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Karen Brettell

TREASURIES-Yield steady, U.S.-China trade in focus

29 Nov 2019

(Adds Huawei report, updates prices) * Geopolitical tensions between U.S., China in focus * Month-end demand helps bond markets * Next week's jobs report next major economic focus By Karen Brettell NEW YORK, Nov 29 U.S. Treasury yields were steady on Friday after China said it would retaliate after the United States passed legislation backing anti-government protesters in Hong Kong, potentially complicating the chance of a bilateral trade deal. Bond yields fell overnight after China said on Thursday that it would take "firm counter measures" in response to the legislation, and that attempts to interfere in the Chinese-ruled city were doomed to fail. Officials in both countries have recently talked up the odds of reaching a "phase one" trade deal, which may include a rollback in tariffs placed on each others' goods. Sources told Reuters on Friday the U.S. government might expand its power to stop more foreign shipments of products with U.S. technology to China's Huawei Technologies Co Ltd , after its blacklisting of the world's largest telecoms equipment maker had failed to cut off its supplies. The benchmark 10-year note yielded 1.767%, little changed from late Wednesday. The bond market was closed on Thursday for the U.S. Thanksgiving Day holiday and will close early at 2:00 p.m. EST on Friday. Trading volumes were light as many traders and investors remained on holiday through the weekend. Month-end demand by investors rebalancing bond portfolios was seen as helping demand for bonds on Friday. The New York Federal Reserve injected $88.45 billion in liquidity into the overnight repurchase agreement market on Friday as part of its ongoing operations to support short-term funding markets. Funding stresses in September prompted the Federal Reserve to intervene and it has pledged to continue the operations through the year-end period, when banks and other investors reduce risk taking, which can elevate funding stresses. The next major U.S. economic focus will be the November jobs report due next Friday. November 29 Friday 1:25PM New York / 1825 GMT Price Current Net Change Yield % (bps) Three-month bills 1.555 1.5825 -0.026 Six-month bills 1.58 1.619 0.000 Two-year note 99-202/256 1.6079 -0.018 Three-year note 100-14/256 1.6059 -0.011 Five-year note 99-112/256 1.6177 -0.006 Seven-year note 99-100/256 1.7178 -0.001 10-year note 99-216/256 1.7671 0.000 30-year bond 103-240/256 2.1949 0.003 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 1.00 0.75 spread U.S. 3-year dollar swap -2.50 0.75 spread U.S. 5-year dollar swap -3.75 1.00 spread U.S. 10-year dollar swap -7.25 0.75 spread U.S. 30-year dollar swap -33.25 0.25 spread (Editing by Chizu Nomiyama and Richard Chang)

TREASURIES-Yield edge higher, U.S.-China talks in focus

29 Nov 2019

* Geopolitical tensions between U.S., China in focus * Month-end demand helps bond markets * Next week's jobs report next major economic focus By Karen Brettell NEW YORK, Nov 29 U.S. Treasury yields inched higher on Friday, erasing an earlier fall after China said it would retaliate to the United States passing legislation backing anti-government protestors in Hong Kong, potentially reducing the chance that the two countries will reach a deal to deescalate their trade war. Bond yields fell overnight after China said on Thursday that it would take "firm counter measures" in response to U.S. legislation, and that attempts to interfere in the Chinese-ruled city were doomed to fail. It comes after officials in both countries have talked up the odds that the U.S. and China will reach a “phase one” trade deal, which may include a rollback in tariffs placed on each others’ goods. Benchmark 10-year note yields were last 1.774%, up from 1.767% late Wednesday. The bond market was closed on Thursday for the Thanksgiving Day holiday and will close early at 2:00 pm EST on Friday. Trading volumes were light as many traders and investors remained on holiday between Thanksgiving Day and the weekend. Month-end demand by investors rebalancing bond portfolios was seen as helping demand for bonds on Friday. The New York Federal Reserve also injected $88.45 billion in liquidity into the overnight repurchase agreement market on Friday as part of its ongoing operations to support short-term funding markets. Funding stresses in September prompted the Federal Reserve to intervene and it has pledged to continue the operations through the year-end period, when banks and other investors reduce risk taking, which can elevate funding stresses. The next major U.S. economic focus will be the jobs report for November, which will be released next Friday. November 29 Friday 9:27AM New York / 1427 GMT Price Current Net Change Yield % (bps) Three-month bills 1.565 1.5928 -0.015 Six-month bills 1.5825 1.6216 0.003 Two-year note 99-192/256 1.6279 0.002 Three-year note 100 1.6249 0.008 Five-year note 99-92/256 1.6341 0.010 Seven-year note 99-88/256 1.725 0.006 10-year note 99-200/256 1.774 0.007 30-year bond 103-236/256 2.1956 0.004 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 0.25 0.00 spread U.S. 3-year dollar swap -3.25 0.00 spread U.S. 5-year dollar swap -4.75 0.00 spread U.S. 10-year dollar swap -8.25 -0.25 spread U.S. 30-year dollar swap -33.25 0.25 spread (Editing by Chizu Nomiyama)

