Edition:
United States

Richard Leong

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Sep 18 2018

UPDATE 1-Foreigners buy U.S. Treasuries in July; China holdings slip -data

* Russia's Treasuries holdings little changed at below $15 bln

Sep 17 2018

Traders take Fed's cues, pile on bets on U.S. rate hikes

NEW YORK Bond traders are increasing bets the Federal Reserve will raise U.S. short-term interest rates into 2019 as the jobs market tightens and with inflation seen climbing above its 2 percent goal.

Sep 14 2018

Dollar rises on solid U.S. data, report on more U.S. tariffs

NEW YORK The dollar rose against a basket of currencies on Friday, rebounding from a near 1-1/2-month low, due to upbeat U.S. economic data and safe-haven demand on reports U.S. President Donald Trump wants to slap duties on $200 billion of Chinese goods.

Sep 14 2018

Chef José Andrés offers recipes on food relief in Maria-ravaged Puerto Rico

NEW YORK Award-winning chef José Andrés this week laid out his personal account of feeding citizens in Puerto Rico whose lives were ravaged by Hurricane Maria a year ago, amid renewed debate over the government's relief efforts on the U.S. island territory.

Sep 14 2018

FOREX-Dollar bounces on solid U.S. data, higher yields

* U.S. retail, industrial data offset weak inflation readings * Euro retreats after touching two-week high vs dollar * Chinese yuan slips after mixed domestic data * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates market action, changes dateline, previous LONDON) By Richard Leong NEW YORK, Sept 14 The dollar rose against a basket of currencies on Friday, rebounding from a near 1-1/2-month low, as upbeat U.S. economic data and higher Treasury yields rekindled some investor appetite for the greenback. The world's top reserve currency was still on track for a weekly loss as reduced trade tensions between China and the United States, together with encouraging developments between Britain and the European Union on terms for Britain's exit from the economic bloc, pared safe-haven demand for the dollar. "Generally today's data showed strong results, which are supporting the dollar. Higher yields are also giving it a boost," said Brian Daingerfield, macro strategist at NatWest Securities in Stamford, Connecticut. The U.S. Commerce Department said domestic retail sales rose 0.1 percent in August, the smallest gain in six months, but July figures were revised higher, supporting the view of solid consumer spending in the third quarter. Consumer spending, which accounts for two-third of the U.S. economy, will likely hold firm as consumer optimism improved to its strongest since March, according to the University of Michigan. Another bright spot was a 0.4 percent increase in industrial output last month. Friday's data offset inflation data this week which fell of expectations, causing traders to dial back their bets that inflation is accelerating, analysts said. The data also lifted Treasury yields, with the 10-year yield touching 3 percent for the first time in six weeks. At 10:58 a.m. (1458 GMT), an index that tracks the dollar against six major currencies was up 0.25 percent at 94.753, trimming its weekly decline to 0.6 percent. The euro climbed to a two-week high earlier on Friday following the disappointing U.S. inflation data before retreating against the greenback. The common currency was down 0.2 percent at $1.16665, EBS data showed. Sterling was 0.25 percent lower at $1.3073 after hitting $1.3145 earlier on Friday, its highest level since July 31, according to Reuters data. Brexit talks are set to intensify over the coming week, with the first of three summits that EU leaders hope will settle an agreement for departing Britain within the next two months. China's offshore yuan slipped 0.27 percent to 6.8641 per U.S. dollar. Data on Friday showed China's investment growth for August fell to a new record low, while industrial output and retail sales for the month rose more than expected. Chinese officials welcomed an invitation from Treasury Secretary Steven Mnuchin for new talks to resolve the Sino-U.S. trade conflict, although comments from U.S. President Donald Trump tempered market expectations. ======================================================== Currency bid prices at 10:59AM (1459 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1667 $1.1688 -0.18% -2.74% +1.1721 +1.1655 Dollar/Yen JPY= 112.0700 111.9200 +0.13% -0.53% +112.0900 +111.7600 Euro/Yen EURJPY= 130.77 130.83 -0.05% -3.26% +131.1100 +130.5700 Dollar/Swiss CHF= 0.9658 0.9653 +0.05% -0.87% +0.9670 +0.9635 Sterling/Dollar GBP= 1.3073 1.3105 -0.24% -3.25% +1.3142 +1.3074 Dollar/Canadian CAD= 1.3036 1.2996 +0.31% +3.65% +1.3047 +1.2983 Australian/Doll AUD= 0.7178 0.7192 -0.19% -7.99% +0.7216 +0.7170 ar Euro/Swiss EURCHF= 1.1270 1.1285 -0.13% -3.58% +1.1304 +1.1262 Euro/Sterling EURGBP= 0.8924 0.8920 +0.04% +0.46% +0.8932 +0.8898 NZ Dollar/Dolar NZD= 0.6560 0.6566 -0.09% -7.42% +0.6595 +0.6559 Dollar/Norway NOK= 8.2414 8.2156 +0.31% +0.42% +8.2687 +8.2112 Euro/Norway EURNOK= 9.6165 9.6082 +0.09% -2.36% +9.6415 +9.6038 Dollar/Sweden SEK= 9.0220 8.9515 +0.57% +10.00% +9.0563 +8.9474 Euro/Sweden EURSEK= 10.5281 10.4680 +0.57% +7.00% +10.5658 +10.4640 (Additional reporting by Tommy Wilkes in LONDON Editing by Toby Chopra and Meredith Mazzilli)

