Gertrude's Feed
Apr 11, 2014

Dollar edges higher on equities gloom

NEW YORK, April 11 (Reuters) – The safe-haven U.S. dollar
rose on Friday, benefiting from a sell-off in equities around
the world, as investors fretted about what seemed like
overstretched valuations.

Global equities fell to two-week lows,
triggered by selling on Wall Street on Thursday. That spurred a
broad risk-averse environment that led to sell-offs in
higher-yielding and emerging market currencies.

Apr 10, 2014

Dollar stumbles as rate hike expectations pushed back

NEW YORK, April 10 (Reuters) – The dollar dropped to
three-week lows against the yen and the Swiss franc on Thursday,
sliding for a second day after minutes of the Federal Reserve’s
March meeting disappointed investors who had been positioned for
an interest rate increase early next year.

The greenback has fallen versus the yen in four of the last
five trading days. Against the Swiss franc, the dollar weakened
for a fourth straight session on Thursday.

Apr 10, 2014

Dollar reeling from Fed hit; Swedish crown down sharply

NEW YORK (Reuters) – The dollar dropped to three-week lows against the yen and the Swiss franc on Thursday after minutes of the Federal Reserve’s March meeting disappointed investors positioned for a gradual tightening in monetary policy.

The greenback has fallen versus the yen in four of the last five trading days. Against the Swiss franc, the dollar has weakened for a fourth straight session.

Apr 9, 2014

Dollar slides to 2-week lows vs euro, franc after Fed minutes

NEW YORK, April 9 (Reuters) – The dollar dropped to more
than two week-lows against the euro and Swiss franc on Wednesday
after minutes of the latest Federal Reserve monetary policy
meeting suggested that the U.S. central bank may not raise
interest rates anytime soon.

The minutes of the Federal Open Market Committee in March
showed that the Fed would wait for a considerable time after
ending a bond-buying program before finally raising rates.

Apr 9, 2014

Dollar recoups steep losses vs yen; focus on Fed minutes

NEW YORK (Reuters) – The dollar rebounded from one of its worst performances against the yen on Wednesday as the outlook for the greenback brightened on expectations for stronger economic data given better U.S. weather conditions.

The dollar on Tuesday posted its largest one-day fall versus the yen in more than seven months, with investors buying back the Japanese currency after the Bank of Japan held off on additional monetary easing. The greenback’s bounce was the first in four days.

Apr 1, 2014

Bitcoin derivatives platform BTC gets funding from Seedcoin

NEW YORK (Reuters) – Bitcoin derivatives trading platform BTC.sx has secured funding from Seedcoin Fund, BTC.sx Chief Operating Officer George Samman told Reuters on Tuesday.

Samman has provided BTC.sx around $250,000 in funding, which he said was the largest investment by Seedcoin so far.

Mar 30, 2014

Analysis: Russia sell-off spurs hunt for bargains

NEW YORK (Reuters) – Rising tension between Russia and the West has rattled the country’s stock and bond markets, but some big money managers see the turbulence as an opportunity.

Russia’s equity market has plummeted 18 percent so far this year. Foreigners dumped the country’s stocks, bonds and the ruble following the early March invasion of Crimea, a territory of Ukraine. It now faces economic sanctions that could worsen if the crisis escalates.

Mar 30, 2014

Russia sell-off spurs hunt for bargains

NEW YORK, March 30 (Reuters) – Rising tension between Russia
and the West has rattled the country’s stock and bond markets,
but some big money managers see the turbulence as an
opportunity.

Russia’s equity market has plummeted 18 percent so far this
year. Foreigners dumped the country’s stocks, bonds and the
rouble following the early March invasion of Crimea, a territory
of Ukraine. It now faces economic sanctions that could worsen if
the crisis escalates.

Mar 18, 2014

Foreign demand for U.S. Treasuries slides in January

NEW YORK, March 18 (Reuters) – Demand for U.S. Treasury
securities weakened in January, as foreign central banks and
other official investors sold for a second straight month, data
from the U.S. Treasury showed on Tuesday.

U.S. Treasuries saw an outflow of $571 million, from an
inflow of $17.9 billion in December. Foreign official
institutions sold $16.7 billion in January and $11.9 billion in
December.

Mar 17, 2014

Exclusive – Forex swings cost U.S. firms $6 billion in 4th-quarter revenue: study

NEW YORK (Reuters) – Swings in the foreign exchange market cost U.S.-based multinational corporations nearly $6 billion (3.6 billion pounds) in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps on Monday.

That was a 39 percent increase from the third quarter. With the exception of the second and third quarters of 2012, at the peak of the euro zone crisis, the fourth-quarter losses were the highest since FiREapps started tracking the effects of currency on earnings in 2011.