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May 18, 2015

Dollar recoups lost ground, aided by higher Treasury yields

NEW YORK, May 18 (Reuters) – The U.S. dollar made
broad-based gains on Monday, recovering ground after several
weeks of selling that had brought the greenback down to more
attractive levels after prolonged strength.

The euro, which rose nearly 9 percent in value against the
U.S. dollar in the course of a month, pulled back more than 1
percent, its worst daily performance since mid-March.

May 18, 2015

Dollar sell-off takes a pause, Kiwi hit hardest

NEW YORK (Reuters) – The U.S. dollar made broad-based gains on Monday, recovering some ground after several weeks of selling that brought the greenback to more attractive levels.

The euro, which rose nearly 9 percent in value against the U.S. dollar in the course of a month, pulled back close to one percent, its worst daily performance since mid-April.

May 11, 2015

Argentina debt holdouts seek to broaden scope of court injunction

NEW YORK (Reuters) – Argentina debt holdouts on Monday asked a U.S. court to make more of the country’s debt, including bonds issued last month, subject to a prior court order blocking the country from making payments on its obligations without paying the holdouts as well.

Aurelius Capital Management, one of the lead holdout investors in defaulted Argentina sovereign debt, wants its prior victory in U.S. District Court on the principal of pari passu, or equal treatment, extended to all of Argentina’s external indebtedness.

May 11, 2015

Colombia finance minister sees oil price keeping peso in weaker range

NEW YORK, May 11 (Reuters) – Colombia’s peso, which has
fallen roughly 30 percent against the greenback, has entered a
new range due to the recent stabilization of oil prices, the
Andean nation’s finance minister said on Monday.

The peso has weakened to 2,391 per U.S. dollar from 2,057
pesos six months ago.

Finance Minister Mauricio Cardenas, speaking to reporters
during the Colombia InsideOut business conference in New York,
said much of what happens now to the exchange rate depends on
oil prices.

Apr 25, 2015

Greece not playing a game of chicken on debt – Kotzias

NEW YORK (Reuters) – Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece’s economy, which faces the prospect of running out of money if it cannot agree to new bailout terms with creditors.

Kotzias is part of the leftist government that took over in January after an anti-austerity campaign promising to roll back reforms and cutbacks agreed by the prior government to improve Greece’s finances.

Apr 24, 2015

Venezuela may have missed $24 billion in oil revenue in 2014

HOUSTON/NEW YORK (Reuters) – Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggests.

The OPEC member nation likely realized just over $50 billion in oil revenue in 2014, according to an analysis of publicly available data and estimates based upon past performances of Venezuela’s oil sector.

Apr 24, 2015

Analysis – Venezuela may have missed $24 billion in oil revenue in 2014

HOUSTON/NEW YORK (Reuters) – Venezuela, struggling to pay for essential items such as food and medicine amid strict foreign currency controls, may have failed to collect about a third of its potential oil revenue in 2014, a Reuters analysis suggests.

The OPEC member nation likely realized just over $50 billion (32.95 billion pounds) in oil revenue in 2014, according to an analysis of publicly available data and estimates based upon past performances of Venezuela’s oil sector.

Apr 20, 2015

Bank of Canada’s January rate cut seems enough -Poloz

NEW YORK, April 20 (Reuters) – The Bank of Canada’s January
interest-rate cut appears to have helped the economy get back on
track, bank Governor Stephen Poloz said on Monday, repeating his
view that the cut provided enough “insurance” against the impact
of dropping oil prices.

It is a message he has delivered several times over the past
week, including last Wednesday, when the bank issued a statement
keeping rates on hold, and the market has gradually reduced its
bet on another rate cut this year to a 35 percent
chance.

Apr 16, 2015

Greece needs to regain market trust, Berlin willing to help

NEW YORK (Reuters) – German Finance Minister Wolfgang Schaeuble said late on Wednesday that Greece must find a way to regain the trust of the financial markets and competitiveness of its economy and that Berlin is willing to support its efforts to reach these goals.

“Greece has to find a way, and we will help them, in whatever way we can. But it has to find a way how Greece will someday regain the confidence of financial markets, that is what we hope. And that is to regain a competitive economy,” Schaeuble said in remarks at Columbia University’s School of International and Public Affairs in New York.

Apr 14, 2015

Dollar slides on U.S. retail sales, IMF outlook

NEW YORK, April 14 (Reuters) – The dollar tumbled on
Tuesday, after five straight days of gains, as investors took
advantage of weaker-than-expected U.S. retail sales to lighten
hefty positions on the greenback that had built up due to
expectations of an impending rate increase.

A second blow to the U.S. economic outlook came from the
International Monetary Fund, which lowered its forecasts for
U.S. growth to 3.1 percent for this year and next from January’s
expectations of 3.6 percent and 3.3 percent, respectively.

    • About Daniel

      "Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
      1997
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