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☆ Dollar rises, yuan slumps as China's COVID unrest spooks markets
▼ + stars: | 2022-11-28 | by ( Rae Wee | Ashitha Shivaprasad | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Chinese yuan and U.S. dollar are seen in this illustration picture taken September 29, 2022. The offshore yuan fell to an over two-week low in Asian trading, and was last roughly 0.4% lower at 7.2242 per dollar. The Australian dollar , often used as a liquid proxy for the yuan, slid more than 1% to $0.6681. China's stringent COVID restrictions have taken a heavy toll on its economy, and authorities have implemented various measures to revive growth. Against a basket of currencies, the U.S. dollar index rose 0.07% to 106.41, edging away from its recent three-month low of 105.30.

☆ Dollar gains, yuan slides as China's COVID unrest spooks markets
▼ + stars: | 2022-11-28 | by ( Rae Wee | Ashitha Shivaprasad | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Chinese yuan and U.S. dollar are seen in this illustration picture taken September 29, 2022. REUTERS/Florence Lo/Illustration/File PhotoSINGAPORE, Nov 28 (Reuters) - The dollar climbed on Monday as protests against COVID restrictions in China rattled financial markets, sending the yuan sliding and pushing nervous investors toward the safe-haven greenback. The offshore yuan fell to an over two-week low in Asian trading, and was last roughly 0.6% lower at 7.24 per dollar. The Australian dollar , often used as a liquid proxy for the yuan, slid more than 1% to $0.6687. The stringent COVID restrictions have taken a heavy toll on China's economy, and authorities have implemented various measures to revive growth.

☆ Dollar gains, yuan slides as China's Covid unrest spooks markets
▼ + stars: | 2022-11-28 | by ( ) www.cnbc.com time to read: +3 min

The dollar climbed on Monday as protests against Covid restrictions in China rattled financial markets, sending the yuan sliding and pushing nervous investors toward the safe-haven greenback. Worries over the unprecedented wave of civil disobedience in a country where in-person protests are rare, the rising Covid cases, as well as how Beijing will react to the situation kept investors on edge. The offshore yuan fell to an over two-week low in Asian trading, and was last roughly 0.6% lower at 7.24 per dollar. The Australian dollar , often used as a liquid proxy for the yuan, slid more than 1% to $0.6687. The stringent Covid restrictions have taken a heavy toll on China's economy, and authorities have implemented various measures to revive growth.

However, Biden said the weapon was probably not fired by Russia, although the investigation was ongoing. According to U.S. officials, initial findings suggested that the missile that hit Poland had been fired by Ukrainian forces at an incoming Russian missile, the Associated Press said. "Right now, it's a bit of a tussle in the market as to how to price this risk," he added. Risk-sensitive Antipodean currencies recovered from earlier declines with Australian dollar last up 0.19% at $0.67685, while the kiwi was flat at $0.6158. "The currency market is stabilising, toying with the notion that this ... doesn't necessarily imply an escalation in the war, with NATO needing to get involved," said Rodrigo Catril, a senior currency strategist at National Australia Bank.

TOKYO, Nov 16 (Reuters) - The safe-haven U.S. dollar firmed in volatile trading on Wednesday as markets took stock of geopolitical risks following news of a Russian-made rocket striking NATO-member Poland. Russia denied it was responsible for the explosion but the report sparked turbulent trading overnight as fears of the war in Ukraine spilling over to its neighbors rattled investors. "The market is trying to size up the risk and what that really means," said Moh Siong Sim, currency strategist at Bank of Singapore. "Right now, it's a bit of a tussle in the market as to how to price this risk," he added. Risk-sensitive Antipodean currencies slipped, with Australian dollar down 0.09% versus the greenback at $0.675, while the kiwi fell 0.23% to $0.614.

☆ 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.

☆ 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.

☆ Dollar catches breath while investors await midterms; cryptos skittish
▼ + stars: | 2022-11-09 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The greenback has been under downward pressure from bets on the Federal Reserve easing back on interest rate rises and on China reopening and driving growth. It touched multi-week lows against the euro, Australian dollar and New Zealand dollar overnight, then edged off those levels during the Asia session. Some analysts view likely Congressional gridlock as a slight negative for the dollar if it limits fiscal spending. MORE TO DOLooming on Thursday is U.S. inflation data. The New Zealand dollar wobbled 0.3% lower to $0.5942.

