Dollar, Yen Gain as Japan Stocks Decline on Capital Raisings; Kiwi Weakens Nov 19, 2009
3 percent versus the euro to $1 ... 6 percent against the 16-nation European currency to 132 ... 3 percent in the euro region. (Bloomberg -- Asia)
Euro lower at $1.4880 in European morning trade Nov 19, 2009
4880 in European morning trade - NewsFlash - OregonLive ... 4880 in European morning trade ... (AP) FRANKFURT - The euro fell against the dollar Thursday after failing to break through the $1. (OregonLive, OR -- Business)
Dollar doing the right thing Nov 19, 2009
One of these, Ricardo, using a mens magazine in a manner for which it was not designed to be used by teenage boys, that is, actually reading it, reported, "Three international banks predict dire consequences for the European Community if the dollar takes a sudden plunge." ... From the highs of the late summer 2008 to late winter 2009 US dollar rally, the dollar has fallen, and the euro has risen, from just under 1 ... 27 against the euro to around 1. (Asia Times Online)
Stronger Dollar Weakens Gold, Equities Slip Nov 19, 2009
Gold edged down as the dollar gained some ground against the euro and other major currencies, taking a breather after hitting a record above $1,150 per ounce the previous day ... The dollar rebounded the against the euro and the yen gained against high-yield currencies as investors, spooked by weaker equities performance and fears of capital controls in emerging markets, unwound positions in riskier assets. (ABC News -- Business)
Yen, Dollar Rise Versus Euro as Banking Concerns Boost Demand for Safety Nov 19, 2009
Nov. 19 (Bloomberg) -- The yen and the dollar strengthened against the euro as stock markets fell, boosting demand for the perceived safety of the Japanese and U.S. currencies ... 34 per euro as of 8:38 a.m. in London, the strongest level since Nov. 3, from 133 ... 4869 against the euro, from $1. (Bloomberg -- Japan)
Gold hits record near $1 150 an ounce as dollar slips Nov 19, 2009
In non-US dollar terms, gold also climbed, hitting multi-month highs when priced in the euro, sterling and the Australian dollar ... 37 percent, while the euro/dollar exchange rate firmed ... Gold rose in currencies other than the US currencies, reaching its highest since late February in euro terms, since early March in sterling terms, and since early May when priced in the Australian dollar. (Business Report, South Africa)
Dollar dips on profit-taking Nov 18, 2009
Societe Generale said it favoured the Aussie against the euro and the New Zealand dollar. One trader said currency trading desks at Asian banks were the dominant sellers on Wednesday. (Sydney Morning Herald -- Business)
Asia stocks mixed amid caution; Europe gains Nov 18, 2009
European shares rose modestly in early trade. Gold, meanwhile, set another record high and crude oil prices strengthened as the dollar resumed its slide, falling against the yen and the euro ... Early going in Europe, Britain's FTSE 100 rose 0. (WCAX.com, VT)
EADS core profit down 77% Nov 18, 2009
Core earnings of 201 million euros (US$301mil) beat forecasts but Europes largest aerospace group passed on full-year guidance, citing uncertainty over the impact of delays to the A400M and A380 programmes on the fourth quarter ... 1 billion euros at the end of the third quarter, unchanged since the end of the first half ... It is indeed probably one of our biggest headaches today the level of the euro/dollar, chief financial officer Hans Peter Ring told a conference call. (The Star Online, Malaysia -- Business)
Eurozone trade surplus stands at $5.5 bln in September Nov 18, 2009
Eurozone trade surplus stands at $5 ... Eurozone trade surplus stands at $5 ... BRUSSELS, Nov. 17 (Xinhua) -- The Eurozone trade surplus with the rest of the world stood at 3. (Xinhuanet, China)
Oil Rises for Third Day as U.S. Supplies Drop; Asia Stocks Decline on HSBC Nov 18, 2009
In Hong Kong, HSBC, Europes largest lender, lost 1 ... The yen retreated from near a two-week high versus the euro on speculation U.S. government reports will show housing starts rose and building permits gained last month ... The U.K. currency was near a two-month high against the euro before the Bank of releases minutes of its Nov. 5 meeting where policy makers expanded their asset-buying program by 25 billion pounds ($42 billion) to 200 billion pounds. (Bloomberg -- Asia)
Dollar Woes Are Good News for Europe's Markets Nov 18, 2009
Dollar Woes Are Good News for Europes Markets: Matthew Lynn - Bloomberg ... Dollar Woes Are Good News for Europes Markets: Matthew Lynn ... In Europe, the dollars depreciation is often presented as a threat. (Bloomberg -- Columnists)
Yen Near Five-Week High as Stock Drop, Bank Concerns Boost Safety Demand Nov 18, 2009
The U.K. currency was near a two-month peak against the euro before the releases today the minutes of its Nov. 5 meeting, where policy makers expanded their asset- buying program by 25 billion pounds ($42 billion) to 200 billion pounds ... 80 per euro after climbing as high as 132 ... 4895 per euro from $1. (Bloomberg -- Japan)
