The comments from the Fed Chief could have a significant impact on the outlook for interest rates ahead of the central bank's monetary policy meeting later this month. The Shanghai Composite index yoyo'd and eventually ended the day down 0.3 percent at 3,203.04, while shares in Southeast Asia were mixed.
The New Zealand dollar was little changed, having traded in a 0.50 U.S. cent range for the past week, as traders await testimony from Federal Reserve chair Janet Yellen and United States inflation data to provide fresh impetus to the ...
Although the markets' attention seems to have turned toward second-quarter earnings on Wall St, there will still be some interest in Fed Chair Janet Yellen's testimony before Congressional committees this week.
Against the yen, the dollar was 0.1 percent higher at 113.98, after notching a high of 114.18 in the wake of the jobs report, its loftiest level since May 11.
The dollar rose nearly 0.4 per cent to 114.29 yen, a two-month peak, while the dollar index - which measures the dollar's value against a basket of other major currencies - was a touch firmer at 96.071. The consensus is for growth of 0.3 percent, compared to a decline of 0.5 percent a year ago. Investors will look for clues as to how aggressively the Fed will continue to raise rates and start to unwind its big bond-buying program. The euro was softer at $1.1388 EUR= .
The Fed on Friday said it expects a "gradual" increase in interest rates (https://www.federalreserve.gov/monetarypolicy/mpr_default.htm) and for balance-sheet normalization to begin this year.
Takata air bag inflator ruptures during auto fix , killing man
The company added that it had mailed 12 notices about the recall effort over almost seven years to the owners of the vehicle. Eventually, the person activated the air bag inflater, which ruptured as the bag blew up, according to Honda .
"By contrast, the Bank of Japan is nowhere near a policy exit, and it's taking steps that weaken the yen", he said.
Global benchmark Brent was up 0.2 percent at $46.76, following Friday's 2.9 percent slide.
"We have been emphasising the fundamental weakness of the South African macro story for some time, and believe that market pricing on ZAR (the rand) showed a degree of complacency that in part was explained by low G3 bond yields", analysts at Morgan Stanley wrote in a note.
The 10-year US Treasury yield was steady near a two-month high of 2.398 per cent hit on Friday.
"After better-than-expected US jobs report last week, I think ... investors will wait for cues from the statement of chairwoman Janet Yellen to US Congress on Wednesday", IB Gimenez Securities Inc. research head Joylin Telagen said.
Increased drilling activity in the United States and uncertainty over Libyan and Nigerian production cuts clouded the future supply outlook, leaving USA crude CLc1 down a third of a dollar at $44.13 a barrel and Brent LCOc1 at $46.57.