شركة رقمي
نقل من موقع 
* Rise in 10-year U.S. yields increase allure for Japan
investors
* Two-year yields drop as traders cut bets for early Fed
lift-off
* Dollar hurt as other central banks seen outpacing Fed
tightening
* Safe-haven yen, dollar out of favour amid global equity
rally
* Aussie, kiwi gain to multi-month peaks; bitcoin near
record high
By Kevin Buckland
TOKYO, Oct 20 (Reuters) - U.S. bonds drove currencies on
Wednesday, with a rise in long-term rates pushing the dollar to
an almost four-year high on the yen, but a decline in
shorter-dated yields putting it on the back foot against most
other major peers.
The dollar and yen were also under pressure from a global
equity rally that sapped demand for assets regarded as safe
havens.
The dollar climbed as high as 114.585 yen for the
first time since November 2017, with benchmark 10-year Treasury
yields touching a fresh five-month high at 1.6630% in Asia.
Higher long-term U.S. yields increase the allure of those assets
to Japanese investors.
However, two-year Treasury yields hovered around 0.4016%
after retreating sharply overnight from Monday"s 19-month high
of 0.4480%, signalling a scaling back of bets for early Federal
Reserve interest rate hikes.
That contrasted to a rise this week in bets on faster rate
increases in the U.K. and New Zealand, which also pulled up
expectations in neighbours like the euro zone and Australia.
The risk-sensitive Aussie and New Zealand dollars touched
fresh multi-month highs on Wednesday, and cryptocurrency bitcoin
hovered close to an all-time high.
"Risk sentiment remains in the ascendancy," while "a
fall-back in front-end U.S. yields, so symptomatic of a slight
paring back in expectations for when Fed rates "lift-off" might
occur," dealt the dollar a double-whammy, Ray Attrill, head of
FX strategy at National Australia Bank in Sydney, wrote in a
research note.
At the same time, markets are coming to "the - highly
belated - realisation that whether the Fed raises (its policy)
rate in 2022 or not until later, other central banks are getting
in ahead of them ... with the Bank of England likely next cab
off the rank as early as next month," Attrill said.
The dollar index - which measures the greenback
versus six rivals, including the yen - slipped 0.12% to 93.698,
dropping back toward Tuesday"s low at 93.501, the weakest level
this month.
Just last week it hit a one-year high of 94.563 as traders
priced in a tapering of Fed stimulus as soon as next month,
followed by rate hikes next year.
The U.S. economic outlook got a little less rosy on Tuesday
after data showed that U.S. homebuilding unexpectedly fell in
September and permits dropped to a one-year low amid acute
shortages of raw materials and labour, supporting expectations
that economic growth slowed sharply in the third quarter.
The euro added 0.15% to $$1.1649 from Tuesday,
when it jumped as high as $1.1670 for the first time since Sept.
29.
Sterling rose 0.16% to $1.3810 after touching a
one-month peak of $1.3834 in the previous session.
The Aussie traded 0.31% higher at $0.7500, after
touching the highest since July 7 at $0.7505.
New Zealand"s kiwi dollar climbed 0.32% to $0.7177,
and earlier reached $0.7179 for the first time since June 11.
Bitcoin weakened slightly to just below $64,000
after touching a six-month high of $64,499 on Tuesday, close to
its record peak at $64,895.22.
In the equities space, Asia-Pacific stocks extended a global
rally on Wednesday, with an index of regional shares
adding 0.51%.
"The move in equities has seen the USD and JPY shunned,"
Chris Weston, head of research at brokerage Pepperstone in
Melbourne, wrote in a client note.
"It"s really just pick a JPY cross and see the "rip your
face off" move," he said. "This is a momentum play here and
timing the pullback in JPY crosses is key, but it doesn"t feel
like we"re going to see a rush to cover JPY shorts anytime soon
in this dynamic."
========================================================
Currency bid prices at 0444 GMT
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar $1.1649 $1.1632 +0.15% -4.65% +1.1650 +1.1628
Dollar/Yen 114.5450 114.4000 +0.08% +10.84% +114.6950 +114.4700
Euro/Yen
مشاركة :
