By Saumya Vaishampayan
...“I think the dollar is getting pushed round based on what fixed income and equities are doing,” he said....
The more there is investment in USA Treasuries the more attractive they become and vise versa with the Yen.
...The 10-year Japanese government bond yield was up 1 basis point to 0.878% in recent trade, according to FactSet data. The 10-year Treasury was up 6 basis points recently to 2.6%. U.S. stocks fell on Monday...
The USA economy is the strongest of all other nations. The bond yields are most secure. Our allies need to get their economies chugging along to bring about stability.
...The euro — which makes up more than half of the comparative basket used for the ICE dollar index by weighting — fell to $1.3097, down from $1.3138 late Friday.
The British pound slipped to $1.5417 from $1.5428. The U.S. dollar rose against the Canadian dollar to C$1.0523, up from C$1.0456.
But the Australian dollar edged higher to 92.48 U.S. cents from 92.45 U.S. cents late Friday....
It would help all economies if allies were on the same page.
By
The settlement is part of a larger effort by government regulators to clamp down on funding for countries under sanction, drug traffickers and terrorists. International banks, including HSBC and Standard Chartered, have in recent years faced stiff penalties for flouting U.S. laws. Critics, however, question whether fines are enough to deter this behavior....
