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.
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.
The Swiss franc retraced the previous day’s decline against the greenback and remains the best performing currency on Wednesday after moving nearly 80% of its ATR, while the British Pound tipped lower against the greenback following the Bank of England meeting minutes.
Nov. 26 (Bloomberg) -- The dollar dropped to a 14-year low against the yen as signs of a global economic recovery and speculation the Federal Reserve will keep interest rates low decreased demand for the U.S. currency.
Nov. 24 (Bloomberg) -- The pound declined against the dollar on speculation policy makers will highlight risks to the U.K.’s economy, fueling speculation the Bank of England may extend asset purchases as the recession persists.
The British Pound is in focus in European trading hours with a revised set of third-quarter Gross Domestic Product figures set to cross the wires. Japan’s trade surplus widened more than expected while comments from Australia’s central bank boosted rate hike expectations in overnight trading.
Nov. 26 (Bloomberg) -- The dollar traded near a 14-year low against the yen as signs of a global economic recovery and speculation the Federal Reserve will keep interest rates low decreased demand for the U.S. currency.
NEW YORK (AP) -- Key currency exchange rates Friday, compared with late Thursday in New York: Dollar vs: Exchange Rate Pvs Day Yen 88.96 89.01 Euro $1.4857 $1.4919 Pound $1.6481 $1.6647 Swiss franc 1.0182 1.0133 Canadian dollar 1.0714 1.0626 Mexican peso 13.0810 13.0462 Metal Price (troy oz.) Pvs Day NY Merc Gold$1146.40 $1141.40 NY HSBC Bank US $1150.00 $1140.00 NY Merc Silver$18.433 $18.447
Nov. 25 (Bloomberg) -- The Swiss franc strengthened past parity with the dollar for the first time since April 2008. Switzerland’s currency appreciated as much as 0.9 percent to 0.9994 per dollar, before trading at 1.0013 as of 11:57 a.m. in London.
Nov. 25 (Bloomberg) -- The yen and dollar may extend their gains against major counterparts on speculation tumbling stocks will encourage traders to reduce bets against the two funding currencies before tomorrow’s Thanksgiving holiday in the U.S.
(RTTNews) - In European deals on Tuesday, the euro recouped some of its Asian session's losses against the dollar and the yen on upbeat economic reports from Germany. Meanwhile, the euro remained higher against the pound and climbed to a 12-day high.
(RTTNews) - At 4:15 am ET Wednesday, the yen strengthened sharply against its major counterparts. The yen is currently trading at a 10-month high of 87.70 per dollar, new multi-week high of 131.74 against the euro and a 2-day high of 87.31 against the franc and 83.30 against the Canadian dollar.
Nov. 26 (Bloomberg) -- The dollar may extend its decline to the mid-84 yen level after sliding to a 14-year low today, Bank of Tokyo-Mitsubishi UFJ Ltd. said, citing trading patterns.
(RTTNews) - Amid the release of the UK third quarter GDP report at 4:30 am ET Wednesday, the pound fell against other major currencies. As of now, the UK currency is trading at 1.6687 against the dollar, 1.6771 against the franc, 146.15 against the yen and 0.9004 against the euro.
(RTTNews) - The British currency extended its morning session's downtrend against the euro and the Swiss franc in New York afternoon tarring on Friday. As of now, the sterling is trading near new multi-day lows of 0.9021 against the euro and 1.6779 versus the franc.
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