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☆ Yen braces for BOJ decision with risk events aplenty
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +4 min

That is followed by inflation readings in France and the wider euro zone later in the day, alongside the Federal Reserve's policy decision, which takes center stage. With plenty of risk events to mark the month-end, currency moves were largely subdued in early Asia trade as investors were hesitant to take on fresh positions. "We anticipate that the BOJ will increase interest rates to around 0.25% at the upper limit." "A rate hike could help stabilize the yen's current levels, whereas the absence of a rate hike may trigger renewed selling pressure driven by carry trades." The yen similarly made headway against other currencies, with the euro falling 0.07% to 165.07 yen and the Australian dollar slipping 0.12% to 99.80 yen.

Persons: Gregor Hirt, Sterling eked, Julien Lafargue Organizations: Bank of Japan, Federal, CIO, Allianz Global Investors, Traders, Barclays Private Bank, New Zealand Locations: Bank, France, Asia

☆ Drop bears: The true history of a fake Australian animal
▼ + stars: | 2024-07-30 | by ( Ben Westcott | ) edition.cnn.com time to read: +10 min

“Once prey is within view, the Drop Bear will drop as much as eight meters to pounce on top of the unsuspecting victim. When CNN Travel asked Australian film star Chris Hemsworth for advice on avoiding drop bears in 2018, he said: “Bring an umbrella.”The origins of the drop bearDespite the drop bear’s popularity and growing international reputation, its actual origins are unknown. Not every Australian grew up with stories of drop bears, but those who do remember being told about drop bears by their parents, especially people who grew up in the country or in farming communities. The Drop BearsThere is, however, one clear marker of when the mythical drop bears began to enter Australian pop culture. Tell them you’ve got to be wary or (the drop bears) will drop down and take you,” Batchelor said.

Persons: they’ll, ”, Ian Coate, “, Chris Hemsworth, Clint, Paul Hogan, Hogan, Indiana Jones, koalas, savaging Hogan, Coate, ” Coate, Chris Toms, Johnny Batchelor, ” Batchelor, Toms, you’ve, Batchelor, It’s, Bears Batchelor, thylacoleo, Australia’s Coates, Coates, isn’t Organizations: CNN, of Australia, CNN Travel, National Library of Australia, Canberra Times, TAM, Clint, US, Aussie, Bears, Google, Bundaberg, ITV Locations: Australian, “, Goannas, Australia, Zealander, Sydney, New Zealand, New South Wales, Bundaberg Rum

☆ U.S. women’s rugby wins first Olympic medal with thrilling last-second try
▼ + stars: | 2024-07-30 | by ( Matthew Futterman | ) www.nytimes.com time to read: +1 min

SAINT-DENIS, France — With a 90-yard run as the final seconds ticked off the clock, Alex Sedrick and Team USA’s women’s Eagles rugby team snatched the bronze medal off the necks of a heavily-favored Australian team to deliver America its first Olympic medal in rugby sevens. Then the green and gold pinned the Americans deep in their own end, inching them backward as the final seconds ticked off the clock. AdvertisementBut then Sedrick got possession in the middle of the field and burst through a hole in the Aussie defense. In an instant, Sedrick was off on 90-yard sprint down the grass, that finished with her running through the uprights. But in a game with just 14 players on a massive field, anything can happen, and in the final seconds against the Aussies, Sedrick made sure it did.

Persons: DENIS, Alex Sedrick, USA’s, Sedrick, Michael Steele Organizations: USA’s women’s Eagles rugby, Eagles, Australians, Aussie, Zealand Locations: France

☆ Five things to watch from the swimming competition at this year’s Olympic Games
▼ + stars: | 2024-07-28 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +9 min

Paris CNN —The first week of the Olympics and with it comes one of the Games’ signature events: Swimming. Here are five things to watch from this year’s swimming competition in Paris. The back-and-forth will take on new life as Aussie and American swimmers take to the pool and compete to take home the most medals. Bronte Campbell, swimming on the Australian’s 4x100-meter freestyle relay team, told reporters: “I really respect our American competitors. “So that was a really, really special event tonight.”

