News
FXA
64.57
-0.24%
-0.15
Waller Pushes On Open Door: Push For Patience Lifts The Dollar, Complicating Japanese Efforts
Comments by Fed Governor Waller, urging patience on rates has helped the greenback extend its recent gains. Poor German data has weighed on the euro, taking the single currency to new lows for the month. Japanese officials are signaling their willingness to intervene in the foreign exchange market to strengthen the yen. The 10-year US Treasury yield is up three basis points.
Seeking Alpha · 1d ago
Japan Index Falls While Asia And Europe Markets Rises, And Gold Exceeds $2,220 - Global Markets Today While US Slept
Benzinga · 1d ago
Heightened Threat Of Japanese Intervention Pushes Greenback Away From JPY152
The dollar neared JPY152, setting a new 34-year high. Most of the G10 currencies are softer against the dollar but the yen. Chinese equities got thumped today, with the CSI 300 off nearly 1.2%. Gold is firm, recording a higher low for the third consecutive session as remains near $2200.
Seeking Alpha · 2d ago
Asia And Europe Markets Mixed, Crude Oil Stays Above $80 With Gold Above $2,200 - Global Markets Today While US Slept
U.S. Stock markets closed in the red on Tuesday, March 26th, marking the third straight day of losses for the Dow and S&P 500. Japan's Nikkei 225 index closed higher, but China's stocks fell to a one-month low. Economic data showed a rebound in February durable goods orders.
Benzinga · 2d ago
Australia's Monthly CPI inflation softer-than-expected to 3.4% in the year to February 2024
Australia's Monthly CPI inflation softer-than-expected to 3.4% in the year to February 2024. Latest data was the lowest since November 2021. Inflation remains outside the RBA's target range of 2-3%. S&P/ASX 200 Index rose 0.51% to close at 7,820.
Seeking Alpha · 2d ago
Dollar's Recent Gains Pared But Firm Undertone Remains Intact
The dollar consolidated yesterday and is continuing to do so today at slightly lower levels. The PBOC lowered the dollar's fix slightly, and officials are struggling to reestablish order. Against the offshore yuan, the dollar remains outside of its 2% onshore band. Asia-Pacific equities rallied, led by the Hang Seng and mainland shares. Europe's STOXX 600 is treading water after eking out a minor gain.
Seeking Alpha · 2d ago
Asia Markets Mixed, Europe Up, While Gold Hits Record High Again - Global Markets Today While US Slept
All three major U.S. Stock markets ended the day in negative territory on Monday. The Dow Jones Industrial Average saw the largest percentage drop of the three major indexes. Japan's Nikkei 225 index closed the day higher. In Asian markets today, Asian markets are higher.
Benzinga · 3d ago
CNY: Second-Guessing The PBOC Proves A Challenge
Friday's move in USD/CNY raised speculation that the PBOC was preparing to allow a new period of weakness for the renminbi. USD/ CNH dropped sharply from around 7.28 before the fixing to just below 7.24 - but is starting to creep higher again. We believe that though short-term factors favour a weaker RMB, any depreciation will be gradual and controlled.
Seeking Alpha · 3d ago
Greenback Consolidates Last Week's Surge
The dollar is consolidating after surging at the end of last week. Except for the Swiss franc and Swedish krona, the G10 currencies are showing a slightly firmer tone. The large bourses in Asia-Pacific fell, with the Nikkei losing almost 1.2%. The 10-year US Treasury yield slipped for the past four days.
Seeking Alpha · 3d ago
Asia And Europe Markets Dip While Crude Oil Stays Above $81 - Global Markets Today While US Slept
U.S. Stock markets closed mixed on Friday, March 22nd. The S&P 500 recorded its biggest weekly rise of 2024. Japan's Nikkei 225 index closed the day lower by 1.10%. The Dow Jones Industrial Average declined 0.77% and the Nasdaq Composite rose 0.16%.
Benzinga · 4d ago
Weekly Report: what happened at FXA last week (0318-0322)?
Weekly Report · 4d ago
Week Ahead: Enthusiasm For The Dollar Rekindled
The Bank of Japan lifted its interest rate target for the first time in 17 years. The Swiss National Bank became the first G10 central bank to cut rates. The central bank of Mexico delivered its first rate cut. The dollar initially sold off hard but recovered to trade at new highs for the week.
Seeking Alpha · 5d ago
CNY7.20 Gives Way As Strong Greenback Proves Too Much
The dollar's post-FOMC sell-off has been reversed and the greenback has reached new highs for the week against most of the G10 currencies. The US dollar has risen above CNY7.20 for the first time since last November. Chinese and Hong Kong equities were hit hard today and the Hang Seng fell nearly 2.2%. The yen is steady and is the best performer in Asia.
Seeking Alpha · 03/22 11:10
Asia And Europe Markets Mixed, Crude Oil Above $80, Gold Trades Near Highs - Global Markets Today While US Slept
U.S. Stock markets closed higher for a second day on Thursday. The Dow Jones Industrial Average gained 0.68% and the S&P 500 was up 0.32%. Japan's Nikkei 225 index closed the session higher by 0.15%. Asian markets are expected to open higher in Asia today.
Benzinga · 03/22 10:50
Market Hears A Dovish Fed And Sells The Greenback
Federal Reserve triggered a dollar sell-off yesterday and follow-through selling was seen in Asia. The G10 currencies are mixed ahead of the North American open. Outside of China, the large equity markets in Asia Pacific rallied with the Nikkei, South Korea, and Taiwan advancing. Gold reached a new record high today.
Seeking Alpha · 03/21 11:30
Asia and Europe Markets Gain, Gold Surges To Record High Crossing $2,200 - Global Markets Today While US Slept
U.S. Stock markets closed with gains on Wednesday. The Federal Reserve maintained interest rates at 5.25-5.5% for March. The Fed suggested the possibility of up to three interest rate reductions this year. U.S crude oil stocks unexpectedly fell by 1.952 million barrels last week.
Benzinga · 03/21 10:54
Australia's March services PMI rises to 53.5, manufacturing PMI eases to 46.8
Australia's March services PMI rises to 53.5, manufacturing PMI eases to 46.8. Australian employment jumped 116,500 in February. The unemployment rate fell to a five-month low of 3.7%. The S&P/ASX 200 Index jumped 1.12% to close at 7,782 on Thursday.
Seeking Alpha · 03/21 06:44
What A Shift In Fed Dots Would Mean For G10 FX
In advance of tonight's FOMC meeting and new economic projections, ING looks at what a shift in the Fed's Dot Plots would mean for G10 FX. Correlations between expectations for the Fed easing this year and G10FX are strongest for USD/JPY. The dollar would likely rally on a shift to 50bp of easing for this year.
Seeking Alpha · 03/20 14:12
Asia Markets Up, Europe Mixed, Crude Oil Hovers Near $82 - Global Markets Today While US Slept
U.S. Markets ended the day higher on Tuesday, March 19th. The Dow Jones Industrial Average rose 0.83% and the S&P 500 was up 0.58%. Housing starts jumped 10.7% in February. Japan markets closed for Vernal Equinox Day.
Benzinga · 03/20 11:35
Dollar Extends Gains Against The Yen But Broadly Firmer Ahead Of The FOMC
Dollar Extends Gains Against The Yen But Broadly Firmer Ahead Of The FOMC Meeting. The dollar is broadly higher but is holding below yesterday's best levels against the other G10 currencies. South Korea's Kospi leads the markets in Asia Pacific. The US dollar remains bid ahead of the outcome of today's FomC meeting. Gold consolidates in a narrow range of $2157.
Seeking Alpha · 03/20 10:55
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