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Mar 13, 2015

Trading volume of 2014 emerging market debt grew 6 pct to $5.922 trln-EMTA

NEW YORK, March 13 (Reuters) – The trading volume of
emerging market debt grew 6 percent to $5.922 trillion in 2014
from the previous year, amid sharp drops in the sector’s
currencies, interest rates and key commodity exports, a new
survey showed on Friday.

Fourth-quarter volumes, however, declined 8 percent to
$1.210 trillion from the same period a year earlier, EMTA, the
association for the emerging markets debt trading industry, said
in a statement.

Mar 13, 2015

Dollar-buying momentum trumps weak U.S. data, euro off 1 percent

NEW YORK (Reuters) – Dollar-buying momentum lifted the greenback against its major rivals on Friday, overcoming disappointing U.S. inflation and consumer sentiment data that would normally weaken it.

Positioning ahead of the Federal Reserve’s monetary policy meeting next week was also seen as a potential reason for the seemingly incongruous move up by the dollar, analysts said.

Mar 12, 2015

Dollar rally stalls, euro climbs from fresh 12-year low

NEW YORK (Reuters) – The euro extended gains against the dollar on Thursday after surprisingly weak U.S. February retail sales data, recovering from an earlier 12-year low in Asian trade.

Since the start of the year the euro has suffered a 12 percent decline, careening toward parity with the greenback as monetary policies in Europe, and elsewhere around the world, ease. This is in contrast to stronger U.S. economic growth and expectations the Federal Reserve will start raising interest rates later this year, attracting cash seeking higher returns.

Mar 9, 2015

Dollar rally stalls, slips back from 11-1/2-year high vs euro

NEW YORK, March 9 (Reuters) – The dollar fell from an
11-1/2-year high versus the euro on Monday as investors took
profits from gains made after last week’s strong U.S. employment
report helped cement expectations the Federal Reserve will raise
U.S. interest rates this year.

“We seem to be taking a breather here, consolidating gains
made off the nice jobs report. It is going to take something
else to get us back down below the $1.0760 range, but we’re not
too sure what that immediate catalyst will be, given the
economic calendar is light this week,” said John Doyle, director
of markets at Washington, D.C.-based Tempus Inc.

Mar 9, 2015

U.S. dollar eases off post-payrolls highs

NEW YORK (Reuters) – The dollar fell from multi-year highs on Monday as investors took profits from gains built on a view that last week’s strong U.S. employment report helped cement expectations the Federal Reserve will raise U.S. interest rates this year.

After Friday’s unexpectedly strong nonfarm jobs data for February, the dollar had extended its gains against the euro to a fresh 11-1/2-year high.

Mar 6, 2015

Turkish prime minister asserts central bank has independence

NEW YORK, March 5 (Reuters) – Turkish Prime Minister Ahmet
Davutoglu said on Thursday its central bank makes its own
decisions in an independent manner, following criticism by
President Tayyip Erdogan that has unnerved markets and sent the
lira lower.

“Here what we need to understand is that, yes, central bank
is independent and it is taking its own decision. At the end of
the day the performance of the central bank and performance of
monetary policy is part of general economic performance,”
Davutoglu said during a webcast from the Council on Foreign
Relations in New York.

Mar 5, 2015

Rothschild looks to organize Ukraine bondholders ahead of talks

NEW YORK/LONDON (Reuters) – Boutique investment firm Rothschild has invited investors to organize into a Ukraine creditor group ahead of a sovereign debt restructuring, sources directly familiar with the situation told Reuters.

Ukraine’s eastern half, where much of its industry is based, is where government forces are battling pro-Russian separatists, putting the nation at risk of bankruptcy.

Mar 2, 2015

India needs sustained GDP growth of 9-10 percent: Jaitley

NEW YORK (Reuters) – India’s economy needs to reach an annual growth rate of 9 percent to 10 percent and then sustain that activity “many, many more years than 10 years” in order to improve infrastructure and bring down rampant poverty, Finance Minister Arun Jaitley said on Monday.

“We need resources and I can’t get resources until I grow by 9 to 10 percent. And therefore I would like to see India grow by that rate for the next 10 years,” Jaitley said in response to a question following an impromptu speech at Columbia University’s School of International and Public Affairs.

Mar 2, 2015

India needs sustained GDP growth of 9-10 pct – finmin

NEW YORK, March 2 (Reuters) – India’s economy needs to reach
an annual growth rate of 9 percent to 10 percent and then
sustain that activity “many, many more years than 10 years” in
order to improve infrastructure and bring down rampant poverty,
Finance Minister Arun Jaitley said on Monday.

“We need resources and I can’t get resources until I grow by
9 to 10 percent. And therefore I would like to see India grow by
that rate for the next 10 years,” Jaitley said in response to a
question following an impromptu speech at Columbia University’s
School of International and Public Affairs.

Feb 12, 2015

U.S. Treasuries steady after cutting losses on weak U.S. data

NEW YORK, Feb 12 (Reuters) – U.S. Treasury prices pulled
back from overnight lows to stand little changed on Thursday as
weaker-than-expected reports on retail sales and jobless claims
inserted some caution into the economic backdrop and forecasting
of U.S. monetary policy.

Investors, seeing a potential de-escalation in the conflict
between Ukraine and Russian-backed separatists in the wee hours
of Thursday with a new cease-fire agreement, had trimmed their
positions in safe-haven U.S. Treasuries.

    • 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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