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Economy Fed July Mizuho Securities month Top News U.S. 

Dollar holds most of gains made on upbeat U.S. retail sales data

August 16, 2017 By Lisa Twaronite TOKYO (Reuters) – The dollar edged slightly lower in early Asian trading on Wednesday but held most of its gains made after U.S. retail sales data suggested the economy continued to gain momentum in the third quarter and kept alive hopes for another Federal Reserve interest rate hike this year. Minutes from the Fed’s July meeting will be released later on Wednesday, and will be watched for clues on the timing of rate hikes as well as whether the Fed is likely to announce…

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Business Economy Fed Dudley Mizuho Securities rates Top News 

Dollar firm before Fed’s Dudley, euro and pound hold steady

June 19, 2017 By Shinichi Saoshiro TOKYO (Reuters) – The dollar steadied against a basket of currencies on Monday after slipping on soft U.S. economic data, with investors awaiting comments by a top Federal Reserve official for clues on whether recent strength can be sustained. The dollar index against a group of major currencies was flat at 97.187 . The index had climbed to a two-week high of 97.560 late the previous week after the Fed raised interest rates and kept the door open for another hike in 2017. But…

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Asia stocks sluggish after weak U.S. GDP, dollar dips

May 1, 2017 By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks struggled for traction on Monday after weaker-than-expected U.S. economic growth data, while the dollar dropped against the yen amid tensions over North Korea and slipped versus the euro on evidence of strong euro zone inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent and Japan’s Nikkei added 0.1 percent. Many markets in Asia and Europe are closed for Labour Day. Asian shares took their cue from Wall Street, where the Dow and the S&P 500…

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Dollar edges down, European inflation data lift euro

May 1, 2017 TOKYO (Reuters) – The dollar started the week on the back foot on Monday, as solid European inflation data lifted the euro and continuing tensions with North Korea underpinned the perceived safe-haven yen. The dollar index , which tracks the greenback against a basket of six rival currencies, edged down 0.1 percent to 98.963 . Against its Japanese counterpart, the dollar slipped 0.2 percent to 111.33 . The dollar touched a session high of 111.72 yen on Friday, a within a few ticks of last week’s nearly…

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Dollar hits five-month low vs. yen as North Korea tensions mount

April 17, 2017 By Shinichi Saoshiro TOKYO (Reuters) – The dollar dipped to a five-month low against the yen on Monday as rising tensions over North Korea kept the safe-haven Japanese currency in demand. The dollar index against a basket of major currencies was down 0.2 percent at 100.390 , weighed down following the release of Friday’s weak U.S. retail sales and consumer prices data and as flight-to-safety drove U.S. Treasury yields to five-month lows. The U.S. currency extended losses from the previous day and retreated to 108.135 yen ,…

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Yen hits multi-month peaks vs peers on rising geopolitical tensions

April 12, 2017 By Shinichi Saoshiro TOKYO (Reuters) – The yen hit five-month highs against the dollar, euro and sterling on Wednesday, as simmering geopolitical tensions checked risk appetite and put the safe-haven Japanese currency in favor. Investors’ flight-to-safety underpinned traditional safe-havens like the yen, Treasuries and gold, amid fresh concerns about the French presidential election and possible U.S. military action against Syria and North Korea. “Direct demand for the yen driven by flight-to-safety, rather than bids generated by lower Treasury yields, characterizes the latest move,” said Masashi Murata, senior…

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Dollar edges down vs yen as U.S. Treasury yields slip

April 11, 2017 TOKYO (Reuters) – The dollar fell against the yen in Asian trading on Tuesday, as concerns over tensions with North Korea and Syria weighed on U.S. Treasury yields and offset expectations of U.S. interest rate hikes. The dollar extended earlier losses against the yen, slipping 0.3 percent to 110.63 Japanese yen , moving further away from its overnight high of 111.57. It remained solidly in the 110.11-112.19 range in which it has traded since late March. The possibility of some kind of U.S. military action against North…

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Dollar at three-week highs on Fed official comment; Syria, North Korea in focus

April 10, 2017 TOKYO (Reuters) – The dollar started the week at three-week highs against a currency basket on Monday, after a key U.S. Federal Reserve official reinforced the central bank’s commitment to interest rate hikes. The dollar index, which tracks the greenback against six major rival currencies, added 0.1 percent to 101.260 , reaching out to its highest levels since March 15. New York Fed President William Dudley said the Fed might avoid raising interest rates at the same time that it begins shrinking its $4.5 trillion bond portfolio,…

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Dollar stumbles, but losses seen short-lived

March 16, 2017 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a five-week low against a basket of currencies on Thursday, still reeling from the previous session, when a statement from the U.S. Federal Reserve failed to signal a much faster pace of monetary policy tightening. The Fed on Wednesday lifted the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent, but stuck to its original forecast of three rate increases this year. Investors were expecting four rate hikes…

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Dollar on track for winning week as U.S. jobs data awaited, euro firm

March 10, 2017 TOKYO (Reuters) – The dollar firmed to six-week highs against the yen on Friday and looked set for a modest weekly gain as investors awaited U.S. job data later in the day that is expected to reinforce expectations of a Federal Reserve interest rate hike next week. A surprisingly robust private U.S. jobs report from ADP heightened bets that the monthly nonfarm payrolls release would give the Fed more reason to raise interest rates at its March 14-15 meeting, as many central bank officials have recently signaled…

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