Posted by editor on March 23, 2017

The Japanese yen's recent rise against the dollar has defied conventional market wisdom, but a stronger currency may actually support Japan as it confronts the Trump administration on matters of trade and foreign exchange.

The Federal Reserve's explicit plan to raise interest rates this year, in stark contrast to the Bank of Japan's persistently accommodative monetary policy, should in theory be a reason for investors to move out of the yen and seek yield in the greenback, the so-called carry trade.

Posted by editor on March 22, 2017

Wall St. closed lower on Tuesday, led by financials, as uncertainty concerning the timeline of the Trump administration pro-growth policies weighed on sentiment.

The Dow Jones Industrial Average closed 1.14% lower at 20,668. The S&P 500 shed 1.24% and the Nasdaq Composite closed at 5,793 down 1.83%.

The Federal Reserve’s dovish comments last week concerning the pace of the rate hikes and worries that President Donald Trump will struggle to implement some of his pro-growth policies, which includes tax reform, weighed on Financials and the broader market.

Posted by editor on March 21, 2017

Asian shares hit 21-month highs on Tuesday while the dollar and U.S. bond yields were on the backfoot on the prospect of a less hawkish than previously expected Federal Reserve policy trajectory.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.3 percent in its eighth consecutive day of gains with tech-heavy Seoul and Taipei shares (KS11) (TWII) hitting two-year highs while Hong Kong's Hang Seng (HSI) scaled 1-1/2-year highs.

Posted by editor on March 20, 2017

The dollar fell to fresh five-week lows against a basket of the other major currencies on Monday as expectations of a slower pace of U.S. interest rates hikes than some investors had anticipated continued to weigh.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.2% at 99.94, the lowest level since February 6.

Posted by editor on March 17, 2017

The dollar was little changed at five-week lows against other major currencies on Friday, as the tone of the Federal Reserve’s latest policy decision continued to dampen demand for the greenback.
EUR/USD edged up 0.11% to a five-week high of 1.0778.
The greenback weakened broadly as the Fed’s policy statement was seen as less hawkish than expected by sticking to projections of three total rate hikes in 2017 and not four as some traders had hoped for.
As expected, the Fed increased interest rates by 25 basis points to 1.00% from 0.75%.

Posted by editor on March 16, 2017

The first paragraph of the FOMC statement tweaked the assessment of business fixed investment, saying that it appears to have "firmed somewhat," while in February it was characterized as having "remained soft." The statement also recognized that inflation is moving closer to the Fed's target. In the second paragraph, the Fed retained its risk assessment, which is roughly balanced.

Posted by editor on March 15, 2017

The dollar wobbled in a narrow range in Asian trading on Wednesday, as investors waited anxiously to see what clues the U.S. Federal Reserve would soon reveal on its monetary policy outlook.
With the futures market pricing in more than a 90 percent chance that it would raise interest rates, investors' main focus turned to what the Fed's statement on Wednesday will say about the pace of hikes this year.

Posted by editor on March 15, 2017

The dollar wobbled in a narrow range in Asian trading on Wednesday, as investors waited anxiously to see what clues the U.S. Federal Reserve would soon reveal on its monetary policy outlook.
With the futures market pricing in more than a 90 percent chance that it would raise interest rates, investors' main focus turned to what the Fed's statement on Wednesday will say about the pace of hikes this year.

Posted by editor on March 13, 2017

The question on the lips of everyone who plans to exchange his metal for dollars—widely thought to be money—is why did silvergo down?

Posted by editor on March 10, 2017

Five Hong Kong Uber drivers were found guilty of illegally using their vehicles for commercial purposes by a local court on Friday, dealing a potential blow to Uber Technologies Inc's operations in the Asian financial hub.

The verdict comes less than a month after the multi-billion dollar ride-hailing service pulled out of Taiwan.

Uber, headquartered in San Francisco, has been facing similar legal scrutiny in markets across Asia.

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