Gertrude's Feed
Nov 6, 2015

U.S. jobs report sends dollar soaring against major currencies

NEW YORK, Nov 6 (Reuters) – The dollar jumped against major
world currencies on Friday after data showed the U.S. economy
created far more jobs than expected in October, bolstering the
case for an interest rate increase from the Federal Reserve next

Non-farm payrolls increased 271,000 last month, the largest
rise since December. Market economists polled by Reuters had
predicted 180,000 new jobs for October.

Nov 6, 2015

UK forex fund gets $3.5 billion inflows in 2015, launches hedge fund

NEW YORK, Nov 6 (Reuters) – Millennium Global Investments, a
London-based currency manager, has snagged about $3.5 billion in
inflows so far this year from institutional investors seeking a
hedge from heightened volatility in the foreign exchange market,
the company said in an email to Reuters on Thursday.

New inflows for the year pushed Millennium’s assets under
management to $16 billion at the end of October, according to
the asset manager, from just $3 billion in 2005. Inflows in the
previous four years have been less than $1 billion.

Nov 6, 2015

Dollar gains across the board, bolstered by U.S. jobs

NEW YORK (Reuters) – The dollar jumped to a more than six-month high on Friday after data showed the U.S. economy created more jobs than expected in October, bolstering the case for an interest rate increase next month.

The U.S. currency posted gains across the board, hitting a 2-1/2-month peak versus the yen, a seven-month high against the Swiss franc and a 6-1/2-month peak against the euro.

Nov 5, 2015

U.S. holds final auction of bitcoin from Silk Road case

NEW YORK (Reuters) – The U.S. government on Thursday began its final auction of bitcoins seized during the prosecution of the creator of Silk Road, an online black market where the virtual currency could be used to buy illegal drugs and other goods.

The six-hour online auction began at 8:00 a.m. EST for about 44,341 bitcoins worth more than $17.5 million.

Oct 30, 2015

After sell-off, some investors jump back into emerging market bonds

NEW YORK (Reuters) – Plunging commodity prices and a slowdown in China have prompted a sell-off of emerging market bonds over the last two years, but some investors have started to dip their toes back into the beleaguered sector.

Capital flows have turned positive amid a wave of currency depreciation over the last several years, and investors such as Eaton Vance and HSBC Asset Management have added exposure to emerging markets.

Oct 28, 2015

Dollar rebounds as December rate hike back in play

NEW YORK (Reuters) – The dollar soared to its highest level in more than two months against the euro on Wednesday, propelled by renewed expectations the U.S. Federal Reserve could raise interest rates in December.

The U.S. currency also rose to a more than seven-month peak against the Swiss franc and a two-week high versus sterling. The euro was down 2.4 percent so far this month, on track for its largest monthly loss since March.

Oct 27, 2015

Bitcoin firm raises funding from Bain, New York Life, MasterCard

NEW YORK, Oct 27 (Reuters) – Digital Currency Group, a
holding firm focused on investing and developing businesses that
deal in bitcoin and other cryptocurrencies, has raised funding
from some of the biggest U.S. financial names, founder and
chief executive officer Barry Silbert said on Tuesday.

Bain Capital Ventures, the Boston-based venture capital unit
of private equity firm Bain Capital, credit card company
MasterCard, insurance giant New York Life Insurance Company, and
Canadian bank CIBC were four of the company’s new investors.

Oct 23, 2015

Euro drops to two-month low vs dollar as ECB weighs

NEW YORK, Oct 23 (Reuters) – The euro stumbled to a
two-month low against the dollar on Friday, still struggling
after the European Central Bank a day earlier signalled further
monetary easing to fire up an economy grappling with sluggish
growth and low inflation.

Europe’s common currency was down 2.8 percent versus the
dollar for the week, on track for its worst weekly showing in
three months. It fell to a one-month low against the yen and for
the week was down 1.4 percent, its largest weekly percentage
fall in six weeks.

Oct 22, 2015

Group formed to help with U.S. digital currency probes

By Gertrude Chavez-Dreyfuss and Karen Freifeld

(Reuters) – Some of the biggest names in the bitcoin
community have formed an organization to help counter criminal
activity involving digital currencies and their underlying

Called Blockchain Alliance, the group will serve as a
resource for law enforcement, providing technical assistance for
digital currency investigations. The Alliance was founded by the
Chamber of Digital Commerce and Coin Center, which announced the
group’s formation on Thursday.

Oct 22, 2015

Euro slides as ECB’s Draghi sends dovish rate signals

NEW YORK (Reuters) – The euro tumbled on Thursday after European Central Bank President Mario Draghi said the bank discussed a further interest rate cut and raised the possibility of further easing measures to counter weak inflation in the euro zone.

Europe’s shared currency fell to a one-month low against sterling, a more than two-week trough versus the dollar, and a three-week low against the yen as Draghi gave a downbeat assessment of the region’s economy.