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Aug 29, 2014

Dollar gains, euro steadies as inflation reading on target

NEW YORK, Aug 29 (Reuters) – The dollar rose on Friday, with traders looking
beyond soft U.S. consumer-spending data, while the steadily sliding euro won a
reprieve on diminished expectations the European Central Bank will soon ease
monetary policy.

Meanwhile, Russia’s ruble hit an all-time low against the dollar as
worries grew that the Ukraine crisis may bring even more economic sanctions.

Aug 29, 2014

Dollar trades tightly as euro gets reprieve after in-line inflation reading

NEW YORK, Aug 29 (Reuters) – The dollar changed little on
Friday, with traders shrugging off data signaling soft U.S.
consumer spending, while the steadily sliding euro won a
reprieve on diminished expectations that the European Central
Bank would ease monetary policy as early as next week.

Russia’s rouble hit an all-time low against the
dollar as worries grew that the Ukraine crisis may bring more
Western economic sanctions.

Aug 28, 2014

Dollar boosted by U.S. GDP report; euro sags on Ukraine

NEW YORK, Aug 28 (Reuters) – The dollar got a modest lift on
Thursday from better-than-expected U.S. economic data and a
worsening of the Ukraine crisis that weighed on the steadily
declining euro.

Other safe-haven currencies also rose as Ukrainian President
Petro Poroshenko said Russian forces had entered his country and
the military conflict was intensifying after Russian-backed
separatists swept into a key town in eastern Ukraine.

Aug 28, 2014

Dollar rises after strong U.S. GDP report; euro sags

NEW YORK, Aug 28 (Reuters) – The dollar got a lift from better-than-expected U.S. growth data on Thursday as the euro fell amid reawakened investors’ worries about a serious escalation in tensions between Ukraine and Russia.

The dollar index .DXY jumped just after the U.S. government reported the American economy grew at an upwardly revised 4.2 percent during the second quarter and was last up 0.15 percent at 82.553.

Aug 28, 2014

Analysis – Bitcoin shows staying power as online merchants chase digital sparkle

NEW YORK (Reuters) – Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

Though sales paid for in bitcoin so far at vendors interviewed for this article have been a fraction of one percent, they expect that as acceptance grows, the online currency will one day be as ubiquitous as the internet.

Aug 28, 2014

Bitcoin shows staying power as online merchants chase digital sparkle

NEW YORK (Reuters) – Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

    Though sales paid for in bitcoin so far at vendors interviewed for this article have been a fraction of one percent, they expect that as acceptance grows, the online currency will one day be as ubiquitous as the internet.

Aug 27, 2014

Dollar eases as euro falls on ECB speculation

NEW YORK, Aug 27 (Reuters) – The dollar softened on
Wednesday as traders focused on riskier currencies, while the
battered euro hit a 19-month low against the Swiss franc amid
speculation the European Central Bank will resort to
quantitative easing.

Buying of the Australian dollar and other currencies from
commodities-centered economies were also helped by the euro’s
weakness as investors exiting the common currency took on more
risk, a strategist said.

Aug 26, 2014

Dollar up on signs U.S. interest rates set to climb

NEW YORK, Aug 26 (Reuters) – The dollar extended gains on
Tuesday on hopes U.S. policymakers will raise interest rates as
the battered euro continued to struggle on expectations of soft
inflation data and more monetary easing in Europe.

A basket of currencies traded against the greenback
was up 0.16 percent in late New York trading after touching a
fresh 2014 high of 82.698 and traded as low as 82.434. The
dollar index was last at these levels nearly a year ago.

Aug 26, 2014

Dollar dips on profit-taking, easing U.S. yields

NEW YORK, Aug 26 (Reuters) – The dollar softened on Tuesday after a run of gains while the battered euro continued to struggle on expectations of soft inflation data and more monetary easing.

The dollar index .DXY, a basket of currencies traded against the greenback, was down 0.07 percent in early New York trading after touching a 2014 high of 82.613.

Aug 25, 2014

Dollar rises as euro tumbles to near 1-year bottom

NEW YORK, Aug 25 (Reuters) – The dollar rose to its highest
level against the euro in nearly a year on Monday as weak German
economic data and comments by European Central Bank chief Mario
Draghi encouraged bets on looser euro zone monetary policies.

Lifted by widening speculation the Federal Reserve was
getting closer to hiking interest rates, the U.S. dollar index
was up 0.25 percent in late New York trading after
touching a 2014 high of 82.588.