Dollar rises as China COVID worries spur safe-haven buying
The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment.
Dollar edges up as Fed’s Waller cautions on inflation
The U.S. dollar steadied on Monday amid fading expectations of a less aggressive Federal Reserve interest rate hike after Governor Christopher Waller said the central bank was not softening its fight against inflation.
Japan ramps up intervention threats after yen slides past key 150 level
Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of 150 to the dollar, keeping investors on high alert in case Tokyo steps into markets again to support the fragile currency.
Analysis: Japan is chasing its tail on yen intervention
As the Bank of Japan steps into currency markets for the first time in decades to defend a battered yen, it is running into numerous obstacles, chiefly its own stubborn commitment to ultra-easy monetary settings.
Exclusive: Bidders weigh offers valuing Toshiba at up to $22 billion – sources
Bidders for Toshiba Corp (6502.T) are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion.
Japan toaster startup smartphone foray craters stock price
A foray into smartphones by Japan’s Balmuda Inc (6612.T), best known for its high-end toasters, has cratered its stock price with the firm announcing this week it has halted sales of its poorly received handset.
Analysis: In Japan, a weaker yen may not be the blessing it once was
A weak yen, once seen as favourable for Japan’s exports-focused economy, has now become a pain point as it eats into household finances and confounds policymakers.
Yen sinks, Aussie climbs as Evergrande contagion fears recede
TOKYO, Sept 27 (Reuters) – The safe-haven yen sank to its lowest in nearly three months on Monday, while the risk-sensitive Australian dollar continued to recover from an almost one-month low, as fears of widespread contagion from China Evergrande Group (3333. HK) receded. The yen also fell as higher U.S. yields attracted Japanese investor money while rising […]
Dollar bides time below two-month highs before payrolls test
The dollar hovered below a two-month high versus major counterparts on Tuesday, with traders largely sidelined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus.
Asian shares kick-off week on cautious note as COVID-19 cases spike
Asian shares got the week off to a cautious start on Monday, with Chinese markets holding steady, as a spike in coronavirus cases across the region over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.
