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Apr 23, 2014

Dollar down on weak U.S. markets, Aussie sinks after low inflation

NEW YORK, April 23 (Reuters) – The U.S. dollar weakened
against the euro and yen on Wednesday, undermined by a decline
in U.S. equity prices and Treasury yields and finding little
support from a slower-than-expected expansion in the U.S.
manufacturing sector.

“As (U.S.) equities underperform, this leads to buying of
Treasuries and yields fall. The dollar is softer as a result
because it is reflecting other markets rather than internal
components,” said Sebastian Galy, senior currency strategist at
Societe Generale in New York.

Apr 22, 2014
Apr 22, 2014
Apr 22, 2014
Apr 22, 2014

Dollar strength ebbs, threats of ECB action keep euro subdued

NEW YORK (Reuters) – Investors trimmed their positions of U.S. dollars on Tuesday after a two-week run higher, unmoved by a U.S. March existing home sales report that beat expectations but showed a modest decline from the prior month.

Trading ranges remained narrow as Europe returned from the Easter holidays and faced uncertainty over whether European Central Bank policy will move toward more monetary stimulus.

Apr 21, 2014
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Apr 10, 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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