Persons: Paris CNN —, Katie Ledecky, Jean Catuffe, Ledecky, She’ll, She’s, hasn’t, she’s, Titmus, Ledecky’s, Summer McIntosh, Rob Koehler, ”, “, ” CHINADA, Witold Bańka, Caeleb Dressel, ” Dressel, Cate Campbell –, Michael Phelps, Phelps, Campbell, “ It’s, ” Campbell, I’ve, Ian Thorpe of, Chad le Clos, …, ” Phelps, USA’s, Phelps ’, Bronte Campbell, ” Leon Marchand, Leon Marchand, Sarah Stier, Marchand, It’s, Dressel, he’s Organizations: Paris CNN, Team USA, Olympic Games, Paris La Defense, La Défense, New York Times, Tokyo Olympics, Global, CNN, Tokyo, Doping Agency, CHINADA, NBC, USA, Team France, Olympic Locations: Paris, Nanterre, France, Tokyo, La, American, USA, Australian, Ian Thorpe of Australia, South Africa

☆ The great America-Australia relay rivalry gets another worthy chapter in Paris
▼ + stars: | 2024-07-27 | by ( Matthew Futterman | ) www.nytimes.com time to read: +7 min

That was in 2000 in Sydney in the men’s 4×100, at a time when the American men were untouchable at the distance. Australia’s Michael Klim plays lead guitar while Ian Thorpe, right, looks on after the Australians beat the U.S. in the 4×100 freestyle relay in Sydney in 2000. The Chinese men led early but faded. Far and away the dominant swimming nation, American men won the 4×100 freestyle from 1964 until the air guitar incident in 2000. American women won it 14 times from 1924 to 2000.

Persons: That’s, There’s, Gary Hall Jr, Ian Thorpe, Australia’s Michael Klim, Al Bello, Meg Harris of, ’, Simone Manuel of, who’d, glumly, Kate Douglass, Gretchen Walsh, Torri, Hunter Armstrong, Qin Haiyang, Manuel, “, ”, Meg Harris, Mollie O’Callaghan, Quinn Rooney, it’s, Cate Campbell, Emma McKeon, Caeleb Dressel, ” Dressel, Armstrong, Dressel, Ian MacNicol Organizations: Paris Games, Australia, U.S, Getty, New York Times, ARD, FBI, Doping Agency, International Olympic, Aussie, Tokyo, “ Locations: France, Sydney, Meg Harris of Australia, U.S, Tokyo, Salt Lake City, Utah, Australian, Australia, United States, Paris

☆ A massive race to start the Olympics: Get ready for the women’s 400-meter freestyle
▼ + stars: | 2024-07-26 | by ( Nicole Auerbach | ) www.nytimes.com time to read: +7 min

AdvertisementAustralian Ariarne Titmus, 23, is the defending Olympic gold medalist in the event and the favorite entering Saturday’s competition. American Katie Ledecky, 27, took gold in the 400 free in the previous Olympics in Rio de Janeiro. Plus, the field includes 17-year-old Canadian phenom Summer McIntosh, who set the world record in the event in 2023 before Titmus re-set it. With none of the runners-up in view, Ariarne Titmus reaches for gold in the women’s 400-meter freestyle at the 2023 world championships. (Jacob Kupferman / Getty Images)(Top illustration: Dan Goldfarb / The Athletic; photos of Ariarne Titmus, Katie Ledecky and Summer McIntosh: Quinn Rooney, Maddie Meyer and Jacob Kupferman / Getty Images)

Persons: PARIS — It’s, Katie Ledecky, Summer McIntosh, Titmus, “, I’ve, ” Ledecky, Erika Fairweather, McIntosh, She’ll, Adam Pretty, Canada’s, she’s, Ledecky, Regan Smith, Kate Douglass, Alex Walsh, ” Brent Arckey, don’t, Caeleb Dressel, ” Titmus, I’m, ”, Larisa Latynina, Jacob Kupferman, Dan Goldfarb, Ariarne Titmus, Quinn Rooney, Maddie Meyer Organizations: Paris Games, PARIS, Tokyo Games, Summer’s Games, CBC Sports, U.S, Titmus, McIntosh, Olympic Locations: Rio de Janeiro, U.S, Fukuoka, Japan, Sarasota , Fla, Tokyo, Titmus, Australia, Titmus Australia, Chartres, France, London, Soviet Union, Ledecky, McIntosh, Paris

☆ Rohan Bopanna’s path to the Olympics, via a Grand Slam and doubles world No 1
▼ + stars: | 2024-07-26 | by ( Matthew Futterman | ) www.nytimes.com time to read: +15 min

He needed to practice Iyengar yoga: a style that focuses on alignment. There, he came to know the father of Mahesh Bhupathi, one of India’s most successful players and a Grand Slam doubles champion. Polamarasetty told Bopanna that his knee wasn’t his problem. The kismet of Iyengar might have saved his knees, but none of the rest — the first Grand Slam title, the being doubles world No. Bopanna’s partner, Matwe Middelkoop, wanted to play with another Dutchman to better prepare for the Olympics and Davis Cup.

