European Hedge Funds Correspondent
Laurence's Feed
Dec 3, 2013

Dollar rises vs yen as Fed, BOJ paths diverge

LONDON, Dec 3 (Reuters) – The yen fell against the dollar on
Tuesday as strong U.S. data the previous day raised expectations
the Federal Reserve could soon scale back its bond-buying while
Japanese monetary policy looks set to stay loose for some time.

The dollar rose 0.1 percent to 103.04 yen. It hit
103.38 yen in Asian trading, not far from a six-month high of
103.74 yen, a level dollar bulls are targeting. If it breaks
that level, the dollar will be at its highest in four years.

Nov 22, 2013

Euro hits four-year high against yen after German Ifo

LONDON, Nov 22 (Reuters) – The euro rose to a four-year high
against the yen and traded up against the dollar on Friday after
much stronger-than-expected German business sentiment pointed to
a continued rebound in Europe’s largest economy.

The euro was 0.3 percent up at 136.81 yen, having
risen as high as 136.995 yen. Against the dollar it was
0.2 percent up at $1.3513.

Nov 22, 2013

Euro near 4-year high against yen, awaits German Ifo

LONDON (Reuters) – The euro hovered near a four-year high against the yen and rose against the dollar as investors positioned for a robust German business sentiment survey that is likely to show a continued rebound in Europe’s largest economy.

The euro was marginally lower at 136.26 yen, having earlier hit 136.54 yen in Asian trading. Against the dollar it was 0.1 percent up at $1.3489.

Nov 21, 2013

Sterling falls after Fed says may scale back bond-buying

LONDON (Reuters) – Sterling lost ground on Thursday after the U.S. Federal Reserve said it could start to scale back its massive bond-buying programme at one of its next few policy meetings.

The pound was down 0.1 percent against the dollar at $1.6089.

Minutes from the Federal Reserve’s latest meeting showed officials believed they might be able to start scaling back the stimulus programme soon, provided this was warranted by economic growth.

Nov 20, 2013

Dollar falls against yen after Bernanke comments

LONDON, Nov 20 (Reuters) – The dollar edged lower on
Wednesday after Federal Reserve Chairman Ben Bernanke said the
U.S. central bank would maintain its ultra-easy monetary policy
for as long as needed.

The dollar fell 0.2 percent against the yen to 99.93,
having risen for much of the past month on expectations that the
United States would begin to wind down its stimulus. The dollar
index was also 0.1 percent lower at 80.613.

Nov 20, 2013

Dollar slips vs yen after Bernanke comments

LONDON, Nov 20 (Reuters) – The dollar edged lower on
Wednesday after U.S. Fed Chairman Ben Bernanke said the Fed will
maintain its ultra-easy monetary policy for as long as needed.

The dollar fell 0.2 percent against the yen at 99.95,
having risen for much of the past month on expectations the
United States will begin to wind down its stimulus.

Nov 19, 2013

Dollar recovers after China yuan intervention plan

LONDON, Nov 19 (Reuters) – The dollar recovered early losses
to trade higher against the euro on Tuesday after the Chinese
central bank said it would gradually exit from regular
intervention in the foreign exchange market.

Zhou Xiaochuan, head of the People’s Bank of China, said in
a book on reforms published on Tuesday that China will gradually
expand the yuan trading band to help make the currency more
flexible and market-driven. This followed reform plans last week
to let the market play a “decisive” role in the economy.

Nov 19, 2013

Dollar falls on Fed view, euro up before German ZEW

LONDON, Nov 19 (Reuters) – The dollar index fell for a third
successive day on Tuesday as investors trimmed long positions,
after a Federal Reserve official said easy monetary policy was
likely to be in place for some time to come.

The dollar’s weakness helped pushed the euro higher,
although gains were limited before a German ZEW economic
sentiment survey, due at 1000 GMT. Investors are expecting an
improved reading to support the euro, while a
lower-than-expected number could see it give up recent gains.

Nov 18, 2013

Sterling falls versus euro after euro zone trade data

LONDON (Reuters) – Sterling fell against the euro on Monday after stronger-than-expected euro zone trade data to pare long positions in the pound.

The euro rose 0.3 percent to 83.94 pence. The single currency has stayed well below a peak of 85.85 pence hit in late October, since the European Central Bank cut interest rates earlier this month.

Nov 18, 2013

China reforms help growth currencies; dollar, yen fall

LONDON, Nov 18 (Reuters) – Higher-yielding currencies such
as the Australian and New Zealand dollars rose against the U.S.
dollar and yen on Monday, boosted by buoyant stock markets as
investors cheered China’s economic reform plans.

Chinese shares posted their biggest gain in more
than two months on Monday, as Beijing announced its most
sweeping economic and social reforms in nearly three decades.
Global shares hit their highest levels since the start of 2008
.