benchmark 10-year Treasury yields had hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The yen is down 11% on the dollar this year as expectations firm for U.S. rates to stay high and Japanese rates to stay low. The yen hit a 10-month trough of 147.95 to the dollar late last week and it traded at 147.85 on Wednesday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, Stocks, Jerome, Sam Rines, Powell presser, Masato Kanda, Eugene Low, Miral Fahmy, Jamie Freed Organizations: Federal Reserve, Brent, FTSE, Japan's Nikkei, Bank of, New Zealand, Thomson Locations: SINGAPORE, Asia, Saudi Arabia, Russia, Pacific, Japan, Hong Kong, China, Texas, Sweden, Switzerland, Norway, Britain, U.S, Singapore, Australia, Argentina

☆ Stocks struggle as oil surge sets stage for hawkish Fed
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Higher energy costs led to a bigger-than-expected spike in Canadian inflation, overnight data showed, lifting the loonie and triggering selling in the Treasury market. Benchmark 10-year Treasury yields hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The Fed meeting leads a week jammed with central bank meetings and data over the next few days. British inflation figures are due on Wednesday, followed by central bank meetings in Sweden, Switzerland, Norway, Britain and Japan on Thursday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, presser, Jerome Powell's, Sam Rines, Powell presser, Masato Kanda, Kristina Clifton, Miral Organizations: Treasury, Federal Reserve, Brent, Nikkei, U.S, STERLING, OF CPI, Bank of, New Zealand, Commonwealth Bank of Australia, Bank of England, Thomson Locations: presser China, SINGAPORE, Saudi Arabia, Russia, Asia, Pacific, Japan, Texas, Sweden, Switzerland, Norway, Britain, U.S, China, Australia, Argentina

Investors at six large asset managers - Pictet, BNP Paribas Asset Management, Janus Henderson, J.P. Morgan Asset Management, Invesco and RBC - told Reuters they have neither reduced nor added to their China weighting following recent measures to support the economy. "While the overall picture is grim, bearishness around Chinese equities may have reached a local peak and we therefore are refraining from cutting our exposure," said Dong Chen, head of Asia macroeconomic research at Pictet Wealth Management. SEEKING ALTERNATIVESOthers have meanwhile sought out opportunities in markets outside of China, but that trend is showing signs of ebbing. "With attitudes towards China currently so weak, equities valuations could be quite sensitive to signs that corporate fundamentals are starting to improve." ($1 = 7.2910 Chinese yuan renminbi)Reporting by Summer Zhen in Hong Kong and Rae Wee in Singapore; Editing by Tom Westbrook and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Janus Henderson, J.P, Dong Chen, Chi Lo, haven't, Alex Redman, teetering, Jasmine Duan, Patrick Garvin, Summer Zhen, Rae Wee, Tom Westbrook Organizations: BNP, Asset Management, Morgan Asset Management, Invesco, RBC, Reuters, Pictet Wealth Management, HK, RBC Investment Services, Thomson Locations: China, HONG KONG, SINGAPORE, Asia, Shanghai, Pacific, India, Indonesia, Beijing, Hong Kong, Singapore

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. "While the overall picture is grim, bearishness around Chinese equities may have reached a local peak and we therefore are refraining from cutting our exposure," said Dong Chen, head of Asia macroeconomic research at Pictet Wealth Management. SEEKING ALTERNATIVESOthers have meanwhile sought out opportunities in markets outside of China, but that trend is showing signs of ebbing. "With attitudes towards China currently so weak, equities valuations could be quite sensitive to signs that corporate fundamentals are starting to improve." ($1 = 7.2910 Chinese yuan renminbi)Reporting by Summer Zhen in Hong Kong and Rae Wee in Singapore; Editing by Tom Westbrook and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Janus Henderson, J.P, Dong Chen, Chi Lo, haven't, Alex Redman, teetering, Jasmine Duan, Patrick Garvin, Summer Zhen, Rae Wee, Tom Westbrook Organizations: REUTERS, BNP, Asset Management, Morgan Asset Management, Invesco, RBC, Reuters, Pictet Wealth Management, HK, RBC Investment Services, Thomson Locations: Shanghai, Shenzhen, China, HONG KONG, SINGAPORE, Asia, Pacific, India, Indonesia, Beijing, Hong Kong, Singapore

