Deputy U.S. Public Finance Editor, New York
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Dec 23, 2014
Dec 23, 2014
Dec 23, 2014

Dollar pushes higher after strong U.S. growth data

NEW YORK (Reuters) – The dollar strengthened on Tuesday after a revised third-quarter U.S. gross domestic product report blew past expectations to register the fastest pace of growth in 11 years.

U.S. economic growth in the third quarter was revised up to 5 percent from 3.9 percent. Some tempering of activity, however, is expected in the fourth quarter after non-defense capital goods orders ex-aircraft, a closely watched proxy for business spending plans, was unchanged in November after dropping in October.

Dec 22, 2014

Dollar grinds higher, supported by rising Treasury yields

NEW YORK, Dec 22 (Reuters) – The dollar recovered ground
late on Monday on rising U.S. Treasury yields that increased the
greenback’s advantage over the euro, pushing it back down to a
2-1/2 year low in thin pre-holiday trade.

“We think the yields are the story here for the dollar. The
two-year Treasury auction of just over 70 basis points is the
highest since mid-2011, and that’s widening the dollar’s
front-end yield advantage and driving it higher,” said Vassili
Serebriakov, currency strategist at BNP Paribas in New York.

Dec 22, 2014
Dec 22, 2014

Euro edges up, still shaky on ECB and Greece

NEW YORK (Reuters) – The euro recovered from two-year lows against the U.S. dollar on Monday, with traders citing limited volumes in the pre-holiday market for the narrow ranges and the greenback’s mixed performance.

“Not everyone has checked out of the markets just yet. We have tomorrow’s slate of U.S. data to keep in mind,” said Greg Anderson, global head of FX strategy at BMO Capital Markets in New York.

Dec 20, 2014
Dec 20, 2014
Dec 20, 2014
Dec 20, 2014
    • About Daniel

      "Deputy U.S. Public Finance Editor. Responsible for editing and reporting on U.S. municipalities, their debt, investments and budgets. Special focus on U.S. infrastructure spending and mutual fund analysis. Previously Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
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