TREASURIES-Yields rise on strong capital goods orders

27 Nov 2019

(Adds inflation data, auction results, updates prices) * Capital goods orders beat expectations in October * Treasury sells $32 bln seven-year notes to strong demand * Treasury market closed on Thursday By Karen Brettell NEW YORK, Nov 27 U.S. Treasury yields rose on Wednesday after data showed that new orders for key U.S.-made capital goods increased by the most in nine months in October, boosting confidence that the U.S. economy is solid. The Commerce Department said on Wednesday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, surged 1.2% last month, the largest gain since January. These so-called core capital goods orders were boosted by increased demand for machinery, computers and electronic products, and fabricated metals. “The numbers certainly surprised to the upside ... there’s been a lot of concern about weak investment,” said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. However, “the problem is this is one of the most volatile data series we have in the main U.S. data release calendar, so it is difficult to read into it,” Goldberg said. Bonds pared price losses after data showed that inflation remained benign in October. Excluding the volatile food and energy components, the PCE price index edged up 0.1% last month after being unchanged in September. That lowered the annual increase in the so-called core PCE price index to 1.6% in October from 1.7% in September. Risk appetite also improved after U.S. President Trump said on Tuesday that the United States and China are close to agreement on the first phase of a trade deal, reducing demand for safe haven U.S. government bonds. Benchmark 10-year note yields were last at 1.760%, up from 1.740% late Tuesday. The Treasury Department sold $32 billion in seven-year notes on Wednesday to strong demand, the final sale of $113 billion in coupon-bearing supply this week. A $40 billion sale of two-year notes on Monday and a $41 billion sale of five-year notes on Tuesday were marked by solid demand. The bond market will be closed on Thursday for the Thanksgiving Day holiday. November 27 Wednesday 12:48PM New York / 1748 GMT Price Current Net Change Yield % (bps) Three-month bills 1.59 1.6185 0.013 Six-month bills 1.5875 1.6269 0.008 Two-year note 99-197/256 1.6179 0.032 Three-year note 100-12/256 1.6086 0.030 Five-year note 99-112/256 1.6177 0.030 Seven-year note 99-112/256 1.7115 0.029 10-year note 99-232/256 1.7603 0.020 30-year bond 104-28/256 2.1873 0.009 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 0.00 -0.75 spread U.S. 3-year dollar swap -4.00 -0.50 spread U.S. 5-year dollar swap -5.25 0.75 spread U.S. 10-year dollar swap -8.50 0.50 spread U.S. 30-year dollar swap -34.50 0.75 spread

