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Feb 25, 2014

No end in sight yet for Trans-Pacific trade pact

SINGAPORE, Feb 25 (Reuters) – Ministers in 12-nation
Trans-Pacific trade talks said on Tuesday that they had yet to
reach agreement on tariffs and other market access issues, with
the timing of a completed deal looking increasingly unclear.

Ministers stressed that they had made significant progress
during four days of meetings in Singapore, but the talks ended
with no clear indication of a time frame to clinch the TPP
(Trans-Pacific Partnership) agreements.

Feb 21, 2014

Singapore to spend heavily on elderly, have 1st budget deficit in years

SINGAPORE, Feb 21 (Reuters) – Singapore plans to allocate
billions of dollars to support the elderly and low-income
families in the coming fiscal year, during which the city-state
expects its first budget deficit since 2010.

The government unveiled on Friday a budget for 2014/15 that
includes steps to support citizens born by 1949 via subsidies to
help cover health-care costs. It said it will set aside S$8
billion ($6.33 billion) in the year starting April 1 to help its
“Pioneer Generation”.

Feb 21, 2014

Dollar steady, finds footing after upbeat U.S. data

TOKYO/SINGAPORE (Reuters) – The dollar held steady versus a basket of currencies on Friday, supported by upbeat data that underpinned hopes for continued improvement in the U.S. economy.

The number of Americans filing new claims for unemployment benefits fell last week, suggesting the labor market continues to improve steadily despite recent severe cold weather.

Feb 19, 2014

Euro hits 7-week high, dollar hampered by soft U.S. data

SYDNEY/SINGAPORE (Reuters) – The euro touched a seven-week high against the dollar on Wednesday, with the greenback struggling in the wake of more soft economic data and news that foreign investors had been heavy sellers of U.S. assets.

The euro held steady at $1.3761, having touched a high near $1.3773 earlier on Wednesday, its strongest level in about seven weeks.

Feb 12, 2014

Aussie rises on upbeat China trade data; U.S. dollar steady

SYDNEY/SINGAPORE (Reuters) – The Australian dollar hit a one-month high as upbeat Chinese trade data eased concern about China’s economy, while the U.S. dollar held above a two-week low after Federal Reserve chief Janet Yellen offered no surprises in her first congressional testimony.

The Aussie dollar rose 0.2 percent to $0.9052. It touched a high of $0.9063, its strongest level since January 13.

Feb 11, 2014

Dollar pulls back before Yellen’s testimony; Aussie sets 1-month high

SYDNEY/SINGAPORE (Reuters) – The dollar eased to a two-week low against a basket of major currencies on Tuesday ahead of congressional testimony by new U.S. Federal Reserve chief Janet Yellen, while the Aussie dollar benefited from an upbeat business survey.

Overall activity was thin due to a holiday in Japan, with the paucity of major economic data in the region holding most currencies inside recent ranges.

Feb 6, 2014

Euro steady before ECB decision; Aussie up on strong data

SYDNEY/SINGAPORE (Reuters) – The euro held steady on Thursday ahead of the European Central Bank’s policy review, while the Australian dollar rose as strong data reinforced the view that Australia’s central bank was done cutting interest rates.

Most major currencies stuck to fairly narrow ranges ahead of key event risks, namely the ECB’s policy decision due later on Thursday and U.S. jobs data on Friday.

Feb 5, 2014

Yen firmer but below 11-week highs as EM tensions cool; Aussie slips

SYDNEY, Feb 5 (Reuters) – The yen edged higher on Wednesday
but remained below multi-month highs after emerging markets
stabilised, while the Australian dollar took a breather
following a powerful rally.

The U.S. dollar eased 0.2 percent to 101.45 yen while
the euro sagged 0.3 percent to 137.03 yen.

Feb 4, 2014

Aussie surges after central bank drops easing bias, yen edges down vs dlr

SINGAPORE, Feb 4 (Reuters) – The Australian dollar stole the
limelight on Tuesday, surging over half a U.S. cent after
Australia’s central bank surprised some traders by dropping its
bias towards easing rates.

The Aussie’s sharp jump came just as the yen eased back from
a two-month high versus the U.S. dollar, though its losses were
tempered by fragile sentiment after a disappointing reading on
U.S. factory activity stirred concerns about the outlook for
economic growth.

Jan 30, 2014

Yen edges higher as risk aversion flares up

SYDNEY/SINGAPORE, Jan 30 (Reuters) – The yen held firm
versus the dollar on Thursday, clinging to gains made the
previous session when investors ploughed back into the Japanese
currency as safe-haven demand returned.

The New Zealand dollar fell, coming in the cross hairs of
sellers after New Zealand’s central bank left interest rates
steady.