Gertrude's Feed
Oct 23, 2014

Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan

NEW YORK (Reuters) – Some very big investors are betting on an upswing in two problematic parts of the world right now, Europe and Japan, their confidence bolstered by the brisk money-printing from central banks in both regions.

Standard Life Investments, Goldman Sachs Asset Management, and Seven Investment Management are among those who believe in the potential returns to be found in European and Japanese stocks. Depreciating currencies, compelling valuations and rich dividend yields are among the biggest attractions. European banks, for instance, haven’t looked this cheap since the 1980s, investment managers said.

Oct 10, 2014

Dollar climbs for 2nd day on global economy fears

NEW YORK, Oct 10 (Reuters) – The dollar firmed for a second
straight session on Friday after three consecutive days of
losses, bolstered by safe-haven bids on worries about the health
of the global economy with slow-downs evident in Europe, Japan,
and China.

“Dollar strength is still on the table here going forward
and the driver behind that is policy divergence,” said Andrew
Dilz, currency strategist at Tempus Consulting in Washington.

Oct 10, 2014

Dollar rises for second day on concerns about global economy

NEW YORK (Reuters) – The dollar firmed for a second straight session on Friday after three consecutive days of losses, bolstered by safe-haven bids on worries about the health of the global economy with slow-downs evident in Europe, Japan, and China.

“Dollar strength is still on the table here going forward and the driver behind that is policy divergence,” said Andrew Dilz, currency strategist at Tempus Consulting in Washington.

Oct 9, 2014

Dollar falls to 3-week low vs yen on rate view; euro slides

NEW YORK, Oct 9 (Reuters) – The dollar tumbled to a
three-week low against the yen on Thursday as investors
continued to pare back bullish bets on the greenback after
minutes of the Federal Reserve’s latest meeting pushed out
expectations on when interest rates will begin to rise.

The U.S. currency, however, gained against a struggling
euro, as investors sold the single euro zone unit after it
failed to get above $1.28. Earlier in the global session, the
euro rose to a two-week high versus the dollar.

Oct 9, 2014

Dollar slides to three-week low vs yen on U.S. rate outlook

NEW YORK (Reuters) – The dollar dropped to a three-week low against the yen on Thursday as investors pared back bullish bets on the greenback after minutes of the Federal Reserve’s latest meeting on Wednesday prompted investors to push out expectations for the timing of an interest rate rise.

U.S. Treasury yields and implied rates on Fed fund futures <0#FF:> retreated sharply after the Fed’s minutes, with the market not seeing any appreciable rise in the Fed’s target rate until around September 2015, from June 2015 previously.

Oct 8, 2014

Dollar slides to two-week low vs euro on dovish Fed minutes

NEW YORK, Oct 8 (Reuters) – The dollar fell to a two-week
low against the euro on Wednesday after minutes of the latest
Federal Reserve policy meeting focused on the downside risks to
the U.S. economy, suggesting the central bank could take its
time in raising interest rates.

The greenback trimmed gains versus the yen and dropped to a
one-week low against the Swiss franc following the release of
the Fed minutes, which had a dovish slant.

Oct 8, 2014

Dollar drifts higher as investors await Fed minutes

NEW YORK (Reuters) – The dollar inched higher against most major currencies on Wednesday, after losses in the previous sessions, as traders consolidated positions ahead of the release of minutes from the Federal Reserve’s most recent policy meeting.

The minutes from the U.S. central bank’s rate-setting Federal Open Market Committee (FOMC) are due at 2:00 p.m. EDT and investors will be looking for indications of how soon the Fed plans to raise interest rates.

Oct 7, 2014

Dollar posts worst two-day loss vs yen in eight months

NEW YORK, Oct 7 (Reuters) – The dollar fell against the yen
for a second straight session on Tuesday, retracing most of its
gains posted following last week’s robust U.S. nonfarm payrolls
report, but the decline came as no surprise after five straight
weeks of rises.

“While some shorter-term charts suggest the dollar rally may
finally take a breather this week, the fundamental tailwinds
remain in favor of continued dollar strength heading into 2015,”
said Matt Weller, senior currency analyst at FOREX.com in Grand
Rapids, Michigan.

Oct 3, 2014

Dollar soars across the board on robust U.S. jobs data

NEW YORK, Oct 3 (Reuters) – The dollar climbed to a more
than four-year peak on Friday after a report showing the U.S.
economy created more jobs than expected last month, which
suggested that the U.S. recovery was on a stable path.

The dollar index, a gauge of the greenback’s value against
six major currencies, was on track for its best yearly gain in
nine years. The index was up 8 percent so far in 2014, posting
weekly gains for a record 12 straight weeks.

Oct 3, 2014

Dollar soars across the board on robust U.S. jobs data

NEW YORK, Oct 3 (Reuters) – The dollar climbed to a more
than four-year peak on Friday after a report showing the U.S.
economy created more jobs than expected last month, which
suggested that the U.S. recovery was on a stable path.

The dollar index, a gauge of the greenback’s value against
six major currencies, was on track for its best yearly gain in
nine years. The index was up 8 percent so far in 2014, posting
weekly gains for a record 12 straight weeks.