Dollar extends yen gains in Asia as Fed, BoJ diverge

Dollar extends yen gains in Asia as Fed, BoJ divergeThe dollar built on gains against the yen Thursday after the Federal Reserve unveiled plans to wind down its crisis-era stimulus and hinted at another interest rate hike before the end of the year. Fed boss Janet Yellen said the world’s biggest economy was “performing well” while it emerged after a closely watched meeting that most members of the policy board wanted to lift borrowing costs by December. “It doesn’t get any more brazenly hawkish from Dr Yellen, who along with the majority of her colleagues is clearly in the December rate hike camp and the markets are reacting to this news,” said Stephen Innes, head of Asia-Pacific trading at OANDA.


Man sets himself on fire outside New Zealand parliament

Man sets himself on fire outside New Zealand parliamentA man has reportedly set himself on fire on the grounds of New Zealand’s parliament in Wellington, two days ahead of national elections, police said on Thursday. “Ambulance are with the man currently, who’s reportedly in a critical condition,” New Zealand police said in a statement, adding they have no immediate information on the man’s identity. Police told a Reuters witness that the parliament grounds have been closed off.


Macron says Iran nuclear deal no longer enough

Macron says Iran nuclear deal no longer enoughFrance’s President Emmanuel Macron declared Wednesday that the Iran nuclear deal is no longer a sufficient safeguard against the growing power that Tehran wields in its region. “We need the 2015 accord,” he said of the agreement. Macron was speaking in New York on the sidelines of the UN General Assembly, while ministers from Iran the six world powers that signed the accord met to discuss it.