Business data buoys euro as Fed minutes support dollar

The euro was flat at $1.3357. The dollar rose broadly on Thursday as it tracked gains in U.S. Treasury yields, with the Fed minutes viewed as supportive after they little to alter expectations it could start trimming its bond purchases as early as September. The dollar .DXY was up 0.3 percent against a basket of currencies at 81.433, not far from the one-week peak of 81.557 hit earlier in the session. The U.S. 10-year Treasury yield set a fresh two-year high of 2.936 percent on Thursday. Such a rise in yields can increase the attractiveness of dollar-denominated assets. “Regardless of the fact that this is tapering, not ending QE, the shift in the focus of monetary policy is likely to support the dollar, in our view,” said Marshall Gittler, head of global FX strategy at IronFX adding that markets believe “each day of tapering is a day closer to the Fed raising rates.” “Over the long term this should mean higher U.S. To the original posting have a look at

Business Rx: All entrepreneurship is global entrepreneurship

Understand every business is a global business. I repeat. Understand every business is a global business and every entrepreneur is a global entrepreneur. For those of you who use the business model canvas as a planning tool think of your canvas and look at which box represents a global opportunity. Is it a customer segment, a manufacturing partner or a distribution channel? As entrepreneurs, advisers and investors, lets learn from our zealous global peers. They are learning from us. Elana Fine (@elanafine) is the managing director of the Dingman Center for Entrepreneurship at the University of Marylands Robert H. Thanks a bunch would flow to

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