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☆ Renting an ‘Overlanding’ Vehicle Can Take You Where No RV Has Gone Before
▼ + stars: | 2023-10-18 | by ( Brigid Mander | ) www.wsj.com time to read: 1 min

POP-UP PARADISE Vehicles like those available from Colorado Overlander come with attached tents. Photo: Alpen Glow CreativeTO PAULA REYNOLDS, 69, the prospect of driving down bone-rattling dirt roads and camping in wild swaths of the American West did not sound like a dream vacation. She expressed perfectly reasonable skepticism when her sons, Adam, 39, and Andy, 34, suggested renting an “overlanding” vehicle for a week-long backcountry adventure through Colorado and Utah to celebrate their dad’s 70th birthday. According to Adam, they “really had to sell her on being able to see these untouched landscapes” and reassure her that they’d have a whole team behind them, with route-planning and emergency satellite communications.

Persons: PAULA REYNOLDS, Adam, Andy Organizations: Vehicles, Colorado Overlander Locations: Colorado, American, Utah

☆ Dollar up after inflation data boost
▼ + stars: | 2023-10-13 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. Data on Wednesday had shown U.S. producer prices increased more than expected in September amid higher costs for energy products and food. The dollar index , which measures the U.S. currency against six of its major peers, ticked up 0.11% to 106.63. Sweden's crown , edged up against both the dollar and euro after consumer price data came in higher-than-forecast, adding to risks that the Riksbank could raise rates further. Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected.

Persons: Jose Luis Gonzalez, Helen, Jonas Goltermann, Patrick Harker, Adam Cole, Saqib Iqbal Ahmed, Brigid Riley, Samuel Indyk, Miral Fahmy, Mark Potter, Alexander Smith, Jonathan Oatis Organizations: REUTERS, U.S, Federal, Reuters, PPI, Capital Economics, Fed, Federal Reserve Bank of Philadelphia, RBC, of Canada, Thomson Locations: Ciudad Juarez, Mexico, Israel, Gaza, Sweden's, China

☆ Morning Bid: Markets regain footing with focus back on Fed
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. Meanwhile, 10-year U.S. Treasuries managed their sharpest rally in more than a month at the Tokyo opening on Tuesday, on a combination of the dovish Fed remarks and demand for safe assets. Markets will have plenty more chances to hear from Fed officials, who will be out in full force at events on Tuesday while minutes of their September monetary policy meeting will be published on Wednesday. Elsewhere, the IMF and World Bank annual meetings in Morocco get into full swing, with a range of leading global policymakers set to speak. European Central Bank President Christine Lagarde makes her appearance at the meetings on Tuesday, speaking after economic data the previous day added fuel to fears of a potential recession in Germany, the euro zone's largest economy.

Persons: Jason Reed, Brigid Riley, Treasuries, Christine Lagarde, Fed's Raphael Bostic, Christopher Waller, Neel Kashkari, Mary Daly, Edmund Klamann Organizations: U.S . Federal, REUTERS, Federal Reserve, Treasury, IMF, World Bank, European Central Bank, PepsiCo, Bank, Thomson Locations: Washington, U.S, Tokyo, Morocco, Germany, Asia, China, Sweden

☆ Yen gets reprieve as dollar dented by private payrolls report
▼ + stars: | 2023-10-05 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. Having come off its nearly 11-month high, the dollar index , which tracks the greenback against six peers, held near overnight levels, settling at around 106.55. Longer dated U.S. Treasury yields eased from 16-year highs after the data and remained lower in the Asian day. Besides the lower U.S. Treasury yields, the yen also drew support from an overnight drop in oil prices, said Kyle Rodda, markets analyst at Capital.com, though he added that it was likely to be a "short-term reprieve." The Australian dollar fetched $0.63655 , up over 0.6%, while the kiwi was up around 0.5% to $0.59445 against the greenback.