* Fed seeking to ensure strong US dollar Nov 18, 2009
Bernankes comments caused a brief jump in the value of the greenback against the euro, which has been rising the most against the dollar. The euro fell from US$1 ... European officials have also complained about the weakening dollar. (Taipei Times, Taiwan -- World)
Novel idea to fight poverty is ignored Nov 18, 2009
005 percent on currency exchanges between the U.S. dollar, the yen, the euro and the British pound, a CTL could generate up to $33 billion in additional funds each year to help the world s poorest ... A bungalow, built in 1992, takes a modern approach to the interior design with some European flair. (Atlanta Journal-Constitution -- Opinion)
Gold hits another high, Asian shares rebound Nov 18, 2009
The dollar rose as investors trimmed short positions after euro zone economic policymakers followed US Federal Reserve Chairman Ben Bernanke in commenting about the merits of a strong dollar, but dealers said the rebound would likely be limited. "It's going to be hard for the dollar to gain further, since it looks like that the US will keep its low interest rate policy for a while," said Tomohiro Nishida, treasury department manager at Chuo Mitsui Trust and Banking Company in Tokyo. (India Times)
Just the facts Nov 17, 2009
The implied yield on December 2010 eurodollar futures dropped 8 bps to 1 ... November 9 - Bloomberg (John Fraher and Shobhana Chandra): "The International Monetary Fund signalled record low US interest rates are funding global 'carry trades' and the dollar is still overvalued as concerns mount that new financial imbalances are forming. 'There are indications that the US dollar is now serving as the funding currency for carry trades,' the IMF said ... 'These trades may be contributing to upward... (Asia Times Online)
Prospecting for gold Nov 17, 2009
A jump in inflation would reduce the buying power of paper currencies like the $US, the euro, the yen, the $A, creating demand for gold as a hedge against such an eventuality ... Europes economy looks worse than the US and European banks are more highly geared than American banks. (Sydney Morning Herald -- Business)
Low Rates: Steroids for the Rally? Nov 17, 2009
A euro is now worth almost $1. 50, up sharply from $1. (BusinessWeek)
Asia Stocks, Commodities Fall as Bernanke Says Economy Faces `Headwinds' Nov 17, 2009
The euro weakened against the yen for a fourth day and declined versus the dollar after , the managing director of the International Monetary Fund, said a global recovery is likely to be sluggish. The dollar index against six major currencies including the euro and the yen was at 74. (Bloomberg -- Asia)
Fed 'attentive' to US dollar drop Nov 17, 2009
4% versus the euro so far this year. The comments are unusual, as the Fed rarely talks about the value of the US dollar. (BBC News -- Americas)
Dollar Slides After Bernanke Pledges to Hold Rates Nov 17, 2009
The 16-nation euro slid to $1. 4878, later spiking above the psychologically significant $1. (Newsmax)
Euro Weakens as IMF Says Global Recovery May Be Sluggish, Stocks Decline Nov 17, 2009
Euro Weakens as IMF Says Recovery May Be Sluggish, Stocks Drop - Bloomberg ... Euro Weakens as IMF Says Recovery May Be Sluggish, Stocks Drop ... Nov. 17 (Bloomberg) -- The euro weakened against the yen for a fourth day and slipped against the dollar after an International Monetary Fund official said the global economic recovery may be sluggish and Asian stocks fell. (Bloomberg -- Japan)
EasyJet Full-Year Net Income Tumbles 14%, Hit by Increasing Fuel Costs Nov 17, 2009
Nov. 17 (Bloomberg) -- , Europes second-biggest discount airline, said full-year profit fell 14 percent as rising fuel costs more than offset growth in passenger numbers ... Europes largest discount airline, and EasyJet have increased passenger numbers this year, in contrast to network carriers such as , as the recession encourages travelers in the region to seek cheaper fares ... The company was one of the very few European airlines to make a profit during this last 12 recessionary... (Bloomberg -- UK)
Fed 'attentive' to dollar, but no action appears imminent Nov 17, 2009
The dollar has declined 16% against the euro since early March. Bernanke said he expects "moderate" economic growth next year, adding he believes the recent surge "reflects more than purely temporary factors." Yet, he said the economy faces "important headwinds," especially constricted bank lending and a weak job market that likely will keep the expansion from being "as robust as we would hope.". (USA Today -- Money)
Will Beijing strengthen yuan? Nov 17, 2009
