Gertrude's Feed
Aug 28, 2014

Analysis – Bitcoin shows staying power as online merchants chase digital sparkle

NEW YORK (Reuters) – Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

Though sales paid for in bitcoin so far at vendors interviewed for this article have been a fraction of one percent, they expect that as acceptance grows, the online currency will one day be as ubiquitous as the internet.

Aug 28, 2014

Bitcoin shows staying power as online merchants chase digital sparkle

NEW YORK (Reuters) – Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

    Though sales paid for in bitcoin so far at vendors interviewed for this article have been a fraction of one percent, they expect that as acceptance grows, the online currency will one day be as ubiquitous as the internet.

Aug 22, 2014

Dollar regains luster as Yellen seen less dovish than usual

NEW YORK, Aug 22 (Reuters) – The dollar rose to its highest
in more than 11 months against a basket of currencies on Friday
after Federal Reserve Chair Janet Yellen came out more balanced
than expected on her views about the U.S. economy and monetary
policy in remarks to central bankers.

The speech by Yellen, a policy ‘dove’, to an annual
gathering of central bankers in Jackson Hole, Wyoming, cited
persistent labor market slack but noted faster recovery in the
sector could accelerate the timing of a Fed interest rate hike.

Aug 22, 2014

Dollar boosted as Yellen seen more even-handed about U.S. economy

NEW YORK, Aug 22 (Reuters) – The dollar gained on Friday
after Federal Reserve Chair Janet Yellen came out more balanced
than expected on her views about the U.S. economy in a speech to
central bankers.

The speech by Yellen, a known policy ‘dove’, to an annual
gathering of central bankers in Jackson Hole, Wyoming, cited
persistent labor market slack but noted faster recovery in the
sector could accelerate the timing of a Fed interest rate hike.

Aug 20, 2014

Yields climb to one-week peaks on Fed minutes

NEW YORK, Aug 20 (Reuters) – U.S. Treasury yields rose to
one-week highs on Wednesday after minutes of the latest Federal
Reserve meeting said the central bank was surprised at the U.S.
labor market’s quick progress, suggesting a rate increase would
come sooner rather than later.

Yields on U.S. long government debt advanced for a third
straight session, which may reflect investors’ overall comfort
with the pace of the U.S. recovery. It could also mean investors
are booking profits amid a searing government bond rally this
year.

Aug 15, 2014

Dollar slides; yen, Swiss franc rise on Russia-Ukraine tension

NEW YORK, Aug 15 (Reuters) – The dollar fell on Friday, hurt
by generally weak U.S. economic data this week and heightened
tensions in Ukraine that pushed Treasury yields lower.

Investors sold the greenback against the safe-haven yen and
Swiss franc.

The Japanese and Swiss currencies advanced against most
currencies after the government in Kiev said its artillery
partially destroyed a Russian column in fighting overnight.
Russia denied its forces had crossed into Ukraine, calling the
Ukrainian report “some kind of fantasy.

Aug 15, 2014

Yen, Swiss franc rise on fresh Russia-Ukraine tension

NEW YORK, Aug 15 (Reuters) – The safe-haven yen and Swiss
franc advanced on Friday after heightened tension in Ukraine
that saw the government’s artillery destroy a “significant” part
of a Russian armored column.

The Swiss franc hit a 19-month high against the euro and a
three-week peak versus the dollar on the news. The yen meanwhile
reversed losses against the dollar, turning higher.

Aug 15, 2014

Foreigners shun U.S. assets in June; sell Treasuries, corporate bonds

NEW YORK, Aug 15 (Reuters) – Foreigners sold long-term U.S.
securities in June, including U.S. Treasuries and corporate
bonds, reversing inflows in the previous month, data from the
U.S. Treasury Department showed on Friday.

Net sales of long-term U.S. assets notched $18.7 billion in
June following an inflow of $18.6 billion the month before.

Aug 14, 2014

Dollar edges up, recovers from early losses in thin trading

NEW YORK (Reuters) – The U.S. dollar recovered from early losses on Thursday in generally thin trading, boosted by gains on Wall Street as tensions eased in Ukraine and the Middle East.

A robust U.S. 30-year bond auction supported Treasuries prices in general and weighed on yields, which has ironically underpinned the greenback, analysts said.

Aug 14, 2014

Dollar falls on U.S. jobless claims

NEW YORK, Aug 14 (Reuters) – The dollar weakened broadly on
Thursday, falling after three straight days of gains, on yet
another piece of data suggesting a bumpy recovery for the U.S.
economy.

An increase in the weekly U.S. jobless claims came a day
after an unexpectedly flat retail sales report, which reinforced
expectations the Federal Reserve would be in no rush to raise
interest rates. Higher interest rates tend to enhance the
dollar’s appeal as they boost the yield of some U.S. assets.