Persons: Florence Lo, Moh Siong Sim, Shunichi Suzuki, Kyle Rodda, Rodda, Brigid Riley, Gerry Doyle, Simon Cameron, Moore Organizations: U.S, REUTERS, Rights, Treasury, Federal Reserve, ADP, Bank of Singapore, Bank of, Japan, Finance, Japanese Finance Ministry, Sterling, Australian, greenback Locations: U.S, Bank of Japan, Tokyo, OPEC

☆ Yen gets some relief as dollar pulls back after private payrolls report
▼ + stars: | 2023-10-05 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The dollar index , which tracks the greenback against six peers, held near overnight levels at 106.53. Longer dated U.S. Treasury yields eased from 16-year highs after the data and remained lower in the Asian morning. Elsewhere, the euro was up 0.18% so far in Asia at $1.0524 , keeping above this week's fresh low of $1.0448. The Australian dollar fetched $0.6361 , up over 0.5% in early trade, while the kiwi similarly ticked up 0.5% to $0.5943 against the greenback.

Persons: Florence Lo, Moh Siong Sim, Shunichi Suzuki, Kyle Rodda, Sterling, Brigid Riley, Gerry Doyle, Simon Cameron, Moore Organizations: U.S, REUTERS, Rights, Treasury, Federal Reserve, ADP, Bank of Singapore, Bank of, Japan, Finance, Australian, greenback, Thomson Locations: U.S, Bank of Japan, Tokyo, Asia

☆ Dollar hits new high on upbeat data, yen teeters near intervention line
▼ + stars: | 2023-10-03 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

The euro also traded near a one-year low against the greenback, dropping below January's 1.0482 nadir, as manufacturing surveys released in both Europe and the U.S. on Monday highlighted the divergence between the two economies. The dollar index rose around 0.5% to 107.06, at one point hitting as high as 107.12, its highest since November 2022. Japan's key economic ministers warned again on Monday that authorities were watching with a "strong sense of urgency" as the yen slid. The yen was last at 149.80 against the dollar, just off the overnight low of 149.88. (This story has been corrected to fix euro milestone to near one-year low, not over one-year low, in paragraph 2)Reporting by Brigid Riley Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Carol Kong, Kong, Sterling, Brigid Riley, Shri Navaratnam Organizations: REUTERS, Rights, Federal Reserve, Treasury, Commonwealth Bank of Australia, PMI, Reserve Bank of Australia, Thomson Locations: Europe

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The sharp move lower suggested the Bank of Japan had intervened in the market to keep the yen from falling further. "It has all the hallmarks of intervention in all honesty," said Michael Brown, market analyst at Trader X in London. "The continued uptrend in UST-JGB encouraged the 150 to be breach in the wake of the better-than-expected JOLTS data. The dollar slipped 0.51% against the yen to 149.08 after hitting 150.165 on the JOLTS report.

Persons: Florence Lo, Michael Brown, Marc Chandler, Jeremy Stretch, JGB, Stretch, Shunichi Suzuki, Wei Liang Chang, Russia's rouble, Herbert Lash, Brigid Riley, Alun John, Joice Alves, Kevin Buckland, Marguerita Choy, Sharon Singleton Organizations: U.S, REUTERS, Bank of Japan, New York Federal Reserve, Trader, Bannockburn Global, CIBC Capital Markets, UST, Finance, DBS, Strong U.S, Federal Reserve, Reserve Bank of Australia's, Swiss, Thomson Locations: London, Bannockburn, New York, United States, Europe, Tokyo

☆ Japanese yen weakens past psychologically significant 150 per dollar level
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: 1 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsNEWYORK/LONDON/TOKYO, Oct 3 (Reuters) - The yen weakened to 150 to the dollar on Tuesday, a level some analysts think could prompt concerned Japanese authorities to intervene to prop up the currency. The dollar rose as high as 150.165 yen, its highest since October 2022, as the greenback pushed higher against most currencies, driven by surging U.S. Treasury yields. Reporting by Alun John in London, Brigid Riley and Kevin Buckland in Tokyo, and Gertrude Chavez-Dreyfuss in New York; Editing by Amanda Cooper and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Alun John, Brigid Riley, Kevin Buckland, Gertrude Chavez, Dreyfuss, Amanda Cooper, Jonathan Oatis Organizations: U.S, REUTERS, Treasury, Thomson Locations: TOKYO, London, Tokyo, New York

