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  1. #1
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    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

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  2. #51
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    The dollar traded 0.2 percent from a six-week high against the euro amid signs the U.S. economic recovery is gaining traction, adding to the case for the Federal Reserve to scale back stimulus this month.

    The Bloomberg U.S. Dollar Index was 0.2 percent from a seven-week high before the Fed releases today its economic outlook survey known as the Beige Book. Economists estimated Labor Department data due Sept. 6 will show nonfarm payrolls increased 180,000 in August. Australia’s currency rose to a two-week high after growth in the nation’s economy accelerated. The pound was near a three-month high against the euro.

    “The dollar is more likely to rise in the medium to long term,” said Yujiro Goto, a senior currency strategist at Nomura International Plc in London. “Should we continue to see nonfarm payrolls increase by about 150,000 to 160,000, the likelihood of a September tapering of Fed easing will remain intact.”

    The U.S. currency was little changed at $1.3168 per euro as of 11:24 a.m. in Tokyo from yesterday, when it touched $1.3139, the strongest since July 22. The dollar traded at 99.50 yen from 99.57 yesterday, when it reached 99.86, the highest since Aug. 2. The yen added 0.1 percent to 131.03 per euro.

    The Bloomberg U.S. Dollar Index, which tracks the greenback against 10 other major currencies, was little changed at 1,036.50 from yesterday, when it advanced to as high as 1,038.61, a level unseen since July 16.

    The Aussie dollar jumped to 90.97 U.S. cents, the highest since Aug. 20, before trading at 90.95, 0.4 percent above yesterday’s close. Sterling was at 84.61 pence per euro from 84.65 yesterday, when it touched 84.46, the strongest level since May 21.

    source_http://www.bloomberg.com/news/2013-09-03/dollar-trades-near-6-week-high-versus-euro-on-fed-tapering-bets.html

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  3. #52
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    The dollar was set for a second weekly advance against the euro as 10-year Treasury yields reached 3 percent for the first time since 2011 before data forecast to show U.S. employers added jobs at a faster pace.

    The euro fell for a second day versus the yen before figures that will probably show industrial production slowed in Germany and Spain. Japan’s currency rallied against the dollar, halting a four-day slide that was the longest losing streak in two months, as stocks declined. Singapore overtook Japan as Asia’s biggest foreign-exchange center for the first time.

    “Rising Treasury yields will continue to support the dollar,” said Junichi Ishikawa, a Tokyo-based analyst at IG Markets Securities Ltd. “There are high expectations in the market of an expansion in the U.S. economy. The yen will continue to be whipsawed by stock movements.”

    The dollar was little changed at $1.3131 per euro at 6:50 a.m. in London, having risen 0.7 percent this week. Europe’s 17-nation currency dropped 0.3 percent to 130.96 yen, paring a weekly gain to 0.9 percent. The yen strengthened 0.4 percent to 99.75 per dollar and was down 1.6 percent on the week.

    The MSCI Asia Pacific Index of stocks slid 0.2 percent, while Japan’s Topix index retreated 0.9 percent.

    source_http://www.bloomberg.com/news/2013-09-05/dollar-poised-for-biggest-weekly-gain-in-two-months-against-yen.html

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  4. #53
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    The dollar dropped to its lowest in more than two weeks versus the euro as the exit of former Treasury Secretary Lawrence Summers from the race to lead the Federal Reserve damped expectations for an early halt to expansionary monetary policy.

    The greenback weakened versus all its Group of 10 currency peers after U.S. President Barack Obama said in a statement he accepted the withdrawal. Obama had mentioned Summers and Fed Vice Chairman Janet Yellen as potential candidates to lead the central bank after Ben S. Bernanke’s term as chairman expires Jan. 31, with policy makers preparing to reduce bond purchases, known as quantitative easing. The yen slid against the growth-sensitive currencies of Australia and New Zealand as the U.S. builds support for a plan to eliminate Syrian chemical weapons.
    “News that Summers had withdrawn from consideration for the Fed post has surprised the market as he had been widely tipped to take over from Bernanke,” said Imre Speizer, a market strategist at Westpac Banking Corp. (WBC) in Auckland. “Given that he was also perceived to be less QE-friendly than Yellen, the other main contender, the U.S. dollar has fallen.”

    The dollar dropped 0.5 percent to $1.3364 per euro as of 8:14 a.m. in London after touching $1.3382, the weakest level since Aug. 28. The U.S. currency fell 0.6 percent to 98.81 yen after reaching 98.46, the least since Sept. 2. The euro was little changed at 132.06 yen.

    soruce_http://www.bloomberg.com/news/2013-09-15/dollar-drops-versus-euro-yen-as-summers-withdraws-from-fed-race.html

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  5. #54
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    Ben S. Bernanke reinforced his standing as the most activist Federal Reserve chairman in history by doing the unexpected: nothing.

    The policy-setting Federal Open Market Committee yesterday refrained from reducing the $85 billion pace of its monthly securities buying, sending stocks to record highs and triggering the biggest rally in Treasuries since 2011 as investors repositioned for a more accommodative central bank. Bernanke said the Fed must determine its policies based on “what’s needed for the economy,” even if it surprises markets.
    The decision to abstain from tapering bond purchases underscored Bernanke’s willingness to do anything to lower unemployment and pushed back expectations for a tightening of policy, according to Lou Crandall, chief economist at Wrightson ICAP LLC in Jersey City, New Jersey. Bernanke said he was concerned that market interest rates, driven higher by his own suggestion he would scale back so-called quantitative easing, would curb growth.

