Asian shares weaken, dollar up after Fed's latest statement

Comex Gold

Comex Gold

Against the U.S. dollar and the euro, the kiwi dropped to 0.7303 and 1.6439 from an early 2-day highs of 0.7342 and 1.6349, respectively.

The currency had soared to a 15-month high of $1.3618 on Monday on speculation that the BoE would raise interest rates soon for the first time in almost a decade.

"The primary reason USA yields are creeping up is after thinking about it clearly the market has decided that the Fed is unlikely to change the December 2017 dot - still saying they expect one more rate hike in 2017", BMO's Anderson said. Excluding food and energy, 12-month core CPI held steady at 1.7 percent, the same increase seen every month since May.

On Wall Street on Monday, the Dow Jones Industrial Average closed at a record high for the fifth straight session, and the S&P 500 marked its second straight closing record high, as higher U.S. Treasury yields helped lift financial shares.

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Toyota Motor Corp7203.T surged 3.8 percent, Nissan Motor Co7201.T added 2.1 percent and Panasonic Corp6752.T gained 2.5 percent.

USA bond yields rose, pushing up the US dollar after the Fed's decision, but US benchmark stock indexes were little changed. Since December 2015, the Fed has modestly raised the rate four times.

However, the latest core inflation reading last week was the strongest in months, which could push the Fed to raise interest rates for a third time in 2017, investors and analysts have said.

Following the announcement, bond prices slumped, sending the yield on the 10-year Treasury note to 2.27 percent from 2.25 percent late Tuesday. Hong Kong's Hang Seng index added 0.3 percent to 28,117.50.

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The kiwi dropped to 60.71 euro cents from 61.23 cents, fell to 80.89 yen from 81.27 yen and declined to 4.7697 yuan from 4.7872 yuan.

Gold declined to its lowest in nearly four weeks as investors continued to assess the Fed statement. Zions Bancorporation climbed 70 cents, or 1.6 percent, to $45.11. Prices have fallen in six of the last seven sessions after hitting their highest level in more than a year earlier this month, weighed down by easing tensions between the US and North Korea and a stronger dollar.

LONDON, Sept 20 (Reuters) - Germany's 10-year bond yield hovered near recent five-week highs on Wednesday as investors awaited the conclusion of a U.S.

South Korean shares dipped 0.1 percent, against a backdrop of caution ahead of the Fed meeting as well as continuing tensions on the Korean peninsula. The WSJ Dollar Index, which tracks the US currency against 16 others, was recently down 0.2%.

IT dept raids premises of former Ktka CMs son-in-law
SM Krishna was known to be a popular Congress leader in the state, however, he switched to BJP a year ago . Siddharth had interests, including hospitality, coffee plantation, and consultancy, the sources said.

United States crude oil prices rose above $50 per barrel yesterday and were near last week's multi-month highs as the number of United States rigs drilling for new production fell and refineries continued to restart after getting knocked out by Hurricane Harvey.

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