Dollar dips versus yen as growth concerns shake confidence

The dollar fell against the yen on Thursday as growing investor aversion to riskier assets hit equities and pushed down U.S. Treasury yields. Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth. U.S. Treasury yields fell, pressuring the dollar. “Lower Treasury yields are driving the dollar lower against the yen. The euro lost 0.42 percent to 127.85 yen, the Australian do


The dollar fell against the yen on Thursday as growing investor aversion to riskier assets hit equities and pushed down U.S. Treasury yields. Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth. U.S. Treasury yields fell, pressuring the dollar. “Lower Treasury yields are driving the dollar lower against the yen. The euro lost 0.42 percent to 127.85 yen, the Australian do
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Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: matt cardy, getty images
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Dollar dips versus yen as growth concerns shake confidence

The dollar fell against the yen on Thursday as growing investor aversion to riskier assets hit equities and pushed down U.S. Treasury yields.

The U.S. currency dropped 0.45 percent to 112.68 yen, handing back its modest gains made overnight.

Global equity markets have been shaken and the dollar fell this week after an inversion in a part of the U.S. Treasury yield curve triggered market concerns about economic growth.

Adding to the jitters on Thursday was the arrest in Canada of a top executive of Chinese tech giant Huawei Technologies, fanning fears of a flare-up in tensions between China and the United States just as the two sides are supposed to be resuming trade negotiations.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.93 percent and Japan’s Nikkei lost more than 2 percent.

U.S. Treasury yields fell, pressuring the dollar.

“Lower Treasury yields are driving the dollar lower against the yen. It is difficult to pinpoint how much funds investors have transferred from equities to bonds in the recent risk aversion and it is too early to call a bottom for Treasury yields,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities.

The 10-year Treasury yield last stood at 2.8829 percent.

Signals from the Federal Reserve last week that it may be nearing an end to its three-year rate hiking cycle have helped trigger the slide in Treasury yields.

The spread between the two-year and five-year Treasury yields inverted this week and the two-year/10-year spread was at its flattest in more than a decade amid a sharp fall in long-term rates.

A flatter curve is seen as an indicator of a slowing economy, with lower longer-dated yields suggesting a potential recession down the road.

“The dollar could remain under pressure until this month’s Fed meeting as long-term Treasury yields may not be able to mount a rebound until the market sees the Fed’s stance on policy and the economy,” said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.

“The recent reaction to the U.S. yield curve inversion appears a little hysterical, but the dollar will not be given the all clear sign until the Fed meeting is hurdled.”

Fed policymakers are still widely expected to raise interest rates again at their Dec 18-19 meeting, but the market focus is on how many rate hikes will follow in 2019.

The yen, often sought in times of market unrest, made strides against other peers as well.

The euro lost 0.42 percent to 127.85 yen, the Australian dollar slumped 1.02 percent to 81.44 yen and the pound fell 0.55 percent to 143.33 yen.

The euro was little changed at $1.1346 after retreating from this week’s high of $1.1419 scaled on Tuesday.

The Australian dollar, sensitive to swings in risk sentiment, was down 0.58 percent at $0.7226.

The Aussie was already on a shaky footing after shedding nearly 1 percent the previous day on weaker-than-expected third quarter Australian gross domestic product data.

The pound was a shade lower at $1.2723.

Sterling had sunk to a 17-month low of $1.2659 at one point on Tuesday after parliamentary setbacks for Prime Minister Theresa May.

— CNBC contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: matt cardy, getty images
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Dollar steady in safe-haven trade, sterling gains slightly on Brexit deal news

European Union leaders sealed a Brexit pact on Sunday calling it the ‘best possible’ deal that Britain could have got. The yen traded with a strong bias in early Asian trade on Monday. This interest rate differential between U.S. and Japanese bonds makes the dollar a more attractive bet than the yen. Analysts also believe another factor supporting the dollar is Japanese investors remaining heavily invested in U.S. and other foreign assets. The New Zealand dollar lost 0.3 percent to trade at $067


European Union leaders sealed a Brexit pact on Sunday calling it the ‘best possible’ deal that Britain could have got. The yen traded with a strong bias in early Asian trade on Monday. This interest rate differential between U.S. and Japanese bonds makes the dollar a more attractive bet than the yen. Analysts also believe another factor supporting the dollar is Japanese investors remaining heavily invested in U.S. and other foreign assets. The New Zealand dollar lost 0.3 percent to trade at $067
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Dollar steady in safe-haven trade, sterling gains slightly on Brexit deal news

The dollar rose versus its major peers on Monday, as investors sought shelter in safe haven currencies as fears of a global growth slowdown and U.S.-Sino trade tensions grappled risk appetite.

