If BOJ let Yen depreciation more, intervention may less affective
US dollar at 10-month top as US yields spike; yen slides
The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone. A combination of resilient economic data, hawkish Federal Reserve rhetoric and a budget deficit to be financed by borrowing has the 10-year Treasury yield up more than 45 basis points in September to top 4.5% for the first time since 2007. Rates markets are priced for an almost 40% risk of another Fed hike this year, against slimmer chances for another rise in Europe, and the difference has helped prop up a dollar many ... (full story)
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In EIUís latest Global Outlook video, head of forecasting and economics, Tom Rafferty, and analyst, Chim Lee, discuss capital flows in and out of China.
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The mainland unit of China Evergrande Group said it missed principal and interest payments totaling several billion yuan, adding further uncertainty to the fate of the giant ...
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tweet: *SUZUKI: WON'T RULE OUT ANY OPTIONS AGAINST EXCESSIVE FX MOVES *SUZUKI: WILL TAKE APPROPRIATE ACTION AGAINST RAPID FX MOVES
The yen stays near its weakest level since October after falling Monday. Bank of Japan Governor Kazuo Ueda and his deputy doubled down on the central bankís message that stimulus ...
The publication of major US economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should ...