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Oct 21, 2013

Dollar steady, but seen vulnerable as Fed tapering view recedes

TOKYO/SINGAPORE (Reuters) – The dollar was mired near an 8-month low against a basket of currencies on Monday on growing expectations the U.S. Federal Reserve will have to delay scaling back its stimulus following a 16-day government shutdown.

The dollar index held steady at 79.675 .DXY, not very far from a trough of 79.478 touched on Friday, its lowest level since February.

Oct 18, 2013

Dollar near 8-month low, fiscal wrangling takes toll

SINGAPORE/TOKYO, Oct 18 (Reuters) – The dollar nursed losses
near an eight-month low against a basket of currencies on Friday
as traders focused on the economic impact of an acrimonious
showdown in Washington that dragged the U.S. to the brink of a
debt default.

The potential damage to the economy from the weeks-long
government shutdown could discourage the Federal Reserve from
scaling back its stimulus programme at least until the beginning
of next year.

Oct 17, 2013

Dollar off 3-week high vs yen after U.S. ends fiscal impasse

SINGAPORE, Oct 17 (Reuters) – The dollar eased versus the
yen on Thursday in a sell-the-fact type of reaction after the
U.S. Congress approved an 11th-hour deal to end a fiscal
standoff and avoid a damaging default on government debt.

The dollar slipped 0.1 percent to 98.65 yen, having
pulled back from a three-week high of 99.01 yen set earlier in
the day.

Oct 17, 2013

Dollar at 3-wk high, awaits House vote on U.S. debt deal

SINGAPORE, Oct 17 (Reuters) – The dollar set a three-week
high versus the yen on Thursday ahead of a pending vote in the
U.S. House of Representatives that could bring Washington’s
fiscal standoff to an end and avert the risk of a U.S. default.

The dollar held steady on the day at 98.79 yen after
having touched a high of 99.01 yen, the greenback’s strongest
level against the yen since late September.

Oct 16, 2013

Dollar firms vs yen on hopes for U.S. debt deal

SINGAPORE/TOKYO (Reuters) – The dollar rose against the yen in Asia on Wednesday, supported by hopes that U.S. lawmakers may soon clinch a deal to raise the government’s borrowing limit and avert the risk of a U.S. default.

Optimism had grown earlier, after a Senate aide said Senate leaders could announce a deal late on Tuesday to extend the government’s borrowing authority until February 7 and quickly re-open federal agencies that have been closed since October 1.

Oct 14, 2013

Dollar slips vs yen as U.S. debt deal remains elusive

SINGAPORE/WELLINGTON, Oct 14 (Reuters) – The dollar fell on
Monday while the yen rose on safe-haven demand due to concerns
the United States may default on its debts as lawmakers
negotiate a deal to raise its borrowing facility ahead of a
deadline this week.

The dollar slipped 0.3 percent versus the yen to about 98.29
yen, having touched a low of about 98.05 yen earlier in
the day. The greenback retreated from a near two-week high of
98.60 yen set on Friday.

Oct 14, 2013

Yen rises, investors seek shelter from US debt worries

SINGAPORE/WELLINGTON (Reuters) – The dollar fell on Monday while the yen rose on safe-haven demand due to concerns the United States may default on its debts as lawmakers negotiate a deal to raise its borrowing facility ahead of a deadline this week.

The dollar was last down 0.3 percent at 98.31 yen, having touched a low of about 98.05 yen earlier in the day. The greenback retreated from a near two-week high of 98.60 yen set on Friday.

Sep 27, 2013

Sterling up on BOE Carney’s remarks; yen edges higher

SINGAPORE, Sept 27 (Reuters) – Sterling edged higher on
Friday after Bank of England Governor Mark Carney was quoted as
saying he sees no need for more bond-buying by the central bank
given signs of recovery in the British economy.

Carney told the Yorkshire Post that the BoE would consider
the case for more economic stimulus should the recovery falter.

Sep 27, 2013

Dollar steady, focus on U.S. budget brinkmanship and Fed

SYDNEY/SINGAPORE (Reuters) – The dollar held steady in Asia on Friday and was on track to end the week nearly flat, struggling to gain traction amid mounting U.S. political uncertainty and a lack of clarity over when the Federal Reserve will begin to scale back stimulus.

The dollar index .DXY was little changed on the day at 80.544, having risen 0.3 percent on Thursday thanks in part to a report showing fewer Americans filed new claims for jobless benefits last week.

Sep 25, 2013

Euro struggles after data disappoints, yen holds firm

TOKYO/SINGAPORE (Reuters) – The euro was on the defensive on Wednesday following weaker-than-expected German sentiment data, while worries over a possible U.S. government shutdown underpinned the yen against the dollar.

Traders, wrong-footed by last week’s shock decision by the U.S. Federal Reserve to keep its bond-buying stimulus intact, also remained cautious and on data-watch mode as they considered for how long the U.S. central bank could hold off from tapering.