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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.
Dec. 2 (Bloomberg) -- Yen volatility versus the dollar dropped for a third day as options traders added to bets that Japan will step in to weaken its currency, reducing the size of price swings.
The move comes as the bank has been facing strong pressure from the government to respond aggressively to deflation and a rise in the yen’s value.
(RTTNews) - Wednesday, the dollar showed mixed trading against its major counterparts as investors look forward to the ADP National Employment report, which shed lights on non-farm private unemployment numbers for November, to assess the real pace of economic recovery in the U.S.
(RTTNews) - After hitting a new multi-day high of 1.5099 at about 9:00 am ET, the European single currency traded lower in New York mid-day trading on Tuesday. As of now, the euro-franc pair is trading near 1.5078, compared to yesterday's closing values of 1.5087.
The euro was slightly lower on Friday after the European Central Bank left interest rates steady and predicted an uneven economic recovery.
The Canadian dollar rose to a one-week high against the U.S. dollar on Wednesday after the Russian central bank said it was preparing to invest some of its foreign exchange reserves in the Canadian currency.
Nov. 30 (Bloomberg) -- Norway’s krone posted its first monthly decline versus the euro since June amid concern that Dubai’s plan to postpone debt repayments will delay an economic recovery, making investors wary of less-traded currencies.
NEW YORK (AP) -- Key currency exchange rates Friday, compared with late Thursday in New York: Dollar vs: Exchange Rate Pvs Day Yen 86.70 86.49 Euro$1.4954 $1.5007 Pound$1.6479 $1.6507 Swiss franc 0.0065 1.0032 Canadian dollar 1.0623 1.0598 Mexican peso12.9200 13.0050 Metal Price (troy oz.) Pvs Day NY Merc Gold $1174.20 $1165.50 NY HSBC Bank US $1172.00 $1188.00 NY Merc Silver $18.302 $18.768
(Corrects yen figure to versus euro in fourth paragraph.) Nov. 30 (Bloomberg) -- The yen dropped against higher- yielding currencies after the United Arab Emirates’ central bank said it “stands behind” the country’s banks, easing concerns about a possible default by state-owned Dubai World.
Dec. 4 (Bloomberg) -- Gold may advance on speculation investors and central banks will buy the metal as an alternative to a weakening dollar, a survey showed.
Dec. 1 (Bloomberg) -- French President Nicolas Sarkozy said the dollar drop against the euro is hurting the European economy, and called for the emergence of a “multi-currency” world to end the dominance of the U.S. currency.
The dollar was under pressure versus major rivals in early U.S. trading hours Thursday, after jobless claims in the U.S. unexpectedly declined in the latest week.
The euro rose against the dollar Tuesday as investors weighed the Bank of Japan's decision to provide markets with more liquidity and looked forward to other central bank events later in the week.
NAGOYA, Japan -(Dow Jones)- Japan's central bank governor said Monday that the central bank is seriously watching the impact of the recent stronger yen on the broad economy, and that more stability in the currency market would be desirable.
Dec. 1 (Bloomberg) -- Australia’s dollar weakened after the central bank raised the benchmark interest rate and said “inflation should continue to moderate,” indicating policy makers may temper the pace of further increases in borrowing costs.
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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