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Reuters News

Australia dlr punch drunk on China blow, Fed hawkishness

June 20, 2013 - reuters.com

SYDNEY/WELLINGTON, June 20 (Reuters) - The Australian dollar slumped to a fresh 33-month low on Thursday after taking a one-two punch from disappointing Chinese data and a signal from the Federal Reserve that it could begin to scale back stimulus this year.

* The Aussie falls as far as $0.9240 AUD=D4 , a low not seen since September 2010, after data on China's factory activity fuelled worries about a slowdown in Australia's single biggest export market. ID:nB9N0DW01L

Thai finmin wants c.bank to ensure baht stability

June 20, 2013 - reuters.com

BANGKOK, June 20 (Reuters) - Thailand's finance minister said he had asked the central bank to use foreign reserves to make the baht less volatile but he added that he was not concerned by recent outflows of foreign capital.

Kittirat Na Ranong was speaking to reporters on Thursday as the baht THB=TH traded around 30.93 per dollar.

Australian yields spike, bond futures fall most in 4 yrs

June 20, 2013 - reuters.com

By Wayne Cole

SYDNEY, June 20 (Reuters) - Australian debt yields spiked on Thursday as long-term bond futures suffered their sharpest daily drop in four years, while the market also pared back the chance of a cut in official interest rates in coming months.

NZ 2020 govt bonds yield 3.7805 pct at tender

June 20, 2013 - reuters.com

WELLINGTON, June 20 (Reuters) - Details of the NZ Debt Management Office's government bond tender held on Thursday can be found by double clicking NZDMO04 .

NZ DMO's bond tender schedule is available by clicking

S.Korea won extends fall to weakest since July 2012

June 20, 2013 - reuters.com

SEOUL, June 20 (Reuters) - The South Korean won KRW= extended its fall on Thursday as investors dumped risky assets after U.S. Federal Reserve Chairman Ben Bernanke said it would start tapering its asset purchases later this year.

The won KRW=KFTC was quoted at 1,145.9 against the dollar as of 0146 GMT, down 1.3 percent from Wednesday's domestic close of 1,130.8 and the weakest level since July 26 last year.

Australian dollar hits fresh 33-mth low after China data

June 20, 2013 - reuters.com

SYDNEY, June 20 (Reuters) - The Australian dollar fell to a fresh 33-month low against the greenback on Thursday after disappointing data on China's factory activity fueled worries about a slowdown in Australia's single biggest export market.

The Aussie shed more than a third of a cent to a low of $0.9240 AUD=D4 after an HSBC index of activity in China's manufacturing sector weakened further in June to a 9-month low.

Vietnam to lower ceiling on dollar deposit rates - paper

June 20, 2013 - reuters.com

HANOI, June 20 (Reuters) - Vietnam will lower the 2-percent ceiling banks pay for dollar deposits between now and the end of 2013, but any downward adjustment may be incremental, a state-run newspaper quoted the central bank governor on Thursday as saying.

"The interest rates on U.S. dollar deposits will be adjusted down," State Bank of Vietnam Governor Nguyen Van Binh was quoted by the Liberation Saigon daily as telling a banking meeting on Wednesday. He gave no time frame or further details of the cut.

FOREX-Dollar shines as U.S. yields jump on Fed stance

June 20, 2013 - reuters.com

* USD index holds near a two-week high following rally

* Fed says can start to slow stimulus this year, recovery on track

SNB seen sticking with franc cap, rates policy at quarterly meet

June 20, 2013 - reuters.com

* SNB makes policy announcement at 0730 GMT

* Bank expected to leave current policy unchanged

S.Korea won, bond futures fall sharply after Fed comments

June 20, 2013 - reuters.com

SEOUL, June 20 (Reuters) - The South Korean won and bond futures fell sharply early on Thursday after the U.S. Federal Reserve said it would start tapering its asset purchases later this year.

The won KRW= KRW=KFTC was quoted at 1,142.8 against the dollar as of 0005 GMT, down 1.1 percent from Wednesday's domestic close of 1,130.8 and the weakest level since April 9.

UPDATE 1-NZ Q1 growth dries up as drought bites, RBNZ seen on hold

June 19, 2013 - reuters.com

(Adds economist comment, context, updates market prices)

* NZ growth +0.3 pct from 1.5 pct in Q4

New Zealand dollar extends decline after GDP disappoints

June 19, 2013 - reuters.com

SYDNEY, June 20 (Reuters) - The New Zealand dollar suffered a further blow on Thursday in the wake of data showing the local economy grew at a slower pace than expected in the first quarter.

Already under pressure against a resurgent U.S. dollar, the kiwi dropped a quarter of a cent to a session low around $0.7842

RPT-Australia dlr slugged to 3yr low as Fed flags stimulus slowdown

June 19, 2013 - reuters.com

SYDNEY/WELLINGTON, June 20 (Reuters) - The Australian dollar dived to a three-year low on Thursday as commodity-linked and emerging currencies were hammered by a broadly stronger greenback after the U.S. Federal Reserve said it could slow the pace of bond purchases later this year.

