15/11/2013
The yen fell deeper into 100 per dollar territory as gains in stocks and expectations for continued economic stimulus around the globe trimmed demand for haven assets.
Brazil’s swap rates declined for a third straight day as a gauge of the economy unexpectedly contracted in September, adding to speculation that central bankers will limit borrowing cost increases.
Canada’s dollar touched the weakest level since September amid wagers it rose too much, too fast yesterday after Federal Reserve Chairman-nominee Janet Yellen said more U.S. economic growth is needed before stimulus is cut.
The pound advanced, appreciating to a four-year high versus the yen, on speculation the U.K. economy will outperform those of its major counterparts.
Australia’s dollar headed for its first weekly advance in four versus the yen as expectations of continued monetary stimulus from major central banks buoyed demand for the South Pacific nation’s higher-yielding assets.
Indonesia’s rupiah led losses in Asian currencies this week as signs of improvement in the U.S. economy boosted bets the Federal Reserve will trim stimulus, a policy that’s driven demand for emerging-market assets.
Taiwan’s dollar headed for its worst week in three months as speculation the Federal Reserve will cut stimulus spurred outflows from local equities.
The dollar rose from the lowest level in a week as investors wagered the Federal Reserve is still moving toward reducing its bond buying after chairman-nominee Janet Yellen said it “will not continue indefinitely.”
The U.S. didn’t buy or sell dollars to affect foreign-exchange rates in the third quarter, the Federal Reserve Bank of New York said in a report to Congress.
South Korea’s won was set for a second weekly drop after foreign funds pulled money from local stocks in preparation for an eventual paring of Federal Reserve stimulus. Government bonds declined.
The yen fell deeper into 100 per dollar territory as gains in stocks and expectations for continued economic stimulus around the globe trimmed demand for haven assets.
Brazil’s swap rates declined for a third straight day as a gauge of the economy unexpectedly contracted in September, adding to speculation that central bankers will limit borrowing cost increases.
Canada’s dollar touched the weakest level since September amid wagers it rose too much, too fast yesterday after Federal Reserve Chairman-nominee Janet Yellen said more U.S. economic growth is needed before stimulus is cut.
The pound advanced, appreciating to a four-year high versus the yen, on speculation the U.K. economy will outperform those of its major counterparts.
Australia’s dollar headed for its first weekly advance in four versus the yen as expectations of continued monetary stimulus from major central banks buoyed demand for the South Pacific nation’s higher-yielding assets.
Indonesia’s rupiah led losses in Asian currencies this week as signs of improvement in the U.S. economy boosted bets the Federal Reserve will trim stimulus, a policy that’s driven demand for emerging-market assets.
Taiwan’s dollar headed for its worst week in three months as speculation the Federal Reserve will cut stimulus spurred outflows from local equities.
The dollar rose from the lowest level in a week as investors wagered the Federal Reserve is still moving toward reducing its bond buying after chairman-nominee Janet Yellen said it “will not continue indefinitely.”
The U.S. didn’t buy or sell dollars to affect foreign-exchange rates in the third quarter, the Federal Reserve Bank of New York said in a report to Congress.
South Korea’s won was set for a second weekly drop after foreign funds pulled money from local stocks in preparation for an eventual paring of Federal Reserve stimulus. Government bonds declined.
