6665 Stories, most recent news story added Fri Nov 20, 3:20 pm ET
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.
Stocks fell in early morning trading Friday as the dollar continued to strengthen, and after a week of mixed economic reports.
The British Pound spiked to a low of 1.6768 following the Bank of England meeting minutes as policy makers voted 7-1-1 to increase its asset purchase program by GBP 25B to GBP 200B, but has bounced back ahead of the U.S. trade to remain little changed from the previous day.
Swedish Central Bank Discontinues Dollar Loans
Nov. 20 (Bloomberg) -- Colombia’s peso bonds rose, pushing yields to almost a three-year low, on speculation the central bank will lower its key interest rate next week to boost the slumping Andean economy.
Nov. 20 (Bloomberg) -- China is passive on the value of the U.S. dollar as the level doesn’t affect the nation’s economy, central bank Governor Zhou Xiaochuan said, rebuffing criticism that the government is devaluing the yuan.
Nov. 19 (Bloomberg) -- Crude oil fell for the first time in four days as the U.S. dollar gained versus the euro, dulling the appeal of commodities as a currency hedge.
Nov. 20 (Bloomberg) -- Chile’s peso fell to a one-week low after central bank President Jose De Gregorio said the bank doesn’t rule out buying dollars in the currency market to stem the local currency’s rally.
NEW YORK (AP) -- Key currency exchange rates Friday, compared with late Thursday in New York: Dollar vs: Exchange Rate Pvs Day Yen 89.63 90.32 Euro $1.4893 $1.4866 Pound $1.6672 $1.6570 Swiss franc 1.0135 1.0162 Canadian dollar 1.0517 1.0546 Mexican peso 13.0760 13.2550 Metal Price (troy oz.) Pvs Day NY Merc Gold $1116.10 $1106.00 NY HSBC Bank US $1117.00 $1107.00 NY Merc Silver $17.370 $17.255
(RTTNews) - During early trading on Tuesday, the US dollar extended its Asian session rally against the currencies of Europe and Switzerland.
Nov. 20 (Bloomberg) -- Gold futures dropped as the dollar’s rebound curbed demand for the precious metal as an alternative investment. The dollar gained as much as 0.8 percent against a basket of major currencies as short-term Treasuries climbed and equities fell.
Nov. 20 (Bloomberg) -- The rand fell, extending its first weekly decline in three, as South African labor unions, politicians and the central bank raised concerns that the currency’s 25 percent rally this year was harming the economy.
The British Pound weakened against the greenback for the fourth day and slipped below the 20-Day SMA (1.6580) to a low 1.6516 during the European trade, and the currency may face increased selling pressures going into the North American session as investors scale back their appetite for risk.
Nov. 20 (Bloomberg) -- The yen and dollar advanced against all of the other major currencies tracked by Bloomberg as a drop in U.S. stock-index futures deterred demand for riskier assets.
Nov. 20 (Bloomberg) -- The dollar may decline to an 11- month low of about 87 yen, according to Tokai Tokyo Securities Co., citing trading patterns. The dollar is poised to keep weakening as it remains below its 5-, 20- and 90-day moving averages, said Yoh Nihei , a Tokyo- based trading group manager at Tokai Tokyo.
NEW YORK - The safe-haven dollar kept rising Friday and Treasury yields hovered around their lows for the year as worries about the economy in 2010 continued to weigh on traders' taste for risky bets.
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