* China Evergrande (EGRNF) settles interest payments on bond. * MSCI global stock index regains ground for 2nd day. * Wall Street, European markets post solid gains. * Oil prices gain, US 10-yr yield little changed. * Fed policy decision later on Weds in focus. By Lewis Krauskopf and Tom Wilson.
The U.S. dollar slipped ahead of a policy announcement by the Federal
Reserve on Wednesday, while risk-sensitive currencies such as the Australian dollar and Chinese yuan
strengthened after ...
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.
By Chuck Mikolajczak. The U.S. dollar slipped ahead of a 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 ...
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