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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).

Dec 6, 2013

Dollar mired near 5-week low ahead of U.S. jobs data

SYDNEY/SINGAPORE, Dec 6 (Reuters) – The dollar hovered near
a five-week low versus a basket of currencies on Friday, with
its near-term fortunes riding on whether key U.S. jobs data will
bolster the case for the Federal Reserve to start scaling back
its monetary stimulus.

The euro held steady near a five-week high versus the
greenback, having powered higher on Thursday after the European
Central Bank gave no fresh indication that it would ease policy
anytime soon.

Dec 5, 2013

Yen above recent lows; euro up on stops before ECB meeting

SYDNEY/SINGAPORE, Dec 5 (Reuters) – The yen hovered above a
five-year low on the euro and a six-month trough versus the
dollar on Thursday, with moves lacking conviction as investors
held their bets ahead of key events, including crucial U.S. jobs
data.

The dollar slipped 0.3 percent to 102.08 yen, having
earlier this week risen as high as 103.38, while the euro held
steady at 139.11, still not far from a five-year peak
of 140.03 scaled on Tuesday.

Dec 5, 2013

Yen firmer but still shaky; focus shifts to ECB meeting

SYDNEY/SINGAPORE, Dec 5 (Reuters) – The yen nudged away from
a five-year trough on the euro and a six-month low versus the
dollar on Thursday, but the moves lacked conviction as investors
held their bets ahead of key events, including crucial U.S. jobs
data.

The dollar eased 0.1 percent to 102.25 yen, having
earlier this week risen as high as 103.38, while the euro
slipped 0.2 percent to 138.89, still not too far from
a five-year peak of 140.03 scaled on Tuesday.

Nov 22, 2013

Yen hits 4-month low vs dollar; Aussie under pressure

SINGAPORE, Nov 22 (Reuters) – The yen fell to a four-month
low versus the dollar on Friday, with the low-yielding Japanese
currency pressured by signs of improving risk appetite and
contrasting outlooks for monetary policy.

Investors also dumped the Australian dollar after the
country’s central bank chief said he was “open-minded” about
intervening to weaken the currency.

Nov 20, 2013

Dollar slips vs euro after Bernanke’s comments

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

The euro rose 0.1 percent to $1.3554. Earlier on
Wednesday the single currency touched a high of $1.3584 on
trading platform EBS, its loftiest level since Nov. 1.

Nov 14, 2013

Dollar nurses losses after dovish Fed comments, yen slips

SINGAPORE/SYDNEY, Nov 14 (Reuters) – The dollar held steady
versus a basket of currencies on Thursday, struggling to gain
traction after dovish comments from Fed chairman nominee Janet
Yellen suggested the Fed may not be close to scaling back its
stimulus.

Yellen, in remarks prepared for her nomination hearing
before the Senate Banking Committee later on Thursday, said the
U.S. jobless rate was still too high and both the labour market
and economy were performing “far short” of potential.

Nov 13, 2013

Dollar holds near 2-month high vs yen on Fed tapering view

TOKYO/SINGAPORE (Reuters) – The dollar eased on Wednesday but still clung near a two-month high against the yen, supported by speculation that the U.S. Federal Reserve is on course to start reducing its stimulus as early as December.

After surprisingly strong U.S. October payroll data on Friday had many investors reassessing the timing of a Fed tapering, attention is now on the comments that nominee Fed President Janet Yellen will make at her Senate confirmation hearing on Thursday.

Nov 11, 2013

Dollar stands tall after jobs surprise revives Fed taper talk

SYDNEY/SINGAPORE (Reuters) – The dollar held near a two-month high against a basket of major currencies on Monday, having staged a broad rally after upbeat U.S. jobs data bolstered the case for the Federal Reserve to scale back stimulus as early as next month.

The dollar index .DXY eased 0.1 percent to 81.262 but stayed within sight of a two-month high of 81.482 set on Friday after a closely watched report showed employers added 204,000 new jobs to their payrolls last month, soundly beating forecasts for 125,000 jobs.