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 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.
The Japanese Yen was the single best performer in the G-10 last week, adding 2.63% on average against other major currencies and soaring to levels unseen since 1995 against the US Dollar.
Nov. 27 (Bloomberg) -- Japan’s government bonds rose, sending five-year yields to the lowest since 2005, as stocks declined on speculation the yen’s gain to a 14-year high against the dollar will hurt exporters and deepen deflation.
Nov. 27 (Bloomberg) -- Japan’s 10-year bonds gained for a second day on speculation the yen’s advance to a 14-year high against the dollar will hurt exporters and deepen deflation.
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. 27 (Bloomberg) -- Japan’s 10-year bonds may gain for a second day on speculation the yen’s advance to a 14-year high against the dollar will hurt exporters and deepen deflation.
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
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