Dollar Halts Gains Versus Yen as U.S. Debt-Limit Talks Continue

Bloomberg (11/10) -- The dollar halted three days of gains versus the yen as House Majority Leader Eric Cantor said “talks will continue” between Republicans and President Barack Obama on a debt-limit increase and government shutdown.

The yen briefly gained versus major peers after the New York Times reported Obama had rejected a Republican proposal for a short debt-ceiling increase. Japan’s haven currency pared the advance as statements from the White House and Republican leaders indicated no decision had been reached. Australia’s dollar was headed for back-to-back weekly gains against the greenback after the yield premium its two-year debt offers over the U.S. climbed to its highest since April. “An agreement on the debt ceiling is seen as a risk-on catalyst, while the opposite is risk off -- it’s as simple as that,” said Daisaku Ueno, the chief currency strategist at Mitsubishi UFJ Morgan Stanley Securities Co. in Tokyo. “It’s convenient to use dollar-yen to take part in this kind of swing trade.”

The dollar traded at 98.20 yen as of 8:44 a.m. Tokyo time, following a three-day, 1.5 percent advance to 98.16 yesterday. It earlier fell by as much as 0.2 percent. The greenback weakened 0.1 percent to $1.3529 per euro. Europe’s common currency gained 0.1 percent to 132.87 yen.

House Speaker John Boehner and other party leaders met with the president for more than an hour at the White House to discuss delaying the lapse in U.S. borrowing authority to Nov. 22 without attaching policy conditions.

Both sides described the talks as constructive. Obama told the Republicans that he wanted to end the shutdown and raise the debt limit, said Representative Hal Rogers, a Kentucky Republican. The White House said in a statement that “no specific determination was made” after the meeting.

The dollar has climbed 0.6 percent in the past week, the biggest gain after the Aussie among 10 developed-nation currencies tracked by Bloomberg Correlation Weighted Indexes. The Australian currency rose 0.8 percent while the euro strengthened 0.3 percent and the yen weakened 0.3 percent.
 

Dolar Melonjak Pada Tanda Kompromi Pembicaraan Utang AS

Bloomberg (11/10) -- Dolar menguat terhadap yen untuk hari ketiga , jangka terpanjang keuntungan dalam sebulan , seiring spekulasi meningkat bahwa anggota parlemen AS mungkin mencapai kompromi untuk menghindari sebuah standar yang belum pernah terjadi sebelumnya . Mata uang Jepang turun terhadap semua rekan-rekan utama seiring Gedung Putih mendukung peningkatan utang-batas pendek dengan tidak ada kondisi kebijakan terpasang menandakan potensi dukungan untuk rencana para pemimpin Republik di DPR . Krona Swedia dan krone Norwegia meluncur seiring data menunjukkan tekanan inflasi mereda dalam dua ekonomi Nordic , pendinginan taruhan suku bunga harus naik. 'Optimisme sekitar kesepakatan pemerintah potensial membantu mendukung dolar terhadap yen, 'kata Eric Viloria , ahli strategi mata uang senior di Gain Capital Group LLC di New York, dalam sebuah wawancara telepon . ' Pasar sedang mencari sedikit optimis, dan Anda dapat melihat bahwa reli dengan bantuan ini . ' Greenback naik 0,9 persen menjadi ¥ 98,23 pada pukul 16:26 sore waktu New York pada keuntungan harian ketiganya, terpanjang sejak tanggal 5 September. Mata uang AS menyentuh ¥ 98,27, tertinggi sejak tanggal 1 Oktober. Dolar sedikit berubah pada $ 1,3524 per euro . Mata uang Jepang melemah 0,9 persen menjadi 132,85 per euro . Indeks Bloomberg US Dollar , yang melacak greenback terhadap 10 mata uang utama , menyentuh 1,015.74 , tertinggi sejak tanggal 27 September, sebelum diperdagangkan pada level 1,013.60 . Indeks JPMorgan global FX Volatilitas turun menjadi 8,64 persen, setidaknya atas dasar penutupan sejak tanggal 8 Mei. Tahun 2013 rata-rata 9,37 persen . ( rk )

Dollar Climbs on Signs of Compromise in U.S. Debt Talks

Bloomberg (11/10) --- The dollar strengthened against the yen for a third day, the longest run of gains in a month, as speculation increased that U.S. lawmakers may reach a compromise to avert an unprecedented default. The Japanese currency fell against all of its major peers as the White House endorsed a short debt-limit increase with no policy conditions attached, signaling potential support for a plan by House Republican leaders. Sweden’s krona and Norway’s krone slid as data showed inflation pressures eased in the two Nordic economics, cooling bets interest rates will have to rise. “The optimism around a potential government deal is helping to support the dollar versus the yen,” Eric Viloria, senior currency strategist at Gain Capital Group LLC in New York, said in a phone interview. “Markets are looking a bit optimistic, and you can see that with this relief rally.” The greenback climbed 0.9 percent to 98.23 yen at 4:26 p.m. New York time in the third daily gain, the longest stretch since Sept. 5. The U.S. currency touched 98.27 yen, the highest since Oct. 1. The dollar was little changed at $1.3524 per euro. The Japanese currency weakened 0.9 percent to 132.85 per euro. The Bloomberg U.S. Dollar Index, which tracks the greenback against 10 major peers, touched 1,015.74, the highest since Sept. 27, before trading at 1,013.60. The JPMorgan Global FX Volatility Index fell to 8.64 percent, the least on a closing basis since May 8. The 2013 average is 9.37 percent.
 

Sebagian Saham A.S Reli Sejak Bulan Januari, Tagihan Suku Bunga Jatuh

Bloomberg, ( 10/10 ) - Saham AS melonjak terbesar sejak Januari dan tagihan suku bunga Treasury jatuh seiring anggota parlemen bergerak menuju kesepakatan untuk menaikkan plafon utang dan menghindari default. Emas merosot sementara minyak reli.

Standard & Poor 500 melonjak 2,2 persen pada pukul 04:00 sore di New York untuk kenaikan terbesar sejak tanggal 2 Januari yang lalu. Indeks Stoxx Europe 600 naik 1,7 persen, rebound dari level terendah satu bulan terakhir. Tarif pada tagihanTreasury dijadwalkan jatuh tempo pada 17 Oktober mendatang turun untuk pertama kalinya dalam enam hari terakhir. Dolar terapresiasi untuk hari ketiga terhadap yen. Minyak Brent naik 2,3 persen setelah Perdana Menteri Libya ditahan dan dilepaskan. Emas berjangka merosot ke terendah satu minggu.

Gedung Putih mendukung peningkatan batas utang jangka pendek dengan tidak ada kondisi kebijakan terpasang, menandakan potensi dukungan rencana partai Republik untuk penangguhan hukuman default selama sebulan. Menteri Keuangan Jacob J. Lew memperingatkan bahwa ' ketidakpastian ' di atas batas utang mulai membuat stres pasar keuangan, yang erbicara dalam kesaksian kepada Senat Komite Keuangan seminggu sebelum pemerintah kehabisan otoritas pinjaman pada tanggal 17 Oktober mendatang. (frk)
 

Stocks Rally Most Since January, Bill Rates Fall on Debt Talks

Bloomberg, (10/10) -- U.S. stocks jumped the most since January and Treasury bill rates tumbled as lawmakers moved toward an agreement to raise the debt ceiling and avoid a default. Gold slumped while oil rallied.

The Standard & Poor’s 500 Index soared 2.2 percent at 4 p.m. in New York for the biggest advanced since Jan. 2. The Stoxx Europe 600 Index climbed 1.7 percent, rebounding from a one-month low. Rates on Treasury bills scheduled to mature on Oct. 17 dropped for the first time in six days. The dollar appreciated for a third day against the yen. Brent oil added 2.3 percent after Libya’s prime minister was detained and released. Gold futures slumped to a one-week low.

The White House endorsed a short debt-limit increase with no policy conditions attached, signaling potential support for House Republicans’ plan for a month-long reprieve from a default. Treasury Secretary Jacob J. Lew warned that “uncertainty” over the debt limit is starting to stress financial markets, speaking in testimony to the Senate Finance Committee a week before the government runs out of its borrowing authority on Oct. 17.