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May 15, 2015

Dollar drops to three-month low vs euro on soft U.S. data

NEW YORK, May 15 (Reuters) – The dollar fell to a
three-month low against the euro on Friday, as disappointing
data on U.S. domestic factory activity and consumer sentiment
spurred doubts about the recovery in the world’s largest
economy.

Against a basket of six major currencies, the dollar fell
for a fifth straight week, the longest stretch of declines in
four years. The dollar index was last down 0.3 percent at 93.204
.

May 15, 2015

Honduras to build land title registry using bitcoin technology

NEW YORK (Reuters) – Honduras, one of the poorest countries in the Americas, has agreed to use a Texas-based company to build a permanent and secure land title record system using the underlying technology behind bitcoin, a company official said late Thursday.

Factom, a U.S. blockchain technology company based in Austin, Texas, will provide the service to the government of Honduras, the firm’s president, Peter Kirby, said. The company is doing the project with Epigraph, a title software company that uses blockchain technology, also based in Austin.

May 8, 2015

USAA creates research team to study use of bitcoin technology

NEW YORK (Reuters) – USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said.

Alex Marquez, managing director of corporate development at USAA, said in an interview this week that the company and its banking, insurance, and investment management subsidiaries hoped the “blockchain” technology could help decentralize its operations such as the back office.

May 5, 2015

Dollar falters as mixed U.S. data clouds rate outlook

NEW YORK, May 5 (Reuters) – The dollar skidded from
three-week highs against the yen and one-week peaks against the
euro as a mixed batch of U.S. economic data added to uncertainty
about the pace of future interest rate increases.

A better-than-expected report on the U.S. services sector
for April was offset by a wider-than-anticipated trade deficit.
The dollar initially rallied on the service sector survey, but
came crashing back down.

May 5, 2015

Dollar retreats as mixed U.S. data blurs rate outlook

NEW YORK (Reuters) – The dollar fell from three-week highs against the yen and one-week peaks versus the euro as a mixed batch of U.S. economic data added to uncertainty about the pace of future interest rate increases.

A better-than-expected report on the U.S. services sector for April was offset by a wider-than-anticipated trade deficit. The dollar initially rallied on the service sector survey, but came crashing back down.

May 1, 2015

Dollar advances to two-week highs vs yen, euro slides

NEW YORK, May 1 (Reuters) – The dollar touched a two-week
high against the yen on Friday and rose from a two-month low
versus a basket of major currencies, supported by signs that the
U.S. economy may be stabilizing after a recent soft patch.

U.S. economic reports were mixed, with consumer sentiment
strong but manufacturing and construction weak. The net effect
of the data was positive on the dollar, which investors viewed
as oversold. Volumes was thin, with most of Europe shut for the
May Day holiday.

May 1, 2015

Dollar climbs to two-week peak v yen; euro gives up gains

NEW YORK (Reuters) – The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies, supported by signs that the U.S. economy may be stabilizing after a recent soft patch.

U.S. economic reports were mixed on Friday, however, with some weakness noted in manufacturing and construction. That did not stop investors from buying back what has been an oversold dollar. Yields on U.S. 30-year government bonds and 10-year notes hit seven-week highs, also underpinning the greenback.

Apr 30, 2015

Dollar up vs yen on U.S. data; but index posts worst month in 4 years

NEW YORK, April 30 (Reuters) – The dollar rose against the
Japanese yen Thursday after U.S. data showed signs of a
stabilizing labor market and an economy that was gathering
momentum, putting the Federal Reserve on track to raise interest
rates at least once this year.

Following the upbeat U.S. data, the dollar trimmed its
losses against the euro, which had earlier climbed to a
two-month peak.

Apr 30, 2015

Dollar advances vs yen on upbeat U.S. data

NEW YORK, April 30 (Reuters) – The dollar gained against the
yen Thursday after U.S. data showed signs of a stabilizing labor
market and an economy that was gathering momentum, putting the
Federal Reserve on track to raise interest rates at least once
this year.

Following the upbeat U.S. data, the dollar trimmed its
losses against the euro, which had earlier climbed to a
two-month peak.

Apr 29, 2015

Dollar drops to nine-week low as U.S. GDP weighs

NEW YORK, April 29 (Reuters) – The dollar sank to a
nine-week low on Wednesday after data showed the U.S. economy
grew much more slowly than expected in the first quarter,
reinforcing expectations for a gradual pace of interest rate
rises by the Federal Reserve.

The greenback, however, trimmed its losses after the Fed
released its monetary policy statement following a two-day
meeting. The dollar, though, was still on track to end the month
lower after nine straight months of gains.