    “The overriding message the Fed wants to send is that it remains completely committed to providing as much support as necessary,” Crandall said. “The Fed’s goal in surprising the market here was to really cement the credibility” of its interest-rate guidance by showing its primary concern is encouraging growth, he said.

    source_http://www.bloomberg.com/news/2013-09-19/bernanke-resets-fed-policy-by-doing-nothing-as-markets-take-off.html

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  6. #55
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    At the height of the 1998 Asian economic crisis, then-Federal Reserve Chairman Alan Greenspan declared the U.S. was no “oasis of prosperity” in times of global stress.

    It is a lesson Ben S. Bernanke’s successor will need to heed upon inheriting a central bank once again facing a domestic need to think internationally.
    For five years, the Fed has focused on home-grown challenges, including financial turmoil and the recession and surge in unemployment that resulted. The biggest threat to U.S. expansion under its next chairman may lie outside its borders as China and fellow emerging markets show signs of weakening.

    source_http://www.bloomberg.com/news/2013-09-22/fed-faces-new-era-of-thinking-global-as-yellen-nomination-nears.html

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  7. #56
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    The dollar snapped a two-day advance against the euro as the U.S. government moves closer to a shutdown with lawmakers wrangling over the debt limit and markets gauging the path for monetary policy.

    The Australian and New Zealand dollars dropped against most major peers as Asian stocks retreated from a four-month high. Indonesia’s rupiah slid to the lowest level since April 2009. Federal Reserve Bank of Kansas City President Esther George will speak today, after New York Fed President William C. Dudley said yesterday the U.S. economy still needs support. The euro fell the most in two weeks versus the U.S. currency yesterday.

    source_http://www.bloomberg.com/news/2013-09-23/dollar-holds-drop-as-shutdown-looms-fed-stimulus-damps-demand.html

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  8. #57
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    The yen and dollar held gains versus most major peers as stocks in Asia and the U.S. dropped amid concern over budget talks that risk a federal government shutdown, sparking demand for haven currencies.

    The greenback remained stronger before data forecast to show new home sales rebounded in August, a sign the housing market is beginning to adjust to a jump in financing costs. New Zealand’s dollar fell after the nation’s trade deficit unexpectedly widened. South Korea’s won snapped a two-day advance on concern authorities will intervene to slow gains.

    “The U.S. dollar and the yen still look to be the main global safe-haven currencies,” said Sean Callow, a senior currency strategist at Westpac Banking Corp. (WBC) in Sydney. “The impact of the congressional standoff, potential shutdown, and gamesmanship over the debt ceiling on global investor confidence and risk appetite was very negative the last time they did all this.”

    source_http://www.bloomberg.com/news/2013-09-24/dollar-holds-gains-as-budget-talks-spur-haven-appeal-kiwi-drops.html

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  9. #58
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    Orders for goods such as computers and machinery rose less than forecast in August, showing a pickup in U.S. business spending will take time to develop.
    Bookings (CGNOXAI%) for non-military capital equipment excluding aircraft increased 1.5 percent after a 3.3 percent drop in July, the Commerce Department reported today in Washington. The median forecast of economists surveyed by Bloomberg projected a 2 percent gain. Another report showed sales of new houses over the past two months were the weakest of the year.

    Factory production is stabilizing as Americans replace older-model cars and companies invest in new technology. An escalating budget battle in Washington and higher interest rates mean companies will need to see bigger gains in sales to justify updating equipment, which will probably limit any rebound in manufacturing

    source_http://www.bloomberg.com/news/2013-09-25/demand-for-u-s-capital-goods-climbs-as-investment-recovers.html

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  10. #59
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    UBS AG (UBSN), the world’s biggest wealth manager, is reducing its recommendation on the U.S. dollar versus the euro to neutral after the Federal Reserve opted to maintain its bond-buying program.

    “The U.S. dollar was the most favored currency among speculative investors, no doubt partially due to widely-held expectations of a Fed ‘taper,’” Chief Investment Officer Alexander Friedman wrote in his monthly letter to client advisers yesterday. “As these expectations are revised in the coming weeks, we believe it prudent to close our long position in the currency relative to the euro.”

    The Federal Open Market Committee unexpectedly refrained from reducing economic stimulus at its Sept. 17-18 policy meeting, choosing to “await more evidence that progress will be sustained.” Fiscal uncertainty regarding the debt ceiling is part of the reason why UBS forecast the Fed to only start tapering in December, Friedman said.

    source_http://www.bloomberg.com/news/2013-09-26/ubs-cuts-u-s-dollar-recommendation-to-neutral-on-fed-decision.html

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    The dollar dropped to a one-month low against the yen as political wrangling over the budget threatened a U.S. government shutdown from tomorrow.

    The U.S. currency extended its first quarterly drop versus the yen since a year ago with Congress deadlocked over Republicans’ insistence on delaying the 2010 health-care law. The yen climbed against all 16 major peers and reached a three-week high per euro as demand for safety increased with Italian Prime Minister Enrico Letta’s government on the verge of collapse. The pound was at the highest since January before data tomorrow forecast to show U.K. manufacturing accelerated.

    source_http://www.bloomberg.com/news/2013-09-29/dollar-extends-drop-against-yen-with-government-shutdown-looming.html

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