American Dollar - Page 11
Page 11 of 39 FirstFirst ... 78910111213141521 ... LastLast
Results 101 to 110 of 387

Thread: American Dollar

  1. #1
    Super Moderator Gulfstream's Avatar
    Join Date
    Jan 2013
    Posts
    1,019
    Thumbs Up
    Received: 245
    Given: 151

    American Dollar

    The dollar fell to the lowest versus the euro since November 2011 as a strengthening U.S. jobs market and expectations the Federal Reserve will sustain stimulus to ensure the recovery boosted investors’ risk appetite.

    The shared currency rose against most major peers as separate data showed European manufacturing at its highest level in almost a year. The yen sank to a 2 1/2-year low amid bets Japanese Prime Minister Shinzo Abe will pick a new central-bank governor who will boost stimulus.


    source_http://www.bloomberg.com/news/2013-02-01/dollar-weakens-as-increase-in-u-s-payrolls-boosts-risk-appetite.html

    Not allowed!

  2. #101
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    The dollar touched a five-year high versus the yen and headed for an annual gain against major peers amid optimism a sustained U.S. economic recovery will allow the Federal Reserve to cease bond purchases by the end of 2014.

    The Bloomberg U.S. Dollar Index is set for its biggest annual advance in five years before reports this week that may show improvements in housing and manufacturing. The euro is poised for the strongest advance among major developed currencies as European Central Bank officials damp prospects for interest-rate cuts. Japan’s yen was poised for a yearly slide versus most major counterparts as Asian stocks strengthened, curbing demand for haven assets.

    “As long as the data flow continues to be positive and risk appetite is positive, you get the dollar supported,” said Emma Lawson, a senior currency strategist at National Australia Bank Ltd. in Sydney.

    source_http://www.bloomberg.com/news/2013-12-29/dollar-touches-5-year-high-as-u-s-recovery-sustains-taper-pace.html

    Not allowed!

  3. #102
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    American consumers turned more confident in December as hiring picked up, brightening the outlook for spending heading into 2014.

    The Conference Board said its sentiment index climbed to 78.1 from 72 in November, exceeding the median forecast of economists surveyed by Bloomberg and the strongest year-end reading since 2007. Other reports showed home prices climbed at the fastest pace in more than seven years and manufacturing was in a sustained expansion.

    The biggest employment gain in eight years, the rebound in housing and record stock values are boosting household wealth, which will help support spending in the new year. Companies from Ford Motor Co. (F) to Apple Inc. (AAPL) are pledging to expand operations in the U.S. as demand improves, a sign the world’s biggest economy will strengthen in 2014.

    “We’re ending 2013 with good momentum,” said Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut, and the second-best forecaster of consumer confidence over the past two years, according to data compiled by Bloomberg. “We’ve seen progress in the labor market. The rise in home values along with the run-up in equity prices is a big element of why people are feeling better.”

    source_http://www.bloomberg.com/news/2013-12-31/consumer-confidence-index-in-u-s-increased-to-78-1-in-december.html

    Not allowed!

  4. #103
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    The dollar reached the strongest against the euro in a month before U.S. services and factory data today that may bolster the case for the Federal Reserve to end its bond-buying program this year.

    The Bloomberg Dollar Spot Index closed last week at the highest in almost four months after Fed Chairman Ben S. Bernanke said headwinds for the U.S. economy may be abating. The central bank said Dec. 18 it would trim monthly bond buying by $10 billion this month. The yen climbed against most major peers as its decline last year was seen as excessive. The euro slid to an almost three-week low against the yen before data tomorrow that may show the region’s inflation stayed below 1 percent.

    “The dollar remains in the upward trend,” said Kengo Suzuki, the chief currency strategist at Mizuho Securities Co. in Tokyo, a unit of Japan’s third-biggest financial group by market value. “I expect tapering to continue at around a $10 billion pace for each Fed meeting.”

    source_http://www.bloomberg.com/news/2014-01-05/dollar-holds-gain-as-services-to-factory-data-support-taper-pace.html

    Not allowed!

