Dollar Touches Six-Month High Versus Yen Before Fed, BOJ Meet

Bloomberg (13/12) -- The dollar touched the highest in more than six months versus the yen, as traders bet on diverging monetary policy between the U.S. and Japanese central banks.

The greenback headed for a seventh weekly gain against the yen as the yield spread between Treasuries and Japanese government bonds approached the widest since April 2011. The Federal Reserve and the Bank of Japan both meet next week to set policy. The euro reached a five-year high against the yen, heading for a fifth weekly advance, before European Central Bank Vice President Vitor Constancio and executive board members Benoit Coeure and Peter Praet speak today. The dollar rose 0.1 percent to 103.52 yen as of 10:03 a.m. in Tokyo from yesterday, heading for a 0.6 percent gain this week. It earlier touched 103.66, the highest since May 22, when it reached 103.74, a level unseen since October 2008. The greenback was little changed at $1.3748 per euro, set for a 0.3 percent weekly decline. The shared currency advanced 0.1 percent to 142.34 yen, 0.9 percent stronger for the week, after touching 142.52, the most since October 2008.

 

Saham AS, Emas Dan Perak Jatuh Dengan Dollar Gain Terhadap Spekulasi The Fed

Bloomberg (13/12) - Saham-saham AS jatuh untuk hari ketiga, mengirimkan Indeks Standard & Poor 500 ke level terendah dalam sebulan, Treasuries turun dan dolar naik karena pertumbuhan penjualan ritel ditambahkan ke spekulasi bahwa Federal Reserve akan memperlambat kecepatan dari stimulus. Emas dan perak anjlok.

Indeks Standard & Poor 500 kehilangan 0,4 persen menjadi 1,775.50 pada pukul 4 sore di New York setelah meluncur 1,1 persen kemarin. Yield Treasury 10 - tahun menambahkan hampir tiga basis poin menjadi 2,88 persen. Index Dolar AS Bloomberg, yang mengukur mata uang terhadap 10 mitranya, naik 0,4 persen. Indeks Stoxx Europe 600 turun 1 persen ke level terendah sejak bulan Oktober dan Indeks MSCI Asia Pacific turun 1,2 persen. Emas turun lebih dari 2 persen dan perak merosot lebih dari 4 persen. Banyak ekonom yang memprediksikan The Fed akan memangkas pembelian obligasi secepatnya pada minggu depan dan data hari ini menunjukkan penjualan ritel AS meningkat lebih dari yang diperkirakan. Perekonomian dunia yang prima untuk ekspansi tercepat dalam empat tahun, dengan AS mendorong peningkatan pada output. ' Kami sudah banyak berita ekonomi yang cukup bagus akhir-akhir ini dan dalam menghadapi data yang kita lihat bahwa pasar mulai mencerna kegembiraan itu pada tahun 2013 yang lalu, ' Randy Bateman, yang mengawasi $ 15 miliar sebagai kepala investasi dari Huntington Asset Advisors di Columbus, Ohio, mengatakan melalui telepon. ' Banyak kemungkinan dalam mengantisipasi pengumuman FOMC minggu depan dan apakah berita ekonomi yang baik ini sudah cukup bagi The Fed untuk memulai proses taperingnya. '(frk)

 

U.S. Stocks Drop With Gold, Silver as Dollar Gains on Fed Bets

Bloomberg (12/12) -- U.S. stocks fell for third day, sending the Standard & Poor’s 500 Index to the lowest in a month, Treasuries declined and the dollar gained as growth in retail sales added to speculation the Federal Reserve will slow the pace of stimulus. Gold and silver tumbled.

The Standard & Poor’s 500 Index lost 0.4 percent to 1,775.50 at 4 p.m. in New York after sliding 1.1 percent yesterday. Treasury 10-year yields added almost three basis points to 2.88 percent. The Bloomberg U.S. Dollar Index, a gauge of the currency against 10 counterparts, climbed 0.4 percent. The Stoxx Europe 600 Index declined 1 percent to the lowest since October and the MSCI Asia Pacific Index slid 1.2 percent. Gold lost more than 2 percent and silver sank more than 4 percent. More economists predict the Fed will taper bond buying as soon as next week and data today showed U.S. retail sales increased more than estimated. The world economy is primed for its fastest expansion in four years, with the U.S. propelling the improvement in output. “We’ve had a lot of pretty good economic news lately and in the face of that data we’re seeing the market starting to digest the exuberance it has had in 2013,” Randy Bateman, who oversees $15 billion as chief investment officer of Huntington Asset Advisors in Columbus, Ohio, said by phone. “A lot of it might be in anticipation of the FOMC announcement next week and whether this good economic news is enough for the Fed to start its tapering process.”

