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Apr 29, 2013

Euro up after Italy ends political chaos; ECB awaited

NEW YORK, April 29 (Reuters) – The euro rose against the
dollar and yen on Monday after Italy finally formed a
government, ending two months of political uncertainty, but
further gains may be limited given expectations the European
Central Bank will cut interest rates this week.

Italy’s new prime minister, center-left politician Enrico
Letta, named a coalition government on Saturday, a move that
drove Italian stocks higher and benchmark borrowing costs to
their lowest level since October 2010 at an auction on Monday.
Apr 25, 2013
Apr 25, 2013
Apr 25, 2013
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Apr 24, 2013
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Apr 22, 2013

Yen decline gradual, gold’s drop signals crisis over: Oppenheimer

NEW YORK (Reuters) – The Bank of Japan’s massive monetary stimulus plan has likely led to an overshooting of yen weakness against the U.S. dollar in the short-term but the longer-term down trend remains intact, Oppenheimer Funds’ Alessio De Longis said on Monday.

“We think the yen underperformance from this point in time on is going to be a more gradual one in terms of pace, speed, and magnitude as well,” De Longis said at the Reuters FX Summit.
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    • About Daniel

      "I'm a New York-based global investment correspondent with nearly 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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