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TOM WESTBROOK SINGAPORE
US yields boost dollar and leave yen dazed at 38-year lowThe dollar was supported by rising U.S. yields on Tuesday, with the pressure being felt by low-yielding currencies such as China's yuan and...- Yen lags while dollar waits on US CPIThe dollar has steadied in early 2024 after sliding through the latter months of 2023 as the Federal Reserve indicated it was finished with...
- How China talked markets out of a run on the yuanThis year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by sig...
- Bitcoin rises above $42,000 for first time since April 2022The world's biggest cryptocurrency rose as high as $42,162 on Monday, its highest since April 2022, seemingly casting off the funk that had...
- Asian stocks snap winning streak, await RBAThe U.S. Federal Reserve left interest rates on hold last week and a benign jobs report on Friday reinforced wagers that there may not be a...
- Japan stocks snap 8-day winning streak on rates, China worriesThe Nikkei index closed 0.75% lower at 32,991.08, after hitting a high of 33,322.45 in morning trade. The broader Topix scaled a 33-year hi...
- Soft data drags back dollar ahead of Jackson HoleThe New Zealand dollar also leapt overnight, as did the yen, which crossed below 145 to the dollar for the first time in more than a week t...
- Dollar retreats from 2-month high, yuan turns higherFed chair Jerome Powell is set to speak on Friday, and his comments may set the direction for U.S. Treasury yields, which have driven the r...
- Euro to the fore as hawkish hike loomsThe euro rose above $1.10 overnight and was still going at $1.1062 early in the Asia session. Trade was thinned by holidays in Australia an...
- A suitor for SVB soothes broader markets, but default stress stalks banksFirst Citizens BancShares Inc was in advanced talks to acquire SVB from the Federal Deposit Insurance Corp/ North Carolina-based First Citi...
- Global bank bonds claw back losses as markets rout easesFollowing a sharp fall on Monday, European bank bonds rose once again, including Additional Tier 1 (AT1) bonds issued by companies such as ...
- Stocks stall as firm Fed reins in China rallyNews that China's mainland border with Hong Kong will be reopened after three years had sent Asian-Pacific shares outside Japan to a four-m...
- Nikkei ends marginally higher as China COVID, global rate worries weigh"Financial markets are trying to find the balance between the room for further rate hikes versus the extent to which the U.S. and global ec...
- Cryptos attempt to steady as Binance-FTX deal chills marketMarket participants were then stunned when Binance signed a nonbinding agreement on Tuesday to buy FTX's non-U.S. unit to help cover what i...
- 5 world market themes for the week aheadHere's your look at the week ahead from Tom Westbrook in Singapore, Ira Iosebashvili in New York and Sujata Rao and Tommy Wilkes in London.
- Bitcoin jumps after apparent Janet Yellen statement quells US clampdown fearsIn a statement that briefly appeared on the Treasury website before it was taken down, Treasury Secretary Janet Yellen said a still-pending...
- Global investors keep powder dry as U.S. election gets tightPresident Donald Trump holds a narrow lead in the battleground state of Florida, keeping open a path to the White House, which has upended ...
- Global markets drop as virus recovery begins to look distant"The path ahead is both highly uncertain and subject to significant downside risks," Powell said in a webcast speech.
- Commodity currencies creep back, but Sino-US tensions temper moodThe Australian and New Zealand dollars inched ahead, after recouping Monday's falls - putting the Aussie back over 64 cents at $0.6445 and ...
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