The Canadian dollar rose
against the greenback on Wednesday as worries about the
potential collapse of property developer China Evergrande
receded and domestic data showed that factory sales likely ...
* Increase shows the SNB trying to moderate franc strengthening. * Swiss Q2 current account surplus widens to 10.5 billion francs. By John Revill. The Swiss National Bank appeared to increase its foreign currency interventions during the second quarter, although the level of purchases was far lower than a year earlier, when it was fighting to stop the Swiss franc from appreciating too much.
Sterling fell to a one-month low on Wednesday as investors pushed back expectations of a rate hike by the Bank of England after a flurry of weak data. In early London trade, the British currency eased 0.1% to $1.3636, with more losses expected after it dropped below a low of $1.364 hit on Monday, according to analysts.
Risk-sensitive currencies such as the Australian dollar and Chinese yuan jumped and the safe-haven yen eased slightly on Wednesday after Chinese property giant Evergrande said it would make an upcoming yuan bond coupon payment, allaying immediate fears of a default.
A look at the day ahead from Dhara Ranasinghe. Relief is at hand for markets on Wednesday, after China's Evergrande said it would make a domestic bond coupon payment. U.S. stock futures, the yuan and the risk-sensitive Australian dollar are riding high, while the safe-haven yen and U.S. Treasuries are on the back foot.
A look at the day ahead from Dhara Ranasinghe. Relief is at hand for markets on Wednesday, after China's Evergrande said it would make a domestic bond coupon payment. U.S. stock futures, the yuan and the risk-sensitive Australian dollar are riding high, while the safe-haven yen and U.S. Treasuries are on the back foot.
The U.S. dollar was choppy on the heels of the latest policy announcement by the Federal Reserve on Wednesday, while risk-sensitive currencies such as the Australian dollar and Chinese yuan strengthened after China's Evergrande said it would make a bond coupon payment.
The Australian dollar jumped and
the safe-haven yen eased slightly on Wednesday after struggling
Chinese property giant Evergrande said it would make
an upcoming bond coupon, allaying immediate fears ...
A gauge of global stock markets ended solidly higher and the U.S. dollar strengthened on Wednesday after the Federal Reserve cleared the way for the central bank to reduce its monthly bond purchases soon, while easing market jitters around property developer China Evergrande (EGRNF) helped risk appetite.
The dollar held below a near one-month high on Wednesday as investors focused on two key risks -- a default by Chinese property developer Evergrande and the expected pace of U.S. monetary policy tightening.
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