The greenback and the yen, both considered safe haven currencies advanced as traders fear that last week’s capitulation in oil prices suggests that the global economic recovery is losing steam.

The British pound changed hands at $1.2819, gaining 0.05 percent versus the dollar. European Union leaders sealed a Brexit pact on Sunday calling it the ‘best possible’ deal that Britain could have got.

A vote in the British parliament vote is expected to take place just before the next EU summit on Dec. 13-14. Most analysts expect sterling to be subdued till then.

With Brexit settled for now, currency traders are looking to the upcoming G-20 meeting in Buenos Aires on Nov.30, where President Trump and President Xi are likely to discuss trade.

Investors are hoping a workable deal can out of the summit because if not, Washington’s 10 percent tariff rate on $200 billion of Chinese imports will rise by early next year to 25 percent.

Trump has threatened to impose tariffs on all remaining Chinese imports – about $267 billion more in goods – if Beijing fails to address U.S. demands.

“If there is some sort of truce which comes out of this deal, we will see money coming out of the safe haven dollar,” added Catril.

“This would bode well for the riskier currencies such as the Aussie, kiwi dollar and the Asian emerging market currencies.”

The yen traded with a strong bias in early Asian trade on Monday. The Japanese currency traded within a very tight range of less than 100 pips last week.

The dollar is expected to remain in an uptrend against the yen, with the Fed on a monetary tightening path while the Bank of Japan remains committed to its ultra-loose monetary policy due to low growth and inflation.

This interest rate differential between U.S. and Japanese bonds makes the dollar a more attractive bet than the yen.

Analysts also believe another factor supporting the dollar is Japanese investors remaining heavily invested in U.S. and other foreign assets.

The euro traded marginally lower at $1.1335. The single currency lost 0.7 percent versus the greenback last week as traders reacted to weak economic data out of the common area.

The ongoing tussle between Rome and Brussels over Italy’s free-spending budget, which breaks the European Commission’s fiscal rules, has also put the euro under pressure.

However, Italian Deputy Prime Minister Matteo Salvini hinted on Sunday at the possibility of tweaking the country’s deficit goal for next year, a move that could open a negotiation between Rome and Brussels to avoid a disciplinary procedure against Italy.

There will be increased focus on ECB President Draghi’s appearance at the European parliament on Monday, with markets expecting to take dovish tone given the weakness in recent economic data.

“The ECB’s quantitative easing programme is set to finish up next month and we think the hurdle to extend the programme is exceptionally high,” said Nick Smyth, interest rate strategist at BNZ Markets in a note.

The New Zealand dollar lost 0.3 percent to trade at $06760 as investors took in weaker-than-expected retail sales data.


Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: matt cardy, getty images
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EU struggles to agree on Gibraltar before Brexit summit

European Union negotiators meet on Friday to try to clear the last hurdle before a Sunday summit is due to endorse the Brexit deal, but Spain’s eleventh-hour objections over Gibraltar mean the final text could not be ready until the last minute. Spanish Prime Minister Pedro Sanchez said on Thursday that Spain will veto the draft deal on Britain’s exit from the European Union, if there are no changes made. If there are no changes, we will veto Brexit”, Sanchez said in a tweet. Under EU rules, the


European Union negotiators meet on Friday to try to clear the last hurdle before a Sunday summit is due to endorse the Brexit deal, but Spain’s eleventh-hour objections over Gibraltar mean the final text could not be ready until the last minute. Spanish Prime Minister Pedro Sanchez said on Thursday that Spain will veto the draft deal on Britain’s exit from the European Union, if there are no changes made. If there are no changes, we will veto Brexit”, Sanchez said in a tweet. Under EU rules, the
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EU struggles to agree on Gibraltar before Brexit summit

European Union negotiators meet on Friday to try to clear the last hurdle before a Sunday summit is due to endorse the Brexit deal, but Spain’s eleventh-hour objections over Gibraltar mean the final text could not be ready until the last minute.