☆ Morning Bid: Markets strap in for PMI data dump
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

A round of purchasing managers index (PMI) data from across the globe continues with Europe on Monday, following Chinese PMI data over the weekend that pointed to mixed levels of services and manufacturing activity last month. Markets have been feeling the pain after stocks, bonds and non-dollar currencies around the world mostly fell in the previous month, as investors adjusted to the idea that U.S. interest rates will stay elevated for longer. Meanwhile, the euro zone has been grappling with recession jitters amid a slew of other indicators, putting a damper on last week's good news that inflation in the area fell to its lowest in two years. Monday's final manufacturing PMI data from the EU will be closely watched after the preliminary report last month painted a mixed picture of the region's economic health; the index showed a rise in September from August's 33-month low, yet still lingered below the mark separating expansion from contraction. Meanwhile, oil prices are up again on Monday, reversing some of Friday's losses.

Persons: Brigid Riley, Luis de Guindos, Michael Barr, John Williams, Patrick Harker, Loretta Mester, Muralikumar Organizations: PMI, August's, Federal, Reuters, ECB, NY, Philly Fed, Cleveland Fed, Thomson Locations: Europe, Germany, France, Italy, Spain, Switzerland, Sweden, Cleveland

☆ Dollar set for best quarter in a year; yen-watch rumbles on
▼ + stars: | 2023-09-29 | by ( Amanda Cooper | ) 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. "We've had resilience in the U.S. economy, in the jobs market, inflation ticking higher and, obviously, the rise in oil prices. "We're not really expecting to see any rate cuts for quite some time, well toward the back end of 2024. Markets are looking ahead to the next data points, starting with key U.S. personal consumption data due later on Friday. The yen last traded at 149.125 to the dollar, which eased 0.13% on the day.

Persons: Florence Lo, Fiona Cincotta, We're, Tony Sycamore, we've, Sycamore, Thomas Barkin, Yasunari Ueno, Brigid Riley, Gerry Doyle, Neil Fullick, Kevin Liffey Organizations: U.S, REUTERS, Treasury, City Index, Federal Reserve, IG, Richmond Fed, Mizuho Securities, Sterling, National Statistics, COVID, Thomson Locations: U.S, City, Tokyo

☆ Dollar sticks near 10-month high, keeping heat on yen
▼ + stars: | 2023-09-28 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTOKYO, Sept 28 (Reuters) - The dollar clung near a 10-month high against a basket of its peers on Thursday, keeping the yen under pressure near a key intervention zone as investors size up upbeat U.S. economic data and fresh comments from Federal Reserve officials. Fed Chair Jerome Powell is scheduled to speak later on Thursday, giving markets further clues into the future path of U.S. monetary policy. The U.S. dollar index , which measures the greenback against a basket of other major currencies, hovered around 106.58, after hitting 106.84 overnight, the highest level since Nov. 30. The dollar/yen pair tends to be extremely sensitive to changes in long-term U.S. Treasury yields, particularly at the 10-year maturity.

Persons: Dado Ruvic, Neel Kashkari, Jerome Powell, Kyle Rodda, Tony Sycamore, Brigid Riley, Shri Navaratnam Organizations: REUTERS, Rights, Federal Reserve, Federal Reserve Bank of Minneapolis, Fed, U.S, Treasury, IG, Thomson Locations: U.S

At one point, the indictment said, Menendez Googled the phrase "price of a kilo of gold." "People are salivating at the opportunity to have an open Senate seat, which might lead to an open congressional seat, which might lead to an open state Senate seat, which might call into question who might be the state Senate president," Harrison says. Democratic members of Congress from neighboring states – including a Latina, Rep. Alexandria Ocasio-Cortez, have called on Menendez to resign. "It is hard for me to believe that Sen. Menendez can be effective in his job, given these allegations. But I think I want to get back and talk to my colleagues on the Foreign Relations Committee before I recommend a path forward for Sen. Menendez,” Sen. Chris Murphy, Connecticut Democrat, told MSNBC in an interview on Sunday.