Sep 13 2018

Dollar slips on CPI miss, hopes for U.S.-China trade reset

NEW YORK The dollar fell to a near 1-1/2-month low against a group of currencies on Thursday after data showed U.S. consumer prices increased less than expected in August, changing traders' views on an acceleration in domestic inflation.

Sep 13 2018

FOREX-Dollar falls on CPI miss, signs of U.S.-China trade reset

* Dollar index falls to 1-1/2-month low, breaks 100-day MA * Euro rises to 2-week peak vs dollar amid hopes for Brexit deal * Traders see Fed rate hikes despite CPI rising less than forecast * ECB, BOE leave rates changed; Turkey cenbank uncorks rate hike * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates market action, changes dateline, previous LONDON) By Richard Leong NEW YORK, Sept 13 The dollar fell to a near 1-1/2-month low against a group of currencies on Thursday after data showed U.S. consumer prices increased less than expected in August, paring traders' outlook that domestic inflation is accelerating. Signs of reduced trade tensions between China and the United States after Washington reached out to Beijing on Wednesday to restart trade talks also pressured the greenback. "The safe-haven demand for the dollar has diminished the past two days on positive trade developments between U.S. and China," said Peter Ng, senior currency trader at Silicon Valley Bank in Santa Clara, California. "Today's CPI miss has added downward pressure on the dollar." The U.S. Labor Department said its Consumer Price Index, the government's broadest inflation gauge, rose 0.2 percent in August, less than the 0.3 percent increase projected by analysts polled by Reuters. Despite the CPI miss, traders did not change their view the Federal Reserve would raise key short-term interest rates by a quarter point to 2.00 percent-2.25 percent at its policy meeting in two weeks. They also anticipated the Fed would increase rates for a fourth time this year in December. An index that tracks the dollar against six major rivals hit a near six-week low at 94.428. At 10:40 a.m. (1440 GMT), it was down 0.19 percent at 94.623. The greenback weakened for a fourth straight day against the euro and sterling on hopes that Britain and the European Union would hammer out trade terms before the Britain leaves the economic bloc next March. The common currency rose to a two-week peak against the dollar at $1.17010 before subsiding to $1.16780, up 0.44 percent on the day, EBS data showed. The pound hit a six-week high versus the dollar at $1.3124. It was last at $1.3095, up 0.36 percent. The European Central Bank and Bank of England as expected left interest rates unchanged on Thursday. The ECB signaled it was on track to dial back its bond purchases later this year, while the BOE highlighted concerns from Brexit. Turkey's central bank raised its benchmark rate by 625 basis points on Thursday in a bid to shore up the lira and soothe investor concern about President Tayyip Erdogan's influence on monetary policy. Turkey's lira rallied 2.6 percent at 66.1800 per dollar . It had slumped to a record low of 7.2400 in mid-August, raising investor expectations for the central bank to tighten monetary policy and arrest the currency's slide. ======================================================== Currency bid prices at 10:40AM (1440 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1675 $1.1624 +0.44% +0.00% +1.1701 +1.1609 Dollar/Yen JPY= 111.8500 111.2500 +0.54% +0.00% +111.9100 +111.1700 Euro/Yen EURJPY= 130.60 129.34 +0.97% +0.00% +130.8000 +129.2700 Dollar/Swiss CHF= 0.9675 0.9704 -0.30% +0.00% +0.9708 +0.9659 Sterling/Dollar GBP= 1.3094 1.3046 +0.37% +0.00% +1.3121 +1.3027 Dollar/Canadian CAD= 1.3022 1.2995 +0.21% +0.00% +1.3025 +1.2975 Australian/Doll AUD= 0.7200 0.7168 +0.45% +0.00% +0.7229 +0.7166 ar Euro/Swiss EURCHF= 1.1296 1.1284 +0.11% +0.00% +1.1316 +1.1263 Euro/Sterling EURGBP= 0.8916 0.8911 +0.06% +0.00% +0.8931 +0.8894 NZ Dollar/Dolar NZD= 0.6564 0.6562 +0.03% +0.00% +0.6589 +0.6544 Dollar/Norway NOK= 8.2225 8.2579 -0.43% +0.00% +8.2642 +8.1954 Euro/Norway EURNOK= 9.6015 9.6012 +0.00% +0.00% +9.6075 +9.5642 Dollar/Sweden SEK= 8.9490 8.9798 +0.10% +0.00% +8.9947 +8.9290 Euro/Sweden EURSEK= 10.4502 10.4400 +0.10% +0.00% +10.4603 +10.4319 (Additional reporting by Saikat Chatterjee in LONDON, Shinichi Saoshiro in TOKYO; Editing by Meredith Mazzilli)

