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Sep 20, 2013

Dollar holds above post-Fed lows; yen gets some respite

SINGAPORE/SYDNEY (Reuters) – The dollar held above a seven-month low against a basket of currencies on Friday after investors unwound some of the bearish trades put on in reaction to the Federal Reserve’s shock decision to maintain its massive bond-buying stimulus.

The dollar index eased 0.1 percent on the day to 80.333 .DXY, but stayed above a seven-month trough of 80.060 plumbed on Wednesday.

Sep 19, 2013

Dollar wallows near seven-month low after Fed’s surprise nod to doves

SINGAPORE/SYDNEY (Reuters) – The dollar languished near a seven-month low against a basket of major currencies on Thursday after the Federal Reserve wrong footed many investors who had positioned for a scaling back in its massive stimulus program.

The dollar index .DXY slid 1.2 percent overnight, its biggest one-day slide in more than 2 months, after the Fed maintained its $85 billion monthly asset-buying program, confounding expectations of a reduction by roughly $10 billion.

Sep 19, 2013

Dollar wallows near 7-mth low after Fed’s surprise nod to doves

SINGAPORE/SYDNEY, Sept 19 (Reuters) – The dollar languished
near a seven-month low against a basket of major currencies on
Thursday after the Federal Reserve wrong footed many investors
who had positioned for a scaling back in its massive stimulus
program.

The dollar index slid 1.2 percent overnight, its
biggest one-day slide in more than 2 months, after the Fed
maintained its $85 billion monthly asset-buying programme,
confounding expectations of a reduction by roughly $10 billion.

Sep 18, 2013

Dollar hovers near 4-week low as Fed decision looms

SINGAPORE/SYDNEY (Reuters) – The U.S. dollar held near a four-week trough against a basket of major currencies on Wednesday as investors bet that any move by the U.S. Federal Reserve to roll back stimulus will be very modest.

The Fed’s highly anticipated rate review ends later in the day and markets expect the central bank will probably announce a small reduction to its $85 billion monthly bond-buying programme.

Sep 17, 2013

Dollar holds near 4-week low as Fed stimulus decision looms

SINGAPORE/TOKYO, Sept 17 (Reuters) – The dollar wallowed
near a four-week low on Tuesday as traders waited with bated
breath for the outcome of the Federal Reserve’s two-day policy
meeting at which it’s expected to announce a modest reduction in
its bond-buying stimulus.

The dollar was little changed versus a basket of currencies
at 81.312, after having set a four-week low of 80.968 the
previous day.

Sep 13, 2013

Dollar extends rise on report of Summers as next Fed chief

SINGAPORE, Sept 13 (Reuters) – The dollar rose broadly on
Friday, extending its gains after a Japanese newspaper report
said U.S. President Barack Obama was set to name former Treasury
Secretary Lawrence Summers as the next chairman of the Federal
Reserve.

Japanese business daily Nikkei, citing sources, reported
that the White House was expected to announce the decision as
early as next week, after the Fed’s Sept. 17-18 policy meeting.

Sep 13, 2013

Dollar index inches up, but on track for weekly loss

SINGAPORE, Sept 13 (Reuters) – The dollar inched up versus a
basket of currencies on Friday but was still lower for the week,
having been dented by growing doubts that the Federal Reserve
will scale back monetary stimulus in any significant manner next
week.

The dollar index edged up 0.1 percent to 81.594,
having pulled up from a two-week low of 81.356 set on Thursday.
At its current levels, the dollar index was still down about 0.7
percent for the week.

Sep 9, 2013

Yen slips broadly after Tokyo Olympics win

SINGAPORE/SYDNEY, Sept 9 (Reuters) – The yen fell against
the dollar and euro on Monday, staying on the defensive as
Japanese equities rallied after Tokyo won a bid to host the 2020
Summer Olympics.

The dollar last fetched 99.57 yen, up 0.4 percent
from late U.S. trade on Friday, having risen to as high as
100.11 yen earlier on Monday. The euro rose 0.5 percent to about
131.21 yen.

Sep 2, 2013

Yen slips as Syria worries ease, Aussie dollar cheers China data

SINGAPORE/SYDNEY (Reuters) – The yen eased against the dollar on Monday, while commodity currencies such as the Australian dollar edged higher in the wake of upbeat Chinese data and worries about an imminent military strike against Syria diminished.

The dollar rose 0.5 percent to 98.63 yen, pulling well away from last week’s trough of 96.81. The euro edged up 0.4 percent to 130.29 yen.

Aug 30, 2013

Dollar index steady near 4-week high; yen inches up

SINGAPORE (Reuters) – The dollar held steady near a four-week high versus a basket of currencies on Friday after having rallied on upbeat U.S. economic data, while the yen was supported by month-end flows from Japanese exporters.

The dollar eased 0.1 percent versus the yen to 98.26 yen, having backed off an intraday high of 98.48 yen.