LONDON, Jan 6 (Reuters) – The euro rebounded on Monday, as
positive euro zone data suggested the European Central Bank will
not loosen policy further any time soon.
The single currency was last year’s best-performing major
currency – driven by factors such as euro zone banks
repatriating funds to shore up their capital bases and repaying
cheap loans to the ECB – but has lost ground in recent days.
LONDON, Jan 6 (Reuters) – The yen rose on Monday, pulling
away from recent five-year lows versus the dollar and the euro,
as a fall in global stocks prompted traders to buy the
safe-haven Japanese currency.
The dollar fell 0.3 percent to 104.55 yen while the
euro was down 0.1 percent at 142.25 yen.
LONDON (Reuters) – The yen rose on Friday as investors covered short positions and shunned risk, helping the Japanese currency move away from recent lows against the dollar and euro.
The dollar fell 0.4 percent to 104.32 yen, down more than a full yen from a five-year high of 105.45 yen set on Thursday.
LONDON (Reuters) – The dollar rose against the euro and the yen on Thursday with investors focused on whether U.S. economic data will support the case for the Federal Reserve gradually scaling back its bond-buying stimulus this year.
The euro – the strongest-performing major currency in 2013 – was down 0.3 percent at $1.3718.
LONDON (Reuters) – The euro eased back on Tuesday but was still on track to be the world’s best-performing major currency this year, while the dollar was set for its biggest annual gain against the yen since 1979.
The single currency has gained 26 percent against the yen this year. It dipped 0.2 percent to 144.78 yen on Tuesday, having set a five-year high of 145.67 yen on Friday.
LONDON, Dec 30 (Reuters) – The euro rose against the yen and
dollar on Monday, driven by euro zone banks drawing back
foreign-held assets before year-end and the European Central
Bank chief’s comment that there was no urgent need to cut rates.
The euro was 0.3 percent up against the yen at
144.89 yen, having hit a five-year high of 145.675 yen on
Friday, with the Japanese currency weighed down by expectations
the Bank of Japan will announce more money-printing.
LONDON (Reuters) – The yen fell against a stronger euro and hit a five-year low against the dollar on Monday, driven by expectations the Bank of Japan will announce more money-printing and euro zone banks draw back foreign-held assets before the end of the year.
The euro was 0.2 percent up against the yen at 144.74 yen, having hit a five-year high of 145.675 yen on Friday.
This is a guest post from author and former hedge fund manager Lars Kroijer. The piece reflects his own opinion and is not endorsed by Reuters. The views expressed do not constitute research, investment advice or trade recommendations.
Most literature or media on finance today tells us how to make money. We are bombarded with stock tips about the next Apple or Google, read articles on how India or biotech investing are the next hot thing, or told how some star investment manager’s outstanding performance is set to continue. The implicit message is that only the uninformed few fail to heed this advice and those that do end up poorer as a result. We wouldn’t want that to be us!
LONDON (Reuters) – The dollar hit a five-year high versus the yen on Friday as the fallout of Wednesday’s decision by the Federal Reserve to begin cutting bond-buying seeped into markets, driving U.S. Treasury yields higher.
The greenback also gained against the euro, which was held back by S&P’s decision to cut the European Union’s supranational long-term rating to AA-plus from AAA, citing rising tensions on budget negotiations.
LONDON (Reuters) – The collapse of FX Concepts, once the world’s biggest currency hedge fund, is symptomatic of the dramatic decline in a once-profitable sector that faces another tough year in 2014 at the mercy of central bank policy.
U.S.-based FX Concepts once managed more than $14 billion, but a combination of increasingly difficult market conditions and self-inflicted wounds killed it off earlier this year.