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May 19, 2015

Dollar supported by higher yield, Greek anxiety weighs on euro

SINGAPORE/TOKYO, May 19 (Reuters) – The dollar held firm on
Tuesday in the wake of a rise in U.S. bond yields and as the
euro came under renewed pressure on persistent worries that
Greece may miss debt repayments next month.

The dollar last traded at 94.205 versus a basket of
six major currencies, having touched a high of 94.336 at one
point during the session, its highest level in nearly a week.

May 14, 2015

Dollar nurses losses after weak retail sales, kiwi jumps

SINGAPORE/SYDNEY, May 14 (Reuters) – The dollar languished
near a three-month low against a basket of major currencies on
Thursday after surprisingly soft retail sales prompted some
investors to wonder if the Federal Reserve can afford to hike
interest rates at all this year.

The dollar index eased 0.1 percent to 93.540, having
fallen to 93.461 on Wednesday, its lowest level since early
February. It has now shed nearly 7 percent from a 12-year peak
of 100.390 set in March.

May 14, 2015

Singapore policy easing expectations fade even as CPI falls persist

SINGAPORE, May 14 (Reuters) – Singapore’s longest spell of
consumer price falls since 2009 looks set to persist for a few
more months, but economists expect stabilising oil prices and a
continued global economic recovery to offer the central bank
good reason to stand pat on policy for the rest of 2015.

Singapore’s consumer price index (CPI) dropped
0.3 percent in March due to falls in housing rents and lower
private-transport costs, marking the fifth consecutive month of
year-on-year declines. But core prices, which exclude
accommodation and private transport costs, are still on the
rise, helped by higher food and education costs. Many economists
now say the overall CPI will stop falling around the third
quarter, as they lower expectations of a policy easing.

May 13, 2015

Dollar falters before U.S. data, euro edges higher

SINGAPORE/SYDNEY, May 13 (Reuters) – The dollar slipped
against a basket of major currencies on Wednesday, with the
near-term focus on whether U.S. retail sales data will point to
a pick-up in U.S. growth after a weak first quarter.

The dollar index slipped 0.2 percent to 94.382,
pulling away from this week’s high 95.258 set on Monday.

May 6, 2015

Big U.S. trade gap weighs on dollar; kiwi hit by soft wages

SINGAPORE/SYDNEY (Reuters) – The dollar slipped on Wednesday, staying on the defensive after disappointing U.S. trade data for March painted an even bleaker picture of the economy in the first quarter.

The U.S. trade deficit jumped 43.1 percent to $51.4 billion in March, the largest since October 2008, after a surge in imports. Analysts said the deficit probably subtracted from growth, suggesting GDP could have contracted in the first quarter.

May 5, 2015

Aussie rebounds after short-lived dip on RBA rate cut

SINGAPORE (Reuters) – The Australian dollar rebounded sharply after slipping initially as the Reserve Bank of Australia cut interest rates, as market players wondered whether the RBA’s easing cycle may be over for now.

The Australian dollar rose 0.8 percent on the day to $0.7903. The Aussie had fallen to as low as $0.7787 shortly after the RBA rate cut was announced, but quickly bounced back from there.

May 4, 2015

Dollar off two-month lows; Aussie on defensive ahead of RBA

SINGAPORE/SYDNEY (Reuters) – The Australian dollar slipped on Monday, dented by speculation the Reserve Bank of Australia may cut interest rates on Tuesday, while the U.S. dollar held steady in a respite from its recent selloff.

The Australian dollar briefly added to its losses after a private business survey showed that China’s factories suffered their fastest drop in activity in a year in April.

Apr 30, 2015

Yen firmer as BOJ stands pat; kiwi slides on dovish RBNZ

SINGAPORE, April 30 (Reuters) – The yen clawed higher on
Thursday after the Bank of Japan held off from expanding its
monetary stimulus, disappointing some market players who had
been looking for further easing.

The dollar extended its losses and slipped to a low of
118.54 yen after the BOJ decision, and last traded at 118.64 yen
, down 0.3 percent on the day.

Apr 30, 2015

Yen edges higher after BOJ holds off from further easing

SINGAPORE (Reuters) – The yen pushed higher on Thursday after the Bank of Japan kept policy unchanged and held off from expanding its monetary stimulus, disappointing some market players who had been looking for further easing.

The dollar slipped to as low as 118.54 yen after the BOJ decision and last traded near 118.61 yen JPY=, down 0.4 percent on the day.

Apr 29, 2015

Dollar near two-month low ahead of U.S. GDP, Fed policy statement

SINGAPORE/SYDNEY (Reuters) – The dollar wallowed near a two-month low against a basket of major currencies on Wednesday as the market hedged the risk that the Federal Reserve might adopt a more dovish tone in statements following the two-day policy review.

The dollar index .DXY last stood at 96.141. On Tuesday it fell as far as 96.011, reaching a low last seen on March 5.