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☆ Reactions to Trump announcing 2024 White House bid
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

SINGAPORE, Nov 16 (Reuters) - Donald Trump's aides filed paperwork for his 2024 White House bid on Tuesday as the former president launched a run to regain the title, aiming to pre-empt potential Republican rivals. Republicans are meanwhile closing in on the 218 seats they need to take a majority in the 435-seat House of Representatives. COMMENTS:ANTHONY SCARAMUCCI, FOUNDER, SKYBRIDGE CAPITAL, SINGAPORE (FORMER WHITE HOUSE COMMUNICATIONS DIRECTOR)"You know how you have a zombie that you can’t kill, like in the Night of the Walking Dead? If any one of those other candidates can present themselves with some of the Trump messaging without the Trump drama, there might be opportunities." Neil Young said 'it's better to burn out than fade away'...feels like Trump will go down this time with little glory."

☆ Dollar set for biggest two-day fall since 2009 as rate outlook shifts
▼ + stars: | 2022-11-11 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

[1/2] U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Data on Thursday showed consumer inflation rose 7.7% year-on-year in October, its slowest rate since January and below forecasts for 8%. The dollar staged its biggest drop since late 2015 on Thursday as Treasury yields plunged, while other currencies - the yen and the pound in particular - jumped. The dollar index was down nearly 1.1%, having lost over 3% in the last two days - its biggest two-day decline since March 2009. The offshore yuan rallied by as much as 1.3% to hit its highest in over a month against the dollar, to 7.0592.

☆ Dollar heads for biggest two-day fall since 2009 as rate outlook shifts
▼ + stars: | 2022-11-11 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

[1/2] Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. Data on Thursday showed consumer inflation rose 7.7% year-on-year in October, its slowest rate since January and below forecasts for 8%. The dollar staged its biggest drop since late 2015 on Thursday as Treasury yields plunged, while other currencies - the yen and the pound in particular - jumped. The dollar index was down nearly 1%, having lost over 3% in the last two days - its biggest two-day decline since March 2009. "It can be a little dangerous in that the 'bad news' is still out there and could come back to burn us, particularly with respect to the Fed," Rabobank currency strategist Jane Foley said.

SINGAPORE/LONDON, Nov 11 (Reuters) - Regulators are moving in on distressed crypto exchange FTX as it scrambles to raise billions in funds to stave off collapse, while its chief executive, Sam Bankman-Fried, faces heightened scrutiny. The Securities Commission of the Bahamas has frozen assets of FTX Digital Markets, an FTX subsidiary. FTX Australia called in administrators on Friday, the Australian Financial Review reported, citing a company statement. Bankman-Fried is under investigation by the U.S. Securities and Exchange Commission for potential securities law violations, Bloomberg reported, citing a source. This source said helping out FTX was the question for larger investors in FTX.

☆ Dollar flags after biggest daily fall since 2015
▼ + stars: | 2022-11-11 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

[1/2] Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. The dollar staged its biggest drop since late 2015 as Treasury yields plunged, while other currencies - the yen and the pound in particular - jumped. The dollar index was down nearly 0.5%, while risk assets including stocks, emerging-market currencies and commodities rallied. The offshore yuan rallied by as much as 1.3% to hit its highest in over a month against the dollar, to 7.0592. Bitcoin fell 1.2% to $17,344, after plunging below $16,000 for the first time since late 2020 this week.

Meanwhile, the Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, an FTX subsidiary. Broker Genesis Trading disclosed its derivatives business has approximately $175 million in locked funds on FTX. "We believe there is a 20-30% chance of a FTX rescue at best," said Matthew Dibb, chief operating officer of Singapore-based crypto investment manager Stack Funds. He is seeking the remainder from other funds, including current investors such as Sequoia Capital, the source added. It was not clear whether Bankman-Fried will be able to raise the funds he needs or if these investors would participate.