Persons: Andrew Cuomo, Cuomo, Anthony Weiner wasn't, Weiner, –, Nancy Pelosi, Sen, Bob Menendez, Jersey pols, Brandon Rottinghaus, Menendez –, Menendez, Nadine, Fidel Castro, Menendez's, Robert Menendez Jr, Phil Murphy, Andy Kim, Murphy, Brigid Harrison, Harrison, Alexandria Ocasio, Summer Lee of Pennsylvania, John Fetterman of, Donald Trump, ” Sen, Chris Murphy, Mark Kelly, Pelosi, didn't, Joe Biden, James Traficant, Traficant, Gary Condit, Chandra Levy, Condit, George Santos, ” Santos, they’re, ”, Rottinghaus Organizations: Democratic, New, Twitter, Bob Menendez of New, Senate Foreign Relations, University of Houston, Foreign, Prosecutors, Foreign Relations, Banking, Housing, Urban Affairs Committee, Gov, Democratic Party, Montclair State University, Latina, Connecticut Democrat, MSNBC, United State Senate, Arizona Democrat, CBS, James Traficant , Ohio Democrat, House, Capitol Locations: New York, Bob Menendez of, Bob Menendez of New Jersey, Jersey, New Jersey, Union City , New Jersey, Cuba, Alexandria, Cortez, John Fetterman of Pennsylvania, Connecticut, Arizona, James Traficant , Ohio, California, Rock Creek

☆ Morning Bid: Fed's hawkish pause keeps pressure on markets
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

Global markets have been feeling the heat as U.S. bond yields surged and a strengthened dollar hit a six-month high following the Federal Reserve's hawkish tone last week. The euro zone central bank also struck a relatively dovish tone. But markets will have plenty of material to pore over this week as they try to glean future Fed moves. In the euro zone, ECB President Christine Lagarde kicks off a string of speeches and remarks this week. Markets are expecting that the euro zone's central bank is done hiking.

Persons: Jonathan Ernst, Brigid Riley, Neel Kashkari, Christine Lagarde, Francois Villeroy de Galhau, Isabel Schnabel, Fed's Neel Kashkari, Edmund Klamann Organizations: . Federal, REUTERS, Brigid, Brigid Riley Investors, Global, Federal Reserve, U.S, Minneapolis, China, HK, ECB policymaker, Bank of France, ECB, Thomson Locations: Washington, U.S, Europe, Britain, Switzerland, Japan, China, Hollywood

☆ Ethiopia's Assefa smashes women's marathon world record in Berlin
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +3 min

BERLIN, Sept 24 (Reuters) - Ethiopia's Tigst Assefa shattered the women's marathon world record in Berlin on Sunday, lopping off more than two minutes from the previous best to clock an official time of two hours 11 minutes and 53 seconds. "I knew I wanted to go for the world record but I never thought I would do this time," said the 26-year-old, a former 800-metre runner. Her remarkable victory overshadowed men's world record holder Eliud Kipchoge's record fifth victory on Berlin's quick and flat inner-city course. Compatriot Vincent Kipkemoi was second, with a time of two hours three minutes 13 seconds and Ethiopia's Tadese Takele third. She had no problem maintaining her pace and at the 37km mark she was just three seconds per kilometre slower than Kipchoge's time at the same stage, cruising to a sensational world record.