Persons: Rohan Bopanna’s, He’d, Matthew Ebden, Bopanna, Sriram Balaji, Fabien Reboul, Edouard Roger, Vasselin, Elsa, Getty, ” Bopanna, Rohan Bopanna, Bill Gates, Paul Allen, didn’t, Mohan Polamarasetty, Jaya, Polamarasetty, Iyengar, Mohan, “, ”, Bopanna’s, Clive Brunskill, Mahesh Bhupathi, Bhupathi, Boppanna, Haq Qureshi, Qureshi, Matthew Stockman, Prince Albert in, “ It’s, ” Polmarasetty, Max Purcell, Matwe Middelkoop, Ebden, Scott Davidoff, Supriya, Tridha, ” Davidoff, William West, Daniel Goldfarb, Shi Tang, Daniel Pockett Getty Organizations: All England Club, Olympics, Microsoft, University of Washington, Iyengar, Google, Jaya, Aisam, Getty, Pak Express, U.S ., Peace, Davis, Getty Images Locations: India, Coorg, Bangalore —, Bangalore, Pune, Chennai, Pakistan, South Asia, Prince Albert in Monaco, Australia, AFP

☆ Yen heads for strongest week in 3 months as carry trades unwind
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +3 min

The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The euro was a tad stronger at $1.0853 but is down 0.35% for the week, its steepest weekly decline since early June. The souring risk sentiment this week has weighed heavily on the Aussie and the New Zealand dollar . The Aussie is down 2% for the week, its worst weekly performance since November 2023.

Persons: James Athey, Ben Bennett, they're Organizations: Marlborough Investment Management, Federal, Fed, Traders, Bank of Japan, Legal, General Investment Management, New Zealand Locations: Tokyo, Asia, Pacific

☆ Asia markets open lower as traders assess Aussie business activity data, U.S. tech earnings
▼ + stars: | 2024-07-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets fell on Wednesday as traders assessed July business activity data from Australia, tech earnings from the U.S. and awaited Japan PMI readings. Late Tuesday, automaker Toyota said it will buyback 806.85 billion yen ($5.17 billion) of its shares from major Japanese banks and insurers, including Tokio Marine , Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group . Heavyweight Samsung Electronics plunged 1.8%, even as Reuters reported that chip giant Nvidia had cleared its chips for use in a processor for the China market. The South Korean electronics company is still grappling with a strike from its largest workers union, with talks on Tuesday yielding no results, according to the National Samsung Electronics Union, which has about 30,000 members. Hong Kong Hang Seng index futures were at 17,474, just marginally higher than the HSI's last close of 17,469.36.

Persons: Topix, Australia's Organizations: Sydney Opera House, Japan PMI, Nikkei, PMI, Toyota, Tokio Marine, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Samsung Electronics, Reuters, Nvidia, National Samsung Electronics Union, Juno Bank . Hong Locations: Asia, Pacific, Australia, U.S, Japan, China, Korean, Juno Bank . Hong Kong

☆ Dollar firms as commodities slide and carry unwinds
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +3 min

Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.

Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia

☆ Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift
▼ + stars: | 2024-07-23 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Australian dollars are seen in an illustration photo February 8, 2018. The two Antipodean currencies, often used as liquid proxies for the Chinese yuan, were flat after slumping in the previous session in the wake of the news. The Australian dollar was trading at $0.6643 early on Tuesday and the New Zealand dollar dipped 0.01% to $0.5979. In the broader market, currency moves were subdued as traders looked to central bank meetings in the U.S. and Japan next week. In cryptocurrencies, bitcoin fell 0.7% to $67,665, retreating from an over one-month top hit in the previous session.

