NEW YORK, Feb 12 (Reuters) – U.S. Treasury prices pulled up
from overnight lows on Thursday as weaker-than-expected U.S.
retail sales and weekly jobless claims reports inserted some
caution into the economic backdrop and forecasting of U.S.
The data, which showed U.S. consumer spending barely
rebounded in January suggests economic growth was slow in the
first quarter, and caused a knee-jerk reaction to buy.
NEW YORK (Reuters) – The euro advanced against the U.S. dollar late on Wednesday as conflicting reports emerged about progress between the European Union and Greece over a bailout deal due to expire at the end of the month.
Two official sources told Reuters that no deal has been reached, but that a common statement was being drafted that could leave it open for Greece to extend its current financing. A Greek official insisted there could be no extension of the deeply unpopular bailout.
CARACAS/NEW YORK (Reuters) – Venezuela’s dollar-denominated bonds tumbled on Wednesday after the government announced a new foreign exchange platform that was seen as insufficient to resolve an economic crisis and ease fears of a possible bond default.
The OPEC nation on Tuesday unveiled a new free-floating currency platform called Simadi, the third system in a three-tier exchange control mechanism meant to bolster state coffers.