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UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 07:50 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 06:10 -
British mid-caps jump over signs of economic growth; Babcock surges
Published at 13/04/2021 at 17:35 -
European shares pause near record highs
Published at 13/04/2021 at 17:02 -
FTSE 100 falls as stronger pound, oil stocks weigh
Published at 13/04/2021 at 08:29 -
European shares pause near record high with eyes on U.S. inflation data
Published at 13/04/2021 at 08:07 -
UK Stocks-Factors to watch on April 13
Published at 13/04/2021 at 07:49 -
UK Stocks-Factors to watch on April 13
Published at 13/04/2021 at 06:06 -
FTSE 100 ends lower as miners track lower metal prices; C4X Discovery shines
Published at 12/04/2021 at 17:08 -
European stocks slip from record highs as focus shifts to earnings
Published at 12/04/2021 at 17:08
Forex News
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FOREX-Dollar slips to three-week low as inflation fears seen baked in for now
Published at 14/04/2021 at 04:33 -
FOREX-Dollar at three-week low on tamped down fears over inflation
Published at 14/04/2021 at 02:24 -
FOREX-Dollar drops to three-week lows after inflation data
Published at 13/04/2021 at 20:48 -
FOREX-Dollar drops to three-week lows after inflation data
Published at 13/04/2021 at 15:02 -
FOREX-Dollar edges up before U.S. inflation data
Published at 13/04/2021 at 12:28 -
REFILE-FOREX-Dollar edges up as markets wait for U.S. inflation data
Published at 13/04/2021 at 11:08 -
FOREX-Dollar rises from near three-week low as traders brace for inflation data
Published at 13/04/2021 at 06:06 -
FOREX-Dollar languishes near three-week lows as traders brace for inflation data
Published at 13/04/2021 at 02:16 -
FOREX-Dollar dips before consumer price inflation data
Published at 12/04/2021 at 20:42 -
FOREX-Dollar dips before inflation data, Treasury supply
Published at 12/04/2021 at 15:23
Market News
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UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 07:50 -
Japanese shares end lower as virus resurgence hits risk appetite
Published at 14/04/2021 at 07:43 -
Oil maintains upward momentum but virus concerns cap gains
Published at 14/04/2021 at 07:34 -
PRECIOUS-Gold gives up early gains as firm bond yields offset weak dollar
Published at 14/04/2021 at 07:03 -
GLOBAL MARKETS-World stocks hit record high as bond yields ease
Published at 14/04/2021 at 06:55 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 06:10 -
GLOBAL MARKETS-World stocks hit record high as bond yields ease with inflation fears
Published at 14/04/2021 at 03:58 -
Japanese shares edge down as rising COVID-19 cases cast doubt on economic rebound
Published at 14/04/2021 at 03:39 -
PRECIOUS-Gold edges higher as dollar dwindles after U.S. inflation data
Published at 14/04/2021 at 02:47 -
Oil rises on drawdown in U.S. oil stocks, OPEC demand outlook
Published at 14/04/2021 at 02:25
FOREX-Dollar on the front foot as focus shifts to Powell
Published at
04/03/2021 at 00:46
* Graphic: World FX rates
* Treasury market regains calm, yields support dollar
* Safe-harbour yen and Swiss franc fall against greenback
* Powell comments could set the tone for global markets
By Stanley White
TOKYO, March 4 (Reuters) - The dollar hit a seven-month high against the yen on Thursday as an orderly rise in U.S. Treasury yields lent support ahead of a speech by Federal Reserve Chairman Jerome Powell that may determine the trend for global bond markets and currencies.
The dollar also traded near a three-month high against the Swiss franc and held on to gains against most currencies as a renewed sense of calm in the Treasury market supported sentiment.
Powell's comments will be closely watched to see if he expresses concern about a recent volatile selloff in Treasuries and if there is any change in his assessment of the economy before the Fed's next meeting ending March 17.
The dollar may continue to rise against the yen as long as Treasury yields rise at a measured pace, but the greenback is likely to fall against currencies of major commodities exporters as more signs point to a rebound in the global economy.
"The performance of the dollar will vary depending on the currency," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.
"Dollar/yen looks well bid because of yields and because Japan's economy is underperforming relative to the United States, but as long as commodity prices rise, the dollar will weaken against commodity currencies."
The dollar rose to 107.09 yen , the highest since July last year.
The U.S. currency bought 0.9195 Swiss franc, close to the highest since November.
The British pound eased slightly to $1.3937,
The euro traded at $1.2059, nursing a 0.24% loss from the previous session.
The benchmark 10-year Treasury yield edged up to 1.4894% in Asian trading.
A chaotic selloff in Treasuries from the start of the year on concerns that massive government spending to support the global economy may drive up inflation culminated in 10-year yields rising to a one-year high of 1.6140% last week.
The move was so rapid that global stock markets fell and the dollar swooned against most currencies, but the greenback has since regained its composure as disorderly selling of Treasuries seems to have run its course, for now at least.
The dollar index against a basket of six major currencies stood at 91.026, holding onto a 0.32% gain from Wednesday.
The Australian dollar , which is often traded as a proxy for global growth because it is closely tied to commodities, edged lower for a second trading day to $0.7767.
The New Zealand dollar , another closely watched commodity currency, also fell slightly.
However, traders said the decline in the Aussie and the kiwi is likely only a temporary pullback because both economies are rebounding strongly from the coronavirus pandemic and they will both benefit from an acceleration in global trade.
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Currency bid prices at 0024 GMT
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar $1.2059 $1.2062 -0.03% -1.31% +1.2065 +1.2044
Dollar/Yen 107.0200 106.9600 +0.05% +3.60% +107.0900 +107.0100
Euro/Yen 129.06 129.08 -0.02% +1.69% +129.1300 +128.9900
Dollar/Swiss 0.9195 0.9200 -0.01% +3.98% +0.9200 +0.9197
Sterling/Dollar 1.3937 1.3950 -0.11% +1.99% +1.3952 +1.3920
Dollar/Canadian 1.2658 1.2656 +0.03% -0.58% +1.2674 +1.2654
Aussie/Dollar 0.7767 0.7775 -0.09% +0.98% +0.7778 +0.7753
NZ 0.7244 0.7246 -0.04% +0.86% +0.7250 +0.7227
Dollar/Dollar
All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Stanley White; editing by Richard Pullin)
((stanley.white@tr.com; +81 (0)3 4563 2799; twitter.com/stanleywhite1 ;))