Edition:
India

Kate Duguid

TREASURIES-Yield curve steeper on weak manufacturing, construction data

03 Dec 2019

BOSTON/NEW YORK, Dec 2 The Treasury yield curve was steeper on Monday following two reports showing U.S. factory activity and construction spending fell unexpectedly, sounding a cautionary note on the U.S. economy despite a recent string of upbeat data.

TREASURIES-Yield curve steeper on weak manufacturing, construction data

02 Dec 2019

BOSTON, Dec 2 The Treasury yield curve was steeper on Monday following two reports showing U.S. factory activity and construction spending fell unexpectedly, sounding a cautionary note on the U.S. economy despite a recent string of upbeat data.

RPT-TREASURIES-U.S. yield curve steepens on weak construction spending

02 Dec 2019

BOSTON, Dec 2 The U.S. Treasury yield curve steepened on Monday as investors digested a report of unexpectedly weak U.S. construction spending.

CANADA FX DEBT-Loonie rises after Poloz comments that monetary conditions appropriate

21 Nov 2019

* Canadian dollar at C$1.327 per USD * Canadian government bond yields higher across maturities By Kate Duguid NEW YORK, Nov 21 The Canadian dollar strengthened on Thursday, coming off six-week lows against its U.S. counterpart after Bank of Canada Governor Stephen Poloz said he believed current monetary conditions were appropriate. In remarks at a fireside chat organized by the Ontario Securities Commission in Toronto, the central banker said he thought the central bank's policy fit the country's economic situation. Poloz's remarks come after BoC Senior Deputy Governor Carolyn Wilkins on Tuesday said the global economy was facing immense challenges that could spill over into Canada and that the central bank had room to move interest rates lower. Currency markets reacted by pushing the loonie to six-week lows in the days following. The Canadian dollar was at C$1.327 to the greenback, 0.26% stronger than Wednesday's close at C$1.330. But trading was range bound, with the loonie still about half a percent off of where it had opened Tuesday prior to Wilkins' comments. Canada's central bank shifted to a more dovish stance in October as it cut its economic growth forecasts and expressed concern about global trade risks. China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling. Reports on Wednesday that the two countries were unlikely to reach a "phase one" trade deal by the end of the year had spurred a risk-off trade, bolstering the Japanese yen , the Swiss franc and hitting U.S. equities and Treasury yields. By Thursday, some of those moves had reversed. On Thursday morning, money markets were estimating an 11.61% chance of a rate cut at the Bank of Canada's next policy meeting on Dec. 4. Estimates on Wednesday were at approximately 20%. Canadian government bond yields were higher across maturities with the two-year yield up 3.5 basis points to 1.550% and the benchmark 10-year yield up 3.6 basis points to 1.468%. (Reporting by Kate Duguid; Editing by Bernadette Baum)

Treasury yields drop on reports trade deal may not come this year

21 Nov 2019

NEW YORK Treasury yields dropped on Wednesday on news a "phase one" U.S.-China trade deal may not be completed this year, according to Reuters sources.

U.S. growth outlook in 2020 improves despite trade risk - Fannie Mae

18 Nov 2019

NEW YORK Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a "phase one" trade deal between the United States and China is signed.

Speculators increase long bets on U.S. dollar: CFTC, Reuters

16 Nov 2019

NEW YORK Speculators raised their bullish bets on the U.S. dollar in the latest week to the largest position in four weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

Dollar slips against euro, pound on trade talk optimism

16 Nov 2019

NEW YORK The dollar was lower on Friday afternoon as some optimism for the ongoing trade talks with China buoyed trade-linked currencies like the euro and the British pound.

FOREX-Dollar down versus euro, pound as trade talks continue

15 Nov 2019

NEW YORK, Nov 15 The dollar was lower on Friday morning in the North American session as some optimism for the ongoing trade talks with China bolstered trade-linked currencies like the euro and the British pound.

Dollar falls, yen rises as investors eschew risk

15 Nov 2019

NEW YORK The U.S. dollar fell against the Japanese yen on Thursday as investors pushed into safe-haven assets on reports the United States and China were struggling to finalize a "phase one" trade deal and as the domestic impeachment inquiry into U.S. President Donald Trump intensified.

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