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. 26 (Bloomberg) -- China’s foreign-exchange reserves face a “triple whammy” as inflation, oversupply and the “inevitable” decline of the dollar threaten to erode the value of its holdings of U.S. Treasuries, said Yu Yongding , a former adviser to the Chinese central bank.
FILE - In this May 10, 2006 file photo, a one euro coin is posed on top an U.S. one dollar bill in Frankfurt, central Germany. The dollar slid to a 15-month low against the euro Wednesday, Nov. 25, 2009, as investors fled the safe haven currency on upbeat U.S. economic reports. (AP Photo/Michael Probst, File)
Nov. 27 (Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from the previous day’s session.
(RTTNews) - After a slight downtrend against the Swiss franc during Friday's early Asian trading, the euro gained ground. The euro is currently trading at 1.5100 against the Swiss currency, with 1.513 seen as the next upside target level.
Nov. 27 (Bloomberg) -- Canada’s currency touched the lowest level in almost three weeks as investors, shaken by Dubai’s attempt to reschedule its debt payments, sought to unwind bets in higher-yielding assets including commodity-linked currencies.
Nov. 26 (Bloomberg) -- The dollar traded near a 14-year low against the yen as the Federal Reserve’s signal that it will tolerate a weaker greenback encouraged investors to buy higher- yielding assets outside America.
(RTTNews) - Amid the release of the German November IFO report, the euro climbed further against other major currencies. As of now, the common currency is trading at 1.5118 against the franc, 1.4935 against the dollar, 132.44 against the yen and 0.9026 against the pound.
A Tokyo money dealer reacts as the U.S. dollar is traded at between 86.43 yen and 86.48 yen on the Tokyo foreign exchange in Tokyo, Japan, Thursday, Nov. 26, 2009. The dollar has tumbled to 14-year low against the Japanese yen after traders reacted to indications that U.S. interest rates will remain low and that Federal Reserve isn't overly concerned about the dollar's slide. (AP Photo/Shizuo ...
The dollar falls versus major rivals, allowing the euro to again fetch more than $1.50 as overall economic sentiment rebounds and the U.S. Federal Reserve shows no qualms about the U.S. unit's decline.
European employers' chiefs on Thursday urged eurozone leaders, heading to China on Sunday to discuss exchange rates, to call for a revaluation of the yuan by Beijing.
(RTTNews) - The Japanese yen rose beyond 87 level against the US dollar for the first time in 14-years during Asian deals on Thursday as most Asian stock markets are trading weak, triggering strong selling of higher-yielding currencies across the board.
Nov. 27 (Bloomberg) -- Hinde Capital Ltd. , the London-based hedge-fund firm investing in gold, reduced its fund’s investment in the precious metal to 50 percent, the minimum weighting, from 125 percent previously.
(RTTNews) - The dollar, which closed Wednesday's North American session at 12.8324 against the Mexican peso, soared to a high of 13.0308 in afternoon trading on Thursday. This set a 3-day high for the US currency.
European businesses called Wednesday 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.
(RTTNews) - Extending its early morning slide, the Australian dollar edged down against the currencies of the US and Japan in early trading on Thursday as risk averse traders sold off higher-yielding assets and moved in to the safe-haven currencies like the dollar and the yen.
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