  5. #104
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    The united stimulus front of central banks is starting to splinter as 2014 dawns.

    The Federal Reserve -- soon to be led by Janet Yellen, who is poised for confirmation by the Senate today -- begins pulling back on its quantitative easing amid stronger U.S. growth, and the Bank of England is trying to cool its housing market. The European Central Bank and Bank of Japan lean toward more monetary action to fight weak inflation. The ECB and BOE both hold policy meetings this week.

    The erosion of the mostly synchronized stimulus that supported the world economy for the past six years has investors anticipating a stronger U.S. dollar and weaker Treasuries. That’s not to say the era of easy money is over, as the need to guard against deflation -- as well as the fear of unsettling markets or upending economic expansion -- leaves the Fed and its counterparts pledging to keep interest rates at record lows.

    “The world’s main central banks have very different things going on, which is an opportunity for investors,” said Scott Thiel, London-based head of the global bond team at BlackRock Inc., the world’s biggest money manager. “It’s very important to look at the economies close to inflection points on monetary policy.”

    Thiel predicted last month that investors will see the Fed’s decision to taper its $85 billion in monthly bond purchases as the beginning of the end of central-bank support and will push the U.S. 10-year note toward 3.25 percent by the end of this year from 3 percent at 5 p.m. in New York Jan. 3, outpacing the projected rise in Germany’s 10-year bund yield.

    source_http://www.bloomberg.com/news/2014-01-04/pound-rises-a-third-week-versus-euro-on-housing-market-optimism.html

    Not allowed!

  6. #105
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    The dollar rose toward a five-year high against the yen before the Federal Reserve releases minutes today of its policy meeting last month as investors weigh the pace of stimulus tapering by the central bank.

    The Federal Open Market Committee decided at its Dec. 17-18 meeting to reduce monthly bond purchases, and San Francisco Fed President John Williams said yesterday the program may end this year. The yen weakened against all of its 16 major peers as domestic stocks ended a two-day slide, sapping demand for haven assets. Implied volatility on the won climbed to a three-week high before Bank of Korea officials meet tomorrow amid speculation they will cut rates.

    “We’re on the path to a stronger dollar,” said Ray Attrill, the global co-head of currency strategy at National Australia Bank Ltd. in Sydney. “The data drives the Fed, and at the moment there’s nothing to seriously upset expectations that the economy will be in an OK enough state for them to proceed” with tapering bond purchases, he said.

    The dollar added 0.3 percent to 104.96 yen as of 2:36 p.m. in Tokyo. It reached 105.44 on Jan. 2, the strongest since October 2008. Japan’s currency dropped 0.5 percent to 143.08 per euro. Europe’s common currency advanced 0.1 percent to $1.3632.

    source_http://www.bloomberg.com/news/2014-01-07/dollar-trades-near-one-month-high-versus-euro-before-fed-minutes.html

    Not allowed!

  7. #106
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    The Bloomberg Dollar Spot Index touched a four-month high as signs of improvement in the labor market support expectations the U.S. economy will be strong enough for the Federal Reserve to end bond purchases this year.

    The dollar remained higher versus most major peers before government data today forecast show initial claims for unemployment benefits fell. A report tomorrow may say U.S. employers continued to add positions and the jobless rate remained at a five-year low. The pound traded near its strongest in a year against the euro before policy decisions by the European Central Bank and the Bank of England today. The Australian dollar fell for a third day.

    “We’re positive on the U.S. dollar going forward,” said Peter Dragicevich, a currency strategist in Sydney at Commonwealth Bank of Australia, the nation’s biggest lender. “If the U.S. economy continues to improve, asset purchases will be finished later this year.”

    source_http://www.bloomberg.com/news/2014-01-08/dollar-remains-higher-as-labor-data-support-end-to-fed-purchases.html

    Not allowed!