Persons: Daniel Munoz, China's, Rodrigo Catril, Joe Biden's, NAB's, bitcoin, Rae Wee, Stephen Coates Organizations: REUTERS, New, New Zealand, National Australia Bank, NAB, Trump, U.S, Treasury, Thomson Locations: SINGAPORE, New Zealand, China, U.S, Japan

☆ Hungarian Grand Prix: Oscar Piastri wins his first ever F1 race in tense affair highlighted by McLaren team drama
▼ + stars: | 2024-07-22 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —Australia’s Oscar Piastri won his maiden Formula One Grand Prix on Sunday, but probably not in the circumstances he would have dreamed. The McLaren driver qualified second and snatched the lead at the start of the Hungarian Grand Prix from teammate Lando Norris and looked set to take claim victory after driving a commanding race. Piastri leads Norris during the race. His race engineer, Will Joseph, pleaded with him over team radio for multiple laps, urging him to “do the right thing” before Norris eventually gave in. If some people don’t like that, then stay home.”F1 next heads to Spa this weekend for the Belgian Grand Prix.

Persons: CNN — Australia’s Oscar Piastri, Lando Norris, Norris, undercutting ’, McLaren, Piastri, Mercedes, Lewis Hamilton, Mark Thompson, ”, ” Piastri, “, Will Joseph, you’re, ” Norris –, –, Max Verstappen, Rudy Carezzevoli, Hamilton, Ferrari’s Charles Leclerc, Verstappen Organizations: CNN, Formula, McLaren, Prix, Aussie, Red Bull, Belgian Locations: Hungarian, Qatar, Australian, Miami

☆ The evolution of Katie Ledecky: As Olympics near, U.S. star comes full circle
▼ + stars: | 2024-07-22 | by ( Nicole Auerbach | ) www.nytimes.com time to read: +9 min

Katie Ledecky’s first question was quintessential Katie: Hey, I’m coming home to Maryland for a few days in May. And he watched 27-year-old Katie Ledecky work the room, taking photos with those who asked and speaking with people from all walks of life. The little girl who once dressed up as Katie Ledecky for Halloween qualified to be part of the women’s 4×200-meter freestyle relay with her. Katie Ledecky, right, embraces Erin Gemmell after the 200-meter freestyle at the U.S. Olympic trials. Katie Ledecky shows off her gold medal from the 800-meter freestyle at the Tokyo Olympics in 2021.

Persons: Bruce Gemmell, Katie Ledecky’s, Katie, I’m, you’d, ” Gemmell, “, ‘, Joe Biden, Gemmell, Biden, Katie Ledecky, Nancy Pelosi, it’s, ”, Erin, Ledecky, she’d, Erin Gemmell, Gemmell’s, Sarah Stier, She’s, ” Erin, It’s, Andrew, Erin can’t, can’t, Erin isn’t, she’s, ” Bruce Gemmell, ” Ledecky, Alex Shackell, Claire Weinstein, Katie Grimes, Larisa Latynina, Summer McIntosh, She’ll, Oli Scarff, doesn’t, you’re, I’ve, Yuri Suguiyama, That’s, London …, Eamonn Dalton, Al Bello Organizations: Paris, London Olympics, Rio Games, U.S . Olympic, Olympic, U.S, Team USA, Los Angeles Olympics, Paris Games, Tokyo, Getty, London Locations: Maryland, Delaware, London, Indianapolis, Paris, North Carolina, Croatia, Soviet Union, Australia, AFP, Rio de Janeiro

☆ Team USA has owned the Olympic swimming pool — is that about to change in Paris?
▼ + stars: | 2024-07-16 | by ( Nicole Auerbach | ) www.nytimes.com time to read: +9 min

Its anthem played, over and over again, as the Americans received their gold medals atop the podium. AdvertisementU.S. swimmers have won the overall medal count and the gold medal count so often over the years that it almost has been taken for granted. Heading into the Paris Games, the Australians will be favored to win the most gold medals in the pool. Of the nine swimmers who won multiple individual gold medals, Katie Ledecky was the only American swimmer to do so. Still, USA Swimming president and CEO Tim Hinchey III has said the organization’s goal is to win the total medal count and the gold medal count.