NAPA, Calif. (AP) — Sahith Theegala talked all week about the importance of having nearly three dozen family members and friends following him at the Fortinet Championship. It’s a team win,” Theegala said, his mom and dad by his side on the 18th green. Theegala, a son of Indian immigrants who played in college at Pepperdine, made the Tour Championship as a rookie last year. Before his breakthrough in Napa, Theegala had close calls at Phoenix, Hartford and Sea Island, endearing himself to fans. Theegala dropped a shot on the par-4 sixth hole after hitting his tee shot way right into a fairway bunker on No.

Persons: Theegala, ” Theegala, It’s, it’s, Kim, Cam Davis, Justin Thomas, Max Homa, Thomas ’, I’ll, They’ve, I’ve, steadied, “ That’s, ”, “, ” Kim, Thomas, Zach Johnson's, ___ Organizations: Silverado, PGA, Ryder, Pepperdine, BMW Championship, Phoenix Locations: NAPA, Calif, California, It’s, Rome, East Lake, Napa, Hartford

☆ Bangladesh upset India despite Gill ton
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

Put into bat, Bangladesh overcame a top order wobble to post a competitive 265-8 with skipper Shakib Al Hasan topscoring for his side with a breezy 80. After Rohit Sharma elected to field, Bangladesh slumped to 59-4 before Shakib and Towhid Hridoy (54) steadied the ship. When they returned to defend the total, Tanzim Hasan Shakib claimed two wickets in his first two overs in international cricket to put India immediately under pressure. While wickets kept tumbling at one end, Gill stood tall amid ruins to keep India in the hunt. Mahedi Hasan ended Gill's 133-ball knock but Axar kept India on course until his dismissal in the penultimate over.

Persons: Shakib Al Hasan topscoring, Gill, Axar Patel, Virat Kohli, Jasprit, Kuldeep Yadav, Rohit Sharma, Towhid Hridoy, Nasum Ahmed, Mahedi Hasan, Tanzim Hasan Shakib, Axar, Amlan Chakraborty, Pritha Sarkar Organizations: Sri, Thomson Locations: COLOMBO, Bangladesh, Asia, India, Sri Lanka, Sunday's, New Delhi

U.S. gold futures gained 0.3% to $1,938.90. The yuan hit two-week highs against the U.S. dollar after data showed China factory output and retail sales in August beat forecasts, making greenback-priced bullion more attractive for Chinese buyers. "The outlook for rates to be kept high for longer has been keeping non-yielding gold prices under pressure," said Yeap Jun Rong, a market strategist at IG. We, therefore, do not view monetary policy as supportive of gold until well into 2024," HSBC said in a note. "Institutional investors have yet to commit to gold, as net long positions on the CME and ETF holdings indicate."

Persons: Yuan, Bullion, Jun Rong, Swati Verma, Sherry Jacob, Phillips Organizations: U.S, Reuters Graphics, IG, HSBC, CME, Thomson Locations: China, U.S, Bengaluru

☆ Sri Lanka pip Pakistan to make Asia Cup final v India
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

[1/5] Cricket - Asia Cup - Final - Pakistan v Sri Lanka - Dubai International Stadium, Dubai, United Arab Emirates - September 11, 2022 Sri Lanka players celebrate with the trophy after winning the Aisia Cup REUTERS/Christopher Pike Acquire Licensing RightsCOLOMBO, Sept 14 (Reuters) - Sri Lanka kept their Asia Cup title defence alive as they beat Pakistan by two wickets in an edge-of-the-seat thriller on Thursday to book their place in Sunday's final against India. Electing to bat in the rain-marred contest, Pakistan posted 252-7 in 42 overs following half-centuries by Mohammad Rizwan and Abdullah Shafique. Kusal Mendis kept Sri Lanka's chase on track but it was Charith Asalanka's unbeaten 49 which helped them clinch the last ball thriller. Electing to bat, Pakistan lost Fakhar Zaman early while skipper Babar Azam (29) fell just when he was looking set. Shadab Khan caught Pathum Nissanka off his own bowling and then ran out Kusal Perera to peg back Sri Lanka but the collapse Pakistan wanted did not materialise.

