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Dollar gains against yen as Fed policy, debt ceiling in focus

BY Reuters  • May 22, 2023May 22, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Monday, holding just below a six-month high, as investors waited on fresh data to signal whether the U.S. Feder[...]
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NZ central bank to hike by 25 bps, risk grows of higher peak for rates

BY Reuters  • May 22, 2023May 22, 2023
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to deliver a 25-basis point hike on Wednesday, but the focus will be on whether the policy rate will peak at a highe[...]
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Asia Australia Business Economy

Australian PM backs G7 on ‘de-risking’ trade with China

BY Reuters  • May 21, 2023May 21, 2023
SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Sunday that he backed a Group of Seven (G7) joint statement out of Japan stressing the need to ease reliance on trade with C[...]
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Asia Australia Business Economy Politics

G7 leaders agree to new initiative to fight economic coercion

BY Reuters  • May 20, 2023May 20, 2023
TOKYO (Reuters) – Group of Seven leaders on Saturday agreed to a new initiative to counter economic coercion, and pledged action to ensure that any actors attempting to weaponise economic depend[...]
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Wall Street closes down, dollar dips as debt ceiling talks stall

BY Reuters  • May 19, 2023May 20, 2023
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower and the dollar lost ground on Friday as negotiations to raise the U.S. debt ceiling were put on hold, jarring market participants as[...]
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Asia Australia Business Economy Europe Updated US

US dollar skids as Fed’s Powell hints at June pause, debt talks stall

BY Reuters  • May 19, 2023May 19, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance, contrary to market expectations, saying th[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Wall Street ends higher, dollar climbs on solid data, debt ceiling progress

BY Reuters  • May 18, 2023May 18, 2023
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart Inc raised its sales outlook and strong economic da[...]
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Asia Australia Business Economy Europe Updated US

US dollar hits seven-week high, bolstered by data, debt ceiling hopes

BY Reuters  • May 18, 2023May 18, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to seven-week peaks on Thursday as another round of solid economic data further pared back bets on easing by the Federal Reserve,[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Six Pacific countries at high risk of debt distress – World Bank

BY Reuters  • May 18, 2023May 18, 2023
WELLINGTON (Reuters) – Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday[...]
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