Charlotte's Feed
Feb 23, 2010

Asian shares head down, await Bernanke view

TOKYO (Reuters) – Asian shares turned lower on Tuesday and the dollar was trapped in a tight range as investors waited for Federal Reserve Chairman Ben Bernanke to shed light on how soon key interest rates may start to rise.

After the surprise increase last week in the rate the Fed charges banks for emergency loans, the market focus is now on how Bernanke explains the move in testimony in the House and the Senate on Wednesday and Thursday.

Feb 19, 2010

yr yield hits 1-mth high after discount move

TOKYO, Feb 19 (Reuters) – Shorter-dated U.S. Treasury yields
rose on Friday with the two-year note yield <US2YT=RR> hitting
its highest in a month after the U.S. central bank lifted its
discount rate, while the spread between two-year and 10-year
yields narrowed.

The two-year/10-year yield spread pulled in to about 285
basis points from record wide levels around 288 basis points on
Wednesday as the shorter end of the curve rose. The shorter end
is more susceptible to expectations about moves in policy rates.

Feb 17, 2010

Asia shares up, banks shrug off China policy move

TOKYO (Reuters) – Asian shares leapt on Wednesday after a jump on Wall Street, with financial and resource stocks leading and shares in Hong Kong shrugging off China’s latest move to temper robust lending.

The Hang Seng rose 1.7 percent after a long Lunar New Year holiday break, with Chinese banking stocks like Bank of China gaining over 2 percent despite Friday’s surprise hike in bank reserve requirements by Beijing as it tries to moderate credit growth and inflationary pressures.

Feb 16, 2010

Asian shares edge up, euro holds its ground

TOKYO (Reuters) – Asian share markets posted mild gains on Tuesday, with Australian stocks boosted by upbeat earnings from lender Westpac <WBC.AX>, while the euro held its ground as Greece was given 30 days to show its deficit plans were on track.

Centers such as Hong Kong and Shanghai remained closed for the Lunar New Year and with U.S. markets also shut on Monday, gains in Asia were light as investors continued to weigh the fiscal risks in the euro zone and the impact of China’s latest credit tightening.

Feb 12, 2010

Euro heavy as EU disappoints, Aussie near decade high

TOKYO, Feb 12 (Reuters) – The euro softened across the board
on Friday, weighed by disappointment among investors over lack of
detail from the European Union on helping debt-laden Greece.

Commodity-linked currencies such as the Australian dollar
<AUD=D4> remained buoyant but trimmed some gains made following
Chinese inflation numbers the previous day, which fuelled hopes
China may not need to be too aggressive near-term on tightening.

Feb 9, 2010

Asian shares struggle, euro wins respite

TOKYO (Reuters) – Asian share markets struggled to hold firmer ground on Tuesday but won some respite from recent losses, while the euro rose tentatively as investors took a break from selling it off over fiscal concerns in the euro zone.

The MSCI index of Asian shares outside Japan slipped 0.2 percent after dipping to a five-month low, although IT stocks gained, and shares in Shanghai and Seoul turned higher while S&P futures were flat.

Feb 1, 2010

Dollar keeps broad gains, euro teeters at 7-mth low

TOKYO, Feb 1 (Reuters) – The dollar held at its highest
levels in six months on Monday, while the euro huddled near
seven-month lows on fiscal concerns, and higher-yielding
currencies remained pressured by the closing of leveraged trades.

The Australian dollar dipped to its lowest since mid-December
as investors briefly unwound yen-funded carry trades on a report
that a British regulator would like to restrain such trading.

Jan 29, 2010

Euro losses mount, yen firm with sentiment edgy

TOKYO, Jan 29 (Reuters) – The euro hit a nine-month low on
the yen and a six-month low on the dollar on Friday as concerns
about Greece’s fiscal situation intensified, while the Japanese
currency rose broadly as weaker stocks further clouded
sentiment.

After a week of worries over debt of smaller euro zone
countries, White House plans to limit risk-taking at U.S. banks,
credit tightening steps in China and a slide in global stock
markets, investors have cut risk trades funded by the yen and
dollar.

Jan 29, 2010

Euro remains under pressure, yen edges up

TOKYO (Reuters) – The euro hovered above a six-month low against the dollar and a nine-month low versus the yen on Friday as concerns about Greece’s fiscal situation intensified, and the yen edged up as weak stocks further clouded sentiment.

After a week of worries over debt of smaller euro zone countries, White House plans to limit risk-taking at U.S. banks, credit tightening steps in China and a slide in global stock markets, investors have cut risk trades funded by the yen and dollar.

Jan 22, 2010

Yen gains on euro, dollar as US plan rattles market

TOKYO, Jan 22 (Reuters) – The yen surged against the dollar
and the euro on Friday as a break of key support triggered
stop-loss sales, while risk appetite lessened due to the White
House’s proposals to regulate U.S. banks.

The euro tumbled to a nine-month low of 126.55 yen <EURJPY=R>
after breaching a long-held chart support at 127.00 yen, taking
the dollar down with it to its weakest in a month.