Banking & Finance

[SYDNEY] The Australian and New Zealand dollars loitered near multi-month highs on Tuesday (Sep 1) as a global selloff in bonds kept investors cautious, although domestic economic data offered support at the margin.

Boer, who has held senior roles at UBS and Credit Suisse, will take up the position on Sep 17

Hawkish remarks from Federal Reserve chair Kevin Warsh fuelled bets on a September rate hike

Appointed cross-currency dealers can settle bilateral transactions in rupiah and Singdollar

Sashidhar Jagdishan’s exit comes as the lender confronts a slew of issues that have placed its governance practices under scrutiny

It is still down about 40% from an all-time high of around US$126,000 last October

He said he expects Bank of Japan Governor Kazuo Ueda to “do the right thing” on monetary policy

The currency has fallen an average 1% in September over the past five years, data shows

The Fed held interest rates steady at its July policy meeting