☆ Dollar wobbles while investors await midterms; cryptos skittish
▼ + stars: | 2022-11-09 | by ( Tom Westbrook | Anant Chandak | ) www.reuters.com time to read: +2 min

It touched multi-week lows against the euro, Australian dollar and New Zealand dollar overnight, then edged off those levels early in the Asia session. "We all know the dollar will probably turn at some point - when is the big question," said Bank of Singapore currency analyst Moh Siong Sim. Investors expect Republican gains, and some analysts view likely Congressional gridlock as a slight negative for the dollar if it limits fiscal spending. On Thursday, U.S. inflation data is on the horizon. The New Zealand dollar wobbled 0.1% lower to $0.5951.

☆ Morning Bid: It's still the economy, stupid
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Anshuman DagaJust two months ago, Liz Truss said her government's defining mission would be to revive the economy. That job has become even more tougher for whoever is chosen as the next British PM after Truss was ousted following six chaotic weeks marred by policy shocks. Asian stocks weakened further as the rally in U.S. Treasury yields strengthened on reinforced expectations that persistent labor tightness in the world's biggest economy would force the Fed to keep raising interest rates aggressively, possibly throwing the economy into recession. Two-year Treasury yield hit a 15-year high of 4.623%, while the 10-year also rose to multi-year highs of 4.243%. Meanwhile, European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices.

Kanda, vice finance minister for international affairs, said he will not comment on whether Japan was intervening now or have stepped into the currency market earlier on Thursday. Japanese Finance Minister Shunichi Suzuki also told reporters after the yen's latest slide that he will "take decisive action" against excessive, sharp yen moves. "We cannot tolerate excessive, rapid currency market moves driven by speculative action," Suzuki said. The yen's break of 150 against the dollar took it to its weakest level since August 1990. The BOJ, for its part, ramped up efforts to defend its 0% bond yield cap earlier on Thursday with offers of emergency bond buying.

The break above the key milestone heightens pressure for Tokyo to step into the currency market again to rein in the yen's relentless decline, which is adding to the country's already swelling import bill. "We cannot tolerate excessive, rapid currency market moves driven by speculative action," Suzuki said. The BOJ, for its part, ramped up efforts to defend its 0% bond yield cap earlier on Thursday with offers of emergency bond buying. The Ministry of Finance's dollar-selling, yen-buying intervention last month was the first time authorities had acted in the markets to prop up the yen since 1998. The yen's tumble below 150 against the dollar on Thursday took it to its weakest level since August 1990, keeping investors on high alert to the possibility of another Japanese intervention in the currency market.

SINGAPORE/LONDON, Oct 20 (Reuters) - The dollar hit the symbolic level of 150 yen on Thursday as the greenback was supported by Treasury yields trading at multi-year highs, keeping markets on high alert for any signs of an intervention from Japanese authorities. Moves among other majors were more muted with the euro at $0.97835 and sterling at $1.1217, both failing to regain ground on the dollar, after tumbling the day before. The fragile yen briefly weakened past 150 per dollar in early European trading for the first time since August 1990. The Japanese currency has been weakening as the country's central bank has been intervening in markets to keep Japanese benchmark yields pinned near zero, at a time when those elsewhere are rising. The benchmark U.S. 10-year Treasury yield rose to 4.18% on Thursday, its highest level since mid-2008, while the two-year Treasury yields touched a 15-year high of 4.6079%.

☆ Singapore dollar remains a 'prince,' says Bank of Singapore
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore dollar remains a 'prince,' says Bank of SingaporeSim Moh Siong of the private bank says the Singapore dollar has appreciated against every currency in the basket except the U.S. dollar.

☆ Dollar gains as geopolitical worries, rate hike fear rattle market
▼ + stars: | 2022-10-11 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

"This renewed wall of worries is likely to keep the dollar supported," he said, but cautioned that there could be a bit of a relief rally in risky assets. U.S. dollar index was up 0.239% at 113.34, inching toward the 20-year high of 114.78 it touched late last month. Fear of intervention has held the yen firm in recent weeks, but as it drifts back to multi-decade lows analysts aren't convinced it can hold the line. The risk-sensitive Australian dollar made a 2-1/2 year low of $0.6275 on Monday and hovered at $0.6267 on Tuesday. Yields on the 30-year bond leapt as much as 11 basis points to the highest in almost nine years at 3.956%.

☆ There is 'some serious value' in long-dated U.S. treasury yields, says Bank of Singapore
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is 'some serious value' in long-dated U.S. treasury yields, says Bank of SingaporeEli Lee of the bank says it is an opportune time to start adding exposure gradually.

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