Persons: Michael Phelps, wasn’t, Todd DeSorbo, we’ve, —, ”, Cate Campbell, ” Campbell, Katie Ledecky, Bob Bowman, Caeleb Dressel, Simone Manuel, Sarah Stier, Campbell, Phelps, he’d, we’ll, ” Phelps, Mollie O’Callaghan, Dressel, he’s, Bobby Finke, Ryan Murphy, Gretchen Walsh, Regan Smith, Kate Douglass, Walsh, Smith, Kaylee McKeown, Maggie Mac Neil, Summer McIntosh, Zhang Yufei, Douglass, McIntosh, McKeown, Alex Walsh, breaststroker Lilly King, Katie Grimes, breaststrokers Nic Fink, Matt Fallon, Carson Foster, Frenchman, Léon Marchand, Ryan Lochte, Ledecky, Lochte, Tim Hinchey, ” DeSorbo, “ We’re, Dan Goldfarb, Tom Pennington, Al Bello Organizations: Paris Games, Team USA, ” Count, “, Australia’s, NBC, Ledecky, Games Locations: Barcelona, Tokyo, United States, East Germany, Fukuoka, Japan, Paris, U.S, “ Australia, China, Britain, Rio de Janeiro, Ledecky, USA, Croatia

☆ Cleveland Guardians: Travis Bazzana becomes first Australian ever taken with top pick in Major League Baseball draft
▼ + stars: | 2024-07-15 | by ( Brad Lendon | Jacob Lev | ) edition.cnn.com time to read: +4 min

CNN —The Cleveland Guardians selected Australian second baseman Travis Bazzana with the top pick in the 2024 Major League Baseball Draft on Sunday, the first time an Aussie has been taken in the first round - let alone with the first overall pick - for the world’s premier baseball league. With his selection by Cleveland, Bazzana will join a franchise with the best record in the American League and the second-best record in MLB as well as baseball’s No. Now he hopes his pick at the top of the MLB Draft will translate into more Australians dreaming of the baseball diamond. Travis Bazzana was selected first overall by the Cleveland Guardians during the 2024 MLB Draft at Cowtown Coliseum on July 14, 2024 in Fort Worth, Texas. The MLB Draft continues through July 16 ahead of the MLB All-Star game at Globe Life Park in Arlington, Texas.

Persons: Travis Bazzana, Bazzana, Steven Kwan, Jeff Moreland, ”, we’ve, Sam Hodde, Chris Antonetti, Travis, he’s, Paul Skenes, Cleveland, Chase Burns, Charlie Condon, Golden, – Organizations: CNN, Cleveland Guardians, Major, Baseball, world’s, Oregon State University for, Australia, Cleveland, American League, MLB, Oregon State Beavers, Turramurra High, Oregon State University, ESPN Australia, ESPN, Guardians, Cowtown Coliseum, Images, Collegiate, American, Major League, Pittsburgh Pirates, Cincinnati Reds, Wake, NCAA Division, The Colorado Rockies, University of Georgia, Life Locations: Kentucky, Lexington, Sydney’s, Fort Worth , Texas, Arlington , Texas

☆ Wimbledon final analysis: Carlos Alcaraz beats Novak Djokovic for second Wimbledon title
▼ + stars: | 2024-07-14 | by ( Matthew Futterman | Charlie Eccleshare | ) www.nytimes.com time to read: +17 min

Follow live coverage of the 2024 Wimbledon men’s final and mixed doubles final hereWIMBLEDON — Carlos Alcaraz beat Novak Djokovic in the Wimbledon final at the All England Club 6-2, 6-2, 7-6 on Sunday. That’s any match, against any ailing opponent — let alone a Wimbledon final against a 24-time Grand Slam champion. By the time he had raised his level to where it needed to be to hang with Alcaraz, Djokovic was down two sets. In Sunday’s final, Wimbledon got a glimpse of how irresistible he is when this area of his game clicks. As they were watching my final, I have to watch their final and support them.”What did Novak Djokovic say after the final?

