Forex

Dollar scales new 2-decade high, sterling on the ropes again

Dollar scales new 2-decade high, sterling on the ropes again

By Rae Wee SINGAPORE, Sept 28 (Reuters) - The dollar hit a fresh two-decade peak against a basket of currencies on Wednesday on the back of rising Treasury yields, while sterling languished near a record low on concerns over Britain's radical tax cuts to spur growth. The U.S. dollar index =USD hit a new high of 114.68 in Asia trade and was last up 0.42% at 114.62. Meanwhile, benchmark U.S.

Morning News Call - India, September 28

Morning News Call - India, September 28

To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: Link INDIA TOP NEWS • India's inclusion in key government bond index delayed to next year - sources India's long wait to win inclusion in JPMorgan's influential emerging market debt index is set to be pushed out into next year due to a number of issues New Delhi needs to address, four sources familiar with the matter said.

China's offshore yuan hits record low against strengthening dollar

China's offshore yuan hits record low against strengthening dollar

SHANGHAI, Sept 28 (Reuters) - China's yuan tumbled against a rising dollar in early deals on Wednesday, with its offshore trades dropping to a record low, pressured by expectations for more Federal Reserve rate hikes. China's offshore yuan CNH=D3 fell as far as 7.2349, the lowest level since such data became available in 2011. It traded at 7.2286 per dollar as of 0241 GMT.

Rupee set for record low on rise in U.S. yields, risk aversion

Rupee set for record low on rise in U.S. yields, risk aversion

By Nimesh Vora and Anushka Trivedi MUMBAI, Sept 28 (Reuters) - The Indian rupee is tipped to open at a record low against the dollar on Wednesday, after U.S. Treasury yields rose and equities extended losses. The rupee INR=IN is expected at around 81.80-81.85 per U.S. dollar at open, down from 81.58 in the previous session. The rupee reached a record low of 81.6525 on Monday.

Why no news may be good news for China-watching investors

Why no news may be good news for China-watching investors

By Summer Zhen and Xie Yu HONG KONG, Sept 28 (Reuters) - Investors are dialling back risk exposure ahead of China's Communist Party Congress in October and sticking money in the relative safety of mainland blue chips as they await signs Beijing is ready to address problems hanging over the economy. The ChinaAMC China 50 ETF 510050.SS , the country's largest exchange-traded fund, has witnessed a near 30% jump in its assets this month, channelling more than 10 billion yuan ($1.40 billion) into Sha

Asia markets spooked by recession risks, dollar climbs

Asia markets spooked by recession risks, dollar climbs

* Asian stock markets : Link * Asia stocks ex-Japan hit 2-1/2 year low * Dollar index at 20-year high, pressuring emerging markets * Sterling slips anew as UK fiscal credibility shaken By Wayne Cole SYDNEY, Sept 28 (Reuters) - Asian share markets slid on Wednesday as surging borrowing costs fed fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows.

South Korean won leads declines as most Asian currencies weaken

South Korean won leads declines as most Asian currencies weaken

Sept 28 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0202 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 144.690 144.76 +0.05 Sing dlr 1.443 1.4389 -0.30 Taiwan dlr 31.880 31.78 -0.31 Korean won 1436.400 1421.5 -1.04 Baht 38.065 37.96 -0.28 Peso 58.990 59.08 +0.15 Rupiah

S.Korean shares track Wall Street lower on dollar strength, rate-hike jitters

S.Korean shares track Wall Street lower on dollar strength, rate-hike jitters

* KOSPI falls, foreigners net sellers * Korean won weakens against dollar * South Korea benchmark bond yield jumps SEOUL, Sept 28 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares fell on Wednesday, tracking overnight Wall Street weakness, as U.S. monetary policy tightening worries and the dollar's strength weighed on sentiment.

White House's Deese says strong dollar reflects strength of U.S. economy

White House's Deese says strong dollar reflects strength of U.S. economy

WASHINGTON, Sept 27 (Reuters) - Now more than ever, the strength of the U.S. dollar reflects the relative strength of the U.S. economy, White House economic adviser Brian Deese told reporters on Tuesday. "In a highly uncertain global environment ... what we're seeing is reinforcing the unique position of strength that the United States economy is in, notwithstanding all the complexity of our recovery," Deese told reporters after an event hosted by the Economic Club of Washington, D.C..

Yellen says 'monitoring' UK developments after pound plummets - FT

Yellen says 'monitoring' UK developments after pound plummets - FT

Sept 27 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday the United States was monitoring developments in Britain after the government unveiled a fiscal programme that sent the pound to a record low against the dollar, the Financial Times reported. The financial turmoil of recent days appeared to be confined to Britain and was not spreading to the global economy, Yellen told reporters at the end of her visit in North Carolina.

Sterling swallows bitter pill, dollar advances on hawkish Fed speak

Sterling swallows bitter pill, dollar advances on hawkish Fed speak

By Rae Wee SINGAPORE, Sept 28 (Reuters) - The pound languished near a record low on Wednesday on lingering concerns over Britain's radical tax cuts to spur growth, while the dollar edged up after Treasury yields surged overnight. Sterling GBP=D3 fell 0.4% to $1.0693 in early Asia, following a slight 0.4% gain in the previous session, still nursing deep losses after its slide to an all-time low of $1.0327 at the start of the week.

Financial Times - Sept 28

Financial Times - Sept 28

Sept 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - IMF urges UK to 're-evaluate' tax cuts in biting attack on fiscal plan Link - HSBC, Santander and Nationwide suspend and reprice UK mortgages Link - Labour plans state-owned UK clean energy company Link - Revolut receives green light to run UK cryptocurrency business Link Overview - The International Monetary Fund on Tuesday took