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Dec 11, 2014

Analysis – All the rage a year ago, bitcoin sputters as adoption stalls

NEW YORK (Reuters) – After skyrocketing to more than a thousand dollars in price late last year and attracting global attention, bitcoin, the leading digital currency, has stalled.

Figures obtained by Reuters show that while “wallets” – cyberspeak for accounts – are being created at a steady clip, many of them are empty. Analysts also provided Reuters with data that shows liquidity in the cryptocurrency remains limited.

Dec 11, 2014

All the rage a year ago, bitcoin sputters as adoption stalls

NEW YORK (Reuters) – After skyrocketing to more than a thousand dollars in price late last year and attracting global attention, bitcoin, the leading digital currency, has stalled.

Figures obtained by Reuters show that while “wallets” – cyberspeak for accounts – are being created at a steady clip, many of them are empty. Analysts also provided Reuters with data that shows liquidity in the cryptocurrency remains limited.

Dec 11, 2014

U.S. dollar rebounds after three-day losing streak

NEW YORK (Reuters) – The dollar recovered after three days of losses on Thursday, further boosted by strong U.S. retail sales numbers and declining jobless claims, suggesting the world’s largest economy remained on track for an interest rate hike next year.

The greenback was on the road to recovery anyway after being sold off the last few days, and the upbeat data only reinforced the currency’s positive momentum.

Dec 10, 2014

U.S. dollar slide persists for third day

NEW YORK, Dec 10 (Reuters) – The U.S. dollar fell against
the yen for a third straight session on Wednesday as risk
appetite diminished amid worries about Greece and the outlook
for China, the world’s second-largest economy.

The greenback has lost about 3 percent versus the yen the
last three days, moving away from a seven-year peak above 121
yen hit on Monday, in its worst three-day loss in 1-1/2 years.

Dec 10, 2014

U.S. dollar retreat continues for third day

NEW YORK (Reuters) – The U.S. dollar fell against the safe-haven yen for a third straight session on Wednesday as risk appetite diminished amid worries about Greece and the outlook for China, the world’s second largest economy.

The greenback has lost about two percent versus the yen in the last three days, moving further away from a seven-year peak above 121 yen hit on Monday this week. Its two percent fall was the worst three-day loss for the dollar in eight months.

Dec 9, 2014

Dollar wobbles vs yen as risk appetite declines

NEW YORK, Dec 9 (Reuters) – The dollar tumbled on Tuesday,
posting its largest one-day loss against the yen in eight
months, as investors sought the Japanese currency’s safety amid
uncertainty in Greece and the weak trend in oil prices.

Investors tend to buy the yen in times of geopolitical or
economic stress, but the overall outlook for the Japanese
currency stayed downbeat as the economy is still in the midst of
massive quantitative easing. Sliding global stocks, a result of
soft oil prices and poor Chinese data on Monday, prompted
investors, who had sold the yen in recent days, to cover their
positions.

Dec 9, 2014

Bitcoin Trust wins 48,000 bitcoins auctioned by U.S. Marshals

NEW YORK (Reuters) – Bitcoin Investment Trust, an investment fund focused on the digital currency for high net-worth individuals, has won the bidding for 48,000 bitcoins auctioned last Thursday, Brendan O’Connor, managing director of the SecondMarket exchange, said on Tuesday.

The U.S. Marshals Service auctioned 50,000 bitcoins last week seized from the alleged owner of Silk Road, an Internet black-market bazaar where authorities say drugs and other illegal goods could be bought.

Dec 9, 2014

Dollar drops versus yen as risk appetite falters

LONDON (Reuters) – The dollar plunged across the board on Tuesday, on track for its largest one-day loss against the yen since June 2013, as investors sought the Japanese currency’s safety amid uncertainty in Greece and the weak trend in oil.

Investors tend to buy the yen in times of geopolitical or economic stress, but the overall outlook for the Japanese currency stayed downbeat as the economy is still in the midst of massive quantitative easing. Sliding global stocks, a result of soft oil prices in general and poor Chinese data on Monday, prompted investors, who had sold the yen in recent days, to rush to cover their positions.

Dec 8, 2014

Dollar falls from two-year high versus euro, seven-year peak versus yen

NEW YORK (Reuters) – The dollar slid from a seven-year high against the yen and a two-year peak versus the euro on Monday, as investors consolidated gains made following a strong U.S. jobs report that is expected to trigger an interest rate increase next year.

The greenback’s outlook remained upbeat despite Monday’s fall. Investors were already looking ahead to the December monetary policy meeting of the U.S. Federal Reserve next week, watching for a change in the statement’s language to a more hawkish tone.

Dec 8, 2014

Dollar falls from two-year high vs euro, 7-year peak vs yen

NEW YORK, Dec 8 (Reuters) – The dollar slid from a
seven-year high against the yen and a two-year peak versus the
euro on Monday, as investors consolidated gains made following a
strong U.S. jobs report that is expected to trigger an interest
rate increase next year.

The greenback’s outlook remained upbeat despite Monday’s
fall. Investors were already looking ahead to the December
monetary policy meeting of the U.S. Federal Reserve next week,
watching for a change in the statement’s language to a more
hawkish tone.