Four months before Britain leaves the EU, the legal divorce treaty and an accompanying political declaration on the two sides’ future ties are ready to be rubber-stamped by British Prime Minister Theresa May and the leaders of the 27 union states staying on together after Brexit.

Spain has asked for changes to the withdrawal treaty and the declaration on a new EU-UK relationship to make clear any decisions about the disputed British overseas territory of Gibraltar would only be taken in direct talks with Madrid.

Spanish Prime Minister Pedro Sanchez said on Thursday that Spain will veto the draft deal on Britain’s exit from the European Union, if there are no changes made.

“After my conversation with Theresa May, our positions remain far away. My government will always defend the interests of Spain. If there are no changes, we will veto Brexit”, Sanchez said in a tweet.

Under EU rules, the withdrawal treaty is adopted by qualified majority and not unanimity, so a single state cannot block it. EU leaders, however, seek unity on this most politically sensitive matter.


Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: matt cardy, getty images news, getty images
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Safe-haven dollar dips as risk appetite improves, euro strengthens

The dollar had been actively bid over the last two trading sessions as risk appetite receded on fears over a global growth slowdown and the U.S.-Sino trade conflict. The dollar index, a measure of its value versus six major peers, eased 0.1 percent to 96.62 on Thursday. The Japanese yen changed hands at 113, relatively unchanged for the day, after weakening over the last two trading sessions versus the dollar. The euro gained 0.12 percent versus the dollar to trade at $1.1397. The Australian dol


The dollar had been actively bid over the last two trading sessions as risk appetite receded on fears over a global growth slowdown and the U.S.-Sino trade conflict. The dollar index, a measure of its value versus six major peers, eased 0.1 percent to 96.62 on Thursday. The Japanese yen changed hands at 113, relatively unchanged for the day, after weakening over the last two trading sessions versus the dollar. The euro gained 0.12 percent versus the dollar to trade at $1.1397. The Australian dol
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Safe-haven dollar dips as risk appetite improves, euro strengthens

The dollar drifted lower in Asian trade on Thursday as demand for safe haven currencies remained subdued after a rebound in global equities, while the euro strengthened on hopes for a resolution of Italy’s budget dispute.

The dollar had been actively bid over the last two trading sessions as risk appetite receded on fears over a global growth slowdown and the U.S.-Sino trade conflict.

The dollar index, a measure of its value versus six major peers, eased 0.1 percent to 96.62 on Thursday. The index lost 0.13 percent in the previous trading session.

Analysts believe the medium-term direction of the dollar will be decided by the monetary tightening path of the Federal Reserve.

The Fed is expected to announce its fourth rate hike of 2018 in December, but investors are beginning to question how many rate hikes the Fed can implement next year without risking a slowdown in the U.S., which has held up well so far even as borrowing costs have risen.

According to a Reuters poll published on Tuesday, a median of analysts’ forecasts show three more increases next year, taking the federal funds rate to 3.00-3.25 percent by end-2019. But the third rate rise is a close call.

The poll also showed economists have increased the probability of a U.S. recession in the next two years to a median 35 percent.

“The Fed is widely expected to hike in December.. but this meeting is getting a lot more focus as market is looking for any change in forward guidance,” said Sim Moh Siong, currency strategist at Bank of Singapore.

Sim added that while Bank of Singapore’s house view was still for the Fed to hike four times in 2019, any change in the policymakers’ ‘dot plot’ projections would prompt significant repricing in the markets.

Last week, Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan raised concerns over a potential global slowdown that has markets betting heavily that the rate-hike cycle is on its last legs, even as the senior central bankers still signaled further interest rate increases ahead.

The Japanese yen changed hands at 113, relatively unchanged for the day, after weakening over the last two trading sessions versus the dollar.

Analysts expect dollar/yen to trade in the 111.5-114 range and move with the U.S. 10-year treasury bond yields.

