Charlotte's Feed
Dec 17, 2010

Euro resilient after support test, dollar stalls

TOKYO (Reuters) – The euro sat tight on Friday, showing some resilience after bouncing off trading-range support, while the dollar paused after oversold U.S. Treasuries gained a bit of ground, taking the benchmark yield off this week’s highs.

The dollar’s failure to push through the top of this month’s trading ranges against the euro and yen has left the market in consolidation mode as operations wind down for the year-end, although many in the market doubt the euro’s troubles are over.

Dec 16, 2010

Dollar firm but lacks punch, euro drifts at lows

TOKYO, Dec 16 (Reuters) – The euro steadied on Thursday ahead
of an EU summit but looked vulnerable to further falls, while the
dollar held near the top of recent ranges against several major
currencies but lacked energy to vault them.

Trading conditions have become choppy as the year-end
approaches, making it hard to take directional bets, although a
surge in U.S. yields has boosted the dollar across the board, and
took it to a three-month high of 84.51 yen JPY= on Wednesday.

Dec 13, 2010

Euro sags in downtrend, dollar picks up with yields

TOKYO, Dec 13 (Reuters) – The euro slipped on Monday, looking
set to remain in its downtrend for now, while the dollar edged
up, supported by higher Treasury yields after improving U.S. data
late last week.

The euro has been under steady pressure in recent weeks on
concerns over debt levels in peripheral euro zone states, and
many in the market expect that pressure to remain, with some
looking for a re-test of this month’s low at $1.2969.

Dec 13, 2010

Yields hit new highs, short paper catches fire

TOKYO, Dec 13 (Reuters) – U.S. Treasuries tumbled in Asia on
Monday, driving up their 10-year yields to a new six-month high
as Japanese investors kept dumping Treasuries on the spectre of
higher growth and higher deficits in the United States.

The short end of the market is increasingly under pressure as
the yield on two-year notes US2YT=RR also rose to a near
six-month high and federal fund rate futures prices <0#FF:>
started to price in the chance of a possible rate hike by the
Federal Reserve in 2012.

Dec 13, 2010

Euro sags in downtrend, dollar lacks drive

TOKYO, Dec 13 (Reuters) – The euro slipped on Monday, looking
set to remain in its downtrend for now, while the dollar held
steady, supported by higher Treasury yields after improving U.S.
data late last week.

The euro has been under steady pressure in recent weeks on
concerns over debt levels in peripheral euro zone states, and
many in the market expect that pressure to remain with some
looking for a re-test of this month’s low at $1.2969.

Dec 13, 2010

Euro sags as downtrend remains, dollar lacks steam

TOKYO (Reuters) – The euro slipped on Monday, looking set to remain in its downtrend for now, while the dollar held steady, supported by higher Treasury yields after improving U.S. data late last week.

The euro has been under steady pressure in recent weeks on concerns over debt levels in peripheral euro zone states, and many in the market expect that pressure to remain with some looking for a re-test of this month’s low at $1.2969.

Dec 9, 2010

Steady in Asia,look to consolidate after bruising

TOKYO, Dec 9 (Reuters) – U.S. Treasury prices rose in Asia on
Thursday and futures edged up as the market found some support
after a steep two-day sell-off, with some saying the benchmark
yield could start to stabilise around 3 percent.

The benchmark 10-year note yield US10YT=RR rose 40 basis
points in two sessions after a deal in the U.S. to extend tax
cuts sparked concern about inflation and fiscal deterioration.

Dec 8, 2010

Dollar presses higher on yield gain, euro sags

TOKYO/SINGAPORE, Dec 8 (Reuters) – The dollar firmed and
looked set to climb further on Wednesday, having powered up
across the board the day before on the back of a spike in U.S.
bond yields, while the euro slippped towards some significant
support levels.

The greenback rose sharply on Tuesday, gaining 1 percent on
the yen and rising against the likes of the Australian dollar
after U.S. Treasury yields surged on a proposed extension in U.S.
tax cuts, which fuelled concerns about inflation and the cost of
the massive debt burden.

Dec 6, 2010

Dollar pushes back, market weighs QEII vs euro debt

TOKYO (Reuters) – The dollar on Monday recouped some ground lost from a renewed focus on U.S. quantitative easing, and was helped by short covering, while the euro fell back toward channel support ahead of a meeting of European finance ministers.

The greenback pulled up off a three-week low against the yen and two-weeks lows against the euro set on Friday after disappointing U.S. jobs data and a report that Federal Reserve Chairman Ben Bernanke did not rule out bond purchases beyond those planned.

Dec 5, 2010

Dollar nurses losses as QE takes centerstage again

TOKYO (Reuters) – The dollar sat at its lowest levels for a couple of weeks on Monday, nursing large losses from weaker than expected employment data and renewed focus on U.S. quantitative easing.

Federal Reserve Chairman Ben Bernanke was reported in an interview with CBS television as not ruling out further bond purchases beyond the $600 billion already announced, helping take the dollar to its lowest in three weeks against the yen on Friday, and two weeks against the euro.