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Top related persons:
Saktiandi Supaat - 3 Carol Kong - 3 Sterling - 3 Elwin de Groot - 3 Rae Wee - 2 Maybank's Supaat - 2 Shunichi Suzuki - 1 PMIs - 1
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Bank of Japan's - 3 New Zealand - 3 U.S - 3 U.S . Federal Reserve - 3 Commerce Department - 3 Commonwealth Bank of Australia - 3 Bank of England - 3 Central Bank - 3

Search resuls for: "Elwin de Groot"


5 mentions found


☆ Yen weakens past 145 per dollar, yuan propped by stimulus hopes
  + stars: | 2023-06-30 | by ( Rae Wee | ) www.reuters.com   time to read: +4 min
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
☆ Yen weakens past key 145 per dollar level; yuan falls after China PMI data
  + stars: | 2023-06-30 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
SINGAPORE, June 30 (Reuters) - The yen weakened past 145 per dollar on Friday, a level which kept speculators wary of potential intervention from Japanese authorities, while a faltering economic recovery in China also kept pressure on the yuan. Its renewed decline has stoked speculation that intervention by Japanese authorities could be imminent, particularly as the level of 145 per dollar first prompted them to shore up the yen in September. The onshore yuan fell to its lowest since November at 7.2615 per dollar shortly after trading opened on Friday. The Australian dollar , often used as a liquid proxy for the yuan, slipped 0.12% to $0.6608. The dollar index steadied at around 103.33 and was heading for a gain of about 0.7% in the second quarter.
Persons: Saktiandi Supaat, Maybank's Supaat, Carol Kong, Sterling, Elwin de Groot, Rae Wee Organizations: Bank of Japan's, People's Bank of China, New Zealand, U.S, U.S . Federal Reserve, Commerce Department, Commonwealth Bank of Australia, Bank of England, Central Bank, Rabobank, Thomson Locations: SINGAPORE, China, Asia, Tokyo, U.S
☆ Yen weakens past key 145 per dollar level as yuan falls after China PMI data
  + stars: | 2023-06-30 | by ( ) www.cnbc.com   time to read: +3 min
The yen weakened past 145 per dollar on Friday, a level which kept speculators wary of potential intervention from Japanese authorities, while a faltering economic recovery in China also kept pressure on the yuan. Its renewed decline has stoked speculation that intervention by Japanese authorities could be imminent, particularly as the level of 145 per dollar first prompted them to shore up the yen in September. The onshore yuan fell to its lowest since November at 7.2615 per dollar shortly after trading opened on Friday. The Australian dollar , often used as a liquid proxy for the yuan, slipped 0.12% to $0.6608. The dollar index steadied at around 103.33 and was heading for a gain of about 0.7% in the second quarter.
Persons: Saktiandi Supaat, Maybank's Supaat, Carol Kong, Sterling, Elwin de Groot Organizations: Bank of Japan's, People's Bank of China, New Zealand, U.S, U.S . Federal Reserve, Commerce Department, Commonwealth Bank of Australia, Bank of England, Central Bank, Rabobank Locations: China, Asia, Tokyo, U.S
☆ Sovereign bond market turmoil to spill well into next year: Reuters poll
  + stars: | 2022-10-24 | by ( Hari Kishan | ) www.reuters.com   time to read: +4 min
BENGALURU (Reuters) - Turmoil in global sovereign bond markets is set to persist for another six months to a year as central banks carry on raising interest rates to bring down inflation, according to a Reuters poll of market strategists. Since the Fed first moved, bond markets have been subjected to high levels of volatility and deep sell-offs, jolting many bond investors out of their complacency. Bond Market Option Volatility Estimate Index, which began rising late last year, hit its highest level since March 2020 last week. But those median forecasts were higher than in September’s poll, suggesting yields are still facing upside risks. The poll expected bund yields to drop slightly from their current levels to 2.10% by end-2022 and then rise slightly to stay around 2.20% in the following six months.
☆ European shares at near two-week high amid UK fiscal plan optimism
  + stars: | 2022-10-18 | by ( Amruta Khandekar | ) www.reuters.com   time to read: +2 min
The region-wide STOXX 600 index (.STOXX) was up 0.9% by 0826 GMT, hitting a near two-week high, as investors snapped up beaten-down tech (.SX8P) and bank (.SX7P) stocks. Shares of chipmakers, including ASML Holdings (ASML.AS) and BE Semiconductor (BESI.AS), rose between 0.9% and 4% amid a risk-on sentiment in markets. "If you make that U-turn too extreme and basically embark on a trajectory of significant fiscal tightening, that could also do more more harm. Investors also took comfort from a recent pullback in natural gas prices in Europe, which is battling an energy crisis amid growing risks of a recession. Rio Tinto (RIO.L) slipped 0.7% after it projected annual iron ore shipments at the lower end of its forecast amid weak global demand.
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