TREASURIES-Yields rise on strong capital goods orders

27 Nov 2019

* Capital goods orders beat expectations in October * Treasury to sell $32 bln seven-year notes * Treasury market closed on Thursday By Karen Brettell NEW YORK, Nov 27 U.S. Treasury yields rose on Wednesday after data showed that new orders for key U.S.-made capital goods increased by the most in nine months in October, boosting confidence that the U.S. economy is solid. The Commerce Department said on Wednesday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, surged 1.2% last month, the largest gain since January. These so-called core capital goods orders were boosted by increased demand for machinery, computers and electronic products, and fabricated metals. “The numbers certainly surprised to the upside ... there’s been a lot of concern about weak investment,” said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. However, “the problem is this is one of the most volatile data series we have in the main U.S. data release calendar, so it is difficult to read into it,” Goldberg said. Risk appetite also improved after U.S. President Trump said on Tuesday that the United States and China are close to agreement on the first phase of a trade deal, reducing demand for safe haven U.S. government bonds. Benchmark 10-year note yields were last at 1.767%, up from 1.740% late Tuesday. The Treasury Department will sell $32 billion in seven-year notes on Wednesday, the final sale of $113 billion in coupon-bearing supply this week. A $40 billion sale of two-year notes on Monday and a $41 billion sale of five-year notes on Tuesday were marked by solid demand. The bond market will be closed on Thursday for the Thanksgiving Day holiday. November 27 Wednesday 9:08AM New York / 1408 GMT Price Current Net Change Yield % (bps) Three-month bills 1.59 1.6185 0.013 Six-month bills 1.5875 1.6269 0.008 Two-year note 99-201/256 1.6098 0.024 Three-year note 100-14/256 1.6059 0.027 Five-year note 99-110/256 1.6193 0.031 Seven-year note 99-108/256 1.7139 0.031 10-year note 99-216/256 1.7671 0.027 30-year bond 103-212/256 2.1998 0.022 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 0.75 0.00 spread U.S. 3-year dollar swap -3.50 0.00 spread U.S. 5-year dollar swap -5.25 0.75 spread U.S. 10-year dollar swap -8.75 0.25 spread U.S. 30-year dollar swap -35.00 0.25 spread

TREASURIES-U.S. bonds rally with UK, solid demand for 5-year note sale

26 Nov 2019

(Adds data, auction results, updates prices) * Treasuries rally in line with gilts * Bonds briefly weaken on trade optimism * Treasury sells $41 bln five-year notes By Karen Brettell NEW YORK, Nov 26 U.S. Treasury yields fell alongside British government debt on Tuesday, while expectations that the Federal Reserve will keep rates on hold kept the yield curve near its flattest level in almost a month. U.S. bonds and British gilts rallied after British polls showed the ruling Conservatives as runaway favorites to win the Dec. 12 election with a pledge to implement Brexit and halt 3-1/2 years of political uncertainty. “As we’re getting closer to the (British) election there are concerns about any spillover,” said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. Short-dated debt, meanwhile, has been supported by expectations that the U.S. Fed will be on hold for the intermediate term, after cutting rates three times this year. “Front-end rates continue to be parked here, given that expectations are clear that the Fed’s going to be on hold,” Lederer said. Fed Chairman Jerome Powell on Monday said that Fed officials have a favorable outlook for the U.S. economy founded on strong consumer spending, which is bolstered by a robust job market, increasing incomes and solid consumer confidence. Data on Tuesday showed U.S. consumer confidence fell for a fourth straight month in November amid worries about current business conditions and employment prospects, but remained at levels sufficient to support a steady pace of consumer spending. Benchmark 10-year note yields were last 1.741%, down from 1.764% late Monday. The yield curve between two-year and 10-year notes was 15 basis points, after reaching 13 basis points on Monday, which was the flattest level since Oct. 30. Month- and year-end portfolio rebalancing was also seen as supporting demand for U.S. bonds. Treasury yields had risen overnight on fresh optimism that the United States and China will reach a deal to deescalate their trade war. China's Vice Premier Liu He, U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin held a phone call on issues related to a phase one trade agreement on Tuesday, China's commerce ministry said. The Treasury Department sold $41 billion in five-year notes to solid demand on Tuesday, the second sale of $113 billion in coupon-bearing supply this week. A $40-billion sale of two-year notes on Monday was also strong. The government will auction $32 billion in seven-year notes on Wednesday. November 26 Tuesday 2:14PM New York / 1914 GMT Price Current Net Change Yield % (bps) Three-month bills 1.5725 1.6008 0.004 Six-month bills 1.5775 1.6166 0.000 Two-year note 99-213/256 1.5859 -0.019 Three-year note 100-32/256 1.5816 -0.021 Five-year note 99-136/256 1.5992 -0.017 Seven-year note 99-152/256 1.6873 -0.016 10-year note 100-20/256 1.7414 -0.023 30-year bond 104-96/256 2.1755 -0.032 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 0.75 1.75 spread U.S. 3-year dollar swap -3.75 0.50 spread U.S. 5-year dollar swap -6.00 0.50 spread U.S. 10-year dollar swap -9.00 0.75 spread U.S. 30-year dollar swap -35.25 1.00 spread (Editing by Kevin Liffey Editing by Nick Zieminski)

