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.
Nov. 27 (Bloomberg) -- Japanese officials are more likely focused on the exchange rate of the yen versus China’s yuan rather than against the dollar, according to Citigroup Inc., citing the fact that China is Japan’s biggest trading partner.
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
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.
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
The U.S. dollar rebounded against its major rivals except the Japanese yen on Thursday, as declines in global equities prompted investors to sell currencies perceived as risky.
European businesses this week called on EU economy officials to push China to allow their currency rise against the euro, saying the strong euro could hurt Europe’s economic recovery.
Japan got word Friday that prices fell again in October, just as a surging yen threatens to worsen the deflation that is undermining the country’s fragile economy.
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. 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.
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.
(RTTNews) - The Japanese yen that surged up against its major counterparts in early Friday Asian trading reversed direction around 6:40 pm ET. The yen thus eased from a new multi-year high against the dollar and new multi-month highs against the euro, pound and the franc.
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