The greenback was buoyed by a steepening US yield curve, as Federal Reserve officials talked down the prospect of negative rates, and as the bond market braces for an immense borrowing spree from the US Treasury.At the same time, progress on plans to re-open economies has been overshadowed by worries about fresh infections of COVID-19 as easing of restrictions in South Korea and Germany were soon met by spikes in new cases there.“It’s a little bit of yield support (for the dollar) and a general return of nerves,” said Westpac FX analyst Sean Callow, as April’s surge in riskier currencies fades away.“Our base case has been for a while now that the risk bounce was overdone, we just don’t think (recovery) is going to be a straight line.” The dollar rose to a two-week high against major peers on Tuesday, propelled by rising United States bond yields and increasing safe-haven demand amid growing fears about a second wave of coronavirus infections, which sent riskier currencies lower.The biggest loser was the Australian dollar, which dropped about 0.8 percent to a one-week low, while the kiwi extended falls.The euro fell below US$1.08 for the first time in almost a week and the Japanese yen nursed an overnight loss of about 1 percent to sit at to 107.48 per dollar, the bottom end of a range it has kept since mid April. The dollar has closely tracked investors’ risk aversion through the coronavirus crisis. However, rising longer-tenor yields as Washington prepares to borrow some $3 trillion this quarter have added some carry-trade attraction to the currency as well.Against a basket of currencies, the dollar hit a two-week high of 100.440, near the top end of the range which has held it for more than a month.Ten-year US Treasury yields rose above 0.7 percent for the first time in a week overnight and held at 0.7099 percent in Asia, while two-year yields also kicked up after Atlanta Fed President Raphael Bostic said he is “not a big fan” of negative rates.After punching above its 100-day moving average on Monday, the Aussie retreated and slipped to $0.6432 on Tuesday following a report that China had suspended some meat imports from Australian abattoirs.The unconfirmed report in The Australian newspaper, citing unnamed industry sources, was vague about the reason but comes as tension over the origin and handling of the coronavirus chill relations between Australia and its biggest trading partner.The kiwi slid 0.4 percent to $0.6047, while the euro and pound were a tad softer. The euro last sat at $1.0797 and the pound slipped 0.3 percent to $1.2300.Besides virus headlines, markets are looking to Chinese consumer inflation data due at 0130 GMT, where an annual rise of 3.7 percent is expected, according to a Reuters poll of economists.Fed officials James Bullard and Patrick Harker are due to make remarks at 1300 GMT and 1400 GMT, respectively, ahead of a highly anticipated speech from chairman Jerome Powell on Wednesday.Topics :
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Tags: Australia, elite golf, England teams, Women’s Golf England’s Emily Toy has come up trumps on her first trip Down Under – winning the women’s New South Wales 36-hole championship.She was four-under for the two rounds at Mona Vale Golf Club, finishing a shot clear of her closest rivals, and leads the 16 qualifiers for the match play championship.What’s more Cara Gainer was just two shots behind her and tied fourth in the championship.Toy (Carlyon Bay) and Gainer (Castle Royle) are representing England on a month-long tour of Australia, alongside Bailey Gill (Lindrick), Ben Jones (Northamptonshire County) and Tom Sloman (Taunton & Pickeridge).The men’s New South Wales Medal was delayed by fog and, while regulation play was completed, Sloman is locked in a play-off for the last spot in the match play. He returns to the course at 6.30am to continue his campaign.If he’s successful he will join Jones, who tied seventh on three-under in the medal, and Gill who shared 22nd place on one over.Three more English players were among the top 32 who reached the match play: Callan Barrow (Royal Lytham & St Annes) tied 10th on two-under; Jack Hawksby (The Millbrook) tied 13th on one-under; and Matty Lamb (Hexham) tied 22nd on one over. 22 Jan 2019 Toy comes up trumps Down Under
The Rumson Country Day School held its graduation ceremony Friday, June 8, for 49 eighth-graders. On the dais was RCDS Headmaster Chad B. Small; commencement speaker and Meridian Health President and CEO John K. Lloyd; RCDS Board President Shawn Reynolds; RCDS Lower School Head Jayne S. Carmody and Upper School Head Bill Lamb. Members of the RCDS Class of 2012 are headed off to more than 15 schools including public, parochial and boarding schools.
“There’s no question that this weekend presents us with the biggest challenge we’ve faced as a group,” said Saints head coach Jeff Dubois.“We had some good success against TRU at home two weeks ago but everyone in our league knows they’re a team that performs their best at home. They’ve got a tough, rugged team and games on the smaller ice at Kamloops Memorial Arena are never fun or easy.”The Saints will look to build on their strong play of late, which resulted in four wins and a goal differential of + 31 (35 goals scored, 4 allowed) during their recently completed four-game homestand. SFU has posted a league-best 36 wins in 39 games on home ice over the past three seasons while TRU follows close behind with 31 home wins in 38 opportunities.Overall, the Saints’ weekend opponents have lost just four games combined on home ice since 2008. “SFU has lost a single game at home in three seasons so it’s clear that you won’t win in their rink unless everyone is on the same page and playing hard, mistake-free hockey. Factor that in with the travel between games, which isn’t ideal, and it’s going to be a physical and mental test for us,” Debois said.”But that’s a good thing – you want to face these types of challenges and see how you respond under tough circumstances.”NOTES: Both games this weekend will be webcast on www.FastHockey.com . . . . Forward Connor McLaughlin received an Honourable Mention for BCIHL Player of the Week on Monday following his three-goal, five-point performance against the University of Victoria on the weekend. McLaughlin is the fourth Saints player in as many weeks to receive POW recognition, as defenceman Lucas Hildebrand and forward Logan Proulx were tagged with Honourable Mentions in weeks 1 and 2 while blueliner Dylan Smith took home the award last week. . . . The Saints next home game is Saturday, November 24th against Eastern Washington University. The match-up will be the first of the regular season between Selkirk and their closest geographic rival. The undefeated Selkirk Saints put their unbeaten B.C. Intercollegiate Hockey League belt on the line this weekend with a tough two-game road trip to Kamloops and the Lower Mainland.The Saints travel to Thompson Rivers University in Kamloops before completing the two-game stint Saturday in Burnaby against Simon Fraser University.