Persons: Christopher Pike, Mohammad Rizwan, Abdullah Shafique, Kusal Mendis, Sri Lanka's, Charith, Fakhar Zaman, Babar Azam, Iftikhar Ahmed, Shadab Khan, Pathum Nissanka, Kusal Perera, Mendis, Sadeera Samarawickrama, Samarawickrama, Shaheen Afridi, Iftikhar, Dasun Shanaka, Afridi, Zaman Khan, Asalanka, Amlan Chakraborty, Pritha Sarkar Organizations: Asia, United Arab Emirates, Sri, Aisia, REUTERS, Rights, India, Thomson Locations: Pakistan, Sri Lanka, Dubai, United Arab, India, New Delhi

☆ Morning Bid: Is the ECB done?
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 24, 2023. REUTERS/Staff Acquire Licensing RightsA look at the day ahead in European and global markets from Tom WestbrookThe European Central Bank sets interest rates later today and traders figure we are at or near the peak. An increase of 25 basis points would take the rate on bank deposits to 4%, the highest since the euro launched in 1999. Shares in Chinese electric vehicle makers fell after the European Commission launched an investigation of Chinese subsidies. Key developments that could influence markets on Thursday:ECB policy decisionArm Holdings begins tradingU.S. retail salesOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Westbrook Organizations: REUTERS, Staff, European Central Bank, PMI, Chevron, Reuters Graphics Reuters, Arm Holdings, European Commission, Holdings, Thomson Locations: Frankfurt, Germany, Australia, New York, Asia

☆ Maui Family Describes a Tragic Night Trying to Escape the Deadly Wildfire
▼ + stars: | 2023-09-13 | by ( Corina Knoll | More About Corina Knoll | ) www.nytimes.com time to read: 1 min

Folau Tone steadied himself as a gale whipped through his street in Lahaina. Trying to nail down the rattling tin roof on his family’s home, he gave up as fragments were stripped away. In West Maui, power lines were crashing down, and the electricity was out across a large swath of the island. Folau’s wife had already left for her job at a hotel, but their four children had stayed behind. She liked cooking in the open air and had long ago set up a makeshift kitchen with propane burners under a tent.

Persons: steadied, Faaoso Locations: Lahaina ., West Maui, fussing

☆ Yen stands tall, dollar finds floor ahead of US inflation
▼ + stars: | 2023-09-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The Japanese currency was last marginally lower at 146.61 per dollar, after scaling a one-week top of 145.91 in the previous session. Elsewhere, the U.S. dollar reversed some of its close to 0.5% loss against a basket of currencies on Monday. The U.S. dollar index , which ended last week with an eight-week winning streak, rose 0.03% to 104.60, after falling 0.46% in the previous session. The offshore yuan found some support near Monday's one-week high and last bought 7.3020 per dollar.

Persons: Florence Lo, Kazuo Ueda, Ueda, Chris Weston, we've, Tony Sycamore, Sterling steadied, bitcoin, Ether, Kyle Rodda, Rae Wee, Sam Holmes Organizations: U.S, REUTERS, Rights, Bank of Japan, Federal Reserve, New Zealand, Fed, Capital.com, Thomson Locations: Rights SINGAPORE, United States, U.S, Tony Sycamore ., Monday's, China

☆ Yen stands tall, dollar finds floor ahead of U.S. inflation
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: +3 min

Photo taken on April 20, 2022 shows the Japanese yen and U.S. dollar banknotes in Tokyo, Japan. The Japanese currency was last marginally lower at 146.61 per dollar, after scaling a one-week top of 145.91 in the previous session. Elsewhere, the U.S. dollar reversed some of its close to 0.5% loss against a basket of currencies on Monday. The U.S. dollar index, which ended last week with an eight-week winning streak, rose 0.03% to 104.60, after falling 0.46% in the previous session. The offshore yuan found some support near Monday's one-week high and last bought 7.3020 per dollar.

