Gertrude's Feed
Feb 18, 2015

Foreign selling of U.S. assets intensifies in December-Treasury data

NEW YORK, Feb 18 (Reuters) – Foreign investor selling of
U.S. long-term and short-term assets escalated in December, with
outflows at their largest since January 2009.

These outflows totaled $174.8 billion in December, compared
with sales of just $14.3 billion the previous month, data from
the U.S. Treasury Department showed on Wednesday.

Feb 13, 2015

Dollar slides vs yen; focus on FOMC minutes next week

NEW YORK, Feb 13 (Reuters) – The dollar fell for a second
straight session against the yen on Friday, pressured by yet
another weak U.S. economic report and investors continuing to
pare back overstretched long positions ahead of a three-day
holiday weekend.

Thursday’s soft U.S. retail and jobless claims numbers did
not help the dollar’s cause and that weakness spilled over to
Friday when the U.S. consumer confidence survey came out.

Feb 13, 2015

Dollar retreats as weak U.S. data weighs

NEW YORK, Feb 13 (Reuters) – The dollar fell for a second
straight session on Friday against a basket of currencies,
pressured by yet another weak U.S. economic report and investors
continuing to pare back overstretched long positions ahead of a
three-day holiday weekend.

Thursday’s soft U.S. retail and jobless claims numbers
didn’t help the dollar’s cause as well and that weakness spilled
over to Friday. The dollar index was down 0.7 percent this week,
on pace for its lowest weakly performance since mid-December. It
was last at 93.976, down 0.1 percent.

Feb 12, 2015

Dollar tumbles on weak U.S. data; euro hits one-week high

NEW YORK, Feb 12 (Reuters) – The dollar dropped across the
board on Thursday after weaker-than-expected U.S. economic data,
although its outlook remained upbeat as many investors
continued to price in an interest rate hike by the Federal
Reserve sometime this year.

The dollar index, a gauge of its value against six major
currencies, fell after two straight days of gains. For the month
of February, the dollar index was down 0.5 percent, on track for
its first monthly loss in eight months.

Feb 12, 2015

Dollar slides on soft U.S. data; euro gets relief

NEW YORK (Reuters) – The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve some time this year.

The dollar index, a gauge of its value against six major currencies, fell after two straight days of gains. For the month of February, the dollar index was down 0.5 percent, on track for its first monthly loss in eight months.

Feb 11, 2015

Euro dashes higher on reports of progress over Greece

NEW YORK, Feb 11 (Reuters) – The euro advanced against the
U.S. dollar late on Wednesday as conflicting reports emerged
about progress between the European Union and Greece over a
bailout deal due to expire at the end of the month.

Two official sources told Reuters that no deal has been
reached, but that a common statement was being drafted that
could leave it open for Greece to extend its current financing.
A Greek official insisted there could be no extension of the
deeply unpopular bailout.

Feb 11, 2015

Euro weakens on worries over outcome of Greek debt talks

NEW YORK, Feb 11 (Reuters) – The euro hit a seven-year low
against the British pound and fell versus the dollar for a
second straight session on Wednesday ahead of the outcome of a
euro zone finance ministers’ meeting as the region and Greece
edged closer to a showdown.

Any failure to find common ground on Greece’s debt burden
will likely put more pressure on the euro.

Feb 11, 2015

Euro slides as investors await outcome of talks over Greek debt

NEW YORK, Feb 11 (Reuters) – The euro hit a seven-year low
against the British pound and fell versus the dollar for a
second straight session on Wednesday ahead of the outcome of a
euro zone finance ministers’ meeting as the region and Greece
edged closer to a showdown.

Any failure to find common ground on Greece’s debt burden
will likely put more pressure on the euro.

Feb 10, 2015

Dollar advances to 1-month high vs yen as U.S. yields rise

NEW YORK, Feb 10 (Reuters) – The dollar climbed to one-month
peaks against the yen on Tuesday on the back of broadly higher
U.S. Treasury yields, while the euro was weighed down by
uncertainty about a new debt deal for Greece.

The euro sank below $1.13 in morning trade in Europe,
but recovered some losses after a report said European officials
would make a compromise proposal to give Athens another six
months to negotiate a deal.

Feb 10, 2015

Dollar rises to one-month high vs. yen as U.S. yields rise

NEW YORK (Reuters) – The dollar climbed to one-month peaks against the yen on Tuesday on the back of broadly higher U.S. Treasury yields, while the euro was weighed down by official comments and media reports on the progress of discussions over a new debt deal for Greece.

The euro sank below $1.13 EUR= in morning trade in Europe, but recovered some of its losses after a report said European officials would make a compromise proposal to give Athens another six months to negotiate a deal.