Michael's Feed
Mar 5, 2015

Euro slips under $1.10; dollar index hits 11-1/2-year peak

NEW YORK, March 5 (Reuters) – The euro fell below $1.10 for
the first time since 2003 on Thursday and the U.S. dollar added
to gains against an index of currencies after the European
Central Bank said it would begin a massive bond-buying program
next week.

The euro zone common currency, which has lost 15
percent against the dollar in six months, briefly traded under
$1.10 for the first time since September 2003 and hit a session
low of $1.0988.

Mar 5, 2015

Euro sinks below $1.10; dollar index hits 11-1/2 year peak

NEW YORK, March 5 (Reuters) – The euro fell on Thursday
below $1.10 for the first time since 2003 and the U.S. dollar
added to gains against an index of currencies after the European
Central Bank said it will next week launch a massive bond-buying
program meant to boost economic growth.

The euro zone common currency, which has lost 15
percent against the dollar in six months, briefly traded under
$1.10 for the first time since September 2003 and hit a session
low of $1.0988.

Mar 5, 2015

Euro sells off to record low as dollar hits peak vs index

NEW YORK (Reuters) – The euro slumped on Thursday to record lows just above $1.10 and the U.S. dollar added to gains against an index of currencies after the European Central Bank said it will launch a massive bond-buying program next week meant to boost economic growth.

The euro zone common currency, which has lost nearly 15 percent against the dollar in six months, was last off 0.4 percent at $1.1034 after striking a fresh 11-1/2-year low of $1.1007 during a news conference by ECB chief Mario Draghi.

Mar 5, 2015

Few takers for pioneering China bond ETFs in early days

NEW YORK, March 5 (Reuters) – Exchange-traded funds designed
to let investors play China’s bond markets, which are mostly
closed to foreigners, are facing a slow start amid concerns
about mainland issuers’ credit quality, high property prices and
the slowing economy.

At more than $5 trillion, China’s onshore fixed-income
markets are outranked only by the U.S. and Japanese markets and
offer attractive rates.

Mar 4, 2015

Dollar gets boost from U.S. data as euro sags below $1.11

NEW YORK, March 4 (Reuters) – The dollar climbed to a fresh
11-1/2-year high on Wednesday, boosted by strong U.S.
private-sector jobs growth ahead of the launch of quantitative
easing by the European Central Bank.

The dollar hit its highest since September 2003 against a
basket of currencies and was last up 0.6 percent at
95.958. Earlier it struck a high of 96.059.

Mar 4, 2015

Dollar rallies to new high as euro sags below $1.11

NEW YORK (Reuters) – The dollar climbed to fresh highs on Wednesday, getting lift from solid U.S. jobs and business data, as the euro sank below $1.11 to an 11-1/2 year low ahead of the launch of quantitative easing by the European Central Bank.

The dollar, bolstered by recent rises in U.S. government bond yields, hit its highest since September 2003 against a basket of currencies .DXY and was last up 0.60 percent at 95.957. Earlier it struck a high of 96.041 in trading after economic data releases.

Mar 3, 2015

Dollar pulls back from 11-year peak ahead of ECB, jobs data

NEW YORK, March 3 (Reuters) – The dollar touched an 11-year
high against a composite of major currencies on Tuesday but gave
up those gains ahead of major U.S. economic reports and the
coming European Central Bank meeting later this week.

The dollar index has gained 5.7 percent since the beginning
of 2015, helped by the U.S. economy’s better performance against
other major world economic regions and relatively higher U.S.
interest rates. The greenback has been range-bound for the past
month, however, as investors have seen fewer catalysts to move
the dollar higher.

Mar 3, 2015

Dollar eases after touching 11-year peak

NEW YORK (Reuters) – The dollar softened on Tuesday after touching an 11-year high against an index of other major currencies as dealers awaited details of Europe’s massive bond-buying program and a key U.S. jobs report.

Trading was choppy. The dollar surrendered early gains against the euro on widening interest-rate differences and was last flat against Europe’s shared currency and down against the Japanese yen.

Mar 2, 2015

Dollar nudges 11-year high as euro gives up gains

NEW YORK, March 2 (Reuters) – The dollar edged up on Monday,
with an index that tracks the greenback against major currencies
touching an 11-year peak even after soft economic data.

The euro, which is off nearly 10 percent in the
last three months, had been up by as much as a third of a
percent against the dollar on Monday but surrendered gains and
last traded flat at $1.1192.

Mar 2, 2015

Dollar touches 11-year peak as euro gains fade

NEW YORK (Reuters) – The dollar rose in choppy trading on Monday, with an index that tracks the greenback against major currencies touching an 11-year peak.

The euro EUR=RR, which has been in an extended slump, had been up by as much as a third of a percent against the dollar but surrendered gains and traded near unchanged at just under $1.12.