TREASURIES-US bonds rally with UK, Treasury to sell 5-year notes

26 Nov 2019

* Treasuries rally in line with gilts * Bonds briefly weaken on trade optimism * Treasury to sell $41 bln five-year notes By Karen Brettell NEW YORK, Nov 26 U.S. Treasury yields fell alongside British government debt on Tuesday, while expectations that the Federal Reserve will keep rates on hold kept the yield curve near its flattest level in almost a month. U.S. bonds and British gilts rallied after British polls showed the ruling Conservatives as runaway favorites to win the Dec. 12 election with a pledge to implement Brexit and halt 3-1/2 years of political uncertainty. “As we’re getting closer to the (British) election there are concerns about any spillover,” said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. Short-dated debt, meanwhile, has been supported by expectations that the U.S. Fed will be on hold for the intermediate term, after cutting rates three times this year. “Front-end rates continue to be parked here given that expectations are clear that the Fed’s going to be on hold,” Lederer said. Fed Chairman Jerome Powell on Monday said that Fed officials have a favorable outlook for the U.S. economy founded on strong consumer spending, which is bolstered by a robust job market, increasing incomes and solid consumer confidence. Benchmark 10-year note yields were last 1.741%, down from 1.764% late Monday. The yield curve between two-year and 10-year notes was 14 basis points, after reaching 13 basis points on Monday, which was the flattest level since Oct. 30. Month- and year-end portfolio rebalancing was also seen as supporting demand for U.S. bonds. Treasury yields had risen overnight on fresh optimism that the United States and China will reach a deal to deescalate their trade war. China's Vice Premier Liu He, U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin held a phone call on issues related to a phase one trade agreement on Tuesday, China's commerce ministry said. The Treasury Department will sell $41 billion in five-year notes on Tuesday, the second sale of $113 billion in coupon-bearing supply this week. The government sold $40 billion in two-year notes to solid demand and will sell $32 billion in seven-year notes on Wednesday. November 26 Tuesday 9:22AM New York / 1422 GMT Price Current Net Change Yield % (bps) Three-month bills 1.565 1.5931 -0.004 Six-month bills 1.575 1.614 -0.003 Two-year note 99-212/256 1.5879 -0.017 Three-year note 100-28/256 1.587 -0.016 Five-year note 99-134/256 1.6009 -0.015 Seven-year note 99-156/256 1.6849 -0.018 10-year note 100-20/256 1.7414 -0.023 30-year bond 104-64/256 2.1811 -0.026 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap 1.00 2.00 spread U.S. 3-year dollar swap -3.50 0.75 spread U.S. 5-year dollar swap -6.00 0.50 spread U.S. 10-year dollar swap -8.75 1.00 spread U.S. 30-year dollar swap -35.50 0.75 spread (Editing by Kevin Liffey)