While the Fed is on a monetary tightening path, the Bank of Japan looks set to maintain its ultra loose monetary policy for some time due to low growth and inflation. This interest rate differential between U.S. and Japanese bonds makes the dollar a more attractive bet than the yen.

The euro gained 0.12 percent versus the dollar to trade at $1.1397. The single currency gained 0.1 percent on Wednesday despite the European Union rejecting Italy’s fiscal plans for failing to comply with euro zone rules.

Traders were relieved after Italian Prime Minister Giuseppe Conte expressed concern about the government bond spread and pledged reforms.

The euro has risen in six out of the last seven sessions but analysts said it remained vulnerable to political risks from Italy.

“The situation remains pretty tense but there are incentives from both sides to reach a compromise. ..that’s why the market remains hopeful,” added Sim.

The next cue for euro traders would be PMI data from France and Germany due on Friday.

Elsewhere, the British pound was little changed at $1.2775 as traders await clarity on the progress of a Brexit agreement.

“Until an agreement is reached, sterling will remain under pressure because with each passing day, the risk of a no deal Brexit grows,” said Kathy Lien, managing director of currency strategy at BK Asset Management in a note.

The Australian dollar, often considered a gauge for risk appetite, lost 0.17 percent to quote at $0.7249 as Asian equities trimmed earlier gains.


Company: cnbc, Activity: cnbc, Date: 2018-11-22  Authors: matt cardy, getty images
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Dollar bulls wary after cautious Fed comments, weak homebuilder report

The dollar index, a gauge of its value versus six major peers, traded marginally lower at 96.17 on Tuesday. “William’s comments are justified but are not as dovish as the comments made by Clarida and Kaplan last week. Attrill added that safe-haven buying can return to the dollar if global equities keep correcting and their volatility continues to rise. “If we see the VIX (volatility index) at 25, I would expect the dollar to pick up steam.” The pound is seen likely to trade sideways until the ma


The dollar index, a gauge of its value versus six major peers, traded marginally lower at 96.17 on Tuesday. “William’s comments are justified but are not as dovish as the comments made by Clarida and Kaplan last week. Attrill added that safe-haven buying can return to the dollar if global equities keep correcting and their volatility continues to rise. “If we see the VIX (volatility index) at 25, I would expect the dollar to pick up steam.” The pound is seen likely to trade sideways until the ma
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Dollar bulls wary after cautious Fed comments, weak homebuilder report

The dollar hovered near a two-week low against its peers on Tuesday as cautious comments by Federal Reserve officials over the global outlook and weak data at home raised questions over whether the U.S. central bank will slow down its rate increases.

Overnight, New York Fed President John Williams told a Q&A event that “We will be likely raising interest rates somewhat, but it is really in the context of a very strong economy.”

Williams noted that the Fed is not on a pre-set course and will adjust monetary policy to keep the economy strong with low inflation.

Last week, Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan raised concerns over a potential global slowdown that has seen markets betting heavily that the rate-hike cycle is on its last legs, even as the senior Fed officials signaled more interest rate increases.

The Fed executives’ remarks led some traders to question whether the dollar’s rally was nearing its end, with the benchmark U.S. 10 year treasury yields pulling back slightly.

The dollar index, a gauge of its value versus six major peers, traded marginally lower at 96.17 on Tuesday. The index fell nearly half a percent last week, its biggest weekly drop since late September.

However, some analysts believe the dollar can stage a comeback.

“William’s comments are justified but are not as dovish as the comments made by Clarida and Kaplan last week. The market may rethink whether it read Friday’s comments as overly dovish which may lead to a reversal in dollar weakness,” said Ray Attrill, head of currency strategy at NAB.

Attrill added that safe-haven buying can return to the dollar if global equities keep correcting and their volatility continues to rise.

“If we see the VIX (volatility index) at 25, I would expect the dollar to pick up steam.” The index is currently at 20.10.

Economists polled by Reuters still expect the Fed will raise interest rates again next month and three times next year, but a strong majority say the risk is it will slow that pace down.

The greenback was also weighed by surprisingly weak housing data, which pushed down U.S. 10 year bond yields.

U.S. homebuilders’ sentiment recorded its steepest one-month drop in over 4-1/2 years, suggesting that rising borrowing costs are squeezing the real estate sector.

