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Nov 4, 2014
Nov 4, 2014

Euro supported by report suggesting ECB’s Draghi will be challenged

NEW YORK, Nov 4 (Reuters) – The euro rose on Tuesday on a
report citing internal tensions within the European Central Bank
over the leadership style of its chief, Mario Draghi, that left
markets expecting limits on future ECB loosening of monetary
policy.

An exclusive report by Reuters said that euro area national
central bankers plan to challenge Draghi at a regularly
scheduled ECB meeting this week. They are particularly angered
by his move to effectively set a target for increasing the
bank’s balance sheet immediately after the governing council
explicitly agreed not to make any figure public, ECB sources
told Reuters.

Nov 4, 2014

Euro gains on report suggesting challenges to ECB’s Draghi

NEW YORK (Reuters) – The euro rallied on Tuesday on a report citing internal tensions within the European Central Bank over the leadership style of its chief, Mario Draghi, that has the markets expecting limits on future loosening of monetary policy.

In an exclusive report by Reuters, national central bankers in the euro area plan to challenge Draghi this week at a regularly scheduled ECB meeting. They are particularly angered by his effective setting of a target for increasing the bank’s balance sheet immediately after the governing council explicitly agreed not to make any figure public, ECB sources told Reuters.

Nov 4, 2014
Nov 4, 2014
Nov 4, 2014
Nov 4, 2014

U.S. judge gives Argentina debt mediator more authority in negotiation

NEW YORK, Nov 3 (Reuters) – Daniel Pollack, the
court-appointed mediator in the debt dispute between Argentina
and holdout creditors, has been given broad authority to grant
other investors a seat at the negotiating table in an effort to
agree on a comprehensive settlement.

U.S. District Judge Thomas Griesa issued the order on Monday
giving Pollack, known officially as the Special Master, the
power to choose other investors, who have sued Argentina in hope
of securing better settlement terms, to any future negotiating
sessions.

Nov 3, 2014

Central bank moves drive market, dollar at new highs vs yen, euro

NEW YORK, Nov 3 (Reuters) – The dollar topped 114 yen on
Monday, its strongest point in nearly seven years, extending
gains spurred by last week’s Bank of Japan surprise decision to
boost its already massive bond-buying stimulus in an effort to
lift a moribund economy.

A broad-based dollar-buying trend over the last few months
pulled the dollar index, which measures the greenback against a
basket of currencies, to a fresh four-year high.

Nov 3, 2014

Dollar surges above 114 yen, holds gains from BoJ policy move

NEW YORK (Reuters) – The dollar topped 114 yen on Monday, its highest level in nearly seven years, extending gains spurred by the Bank of Japan’s surprise decision last week to boost its already massive bond-buying stimulus in an effort to lift a moribund economy.

Broad-based dollar buying has been a trend in the last few months, bringing the dollar index, which measures the greenback against a basket of currencies, to a fresh four-year high.

Nov 3, 2014

Dollar surges above 114 yen, holds gains from Bank of Japan policy move

NEW YORK (Reuters) – The dollar topped 114 yen on Monday, its highest level in nearly seven years, extending gains spurred by the Bank of Japan’s surprise decision last week to boost its already massive bond-buying stimulus in an effort to lift a moribund economy.

Broad-based dollar buying has been a trend in the last few months, bringing the dollar index, which measures the greenback against a basket of currencies, to a fresh four-year high.

    • 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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