Swiss franc falls on reports of central bank move
AP - Thu Nov 26, 7:58 am ETThe Swiss franc fell Thursday on reports that the country's central bank intervened in foreign exchange markets to stem the export-sapping appreciation in the currency.
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The Swiss franc fell Thursday on reports that the country's central bank intervened in foreign exchange markets to stem the export-sapping appreciation in the currency.
Japanese consumer price index excluding volatile food and energy prices slid in the year to October at the fastest rate since 2001 with increasing signs that weak demand is weighing on prices, while a tumbling dollar adds to price pressures.
Nov. 27 (Bloomberg) -- Japanese Finance Minister Hirohisa Fujii said he may contact the U.S. and Europe to act on currencies, signaling his growing concern that the yen’s rise to a 14-year high will hamper the economic recovery.
The Australian dollar surged higher against the greenback as the Reserve Bank of Australia held an improved outlook for the $1T economy, and remains the best performing currency on Wednesday after moving 89% of its ATR, while New Zealand dollar remains the weakest of the major currencies after moving only 69% of its average true range.
Nov. 25 (Bloomberg) -- Corn rose for the first time in seven sessions on speculation that a slumping dollar will increase demand for commodities as an alternative investment and an inflation hedge. Soybeans also gained.
(RTTNews) - The Canadian dollar declined in early trading on Friday as oil prices dropped below $75 a barrel as investors turned away from commodities after debt default fears in Dubai shook global financial markets. The loonie also weakened as the dollar rose on investors' increased risk aversion.
(RTTNews) - Extending its previous session's downtrend, the Canadian dollar showed weakness against the European common currency in early trading on Friday.
(RTTNews) - The British pound extended morning session's downtrend against the euro and the Swiss franc in New York afternoon trading on Thursday.
Nov. 27 (Bloomberg) -- Crude oil tumbled to a six-week low as Dubai’s attempt to reschedule its debt prompted investors to sell commodities. Oil dipped below $73 in New York as the dollar jumped, dulling the appeal of crude as a currency hedge, and equities fell.
The Swiss franc fell Thursday on reports that the country's central bank intervened in foreign exchange markets to stem the export-sapping appreciation in the currency.
Nov. 28 (Bloomberg) -- Japan’s government and central bank are prepared to act together to fight deflation and the effects of the strengthening yen, Deputy Prime Minister Naoto Kan said.
Nov. 26 (Bloomberg) -- The Swiss franc fell against the euro and the dollar on speculation the nation’s central bank sold the currency after it climbed to parity with the greenback yesterday for the first time in 19 months.
Nov. 26 (Bloomberg) -- Gold climbed to a record for the third time this week as investors bought the metal to protect their wealth from the declining dollar and Sri Lanka’s central bank purchased bullion.
Nov. 25 (Bloomberg) -- Canada’s dollar strengthened to the highest level in a week after Russia’s central bank said it will add the currency to its reserves and as copper rose and gold headed for the longest string of gains in almost three decades.
Nov. 26 (Bloomberg) -- The Swiss franc weakened as much as 0.3 percent against the euro, after strengthening to the highest level in five months, on speculation the nation’s central bank sold the currency.
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 copper rose and gold headed for the longest string of gains in almost three decades.
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