TREASURIES-Bonds steady, two-year auction sees solid demand

25 Nov 2019

(Adds auction results, updates prices) * Treasury sells $40 bln in two-year notes * 42-day repo operation oversubscribed * U.S.-China trade deal in focus By Karen Brettell NEW YORK, Nov 25 U.S. Treasury yields were little changed on Monday after the Treasury Department sold $40 billion in two-year notes to solid demand, the first sale of $113 billion in coupon-bearing supply this week. Primary dealers bought only 23% of the two-year sale, a sign that there was strong demand for the notes from fund managers and other investors. The Treasury will also sell $41 billion in five-year notes on Tuesday and $32 billion in seven-year notes on Wednesday. The auctions come as investors are also closely watching funding markets for any sign of strain before month- and year-end, when dealers and investors typically pare down their balance sheets. “I think the things that people are looking at the most are funding and supply,” said Tom Simons, a money market economist at Jefferies in New York. Funding stresses in September prompted the Federal Reserve to step in to shore up liquidity in the market. The New York Federal Reserve on Monday accepted $25 billion of $49 billion in bids from primary dealers at a 42-day repurchase agreement (repo) operation, showing strong demand for loans that will cover the year-end period. “This isn’t indicative of a panic or funding pressure, but it shows there is already a cognizance of trying to buy some insurance in case funding does get wonky by the end of the year,” Simons said. Optimism that a trade deal will be reached to end the damaging U.S-China trade war boosted risk appetite and reduced demand for safe-haven bonds earlier on Monday, though bonds reversed price losses after the New York open. China and the United States are very close to a phase one trade deal, the Global Times, a tabloid run by the ruling Communist Party's official People's Daily, said on Monday, discounting "negative" media reports. China said on Sunday it would seek to improve protections for intellectual property rights, which has been a key point of contention between the two countries. Fed Chair Jerome Powell will speak on Monday evening and is expected to underline the steady outlook for rates. The bond market will be closed on Thursday for the Thanksgiving Day holiday. November 25 Monday 1:56PM New York / 1856 GMT Price Current Net Change Yield % (bps) Three-month bills 1.5575 1.5894 0.000 Six-month bills 1.57 1.6086 0.013 Two-year note 99-198/256 1.6196 -0.010 Three-year note 100-16/256 1.6033 -0.014 Five-year note 99-116/256 1.6158 -0.013 Seven-year note 99-128/256 1.7017 -0.009 10-year note 99-228/256 1.762 -0.012 30-year bond 103-204/256 2.2013 -0.022 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap -1.00 1.25 spread U.S. 3-year dollar swap -4.25 1.00 spread U.S. 5-year dollar swap -6.50 1.00 spread U.S. 10-year dollar swap -9.50 1.00 spread U.S. 30-year dollar swap -36.25 1.25 spread (Editing by Nick Zieminski)

TREASURIES-Bonds steady before two-year auction

25 Nov 2019

* Treasury to sell $40 bln two-year notes Monday * 42-day repo operation oversubscribed * U.S.-China trade deal in focus By Karen Brettell NEW YORK, Nov 25 U.S. Treasury yields were steady on Monday before the Treasury Department is due to sell $113 billion in coupon-bearing supply this week, and as investors focused on the likelihood that the United States and China will reach a trade deal. The Treasury will sell $40 billion in two-year notes on Monday, followed by $41 billion in five-year notes on Tuesday and $32 billion in seven-year notes on Wednesday. “I think the things that people are looking at the most are funding and supply,” said Tom Simons, a money market economist at Jefferies in New York. Funding constraints heading into month- and year-end are in focus, after funding stresses in September prompted the Federal Reserve to step in to shore up liquidity in the market. The New York Federal Reserve on Monday accepted $25 billion of $49 billion in bids from primary dealers at a 42-day repurchase agreement (repo) operation, showing strong demand for loans that will cover the year-end period. “This isn’t indicative of a panic or funding pressure, but it shows there is already a cognizance of trying to buy some insurance in case funding does get wonky by the end of the year,” Simons said. Optimism that a trade deal will be reached to end the damaging U.S-China trade war boosted risk appetite and reduced demand for safe-haven bonds earlier on Monday, though bonds reversed price losses after the New York open. China and the United States are very close to a phase one trade deal, the Global Times, a tabloid run by the ruling Communist Party's official People's Daily, said on Monday, discounting "negative" media reports. China said on Sunday it would seek to improve protections for intellectual property rights, which has been a key point of contention between the two countries. Fed Chair Jerome Powell will speak on Monday evening and is expected to underline the steady outlook for rates. The bond market will be closed on Thursday for the Thanksgiving Day holiday. November 25 Monday 9:35AM New York / 1435 GMT Price Current Net Yield % Change (bps) Three-month bills 1.555 1.5868 -0.002 Six-month bills 1.56 1.5983 0.002 Two-year note 99-196/256 1.6238 -0.006 Three-year note 100-10/256 1.6114 -0.006 Five-year note 99-106/256 1.6241 -0.005 Seven-year note 99-120/256 1.7066 -0.004 10-year note 99-224/256 1.7637 -0.010 30-year bond 103-176/256 2.2062 -0.017 DOLLAR SWAP SPREADS Last (bps) Net Change (bps) U.S. 2-year dollar swap -1.00 1.25 spread U.S. 3-year dollar swap -4.00 1.25 spread U.S. 5-year dollar swap -6.75 0.75 spread U.S. 10-year dollar swap -10.00 0.50 spread U.S. 30-year dollar swap -36.75 0.75 spread (Editing by Nick Zieminski )

Dollar drops as report casts doubts on trade deal

18 Nov 2019

NEW YORK The dollar dropped against the yen and the euro on Monday after a media report dashed fresh hopes that the United States and China are close to reaching a trade deal.