Goldman Sachs strategists said in an outlook for 2019 that the greenback may decline as much as 6 percent against major peers with the U.S. economy slowing as the boost from tax cuts and easy credit fades through the year.

The Japanese yen traded flat to quote at 112.55. It had hit 112.38 earlier in the trading session, its highest level in November. But analysts think that further strength in the yen is unlikely.

“We are not seeing Japanese investors retreat from the U.S. and foreign markets…flow numbers show that Japan remains close to fully invested abroad,” said Attrill.

“This gives support to dollar/yen.”

The yen has strengthened over the last two sessions as traders rushed to the currency in the uncertainty around U.S.-China trade talks, Brexit worries, and the Italian budget standoff.

Nonetheless, the euro was well bid in early Asian trade at $1.1456. The single currency has gained two percent versus the dollar over the last five trading sessions despite the ongoing standoff between the European Union and Italy over its free-spending budget, which breaks EU fiscal norms.

Analysts have been concerned about an economic slowdown in the euro area and will be keeping a close eye on the French and German manufacturing performance data later this week.

“Recent evidence suggests that the Eurozone economy is slowing and there’s a very good chance the PMIs will confirm that. However, the single currency could easily hit 1.1500 before the data is released,” said Kathy Lien, managing director of currency strategy at BK Asset Management in a note.

Meanwhile, sterling gained 0.1 percent to trade at $1.2860.

The pound is seen likely to trade sideways until the market gets more clarity on progress in the Brexit deal.

The Australian dollar traded marginally lower at $0.7289. Minutes of the Reserve Bank of Australia’s (RBA) November policy meeting on Tuesday showed policy makers expect above-trend growth this year and next, helped by interest rates at a record low 1.50 percent.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: matt cardy, getty images
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Spain threatens to vote no against Brexit deal because of Gibraltar

While controversy over a draft Brexit deal with the European Union continues to dominate the U.K.’s political agenda, the thorny subject of Gibraltar is upsetting Spain once again. Spain wants to make sure it is not left out of any future EU-U.K. talks on Gibraltar. Dominated by the Rock of Gibraltar, Gibraltar was ceded to the Brits in the early 1700s after being captured from Spain. Spain asserts a claim to Gibraltar although residents have rejected that in two separate referendums, the last o


While controversy over a draft Brexit deal with the European Union continues to dominate the U.K.’s political agenda, the thorny subject of Gibraltar is upsetting Spain once again. Spain wants to make sure it is not left out of any future EU-U.K. talks on Gibraltar. Dominated by the Rock of Gibraltar, Gibraltar was ceded to the Brits in the early 1700s after being captured from Spain. Spain asserts a claim to Gibraltar although residents have rejected that in two separate referendums, the last o
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Spain threatens to vote no against Brexit deal because of Gibraltar

While controversy over a draft Brexit deal with the European Union continues to dominate the U.K.’s political agenda, the thorny subject of Gibraltar is upsetting Spain once again.

Spain’s Prime Minister Pedro Sanchez said Spain will reject the draft Brexit withdrawal agreement, struck between the U.K. and EU last week, without a clarification of the text the will shape future talks on the status of Gibraltar — a tiny overseas territory with British sovereignty on the south coast of Spain.

The draft Brexit deal, or the “Withdrawal Agreement” as it’s officially known, covers a multitude of elements regarding the U.K.’s withdrawal from the EU, including citizens’ rights, the financial settlement and a transition period (of 21 months after March 2019 when Britain is scheduled to leave the EU) as well as protocols on Ireland, Gibraltar and Cyprus.

Spain wants to make sure it is not left out of any future EU-U.K. talks on Gibraltar. Sanchez tweeted Tuesday that any talks on Gibraltar’s status, after the transition period ends, must be held between Spain and the U.K.

It said these changes would have to be made on Sunday, when the European Council (the EU heads of state) meets for a special summit on Brexit.

Dominated by the Rock of Gibraltar, Gibraltar was ceded to the Brits in the early 1700s after being captured from Spain. The sovereignty of the territory has been a bone of contention between the U.K. and Spain ever since with various attempts by the Spanish to re-take the land.

