archiveANLINS

Economy

Analysis: Is the US strategy of engaging China working?

WASHINGTON, Oct 6 (Reuters) - Early in the Biden administration, U.S. Secretary of State Antony Blinken vowed that the United States would only hold talks with China if they led to "tangible outcomes" to resolve disputes between the strategic rivals.Two-and-a-half years later, that approach appears to have changed.Since the start of the summer, the administration has embarked on a largely unreciprocated push to talk with Beijing, establishing working groups and sending three cabinet-level officials and its top climate envoy to Beijing.The strategy, intended in part to salvage a relationship that...
Currencies

Euro parity is back on the dial for FX markets

Euro outlook deteriorates on high oil pricesDon't rule out a move to parity, analysts sayEuro shed 3% in Q3, on track for 3rd year of lossesLONDON, Oct 4 (Reuters) - Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy's fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back towards the psychologically key $1 marker.The euro, trading at its lowest levels of this year near$1.05 , fell 3% versus the dollar in the third quarter. It is poised for a...
Banking

Morning Bid: New quarter, same old market dynamics

A man is reflected on an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 3 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.Yet another surge in the dollar and U.S. bond yields on Monday suggests the momentum in these assets - which set the tone for markets around the world - is not about to slow down just because the final quarter of the year is underway.If...
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