 

Emas Jatuh Terbesar Dalam 10 Minggu Terhadap Pandangan Stimulus The Fed

Bloomberg (12/12) - Emas menutup penurunan terbesarnya dalam 10 minggu di New York, di tengah kekhawatiran bahwa Federal Reserve akan mengurangi pembelian obligasinya setelah anggota parlemen AS mencapai kesepakatan anggaran. Perak dan paladium juga jatuh.

Persetujuaan dua tahun anggaran AS berada di trek untuk memenangkan bagian di Kongres. Penjualan ritel Amerika naik 0,7 persen di bulan November, terbesar sejak bulan Juni, menurut data pemerintah hari ini. The Fed mungkin memulai memotong stimulus pada pertemuan tanggal 17-18 Desember mendatang, menurut 34 persen ekonom yang disurvei oleh Bloomberg tanggal 6 Desember, naik dari 17 persen pada 8 November. ' Perjanjian anggaran adalah faktor lain yang dapata bekerja dalam mendukung Federal Reserve memangkas program pembelian obligasi bulanan lebih cepat, ' Jim Wyckoff, analis senior di Kitco Inc, sebuah perusahaan riset di Montreal, mengatakan dalam sebuah laporan e-mail. ' Data ekonomi AS terakhir juga menunjukkan The Fed akan menaikkan waktu untuk melaksanakan tapering . ' Emas berjangka untuk pengiriman Februari turun 2,6 persen untuk menetap di $ 1,224.90 per ons pada pukul 1:45 di Comex di New York, penurunan terbesar untuk kontrak teraktif sejak 1 Oktober. Bullion telah jatuh 27 persen tahun ini di tengah spekulasi bahwa The Fed akan mulai menskala kembali dalam membeli obligasi bulanannya sebesar $ 85 miliar, yang dikenal sebagai pelonggaran kuantitatif. 'Tampaknya masuk akal bahwa emas mereda kembali ke $ 1.220 saat kami bergerak menuju keputusan The Fed, ' kata Bjarne Schieldrop, analis komoditas utama dari SEB AB yang berbasis di Oslo. ' Namun, melihat tahun depan, kita tidak begitu terlalu bearish dengan suku bunga akan terus menjadi rekor terendah dan QE akan terus untuk sementara bahkan jika itu secara bertahap akan berkurang. '(frk)

Gold Falls Most in 10 Weeks on Fed Stimulus Outlook; Silver Sags

Bloomberg (12/12) -- Gold capped the biggest drop in 10 weeks in New York amid concern that the Federal Reserve will reduce its bond buying as U.S. lawmakers reached a budget agreement. Silver and palladium also tumbled.

A two-year U.S. budget accord is on track to win passage in Congress. American retail sales in November climbed 0.7 percent in November, the most since June, government figures showed today. The Fed may begin cutting stimulus at its Dec. 17-18 meeting, according to 34 percent of economists surveyed Dec. 6 by Bloomberg, up from 17 percent on Nov. 8. “The budget agreement is another factor that could work in favor of the Federal Reserve tapering its monthly bond-buying program sooner,” Jim Wyckoff, a senior analyst at Kitco Inc., a research company in Montreal, said in an e-mailed report. “Recent upbeat U.S. economic data also suggests the Fed might move up its timeline for implementing a tapering.” Gold futures for February delivery declined 2.6 percent to settle at $1,224.90 an ounce at 1:45 p.m. on the Comex in New York, the biggest drop for a most-active contract since Oct. 1. Bullion has tumbled 27 percent this year on speculation that the Fed will start scaling back its $85 billion in monthly bond buying, known as quantitative easing. “It looks plausible that gold eases back towards $1,220 as we move toward the Fed decision,” said Bjarne Schieldrop, the Oslo-based chief commodity analyst at SEB AB. “However, looking at next year, we are not so overly bearish as interest rates will continue to be a record low and QE will continue for a while even if it will be gradually reduced.”