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Jun 5, 2014

Euro holds ground even as ECB launches low inflation fight

NEW YORK, (Reuters) – The euro rebounded from four-month lows on Thursday, brushing aside the European Central Bank’s decision to cut interest rates and announce an array of measures to loosen monetary policy in order to halt a disinflation trend.

The ECB cut all its main rates to record lows in a drive to fight off the risk of a Japan-like deflation and bring down the euro’s exchange rate. For the first time, it will charge banks 0.10 percent for parking funds at the central bank overnight.

Jun 3, 2014

Euro up after inflation data, looser ECB policy expected

NEW YORK, June 3 (Reuters) – The euro held gains against the
U.S. dollar on Tuesday, recovering ground as subdued euro zone
inflation data kept market expectations for European Central
Bank stimulus measures intact ahead of Thursday’s meeting.

Stronger-than-expected U.S. factory orders in April, a third
straight month of gains, meanwhile supported the view the U.S.
economy continued to rebuild and recover.

Jun 3, 2014
Jun 3, 2014

Euro gets a respite after euro zone inflation data

NEW YORK, (Reuters) – The euro held gains against the U.S. dollar on Tuesday, recovering ground as subdued euro zone inflation data kept market expectations for European Central Bank stimulus measures intact ahead of Thursday’s meeting.

Stronger-than-expected U.S. factory orders in April, a third straight month of gains, meanwhile supported the view the U.S. economy continued to rebuild and recover.

Jun 2, 2014

Dollar higher, euro undermined by ECB rate cut expectation

NEW YORK, June 2 (Reuters) – The U.S. dollar rose on Monday,
aided by subdued German inflation figures and
slower-than-expected manufacturing growth in the euro zone, both
of which piled pressure on the European Central Bank to
aggressively ease monetary policy this week.

The U.S. dollar index rose 0.25 percent on Monday against a
basket of currencies that make up its main trading partners
. The index is hovering at a fresh two-month high.

Jun 2, 2014
May 31, 2014
May 30, 2014

Venezuela owes Copa Airlines $500 mln – CEO

NEW YORK, May 30 (Reuters) – Copa Airlines said on
Friday the Venezuelan government owes it approximately $500
million in unrepatriated revenue, approximately 12 percent of
what the local airline association says is owed to airlines
because of currency controls.

On Friday Venezuela said it will begin releasing $2.1
billion in hard currency to companies that have struggled to
obtain greenbacks as a result of the controls. Airlines are
expected to see a $486 million disbursement.

May 30, 2014

Analysis – Carry trade, politics boost emerging market equities

NEW YORK (Reuters) – Emerging market equities in the second quarter have undergone a rebirth of sorts, rebounding from severe underperformance over the prior 12 months to flirt with the best levels in a year, but analysts say warning signs are flashing.

Major emerging markets like Brazil and India have benefited from cheap borrowing in U.S. dollars and hopes that elections will translate into economic reforms. Valuations in these markets are also historically cheap.

May 30, 2014
    • 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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