Persons: Assefa, lopping, pulverise Kenyan Brigid Kosgei's, Eliud, Kipchoge, Vincent Kipkemoi, Tadese, Workenesh Edesa, Sheila Chepkirui, Tanzania's Magdalena Shauri, Karolos Grohmann, Hugh Lawson Organizations: pulverise Kenyan, Ethiopian Olympic, National Committee, Climate, Thomson Locations: Berlin, Paris, Kenya

☆ Tigist Assefa obliterates women’s marathon world record in Berlin while Eliud Kipchoge makes history
▼ + stars: | 2023-09-24 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —Ethiopia’s Tigist Assefa obliterated the women’s marathon world record on Sunday as she won the Berlin Marathon, completing the course in 2:11:53 and shaving more than two minutes off the previous best. It was a blistering race from the very start with the leading 12 women all running within world record pace through the opening 15 kilometers. By the halfway point, Assefa was more than a minute inside world record pace and alone at the head of the race, streaking ahead of the field. Eliud Kipchoge won his fifth Berlin Marathon title. The speed of this year’s Berlin Marathon was underscored by a record nine men finishing inside 2:05 and a record eight women finishing inside 2:20.

Persons: Assefa, Brigid Kosgei’s, Kenya’s Sheila Chepkirui, Magdalena Shauri, Eliud Kipchoge, Tobias Schwartz, Kenya’s Eliud Kipchoge, Derseh Kindie Organizations: CNN, Berlin, Marathon, Athletics, Getty

☆ Athletics-Ethiopia's Assefa smashes women's marathon world record in Berlin
▼ + stars: | 2023-09-24 | by ( ) www.cnbc.com time to read: +1 min

Tigist Assefa from Ethiopia wins the race with the new world record of 2:11:52h during the 2023 BMW Berlin-Marathon on September 24, 2023 in Berlin, Germany. Ethiopia's Tigst Assefa shattered the women's marathon world record in Berlin on Sunday, lopping off more than two minutes from the previous best to clock an official time of two hours 11 minutes and 53 seconds. Her remarkable victory overshadowed men's world record holder Eliud Kipchoge's record fifth victory on Berlin's quick and flat inner-city course. She clocked an hour six minutes 20 seconds at the halfway mark and was one of six women to be on world record time at that stage as the Berlin marathon lived up to its reputation as one of the world's fastest. She had no problem maintaining her pace and at the 37km mark she was just three seconds per kilometre slower than Kipchoge's time at the same stage, cruising to a sensational world record.

Persons: Tigist Assefa, Ethiopia's, Assefa, lopping, Kenyan Brigid Kosgei's, Eliud Organizations: Kenyan Locations: Ethiopia, Berlin, Germany, Paris

BERLIN (AP) — Tigst Assefa broke the women's world record by more than two minutes Sunday at the Berlin Marathon, as Eliud Kipchoge won the men's race for the fifth time but couldn't break his own record. Ethiopian runner Assefa, the winner in Berlin a year ago, ran 2 hours, 11 minutes, 53 seconds to break the previous women's record of 2:14:04 set by Brigid Kotsgei at the Chicago Marathon in 2019. His time of 2 hours, 2 minutes, 42 seconds was more than a minute and a half off the record he set in Berlin last year. Kipchoge broke the two-hour barrier in Vienna in 2019 when he ran 1:59:40 but it was not officially considered the world record. The German environmental group Last Generation had signaled it intended to disrupt the Berlin Marathon.

Persons: Tigst Assefa, Eliud Kipchoge, Assefa, Brigid Kotsgei, Kipchoge Organizations: BERLIN, Berlin, Chicago Marathon, Marathon . Police Locations: Berlin, Vienna

☆ The Year Lou Reed Gave Up on Music
▼ + stars: | 2023-09-22 | by ( Will Hermes | ) www.nytimes.com time to read: +1 min

Lou Reed strode onto the stage at Max’s Kansas City late on a Sunday night in August 1970. “We’re called the Velvet Underground. Danny Fields, a regular at Andy Warhol’s Factory who would soon discover the Ramones, was there, as he was virtually every night. Like Warhol, she was an obsessive taper, and had recorded a number of Velvets shows that summer. The tape would soon be passed around the underground and would eventually be released as an album — since Reed had decided this would be the last Velvet Underground show.

