NEW YORK, June 15 Foreign holdings of Treasuries
rose in April, data from the Treasury Department showed on
Tuesday, as investors bought back U.S. government debt after
yields started to decline from their highs.
NEW YORK Cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday.
NEW YORK The U.S. debt ceiling comes into effect at the end of July, putting pressure on the Treasury to reduce its cash balance ahead of the deadline. That means more injections of cash into a financial system already awash with liquidity, a scenario that could further sink short-term rates and cause undue distortion in the overnight repurchase market.
NEW YORK (Reuters) -The Federal Reserve's reverse repurchase window on Wednesday took in $503 billion in cash, hitting a record peak for a third consecutive session, as financial institutions flush with liquidity flocked to the Fed facility to park their cash and secure Treasury collateral.
NEW YORK Bitcoin funds and products posted record outflows last week as investors continued to cast a cautious eye on the world's largest cryptocurrency, which has seen its upward momentum stall in the last few months, according to digital currency manager CoinShares data released on Monday.
NEW YORK, June 7 Bitcoin funds and products
posted record outflows last week as investors continued to cast
a cautious eye on the world's largest cryptocurrency, which has
seen its upward momentum stall in the last few months,
according to digital currency manager CoinShares data released
NEW YORK The dollar rose to a three-week high on Thursday, bolstered by stronger-than-expected U.S. jobs data that suggested an improving labor market and reinforced signs that the world's largest economy was on its way to recovery from the COVID-19 pandemic.
* U.S. jobless claims, private payrolls better than expected
* Russia to remove U.S. dollar assets from National Wealth Fund
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
(Adds comment, U.S. data, updates prices, changes byline, dateline; previous LONDON)
By Gertrude Chavez-Dreyfuss
NEW YORK, June 3 The dollar rose on Thursday after stronger-than-expected U.S. jobs data
that suggested an improving labor market, reinforcing signs that the world's largest economy was on its way
to a steady path to recovery from the pandemic.
The greenback was already on solid footing ahead of the economic reports, as currency investors bet that
Thursday's U.S. data will come out better than market forecasts.
U.S. private payrolls increased by 978,000 jobs in May, the ADP National Employment Report showed, the
biggest increase since June 2020. Economists polled by Reuters had forecast private payrolls would increase
by 650,000 jobs.
At the same time, U.S. initial jobless claims dropped below 400,000 last week for the first time since
the COVID-19 pandemic started more than a year ago.
"You have to give the U.S. dollar merit because the economy behind it seems to be coming out of the
pandemic mode and now indicators are giving us signs of clear momentum," said Juan Perez, FX strategist and
trader, at Tempus Inc in Washington.
"Ultimately, our overall situation is better business-wise and even politically as the focus becomes on
major future spending to keep labor steady, if not thriving, in the remainder of the year," he added.
Traders also awaited U.S. nonfarm payrolls report for May, due on Friday, which could set the tone at
central bank meetings later this month. Wall Street economists' consensus forecast was for 650,000 new U.S.
jobs last month.
In midmorning trading, the dollar index, which measures the greenback against a basket of six
currencies, rose 0.5% to 90.386. It found strong support around the 89.946 mark in recent sessions after
falling 2% in April and a further 1.6% in May.
The euro, meanwhile, fell 0.5% against the dollar to $1.2143.
Against the yen, the dollar gained 0.5% to 110.10 yen.
The Federal Reserve has also started to unwind some of its asset purchases. On Thursday, the New York
Fed said it would start to gradually offload its portfolio of exchange-traded funds that invest in corporate
bonds on June 7, the first step in unwinding corporate bond holdings acquired during the pandemic.
In other currency news, Russia announced it would completely remove U.S. dollar assets from its National
Wealth Fund (NWF), while increasing the share of the euro, Chinese yuan and gold, according to Finance
Minister Anton Siluanov on Thursday. The changes are expected within a month.
The move did not have any immediate impact on currencies.
Sterling was down 0.4% versus the dollar at $1.4108 on Thursday as investors fret a little about whether
a new virus variant spreading in Britain can delay plans for reopening the economy.
Cryptocurrencies rose, with bitcoin last up 2.6% at $38,573, while ether was up 3% on the day
Currency bid prices at 10:14AM (1414 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Dollar index 90.4130 89.9200 +0.56% 0.480% +90.4410 +89.8850
Euro/Dollar $1.2138 $1.2210 -0.58% -0.65% +$1.2214 +$1.2137
Dollar/Yen 110.1600 109.5750 +0.53% +6.62% +110.1600 +109.5650
Euro/Yen 133.70 133.77 -0.05% +5.34% +133.9100 +133.6700
Dollar/Swiss 0.9042 0.8981 +0.67% +2.20% +0.9042 +0.8980
Sterling/Dollar $1.4112 $1.4169 -0.39% +3.30% +$1.4202 +$1.4105
Dollar/Canadian 1.2100 1.2035 +0.53% -4.99% +1.2115 +1.2031
Aussie/Dollar $0.7671 $0.7752 -1.03% -0.27% +$0.7754 +$0.7668
Euro/Swiss 1.0973 1.0962 +0.10% +1.54% +1.0976 +1.0958
Euro/Sterling 0.8600 0.8617 -0.20% -3.77% +0.8621 +0.8586
NZ $0.7159 $0.7232 -1.01% -0.31% +$0.7241 +$0.7159
Dollar/Norway 8.3690 8.3085 +0.90% -2.37% +8.3860 +8.2905
Euro/Norway 10.1570 10.1225 +0.34% -2.96% +10.1800 +10.1230
Dollar/Sweden 8.3292 8.2646 +0.14% +1.62% +8.3345 +8.2622
Euro/Sweden 10.1110 10.0970 +0.14% +0.34% +10.1178 +10.0884
(Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Ritvik Carvalho in London; Editing by
Kirsten Donovan, David Holmes and Jonathan Oatis)
NEW YORK Dogecoin, a meme-based cryptocurrency popular among retail investors, surged on Wednesday, benefiting from news that digital asset exchange Coinbase will make the crypto unit available to its users on its trading platform. | Video
NEW YORK Cryptocurrencies posted inflows last week after hitting record outflows the previous two, as investors took advantage of price declines in the market, data from digital currency manager CoinShares showed late Tuesday.