Michael's Feed
Aug 31, 2015

Dollar sags against yen and euro, off 1.5 pct in August

NEW YORK, Aug 31 (Reuters) – The dollar eased against the
safe-haven yen and the low-yielding euro on Monday as investors
around the world knocked down equities and trimmed bets against
currencies popularly used to fund risky carry trades.

Under carry trades, investors sell a low-yielding currency
to buy riskier, higher-yielding ones for better returns. When
volatility rises in global financial markets and stocks fall,
they tend to take these positions off the table.

Aug 31, 2015

Dollar sags against yen and euro as stocks weaken

NEW YORK, Aug 31 (Reuters) – The dollar eased against the
safe-haven yen and the low-yielding euro on Monday as investors
around the world knocked down equities and trimmed bets against
currencies popularly used to fund risky carry trades.

Under carry trades, investors sell a low-yielding currency
to buy riskier, higher-yielding ones for better returns. When
volatility rises in global financial markets and stocks fall,
they tend to take these positions off the table.

Aug 21, 2015

Dollar slumps 1 pct as China worries muddy U.S. rates outlook

NEW YORK, Aug 21 (Reuters) – The dollar tumbled more than 1
percent against the euro and the yen on Friday as strikingly
weak Chinese factory data fanned global growth worries and
cooled betting that the Federal Reserve will raise U.S. interest
rates next month.

Chinese manufacturing activity shrank at its fastest pace in
6-1/2 years in August, compounding investor concerns over
slowing growth in the world’s No. 2 economy and ignited
sell-offs in equities and commodities.

Aug 21, 2015

Dollar drops on China-linked risk aversion, euro climbs

NEW YORK, Aug 21 (Reuters) – The dollar fell broadly on
Friday, dropping to a two-month low against the euro, as weak
factory data from economic giant China added to doubts the
Federal Reserve will raise U.S. interest rates next month.

Chinese manufacturing activity shrank at its fastest pace in
6-1/2 years in August, compounding investor concerns over
slowing growth in the world’s No. 2 economy and its potential
impact on global growth.

Aug 20, 2015

Dollar weakens on receding U.S. rate hike hopes, euro gains

NEW YORK, Aug 20 (Reuters) – The dollar fell against the
euro and other major currencies on Thursday as bets dwindled
that the Federal Reserve next month will raise U.S. interest
rates for the first time in nearly a decade.

The euro rose the most among major currencies,
gaining more than 1 percent against the dollar to top $1.12,
because of turmoil in emerging market currencies touched off by
China’s yuan devaluation last week.

Aug 20, 2015

Dollar slips as Fed rate hike hopes recede, euro rises

NEW YORK (Reuters) – The dollar fell against the euro and other major currencies on Thursday as bets dwindled on the Federal Reserve next month raising U.S. interest rates for the first time in nearly a decade.

The euro EUR= posted the best gains among major currencies, rising 0.80 percent against the dollar to top $1.12, due to turmoil in emerging market currencies touched off by China’s yuan devaluation last week.

Aug 19, 2015

Dollar droops as hopes dim for U.S. rate hike next month

NEW YORK, Aug 19 (Reuters) – The dollar fell on Wednesday as
investors positioned for a U.S. interest rate hike in September
pulled back after minutes from a Federal Reserve policymakers
meeting delivered no solid signals on when the era of near-zero
rates will end.

The keenly awaited minutes from the July 28-29 meeting of the
Federal Open Market Committee showed just one panel member as
ready to raise rates.

Aug 19, 2015

Dollar drifts lower ahead of possible Fed lift-off signal

NEW YORK, Aug 19 (Reuters) – The dollar drifted lower on
Wednesday, with investors cautious ahead of minutes from the
Federal Reserve which could signal if it will raise interest
rates next month.

As an erratic Chinese stock market stoked fears about the
stability of the world’s second-largest economy, investors
sought refuge in the safe-haven Swiss franc, which hit its
highest level for almost two weeks against the euro.

Aug 18, 2015

Dollar lifted by housing data; sterling shines on rate optimism

NEW YORK, Aug 18 (Reuters) – The dollar rose against the
euro and yen on Tuesday, getting a lift from data showing U.S.
housing starts neared an eight-year peak in July, bolstering
expectations that the Federal Reserve will raise interest rates
as soon as next month.

A 6 percent drop in Chinese stocks drove many investors into
safe-haven currencies such as the Swiss franc, which was up
against the dollar. The British pound shot to a seven-week high
of $1.5717 against the dollar.

Aug 17, 2015

Dollar rises on Fed expectations, receding yuan scare

NEW YORK, Aug 17 (Reuters) – The dollar advanced on Monday,
rising against a basket of currencies for a third straight
session, as traders focused on potential U.S. interest rate
hikes and shook off worries about a China-led “currency war.”

The dollar index hit a one-month low last week after
the People’s Bank of China unexpectedly devalued the yuan,
dampening expectations that the U.S. Federal Reserve will raise
interest rates in September.