☆ Dollar dives as investors cheer after U.S. inflation misses forecasts
▼ + stars: | 2022-11-11 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Figures showed that the consumer price index rose 7.7% year-on-year in October, the smallest gain since January and below forecasts of an 8% increase. The dollar tumbled overnight after the release, and recorded its worst day against the Japanese yen since 2016, having fallen 3.7%. Against a basket of currencies, the U.S. dollar index slumped more than 2% overnight, the most in over a decade. "The overnight moves in the dollar were pretty sharp ... read moreFTX is scrambling to raise about $9.4 billion from investors and rivals, a source told Reuters.

☆ FTX to start U.S. bankruptcy proceedings, CEO to exit
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +4 min

LONDON, Nov 11 (Reuters) - Crypto exchange FTX is to start U.S. bankruptcy proceedings and CEO Sam Bankman-Fried is to step down, after a liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world. The distressed crypto trading platform had been struggling to raise billions in funds to stave off collapse after a wave of withdrawals. "I'm really sorry, again, that we ended up here," said FTX founder Bankman-Fried, in a series of tweets after the commencement of the bankruptcy filing. FTX is under investigation by the U.S. Securities and Exchange Commission, Justice Department, and Commodity Futures Trading Commission, according to a source familiar with the investigations. Cyprus's Securities and Exchange Commission has asked FTX EU to suspend its operations on Nov. 9, the regulator said on Friday.

☆ Dollar slides, CPI data suggests Fed could slow pace of rate hikes
▼ + stars: | 2022-11-10 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

"Inflation is clearly moving in the right direction, and that keeps a more hawkish Fed at bay," he said. The spike higher in the yen versus the dollar stirred speculation the Bank of Japan intervened, which analysts doubted. Fed funds futures priced in a drop in expectations for the U.S. central bank's peak target rate, which fell below 5%. The likelihood of a 50-basis-point rate hike by the Fed instead of a 75-basis-point increase in December rose to 71.5%. CPI rose 7.7% in October on a year-over-year basis, down from 8.2% in the prior month, as headline inflation fell below 8% for the first time since February.

☆ Dollar advances ahead of inflation data; cryptos crumble
▼ + stars: | 2022-11-10 | by ( Rae Wee | Rocky Swift | ) www.reuters.com time to read: +3 min

SINGAPORE, Nov 10 (Reuters) - The dollar regained its footing on Thursday ahead of key U.S. inflation data due later in the day, while cryptocurrencies were fragile after a bailout deal for exchange FTX by its bigger rival Binance collapsed. The euro hobbled just above parity at $1.0016, some distance from its near-two-month high hit earlier in the week. Against a basket of currencies, the U.S. dollar index was firm at 110.30, after rising nearly 0.8% overnight. Just a day earlier, crypto giant Binance had signed a nonbinding agreement to buy FTX's non-U.S. unit to help cover a "liquidity crunch". "I do think there's been a bit of contagion from what's been going on in crypto to the broader markets ....

Banks and corporations use the market to manage interest rate risks and traders depend on it as reference for pricing other assets. To make a swap, market participants turn to a dealer or bank to facilitate the deal. DRAINEDPart of the issue is a lack of bond market supply. Last week, the RBA's head of domestic markets, Jonathan Kearns, noted the swaps market dysfunction. Nor are other swap markets globally seeing similar pressures.

☆ Dollar rises as China defends stringent COVID policy, dampening risk sentiment
▼ + stars: | 2022-11-07 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The two currencies were huge beneficiaries of a broad rally on Friday - rising nearly 3% - as speculation that China could soon end its COVID restrictions gathered pace and buoyed risk appetite. But hints of some easing of market conditions, with the unemployment rate rising to 3.7%, fuelled hopes that the much sought after Fed pivot could be on the horizon, capping the dollar's gains. Against a basket of currencies, the U.S. dollar index last stood at 111.02. "Judging by market reaction, investors really focused on the lift in unemployment rate, and that might have led to market participants scaling back their expectations on the Fed funds rate." Four Federal Reserve policymakers on Friday also indicated they would still consider a smaller interest rate hike at their next policy meeting.

