The dollar hit a four-month high against the yen but global equity markets turned lower on Tuesday as investors awaited testimony by Federal Reserve Chair Janet Yellen this week and any signs of tighter USA monetary policy.
At present the markets expect one more interest-rate increase in the United States this year, and perhaps some reduction of the Fed's huge balance sheet.
However, the ringgit appreciated against the yen to 3.7572/7612 from 3.7600/7629 and weakened versus the pound to 5.5423/5479 from 5.5247/5298 on Monday. The latest US economic reports, particularly for jobs, have been upbeat.
The greenback was up 0.15 percent to 114.05 yen, after hitting a two-month high of 114.29 yen, earlier in the session.
Venus Williams v Jelena Ostapenko: Wimbledon quarter-final
It will be interesting to see, you know, when she will struggle a bit later in the year and stuff, how she gonna play. On the other side, Svitolina was unable to capitalize on her chances to break back.
MARKETS OVERSEAS: In Europe, Germany's DAX was up 0.3 percent, while France's CAC40 was down 0.2 percent. The broader All Shares declined by 0.04 percent or 1.73 points to finish at 4,735.12. Lately the bond market has been selling off on any signs that foreign central banks might scale back on stimulus measures.
The Fed last month raised the benchmark interest rates for the fourth time since December 2015 and unveiled a plan to trim its holdings of U.S. Treasury bonds and other mortgage-backed securities later this year.
The firms's chief executive Mohamed Fahmy told financial news website, Argaam, late on Monday that the company aims to boost sales through its online portal, and strengthen partnerships with suppliers and brands offering the latest technologies and products.
Forecasters are divided on whether the central bank will hike rates but data from the overnight index swaps market show that money markets are nearly fully priced for an increase.
Reliance Jio user database leaked online, operator says data is safe
Whenever your phone number and primary email ID leak on the web, there is always a chance of someone, somewhere misusing it. Frankly, given that we verified the data for multiple users, as have others, this claim is simply not true.
The Canadian dollar rose against its US counterpart, trading at C$1.2922 compared with C$1.2891 late Monday in NY.
Investors will also keep an eye out on a few USA economic reports, with Friday's inflation data in the spotlight, for further clues on the timing of the next Fed rate hike.
Sterling was steady against the dollar, with GBP/USD at 1.2897, not far from Friday's low of 1.2866.
Loeb, dubbed a "constructivist" for his increasingly cooperative approach, first met new chief executive Mark Schneider on June 2, the source said, adding that no other meetings are now planned before Nestle's September 26 investor seminar, which Third Point plans to attend, Reuters reported.
PM Nawaz mulls post JIT report strategy with colleagues
In the meantime, the country's apex court will decide on how to proceed with the JIT's report and whether to call for a trial. Earlier, on Monday PM Nawaz directed his legal team to prepare their response, which will be filed before the Supreme Court .
- Xiaomi Mi 6 Plus with 6GB RAM, 4000mAh battery coming soon?
- Saudi Arabia accused of financing Islamist extremism in the UK
- Korea join U.S. in urging China to sever ties with North Korea
- New Audi A8 saloon features autonomous tech
- The best of Aaron Judge's jaw-dropping Home Run Derby performance
- AI stops non-veg meals in economy class
- SEC Media Day 1: Tennessee preview
- Trump discusses with Putin forming cyber security unit
- How to score the best deals
- KU's Armstrong on Bednarik watch list