Persons: Lou Reed strode, “, ”, “ We’re, Sid, Toby Reed, Danny Fields, Andy Warhol’s, Brigid Berlin, Richard E, Brigid Polk, Warhol, Jim Carroll, Reed Organizations: Max’s Kansas City, Hearst Corporation, Sony Locations: Max’s, Long, Berlin

☆ Pound, franc slide as central banks pause hikes; dollar holds firm
▼ + stars: | 2023-09-21 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

The euro rose as high as 0.9677 francs and is set for its biggest one-day rise since June. The dollar rose 0.8% to 0.9053 francs , hitting its highest level since June 13. "The Swiss franc has understandably weakened after the surprise hold in the policy rate today," ING strategists said in a note. Meanwhile, Sweden's Riksbank and Norway's central bank both raised rates by 25 basis points, in line with expectations. Although you never know for sure with this central bank," said Matt Simpson, senior market analyst at City Index.

Persons: Dado Ruvic, Sterling, Goldman Sachs, Michael Cahill, Sweden's, Niels Christensen, Matt Simpson, Samuel Indyk, Brigid Riley, Kevin Buckland, Sam Holmes, Shri Navaratnam, Sharon Singleton Organizations: REUTERS, Swiss, British, U.S . Federal Reserve, Friday's Bank of Japan, Bank of England, Swiss National Bank, ING, Fed, Bank of Japan, New Zealand, NZ, Thomson Locations: Swiss, Sweden, Norway, Swedish, Norwegian

☆ Dollar higher as Fed skips rate hike but stiffens hawkish stance
▼ + stars: | 2023-09-20 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range, just a quarter of a percentage point above the current range. But from there, the Fed's updated quarterly projections show rates falling only half a percentage point in 2024 compared with the full percentage point of cuts anticipated at the meeting in June. Interest rate sensitive two-year Treasury yields hit 17-year highs on Wednesday after the Fed decision. "It looks as though the Fed is trying to send as hawkish a signal as it possibly can," said Gennadiny Goldberg, interest rate strategist at TD Securities. The yen was down 0.13% versus the greenback at 148.05 per dollar after the Fed decision.

Persons: Dado Ruvic, Karl Schamotta, Schamotta, Jerome Powell, Gennadiny Goldberg, Dominic Bunning, BoE, Masato Kanda, Janet Yellen, bitcoin, Saqib Iqbal Ahmed, Herbert, Joice Alves, Brigid Riley, Marguerita Choy, Jonathan Oatis Organizations: REUTERS, U.S, Federal Reserve, TD Securities, Bank of England, Reuters, FX Research, HSBC, Washington, Treasury, Thomson Locations: Toronto, Japan, U.S, New York, London, Tokyo

☆ Dollar edges down before Fed decision, sterling falls on cooling UK inflation
▼ + stars: | 2023-09-20 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

The U.S. dollar index , which measures the currency against a basket of rivals, was 0.1% lower at 105.00. The pound was volatile, last down 0.23% to $1.2364 after touching its lowest in almost four months following data showing UK inflation slowed more than expected in August. "This can drag GBP down, especially against the USD where pricing for rate cuts may already be overstretched". The yen flattened at 147.87 after touching a fresh 10-month weak-point against the dollar of 148.17 ahead of the Fed decision. The offshore yuan was unchanged at 7.3055 after China met market expectations by keeping its benchmark lending rates unchanged on Wednesday.

Persons: Dado Ruvic, BoE, Dominic Bunning, Bunning, Goldman Sachs, Powell, Elsa Lignos, Masato Kanda, Janet Yellen, Joice Alves, Brigid Riley, Gerry Doyle, Emelia Organizations: REUTERS, Federal Reserve, Bank of England, U.S, Reuters, FX Research, HSBC, FX, RBC Europe, Washington, Treasury, Bank of Japan's, Thomson Locations: Japan, U.S, China, London, Tokyo

☆ Dollar holds fast, yen in shaky territory ahead of FOMC
▼ + stars: | 2023-09-20 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