Sep 12 2018

Dollar falls on hopes for U.S.-China trade talk

NEW YORK The dollar fell against a basket of other currencies on Wednesday as investors pared safe-haven holdings of the greenback following a report that senior U.S. officials were seeking to jumpstart trade talks with China.

Sep 12 2018

RPT-FOREX-Euro firms ahead of ECB meeting, dollar falls

(Repeats to additional subscribers, no change to text) * Euro gains ahead of ECB meeting, sterling slips before BOE * U.S. PPI unexpectedly falls in Aug; Fed Beige Book on tap * EM currencies rebound; Indian rupee tumbles to record low * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh By Richard Leong NEW YORK, Sept 12 The euro rose on Wednesday in advance of the European Central Bank meeting, putting pressure on the dollar as traders remained worried about the trade friction between the United States and China. Traders sought to exit some bearish bets on the single currency, which fell earlier on Wednesday on reports that ECB policymakers will trim their growth forecasts at their meeting on Thursday, analysts said. Also, European Union chief executive Jean-Claude Juncker called for the euro to challenge the dollar as the world's leading currency. "That shows some confidence in the euro zone and the euro. That may be good for euro bulls in the long run," said Juan Perez, senior currency trader with Tempus Inc in Washington. The dollar's weakness helped emerging markets recover from their earlier losses with the Indian rupee hitting an all-time low. At 10:56 a.m. (1456 GMT), the euro was up 0.16 percent at $1.16230 and was 0.270.24 percent at 0.89290 pound . The index that tracks the greenback against the euro, yen, sterling and three other currencies was down-0.37 percent at 94.898. Earlier Wednesday, the U.S. Labor Department said the producer price index unexpectedly fell 0.1 percent in August, marking its first decline in 1-1/2 years. At 2 p.m. (1800 GMT), the Federal Reserve will release its latest Beige Book, a snapshot of regional economic conditions. Fed policymakers are widely to raise short-term borrowing costs at their upcoming meeting on Sept. 25-26. ======================================================== Currency bid prices at 11:03AM (1503 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1621 $1.1605 +0.14% -3.13% +1.1625 +1.1571 Dollar/Yen JPY= 111.2700 111.6200 -0.31% -1.24% +111.6400 +111.2200 Euro/Yen EURJPY= 129.33 129.53 -0.15% -4.33% +129.5400 +128.9400 Dollar/Swiss CHF= 0.9711 0.9720 -0.09% -0.33% +0.9749 +0.9702 Sterling/Dollar GBP= 1.3016 1.3033 -0.13% -3.67% +1.3047 +1.2981 Dollar/Canadian CAD= 1.3005 1.3065 -0.46% +3.40% +1.3078 +1.2998 Australian/Doll AUD= 0.7135 0.7122 +0.18% -8.54% +0.7144 +0.7094 ar Euro/Swiss EURCHF= 1.1287 1.1282 +0.04% -3.44% +1.1304 +1.1269 Euro/Sterling EURGBP= 0.8926 0.8903 +0.26% +0.48% +0.8929 +0.8888 NZ Dollar/Dolar NZD= 0.6535 0.6524 +0.17% -7.78% +0.6544 +0.6503 Dollar/Norway NOK= 8.2526 8.3182 -0.79% +0.56% +8.3471 +8.2504 Euro/Norway EURNOK= 9.5940 9.6565 -0.65% -2.59% +9.6640 +9.5909 Dollar/Sweden SEK= 8.9886 9.0393 -0.46% +9.59% +9.0689 +8.9810 Euro/Sweden EURSEK= 10.4470 10.4950 -0.46% +6.18% +10.5010 +10.4406 (Reporting by Saikat Chatterjee in LONDON; additional reporting by Daniel Leussnik in TOKYO; Editing by Larry King and Alison Williams)

