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Jan 3, 2014

Yen firms vs dollar and euro in short-covering rally

SINGAPORE, Jan 3 (Reuters) – The yen rose in a
short-covering rally on Friday, getting some respite in the wake
of its recent slide to five-year lows versus the dollar and the
euro.

The yen’s climb built up steam due to stop-loss selling in
the dollar and the euro versus the Japanese currency, traders
said.

Jan 3, 2014

Dollar clings near 2-week highs, buoyed by upbeat data

SINGAPORE, Jan 3 (Reuters) – The dollar held steady near a
two-week high versus a basket of currencies on Friday after
positive U.S. economic data reinforced expectations the Federal
Reserve will continue to step away from its bond buying
stimulus.

U.S. factory activity held near a 2-1/2-year high in
December and the number of Americans filing new claims for
jobless benefits fell again last week, data showed on Thursday,
suggesting the world’s largest economy was on stable footing.

Jan 2, 2014

Dollar near five-year high vs. yen, eyes on U.S. data

SINGAPORE (Reuters) – The dollar hovered near a five-year high versus the yen on Thursday, with the focus on whether forthcoming U.S. data will support the case for the Federal Reserve to gradually scale back its bond-buying stimulus over the course of 2014.

The dollar held steady at 105.24 yen, clinging near a high of 105.41 yen set on Monday according to Thomson Reuters data, the dollar’s strongest level versus the yen since October 2008.

Jan 2, 2014

Dollar near five-year high vs. yen, eyes on U.S. data

SINGAPORE (Reuters) – The dollar hovered near a five-year high versus the yen on Thursday, with the focus on whether forthcoming U.S. data will support the case for the Federal Reserve to gradually scale back its bond-buying stimulus over the course of 2014.

The dollar held steady at 105.24 yen, clinging near a high of 105.41 yen set on Monday according to Thomson Reuters data, the dollar’s strongest level versus the yen since October 2008.

Jan 2, 2014

Dollar near five-year high vs. yen, eyes on U.S. data

SINGAPORE (Reuters) – The dollar hovered near a five-year high versus the yen on Thursday, with the focus on whether forthcoming U.S. data will support the case for the Federal Reserve to gradually scale back its bond-buying stimulus over the course of 2014.

The dollar held steady at 105.24 yen, clinging near a high of 105.41 yen set on Monday according to Thomson Reuters data, the dollar’s strongest level versus the yen since October 2008.

Jan 2, 2014

Singapore GDP contracts in Q4, hurt by sluggish manufacturing

SINGAPORE (Reuters) – Singapore’s economy contracted more than expected in the fourth quarter as manufacturing activity weakened, data showed on Thursday, casting some doubt on market expectations for a slight pick-up in growth over 2014.

According to advance estimates from Singapore’s Ministry of Trade and Industry, GDP contracted an annualised and seasonally adjusted 2.7 percent in the final quarter of 2013 from the July-September period.

Dec 31, 2013

Dollar on track for best annual gain vs yen in 34 years

SINGAPORE, Dec 31 (Reuters) – The dollar held near a
five-year high against the yen on Tuesday to be on track to end
2013 up nearly 21 percent, with efforts to revive the Japanese
economy expected to see the trend of broad yen weakness extend
into 2014.

The dollar eased 0.3 percent to 104.89 yen, inching
away from Monday’s peak of 105.41 yen, which was its highest
since October 2008. It has risen 20.9 percent against the yen
this year, its biggest annual gain since 1979 when it climbed
23.7 percent, according to Thomson Reuters data.

Dec 31, 2013

Dollar on track for best year vs yen since 1979

SINGAPORE, Dec 31 (Reuters) – The dollar hovered within
sight of a five-year high versus the yen on Tuesday and was on
track for its biggest yearly percentage gain versus the Japanese
currency in 34 years, having risen nearly 21 percent in 2013.

The dollar last fetched about 104.93 yen, down 0.2
percent on the day and inching away from Monday’s five-year high
of 105.41 yen, the greenback’s strongest level versus the yen
since October 2008.

Dec 10, 2013

No Pacific trade pact this year, ministers to try again next month

SINGAPORE (Reuters) – An ambitious trade pact between a dozen countries around the Pacific Rim will not be finalized this year as hoped, with no agreement on thorny issues like intellectual property, agricultural tariffs and state-owned enterprises.

The U.S.-backed deal, which Washington wanted to conclude this year, aims to establish a free-trade bloc stretching from Vietnam to Chile and Japan, encompassing about 800 million people and almost 40 percent of the global economy. But differences over farm tariffs between the United States and Japan proved to be one of the major roadblocks.

Dec 9, 2013

After WTO, expectations grow for Trans-Pacific trade deal

SINGAPORE, Dec 9 (Reuters) – Expectations are growing that
an ambitious trade pact between a dozen nations around the
Pacific Rim may be wrapped up in 2-3 months, with signs that
political desire for a deal is trumping a string of technical
difficulties in drawing it up.

Just days after the first World Trade Organisation trade
reform deal was pushed through on Saturday, trade ministers from
12 countries are in closed-door talks in a Singapore hotel to
try to tie up the Trans-Pacific Partnership
(TPP).