☆ Dollar gains as China sticks to stringent COVID policy, souring risk sentiment
▼ + stars: | 2022-11-07 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

The two currencies were huge beneficiaries of a broad rally on Friday - rising nearly 3% - as speculation that China could soon end its COVID restrictions gathered pace and buoyed risk appetite. But hints of some easing of market conditions, with the unemployment rate rising to 3.7%, added to the case that the Federal Reserve could slow its pace of future rate increases and capped the dollar's gains. Against a basket of currencies, the U.S. dollar index firmed at 111.09. "Judging by market reaction, investors really focused on the lift in unemployment rate, and that might have led to market participants scaling back their expectations on the Fed funds rate." Four Federal Reserve policymakers on Friday also indicated they would still consider a smaller interest rate hike at their next policy meeting.

"There's a growing perceived chance that the Fed will be the last major central bank to throw in the towel and arrest its tightening cycle," said Francesco Pesole, FX strategist at ING. U.S. payrolls data released later on Friday will provide the latest indication of the health of the U.S. economy. In contrast, Friday data showed euro zone business activity contracted last month at the fastest pace since late 2020. CHINA HOPESFriday's 'risk on' move in currencies, as well as commodity and share markets, followed reports China could relax its anti-COVID restrictions, which have been hobbling economic activity. "CNH (the yuan traded offshore) will tell you if investors are running hot or cold in China markets.

☆ Yuan jumps, dollar pauses, sterling claws back some ground
▼ + stars: | 2022-11-04 | by ( Rae Wee | ) www.reuters.com time to read: +5 min

The offshore yuan jumped more than 1% in the Asia session to a one-week peak of 7.2441 per dollar, and last traded 7.2621. But traders said the most potent boost to the yuan came from speculation that China could relax anti-COVID restrictions,which have been hobbling economic activity. And as is typically the case, this type of 'risk on' move indicated by the yuan will have a magnetic attraction across Asia markets." The Australian dollar rose 0.86% to $0.6342, further buoyed by the positive sentiment on China, as the Aussie is often used as a liquid proxy for the yuan. DOLLAR DOMINANCEFed rate futures now point to a terminal rate of about 5.15% by mid-2023, after the Federal Reserve raised interest rates by three-quarters of a percentage point this week.

☆ Dollar eyes weekly gain; sterling wobbles on lower rate bets, bleak outlook
▼ + stars: | 2022-11-04 | by ( Rae Wee | Michael S. Derby | ) www.reuters.com time to read: +3 min

Against a basket of currencies, the U.S. dollar index fell 0.23% to 112.71, away from a near two-week peak of 113.15 hit overnight. Nonetheless, it was on track for a weekly gain of nearly 2% -- its largest since September. Fed rate futures now point to a terminal rate of about 5.15% by mid-2023, after the Federal Reserve raised interest rates by three-quarters of a percentage point this week. It was headed for a weekly loss of more than 3%, the largest since September's market turmoil triggered by an economic plan that alarmed investors. Reporting by Rae Wee; Editing by Kim Coghill and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar ascendant; sterling slumps on lower rate expectations, bleak outlook
▼ + stars: | 2022-11-04 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

It was headed for a weekly loss of nearly 4%, the largest since September's market turmoil triggered by an economic plan that alarmed investors. While the BoE raised interest rates by the most since 1989 on Thursday, it warned investors that the risk of Britain's longest recession in at least a century means borrowing costs are likely to rise less than they expect. "It's been sort of coming for some time that the Bank of England is a reluctant hiker ... in the current environment. Fed rate futures now point to a terminal rate of about 5.15% by June, with U.S. Treasury yields moving in step with the higher expectations. The two-year Treasury yield , which typically moves in step with interest rate expectations, last stood at 4.7243%, after hitting a 15-year peak of 4.745% the previous session.

The Hang Seng (.HSI) surged 5.3% and notched its biggest weekly gain in 11 years. Shares in online giants Alibaba (9988.HK) and JD.com (9618.HK) each rose more than 10% and the Hang Seng Tech index (.HSTECH) rose 7.5%. However the Hang Seng remains down 30% this year against a 24% fall in world stocks (.MIWD00000PUS). China stocks market capBUY THE RUMOURChanges to COVID policies have not been officially flagged. Yet markets have desperate reasons to rally after the Hang Seng hit a 13-year low last month in the wake of China's Communist Party Congress.

