7809 Stories, most recent news story added Tue Dec 8, 3:38 pm ET
The British Pound tumbled to a low of 1.6326 during the overnight trade as the economic docket reinforced a weakened outlook for future growth, and fears of a protracted recovery in the U.K. may continue to drag on the exchange rate as investors weigh the prospects for monetary policy going forward.
NEW YORK (AP) -- Key currency exchange rates Tuesday, compared with late Monday in New York: Dollar vs: Exchange Rate Pvs Day Yen 88.34 89.48 Euro $1.4685 $1.4823 Pound $1.6261 $1.6439 Swiss franc 1.0283 1.0192 Canadian dollar 1.0671 1.0531 Mexican peso 12.8950 12.6500 Metal Price (troy oz.) Pvs Day NY Merc Gold $1142.80 $1163.40 NY HSBC Bank US $1126.00 $1163.00 NY Merc Silver $17.785 $18.336
(RTTNews) - The British currency bounced back from previous session's downtrend against the euro and the Swiss franc in New York morning trading on Tuesday.
(RTTNews) - Tuesday, the Swiss franc rose to multi-day highs against the British pound and the Japanese yen. Meanwhile, the franc bounced back against the US dollar and showed choppy trading against the euro.
The Japanese Yen continued to benefit from the rise in risk aversion and remains the only major currency that’s higher against the greenback on Tuesday, while British Pound is the worst performing currency after moving nearly 117% of its average true range.
Dec. 7 (Bloomberg) -- Estonia met the inflation criterion for euro entry in November as the Baltic nation moves closer to its goal of adopting the currency by 2011, the central bank said.
(RTTNews) - Amid the release of the German October industrial production report at 6:00 am ET Tuesday, the euro dropped against other major currencies. As of now, the euro is trading at 1.5116 against the franc, 1.483 against the dollar, 131.42 against the yen and 0.9088 against the pound.
Dec. 7 (Bloomberg) -- The yen strengthened and the dollar rose to its highest level in a month against the euro as investors weighed whether the world economy is recovering fast enough to warrant higher central bank interest rates. Gold headed for the steepest two-day retreat since October 2008.
Dec. 8 (Bloomberg) -- Canada’s dollar depreciated as crude oil fell and the nation’s central bank kept the benchmark interest rate at a record low, repeating that the currency’s strength poses risks to economic recovery.
Dec. 7 (Bloomberg) -- The yen strengthened and the dollar rose to its highest level in a month against the euro as investors weighed whether the world economy is recovering fast enough to warrant higher central bank interest rates. U.S. stock index futures and commodities fell.
Dec. 8 (Bloomberg) -- Canada’s dollar depreciated, trading at almost the lowest level in more than a week, before a central-bank meeting to determine interest rates.
The U.S. dollar traded modestly weaker against most major currency rivals in Asian trading Tuesday as traders continued to mull the likelihood of a rate hike by the U.S. Federal Reserve.
The U.S. dollar held its ground versus the euro but slipped versus the Japanese yen Tuesday, holding within recent ranges a day after Federal Reserve Chairman Ben Bernanke appeared to derail expectations the central bank would hike interest rates as early as next year.
Dec. 8 (Bloomberg) -- Canada’s dollar depreciated as the nation’s central bank held interest rates at a record low and repeated that the currency is too strong.
Tata Consultancy Services , the leading IT services, business solutions and outsourcing firm, today announced that the Renminbi currency trading platform for the Chinese inter-bank market, an initiative of China Foreign Exchange Trade System , a subsidiary of People's Bank of China , has successfully gone live nationwide.
European Central Bank President Jean-Claude Trichet called again Monday for a strong dollar and a higher value for Asian currencies, days after the euro hit a year-high against the dollar.
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