* Aussie AUD=D4 slumps As much as 2.2 percent to $0.9260, cracking the previous low at $0.9325 and hitting its weakest since September 2010. Last at $0.9293. Next support around $0.9210, but risk is for a move toward $0.9000.

Australia dlr slugged to 3yr low as Fed flags stimulus slowdown

June 19, 2013 - reuters.com

SYDNEY/WELLINGTON, June 20 (Reuters) - The Australian dollar dived to a three-year on Thursday as commodity-linked and emerging currencies were hammered by a broadly stronger greenback after the U.S. Federal Reserve said it could slow the pace of bond purchases later this year.

* Aussie AUD=D4 slumps As much as 2.2 percent to $0.9260, cracking the previous low at $0.9325 and hitting its weakest since September 2010. Last at $0.9293. Next support around $0.9210, but risk is for a move toward $0.9000.

RPT-UPDATE 2-Brazil real dives 2 pct as Fed signals end to stimulus

June 19, 2013 - reuters.com

* Fed likely to reduce stimulus this year, end it by mid-2014

* Brazil real slumps to weakest level since April 2009

GLOBAL MARKETS-Stocks, bond prices drop as Fed points to reduced bond buying

June 19, 2013 - reuters.com

* Bernanke suggests timetable for reduced bond purchases

* U.S. stocks fall more than 1 percent

UPDATE 3-New Bank of Canada chief signals hands-off stance

June 19, 2013 - reuters.com

* Poloz says nothing more BoC can do to spur growth

* Declines to comment on bank's 14-month tightening bias

UPDATE 3-New Bank of Canada chief signals hands-off stance

June 19, 2013 - reuters.com

* Poloz says nothing more BoC can do to spur growth

* Declines to comment on bank's 14-month tightening bias

CANADA FX-C$ stumbles as Bernanke comments drive broad US$ strength

June 19, 2013 - reuters.com

* C$ at C$1.0273 vs US$, or 97.34 U.S. cents

* Fed expected to slow bond purchases, halt mid-2014

GLOBAL MARKETS-Stocks, bonds drop as Fed points to reduced bond buying

June 19, 2013 - reuters.com

* Bernanke suggests timetable for reduced bond purchases

* U.S. stocks fall more than 1 percent

WRAPUP 2-Argentina reports encouraging numbers for GDP, trade

June 19, 2013 - reuters.com

(Updates with revision of Q4 vs Q3 data, IMF pressure over statistics, details on trade drivers)

By Hilary Burke

GLOBAL MARKETS-Stocks, bonds drop as Bernanke points to reduced Fed bond buying

June 19, 2013 - reuters.com

* U.S. equities fall as Bernanke says QE could be reduced this year

* Bond prices drop, dollar gains against euro, yen

GLOBAL MARKETS-Stocks, bond prices fall after Fed decision

June 19, 2013 - reuters.com

* U.S. equities fall shortly after Fed statement

* Bond prices drop, dollar gains against euro

Ibris Group plans $1.8 bln Indonesian nickel smelter

June 19, 2013 - reuters.com

JAKARTA, June 19 (Reuters) - Ibris Group, a Singapore-based miner, announced plans to build a $1.8 billion nickel pig iron plant in Sulawesi, the latest in a series of smelter projects after Indonesia began tightening controls on ore exports.

Indonesia, the world's top nickel ore exporter, has been pushing for greater returns from its resource wealth. In 2009, it imposed a ban on unprocessed ore exports after January 2014.

GLOBAL MARKETS-Shares flat, dollar steady before Fed decision

June 19, 2013 - reuters.com

* U.S. equities, world share markets little changed; Tokyo up

* Dollar steadies against major currencies, weaker vs yen

Centamin says appeal hearing adjourned until Sept

June 19, 2013 - reuters.com

LONDON, June 19 (Reuters) - Gold producer Centamin CEY.L , involved in a legal dispute to defend its right to mine in Egypt, said that its appeal process hearing was pushed back to the end of September.

The company launched an appeal last year against a court ruling questioning its right to operate Sukari, its sole producing mine, wiping away nearly half the value of its shares.

GLOBAL MARKETS-Shares flat, dollar steady before Fed decision

June 19, 2013 - reuters.com

* U.S. equities, world share markets little changed; Tokyo up

* Dollar steadies against major currencies, weaker vs yen

Indian gold futures edge lower; Fed watched

June 19, 2013 - reuters.com

MUMBAI, June 19 (Reuters) - Indian gold futures edged lower on Wednesday tracking cues from a weak overseas market and as traders eye the U.S. Federal Reserve for direction.

* Fed Chairman Ben Bernanke said last month the bank could scale back its $85 billion monthly bond purchases if the U.S. economy strengthens, but a lack of clarity on the timing has unsettled markets. A policy statement from the central bank will be released on Wednesday after its meeting. ID:nL2N0EQ0XP

INDICATORS - Kazakhstan - June 19

June 19, 2013 - reuters.com

PRESS DIGEST - Vietnam - June 19

June 19, 2013 - reuters.com

HANOI, June 19 (Reuters) - These are some of the leading stories in the official Vietnamese press on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

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