Karen's Feed
Apr 24, 2015

Despite doubters, swaps group ISDA touts central role in market reform

MONTREAL, April 24 (Reuters) – When Scott O’Malia, chief
executive officer of the International Swaps and Derivatives
Association, took the stage at the trade group’s 30th annual
general meeting this week, he explained the strength of ISDA as
“in a word, relevance.”

To maintain relevance, however, the association needs to
adapt to market reforms that in some ways may make ISDA less
likely to hold sway.

Apr 17, 2015

Treasury queries dealers about repo disruptions at quarter-end

April 17 (Reuters) – The U.S. Treasury is asking primary
dealers in the U.S. government bond market about trading
activity in money markets at the end of the first quarter, as
concerns increase that strong demand for safe haven assets
during certain dates can create market dislocations.

The Treasury asked dealers to describe market conditions in
the repurchase agreement market at the end of March, including
interest rates, participation and liquidity, and whether dealers
expect volatility in the securities at mid-month or month-end to
become more common.

Feb 20, 2015

Euro gains on agreement to extend Greece’s bailout package

NEW YORK, Feb 20 (Reuters) – The euro gained against the
U.S. dollar on Friday after euro zone ministers agreed to extend
Greece’s financial rescue package by four months.

The agreement removed the immediate threat that Greece could
run out of money next month and be forced out of the single
currency area. The new leftist-led Athens government now can try
to negotiate longer-term debt relief with official creditors.

Feb 20, 2015

Euro falls before Greek talks

NEW YORK (Reuters) – The euro fell against the U.S. dollar for a third consecutive session on Friday as traders remained cautious before a meeting later in the day on Greece’s request for a six-month loan extension.

The euro traded 0.62 percent lower against the dollar at $1.1294 EUR=, down from Thursday’s high of $1.1450. It has largely stuck to a $1.1269-1.1450 range this week.

Feb 17, 2015

Euro gains on rising hopes of Greek debt deal

NEW YORK (Reuters) – The euro gained against the U.S. dollar on Tuesday on rising hopes that Greece will find common ground with its euro zone partners for support beyond its current bailout program.

Athens rejected a proposal to request a six-month extension of its international bailout on Monday as “unacceptable.”

Feb 17, 2015

Euro rises, shrugs off collapse in Greek debt talks

NEW YORK, Feb 17 (Reuters) – The euro recovered from initial
losses on Tuesday, helped by a bounce in German investor
sentiment and hopes that Greece will find a common ground with
its euro zone partners for support beyond its current bailout
program.

Earlier, the euro weakened after a collapse in talks to
secure a new debt deal for Greece raised doubts about the
country’s future in the euro zone. Athens rejected a proposal to
request a six-month extension of its international bailout as
“unacceptable.”

Nov 28, 2014

Dollar gains as oil slide stirs disinflation fears

NEW YORK, Nov 28 (Reuters) – The dollar gained on Friday as
sliding oil prices stirred disinflation fears in the euro zone
and Japan, while investors also looked ahead to a heavy week of
central bank meetings and the U.S. monthly employment report.

U.S. crude fell 10 percent on Friday on OPEC’s
decision not to cut output, settling at $66.15 a barrel.

Nov 28, 2014

Dollar gains as oil slide increases disinflation fears

NEW YORK, Nov 28 (Reuters) – The dollar gained on Friday as
low oil prices added to disinflation fears in the euro zone and
Japan, while investors also looked ahead to a heavy week of
central bank meetings and the U.S. monthly employment report.

Annual consumer inflation in the euro zone cooled to a
five-year low as energy prices fell, suggesting deflation
remains a real threat for the European Central Bank.
Japan’s annual core consumer inflation also
slowed for a third straight month in October.

Nov 28, 2014

Dollar gains from oil slide, deflation in Europe and Japan

NEW YORK, Nov 28 (Reuters) – The dollar gained on Friday as
concerns about continuing low oil prices added to deflation
fears in the euro zone and Japan, while conversely boosting
expectations that cheaper oil will help stimulate U.S. consumer
spending.

Annual inflation in the euro zone cooled to 0.3 percent in
November, marking a return to September’s five-year low for
consumer inflation, as energy prices fell, suggesting deflation
remains a real threat for the European Central Bank.

Nov 21, 2014

Euro drops as Draghi raises stimulus hopes

NEW YORK, Nov 21 (Reuters) – The euro fell sharply on Friday
after European Central Bank chief Mario Draghi said inflation
expectations were declining to levels that were very low,
keeping the door open for further monetary easing soon.

The euro fell 1 percent to $1.2413 and tumbled 1.32
percent against the yen to 146.27 yen.