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Jul 25, 2014

Bonds buoyed by stocks drop, disappointing U.S. data

NEW YORK, July 25 (Reuters) – U.S. Treasury debt prices
jumped on Friday, with long maturities getting the largest lift
from investors exiting drooping stock markets and positioning
portfolios ahead of a Federal Reserve policymakers’ meeting next
week.

Prices, including sharp gains that left yields on 30-year
Treasuries near lows not seen in a year, were also helped by
month-end purchases of government debt and disappointment among
traders over soft spots in U.S. durable goods data.

Jul 25, 2014

Bond prices climb as U.S. durable goods data drag

NEW YORK, July 25 (Reuters) – U.S. Treasuries prices jumped
on Friday, with fixed-income traders disappointed by soft spots
in U.S. durable goods data, knocking benchmark 10-year yields
back below 2.50 percent.

Despite a heftier-than-forecast 0.7 percent overall rise
during June of long-lasting U.S. manufactured items, analysts
and traders focused on weaknesses in airlines and other sectors
that shakes optimism about U.S. economic growth.

Jul 18, 2014

Euro slips below $1.35, dollar puts up broad gains

NEW YORK, July 18 (Reuters) – The euro slipped below the
psychologically significant $1.35 level on Friday for the first
time since February as the dollar gained broadly amid
geopolitical tensions aggravated by the downing of a Malaysian
airliner in Ukraine.

The euro, shared by 18 countries, has been declining on
shaky economic performance, including reports on Friday of
weakening consumer confidence in Belgium, and speculation that
U.S. policymakers may lift interest rates sooner than markets
have expected.

Jul 18, 2014

Euro dips under $1.35, dollar gains broadly

NEW YORK (Reuters) – The euro on Friday traded under the psychologically significant $1.35 level for the first time since February as the dollar gained broadly amid geopolitical tensions aggravated by the downing of a Malaysian airliner in Ukraine.

The currency shared by 18 countries has been declining on speculation U.S. policymakers may lift interest rates sooner than markets expected and dipped on Friday to $1.3492 shortly after the Bank of Italy cut its economic outlook, according to Shaun Osborne, currency strategist at TD Securities.

Jul 17, 2014

Dollar eases, but climbs vs Russian currency after airliner crash

NEW YORK, July 17 (Reuters) – Russia’s rouble tumbled against the dollar on
Thursday, but the greenback eased amid a global scramble to defensive assets by
investors spooked by news a Malaysian passenger jet had been brought own in
Ukrainian airspace.

A Malaysia Airlines plane crashed in eastern Ukraine on Thursday, killing
all 295 people aboard and sharply raising the stakes in a conflict between Kiev
and pro-Moscow rebels in which Russia and the West back opposing sides.

Jul 17, 2014

Yen in vogue as sanctions on Russia sour risk sentiment

NEW YORK (Reuters) – The dollar was mixed on Thursday, hurt by falling Treasuries yields, while the yen was lifted to a five-month high against the euro by anxious investors repositioning after the West imposed more sanctions on Russia.

The dollar was up against both the euro and the yen, which was down 0.2 percent against the dollar at 101.51 yen. The euro weakened to as little as 137.185 yen, its lowest since early February, and last traded at 137.34 yen, off 0.1 percent for the day.

Jul 17, 2014

Dollar mixed, anxiety buying lifts yen vs euro

NEW YORK, July 17 (Reuters) – The dollar was mixed on
Thursday, hurt by falling Treasuries yields, while the yen was
lifted to a five-month high against the euro by anxious
investors repositioning after the West imposed more sanctions on
Russia.

The dollar was up against both the euro and the yen,
which was down 0.2 percent against the dollar at 101.51 yen
. The euro weakened to as little as 137.185 yen
, its lowest since early February, and last traded at
137.34 yen, off 0.1 percent for the day.

Jul 16, 2014

Dollar rises on U.S. rate speculation after Yellen comments

NEW YORK, July 16 (Reuters) – The dollar gained on Wednesday
on modest rises in U.S. Treasury yields and market speculation
Federal Reserve Chair Janet Yellen is leaning toward tightening
monetary policy that has kept interest rates at record lows.

The dollar index, a grouping of six currencies traded
against the greenback, was up 0.2 percent to 80.556 after
touching its highest level in a month.

Jul 15, 2014

Old-style U.S. public pensions weather cost-cutting storm

NEW YORK (Reuters) – Retirement payouts for 19.3 million U.S. state and local government workers in coming years are not likely to look much different from the iron-clad pensions that former teachers and police now get.

Even as lawmakers raise retirement ages and trim cost-of-living increases, few are eyeing anything that would result in the kind of massive migration to 401(k)-style direct-contribution retirement plans that happened in the U.S. private sector.

Jul 15, 2014

U.S. retail data drive muted dollar gains before Yellen

NEW YORK (Reuters) – The dollar got a lift on Tuesday from retail data showing the U.S. economy expanding but gains were muted as investors awaited possibly market-moving congressional testimony by Federal Reserve chief Janet Yellen.

The euro dropped and the British pound jumped 0.5 percent against the dollar on higher than forecast inflation data, which encouraged speculation Britain will raise interest rates sooner than other big economies.