  8. #107
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    The dollar was set to complete a gain versus most major peers this week before data that may show U.S. job gains, signaling the economy may be strong enough to weather reductions in Federal Reserve stimulus.

    The Bloomberg Dollar Spot Index touched a four-month high yesterday and was poised for a fourth weekly advance, the longest stretch in 10 months. The Labor Department may say today the unemployment rate remained at a five-year low. The yen dropped against all but one of its 16 major peers after Goldman Sachs Group Inc. said Japan’s currency will decline faster than it previously estimated.

    “The current bullish momentum of the dollar sees little risk of stalling,” said Kikuko Takeda, a London-based senior analyst at the Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan’s biggest bank by market value. “The Fed may taper another $10 billion this month.”

    source_http://www.bloomberg.com/news/2014-01-09/dollar-set-for-weekly-gain-versus-major-peers-before-u-s-jobs.html

    Not allowed!

  9. #108
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    The Federal Reserve is investigating whether traders at the world’s biggest banks rigged benchmark currency rates, raising the risk that firms will be penalized for lax controls as regulators look for wrongdoing.

    The Fed, which supervises U.S. bank holding companies, is among authorities from London to Washington probing whether traders shared information that may have let them manipulate prices in the $5.3 trillion-a-day foreign-exchange market to maximize their profits, said a person with direct knowledge of the matter, asking not to be named because it’s confidential.

    “The Fed has discretion whether to and how much to fine the banks if deficient controls or lack of supervision resulted in traders at these banks manipulating currency rates,” said Jacob S. Frenkel, a former federal prosecutor and now a lawyer at Shulman Rogers Gandal Pordy & Ecker PA in Potomac, Maryland.

    source_http://www.bloomberg.com/news/2014-01-13/federal-reserve-said-to-probe-banks-over-forex-fixing.html

    Not allowed!

  10. #109
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    ouse and Senate appropriators agreed to bipartisan legislation to fund the U.S. government through Sept. 30, unveiling the measure days before funding for federal agencies is scheduled to lapse.

    Lawmakers agreed to $1.01 trillion in appropriations, plus separate war funding to bring the total to $1.1 trillion. The measure would fund defense spending at about $573 billion for the current fiscal year, with $85.2 billion for the war in Afghanistan, about $2 billion less than in fiscal year 2013.

    The bill, announced last night by lawmakers including House Appropriations Committee Chairman Hal Rogers, a Kentucky Republican, and Senate Appropriations Chairman Barbara Mikulski, a Maryland Democrat, probably will reach the House floor tomorrow, Rogers said.

    source_http://www.bloomberg.com/news/2014-01-14/congress-unveils-spending-measure-to-fund-u-s-government.html

    Not allowed!

  11. #110
    Super Moderator Gamer's Avatar
    Join Date
    Jan 2013
    Posts
    8,991
    Thumbs Up
    Received: 1,205
    Given: 431
    The dollar climbed against 15 of 16 major peers, rebounding from a two-week low versus the euro, before the Federal Reserve releases its Beige Book business survey today.

    The Bloomberg Dollar Spot Index extended yesterday’s biggest gain in four weeks after two voting members of the Federal Open Market Committee called for the central bank to continue paring asset purchases even after data on Jan. 10 showed job creation was slower than economists estimated. The Aussie and the kiwi fell against the greenback by the most among major currencies. The World Bank raised its global growth forecast yesterday, while a gauge for future market volatility was near a one-year low, supporting so-called carry trades.

    “The U.S. dollar should continue to fare well this year,” said Khoon Goh, a Singapore-based strategist at Australia & New Zealand Banking Group Ltd. “The Fed speakers this week so far have continued to support tapering, pointing out that the weak payrolls number last week was a one-off, so that caused the market to rethink their positions.”

    source_http://www.bloomberg.com/news/2014-01-14/dollar-remains-higher-versus-yen-before-fed-releases-beige-book.html

    Not allowed!

Page 11 of 39 FirstFirst ... 78910111213141521 ... LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •