NEW YORK (Reuters) – The dollar hit a two-week high versus the yen on Friday after data showed the U.S. unemployment rate fell to a near four-year low in September, prompting investors to sell the safe-haven currency for riskier assets.
Investors have used the yen as a cheap way to borrow cash and convert it into higher-yielding currencies such as the Australian dollar and the Norwegian and Swedish kronas.
NEW YORK (Reuters) – Mutual fund investors shunned equities for the eighth straight week, pulling nearly $2.4 billion from the market in the week ended October 4, a period where benchmark stock indices advanced, new data shows.
In fact, for 10 out of the last 11 weeks, U.S. domiciled equity mutual funds have had net outflows, according to Lipper, a Thomson Reuters’ service.
NEW YORK (Reuters) – The euro hit two-week highs against the U.S. dollar and yen on Thursday after the European Central Bank’s chief said the ECB was ready to implement a bond-buying program that would lower borrowing costs for debt-stricken countries.
Details about the ECB’s bond buying scheme are not yet known but it represents a key ingredient in the bank’s overall strategy to counter the euro zone’s debt crisis.
NEW YORK (Reuters) – The euro gained against the dollar for a second straight session on Tuesday, pulling further away from recent three-week lows on growing expectations that Spain is ready to seek a bailout.
European officials told Reuters on Monday Spain, the euro zone’s fourth-largest economy, was ready to request a bailout for its public finances as early as next weekend, but Germany had signaled that it should hold off.
NEW YORK (Reuters) – The dollar fell from a three-week high and the yen weakened broadly on Monday as a rise in U.S. manufacturing activity prompted a sell-off in safe-haven currencies.
The U.S. manufacturing sector last month grew for the first time since May, getting a boost from new orders. Also giving risk appetite a boost was an increase in Germany’s purchasing managers’ index (PMI), which grew last month to its highest reading since March, although it was still below the expansionary 50-mark.