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Oct 31, 2014
Oct 31, 2014

Yen slammed by BoJ easing, falls to near-seven year low

NEW YORK, Oct 31 (Reuters) – The yen plunged to a near
seven-year low against the U.S. dollar on Friday, putting it on
track for its worst day in 18 months, after the Bank of Japan
shocked financial markets with an aggressive easing of its
monetary policy.

In addition to the BoJ’s decision to expand its already
massive monetary stimulus plan, an announcement by the country’s
government pension fund that it would increase its holdings of
foreign and domestic shares added to yen selling.

Oct 31, 2014
Oct 31, 2014

Argentina default spreads to Par bonds, risking payment demands

BUENOS AIRES/NEW YORK, Oct 31 (Reuters) – Argentina’s debt
default spread to its Par bonds on Friday after the country
failed to complete an interest payment, raising the risk that
creditors could demand that the country’s cash-strapped
government immediately repay all of its debt.

Argentina deposited a $161 million payment with a newly
appointed local trustee last month to try to circumvent U.S.
court orders for it to settle with “holdout” investors. The
holdouts are suing to get full repayment of bonds from a 2002
default before holders that accepted the terms of a debt
restructuring get paid by the government.

Oct 31, 2014

Yen slammed to near seven-year low vs dollar on BoJ easing

NEW YORK (Reuters) – The yen plunged to a near seven-year low against the U.S. dollar on Friday, putting it on track for its worst day in 18 months, after the Bank of Japan shocked financial markets with an aggressive easing of its monetary policy.

In addition to the BoJ’s decision on Friday to expand its purchases of Japanese government bonds, an announcement by the country’s government pension fund that it would increase its holdings of foreign and domestic shares further eroded the yen’s position.

Oct 31, 2014

Argentina default spreads to Par bonds, raising acceleration risk

BUENOS AIRES/NEW YORK, Oct 31 (Reuters) – Argentina’s debt
default spread to its Par bonds on Friday after the country
failed to complete an interest payment, raising the risk that
creditors could demand that its cash-strapped government
immediately repay all of its debt.

The country last month deposited a $161 million payment with
a newly appointed local trustee to try to circumvent U.S. court
orders for it to settle with “holdout” investors suing for full
repayment of bonds from a 2002 default before paying debtholders
who accepted a restructuring.

Oct 30, 2014

Dollar boosted by U.S. growth, more hawkish Fed tone

NEW YORK (Reuters) – The dollar on Thursday extended recent gains to a 3-1/2-week high, boosted by unexpectedly strong third-quarter U.S. economic growth and a newly hawkish tone from the Federal Reserve.

A U.S. Commerce Department report showed third-quarter gross domestic product grew by 3.5 percent versus the Reuters 3.0 percent mean forecast of economists.

Oct 30, 2014
Oct 30, 2014

U.S. GDP data, more hawkish Fed tone bolster greenback

NEW YORK, Oct 30 (Reuters) – The dollar on Thursday extended
recent gains to a 3-1/2-week high, boosted by unexpectedly
strong third-quarter U.S. economic growth and a newly hawkish
tone from the Federal Reserve.

A U.S. Commerce Department report showed third-quarter gross
domestic product grew by 3.5 percent versus the Reuters 3.0
percent mean forecast of economists.

Oct 29, 2014
    • 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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