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The Canadian dollar rose to a one-week high against the U.S. dollar on Wednesday after the Russian central bank said it was preparing to invest some of its foreign exchange reserves in the Canadian currency.
The dollar rose against the euro in Asian trading Tuesday. The euro was buying $1.4933, down from $1.4999 in North American trading Monday. But the dollar edged lower against the Japanese currency, a low-yielding rival, to trade at 88.69 yen, down from 89.07 yen late Monday.
(RTTNews) - The British pound recovered form early morning session's multi-day lows of 0.9059 against the euro and 1.6692 versus the Swiss franc in New York mid-day trading on Tuesday.
NEW YORK (AP) -- Key currency exchange rates Tuesday, compared with late Monday in New York: Dollar vs: Exchange Rate Pvs Day Yen 88.56 89.02 Euro $1.4975 $1.4973 Pound $1.6593 $1.6621 Swiss franc 1.0082 1.0093 Canadian dollar 1.0577 1.0553 Mexican peso 12.9350 13.0500 Metal Price (troy oz.) Pvs Day NY Merc Gold $1165.50 $1164.30 NY HSBC Bank US $1167.00 $1165.00 NY Merc Silver $18.448 $18.603
The dollar pared a gain versus the euro but held some gains versus other major currencies on Tuesday after a closely-watched gauge of German business sentiment registered a stronger-than-expected increase, boosting optimism that the continent's economy is recovering.
(RTTNews) - Extending its previous sessions' downtrend, the US dollar staged a steep slide against its major counterparts in early trading on Wednesday as traders continued to mull that the FOMC revised its growth rate expectations for the next two years and look for more clues from a slew of economic data including weekly jobless claims.
• British Pound Down as Bank of England Likely to Remain Neutral • Euro Gains Amidst Signs European Central Bank May Wind Down Liquidity Programs • Japanese Yen Dominates as Equities Fall, Bank of Japan Sees Upside Inflation Risks • New Zealand Dollar Down as Currency’s Appreciation Becomes a Political Concern
Nov. 24 (Bloomberg) -- India is considering allowing futures trading in more currencies, including the euro and yen, to give companies more options to hedge exchange-rate risks, the Economic Times reported, without saying where it got the information.
(RTTNews) - The British pound staged a sharp spike against its European and Swiss counterparts by about 2:00 am ET Wednesday. As of now, the UK currency is trading at 0.9009 against the euro and 1.6770 against the franc, compared to yesterday's closing values of 1.6741 and 0.9025, respectively.
Nov. 25 (Bloomberg) -- Canada’s dollar appreciated to the highest in a week after Russia’s central bank said it will add the currency to its reserves, and as crude oil and stock-index futures rose.
The British Pound retraced the previous day’s decline against the greenback and crossed back above the 20-Day SMA to reach a high of 1.6729, and the currency may continue to appreciate going into the North American trade as the economic docket reinforces an improved outlook for the U.K.
The dollar slipped against its major rivals in Asian trading Wednesday, while Vietnam's currency took center stage as the country's central bank said it would again devalue the dong.
Nov. 24 (Bloomberg) -- The dollar and yen rose, reversing losses, as traders pulled out of bets against the two funding currencies before the U.S. Thanksgiving holiday.
Nov. 24 (Bloomberg) -- Japan’s Nikkei 225 Stock Average fell for the fifth day on concern deflation will deepen and banks will sell more shares to replenish capital. The dollar and the yen rose as investors pared bets on higher-yielding assets.
Nov. 23 (Bloomberg) -- The United Arab Emirates, the second- biggest Arab economy, doesn’t plan to abandon the dirham’s peg to the dollar, Central Bank Governor Sultan Nasser Al Suwaidi said.
Nov. 25 (Bloomberg) -- The yen and dollar weakened against higher-yielding currencies, reversing earlier gains, as renewed optimism over the prospects for a global economic recovery spurred investors to buy riskier assets.
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