Sep 12 2018

FOREX-Euro firms ahead of ECB meeting, dollar falls

* Euro gains ahead of ECB meeting, sterling slips before BOE * U.S. PPI unexpectedly falls in Aug; Fed Beige Book on tap * EM currencies rebound; Indian rupee tumbles to record low * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates market action, previous LONDON) By Richard Leong NEW YORK, Sept 12 The euro rose on Wednesday in advance of the European Central Bank meeting, putting pressure on the dollar as traders remained worried about the trade friction between the United States and China. Traders sought to exit some bearish bets on the single currency, which fell earlier on Wednesday on reports that ECB policymakers will trim their growth forecasts at their meeting on Thursday, analysts said. Also, European Union chief executive Jean-Claude Juncker called for the euro to challenge the dollar as the world's leading currency. "That shows some confidence in the euro zone and the euro. That may be good for euro bulls in the long run," said Juan Perez, senior currency trader with Tempus Inc in Washington. The dollar's weakness helped emerging markets recover from their earlier losses with the Indian rupee hitting an all-time low. At 10:56 a.m. (1456 GMT), the euro was up 0.16 percent at $1.16230 and was 0.270.24 percent at 0.89290 pound . The index that tracks the greenback against the euro, yen, sterling and three other currencies was down-0.37 percent at 94.898. Earlier Wednesday, the U.S. Labor Department said the producer price index unexpectedly fell 0.1 percent in August, marking its first decline in 1-1/2 years. At 2 p.m. (1800 GMT), the Federal Reserve will release its latest Beige Book, a snapshot of regional economic conditions. Fed policymakers are widely to raise short-term borrowing costs at their upcoming meeting on Sept. 25-26. ======================================================== Currency bid prices at 11:03AM (1503 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1621 $1.1605 +0.14% -3.13% +1.1625 +1.1571 Dollar/Yen JPY= 111.2700 111.6200 -0.31% -1.24% +111.6400 +111.2200 Euro/Yen EURJPY= 129.33 129.53 -0.15% -4.33% +129.5400 +128.9400 Dollar/Swiss CHF= 0.9711 0.9720 -0.09% -0.33% +0.9749 +0.9702 Sterling/Dollar GBP= 1.3016 1.3033 -0.13% -3.67% +1.3047 +1.2981 Dollar/Canadian CAD= 1.3005 1.3065 -0.46% +3.40% +1.3078 +1.2998 Australian/Doll AUD= 0.7135 0.7122 +0.18% -8.54% +0.7144 +0.7094 ar Euro/Swiss EURCHF= 1.1287 1.1282 +0.04% -3.44% +1.1304 +1.1269 Euro/Sterling EURGBP= 0.8926 0.8903 +0.26% +0.48% +0.8929 +0.8888 NZ Dollar/Dolar NZD= 0.6535 0.6524 +0.17% -7.78% +0.6544 +0.6503 Dollar/Norway NOK= 8.2526 8.3182 -0.79% +0.56% +8.3471 +8.2504 Euro/Norway EURNOK= 9.5940 9.6565 -0.65% -2.59% +9.6640 +9.5909 Dollar/Sweden SEK= 8.9886 9.0393 -0.46% +9.59% +9.0689 +8.9810 Euro/Sweden EURSEK= 10.4470 10.4950 -0.46% +6.18% +10.5010 +10.4406 (Reporting by Saikat Chatterjee in LONDON; additional reporting by Daniel Leussnik in TOKYO; Editing by Larry King and Alison Williams)

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary