Daniel's Feed
Nov 7, 2014
Nov 7, 2014

Dollar off 4-1/2-year high after U.S. jobs data

NEW YORK, Nov 7 (Reuters) – The dollar fell on Friday after
a solid but below-expectation October U.S. jobs report as
investors took profits on the greenback’s months-long rally that
has taken it to multi-year highs in anticipation of tighter U.S.
monetary policy next year.

U.S. nonfarm payrolls grew at a fairly brisk 214,000 pace,
but this was under economists’ forecasts for 231,000. The
jobless rate dropped to a fresh six-year low of 5.8 percent.

Nov 7, 2014
Nov 7, 2014

Dollar retreats from four-and-a-half-year high after U.S. jobs data

NEW YORK (Reuters) – The dollar slipped on Friday after a solid but below-expectation October U.S. jobs report as investors took some profits on the greenback’s months-long rally that has seen it reach multi-year highs in anticipation of tighter U.S. monetary policy next year.

Jobs growth in the United States increased at a fairly brisk pace last month, adding 214,000 non-farm jobs, which was under economists’ forecasts for 231,000 new jobs. The unemployment rate dropped to 5.8 percent, a fresh six-year low.

Nov 7, 2014

Dollar retreats from 4 1/2-year high after U.S. jobs data

NEW YORK, Nov 7 (Reuters) – The dollar slipped on Friday
after a solid but below-expectation October U.S. jobs report as
investors took some profits on the greenback’s months-long rally
that has seen it reach multi-year highs in anticipation of
tighter U.S. monetary policy next year.

Jobs growth in the United States increased at a fairly brisk
pace last month, adding 214,000 non-farm jobs, which was under
economists’ forecasts for 231,000 new jobs. The unemployment
rate dropped to 5.8 percent, a fresh six-year low.

Nov 6, 2014
Nov 5, 2014

Dollar at multi-year highs after U.S. elections, focus on ECB

NEW YORK, Nov 5 (Reuters) – The dollar rose on Wednesday,
extending multi-year highs after Republicans won control over
both chambers of the U.S. Congress for the first time since
2006, lifting investor expectations for more pro-business
policies.

Chances for a reduction in political gridlock boosted the
greenback on hopes this might spur more economic recovery. An
improving U.S. economy, with the unemployment rate at 5.9
percent, its lowest point since mid-2008, sharply contrasts with
the moribund economies of Japan and the euro zone.

Nov 5, 2014

Dollar extends multi-year highs after U.S. elections

NEW YORK, Nov 5 (Reuters) – The dollar rose on Wednesday,
extending multi-year highs after Republicans in mid-term
elections won control over both chambers of the U.S. Congress
for the first time since 2006, lifting investor expectations for
more pro-business policies.

Chances for less political gridlock boosted the greenback
with hopes that this might spur an economic recovery in which
the U.S. unemployment rate has fallen to 5.9 percent.

Nov 4, 2014
Nov 4, 2014

Euro supported by report suggesting ECB’s Draghi will be challenged

NEW YORK, Nov 4 (Reuters) – The euro rose on Tuesday on a
report citing internal tensions within the European Central Bank
over the leadership style of its chief, Mario Draghi, that left
markets expecting limits on future ECB loosening of monetary
policy.

An exclusive report by Reuters said that euro area national
central bankers plan to challenge Draghi at a regularly
scheduled ECB meeting this week. They are particularly angered
by his move to effectively set a target for increasing the
bank’s balance sheet immediately after the governing council
explicitly agreed not to make any figure public, ECB sources
told Reuters.

    • 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
    • More from Daniel

    • Contact Daniel

    • Follow Daniel