Spain asserts a claim to Gibraltar although residents have rejected that in two separate referendums, the last one being in 2002. Then, the U.K. government proposed sharing sovereignty with Spain but, giving the people of Gibraltar a vote, 98.9 percent rejected the proposal.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: holly ellyatt, matt cardy, getty images news, getty images
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Sterling gripped by Brexit crisis; yen enjoys safety bid

Both the dollar and the yen benefited from a deepening crisis for UK Prime Minister Theresa May after the resignation of key ministers from her government imperilled her Brexit plan. The resignations, including that of Brexit minister Dominic Raab, came hours after May had claimed backing for a draft divorce deal. The safe-haven yen was well bid in Asian trade, changing hands at 113.34, as the Brexit turmoil drew investors toward the Japanese currency. The yen had hit a six-week low of 114.20 on


Both the dollar and the yen benefited from a deepening crisis for UK Prime Minister Theresa May after the resignation of key ministers from her government imperilled her Brexit plan. The resignations, including that of Brexit minister Dominic Raab, came hours after May had claimed backing for a draft divorce deal. The safe-haven yen was well bid in Asian trade, changing hands at 113.34, as the Brexit turmoil drew investors toward the Japanese currency. The yen had hit a six-week low of 114.20 on
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Sterling gripped by Brexit crisis; yen enjoys safety bid

The British pound struggled to stay afloat in Asian trade on Friday having suffered a tumultuous slide overnight, as investors feared political turmoil in the country could see it crash out of the European Union without a divorce deal.

Both the dollar and the yen benefited from a deepening crisis for UK Prime Minister Theresa May after the resignation of key ministers from her government imperilled her Brexit plan.

That left the sterling vulnerable to further losses. It was changing hands at $1.2792, barely holding steady after declining 1.7 percent on Thursday, its steepest percentage slide since Oct. 11 2016.

“Political troubles are never good for the currency but in the case of the UK, the pound could drop to 1.25 versus the dollar on the prospect of a no deal Brexit, leadership challenge and slower growth,” Kathy Lien, managing director of currency strategy at BK Asset Management said in a note.

The resignations, including that of Brexit minister Dominic Raab, came hours after May had claimed backing for a draft divorce deal. The hostility from government and opposition lawmakers raised the risk that the deal would be rejected in parliament, and that Britain could leave the EU on March 29 without a safety net.

May’s compromise plan, which seeks to maintain close trade ties with the EU in the future, is facing opposition from Brexiteers, pro-Europeans, the Northern Irish party that props up her government, and even some of her own ministers, thus raising the risks of her losing her job, of Britain leaving the bloc with no agreement or even another referendum.

Without a deal, the UK would move in March from seamless trade with the EU to customs arrangements set by the World Trade Organization for external states, which could cause panic in financial markets.

However, some analysts believe sterling bulls have a reason not to throw in their towel yet, noting there is a chance of another referendum with the choice between a hard Brexit and remaining in the EU.

A snap Sky News poll yesterday showed 55 percent in favour of another referendum, while 54 percent supported no Brexit, 32 percent a hard Brexit and only 14 percent May’s deal.

“A second referendum would likely result in clear vote to remain, a strongly positive outcome for GBP. With that in mind we think the upside tail has fattened more than the downside,” said Adam Cole, chief currency strategist at RBC in a note.

The euro tacked on 0.05 percent to trade at $1.1338. Investors were hopeful after reports out of Italy said that Italian Prime Minister Giuseppe Conte was looking to work with the EU over his government’s 2019 budget, which has been rejected by Brussels.

The single currency has gained over the last three trading sessions, but was up only 0.1 percent versus the dollar month to date, underscoring the strains from weakening economic momentum in Europe, Italian budget woes and the Brexit uncertainty.

The dollar index, a gauge of its value versus six major peers, was up 0.05 percent at 96.97, not far off a 16-month high of 97.69 hit at the start of the week.

Currency markets were also keeping an eye on the U.S.-Sino trade tensions as traders looked for concrete signs the economic powers were seeking to de-escalate their dispute.

A Financial Times report said U.S. Trade Representative Robert Lighthizer has told some industry executives that another round of U.S. tariffs on Chinese mports has been put on hold. But a U.S. Trade Representative spokesperson later denied this report.