Persons: Kazuo Ueda, Ueda, Chris Weston, we've, Tony Sycamore, Sterling steadied, bitcoin, Ether, Kyle Rodda Organizations: U.S, Bank of Japan, Federal Reserve, New Zealand, Fed Locations: Tokyo, Japan, United States, U.S, Tony Sycamore ., Monday's, China

[1/2] A man walks in front of the headquarters of Bank of Japan in Tokyo, Japan, January 18, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsSept 12 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. They now expect the central bank's 'yield curve control' policy to end in October, compared with April 2024, and for the negative interest rate policy to end in January 2024, versus December 2024. Beyond the Japanese policy drama, investors will also have the latest Indian inflation and industrial production data, and Australian business and consumer sentiment figures to digest on Tuesday. The currency is getting little support from the interest rate outlook - economists currently expect the RBI to keep rates on hold then start easing policy the second quarter of next year.

Persons: Issei Kato, Jamie McGeever, Kazuo Ueda, Josie Kao Organizations: Bank of Japan, REUTERS, of, Government Bond, Barclays, Deutsche Bank, Reserve Bank of India's, Bank, Thomson, Reuters Locations: Tokyo, Japan, Indonesian, Philippine, India, Australia, Korea

China's onshore yuan meanwhile ended its domestic session at the weakest since 2007, as it battles capital outflow pressures and a widening yield gap with major economies. The U.S. dollar index , which measures the greenback against major peers, was last 0.05% lower at 105 but remained not far from the previous session's six-month high of 105.15. IN THE DOLDRUMSThe onshore yuan opened at 7.3400 per dollar on Friday and touched its weakest level since December 2007 at 7.3510, while its offshore counterpart sank to a 10-month low of 7.3621 per dollar. The onshore yuan has fallen roughly 6% against the dollar so far this year and has become one of the worst-performing Asian currencies alongside its offshore counterpart. The Australian dollar was last 0.28% higher at $0.6395, but eyed a weekly loss of over 0.8%.

Persons: Dado Ruvic, Dane Cekov, Nordea's Cekov, Sterling, Vishnu Varathan, Shunichi Suzuki, Samuel Indyk, Rae Wee, Shri Navaratnam, Gerry Doyle, Angus MacSwan, Mark Heinrich Our Organizations: REUTERS, U.S, Nordea, Mizuho Bank, Finance, Bank of Japan, Bank of, Australian, New Zealand, Thomson Locations: U.S, Germany, Europe's, Europe, United States, Bank of Japan

☆ Buoyant dollar on course for its longest weekly winning streak since 2014
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: +3 min

The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve's rate-hike cycle into question. The U.S. dollar index , which measures the greenback against its major peers, steadied at 105.02 in early trade, not far from the previous session's six-month high of 105.15. Sterling similarly languished near Thursday's three-month low and last bought $1.2484, set to clock a weekly loss of more than 0.8%. It is on track for a weekly loss of nearly 1% against the dollar, its worst week in about a month. The Australian dollar , often used as a liquid proxy for the yuan, was last 0.07% higher at $0.6381, but eyed a weekly loss of more than 1%.

Persons: Ray Attrill, Sterling, Alvin Tan Organizations: U.S, National Australia Bank . Data, Asia FX, RBC Capital Markets, New Zealand, of Japan's Locations: Asia, U.S, Germany, Europe's, Europe, Thursday's, United States

☆ Dollar shines as US economy outperforms, yen at 10-month low
▼ + stars: | 2023-09-07 | 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. The greenback scaled a fresh top of 147.875 yen in early Asia trade, its highest since last November. That did little to help the Australian dollar , which was still down 0.15% at $0.6373, while the New Zealand dollar last bought $0.58735, with both languishing near their recent 10-month lows. The offshore yuan fell marginally to 7.3255 per dollar, while its onshore counterpart was pinned near the previous session's 10-month low. "As we have seen in the past, real intervention barely reverses the course of the yen sustainably."

Persons: Florence Lo, Sterling, Joseph Capurso, BoE, Andrew Bailey, Governor Bailey, Capurso, Saxo, Charu Chanana, Rae Wee, Jacqueline Wong Organizations: U.S, REUTERS, Rights, Commonwealth Bank of Australia, Federal Reserve, Bank of England, European Central Bank, ECB, New Zealand, Thomson Locations: Rights SINGAPORE, China's, Beijing, Asia, U.S, ASIA, Japan

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