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Dec. 3 (Bloomberg) -- Chile’s peso fell to the lowest in almost two weeks after a central bank board member reiterated the bank doesn’t rule out intervening in the foreign-exchange market to rein in the currency’s 27 percent advance this year.
The euro rose above $1.51 on Thursday as investors waited for clues from the European Central Bank on how it will start unwinding measures that have provided the financial sector with extra liquidity.
Tokyo - Stocks in Tokyo surged in Thursday morning trading as the yen lost ground against the dollar and the euro. The benchmark Nikkei 225 Stock Average index gained 219.47 points, or 2.28 per cent, to stand at 9,828.41, while the broader-based Topi...
The dollar makes modest gains against most major rivals in Asian trading Friday.
Dec. 3 (Bloomberg) -- Mexico’s peso rose to a 13-month high on speculation accelerating inflation will prompt the central bank to increase interest rates earlier than estimated.
Dec. 3 (Bloomberg) -- Mexico’s peso gained for a third day on speculation accelerating inflation will prompt the central bank to increase interest rates earlier than estimated.
LONDON (SHARECAST) - The pound lost ground against its basket of currencies including the Euro and the dollar today, after UK PMI came in slightly less than expected, and the European Central Bank adopted an upbeat outlook for the Euro zone going into 2010.
(RTTNews) - During early Asian trading on Thursday, the Canadian dollar showed weakness against the European common currency. The loonie slipped to a 2-day low of 1.5844 against the euro around 8:15 pm ET, compared to 1.5816 hit late New York Wednesday.
Dec. 3 (Bloomberg) -- The U.S. dollar will extend its drop versus the euro and reach parity with Australia’s dollar in 2010 before “aggressive” interest-rate increases by the Federal Reserve boost the greenback, BT Investment Management said.
Dec. 4 (Bloomberg) -- The euro may rise after posting its biggest gain in a month versus the yen as European Central Bank President Jean-Claude Trichet announced the first steps toward scaling back emergency stimulus lending.
Dec. 3 (Bloomberg) -- The yen may strengthen to a record 74 to the dollar by 2011 because the Bank of Japan hasn’t done enough to combat deflation, said Eishi Wakabayashi , a strategist who forecast the yen’s surge to an all-time high in April 1995.
Dec. 2 (Bloomberg) -- Gold advanced to a record for a second straight day as investors sought to protect their wealth against a slumping dollar. Bullion has risen 37 percent this year as the dollar has dropped 8.4 percent against a basket of six major currencies including the yen and the euro.
Dec. 3 (Bloomberg) -- Crude oil rose above $77 a barrel in New York as the dollar weakened, spurring investor demand for commodities as a hedge against inflation.
(RTTNews) - The European single currency pared recent highs against major opponents during New York mid-day trading on Thursday. The euro gained after the European Central Bank held its key interest rate unchanged at a record low of 1% for a seventh straight month.
Dec. 3 (Bloomberg) -- Crude oil traded near $77 a barrel in New York as the dollar weakened, spurring investor demand for commodities as a hedge against inflation.
Japanese shares rose Wednesday, but gains were limited as investors turned skeptical over whether emergency steps by the central bank would help spur a recovery in the world's second largest economy.
Last week, I opined on the official US forex policy ( “Strong ...
My last update on the Japanese Yen was published on October 16 ...
The big story of the week was the announcement by Dubai World, ...
Karl Marx would be pleased…well, maybe not. In any event, ...
US economic officials have been busy of late, propagating the “Strong ...
Subtle title, right? I couldn’t resist, considering that ...
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