Edition:
India

Eimi Yamamitsu

CORRECTED-FOREX-Dollar drifts as markets look for certainty on U.S. stimulus

22 Oct 2020

TOKYO, Oct 22 The U.S. dollar treaded water against most major currencies on Thursday as U.S. stimulus talks remained the focus for markets with trading buffeted over recent days by the extent of progress made on the potential size of the aid package.

FOREX-Dollar steadies as trading buffeted by U.S. stimulus

22 Oct 2020

* Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E By Eimi Yamamitsu TOKYO, Oct 22 The U.S. dollar steadied against most major currencies on Thursday as U.S. stimulus talks remained the focus for markets with trading buffeted over recent days by the extent of progress made on the potential size of the aid package. The dollar index was nearly flat against a basket of currencies at 92.801, having marked its lowest level since Sept. 2 overnight. On Wednesday, the dollar weakened after U.S. President Donald Trump and House Speaker Nancy Pelosi boosted hopes an agreement on stimulus was close, sparking demand for riskier assets. ”For a while, the pattern has been that when stimulus talks stalled, equities fell and the dollars were being bought due to risk-averse sentiment. But with optimistic headlines like these, the market is inclined to shift to risk-on mood and sell the dollars,” said Daisuke Karakama, chief market economist at Mizuho Bank. But prospects remain dim for the Republican-controlled Senate to approve any aid before the Nov. 3 election. Nancy Pelosi said before starting talks with Treasury Secretary Steven Mnuchin that there was still a chance for a deal despite resistance from Senate Republicans, though she acknowledged it might not pass until after the election. Separately, Federal Reserve Governor Lael Brainard said the biggest risk to her outlook for economic recovery was that fiscal support from the federal government would be withdrawn too soon. Analysts said the dollar was also pressured by surge in currencies such as the sterling, which jumped to a six-week high overnight after Britain’s chief Brexit negotiator said talks with the European Union will resume on Thursday afternoon. Against the greenback, the pound steadied at $1.3134 in early Asian trade. The euro edged 0.11% lower against the dollar to $1.8465, a fraction below a one-month high of $1.8805 hit on Wednesday. Traders are also awaiting the final presidential debate between President Trump and Democratic rival Joe Biden later in the day, with the key feature this time around being a mute button to allow each candidate to speak uninterrupted. The Japanese yen was little changed at 104.68 against the greenback, having marked a four-week high overnight. The Australian dollar eased as E-mini futures for the S&P 500 lost more than 0.6%; the Aussie was last fetching 0.7105, while the kiwi fell 0.32 to 0.6634. ======================================================== Currency bid prices at {TIME:h12:mm} ({TIME:h24mm gmt} GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar {EUR=EBS;$BID {EUR=EBS;$ {EUR=EBS;+PCT {EUR=EBS;+ {EUR=EBS;+ {EUR=EBS;+ :4} US_CLOSE:4 CHNG:2}% PCTCHG_YTD HIGH_1:4} LOW_1:4} } :2}% Dollar/Yen {JPY=D3;BID:4 {JPY=D3;US {JPY=D3;+PCTC {JPY=D3;+P {JPY=D3;+B {JPY=D3;+L } _CLOSE:4} HNG:2}% CTCHG_YTD: ID_HIGH_1: OW_1:4} 2}% 4} Euro/Yen {EURJPY=;BID: {EURJPY=;U {EURJPY=;+PCT {EURJPY=;+ {EURJPY=;+ {EURJPY=;+ 2} S_CLOSE:2} CHNG:2}% PCTCHG_YTD BID_HIGH_1 LOW_1:4} :2}% :4} Dollar/Swiss {CHF=EBS;BID: {CHF=EBS;U {CHF=EBS;+PCT {CHF=EBS;+ {CHF=EBS;+ {CHF=EBS;+ 4} S_CLOSE:4} CHNG:2}% PCTCHG_YTD BID_HIGH_1 LOW_1:4} :2}% :4} Sterling/Dollar {GBP=D3;BID:4 {GBP=D3;US {GBP=D3;+PCTC {GBP=D3;+P {GBP=D3;+B {GBP=D3;+L } _CLOSE:4} HNG:2}% CTCHG_YTD: ID_HIGH_1: OW_1:4} 2}% 4} Dollar/Canadian {CAD=D3;BID:4 {CAD=D3;US {CAD=D3;+PCTC {CAD=D3;+P {CAD=D3;+B {CAD=D3;+L } _CLOSE:4} HNG:2}% CTCHG_YTD: ID_HIGH_1: OW_1:4} 2}% 4} Aussie/Dollar {AUD=D3;BID:4 {AUD=D3;US {AUD=D3;+PCTC {AUD=D3;+P {AUD=D3;+B {AUD=D3;+L } _CLOSE:4} HNG:2}% CTCHG_YTD: ID_HIGH_1: OW_1:4} 2}% 4} NZ {NZD=D3;BID:4 {NZD=D3;US {NZD=D3;+PCTC {NZD=D3;+P {NZD=D3;+B {NZD=D3;+L Dollar/Dollar } _CLOSE:4} HNG:2}% CTCHG_YTD: ID_HIGH_1: OW_1:4} 2}% 4} All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Eimi Yamamitsu Editing by Shri Navaratnam)

FOREX-Dollar holds tight ranges as investors await news on Trump's health

05 Oct 2020

TOKYO, Oct 5 The dollar clung to familiar ranges on Monday as financial markets awaited news on the health of U.S. President Donald Trump, who last week tested positive for the coronavirus, sending investors into safe-haven assets.

FOREX-Dollar treads water as markets await news on Trump's health

05 Oct 2020

TOKYO, Oct 5 The dollar held tight ranges against its peers on Monday as investors awaited clarity on the health of U.S. President Donald Trump after he tested positive for the coronavirus, sending markets into safe-haven assets.

Tokyo Stock Exchange wraps up busy session after recovering from outage debacle

02 Oct 2020

TOKYO The Tokyo Stock Exchange closed out a volatile session capped by news of U.S. President Donald Trump testing positive for the new coronavirus on Friday, a day after its worst-ever outage paralysed the world's third-largest equity market.

Tokyo Stock Exchange paralysed by hardware glitch in worst-ever outage

01 Oct 2020

TOKYO Trading on the Tokyo Stock Exchange was brought to a complete standstill by a hardware failure for all of Thursday, in the worst-ever outage for the world's third-largest equity market. | Video

FOREX-Dollar holds line after Trump, Biden clash in first debate

30 Sep 2020

TOKYO, Sept 30 The dollar was little changed in Asian trade on Wednesday, as traders assessed a fierce first debate between Republican President Donald Trump and Democratic rival Joe Biden ahead of the Nov. 3 U.S. presidential election.

FOREX-Dollar wobbles as markets await U.S. presidential debate

30 Sep 2020

TOKYO, Sept 30 The dollar edged down in Asian trade on Wednesday as investors counted down to the first U.S. presidential debate between President Donald Trump and Democratic challenger Joe Biden.

FOREX-Dollar steady as all eyes on U.S. presidential debate

29 Sep 2020

TOKYO, Sept 29 The dollar held steady against a basket of currencies on Tuesday as financial markets braced for the first U.S. presidential debate, while traders also tracked developments on the U.S. stimulus bill.

Dollar steadies as markets await Trump-Biden debate

29 Sep 2020

TOKYO The dollar was steady against a basket of currencies on Tuesday as traders looked out to the first U.S. presidential debate and developments on the U.S. stimulus bill.

World News