Gertrude's Feed
Oct 1, 2014

Dollar tumbles from six-year high vs yen as U.S. yields slide

NEW YORK (Reuters) – The dollar dropped from six-year highs against the yen on Wednesday, weighed down by a fall in U.S. Treasury debt yields amid weakness in global stocks.

Investors also booked profits on long U.S. dollar positions ahead of key event risks such as the European Central Bank’s monetary policy meeting on Thursday and Friday’s U.S. nonfarm payrolls report.

Oct 1, 2014

Dollar falls from 6-year high vs yen as U.S. yields slide

NEW YORK, Oct 1 (Reuters) – The dollar pulled back from
six-year highs against the yen to trade little changed on
Wednesday, weighed down by a drop in U.S. Treasury debt yields
amid weakness in global stocks.

Investors also booked profits on long U.S. dollar positions
ahead of key event risks – the European Central Bank’s monetary
policy meeting on Thursday and Friday’s U.S. non-farm payrolls
report.

Sep 19, 2014

Dollar posts 10th straight week of gains on U.S. rate outlook

NEW YORK, Sept 19 (Reuters) – The dollar gained against a
basket of major currencies on Friday, posting its 10th
consecutive week of gains, as investors bet U.S. interest rates
would rise more quickly than had been expected.

Some market participants, however, said the dollar’s move
was overdone and its rally should pause fairly soon.
Fundamentally, the dollar seemed to be getting just a marginal
boost from positive U.S. economic news, they added.

Sep 19, 2014

U.S. dollar on track for tenth week of gains on U.S. rate view

NEW YORK (Reuters) – The dollar rose against a basket of major currencies on Friday, on track for its 10th consecutive week of gains, as investors bet U.S. interest rates would rise more quickly than expected.

But some market participants said the dollar’s move was overdone and its rally should pause in the short term. Fundamentally, the dollar seemed to be getting just a marginal boost from positive U.S. economic news, they added.

Sep 18, 2014

Dollar hits six-year high vs yen as U.S. data affirms rate view

NEW YORK, Sept 18 (Reuters) – The dollar scaled more than
six-year peaks against the yen on Thursday after data showed a
drop in U.S. claims for jobless benefits last week, reinforcing
the market’s view that U.S. interest rates will rise earlier
than expected.

The dollar index, a measure of the greenback’s value against
six currencies, climbed to its strongest level in more than four
years, supported by the Federal Reserve’s rate forecasts that
were higher than those projected in June. The outlooks were
provided after the Fed’s monetary policy meeting on Wednesday.

Sep 18, 2014

Dollar hits six-year peak vs yen on jobless data, rate outlook

NEW YORK (Reuters) – The dollar rose to a more than six-year peak against the yen on Thursday, after data showed U.S. jobless claims fell more than expected last week, reinforcing the market’s view that U.S. interest rates will rise sooner rather than later.

The dollar index, a measure of the greenback’s value against six currencies, climbed to its strongest level in more than four years, supported by the Federal Reserve’s interest rate forecasts that were higher than those projected in June. The outlooks were provided after the Fed’s monetary policy meeting on Wednesday.

Sep 17, 2014

Dollar climbs to six-year peak vs yen on higher Fed rate forecasts

NEW YORK, Sept 17 (Reuters) – The dollar jumped to a
six-year high against the yen on Wednesday while the euro
tumbled from five-month peaks after forecasts from the Federal
Reserve showed a faster pace of rate hikes over the next few
years than had been projected in June.

The Fed’s statement after a two-day policy meeting remained
cautious, however, sticking to its low-interest-rate pledge for
a “considerable time” and expressing concern about slack in the
labor market, but currency investors focused on the Fed’s
interest rate projections.

Sep 17, 2014

Dollar climbs to six-year peak vs yen on Fed rate forecasts

NEW YORK (Reuters) – The dollar jumped to a six-year high against the yen on Wednesday while the euro tumbled from five-month peaks after forecasts from the Federal Reserve showed a faster pace of rate hikes over the next few years than initially projected in June.

The Fed’s statement after a two-day policy meeting remained cautious, however, sticking to its low interest rate pledge for a “considerable time” and expressing concern about slack in the labor market, but currency investors focused on the Fed’s interest rate projections.

Sep 16, 2014

Dollar drops to two week-low vs euro ahead of Fed outcome

NEW YORK, Sept 16 (Reuters) – The dollar fell to nearly
two-week lows against the euro and Swiss franc on Tuesday,
pressured by a report that said the Federal Reserve was unlikely
to change its dovish stance on near-zero interest rates at a
two-day policy meeting that ends on Wednesday.

That was in contrast to what some in the market were
expecting, as they braced for a Fed that could suddenly turn
upbeat about the U.S. economy and flag an interest-rate increase
sooner rather than later.

Sep 16, 2014

Dollar inches lower ahead of Fed meeting outcome

NEW YORK (Reuters) – The dollar slipped on Tuesday as investors booked profit on the currency’s recent rally ahead of a Federal Reserve meeting that could potentially turn more upbeat on the U.S. economy and flag an interest-rate increase sooner rather than later.

The dollar index, a measure of the greenback’s value against six major currencies, was on track for its 10th weekly gain. Since May, the index has gained nearly six percent, but on Tuesday, it dipped 0.1 percent at 84.165 .DXY.