“This is a clear sign of the tussle taking place between the doves and hawks in the trade camp..we will be hearing more of this till the upcoming G-20 meet,” said Sim Moh Siong, currency strategist at Bank of Singapore.

Most analysts forecast the dollar to remain well supported in coming months thanks to the Federal Reserve’s commitment to continue to gradually raise interest rates. A fourth hike for this year is expected next month, backed by a robust economy and rising wage pressures.

The safe-haven yen was well bid in Asian trade, changing hands at 113.34, as the Brexit turmoil drew investors toward the Japanese currency. The yen had hit a six-week low of 114.20 on Monday before reversing course.

The Australian dollar lost 0.14 percent at $0.7272 on Friday. The Aussie had gained 0.58 percent in the previous trading session on the back of stronger than expected jobs data.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: matt cardy, getty images
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Glued to your smartphone? Try these 6 techniques to take back control of your life

In this digital age, more of us are becoming increasingly attached to our smartphones. In fact, U.K. regulator Ofcom reported that the average Brit checks their smartphone every 12 minutes that they’re awake and 78 percent of those aged 25 to 34 admit that they can’t live without it. While these gadgets may help make day-to-day lives easier, several studies indicate that too much screen time and social media can negatively impact mental and physical health, including sleep and social interaction


In this digital age, more of us are becoming increasingly attached to our smartphones. In fact, U.K. regulator Ofcom reported that the average Brit checks their smartphone every 12 minutes that they’re awake and 78 percent of those aged 25 to 34 admit that they can’t live without it. While these gadgets may help make day-to-day lives easier, several studies indicate that too much screen time and social media can negatively impact mental and physical health, including sleep and social interaction
Glued to your smartphone? Try these 6 techniques to take back control of your life Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: alexandra gibbs, matt cardy, getty images news, getty images, colleen hayes nbc nbcu photo bank, nbcuniversal, paul bradbury, ojo images, paul sarkis nbc nbcu photo bank, jordan siemens
Keywords: news, cnbc, companies, uk, help, live, techniques, social, theyre, addiction, unplug, week, life, control, try, ways, glued, tips, smartphone


Glued to your smartphone? Try these 6 techniques to take back control of your life

In this digital age, more of us are becoming increasingly attached to our smartphones. In fact, U.K. regulator Ofcom reported that the average Brit checks their smartphone every 12 minutes that they’re awake and 78 percent of those aged 25 to 34 admit that they can’t live without it.

While these gadgets may help make day-to-day lives easier, several studies indicate that too much screen time and social media can negatively impact mental and physical health, including sleep and social interaction.

Entrepreneur and author Tanya Goodin has analyzed research on internet addiction and has offered ways to help people unplug. At 2018’s Stylist Live event in London last week, she shared a handful of tips on how to kick this addiction to the curb.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: alexandra gibbs, matt cardy, getty images news, getty images, colleen hayes nbc nbcu photo bank, nbcuniversal, paul bradbury, ojo images, paul sarkis nbc nbcu photo bank, jordan siemens
Keywords: news, cnbc, companies, uk, help, live, techniques, social, theyre, addiction, unplug, week, life, control, try, ways, glued, tips, smartphone


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Boris Johnson: UK is on the verge of ‘total surrender’ in Brexit talks

Former British foreign minister Boris Johnson accused Prime Minister Theresa May on Sunday of forcing through a deal that would keep the country locked in the European Union’s customs union after Brexit in what he described as a “total surrender”. “I really can’t believe it but this government seems to be on the verge of total surrender,” he wrote in his weekly column in the Telegraph newspaper. “I want you to savour the full horror of this capitulation … we are on the verge of signing up for


Former British foreign minister Boris Johnson accused Prime Minister Theresa May on Sunday of forcing through a deal that would keep the country locked in the European Union’s customs union after Brexit in what he described as a “total surrender”. “I really can’t believe it but this government seems to be on the verge of total surrender,” he wrote in his weekly column in the Telegraph newspaper. “I want you to savour the full horror of this capitulation … we are on the verge of signing up for
Boris Johnson: UK is on the verge of ‘total surrender’ in Brexit talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-11  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, boris, worse, wrote, union, minister, talks, brexit, johnson, theresa, verge, terms, uk, total, weekly, surrender, unions


Boris Johnson: UK is on the verge of 'total surrender' in Brexit talks

Former British foreign minister Boris Johnson accused Prime Minister Theresa May on Sunday of forcing through a deal that would keep the country locked in the European Union’s customs union after Brexit in what he described as a “total surrender”.

