TOKYO (Reuters) – Asian shares tumbled on Wednesday as markets wagered the Federal Reserve would raise interest rates earlier than expected, sending U.S. bond yields higher and keeping the dollar well bid near 14-month highs against a basket of major currencies.
Some regional tech shares took a hit after Apple Inc stock fell as the initial excitement over its announcement of new products including a watch, larger iPhones and a mobile payment service, quickly evaporated.
TOKYO (Reuters) – The U.S. dollar stood tall on Wednesday on growing expectations the Federal Reserve would raise interest rates earlier than expected, hitting shares and other assets that have benefitted from years of ultra-easy U.S. monetary policy.
Share of Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) turned lower as the initial excitement over its announcement of new products including a watch, larger iPhones and a mobile payment service, quickly evaporated.
TOKYO, Sept 9 (Reuters) – Japan is waking up to the reality
that a blessing can come with a curse: the weaker yen sought by
policymakers has a downside for some companies and the broader
The yen dropped to a six-year low of 106.39 yen
against the dollar on Tuesday, as investors factored in
expectations that the Federal Reserve will raise interest rates
as the U.S. economic recovery continues its gradual recovery.
TOKYO (Reuters) – Asian shares edged up to a seven-year high on Thursday on growing hopes of a ceasefire in Ukraine, while investors also warmed to the idea of more monetary easing from the European Central Bank in the near future.
TOKYO (Reuters) – Japanese shares hit a seven-month high on Wednesday, with financial shares leading the gains, in the hope a cabinet reshuffle by Prime Minister Shinzo Abe giving fresh impetus to his “Abenomics” growth-promoting policies.
Exporters’ shares also rode high as the yen weakened to an eight-month low and solid U.S. manufacturing data boosted their business prospects, even though U.S. shares ended mixed the previous day.
TOKYO, Aug 26 (Reuters) – Asian shares got off to a firm
start on Tuesday as investors warmed up to the idea of more
monetary stimulus by the European Central Bank to boost the
sagging euro zone economy.
The euro slipped to a one-year low against the dollar as
comments from ECB chief Mario Draghi late last week that the
central bank was prepared to respond with all its “available”
tools resonated in the market.
TOKYO/SINGAPORE, Aug 20 (Reuters) – The dollar touched an
11-month high against a basket of major currencies on Wednesday
after positive U.S. housing data the previous day fed hopes that
the world’s biggest economy is strengthening.
The dollar index surged to as high as 81.995,
its highest level since September. It last stood at 81.974, up
0.1 percent on the day.
TOKYO (Reuters) – The dollar held firm near 11-month high against a basket of major currencies on Wednesday after strong U.S. housing data added to hopes of a firming recovery in the world’s biggest economy.
The dollar index stood at 81.870, having risen to 81.899 in the previous session, its highest level since September.
TOKYO, Aug 19 (Reuters) – The dollar steadied on Tuesday
after Monday’s gains on upbeat U.S. housing data and a rise in
U.S. bond yields, but traders are waiting for hints on Federal
Reserve policy intentions before they test major resistance
The only mover among major currencies in Asia was the New
Zealand dollar, which shed a half percentage point after soft
economic data pointed to a pause in the country’s rate hikes.
TOKYO (Reuters) – The dollar held firm on Tuesday after a solid U.S. housing data and a rise in U.S. bond yields on the back of hopes of an easing of geopolitical tensions.
The currency, however, is likely to need a clearer sign that the Federal Reserve might start raising rates sooner to break above its trading band in the past few weeks, as traders looking focus on comments from Fed officials later in the week at a global central bank conference in Jackson Hole.