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Feb 5, 2014
Feb 5, 2014
Feb 5, 2014
Feb 5, 2014
Feb 5, 2014
Feb 4, 2014

Hawkish policy stance lifts Australian dollar

NEW YORK (Reuters) – The Australian dollar rose more than 2 percent on Tuesday after the country’s central bank dropped its easing bias toward interest rates and toned down its long-term call for the currency to weaken.

The U.S. dollar and euro gained back some ground against the yen but were firmly in recent ranges, reflecting the drop in volatility that accompanied the flood of money out of emerging economies in search of traditional safe havens in the developed world.

Feb 4, 2014
Feb 4, 2014
Feb 3, 2014
Feb 3, 2014

Analysis: Emerging markets outlook not rosy, but valuations tempt

NEW YORK (Reuters) – Emerging markets were facing headwinds going into 2014, but January’s rout surprised even the gloomiest of investors, with big declines in stocks, bonds, and currencies.

Political turmoil and terrorism threats across market capitals from Ankara to Kiev, along with growing concern about bad debt in China’s shadow banking system, caused a full-scale pullback across all risk assets.

    • 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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