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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.

Oct 24, 2014

Euro up after report on bank stress tests, short-covering

NEW YORK (Reuters) – The euro rallied 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.

Oct 23, 2014
Oct 23, 2014
Oct 23, 2014

Dollar rises on return to riskier assets

NEW YORK, Oct 23 (Reuters) – The dollar rallied on Thursday
as investors plowed cash back into riskier asset classes,
underpinned by promising U.S. data and stronger-than-expected
manufacturing reports in Europe and China.

The dollar rose 0.10 percent against a basket of major
currencies, with the U.S. Dollar Index at 85.83. It
benefited from both rising U.S. Treasury yields, which reflected
an easing of investor concerns after last week’s phalanx of
selling, and a continuing U.S. equities rally.

Oct 23, 2014
Oct 23, 2014
Oct 23, 2014

Risk-on trade pulls dollar higher

NEW YORK (Reuters) – The dollar rallied on Thursday as investors plowed cash back into riskier asset classes, with an underpinning of promising data from the United States and better-than-expected manufacturing data in Europe and China.

The dollar was up 0.14 percent against a basket of major currencies, trading at 85.806 .DXY. It benefited from both rising U.S. Treasury yields, which illustrated an easing of investor concerns after last week’s phalanx of selling, and a continuing U.S. equities rally.

    • 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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