7811 Stories, most recent news story added Tue Dec 8, 3:01 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.
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.
NEW YORK (AP) -- Key currency exchange rates Friday, compared with late Thursday in New York: Dollar vs: Exchange Rate Pvs Day Yen 90.70 88.21 Euro $1.4827 $1.5092 Pound $1.6429 $1.6566 Swiss franc 1.0188 0.9989 Canadian dollar 1.0589 1.0536 Mexican peso 12.6600 12.6410 Metal Price (troy oz.) Pvs Day NY Merc Gold $1168.80 $1217.40 NY HSBC Bank US $1151.00 $1218.00 NY Merc Silver $18.496 $19.102
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.
Dec. 7 (Bloomberg) -- U.S. stocks advanced and the dollar erased its gain against the euro after Federal Reserve Chairman Ben S. Bernanke said inflation may slow, prompting speculation the central bank won’t raise rates anytime soon. Gold headed for the steepest two-day retreat since March.
(RTTNews) - The British pound fell sharply against other major currencies by about 12:55 am ET Tuesday. Currently the pound is trading at 0.9038 against the euro, 146.22 against the yen, 1.6429 against the US dollar and 1.6725 against the Swiss franc.
Dec. 3 (Bloomberg) -- Chile’s peso fell to the lowest in almost two weeks after a central bank board member reiterated the bank doesn’t rule out intervening in the foreign-exchange market to rein in the currency’s 27 percent advance this year.
The USDCHF is in the same positions as the EURUSD. The rally from Fridays low is impulsive. Structure is bullish above .9960 and supports are 1.0135 and 1.0080. Trading above 1.0340 would expose 1.0525/90. Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen ...
The U.S. dollar rose on Tuesday to the highest level versus the euro in five weeks and gained against other major currencies, as worries about high levels of debt in Greece and Dubai led investors to buy assets that would offer protection in a crisis.
(RTTNews) - The British pound staged a sharp rise against its major counterparts at 2:00 am ET Friday. The pound is currently trading at 1.6583 against the US dollar, 0.9092 versus the European currency, 1.6585 against the Swiss franc and 146.42 versus the Japanese yen.
Dec. 7 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said a strong dollar and a “gradual” appreciation of Asian currencies are important for the global economy.
(RTTNews) - The Japanese currency ticked up further against major currencies during New York mid-day trading on Monday. The yen advanced to fresh multi-day highs of 87.70 against the Swiss franc and 132.55 versus the euro in the same period.
It’s been a while since I last wrote about the Euro (October ...
Last week, I opined on the official US forex policy ( “Strong ...
My last update on the Japanese Yen was published on October 16 ...
The big story of the week was the announcement by Dubai World, ...
Karl Marx would be pleased…well, maybe not. In any event, ...
US economic officials have been busy of late, propagating the “Strong ...
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