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NEW YORK (Reuters) - The U.S. dollar strengthened against the Japanese yen on Wednesday as trade tensions mounted and after the Labor Department’s expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year. The dollar broke through the psychologically significant barrier of 112 yen JPY= for the first time since Jan. 10, rising as much as 1.3 percent to 112.17 yen. The day's strong flows into the dollar/yen trade continued a trend that began after the United States last week reported decent employment data and a pick-up in wages.

Both the yen and the dollar are favored as safe-haven investments, but the strength of the greenback suggests investor faith in the U.S, economy rather than a bid for safety, Pushing the greenback past 112 yen “would suggest the market is bullish on the dollar irrespective of the trade war,” said Boris Schlossberg, managing director of FX strategy at BK Asset Management, Not all analysts viewed trade tensions as a hindrance to the dollar, A Bank of America survey last week reported that investor thinking had shifted since the spring, and the best cufflinks brands market saw potential dollar-positive implications from a trade war, as the United States would be better equipped to weather a slowdown in trade than other major economies..

China on Wednesday accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in the trade dispute between the world’s two largest economies, threatening 10 percent tariffs on $200 billion of Chinese goods. The dollar index .DXY, which measures the greenback against a basket of six rivals, was up 0.7 percent to a high of 94.77. The biggest losers were the offshore Chinese yuan CNH=, which skidded toward an 11-month low, and the Australian dollar AUD=, which fell as much as 1.3 percent.

The U.S, inflation data propelled the dollar higher, save for a brief dip in midday caused by a jump in the euro, U.S, producer prices rose in June, with gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years, The Labor Department data supports views of steadily rising price pressures, which could encourage the Fed to increase interest rates twice more this year, Rising rates would curb inflation and increase the value of the dollar, The Canadian dollar CAD= whipsawed after the Bank of Canada increased interest rates as expected, After an initial 0.8 percent rally, the loonie swooned more than 1.2 percent when policymakers said U.S, tariffs would have a bigger best cufflinks brands effect on the economy than originally anticipated..

SAO PAULO (Reuters) - Planemaker Embraer SA (EMBR3.SA) is counting on the votes of public-sector Brazilian shareholders to outweigh any potential investor objections to its tie-up with Boeing SA (BA.N), two people with knowledge of the matter said. Doubts about the valuation of Embraer’s commercial jet unit in a proposed $4.75 billion joint venture sent Embraer shares tumbling nearly 15 percent in a single day last week, although shares are still up 32 percent since the deal was first reported.

Some small investors have complained the deal effectively gives Boeing control of Embraer’s main business without having to pay the 50 percent premium called for in a poison pill in the planemaker’s bylaws, Top foreign shareholders have best cufflinks brands so far kept mum on the issue, Even if those offshore investors do object, however, one of Embraer’s little-known corporate bylaws will effectively give a Brazilian-held share about six times the weight of a foreigner’s at a shareholder assembly, according to the sources who requested anonymity to discuss the deal publicly..

The support of public-sector pension fund Previ and state development bank BNDES, which together hold about 10 percent of Embraer shares may thus prove decisive, the sources added, underlining the sway of the Brazilian government which also has a “golden share” in the formerly state-controlled company. Embraer, Boeing and Previ declined to comment on the matter. BNDES did not reply to questions. LITTLE-KNOWN BYLAW. Embraer’s corporate statutes grant Brazilians at least 60 percent of voting rights at shareholder meetings, even though domestic shareholders held just 19 percent of Embraer’s outstanding shares as of March, according to the company — and about half of those belong to Previ and BNDES.

BNDES, which holds the shares through investment arm BNDES Participações SA, was part of a government working group discussing the tie-up along with representatives of the finance and defense ministries, BNDES head Dyogo Oliveira on Tuesday said it was “certainly a good deal.”, Previ, which manages pensions for employees best cufflinks brands of state-controlled lender Banco do Brasil SA (BBAS3.SA), has not made its stance on the deal public, Embraer’s top shareholders, Brandes Investment Partners LP, BlackRock Inc (BLK.N) and Mondrian Investment Partners LP may also have their say limited by a bylaw restricting the voting rights of investors with more than 5 percent of shares — the case for all three as recently as March..



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