* Chinese yuan matched earlier a six-day low vs dollar. * Pound weaker against the euro, stable vs dollar. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. By Olga Cotaga.
Greece's current account balance
showed a larger surplus in June compared to the same month last
year, on the back of a smaller trade gap and a stronger
services surplus, the Bank of Greece ...
* Dollar buoyant with U.S. yields bouncing from 3-year lows. * Easing risk aversion weighs on yen, Swiss franc. * China sets new lending reference rate touch lower, yuan dips. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. By Shinichi Saoshiro.
* Dollar buoyant with U.S. yields bouncing from 3-year lows. * Easing risk aversion weighs on yen, Swiss franc. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. By Shinichi Saoshiro. The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds.
Senior White House officials are discussing the possibility of a temporary payroll tax cut in an effort to boost the economy in the face of a potential slowdown, the Washington Post reported on Monday, citing three people familiar with the discussions. The talks are in the early stages, the Post reported, and officials have not decided whether to ask Congress to approve a cut.
The Canadian dollar weakened to
a four-day low against its U.S. counterpart on Monday, despite
increasing oil prices, as the greenback rallied broadly on
rising global risk appetite.
Turkey's Central Bank said on Monday that it was reducing the required reserves ratio for banks with loan growth rates above 10% and raising the return on those reserves. It said the move was aimed at ensuring that reserve requirements were used more flexibly and effectively.
Turkey's Central Bank said on Monday that it had changed the ratio of and remuneration applied to required reserves, with the intention of using reserve requirements more flexibly and effectively. For banks with 10-20% loan growth, the reserve requirement ratios for Turkish lira liabilities will be set at 2%, it said.
U.S. Commerce Secretary Wilbur Ross on Monday added to a chorus of presidential officials downplaying concerns over a looming recession after the U.S. Treasury yield curve temporarily inverted last week for the first time in 12 years. "Eventually there'll be a recession but this inversion is not as reliable, in my view, as people think," Ross said in an interview with Fox Business Network.
Commerce Secretary Wilbur Ross said on Monday that the Trump administration was not happy with how Federal Reserve monetary policy was helping the U.S. dollar stay strong. Asked on Fox Business Network whether a strong dollar would adversely affect the economy, Ross said, "We're very upset about the portion of the strength of the dollar that's due to monetary policy by the Fed."
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