- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The dollar reached fresh 11-month highs on Tuesday, pushing the yen down

closer to a potential intervention zone, after strong US economic data bolstered the view that the Federal Reserve will keep interest rates higher for longer.

US manufacturing took a step further towards recovery in September as production picked up and employment rebounded, according to a survey on Monday that also showed prices paid for inputs by factories falling considerably. US Treasury yields have also given the dollar a boost, surging on the upbeat data release, as well as the last-minute deal that averted a government shutdownThe selloff of US Treasury bonds is the “talking point” of financial markets, said Carol Kong, economist and currency strategist at Commonwealth Bank of Australia, and a trend that likely will continue as long as US economic data remains strong.

Japanese Finance Minister Shunichi Suzuki said on Tuesday authorities were watching the currency market closely and stood ready to respond, repeating a warning against speculative moves that did not reflect economic fundamentals. “If that number indicates inflation is tracking towards 4% by year-end, then the RBA will likely stick to the sidelines.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Five people have been shot and killed in Gugulethu on the Cape Flats. The identities of the four men and a woman are yet to be released.
Source: SABC News Online - 🏆 32. / 51 Read more »

- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Two children have drowned in the Nature's Valley Lagoon at Plettenberg Bay in the Western Cape.
Source: SABC News Online - 🏆 32. / 51 Read more »

- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Communist Party's (SACP) General-Secretary Solly Mapaila says the focus of the Red
Source: SABCNews - 🏆 37. / 51 Read more »

- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa scored seven tries and moved a step closer to the Rugby World Cup quarter-finals
Source: SABCNews - 🏆 37. / 51 Read more »

- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Department Basic Education has welcomed the adoption of BELA bill by the Portfolio Committee
Source: SABC News Online - 🏆 32. / 51 Read more »

- SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Trial for the five men charged with the murder of Senzo Meyiwa resumes on Monday
Source: SABC News Online - 🏆 32. / 51 Read more »