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Aug 9, 2014
Aug 9, 2014
Aug 8, 2014

Italian holdouts in Argentina debt dispute make play for cash

NEW YORK (Reuters) – Italian retirees holding defaulted Argentine debt from 2002 and who spurned Buenos Aires’ restructuring offers are seeking to force Bank of New York Mellon to pay out their court judgments from frozen money due holders who accepted the government’s terms.

In a further twist in the long-running sovereign debt dispute that has pushed Argentina once again into default, these so-called “other” holdouts said in a court filing late Thursday that the $539 million deposit that Argentina made to its indentured trustee, BNY Mellon, should go toward satisfying their U.S. court-awarded claims.

Aug 7, 2014

Euro drops after ECB holds rates unchanged, warns on Ukraine

NEW YORK (Reuters) – The euro weakened on Thursday, undermined by the European Central Bank’s saying it would leave interest rates unchanged at record lows and that the fragile economic recovery will keep the loose policy in place for an extended period.

The ECB’s decision was not unexpected by the market, and it heightened the contrast in monetary policy, with the euro zone moving toward easing and the United States moving toward tightening on an improving economic outlook.

Aug 7, 2014
Aug 6, 2014

Dollar strength sapped by profit taking in light volumes

NEW YORK, Aug 6 (Reuters) – The U.S. dollar slipped on
Wednesday, recoiling from a nine-month high against the euro in
thin volumes that traders and analysts said exaggerated a round
of profit taking.

In the last six weeks, the dollar has been on a tear,
racking up gains on the back of geopolitical tensions
surrounding Russian troops on Ukraine’s border.

Aug 6, 2014

Euro weak after Italy slips into recession, Ukraine tensions rise

NEW YORK (Reuters) – The euro hit a fresh nine-month low against the dollar on Wednesday after Italy said it fell into recession again in the second quarter, June German industrial performance slumped and investors grew more cautious over the conflict in Ukraine.

The dollar reached an 11-month high of 81.716 .DXY against a basket of major currencies, boosted by a move by investors away from currencies seen as higher-risk, amid reports Russian troops had gathered on the Ukrainian border.

Aug 5, 2014
Aug 5, 2014
Aug 5, 2014

Dollar extends gains on strong U.S. services and factory data

NEW YORK (Reuters) – The U.S. dollar extended a broad-based rally on Tuesday after stronger-than-expected economic data, including an 8-1/2 year high in the pace of services sector growth and a bigger-than-expected increase in factory orders.

Earlier, European service sector data was mixed, with growth across much of the euro zone although a drop in Italy underlined the fragile economic outlook for the region and built expectations the European Central Bank will pump yet more euros into the financial system in an effort to boost growth.

    • 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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