Gertrude's Feed
Aug 28, 2015

Dollar gains as Fed officials keep door open for Sept hike

NEW YORK, Aug 28 (Reuters) – The dollar rose to one-week
highs on Friday for a fourth straight session of gains after
some Federal Reserve officials did not rule out an interest rate
hike next month despite this week’s market meltdown.

The dollar index, a gauge of the greenback’s value against
six major currencies, rebounded from seven-month lows struck on
Monday and posted its largest weekly gain in a month as
financial markets calmed down after recent turmoil.

Aug 28, 2015

Dollar gains on rate remarks by Fed’s Fischer, positive U.S. data

NEW YORK, Aug 28 (Reuters) – The dollar rose to one-week
highs on Friday, for a fourth straight session of gains, on
rate-hike remarks by a senior Fed official and generally
positive U.S. data that supported the notion the world’s largest
economy was on a stable growth path.

The dollar index, a gauge of the greenback’s value against
six major currencies, bounced back from seven-month lows struck
on Monday and was on track for its largest weekly gain in a
month as financial markets calmed down after recent turmoil.

Aug 28, 2015

Dollar rises on return of calm in markets, U.S. data

NEW YORK (Reuters) – The dollar gained for a fourth straight session on Friday, buoyed by calmer financial markets and generally positive U.S. data that supported the notion that the world’s largest economy was on a stable growth path.

The dollar index, a gauge of the greenback’s value against six major currencies, had bounced back from seven-month lows struck on Monday and was on track for its largest weekly gain in a month.

Aug 27, 2015

Dollar firms for 3rd day on strong U.S. data, equities gain

NEW YORK, Aug 27 (Reuters) – The dollar rose for a third
consecutive session on Thursday, bolstered by data showing a
much stronger U.S. economy than had been thought and by gains in
global equities, which benefited from improving risk sentiment.

U.S. data showing falling jobless claims and a faster growth
rate than had initially been estimated in the world’s largest
economy underpinned the dollar.

Aug 27, 2015

Dollar rises for third day on upbeat U.S. data, higher risk appetite

NEW YORK (Reuters) – The dollar advanced for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment.

U.S. data showing falling jobless claims and a faster growth rate than had initially been estimated in the world’s largest economy underpinned the dollar.

Aug 26, 2015

Dollar gains for a 2nd day as U.S. stocks recover

NEW YORK, Aug 26 (Reuters) – The dollar rebounded for a
second straight session on Wednesday as calm returned to
financial markets with Wall Street stocks firmer and European
shares recouping some losses, all of which reduced the need to
buy safe-haven currencies like the yen.

China’s central bank increased efforts to shore up
sentiment, pumping $21.8 billion into the money market, a day
after it cut interest rates and relaxed reserve requirements for
some large banks.

Aug 26, 2015

Dollar up for a second day as U.S. stocks recover

NEW YORK (Reuters) – The dollar rallied for a second straight session on Wednesday as some calm returned to financial markets with Wall Street stocks firmer and European shares recouping some losses, all of which reduced the need to buy safe-haven currencies like the yen.

China’s central bank ramped up its efforts to shore up sentiment, pumping $21.8 billion into the money market, a day after it cut interest rates and relaxed reserve requirements for some large banks.

Aug 25, 2015

Analysis – U.S. dollar fails to get usual safety bid from volatility in short term

NEW YORK/LONDON (Reuters) – Most bouts of global market volatility in recent years have featured one constant: the U.S. dollar strengthens as investors clamour for the perceived safety of U.S. assets such as Treasuries.

By contrast, over the last two previous trading days, the dollar lost 4.0 percent against the yen, while dropping to a seven-month low versus the euro on Monday, as world stock markets slumped and emerging market currencies plummeted.

Aug 25, 2015

U.S. dollar fails to get usual safety bid from volatility in short term

NEW YORK/LONDON (Reuters) – Most bouts of global market volatility in recent years have featured one constant: the U.S. dollar strengthens as investors clamor for the perceived safety of U.S. assets such as Treasuries.

By contrast, over the last two previous trading days, the dollar lost 4.0 percent against the yen, while dropping to a seven-month low versus the euro on Monday, as world stock markets slumped and emerging market currencies plummeted.

Aug 24, 2015

Euro, yen rally on heightened risk aversion; dollar takes a beating

NEW YORK, Aug 24 (Reuters) – The euro and yen climbed to
seventh-month highs against the dollar on Monday as investors,
worried about the slowdown in China, reversed bets on so-called
carry trades and bought back the low-interest rate currencies
used to fund those assets.

The dollar index, which measures the greenback’s performance
against a currency basket, fell to 92.621, its lowest in
seven months as investors reduced expectations of an interest
rate increase by the Federal Reserve in September.