Poll and Economic Data Correspondent, Asia, Singapore
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Oct 11, 2013

Optimism over U.S. debt talks boosts dollar, growth currencies

LONDON (Reuters) – The dollar traded near a two-week peak versus the yen on Friday and growth-linked currencies were in demand, boosted by hopes of an end to the stalemate over the U.S. budget.

Fears of a possible U.S. debt default have damaged the credibility of the world’s largest economy and hurt the dollar, with some institutions cutting the use of U.S. Treasury bills as collateral for transactions in stocks and swaps.

Oct 11, 2013

Optimism on U.S. debt deal sees dollar rise vs yen, boosts risk

LONDON, Oct 11 (Reuters) – The dollar traded near a two-week
peak versus the yen on Friday while growth-linked currencies
outperformed as signs of a breakthrough in the U.S. budget
impasse lifted investors’ appetite for risk.

Rates on U.S. bills maturing on Oct. 17 were off highs,
pricing in a retreat in the chances of a historic debt default
next week while the stock volatility index fell as global
equities rose. That led investors to pare positions in
currencies like the yen and Swiss franc used as safe havens by
investors in times of political and financial nerves.

Oct 9, 2013

Dollar rises as Yellen likely to head Fed; focus on minutes

LONDON, Oct 9 (Reuters) – The dollar rose on Wednesday on
news that President Barack Obama has tapped Federal Reserve Vice
Chairwoman Janet Yellen to head the U.S. central bank, which
lent some relief to markets still nervous about the budget
deadlock.

Analysts said that chances of a partial resolution to the
ongoing crisis also caused investors to refrain from betting
aggressively on dollar weakness.

Oct 9, 2013

Dollar rises as Yellen tapped to be next Fed chief

LONDON (Reuters) – The dollar rose on Wednesday on market relief that President Barack Obama has tapped Federal Reserve Vice Chairwoman Janet Yellen to head the U.S. central bank, lending some certainty while the budget impasse ensues.

Although Yellen is known for her dovish stance, which should ideally be dollar-negative, strategists said the decision fuelled risk sentiment and helped the dollar gain, especially against safe-haven currencies like the yen and the Swiss franc.

Oct 8, 2013

Sterling rises on solid UK data; gilt yields edge higher

LONDON (Reuters) – Sterling rose against a weaker dollar on Tuesday as robust data provided growing evidence of a recovery in Britain’s housing market while the ongoing U.S. fiscal debate weighed on the greenback.

The pound was up 0.1 percent at $1.6111. Traders said as long as sterling held above the October 4 low of $1.6006 it could target a nine-month high of $1.6260 hit on October 1.

Oct 7, 2013

U.S. budget impasse keeps dollar under pressure

LONDON, Oct 7 (Reuters) – The dollar traded near an
eight-month low against a basket of currencies, falling against
perceived safe havens like the yen and Swiss franc as a U.S.
budget deadlock showed no sign of breaking.

Republican House Speaker John Boehner said on Sunday there
was “no way” Republican lawmakers would agree to a measure to
raise the debt ceiling unless it includes conditions to rein in
deficit spending.

Oct 7, 2013

Dollar struggles as U.S. budget standoff persists

LONDON, Oct 7 (Reuters) – The dollar traded near an eight
month low against a basket of currencies, falling against
perceived safe havens for investors like the yen and Swiss franc
as a U.S. budget impasse showed no sign of breaking.

Republican House Speaker John Boehner said on Sunday there
was “no way” Republican lawmakers would agree to a measure to
raise the debt ceiling unless it includes conditions to rein in
deficit spending.

Oct 4, 2013

US government impasse weighs on dollar, euro resilient

LONDON, Oct 4 (Reuters) – The dollar traded near an
eight-month low on Friday as the U.S. government shutdown
dragged on, while the euro held near its highest level since
February after a run of supportive economic data.

The U.S. currency was on track for its fourth consecutive
week of losses against a basket of currencies. Its index
was marginally up by 0.2 percent at 79.910, but still close to
Thursday’s trough of 79.627, its lowest in eight months.

Oct 4, 2013

U.S. government impasse weighs on dollar, euro eyes 2013 peak

LONDON (Reuters) – The dollar struggled near an eight month low on Friday as the U.S. government shutdown dragged on, while the euro, boosted by positive euro zone data, held firm within striking distance of its 2013 peak.

The dollar .DXY was flat at 79.767 against a basket of currencies, not far from the previous session’s trough of 79.627, its lowest since early February. The dollar was on track for its fourth consecutive week of losses.

Oct 2, 2013

ECB on hold, news conference in focus; dollar struggles

LONDON, Oct 2 (Reuters) – The euro held steady against the
dollar on Wednesday ahead of a European Central Bank news
conference where President Mario Draghi will be watched for
signs of any further stimulus.

The ECB kept its main refinancing and deposit rates on hold
as was widely expected.

    • About Anooja

      "Six years in Reuters covering macroeconomics and polling mainly for the G7, parts of Africa and the Gulf. Presently looking after polls and economic data coverage and writing about the exciting and complex economies of Asia. Have worked in Bangalore and Singapore."
      Hometown:
      Bangalore
      Joined Reuters:
      2005
      Languages:
      English, Hindi
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