Daniel's Feed
Oct 29, 2014
Oct 29, 2014

Dollar gains on Fed confidence, rate rise seen sooner

NEW YORK, Oct 29 (Reuters) – The U.S. dollar surged higher
on Wednesday after the Federal Reserve signaled confidence the
U.S. economic recovery remained on track while investors started
to bet on an interest rate increase sooner than previously
expected.

Language in the Fed’s statement largely dismissed recent
financial market volatility and focused on gradually improving
labor markets. The Fed however did not change its benchmark
interest rate but did end its monthly bond purchase program that
was put in place to help keep market interest rates low in order
to spur lending and investment.

Oct 29, 2014

Dollar slips ahead of Fed decision, rate-hike caution expected

NEW YORK (Reuters) – The U.S. dollar weakened on Wednesday ahead of the conclusion of the Federal Reserve’s two-day meeting, as market players expected policy makers to reiterate a cautious stance on raising interest rates.

In mid-morning New York trade, the euro saw a small surge in purchases, which one trading source ascribed to a lack of normal dollar buying by corporate clients.

Oct 29, 2014
Oct 27, 2014

Euro up on U.S. data but stymied by German business sentiment

NEW YORK (Reuters) – The euro recovered lost ground in limited trade on Monday, boosted by weaker-than-expected U.S. housing data that softened a blow to the currency from news that German business morale fell.

The German data took the shine off better-than-expected stress-test results for European banks issued on Sunday but widely leaked at the end of last week.

Oct 27, 2014

Euro rebounds on US data, hemmed in by German business sentiment

NEW YORK, Oct 27 (Reuters) – The euro recovered lost ground
in rangebound trade on Monday, boosted by weaker-than-expected
U.S. housing data that softened the blow to the euro zone common
currency from news that German business morale fell.

The German data had taken the shine off better-than-expected
stress-test results for European banks issued on Sunday but
widely leaked at the end of last week.

Oct 25, 2014
Oct 25, 2014
Oct 24, 2014
Oct 24, 2014

Euro rises on bank stress tests report, short-covering

NEW YORK, Oct 24 (Reuters) – The euro rose on Friday ahead
of an official report on the health of the euro zone’s main
banks as investors continued a trend of covering their
short-positions leading to buying of the currency against the
U.S. dollar.

Despite Friday’s weakness, the dollar is on track to close
the week with a gain. Concerns about the first diagnosed case of
Ebola in New York City, which stifled the dollar’s rally late
Thursday, have waned, strategists said.

    • 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