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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.

Sep 23, 2013

Euro steady after German election; Aussie up on China flash PMI

SINGAPORE (Reuters) – The euro held steady versus the dollar on Monday, failing to gain much momentum after a general election in Germany left Angela Merkel conservatives just short of the votes needed to rule on their own.

The euro last traded near $1.3525, little changed from late U.S. trade on Friday and off an intraday high of $1.3555 set early in the Asian session on Monday.

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.