Persons: Carlos Alcaraz, Novak Djokovic, Djokovic’s, Roger Federer, Rafael Nadal, Bjorn Borg, Rod Laver, Alexander Zverev, Roland Garros, Andy Murray, Charlie Eccleshare, Matt Futterman, Djokovic, Alcaraz, Djokovic didn’t, Clive Brunskill, It’s, —, John Walton, Alex de Minaur, Doctors, Novak, Frances Tiafoe, Daniil Medvedev, Alexei Popyrin, Holger Rune, De Minaur, Arthur Fils, Lorenzo Musetti, Carlos, it’s, ” Alexander Zverev, Henry Nicholls, bamboozled Djokovic, volleyed, Max Purcell, Jordan Thompson, ”, “, I’m, “ I’ve, Daniil, Medvedev, I’ve, …, Alcaraz “ Organizations: Wimbledon, WIMBLEDON, All England, Djokovic, Alcaraz, Court, Getty, England, “ Locations: Wimbledon, Spain

☆ I grew up in Australia and worked in tourism for years. First-time visitors always make these 5 mistakes.
▼ + stars: | 2024-07-11 | by ( Ash Jurberg | ) www.businessinsider.com time to read: +5 min

Read previewI'm a born-and-bred Aussie who's been fortunate enough to work in travel and tourism, promoting Australia to international visitors. Unfortunately, though, while working in the industry, I've seen visitors believe the same misconceptions about Australia and make similar mistakes over and over again. AdvertisementNot experiencing the local cuisineI always recommend visitors sample local foods like Vegemite on toast. Being overly paranoid about deadly animalsWhen I worked in tourism, a lot of prospective travelers asked me how I survived all the deadly animals in Australia. Although it's true that Australia is known for having deadly snakes, sharks, and spiders, I've never seen one outside a zoo.

Persons: —, it's, africanpix, you'll, she's, I've Organizations: Service, Tourism, Business, Australia Australia, Sydney, Getty Locations: Australia, Sydney, Melbourne, parma

☆ Dollar adrift ahead of U.S. inflation test; sterling firms
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: +3 min

The dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England (BoE). The dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England. BoE Chief Economist Huw Pill on Wednesday said price pressures in Britain's economy were persistent and that the timing of a first rate cut was an "open question". His colleague Catherine Mann signalled she is unlikely to vote for an interest rate cut in August. Against the greenback, the euro gained 0.04% to $1.0834, and the Aussie dollar rose 0.01% to $0.6754.

Persons: BoE, Huw Pill, Catherine Mann, Carol Kong, Jerome Powell Organizations: Bank of England, Monetary, ANZ, MPC, Commonwealth Bank of Australia, Federal Reserve, U.S, New Zealand, Reserve Bank of New, Bank of Japan Locations: U.S, Asia, Japan

☆ Dollar firm on Powell caution, kiwi bides time before rates decision
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: +3 min

The New Zealand dollar edged higher ahead of the central bank's rate decision, with traders on alert for any signals on the timing for policy easing. In the first day of his testimony to Congress overnight, Powell said a rate cut is not appropriate until the Fed gains "greater confidence" inflation is headed toward the 2% inflation target. Traders lay about 73% odds for a rate cut by September, slipping from 76% a day earlier. New Zealand's kiwi added 0.1% to $0.6131, but staying mostly flat this week after pulling back sharply from Monday's three-week high of $0.6171. "If they do, financial markets could fully price the first RBNZ rate cut in October, from November at present," spurring a retreat in the kiwi to NZ$1.1031 per Aussie dollar, she added.

Persons: Jerome Powell, Powell, Taylor Nugent, Kristina Clifton Organizations: Federal, New Zealand, Fed, Traders, National Australia Bank, Reserve Bank of New, Commonwealth Bank of Australia, Aussie, NZ Locations: Reserve Bank of New Zealand

☆ Asia markets rise after S&P 500, Nasdaq close at all-time highs; Aussie consumer confidence dips
▼ + stars: | 2024-07-09 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets opened higher on Tuesday, tracking gains on Wall Street that saw the S&P 500 and the Nasdaq Composite closing at record highs overnight. Hyundai on the other hand reached a tentative wage agreement with its labor union, averting a strike. Hyundai shares slid 1.59%. Last week, the European Union had hiked tariffs on electric vehicles imported from China. Traders in Asia will also watch out for Australia's business confidence data due later in the day.

