SYDNEY/TOKYO (Reuters) – The euro probed fresh two-year lows early on Monday in a subdued start to a holiday-shortened week, extending a multi-month trend of weakness against the dollar that many traders say will remain intact in the new year.
Speculation is high that the European Central Bank (ECB) will be forced to expand its asset-buying program to include sovereign debt in early 2015, at a time when the Federal Reserve is preparing to do the opposite and lift interest rates.
TOKYO (Reuters) – Japanese fund managers increased their allocation of global bonds to the highest level in a year and a half, as plunging oil prices are seen hurting energy producing countries and raising uncertainty over the global economic outlook.
The survey of eight Japan-based fund managers, polled between Dec. 9 and 15, also showed they favored U.S. bonds, which now offer much higher yields than many of their peers in Europe and Japan.
TOKYO, Dec 18 (Reuters) – The dollar took the upper hand on
Thursday after the Federal Reserve signalled it was on track to
raise interest rates next year, altering a pledge to keep them
near zero for a “considerable time” in a show of confidence in
the U.S. economy.
The Fed said it would take a “patient” approach in deciding
when to bump borrowing costs higher, guidance which it said is
consistent with its previous statement that rates will be low
“for a considerable time.”
TOKYO, Dec 16 (Reuters) – The yen hit a two-week high versus
the dollar on Tuesday as investors shunned riskier assets, while
the rouble – a major victim of plunging oil prices – rebounded
after the Russian central bank hiked rates to halt its
The slide in oil prices has triggered a bout of volatility
in global markets in recent weeks, leaving nervous investors
fretting over the deteriorating health of the global economy.
TOKYO (Reuters) – The Russian ruble rebounded from record lows on Tuesday after the Russian central bank hiked interest rates to halt a collapse in its currency, while the backdrop of falling oil prices and concerns over global growth supported the safe-haven yen.
The ruble traded at 60.00 to the dollar RUB=EBS after falling to as low as 67.1375 on EBS on Monday.
TOKYO (Reuters) – Oil prices fell sank more than two percent to 5 1/2-year lows early on Monday on concerns about supply glut and slower global growth, feeding fears for energy and commodities producers and exporters.
Investors are nervous after U.S. shares posted their biggest weekly fall in 2 1/2-years last week on losses led by energy sector and as they expect the U.S. Federal Reserve to hint this week it is getting closer to raising interest rates.
TOKYO, Dec 15 (Reuters) – Oil prices fell sank more than two
percent to 5 1/2-year lows early on Monday on concerns about
supply glut and slower global growth, feeding fears for energy
and commodities producers and exporters.
Investors are nervous after U.S. shares posted their biggest
weekly fall in 2 1/2-years last week on losses led by energy
sector and as they expect the U.S. Federal Reserve to hint this
week it is getting closer to raising interest rates.
TOKYO (Reuters) – An election sweep for Japanese Prime Minister Shinzo Abe this weekend looks like a safe bet, but some are betting that the consequences for Japan could be calamitous – a collapse in the yen and uncontrolled inflation.
The continuation of ‘Abenomics’, a program of money printing and debt-funded spending to lift Japan from two decades of deflation and stagnation, is, they say, not just failing, but heading for disaster.
TOKYO (Reuters) – Once known for its safe-haven characteristics of appreciating fast and depreciating slowly, the yen is being treated in a diametrically opposite fashion by an options market that is pricing in faster falls than gains in the Japanese currency.
As the yen buckles under the Bank of Japan’s massive money printing, just about every market player expects a weaker yen but the pricing in options suggests the fall could be even faster than anticipated.
TOKYO (Reuters) – Gold prices tumbled on Monday after Swiss voters overwhelmingly rejected proposals to boost gold reserves in a referendum, joining the broad rout in commodities that sent oil prices to five-year lows and copper to four-year lows.
Sinking oil and commodity prices are causing massive realignments in markets, hurting assets tied to the resource sector, from Australian mining shares to the Malaysian ringgit, while benefiting importers such as Japan and China.