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Dollar climbs to 6-year high vs yen, Aussie slumps LONDON: The dollar rose to a six-year high against the yen on Wednesday while the Australian dollar nursed a second session of heavy losses as U.S. Treasury yields ground higher.The U.S. currency's steady march higher since the start of July is broadly intact, driven by a tightening of market expectations on Federal Reserve interest rates.A study by Fed researchers earlier this week convinced many investors of the need to bring forward expectations for the timing of a first rise in U.S. interest rates.That was also showing up in weakness for a number of developing world currencies, with India's rupee and Turkey's lira among those suffering."There's clearly a bit more dollar strength this morning," said Peter Kinsella, a strategist with Commerzbank in London. "...U.S. two-year rates are moving higher, you have the continuing monetary accommodation in Europe and we've had a run of pretty bearish data in Japan."I wouldn't be surprised ...

Sterling hits new lows, traders cite new web poll on Scotland LONDON: Sterling hit a fresh 10-month low against the dollar and a three-month trough against the euro on Wednesday as traders cited an online poll on the Scottish independence which gave the "Yes" camp a 53.9 percent lead.The pound hit $1.6052, its lowest since November 2013 , before recovering a little to $1.6070, down 0.2 percent on the day. Earlier, it had been trading as high as $1.6153.The euro strengthened against sterling to a three-month ...
Currencies slip as US tightening, Ukraine risks weigh BUDAPEST: Central European currencies eased early on Wednesday, with concerns over the start of US monetary tightening, the fragile situation in Ukraine and prospects of further rate cuts in the region taking their toll on local markets.Investors fear fallout from the conflict in Ukraine could prompt some central banks in central Europe to loosen policy further to offset risks to growth, despite the prospect of rising rates in the United States.Concerns the Federal Reserve might ...
Dollar batters emerging assets; rand, lira at forefront LONDON: Emerging currencies fell more than 1 percent on Wednesday and currencies such as the lira and rand extended losses to trade at multi-month lows on growing expectations of a broad-based rally in the US dollar.The dollar is near 14-month highs versus a basket of major currencies and could breach levels not seen since 2010 after a paper from the San Francisco Fed indicated markets are well behind the curve in pricing the US rate ...
Scots survey nerves drive sterling to 10-month low LONDON: Sterling hit a fresh 10-month low against the dollar and a three-month trough against the euro on Wednesday, with traders citing an online survey on the Scottish independence which gave the "Yes" camp a strong lead.Market talk in morning trade in Europe surrounded the prospect of another poll due to be released late on Wednesday by the Survation polling agency for the Daily Record. The agency said on Twitter that those results would be ...
Turkish lira drops to 5-month low on suggestion of early US rate hike ISTANBUL: The Turkish lira weakened above 2.2 against the dollar on Tuesday, after a study by Federal Reserve economists suggested investors were underestimating chances of an early U.S. interest rate hike.Turkish assets are especially responsive to changing expectations about global liquidity tightening because its large current account deficit is financed by foreign capital inflows.The lira weakened to 2.2032 against the dollar, its weakest since the end of May, settling at 2.1945 against the dollar by ...
Dollar hits 6-year high vs yen on Fed study, sterling sell-off abates LONDON: The dollar scaled a six-year high against the yen and hit a 14-month peak against a basket of currencies on Tuesday, tracking rising U.S. yields after a Federal Reserve study led investors to reassess the prospects for higher interest rates.Sterling recovered from a 10-month low after Bank of England Governor Mark Carney made comments suggesting the bank might start to raise interest rates in spring. But the boost to sterling was fleeting amid growing ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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