By Gregor Stuart Hunter <\/p>\n
SINGAPORE, Oct 13 (Reuters) – The dollar retreated in Asian trade on Tuesday after a holiday in some US markets, while bond yields and oil prices eased, accompanied by a slide in global stocks. <\/p>\n
The US \u200cdollar index of the greenback’s strength against a basket of six currencies, slid 0.2% to 102.39, stumbling as it \u200capproached its highest since April last year. <\/p>\n
“There are some signs that positive global economic surprises are coming off the boil, while US bond yields are stabilising,” \u200bMUFG analysts wrote in a note. <\/p>\n
The yield on the US 10-year Treasury bond was down 5 basis points at 5.192% as trading resumed after Monday’s bond market holiday. <\/p>\n
Brent crude futures fell 1.4% to $105.20 as traders weighed the prospect of more diesel supplies from Russia, amid an elusive “energy truce” between Moscow and Kyiv declared by US President Donald Trump. <\/p>\n
However, the step has brought little respite from attacks on energy infrastructure in \u200cUkraine. Supply risks also kept in focus in the \u2060Middle East after recent attacks on Saudi Arabia. <\/p>\n
The reversal in energy costs and climbing US Treasury bond yields undermined some of the dollar’s recent strength against major peers, with no sign of a safe-haven \u2060dash for the greenback as equity markets sold off. <\/p>\n
The euro appreciated 0.2% to $1.1177 on Tuesday, while the British pound was up 0.1% at $1.3219. <\/p>\n
The yen strengthened 0.2% to 158.215 yen against the dollar after Bank of Japan data showed wholesale prices rose 6.8% in the year to September, missing a median \u200bmarket \u200bforecast of 7.6% but still enough to justify market fears of higher \u200binterest rates. <\/p>\n
The Chinese yuan traded near its strongest \u200cin four years, holding steady against the dollar at 6.6961 yuan in offshore trade. <\/p>\n
The Australian dollar was level at $0.6960, little changed after the release of minutes from the Reserve Bank of Australia’s September board meeting that voted unanimously to raise rates for the fourth time this year. <\/p>\n
The central bank said it still sees risks that inflation could prove more stubborn than assumed, leaving the door open for a fifth hike this year if needed. <\/p>\n
“The minutes … confirmed that the decision … was underpinned by the Board’s view that some of \u200cthe upside risks to inflation it had previously identified were materialising,” Capital Economics \u200banalysts wrote in a note. <\/p>\n
The New Zealand dollar was up 0.1% at $0.5589, pulling \u200baway from an 18-month low. <\/p>\n
Market attention now turns to \u200bWednesday’s US CPI report, which analysts expect to reinforce expectations for further monetary tightening. <\/p>\n
Traders expect the Federal \u200cReserve to sit on its hands at its next \u200btwo-day meeting later this month. <\/p>\n
Fed funds \u200bfutures are pricing an implied 80.6% probability that the US central bank will remain on hold, down from 82.3% on Friday, the CME Group’s FedWatch tool showed. <\/p>\n
“Several Fed officials have pushed back against a back-to-back hike at the October 28 FOMC \u200bmeeting, potentially limiting the USD’s upside,” DBS \u200canalysts wrote in a note. <\/p>\n
“Stubborn inflation also carries political costs for Republicans by reinforcing voters’ frustration with the cost \u200bof ahead of the November 3 US midterm elections.” <\/p>\n
Bitcoin was down 0.4% at $82,705.08, while ether slid 1.4% to $2,481.40. <\/p>\n
(Reporting \u200bby Gregor Stuart Hunter; Editing by Muralikumar Anantharaman and Clarence Fernandez) <\/p>\n","protected":false},"excerpt":{"rendered":"By Gregor Stuart Hunter SINGAPORE, Oct 13 (Reuters) – The dollar retreated in Asian trade on Tuesday after…\n","protected":false},"author":2,"featured_media":880433,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[5097,28,122,101,939,2993,2994,32455,2995,932,112,32456,20112,147,9323,1170,1666,6480,2996,2997,923,19533,3733,32457],"class_list":["post-880432","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-401k","tag-business","tag-business-news","tag-economy","tag-finance","tag-financial-information","tag-investing","tag-investment-tools","tag-investor","tag-market-news","tag-markets","tag-mortgage","tag-mutual-funds","tag-personal-finance","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/880432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=880432"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/880432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/880433"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=880432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=880432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=880432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}