Tuesday, 10 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Yen lifted, dollar undermined by U.S. yield curveball
Monday, 25 March 2019 16:42 WIB | CURRENCIES |DOLLARmata uang yen

The yen held near six-week highs against the dollar on Monday as fears of economic recession, fanned by inversion of the U.S. bond yield curve, sapped demand for higher-yield, growth reliant assets and drove investors toward "safe" destinations.

With U.S. 10-year yields now almost two basis points below three month yields ” a classic recession signal ” equities have retreated while the yen and gold prices are up. The yen traded as high as 109.70 against the greenback but eased to trade around flat by 7:40 GMT.

The euro likewise was flat against the dollar at $1.13080, undermined by Friday's dire manufacturing PMI figures and trepidation that Germany's IFO Institute could release a downbeat assessment of Europe's biggest economy at 09:00 GMT.

The currency had risen all the way to $1.14485 last week after the Fed meeting.

Source : Reuters

RELATED NEWS
Sterling Hits 31-Month Highs, Dollar Dips...
Monday, 9 December 2019 18:02 WIB

The British pound hit 31-month highs against the euro on Monday and hit seven-month highs against the U.S. dollar amid growing confidence about a Conservative Party victory in Thursday™s U.K. electi...

Strong U.S. Jobs Data Supports Dollar as Market Looks to U.S.-China Trade Deal...
Monday, 9 December 2019 08:09 WIB

The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade wa...

Euro steady as U.S. dollar set for worst week since October...
Friday, 6 December 2019 16:32 WIB

The euro was steady against the dollar on Friday, though the greenback was headed for its worst week since mid-October, dragged down by nervousness around U.S.-China trade relations and hints of weakn...

Dollar Heads For Weekly Decline as Data and Trade Tensions Weigh...
Friday, 6 December 2019 08:19 WIB

The dollar nursed a week of losses on Friday, hit by nervousness on trade and mixed signals about the U.S. economy, while the British pound stood tall as bets firmed that Prime Minister Boris Johnson ...

Dollar Edges Lower Amid Mixed Messages on Trade...
Thursday, 5 December 2019 15:21 WIB

The dollar edged lower against a basket of its rivals on Thursday as mixed messages on trade from U.S. President Donald Trump tempered hopes that China and the U.S. may soon reach an agreement to end ...

LATEST NEWS
Hong Kong Stocks Close Flat (Review)

Hong Kong finished flat on Monday as weak Chinese trade data offset a forecast-beating jobs report from the US that eased concerns about the world's top economy. The Hang Seng index edged down 3.64 points to 26,494.73. The benchmark Shanghai...

Dow sinks 105 points as health-care selling and worries about China's economy weigh on market

U.S. stocks ended solidly lower Monday as buying appetite abated, following economic reports that pointed to weakness in China's economy, highlighting worries about a global economic recession. Health-care shares, meanwhile, also weighed on the...

Oil slips as weak China export data weighs

Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing. Brent futures fell...

POPULAR NEWS
Gold Holds Drop as Equities Rally on Solid U.S. Jobs
Monday, 9 December 2019 09:27 WIB

Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven...

FBI Investigating Shooting at US Naval Base as Terrorism
Monday, 9 December 2019 11:07 WIB

The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday. Rachel Rojas, special...

Gold Steadies With Fed and Tariffs in Focus This Week
Monday, 9 December 2019 18:01 WIB

Gold steadied after a drop on Friday as traders turned their focus to upcoming central bank policy meetings. Spot gold edged 0.2% higher to...

Hong Kong: Stocks Edged Up at Monday's Open
Monday, 9 December 2019 09:15 WIB

Hong Kong stocks edged up at the start of business on Monday following a blockbuster US jobs report and on lingering hopes for the China-US trade...