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May 12, 2014
May 12, 2014

Euro holds line on dollar, drops against sterling

NEW YORK (Reuters) – The euro held modest gains against the dollar and yen on Monday, unperturbed by the weekend referendum in Ukraine in which pro-Russian rebels declared victory in a self-rule vote, further escalating tensions.

Against sterling however, the euro fell to a 16-month low on growing bets the European Central Bank will ease monetary policy just as the Bank of England prepares to raise interest rates.

May 9, 2014
May 9, 2014

Draghi’s warnings deflate euro but dollar’s rise seen as limited

NEW YORK (Reuters) – The euro’s sharp decline from a 2-1/2 year high against the dollar extended into Friday, a day after European Central Bank chief Mario Draghi did his best to sap the currency’s strength by threatening more monetary stimulus.

The U.S. dollar, meanwhile, traded at a one-week high against a basket of its major trading partners’ currencies, pulling it off a 20-month low. .DXY

May 7, 2014
May 7, 2014
May 7, 2014
May 7, 2014
May 7, 2014
May 7, 2014

Some investors hold fast in Russian markets, unfazed by big retreat

NEW YORK, May 6 (Reuters) – Some big global investors are
riding out the stomach-churning drops seen in Russian assets
this year, refusing to join a stampede to the exits on the
belief that any retaliation against Moscow for its role in
Ukraine will fade and prices will rebound.

A Reuters analysis of Lipper mutual fund data shows more
than three-quarters of asset managers cut their Russian
allocations in the first quarter of 2014. The few holding to
their positions acknowledge that the choice has hit performance
but argue that the price declines are so extreme as to be
unwarranted.

    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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