Asian shares up, yuan at 5-mth high as Biden-Xi call stokes optimism

HONG KONG (Reuters) – Asian shares scaled a 2-1/2-week top as investors cheered a cordial opening to a key meeting between U.S. President Joe Biden and Chinese leader Xi Jinping, which helped nudge China’s yuan to a five-month high and pulled the dollar broadly lower.FILE PHOTO: A woman wearing a protective mask, amid the COVID-19 […]

Biden promises candor, Xi greets 'old friend' in U.S.-China talks

WASHINGTON (Reuters) -U.S. President Joe Biden and Chinese leader Xi Jinping stressed their responsibility to the world to avoid conflict as the heads of the two top global economies gathered for hours of talks on Monday. “It seems to me our responsibility as leaders of China and the United States is to ensure that our […]

Stocks stalled as oil fuels inflation nerves

SYDNEY (Reuters) – Asian stockmarkets were tugged lower by fresh concern about the solvency of China’s property developers on Wednesday, while a surging oil price added to worries that a hot U.S. inflation reading could renew pressure on policymakers to lift rates.FILE PHOTO: An electronic stock quotation board is displayed inside a conference hall in […]

Dollar in driver's seat as payrolls loom; sterling battered

TOKYO (Reuters) – The dollar was on course for a second straight week of gains against major peers on Friday, ahead of a key U.S. jobs report that could sway the timing of Federal Reserve interest rate increases.FILE PHOTO: Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/IllustrationSterling […]

Aussie slides as RBA affirms dovish stance; Fed in focus

SINGAPORE (Reuters) – Australia’s dollar weakened on Tuesday after the country’s central bank dampened investor hopes for a hawkish pivot, kicking off a big week for monetary policy that includes decisions from the Federal Reserve and Bank of England.FILE PHOTO: An Australia dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/IllustrationThe […]

Dollar rises with Treasury yields, as euro losses deepen

NEW YORK/LONDON (Reuters) – The dollar bounced back on Friday from a prior day plunge after yields on government bonds rose and traders saw new inflation reports as challenging major central banks to pull back on asset purchases more quickly than planned.FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar […]

Dollar hovers near one-month low as strong euro, stock rally weigh

TOKYO (Reuters) – The dollar hovered near its weakest level in a month against major peers on Friday, hurt by a stronger euro as traders bet on earlier European interest rate increases and as an equity rally sapped demand for safer assets.FILE PHOTO: A U.S. dollar banknote is seen in this illustration taken May 26, […]

Equities ride tech to third week of gains, dollar dips

LONDON (Reuters) – Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 19, […]

Festering Evergrande contagion worries push China spreads to record

SHANGHAI (Reuters) – Worries over possible spiralling effects of a debt crisis at developer China Evergrande Group drove Chinese high-yield spreads to record highs on Wednesday, days after the company missed another dollar bond deadline.FILE PHOTO: The China Evergrande Centre building sign is seen in Hong Kong, China September 23, 2021. REUTERS/Tyrone SiuThe company, which […]

Asia shares up, rising yields lift dollar as oil surges

SYDNEY (Reuters) – Asian shares edged higher on Monday courtesy of gains in China which also helped U.S. stock futures pare early losses, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen.FILE PHOTO: People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, are reflected on an electronic […]