Persons: Kospi, Mehmet Fatih Kacir, Australia's Organizations: Nasdaq, Nikkei, Samsung Electronics, Hyundai, European Union, Traders Locations: Asia, Pacific, Turkey, China

☆ McDonald's shortens breakfast hours in Australia in response to nationwide egg shortage
▼ + stars: | 2024-07-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Australia is facing an egg supply crunch thanks to bird flu outbreaks — and it's led McDonald's to trim breakfast hours by 90 minutes, also pushing supermarkets to restrict purchases to two cartons per consumer. Citing "industry challenges," McDonald's on Tuesday announced that it was temporarily serving breakfast until 10.30am instead of midday across Australia. The government added that it is currently responding to outbreaks of the H7 high pathogenicity avian influenza (HPAI) at 11 poultry farms. The Food Standards Australia New Zealand (FSANZ) noted that there is currently no evidence that people can contact the virus through "properly prepared" food. "Avian influenza (bird flu) is not a food safety concern and it is safe to eat properly handled and cooked chicken meat, eggs and egg products," the organization added.

Persons: it's, Murray Watt, McDonald's, Rowan McMonnies, there's, McMonnies Organizations: U.S, Australia Facebook, Coles, Woolworths, Food Standards, Food Standards Australia New Zealand Locations: Australia, Food Standards Australia

☆ McDonald’s shortens breakfast time in Australia as bird flu causes egg shortage
▼ + stars: | 2024-07-02 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

McDonald’s has cut breakfast service timings by 90 minutes, the company said, after a shortage of eggs caused by bird flu outbreaks that have led to the slaughter of about 1.5 million chickens. Australia is battling outbreaks of several strains of highly pathogenic avian influenza that have struck 11 poultry facilities, most of them egg farms, in its southeast since May. None of the strains are the H5N1 variant of bird flu that has spread through bird and mammal populations worldwide, infecting billions of animals and a small number of humans. “Consumers can be assured there’s still over 20 million hens under the care of hundreds of egg farmers across Australia that will continue to work hard to ensure there’s eggs on shelves,” he added. Bird flu spreads to farmed animals from wild birds.

Persons: McDonald’s, ” McDonald’s, Rowan McMonnies, there’s Organizations: Good, Facebook Locations: Canberra, Australia

☆ Former Outback Steakhouse employees share the best things to order — plus what to skip
▼ + stars: | 2024-07-02 | by ( Pascale Mondesir | ) www.businessinsider.com time to read: +7 min

"I don't think I ever had a customer send one back for being too tough, too marbled, or being unsatisfied with it," she told BI. Related stories"I've never had another salad like it — it's sweet, salty, and amazing," Lee told BI. "The best dessert to order from the menu was Thunder and Lightning because it featured chocolate, strawberries, and more chocolate," she told BI. "Most of the customers ordered these three to five times during a shift," he told BI. AdvertisementShe told BI that most of the time, people sent it back to the kitchen.

Persons: —, Eric Bush, Michaela Mutell, Audria Lee, Irene Jiang, Mutell, Lee, Montell, I've, Bush, Oliver Tsang, fryer, Sydney Shrooms, Lee wasn't Organizations: Service, Business, Down, South China Morning, Getty, Sydney, Outback, Toowoomba Locations: American, Texas, New York, South

☆ Euro rises after France's first-round vote, yen struggles
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: +3 min

The euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter growth figures knocked the yen lower. "They (RN) have actually performed a little bit worse than what was expected," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. The yen struggled to gain ground against a broadly weaker dollar, and was last 0.05% lower at 160.93 per dollar. That could lead to a cut to the Bank of Japan's growth forecasts in fresh quarterly projections due later this month and affect the timing of its next interest rate hike, analysts said. Elsewhere in Asia, the Chinese yuan - also a victim of stark interest rate differentials with the U.S. - was last 0.02% higher at 7.2981 per dollar in the offshore market.

Persons: Emmanuel Macron, Carol Kong, Michael Brown, CBA's Organizations: Commonwealth Bank of Australia, Reserve, New Zealand, Bank of, U.S Locations: Japan, Asia

☆ Dollar barges past 161 yen and eyes quarterly rise
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: +2 min

The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. At 172.37 per euro it traded at a lifetime low on the common currency as yen bears test authorities' resolve. The New Zealand dollar dipped 0.3% to $0.6065 on Friday, but was up 1.5% for the quarter. The U.S. dollar index was 0.2% stronger at 106.07 on Friday for a 1.5% quarterly rise.

Persons: Ray Attrill, Donald Trump, Joe Biden, Biden, NAB's Attrill Organizations: Republican, Democratic, New Zealand, U.S, Federal Locations: Asia, Tokyo, Australia, Sydney, Atlanta, U.S

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