Stepping up verbal intervention may be the Reserve Bank of Australia’s only option to curb the Aussie as strengthening economic data and a neutral policy stance drive the currency toward a three-month high.
Euro-area government bonds fell as European Central Bank President Mario Draghi damped speculation policy makers will cut interest rates and refrained from introducing new stimulus to boost the recovery.
China’s Finance Minister Lou Jiwei said growth as low as 7.2 percent would meet this year’s target of “about” 7.5 percent as he tried to moderate expectations for an economy at risk from swelling debt.
Treasuries fell, pushing yields on 10-year notes higher by the most since November, along with counterparts from developed nations, as signs the crisis in Ukraine is easing reduced demand for haven assets.
Numericable SA and its shareholder Altice SA have got nine banks to arrange more than 8 billion euros ($11 billion) of debt to fund a proposed bid for Vivendi SA’s telecommunications unit SFR, according to two people familiar with the matter.