Gertrude's Feed
Apr 27, 2015

Euro edges higher as Greece revamps debt negotiating team

NEW YORK, April 27 (Reuters) – The euro scaled a three-weak
peak against the dollar on Monday, on optimism about Greece’s
prospects after the government reshuffled its bailout
negotiating team as the cash-strapped country seeks to avoid a
default.

Greece looks set to run out of funds in the coming weeks.

On Monday, Greek Prime Minister Alexis Tsipras appointed
Deputy Foreign Minister Euclid Tsakalotos, an economist well
liked by officials representing creditors, as coordinator of the
bailout negotiating team, giving him a more active role in the
debt talks. {ID:nL8N0XO21F]

Apr 27, 2015

Euro gains as Greece revamps bailout negotiating team

NEW YORK, April 27 (Reuters) – The euro climbed to
three-weak peaks against the dollar on Monday, on optimism about
Greece’s prospects after the government reshuffled its bailout
negotiating team to forge a deal with lenders about more aid for
the cash-strapped country and avoid a default.

Greece looks set to run out of funds in the coming weeks.

On Monday, Greek Prime Minister Alexis Tsipras appointed
Deputy Foreign Minister Euclid Tsakalotos, an economist well
liked by officials representing creditors, as coordinator of the
country’s bailout negotiating team, giving him a more active
role in the negotiations. {ID:nL8N0XO21F]

Apr 27, 2015

Dollar edges higher as markets await Fed meeting

NEW YORK (Reuters) – The dollar firmed on Monday, recovering from recent losses in the wake of some weak U.S. economic data, but gains are expected to be contained ahead of the Federal Reserve’s key monetary policy meeting this week.

The Fed will announce a decision on monetary policy on Wednesday which will help set the tone for the dollar in the near to medium term.

Apr 17, 2015

Dollar rallies from three-week low vs. yen as U.S. inflation rises

NEW YORK (Reuters) – The dollar rebounded from a three-week low against the yen and a 10-day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the U.S. economy, a development that should keep the Federal Reserve on track to lift interest rates this year.

The inflation data, however, did not change the market’s expectation for the timing of a Fed rate hike, especially after recent soft U.S. economic figures. Analysts are still pricing in just one rate increase this year, sometime late in the fourth quarter.

Apr 17, 2015

Dollar rallies from 3-week low vs yen as U.S. inflation rises

NEW YORK, April 17 (Reuters) – The dollar rebounded from a
three-week low against the yen and a 10-day trough against a
currency basket on Friday, bolstered by data showing inflation
starting to creep into the U.S. economy, a development that
should keep the Federal Reserve on track to lift interest rates
this year.

The inflation data, however, did not change the market’s
expectation for the timing of a Fed rate hike, especially after
recent soft U.S. economic figures. Analysts are still pricing in
just one rate increase this year, sometime late in the fourth
quarter.

Apr 14, 2015

Dollar slides on U.S. retail sales, IMF outlook

NEW YORK (Reuters) – The dollar tumbled on Tuesday, after five straight days of gains, as investors took advantage of weaker-than-expected U.S. retail sales to lighten hefty positions on the greenback that had built up due to expectations of an impending rate increase.

A second blow to the U.S. economic outlook came from the International Monetary Fund, which lowered its forecasts for U.S. growth to 3.1 percent for this year and next from January’s expectations of 3.6 percent and 3.3 percent, respectively.

Apr 10, 2015

Prices edge up as investors look to slew of U.S. data next week

NEW YORK, April 10 (Reuters) – U.S. Treasury debt prices
rose on Friday after the previous day’s sell-off, as investors
covered short positions taken in the wake of a poor auction of
U.S. 30-year bonds.

The U.S. 30-year bond sale on Thursday resulted in a yield
of 2.598 percent, about 3 basis points higher than what traders
had expected. The lackluster auction pushed yields, which move
inversely to prices, to their highest in three weeks on
Thursday.

Apr 10, 2015

Prices rise after sell-off ahead of inflation data next week

NEW YORK, April 10 (Reuters) – U.S. Treasury debt prices
rose on Friday after the previous day’s sell-off as investors
covered short positions in the wake of a poor auction of U.S.
30-year bonds.

The U.S. 30-year bond sale resulted in a yield of 2.598
percent, about 3 basis points higher than what traders had
expected. The lackluster auction pushed yields, which move
inversely to prices, to their highest in three weeks on
Thursday.

Apr 8, 2015

Short-term yields rise as Fed on track to raise rates this year

NEW YORK, April 8 (Reuters) – U.S. short-term Treasury
yields climbed to one-week peaks on Wednesday after minutes from
the last Federal Reserve meeting suggested the U.S. central bank
could still raise interest rates this year despite evidence of
slower economic growth.

The Fed minutes were in line with comments earlier on
Wednesday by two U.S. central bank officials who did not rule
out a rate increase in June if U.S. economic numbers strengthen.

Apr 8, 2015

Bitcoin exchange Coinsetter acquires Canadian platform

NEW YORK (Reuters) – Coinsetter, a New York-based bitcoin exchange that targets institutional and professional traders, said on Wednesday it has acquired Canadian Virtual Exchange, a bitcoin trading platform which recently shut down due to security breaches.

According to sources, the deal was valued at $2 million, marking the first merger deal in the growing bitcoin exchange market.