“I really can’t believe it but this government seems to be on the verge of total surrender,” he wrote in his weekly column in the Telegraph newspaper.

“I want you to savour the full horror of this capitulation … we are on the verge of signing up for something even worse than the current constitutional position. These are the terms that might be enforced on a colony.”


Company: cnbc, Activity: cnbc, Date: 2018-11-11  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, boris, worse, wrote, union, minister, talks, brexit, johnson, theresa, verge, terms, uk, total, weekly, surrender, unions


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British pound firms on reports of Brexit customs deal

The dollar lost ground against most of its major peers on Monday, as growing expectations of an orderly Brexit bolstered the pound, euro and broader global investor sentiment. Despite Brexit relief supporting risk appetite in currency markets, the UK’s Telegraph newspaper reported that significant hurdles still remain for the negotiation process. The pound retraced its intra-day high in early thin Asian trade, but was up 0.3 percent for the day. The positive sentiment around a smooth Brexit also


The dollar lost ground against most of its major peers on Monday, as growing expectations of an orderly Brexit bolstered the pound, euro and broader global investor sentiment. Despite Brexit relief supporting risk appetite in currency markets, the UK’s Telegraph newspaper reported that significant hurdles still remain for the negotiation process. The pound retraced its intra-day high in early thin Asian trade, but was up 0.3 percent for the day. The positive sentiment around a smooth Brexit also
British pound firms on reports of Brexit customs deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, pound, deal, dollar, traded, jobs, british, customs, reports, yuan, brexit, trade, euro, firms, currency, versus


British pound firms on reports of Brexit customs deal

The dollar lost ground against most of its major peers on Monday, as growing expectations of an orderly Brexit bolstered the pound, euro and broader global investor sentiment.

A Sunday Times report that an all-UK customs deal will be written into the agreement governing Britain’s withdrawal from the EU cheered investors who sent the pound to $1.3062 on Monday, the highest since Oct. 22.

The dollar index, a gauge of its value versus six major peers, traded marginally lower at 96.45 due to the gains in the euro and pound, which together make up around 70 percent of the index.

However, analysts think dollar strength will return as investors shift focus back to expectations for tighter U.S. monetary policy following stronger-than-expected economic data late last week. Analysts see the Federal Reserve on track to raise interest rates in December, followed by another two hikes by mid-2019.

Data released on Friday showed that U.S. jobs growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years.

“The jobs data has reaffirmed the dollar’s strength due to the rates differential factor going forward. The risk is that the markets may be caught surprised by a more hawkish Fed,” said Rodrigo Catril, senior currency strategist at NAB.

U.S. 10-year Treasury yields traded at 3.2 percent on Monday, having risen on Friday on the back of the jobs report.

That is expected to help the dollar firm against the safe haven Japanese yen, which traded flat at 113.18 on Monday. The dollar weakened by 0.66 percent versus the yen in the month of October as news flow around trade tensions, geopolitical risks and a global economic slowdown gave the Japanese currency a flight-to-safety bid.

“The dollar/yen will follow the U.S. 10 year yields higher. We don’t see much downside as of now,” added Catril.

Despite Brexit relief supporting risk appetite in currency markets, the UK’s Telegraph newspaper reported that significant hurdles still remain for the negotiation process.

The pound retraced its intra-day high in early thin Asian trade, but was up 0.3 percent for the day. It has lost 3.7 percent versus the greenback year to date.

The positive sentiment around a smooth Brexit also gave the euro a small bid in early Asian trade. The single currency gained 0.11 percent and changed hands at $1.1396.

The offshore yuan traded stronger versus the dollar at 6.8948. The yuan gained in the last two trading sessions versus the greenback in offshore trading, supported by rising hopes that trade tension between China and the United States will ease.


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, pound, deal, dollar, traded, jobs, british, customs, reports, yuan, brexit, trade, euro, firms, currency, versus


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