Charlotte's Feed
Oct 12, 2010

Dollar firms as QE size, intervention risk pondered

TOKYO, Oct 12 (Reuters) – The dollar edged up in early trade
on Tuesday after scrambling off recent steep lows against the
euro and the yen, as the market tried to gauge the extent of
quantitative easing it expects from the Federal Reserve.

Caution about how short dollars the speculative part of the
market has become on expectations for more Fed easing and
continued wariness that Japanese authorities might intervene to
curb yen gains were also helping the greenback.

Oct 6, 2010

Dollar poised over key levels as QE prospect weighs

TOKYO, Oct 6 (Reuters) – The dollar held near eight-month
lows on the euro on Wednesday and ground towards last month’s
15-year trough on the yen, weighed down by heightened
expectations of Federal Reserve easing after Japan lined up its
own reflation tools.

Adding to speculation that the Federal Reserve will resume
quantitative easing possibly as soon as its November policy
meeting, Chicago Fed President Charles Evans was quoted as saying
the central bank should do much more to spur the economy.
[ID:nN05203033]

Oct 6, 2010

Dollar slip continues, gives ground vs yen

TOKYO (Reuters) – The dollar was stuck near eight-month lows against the euro on Wednesday and was losing ground against the yen after shedding all the gains it made in the previous session following easing by the Bank of Japan.

Riskier assets including stocks and higher-yielding currencies rallied on Tuesday following Japan’s step and a report showing U.S. services expanded more than expected in September, encouraging risk-taking but not dispelling expectations of further easing in the United States as well.

Oct 4, 2010

Dollar pushes back vs yen in short-covering rally

TOKYO, Oct 4 (Reuters) – The dollar surged higher on Monday
in a short-covering rally against the yen, which retreated
against other currencies as investors unwound some long yen
positions ahead of a Bank of Japan policy meeting this week.

Few see surprises from the BOJ meet, which ends on Tuesday,
with expectations that policy makers will extend a cheap
fund-supply tool to help shore up the economy. [ID:nTOE69003G]

Oct 4, 2010

Dollar edges up but recent lows within range

TOKYO (Reuters) – The dollar held near its weakest levels in six months against the euro on Monday, after Federal Reserve officials said more stimulus might be needed if the U.S. economic outlook remained weak.

The euro had a quick run above $1.3800 to its strongest levels since mid-March in very early Asian trade but then retreated as sell orders from Middle Eastern banks kicked in, one trader at a Canadian bank said.

Oct 1, 2010

Euro, Aussie edge up as China data supports risk

TOKYO, Oct 1 (Reuters) – The euro edged up towards a
five-month high on the U.S. dollar on Friday and the Australian
dollar gained after upbeat Chinese data encouraged a little
risk-taking in the higher-yielding currency ahead of U.S.
indicators.

The dollar steadied at 83.50 yen JPY=, remaining above the
previous day’s low at 83.16 yen and last month’s 15-year trough
below 83.00 that had prompted Japanese authorities to intervene
for the first time in six years.

Oct 1, 2010

Euro rally checked, dollar pauses as data in focus

TOKYO (Reuters) – The euro paused below a five-month high on the dollar on Friday and the greenback steadied after dropping to an eight-month low against a basket of currencies the previous day, with the market looking ahead to U.S. and Chinese data.

The dollar also held steady at 83.55 yen, backing away from the previous day’s low at 83.16 yen and moving further off last month’s 15-year low below 83.00 which had prompted Japanese authorities to intervene for the first time in six years.

Sep 30, 2010

Yen rises,euro falls after Irish bank bailout news

TOKYO, Sept 30 (Reuters) – The euro extended its losses
against the dollar and yen on Thursday after Ireland’s central
bank put the price of bailing out Anglo Irish Bank at 34 billion
euros ($46 billion).

The euro initially held steady against the dollar after the
announcement but then came under pressure. The euro also dropped
against the yen, with its losses gaining steam after triggering
stop-loss offers below 113.50 yen, traders said.

Sep 30, 2010

Dollar stuck near lows, last month-end flows eyed

TOKYO, Sept 30 (Reuters) – The dollar was pinned at the
week’s lows against the yen on Thursday, with eyes on month-end
flows for any selling pressure that might push it down further
into possible danger zones for Japanese intervention.

The dollar, hobbled by speculation of more quantitative
easing from the Federal Reserve, struggled near a five-month low
on the euro and an eight-month low on a basket of currencies
.DXY.

Sep 30, 2010

Dollar stuck near lows, wins brief respite vs yen

TOKYO (Reuters) – The dollar struggled near the week’s lows against the yen on Thursday although wariness of Japanese intervention lent it support, and it held near a five-month low on the euro, ground down by expectations of more Federal Reserve easing.

Hedge fund adviser Medley Global Advisors said in a report on Wednesday obtained by Reuters that the Bank of Japan was also preparing to ease monetary policy again given a downbeat survey of Japanese manufacturers and persistent yen strength.