FOREX-Dollar near 1-year high as Fed tightening in focus, Aussie climbs - Reuters

    * Yen set for worst month since March
    * Yuan poised for monthly drop
    * China markets shut from Friday for a week

    By Anushka Trivedi and Kevin Buckland
    TOKYO, Sept 30 (Reuters) - The greenback hovered near a
one-year high versus major peers on Thursday as expectations
mounted that the Federal Reserve will taper stimulus from
November, while the commodity-linked Aussie dollar benefited
from a bounce in iron ore prices.
    The safe-haven dollar has made sharp gains over the last two
sessions on concern the Fed could withdraw economic support as
global growth slows and high inflation is high. Spiking bond
yields added to the currency's firmness.
    Its rise is despite an impasse in Washington over the U.S.
debt ceiling that threatens to plunge the government into a
shutdown.
    The dollar index - which measures the currency
against a basket of six rivals - stood at 94.327, little changed
from Wednesday, when it hit 94.435 for the first time since late
September last year.
    Yields on the benchmark 10-year Treasury note
stood at 1.5341%, holding near a mid-June high reached Tuesday
at 1.5670%. 
    "A combination of higher U.S. yields, impending Fed tapering
and skittish markets around the debt ceiling have fuelled this
move (in the dollar)," Westpac analysts wrote in a client note.
    The issue of whether to raise or suspend the debt ceiling
would probably extend to mid-October, beyond which, the dollar
will likely be supported by money markets pricing in rate hikes,
they added.
    The dollar bought 111.97 yen, little changed from
Wednesday, when it reached 112.05 for the first time since
February 2020. It was on track for its worst monthly performance
since March.
    The euro was mostly flat at $1.15995, holding near
Wednesday's 14-month low of $1.15895
    Speaking at a European Central Bank forum on Wednesday, Fed
Chair Jerome Powell, ECB President Christine Lagarde and Bank of
England Governor Andrew Bailey said they were monitoring
inflation after a surge in energy prices and production
bottlenecks.
    The risk-sensitive Australian dollar firmed 0.5% to
$0.7206, after plummeting 0.9% overnight, as iron ore prices
rallied ahead of the Golden Week holiday in Australia's top
trading destination China.    
    A rebound in monthly Chinese services data also "looks to
have gone some way to allaying fears that the evident slowdown
in China growth of late is accelerating to the downside,"
buoying the Aussie, said Ray Attrill, NAB's head of FX strategy.
    Sterling edged up 0.1% to $1.34357 but remained
near the nine-month low of $1.3412 reached overnight on concerns
about soaring natural gas prices and almost a week of petrol
shortages in Britain.
    A slight improvement in overall risk sentiment after days of
gloom was seen in the cryptocurrency markets, as bitcoin
 rose 5% to $43,567 and ether bounced 6.4%
to $3,034.09.
    Both coins are down between 20%-27% from their September
peaks.
    
========================================================
    Currency bid prices at 0609 GMT
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct     High Bid    Low Bid
                                              Previous                   Change                 
                                              Session                                           
 Euro/Dollar                  !RIC           !RIC        !RIC           !RIC        !RIC        !RIC
                              {EUR=EBS} is   {EUR=EBS}   {EUR=EBS} is   {EUR=EBS}   {EUR=EBS}   {EUR=EBS}
                              invalid        is invalid  invalid%       is          is invalid  is invalid
                                                                        invalid%                
 Dollar/Yen                   111.9000       111.9700    -0.04%         +8.36%      +111.9720   +111.8400
 Euro/Yen         <EURJPY=EB  129.80         129.82      -0.02%         +2.27%      +129.9300   +129.6900
                  S>                                                                            
 Dollar/Swiss                 !RIC           !RIC        !RIC           !RIC        !RIC        !RIC
                              {CHF=EBS} is   {CHF=EBS}   {CHF=EBS} is   {CHF=EBS}   {CHF=EBS}   {CHF=EBS}
                              invalid        is invalid  invalid%       is          is invalid  is invalid
                                                                        invalid%                
 Sterling/Dollar              1.3441         1.3427      +0.10%         -1.62%      +1.3458     +1.3426
 Dollar/Canadian              1.2732         1.2753      -0.14%         +0.01%      +1.2762     +1.2727
 Aussie/Dollar                0.7203         0.7174      +0.42%         -6.35%      +0.7208     +0.7176
 NZ                           0.6876         0.6866      +0.09%         -4.30%      +0.6886     +0.6866
 Dollar/Dollar All spots
Tokyo spots
Europe spots 
Volatilities 
Tokyo Forex market info from BOJ 

    
 (Reporting by Kevin Buckland; Editing by Sam Holmes and Barbara
Lewis)
  

Adblock test (Why?)

https://www.reuters.com/article/global-forex/forex-dollar-near-1-year-high-as-fed-tightening-in-focus-aussie-climbs-idUSL4N2QW1OJ

2021-09-30 06:52:00Z
CBMigQFodHRwczovL3d3dy5yZXV0ZXJzLmNvbS9hcnRpY2xlL2dsb2JhbC1mb3JleC9mb3JleC1kb2xsYXItbmVhci0xLXllYXItaGlnaC1hcy1mZWQtdGlnaHRlbmluZy1pbi1mb2N1cy1hdXNzaWUtY2xpbWJzLWlkVVNMNE4yUVcxT0rSATRodHRwczovL21vYmlsZS5yZXV0ZXJzLmNvbS9hcnRpY2xlL2FtcC9pZFVTTDROMlFXMU9K

Bagikan Berita Ini