FOREX-Yen gains as report casts doubts on trade deal

18 Nov 2019

* CNBC reports that China is pessimistic about tariffs * Sterling gains on hopes of Brexit deal (New throughout, updates prices, market activity and comments to U.S. market open, new byline, changes dateline, previous LONDON) By Karen Brettell NEW YORK, Nov 18 The safe haven Japanese yen gained on Monday after a media report dashed fresh hopes that the United States and China are close to reaching a trade deal. CNBC reported that China is pessimistic about reaching a trade deal due to U.S. President Donald Trump’s reluctance to roll back tariffs. It came after Chinese state media Xinhua said on Sunday that China and the United States had "constructive talks" on trade in a high-level phone call on Saturday. “I think the market is overreacting to this,” said Mazen Issa, senior FX strategist at TD Securities in New York. “There was nothing substantive that came out that suggested the deal is off or on, it’s just the ebb and flow” of the news each day. Investors are looking for signs that tariffs imposed on each country’s goods will be rolled back, as they are viewed as harming global economic growth. Another round of U.S. tariffs on Chinese goods is scheduled to take effect on Dec. 15. The yen gained to 108.64, from 109.02 before the CNBC report was released. The euro reached at 10-day high against the greenback at 1.1063. The single currency has rebounded from a more than two-year low of 1.0877 on Oct. 1 on optimism a trade deal will be signed. "Market participants remain optimistic that a partial U.S.-China trade deal will be signed soon and have welcomed tentative signs of economic improvement outside of the U.S., especially in the euro zone, both of which are eroding the relative appeal of the U.S. dollar," Lee Hardman, currency analyst at MUFG, said. Still analysts say that the European and global economies need to show more strength to sustain a euro rally. “One of the things the euro is, is a pro-cyclical or growth currency and so when global growth performs well you tend to see the euro perform well, but we’re not there yet,” said TD's Issa. Sterling, meanwhile, was boosted by expectations that the Conservative (Tory) Party could win a majority in the Dec. 12 election. It was also supported by British Prime Minister Boris Johnson saying that all Tory candidates in the election have pledged to back his Brexit deal, which could open the door to getting the agreement through parliament. ======================================================== Currency bid prices at 9:42AM (1442 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1063 $1.1050 +0.12% -3.54% +1.1068 +1.1050 Dollar/Yen JPY= 108.6400 108.7300 -0.08% -1.47% +109.0600 +108.6300 Euro/Yen EURJPY= 120.19 120.20 -0.01% -4.78% +120.6800 +120.1000 Dollar/Swiss CHF= 0.9880 0.9897 -0.17% +0.67% +0.9914 +0.9882 Sterling/Dollar GBP= 1.2963 1.2899 +0.50% +1.61% +1.2984 +1.2901 Dollar/Canadian CAD= 1.3223 1.3221 +0.02% -3.04% +1.3235 +1.3210 Australian/Doll AUD= 0.6805 0.6819 -0.21% -3.46% +0.6822 +0.6799 ar Euro/Swiss EURCHF= 1.0931 1.0937 -0.05% -2.87% +1.0962 +1.0931 Euro/Sterling EURGBP= 0.8534 0.8565 -0.36% -5.01% +0.8566 +0.8523 NZ NZD= 0.6396 0.6399 -0.05% -4.78% +0.6412 +0.6391 Dollar/Dollar Dollar/Norway NOK= 9.1201 9.0898 +0.33% +5.57% +9.1330 +9.0642 Euro/Norway EURNOK= 10.0914 10.0410 +0.50% +1.87% +10.0988 +10.0272 Dollar/Sweden SEK= 9.6394 9.6390 +0.09% +7.54% +9.6490 +9.6195 Euro/Sweden EURSEK= 10.6654 10.6557 +0.09% +3.91% +10.6697 +10.6430 (Editing by Karen Brettell; Additional reporting by Olga Cotaga in London; Editing by Steve Orlofsky)

World News

U.S. House panel approves impeachment charges against Trump

A Democratic-controlled U.S. House of Representatives committee approved charges of abuse of power and obstruction against Republican President Donald Trump on Friday, making it almost certain he will become the third American president in history to be impeached.