The U.S. dollar index , which measures the greenback against a basket of rivals, stayed mostly flat at 105.17 as traders awaited the Fed's rate decision. Attention stayed fixed on the yen as U.S. and Japanese authorities heaped on fresh comments about the possibility of intervention. The yen last sat around 147.83 versus the greenback, off Tuesday's low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement. Elsewhere in Asia, the offshore yuan was largely unchanged after China met market expectations by keeping its benchmark lending rates unchanged on Wednesday, but later ticked down 0.1% to 7.3103 per dollar. The Australian dollar , a proxy for China growth, fell nearly 0.1% in the Asian afternoon, while the New Zealand dollar was flat, down from Tuesday's two-week high against the dollar.

Persons: Dado Ruvic, Carol Kong, Masato Kanda, Janet Yellen, Brigid Riley, Gerry Doyle Organizations: REUTERS, Rights, Federal Reserve, U.S, Commonwealth Bank of Australia, Washington, Treasury, Bank of Japan's, New Zealand, Bank of England, bitcoin BTC, Thomson Locations: Japan, U.S, Asia, China, bitcoin

☆ Dollar firm but softens against yen ahead of FOMC
▼ + stars: | 2023-09-20 | by ( Brigid Riley | ) www.reuters.com time to read: +2 min

TOKYO, Sept 20 (Reuters) - The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day. The U.S. dollar index , which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed's rate decision. Dollar/yen could see some upside pressure after a hawkish FOMC meeting, she added. The yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday's low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement. The New Zealand dollar ticked up over 0.2% against the dollar near $0.5950.

Persons: Carol Kong, Masato Kanda, Brigid Riley, Gerry Doyle Organizations: Federal Reserve, U.S, Commonwealth Bank of Australia, Bank of Japan's, Reserve Bank, Australia's, New Zealand, Bank of England, bitcoin BTC, Thomson Locations: TOKYO, China, bitcoin

☆ Why a single mom is stuck paying her ex husband's student debt — and needs his permission to make any changes to her payments
▼ + stars: | 2023-09-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

Biden signed into law a bill allowing student-loan borrowers who combined balances with a spouse to separate their loans. They wouldn't owe payments, and if approved for administrative forbearance, their interest rates would be set to zero. Brigid, a 55-year-old borrower with spousal loans, told Insider she's experienced a similar dilemma. However, because of the strict nature of spousal loans, she would also have to meet the hardship requirements by, for example, also having cancer in order to receive the deferment. But she's been unable to receive administrative forbearance, and she's frustrated borrowers with spousal loans are blocked from opportunities federal borrowers are receiving.

Persons: Biden, Theresa, she's, Theresa —, —, Sen, Mark Warner, David Price, Joe Biden, Price, it's, That's, hasn't, servicer, Brigid, servicers, It's, they'll, Elizabeth Organizations: Service, Education Department, Federal Student Aid, Group, Family Education, forbearance Locations: Wall, Silicon, forbearance

☆ Dollar holds steady, yuan rises on better-than-expected China data
▼ + stars: | 2023-09-15 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

The U.S. dollar index last stood somewhat lower at 105.32, but still near Thursday's six-month peak of 105.43. The yuan and Australian and New Zealand dollars received a boost after a batch of economic data from China in the Asian morning came in better-than-expected for some key indicators, providing a rare lift in sentiment. The offshore yuan inched up against the dollar to 7.2918 following the release. The Australian dollar , a proxy for China growth, rose nearly 0.3% to $0.6443, while the New Zealand dollar was up 0.2% at $0.5912. The yen stuck near 147.41 per dollar in the Asian morning.

Persons: Dado Ruvic, Rodrigo Catril, Sterling, Simon Harvey, Brigid Riley, Indradip Ghosh, Lincoln, Navaratnam Organizations: REUTERS, Rights, Central, U.S, greenback, New Zealand, People's Bank of China's, National Bank of Australia, Australian, Mizuho Bank, Thomson Locations: Asia, China, Thursday's, Europe

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