Kontak Perkasa - Bloomberg (17/10) -- The dollar and
euro climbed to a three-week high versus the yen as the Senate voted in
favor of a deal to end a U.S. government shutdown and raise the debt
limit, damping demand for haven assets.
The yen dropped versus major peers as Asian stocks rose. The greenback maintained yesterday losses versus higher-yielding currencies such as New Zealand’s with markets gauging the impact of the recent impasse on economic growth and prospects for the Federal Reserve to taper stimulus. Policy makers including Fed Bank of New York President William Dudley speak today. Australia’s dollar reached a four-month high before a Chinese report tomorrow forecast to show growth accelerated. “The yen is going to be under a little bit of pressure,” said Emma Lawson, the Sydney-based senior currency strategist at National Australia Bank Ltd. “There is still some uncertainty because the deal is effectively just kicking the problem down the road.” The dollar gained 0.1 percent to 98.89 yen as of 9:10 a.m. in Tokyo and touched 99.01, the most since Sept. 27. It rose 0.1 percent to $1.3523 per euro. Europe’s common currency was little changed at 133.70 yen after touching 133.84, the strongest level since Sept. 26. New Zealand’s currency was little changed at 84.24 cents following yesterday’s 0.5 percent advance. The Senate voted 81-18 to halt the 16-day shutdown and raise the borrowing limit. The House of Representatives plans to vote next and President Barack Obama supports the agreement. |
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 8:38 AM
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