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.
(RTTNews) - The European currency stabilized in early trading on Monday following a preliminary data from Eurostat showed that the euro-zone consumer prices returned to a positive territory in November.
Nov. 30 (Bloomberg) -- Gold may rise, snapping a two-day drop, as the dollar retreated against a basket of currencies after the United Arab Emirates’ central bank backed the country’s lenders, easing concerns Dubai World may default.
(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.
Nov. 30 (Bloomberg) -- Australia’s currency rose, heading for a record 10th monthly advance against the U.S. dollar, on speculation the central bank will increase interest rates tomorrow for a record third month.
Nov. 26 (Bloomberg) -- Gold climbed to a record for the third time this week as investors and central banks bought the metal to protect their wealth from the declining dollar.
Economists on Monday downplayed an unexpected 0.6% annual rise in consumer prices across the 16-nation euro zone in November, attributing the jump to comparisons with highly volatile energy prices last year.
Economic confidence in the Euro-Zone is widely expected to reach a 14-month high in November as economists forecast the European Commission’s index to rise to 88.0 from 86.2 in October, and the data is likely to reinforce an enhanced outlook for future growth as the economy emerges from the worst recession since the post-war period.
(RTTNews) - The British pound staged a sharp spike against its European and Swiss counterparts by about 2:00 am ET Wednesday. As of now, the UK currency is trading at 0.9009 against the euro and 1.6770 against the franc, compared to yesterday's closing values of 1.6741 and 0.9025, respectively.
Chinese Premier Wen Jiabao, right, and European Commission President Jose Manuel Barroso shake hands before their meeting Sunday, Nov. 29, 2009 in Nanjing, China. China should allow its currency to strengthen against the euro and other major currencies, for its own sake as well as that of the global economy, top finance officials of the single-currency euro zone said Sunday. (AP Photo/Eugene ...
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 crude oil and stock-index futures rose.
The dollar fell more than 1% versus major counterparts Wednesday, lifting the euro back above the key $1.50 level, as economic sentiment was helped by overall upbeat U.S. economic data a day after the U.S. Federal Reserve signaled few qualms about the U.S. unit's decline.
The British Pound halted the two-day decline against the U.S. dollar and pushed to a high of 1.6595 during the overnight trade, but the lack of momentum to cross back above the 20-Day SMA (1.6626) may keep the pair within a broad range throughout the week as investors weigh the outlook for future policy.
The British Pound retraced the previous day’s decline against the greenback and crossed back above the 20-Day SMA to reach a high of 1.6729, and the currency may continue to appreciate going into the North American trade as the economic docket reinforces an improved outlook for the U.K.
(RTTNews) - Friday, Japanese Finance Minister Hirohisa Fujii said the strength of the yen is harmful to the economy. Appreciation of yen against dollar threatens export earnings of Japan. "I am nervously watching the foreign exchange market carefully", he said.
The dollar fell versus major rivals Wednesday, allowing the euro to again fetch more than $1.50, as economic sentiment was helped by overall upbeat U.S. economic data after the U.S. Federal Reserve showed no qualms about the U.S. unit's decline.
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