NEW YORK (Reuters) – The dollar surged more than 1 percent against the yen on Friday to its highest level in a week after surprisingly strong U.S. April jobs data fueled optimism about the resiliency of the U.S. economy.
U.S. nonfarm payrolls rose by 165,000 in April, and job increases for the previous months were revised higher. The unemployment rate fell to a four-year low of 7.5 percent. The numbers topped economists’ expectations.
NEW YORK, May 3 (Reuters) – Bondholders of Grenadian
sovereign debt announced on Friday they formed a committee to
address the Caribbean nation’s decision to restructure its
public debt that resulted in the government’s missing a coupon
payment in March.
Financial advisor BroadSpan Capital issued a press release
stating that “holders of more than 75 percent” of the U.S.
dollar-denominated and East Caribbean dollar-denominated bonds
formed a steering committee and a broader ad-hoc bondholders’
committee to raise their concerns with the government.
NEW YORK, April 29 (Reuters) – The euro rose against the
dollar and yen on Monday after Italy finally formed a
government, ending two months of political uncertainty, but
further gains may be limited given expectations the European
Central Bank will cut interest rates this week.
Italy’s new prime minister, center-left politician Enrico
Letta, named a coalition government on Saturday, a move that
drove Italian stocks higher and benchmark borrowing costs to
their lowest level since October 2010 at an auction on Monday.