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Apr 24, 2014

Dollar loses ground on escalation of Russia/Ukraine tensions

NEW YORK, April 24 (Reuters) – Rising tensions along the
Russia/Ukraine border on Thursday upstaged upbeat U.S. economic
data and pulled the U.S. dollar off session highs against the
euro and yen as risk aversion took precedence.

Russian Defense Minister Sergei Shoigu said Moscow had begun
military drills near the border with Ukraine, where it has
deployed tens of thousands of troops in response to “Ukraine’s
military machine” and NATO exercises in Eastern Europe.

Apr 24, 2014

Dollar up vs euro on durable goods strength, potential ECB easing

NEW YORK (Reuters) – The U.S. dollar rose on Thursday after better-than-expected U.S. durable goods orders while ECB President Mario Draghi undermined the euro by reiterating the potential for asset purchases to ward off deflation risks.

Draghi also warned a rising euro, which effectively tightens the money supply at a time when the European Central Bank is looking to boost economic stimulus, could force the ECB’s hand on monetary policy measures.

Apr 23, 2014
Apr 23, 2014
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
    • 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."
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