The dollar edged higher against the yen after rallying Friday amid optimism a bill to cut U.S. taxes will be passed this week.
The Bloomberg Dollar Spot Index held close to its 50-day moving average after climbing above that threshold last week as Republican leaders finalized their plan for lower taxes, paving the way for a policy victory for President Donald Trump. Treasuries declined as most Asian stock markets advanced, sapping demand for safer assets.
Turkish president Recep Tayyip Erdogan said Sunday that Turkey hopes to open an embassy to a Palestinian state in East Jerusalem in the future..
"Because it is under occupation we can't just go there and open an embassy," Erdogan said in a speech to his ruling party in the city of Karaman.
"But, inshallah [God willing] those days are near and... we will officially open our embassy there," he said, without giving any precise timeframe.
The comments come just days after Erdogan hosted a...
Japanese shares rose as the yen continued to weaken after Republican leaders gained two key votes on the U.S. tax-cut bill Friday.
Electronics makers and banks were the biggest boosts to the benchmark Topix, led by Mitsubishi UFJ Financial Group Inc., Toyota Motor Corp. and Sony Corp. Congressional Republicans finalized their plan for a highly-anticipated set of tax cuts for businesses and individuals after six weeks of legislative negotiations.
Almost five shares rose for every...
Gold declines after progress on U.S. tax cuts propels stocks to record highs on Friday and boosts dollar.
Bullion for immediate delivery -0.2% to $1,253.84/oz at 9:02am in Singapore: Bloomberg generic pricing. Bloomberg Dollar Spot Index flat after +0.4% Friday. Precious metal heads for 9.3% advance this year after +8.1% in 2016.
The dollar™s strength is weakening gold, David Lennox, resource analyst at Fat Prophets in Sydney, says by phone.
Tax reform is œa...
Hong Kong stocks eased in the first few minutes of trade on Monday following big losses at the end of last week, while investors ignored a record lead from Wall Street.
The Hang Seng Index dipped 0.07 percent, or 19.34 points, to 28,828.77.
The benchmark Shanghai Composite Index inched up 0.06 percent, or 1.89 points, to 3,268.03 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, eased 0.11 percent, or 2.01 points, to 1,899.19.