{"id":2023149,"date":"2023-09-06T08:10:02","date_gmt":"2023-09-06T12:10:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-steady-near-6-month-high-on-growth-fears-weak-yen-draws-warning\/"},"modified":"2023-09-06T08:12:39","modified_gmt":"2023-09-06T12:12:39","slug":"dollar-steady-near-6-month-high-on-growth-fears-weak-yen-draws-warning","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-steady-near-6-month-high-on-growth-fears-weak-yen-draws-warning\/","title":{"rendered":"Dollar remains stable near 6-month peak amid growth concerns, caution over weakening yen."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdollar-steady-near-6-month-high-on-growth-fears-weak-yen-draws-warning%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2023149&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>By Samuel Indyk and \u200dAnkur Banerjee<\/p>\n<p>LONDON (Reuters) \u2013 The dollar\u2064 held close to a six-month peak as jitters over\u200c China and global \u200dgrowth weighed on risk appetite, while the yen strengthened as Japan\u2019s top currency diplomat sent \u2064a warning about the currency after it earlier dropped to a 10-month low.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The yen strengthened by as much as 0.4% to 147.02 per U.S. dollar after Japan\u2019s top currency \u2064diplomat, Masato Kanda,\u200b said they won\u2019t rule\u2063 out options if speculative moves persist, the strongest warning \u200csince mid-August.<\/p>\n<p>By 1040 GMT, it stood at 147.34 per dollar, \u2063compared with 147.82 earlier in the session, which was its lowest since Nov. \u20634.<\/p>\n<p>The Asian currency \u2063has hovered around the key 145-per-dollar level for the past few weeks, leading traders to keep \u2063a wary eye on signs of\u2063 intervention by Tokyo.<\/p>\n<p>Kanda, Japan\u2019s vice-minister \u2063of finance for international affairs, has been the central figure in the country\u2019s efforts to stem the \u200bsharp\u200c decline \u2063of the yen since last year.<\/p>\n<p>\u201cThe remarks suggest \u200dthat intervention could be imminent with the\u2064 yen in the intervention zone we saw \u200clast year,\u201d said \u200cChris Turner, ING \u200bglobal head of markets and regional head of \u2063research \u200bfor UK and CEE.<\/p>\n<p>Japan \u2062intervened\u200d in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-steady-near-6-month-high-on-growth-fears-weak-yen-draws-warning\/\" title=\"Dollar remains stable near 6-month peak amid growth concerns, caution over weakening yen.\">currency markets 12 months ago<\/a> when the dollar rose \u2064past 145 yen, prompting \u2063the Ministry of Finance\u200b to buy the yen and push the pair back to around 140 yen.<\/p>\n<p>\u201cI think we\u2019ll probably\u200b see intervention but that doesn\u2019t necessarily mean\u2062 the underlying trend will \u2064turn around any time soon,\u201d \u2062Turner added,\u200d citing the ongoing strength \u200din the U.S. dollar.<\/p>\n<p>Against a basket of currencies,\u2064 the dollar was at 104.69, not far off the six-month\u2062 high \u2062of 104.90 touched on Tuesday. Economic\u2064 data from China\u2062 and Europe on Tuesday fanned some fears of slowing global growth, pushing investors to scramble for the greenback.<\/p>\n<p>\u201cDollar strength \u200cremains the \u200cdominant play,\u201d said Christopher Wong, currency strategist at OCBC\u200c in Singapore. Higher-for-longer U.S. interest rates\u200b and the relative\u200d U.S. growth resilience \u2062are \u2064supporting the greenback, Wong said.<\/p>\n<p>Data from the euro zone \u200dand Britain on Tuesday showed a decline in business activity last month, while a private-sector survey showed\u2063 China\u2019s\u200c services activity expanded at the slowest pace in eight months in August.<\/p>\n<p>\u201cThere\u2019s been a hangover from soft PMIs particularly in the manufacturing space,\u201d ING\u2019s Turner said.<\/p>\n<p>\u201cThe energy story, as we saw last summer, can also really hurt\u200d the euro, although it\u2019s not as bad now as it was back then.\u201d<\/p>\n<p>Oil prices settled at\u200c a ten-month high on\u2062 Tuesday as Saudi Arabia and Russia extended \u200bsupply cuts, although European natural gas prices are \u2062well below the peaks reached\u200c in\u200c August last\u200d year.<\/p>\n<p>The euro\u200c was last up 0.2% at $1.0739 as\u200d three influential rate-setters at the European Central Bank warned \u2062investors to not rule out a rate hike in September.<\/p>\n<p>Speaking \u2064on the last day before the ECB\u2019s self-imposed quiet period before their meeting next week, the heads of the German, French and Dutch central banks\u2019 \u200dsaid the \u200bdecision was still open. <\/p>\n<p>Traders are \u2064pricing in around a one-in-three chance that the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/thai-central-bank-raises-rates-willing-to-adjust-tightening-as-necessary\/\" title=\"Thai central bank raises rates, willing to adjust tightening as necessary\">central bank raises rates<\/a>\u2062 by 25 basis points at the September meeting and a two-in-three chance they \u200ckeep \u2064rates unchanged.     <\/p>\n<p>Meanwhile, sterling  was last at $1.2549, having touched a \u2062three-month \u200dlow\u2062 of $1.25285 on\u2062 Tuesday.<\/p>\n<p>China\u2019s yuan\u2064 fell to a \u206310-month low against the dollar on Wednesday before paring some losses as state banks stepped in to offer support.<\/p>\n<p>The Australian dollar rose 0.3% to \u200b$0.6398, after\u2063 diving 1.3% on Tuesday following the weak data from China and \u2063as the Reserve Bank of Australia kept rates on hold.<\/p>\n<\/p>\n<p>  (Reporting by Samuel Indyk\u200c in London and Ankur Banerjee in Singapore; Editing \u200bby Sam Holmes, Savio \u2063D\u2019Souza, Alexandra Hudson)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/dollar-steady-near-6-month\/attachment\/illustration-shows-u-s-dollar-banknotes\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Former Proud Boys Lead Enrique\u2062 Tarrio is sentenced, Biden masks up, Ken Paxton pleads \u200bnot guilty and an American Hero gets\u200d the \u200cMedal of Honor.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>The president of the Crime Prevention Research Center Dr. John Lott released new\u200c research showing that politics \u2064has infected the reporting of gun \u2062crimes \u200dat the FBI and CDC<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>After\u2063 a busy weekend traveling to praise what his administration considers to be big\u2062 wins in the job sector, new polling suggests Biden\u2019s 2024 \u2062presidential campaign is in danger.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Elon \u200cMusk, the owner of X, is threating to sue the Anti-Defamation League for accusing \u2064the platform of \u2062antisemitism and encouraging advertisers to pull money from X.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) -The U.S department of Defense\u2063 is considering the development of a vast\u2064 network of Artificial Intelligence-powered \u200dtechnology, drones and autonomous systems\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>STOCKHOLM (Reuters) \u2013 Apple on Wednesday said it remained \u2063concerned about privacy and security risks it sees in the new EU Digital\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) -China has ordered officials at <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/big-techs-core-businesses-face-overhaul-under-eu-tech-rules\/\" title=\"EU tech rules to bring major changes to Big Tech's core businesses.\">central government agencies<\/a> to not \u2064use Apple\u2019s iPhones and other foreign-branded devices for work or bring\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>MUNICH (Reuters) \u2013 \u2062German automakers under heavy pressure from Chinese competition are speeding up their transition to electric vehicles, enabling partnerships with\u2026<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>as concerns about China and global growth dampened risk appetite, while the dollar remained near a six-month high. Japan&#8217;s top currency diplomat issued a cautionary statement after the yen fell to a 10-month low.<\/p>\n","protected":false},"author":66,"featured_media":2023150,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2023149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2023149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2023149"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2023149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2023150"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2023149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2023149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2023149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}