Currencies Foreign Exchange

More

  • Kyle Bass

    China's banks face a credit crisis with potential losses 400 percent larger than U.S. banks' losses during the subprime crisis, Kyle Bass said.

  • *Japan& China shut for public holidays. SINGAPORE/ SYDNEY, Feb 11- The dollar hit a 15- month low against the yen on Thursday after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that the next rate hike will be a long time coming. "The idea that you will be okay if you buy the dollar since the United States alone will be...

  • *Hong Kong shares lead Asia equity markets lower. "In some ways it is reminiscent of 2008 with tightening credit markets, bank shares under pressure and worries central banks are powerless," said Shane Oliver, head of investment strategy at AMP Capital, though he suspects markets are being overly pessimistic this time. The flight from risk told on Asian shares, with...

  • SINGAPORE, Feb 11- The dollar hit a fresh 15- month low versus the yen on Thursday after comments from Federal Reserve Chair Janet Yellen the previous day gave investors no reason to change their minds that the next rate hike will be a long time coming. The dollar fell to as low as 112.66 yen as of 0058 GMT, its lowest level since November 2014. The greenback was last...

  • *Japan& China shut for public holidays. SYDNEY, Feb 11- The dollar was broadly lower early on Thursday after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that the next rate hike will be a long time coming. As a result, the dollar came within a whisker of 113.00 yen, reaching a low not see since November 2014.

  • The dollar fell to a 15-month low against the yen on Wednesday as investors packed into the safe-haven Japanese yen.

  • NEW YORK, Feb 10- The dollar fell to a 15- month low against the yen on Wednesday as investors packed into the safe-haven Japanese currency, backing away from earlier optimism that the Federal Reserve would continue to raise interest rates. Investors perceived dovishness on the part of Federal Reserve Chair Janet Yellen, who testified before the House...

  • *Dollar rises after Yellen comments indicate rate hike still possible. NEW YORK, Feb 10- The dollar rose on Wednesday, climbing from nearly four-month lows against a basket of major currencies, after prepared remarks from Federal Reserve Chair Janet Yellen suggested that the U.S. central bank had not taken a March interest rate increase off the table.

  • LONDON, Feb 10- The dollar struggled to climb off 3-1/ 2- month lows on Wednesday as worries over a global economic slowdown weighed and traders waited for more tips on the likely course of U.S. interest rates from Federal Reserve Chair Janet Yellen. Despite a shock move from the Bank of Japan to adopt negative interest rates two weeks ago, the yen hit a 15- month high...

  • NEW YORK, Feb 10- Guggenheim Partners is launching a new fixed-income exchange-traded fund on Wednesday, bringing its approach to risk management to a roiling corporate bond market. "The world of fixed-income today is becoming a risk-off market," said Anne Walsh, one of the funds' other portfolio managers, who said China's currency could devalue further and oil...

  • FOREX-Dollar struggles as Yellen eyed for direction Wednesday, 10 Feb 2016 | 4:00 AM ET

    LONDON, Feb 10- The dollar languished close to a 3-1/ 2- month low against a basket of major currencies on Wednesday, as traders waited for U.S. interest rate guidance from Federal Reserve Chair Janet Yellen. Worries over sliding commodity prices, a slowing China and the health of European banks have also dampened dollar demand in favour of safe-haven assets such...

  • *Japan's Nikkei extends steep losses, hits 16- mth low. TOKYO, Feb 10- Asian stocks fell on Wednesday on growing concerns about the health of the world's banks, particularly in Europe, pushing investors into safer assets such as the yen, which stood near a 15- month high versus the dollar. Spreadbetters expected the pessimism to carry over into Europe, forecasting a...

  • WASHINGTON, Feb 9-- China's central bank likely spent about $90 billion worth of reserves in currency interventions in January, leading to net capital outflows of about $113 billion from China during the month, the Institute for International Finance said on Tuesday. The IIF, incorporating recently released partial State Administration of Foreign Exchange...

  • TOKYO, Feb 10- Asian stocks dipped early on Wednesday amid growing concerns about the health of the global banking sector, particularly in Europe, while the safe-haven yen stood near a 15- month high versus the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. Japan's Nikkei, which sank more than 5 percent Tuesday, extended...

  • TOKYO, Feb 10- The dollar nursed losses around 3-1/ 2- month lows on Wednesday, pressured by the specter of a global economic slowdown as European banks struggled to fend off growing doubts over their health and as oil prices slipped back. Many traders suspect those troubles will prevent the Federal Reserve from raising interest rates in the near future and look...

  • TOKYO, Feb 10- Asian stocks dipped early on Wednesday amid smouldering banking sector concerns, particularly banks in Europe, while the safe-haven yen stood atop large gains made overnight. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent. The decline was limited after Wall Street shares cut most of their losses overnight and...

  • TOKYO, Feb 10- Japanese retail traders have turned bullish on the yen for the first time in 2-1/ 2 years, a telling sign they are losing confidence over government efforts to cheapen the currency. "Japanese individual investors don't look like they will be bullish on the dollar and bearish on the yen any time soon, as far as recent market moves go," said Takuya Kanda,...

  • Dollar lower, investors flee to yen & Swiss franc Tuesday, 9 Feb 2016 | 4:31 PM ET

    The dollar tumbled to a four-month low on Tuesday as growing fears of a global slowdown pushed investors to safe-haven currencies.

  • MEXICO CITY, Feb 9- Mexico's peso fell to a record low on Tuesday and Colombia's peso sank as a sharp drop in oil prices and growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen. Mexico's peso shed more than 0.7 percent, paring losses slightly after tumbling to a record low of 18.9350 per dollar, while Colombia's peso...

  • Why mini-boom for utilities is suspicious Tuesday, 9 Feb 2016 | 3:35 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Utilities are one of the hottest sectors this year, but investors may want to be suspicious about the climb.