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Oct 9, 2014

Dollar hits fresh 2-week low in wake of dovish Fed minutes

SYDNEY/SINGAPORE, Oct 9 (Reuters) – The dollar hit a
two-week low versus a basket of currencies on Thursday, after
minutes from the U.S. Federal Reserve’s last meeting prompted
markets to push out expectations for the likely timing of an
interest rate rise.

The dollar index fell 0.1 percent to 85.174. It
slipped to 85.143 at one point, its lowest level since late
September, pulling away from a four-year peak of 86.746 hit on
Friday.

Oct 7, 2014

Yen rises after Japan PM touches on demerits of a weaker currency

SINGAPORE, Oct 7 (Reuters) – The dollar slipped versus the
yen on Tuesday, reversing its earlier gains after Japanese Prime
Minister Shinzo Abe reflected upon the demerits of a weaker yen
on the economy.

The yen turned up after Abe, speaking in parliament, said
that a weaker yen burdens households and small firms by
increasing fuel prices.

Oct 7, 2014

Dollar pushes higher, regains some footing after a pullback

SINGAPORE/SYDNEY, Oct 7 (Reuters) – The dollar edged higher
on Tuesday, showing resilience in the wake of the previous day’s
slide, which was seen as a temporary setback for dollar bulls.

The dollar rose 0.3 percent against the yen to 109.11 yen
. On Monday, the dollar had shed 0.9 percent versus the
yen – its biggest one-day drop since early April – and backed
away from a six-year high of 110.09 yen set last week.

Oct 6, 2014

World Bank trims China, East Asia 2014-2016 growth forecasts

SINGAPORE (Reuters) – The World Bank cut its 2014-2016 growth forecasts for developing East Asia and China, and cautioned of capital-flight risks to Indonesia while growth in China is seen slowing due to policy measures aimed at putting the economy on a more sustainable footing.

The Washington-based lender expects the developing East Asia and Pacific (EAP) region to grow 6.9 percent in 2014 and 2015, down from the 7.1 percent rate it had previously forecast for both years. Growth in 2013 had been 7.2 percent.

Sep 25, 2014

As Singapore’s high-cost economy restructures, some short-term pain

SINGAPORE, Sept 26 (Reuters) – Data centre operator IO is just the kind of
company Singapore wants to see in its future as cost pressures erode its
competitiveness in the traditional low-end manufacturing that once helped make
it an “Asian Tiger” economy.

U.S.-based IO took space last year in what was once part of Seagate
Technology’s factory after the computer hardware maker shifted its
hard-disk production in 2010 to cut costs. But whereas Seagate cut 2,000
employees when it moved out, IO Singapore brought just 20 when it moved in.

Sep 24, 2014

Yen firmer after Japan PM Abe’s remarks; dollar pauses from rally

SINGAPORE/TOKYO (Reuters) – The yen edged higher on Wednesday after Japanese Prime Minister Shinzo Abe reportedly voiced concern about the economic impact of the currency’s recent weakness.

The dollar slipped 0.3 percent on the day to 108.55 yen JPY= after Jiji news service quoted Abe as saying he would carefully watch the impact of the yen’s recent weakness on Japanese regional economies.

Sep 23, 2014

Dollar rally pauses; Aussie edges up after flash China PMI

SINGAPORE/SYDNEY, Sept 23 (Reuters) – The dollar hovered
just below a four-year peak against a basket of major currencies
on Tuesday as the euro steadied near a 14-month trough with
sellers taking a bit of a breather.

The dollar index last traded at 84.671, having peaked
at 84.861 on Monday, a high not seen since July 2010. It has
posted 10 straight weeks of gains as markets wagered U.S. rates
would rise long before those in Europe or Japan.

Sep 19, 2014

Nigeria finmin confident 2014 GDP growth will exceed 6 pct

SINGAPORE, Sept 19 (Reuters) – Nigeria’s finance minister
said on Friday she is confident that growth in 2014 will be
around the government’s latest forecast of 6.5 percent after
discounting the economic impact of the insurgency waged by the
Islamist group Boko Haram.

“We are confident it will be better than 6 percent and about
6.5,” Nigeria’s finance minister, Ngozi Okonjo-Iweala, told
Reuters.

Sep 18, 2014

Dollar/yen hits six-year high as markets buy ‘hawkish’ Fed guidance

SYDNEY/SINGAPORE, Sept 18 (Reuters) – The dollar hit a six-year high against
the yen on Thursday after the Federal Reserve’s guidance on interest rates
highlighted the diverging pathways between the United States and other rich
nations.

The greenback raced to a high of 108.69 yen, its strongest level
since September 2008. The dollar last traded at 108.58 yen, up 0.2 percent on
the day.

Sep 16, 2014

Dollar pauses from rally as Fed comments loom, Aussie off lows

SYDNEY/SINGAPORE (Reuters) – The dollar eased on Tuesday with investors reluctant to do much as they waited for fresh guidance on interest rates from the Federal Reserve, while the Australian dollar held above a six-month trough.

The dollar index .DXY slipped 0.1 percent to 84.193, largely consolidating in a slim 84.035-84.519 range since its rally to a 14-month peak on Sept. 9 ran out of steam.