Gertrude's Feed
Mar 20, 2015

Dollar falters as U.S. Fed’s interest rate view weighs

NEW YORK, March 20 (Reuters) – The dollar stumbled on
Friday, capping its worst weekly performance against the euro in
more than two years, pulled lower by expectations U.S. interest
rates will rise more slowly than previously expected.

The greenback also ended the week on a sour note against
other currencies, with its largest weekly decline in two months
against the Swiss franc and yen, two days after the Federal
Reserve downgraded its forecasts for growth, inflation and
interest rates. That doused investor expectations of a June
tightening.

Mar 20, 2015

Dollar struggles anew on U.S. rate view

NEW YORK (Reuters) – The dollar fell on Friday, on track for its worst weekly performance in more than two years against the euro, undermined by expectations U.S. interest rates will rise much slower than expected.

The greenback was also on pace for its largest weekly loss in two months against the Swiss franc and yen, two days after the Federal Reserve downgraded its projections for growth and inflation. That doused investor expectations of a June rise in U.S. interest rates.

Mar 19, 2015

Dollar recovers from Fed-inspired losses

NEW YORK, March 19 (Reuters) – Rebounding from steep losses
in the previous session on a more cautious than expected Federal
Reserve statement on interest rates, the dollar rose broadly on
Thursday as investors remained bullish on the greenback.

The dollar suffered its biggest one-day fall against the
euro and sterling in six years on Wednesday. Against the Swiss
franc, it posted its worst daily performance since Jan. 15, when
the Swiss National Bank removed a peg on the Swiss franc against
the euro. Against the yen, the dollar had its weakest day since
December.

Mar 19, 2015

Dollar rallies on persistent bullishness after sharp losses

NEW YORK (Reuters) – The dollar rebounded broadly on Thursday after posting steep losses the previous session following a much more cautious Federal Reserve statement on interest rates than expected, as investors remained bullish on the greenback.

The dollar suffered its biggest one-day fall against the euro and sterling in six years on Wednesday. Against the Swiss franc, it posted its worst daily performance since Jan. 15, when the Swiss National Bank removed a peg on the Swiss franc against the euro. Against the yen, the dollar had its weakest day since December.

Mar 18, 2015

Dollar pummeled as cautious Fed dampens optimism on U.S. economy

NEW YORK, March 18 (Reuters) – The dollar plunged across the
board on Wednesday after the Federal Reserve signaled an
interest rate increase as early as June but slashed
interest-rate projections over the next few years and downgraded
its outlook for the U.S. economy.

The greenback posted its largest one-day fall in six years
against the euro and sterling, at one point falling as much as 3
percent versus the euro.

Mar 18, 2015

Dollar hammered as cautious Fed cuts rate forecast, US economic outlook

NEW YORK, March 18 (Reuters) – The dollar tumbled across the
board on Wednesday after the Federal Reserve signaled an
interest rate increase as early as June but slashed
interest-rate projections over the next few years and downgraded
its outlook for the U.S. economy.

The greenback fell to one-week lows against the euro and
Swiss franc, and dropped to a two-week trough versus the yen
after the Fed statement.

Mar 18, 2015

Dollar weakens vs major currencies as Fed decision looms

NEW YORK (Reuters) – The dollar slid against most major currencies on Wednesday as investors continued to pare back over-extended greenback positions ahead of a key U.S. Federal Reserve statement later in the day following the Fed’s two-day policy meeting.

Market participants are anticipating the Fed will likely drop the word “patient” from its statement with respect to raising interest rates, which could pave the way for a rate increase in June or September this year.

Mar 17, 2015

U.S. dollar slides on weak data; investors await Fed

NEW YORK, March 17 (Reuters) – The dollar fell for a second
straight day against major currencies on Tuesday, pressured yet
again by unexpectedly weak U.S. economic data as the Federal
Reserve started a two-day policy meeting.

The dollar index was on pace for its largest two-day loss
since mid-February.

Investors do not expect any change to the Fed’s benchmark
interest rate, which has been pinned between zero and 0.25
percent for six years. But they do anticipate the Fed dropping
the word “patient” from its statement to describe its approach
to raising rates later this year.

Mar 17, 2015

Oil exporters amass record U.S. bond holdings in crude price plunge

NEW YORK, March 17 (Reuters) – The collapse in crude oil
prices may have reduced revenues of oil exporters, but it has
not soured their appetite for U.S. government debt.

Saudi Arabia and other major oil exporters have increased
their holdings of U.S. Treasuries to record levels in an effort
to counter the effect of the 60 percent drop in oil prices in
the last nine months.

Mar 17, 2015

U.S. dollar down again on weak data, investors await Fed

NEW YORK (Reuters) – The dollar fell for a second straight day on Tuesday, weighed down again by unexpectedly weak U.S. economic data as the Federal Reserve started a two-day policy meeting.

The dollar index was on pace for its largest two-day loss since early February.

Investors do not expect any change to the Fed’s benchmark interest rate, which has been pinned between zero and 0.25 percent for six years. But they anticipate the Fed dropping the word “patient” from its statement to describe its approach to raising rates later this year.