Australian dollar rallies on red-hot inflation, Asia FX muted By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Australian dollar rallied to a five-month high on Wednesday after fourth-quarter consumer inflation read higher than expected, while most Asian currencies moved little as fears of a global recession offset optimism over a potential economic recovery in China. The jumped nearly 1% to 0.7115 against the dollar, […]
Gold eases off nine-month peak as U.S. dollar, yields gain
Holdings in iShares Silver Trust rose 4% on MondayU.S. 10-Treasury yields at near one-week peakJan 24 (Reuters) – Gold prices pulled back from a nine-month high on Tuesday due to a slight uptick in the dollar and U.S. bond yields, although hopes of slower interest rate hikes from the Federal Reserve underpinned the market.Spot gold […]
Japan higher rates expand debt pile, balanced budget seen delayed again
Japan fiscal estimates assume higher interest rates than beforeBOJ’s move to widen 10-yr target band heaps pressure on ratesJapan seen to lag FY2025 budget balancing target by one yearTOKYO, Jan 24 (Reuters) – Japan raised its estimates for long-term interest rates over the coming few years in government’s twice-yearly fiscal projections issued on Tuesday, following […]
Japan’s factory activity extends declines for third straight month – PMI
TOKYO, Jan 24 (Reuters) – Japan’s manufacturing activity contracted for a third straight month in January as export weakness persisted amid a worsening global outlook, a corporate survey showed on Tuesday.The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) was at a seasonally adjusted 48.9 in January, unchanged from the final reading in […]
Economic calendar in Asia 24 January 2023 – note China, Singapore & Hong Kong mkt holidays
There are plenty of market holidays across Asia all this week, the full list is here: On the data agenda we’ll get PMIs: for services in New Zealand for December preliminary indications from Australia for January preliminary indications from Japan for January Of most focus will be the business confidence and conditions data from Australia. […]
Japan warns of dire finances as BOJ struggles to contain yields
Japan’s finances intensified severity to unprecedented pointRounds of extra budget, stimulus measures aggravate financesPublic finance is the cornerstone of a country’s trust – finminEconomic revival comes first before fiscal reform in long runParliament debate begins, all eyes on new BOJ governor nomineeTOKYO, Jan 23 (Reuters) – Japan’s finances are becoming increasingly precarious, Finance Minister Shunichi […]
Asia FX rises in holiday trade as China recovery bets grow By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most markets closed for the […]
Economic calendar in Asia – Bank of Japan December meeting minutes
The December Bank of Japan policy meeting was a doozy. The Bank widened its YCC tolerance band after weeks and months of saying they’d do nothing of the sort. Link to the statement, impact, and reverberations through markets that day: We’ll learn more from the publishing of the minutes of that meeting. These are due […]
Asia FX drifts lower on hawkish Fedspeak, weekly losses on tap By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that […]
Gold gains on softer dollar, slower Fed rate-hike bets
U.S. weekly jobless claims data due at 1330 GMTGold benefiting from flight to safety after U.S. data – analystU.S. producer prices fall more than expected in DecemberJan 19 (Reuters) – Gold prices rose on Thursday and are set to snap a three-day losing streak, helped by a weaker dollar and as signs of cooling U.S. […]