Bill O'Neill, Portfolio Strategist at Merrill Lynch Wealth Management, EMEA, says: "A turn in the dollar against the euro as a consequence of reduced Chinese reserve accumulation would have enormous repercussions for markets from commodities through to credit. "We do not expect to see a move by China before year end, but merely the hint of a shift in currency policy could be enough to take some of the fuel out of the steamroller, forcing the dollar lower and cyclical assets higher. " One thing... (CNN -- International)
Buck doesn't stop here: Bernanke Nov 17, 2009
Here's the bad news: The euro is now worth $1 ... Here's the bad news: The euro is now worth $1. (New York Post -- Business)
Re near 1-month high on weak $ Nov 16, 2009
The dollar drifted lower on Monday and the euro edged up as rhetoric over China's yuan currency policy increased, although market speculation of any near-term yuan appreciation receded. Shares rose more than a per cent, to their highest in more than three weeks, led by gains in banks and supported by strength in Asian markets. (India Times)
Obama Says U.S. Trade With China Creates Jobs, Prosperity for Both Nations Nov 16, 2009
The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against six currencies including the euro and yen, extended a two-week drop, trading at 75. 060. (Bloomberg -- Asia)
Bubble trouble looms Nov 16, 2009
While lower interest rates will help Americans pare debt, ``there are also risks involved in continued low rates,'' Shirakawa said today at a Paris Europlace Financial Forum in Tokyo ... The dollar fell against most of its major counterparts at the end of last week as a report showed the euro nations emerged from their worst recession since World War II, encouraging investors to buy higher-yielding assets. (Sydney Morning Herald -- Business)
Gold's rally have some targeting $US1300 Nov 16, 2009
4952 per euro from $US1. 4903 on Nov. 13 in New York. (Sydney Morning Herald -- Business)
Cross my palm with euros? Nov 16, 2009
Reserve currencies: Cross my palm with euros ... Cross my palm with euros ... Over time, the euro and China s yuan (if it became convertible) could emerge as competitors. (The Economist)
The International Monetary System: Reforms to Enhance Stability and Governance, International Finance Forum, By Dominique Strauss-Kahn Nov 16, 2009
In euro area economies and Japan, competition in product and labor markets should be increased ... Some call for the creation of a new world reserve currency, possibly based on the Special Drawing Right (or SDR) the composite currency issued by the IMF. Another possibility is for a multi-reserve currency system to emerge, with the euro, the yen, and the renminbi perhaps serving as co-equal anchors. (IMF News)
China, Japan Policymakers Say Fed's Low-Rate Policy May Fuel Asset Bubbles Nov 16, 2009
The dollar fell against most of its major counterparts at the end of last week as a report showed the euro nations emerged from their worst recession since World War II, encouraging investors to buy higher-yielding assets ... The dollar, which has declined more than 5 percent against the yen and euro in the past three months, also weakened on speculation Federal Reserve officials will today reaffirm the banks pledge to keep rates low to support growth. (Bloomberg -- Asia)
Dollar becomes focus of many investors' strategy; here's why Nov 16, 2009
U.S. goods cost less for foreigners, which boosts sales; and sales made in pricier currencies, such as the euro, equal fatter profits for U.S. firms when translated back to dollars. Companies in the Standard & Poor's 500 index that garner more than half of their sales outside the U.S. have gained almost 50% this year, vs. a rise of 21% for stocks who companies generate all their sales at home, says Bespoke Investment Group. (USA Today -- Money)
Swaps Signal Worst Yen Since '05 as Mounting Debt Overwhelms Market Demand Nov 16, 2009
We went short the yen against the dollar and the euro about a month ago and then turned more aggressive on the trade as credit-default swaps rose and investors dumped Japanese bonds, he said, declining to specify the firms gains. Selling yen for euros and dollars would have returned as much as 4. (Bloomberg -- Japan)
China's Liu Says U.S. Interest Rates, Dollar Decline Causing Speculation Nov 15, 2009
The dollar fell against most of its major counterparts as a report showed the euro nations emerged from their worst recession since World War II, encouraging investors to buy higher-yielding assets. The euro advanced for a second week against the dollar and approached its highest level since August 2008 before stalling just short of $1. (Bloomberg -- Asia)
Sinking dollar overwhelms central banks in Brazil, Korea and Russia Nov 15, 2009
Intercontinental Exchange's US dollar index, which tracks the currency's performance against the euro, yen, pound, Canadian dollar, Swiss franc and Swedish krona, touched 74. 774 on Wednesday, the lowest level since August last year, and has fallen 16 percent from the high this year of 89. (Business Report, South Africa)
Pound Climbs Against Dollar for Third Week on Signs U.K. Recession Easing Nov 15, 2009