SINGAPORE/HONG KONG, Nov 4 (Reuters) - Chinese stocks soared and the yuan jumped on Friday, setting Hong Kong's Hang Seng on course for its best week in a decade, on hopes for twin relief in U.S.-China tension and COVID rules. The Hang Seng (.HSI) surged either side of the midday break and was last up 7%, and heading for a weekly gain of more than 10% for the first time since November 2011. The Shanghai Composite (.SSEC) rose 2.7% and was headed for a 5.6% weekly gain, the largest in more than two years. The Hang Seng Tech index (.HSTECH) rose 8%. The yuan rose about 0.9% to 7.2410 per dollar, despite broad dollar gains elsewhere.

☆ U.S. dollar rises as Fed likely doing another big hike; sterling sinks
▼ + stars: | 2022-10-31 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. In afternoon trading, the dollar rose 0.8% against the struggling yen to 148.62 yen . For the month of October, the dollar was up 2.7%, on track to post its third monthly gain versus the Japanese currency. Generally, the dollar is somewhere in the bend - trying to establish a high, but has not generally done so. The greenback, however, was on pace for a monthly decline of 0.5% in October, based on the dollar index.

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. The Australian and Canadian central banks both raised rates by less than expected at their October meetings, and markets read a dovish tone in last week's European Central Bank 75 basis point hike. The euro barely reacted after data released on Monday that showed eurozone inflation came in hotter than expected at 10.7%, a fresh record high. Elsewhere, the Chinese yuan slumped after data released on Monday showed China's factory activity unexpectedly fell in October, weighed down by softening global demand and strict domestic COVID-19 curbs. The U.S. dollar climbed 2% on Brazil's Real after former president Luiz Inacio Lula da Silva narrowly defeated President Jair Bolsonaro in a run-off election.

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. However, late last week this narrative ran out of steam, and it continued to struggle on Monday. The Fed is expected to deliver another 75 basis point (bp) rate hike after the conclusion of the FOMC meeting on Wednesday. ECB governing council member Klaas Knot said on Sunday the central bank's next move in December is likely to be between 50 and 75 bps. The dollar was last 0.68% higher against the yuan traded offshore at 7.31.

☆ Dollar steadies as Fed looms; yen fragile
▼ + stars: | 2022-10-31 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

The greenback moved broadly higher in Asia trade, particularly against the Japanese yen , rising more than 0.5% and pushing above the 148 yen level. Data on Friday showed that U.S. consumer spending rose more than expected in September, while underlying inflation pressures continued to bubble. The Fed is expected to deliver another 75 basis point (bp) rate hike after the conclusion of the FOMC meeting on Wednesday. Ahead of another central bank decision this week, the Australian dollar rose 0.1% to $0.6418. The offshore yuan was last down 0.4% at 7.2990 per dollar.

☆ Dollar up as data suggests Fed hawks will stay in control; yen fragile
▼ + stars: | 2022-10-31 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The greenback moved broadly higher in Asia trade, particularly against the Japanese yen , rising more than 0.5% and pushing above the 148 yen level. Data on Friday showed that U.S. consumer spending rose more than expected in September, while underlying inflation pressures continued to bubble. The Fed is expected to deliver another 75 basis point (bp) rate hike after the conclusion of this week's policy-setting meeting on Wednesday. Ahead of another central bank decision this week, the Australian dollar rose 0.09% to $0.6417. Along with a further 75 bp of rate hikes in the first half of 2023, we now have the RBA cash rate peaking at 3.85%."

☆ Euro slips below parity, yen steady ahead of BOJ
▼ + stars: | 2022-10-28 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. "The ECB policy decisions were less hawkish than most had expected. The yen last bought 146.41 per dollar, and was on track for a nearly 1% weekly gain, its largest since August. The fragile currency has received support from suspected intervention by Japanese authorities to prop up the yen last Friday and on Monday. "At the moment, I don't really see any case for a shift in the Bank of Japan's monetary policy," said CBA's Kong.

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