The pound was little changed against the euro as the Office for National Statistics said on Nov. 11 claims for jobless benefits increased by 12,900 in October, the slowest rate since April 2008 and less than the 20,000 estimated in a Bloomberg survey ... The pound has advanced 14 percent against the dollar this year and 7 percent against the European common currency. (Bloomberg -- UK)
Dollar Drops as Europe's Economic Optimism Spurs Demand for Higher Yields Nov 15, 2009
Dollar Falls as Evidence of Europes Recovery Spurs Risk Demand - Bloomberg ... Dollar Falls as Evidence of Europes Recovery Spurs Risk Demand ... Nov. 14 (Bloomberg) -- The dollar fell against most of its major counterparts as a report showed the euro nations emerged from their worst recession since World War II, encouraging investors to buy higher-yielding assets. (Bloomberg -- US)
Canada Dollar Strengthens to One-Month High on Economic Recovery Outlook Nov 15, 2009
Canadas trade deficit narrowed in September more than forecast, the U.S.s trade gap widened as that nations economy gained and the euro-area economy emerged in the third quarter from its worst recession since World War II, according to reports released yesterday ... in the economy of the 16 nations that use the euro rose 0 ... 2 percent, the European Unions statistics office in Luxembourg said. (Bloomberg -- Canada)
US stocks advance Nov 15, 2009
Stocks in Europe advanced as the euro region's economy emerged from recession in the third quarter ... Liberty Global Inc., the international cable company controlled by billionaire John Malone, agreed to buy Unitymedia GmbH for about 2 billion euros ($US2 ... Asia will lead the recovery, followed by the US and then Europe, he said in Singapore today. (Sydney Morning Herald -- Business)
German Economy Expanded by 0.7% in Third Quarter as Recovery Gathered Pace Nov 14, 2009
Chancellor government is spending 85 billion euros ($126 billion) to haul Europes largest economy out of its worst recession since World War II. Germanys recovery probably helped the 16-nation euro area return to growth in the third quarter. the European Unions statistics arm in Luxembourg, publishes data for the region at 11 a.m. today ... Taking the French data into account, the euro area will still post a pretty solid reading, although probably not as strong as some might have... (Bloomberg -- Germany)
Euro-Area Economy Returns to Growth With 0.4% Expansion in Third Quarter Nov 14, 2009
Europes Economy Emerges From Recession on Exports (Update2) - Bloomberg ... Europes Economy Emerges From Recession on Exports (Update2) ... Nov. 13 (Bloomberg) -- The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from and helped compensate for households reluctance to increase spending. (Bloomberg -- Germany)
Exports tug euro-zone out of recession Nov 14, 2009
The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from Germany and France helped compensate for households' reluctance to increase spending. Gross domestic product in the economy of the 16 nations using the euro rose 0 ... 2 per cent, the European Union's statistics office in Luxembourg said Friday. (Sydney Morning Herald -- Business)
Hot money may threaten emerging market stability: IMF Nov 14, 2009
"Many Asian currencies are still undervalued related to those of their major trading partners, while the euro is somewhat overvalued on this basis.". "In my view, the region should not resist a gradual appreciation of its exchange rates, which I consider an important prerequisite for long-term rebalancing." He reiterated that while the world economy had turned a corner after the crisis, the recovery was still fragile. (India Times)
Canada's Dollar Advances on Speculation Global Recovery Gaining Momentum Nov 14, 2009
The U.S.s trade deficit widened as its economy gained, and a European Union report showed the euro-area economy emerged in the third quarter from its worst recession since World War II. Stocks rose ... in the economy of the 16 nations that use the euro rose 0. (Bloomberg -- Canada)
MTI Global Reports 2009 Third Quarter Results Nov 14, 2009
This is primarily due to a change in product mix and customer production delays offset by an increase of approximately $10,000 due to the appreciation in the Euro relative to the Canadian dollar. The gross margin for the nine months ended September 30, 2009 was $6. (CCNMatthews Press Releases)
Cedi appreciates against Euro, CFA but. Nov 14, 2009
Cedi appreciates against Euro, CFA but ... 31 points on Friday as the cedi appreciated against the Euro and the CFA despite a fall to the UK Pound ... The Index is the composite measure of the value of the Ghana cedi against the Dollar, Pound, CFA and the Euro. (Ghana Web, Ghana)
Europe crawls out of recession Nov 14, 2009
Europe has crawled out of recession but analysts say the economic recovery is disappointing, fraught with obstacles and of scant consolation to the millions of unemployed ... Both the 16 nation eurozone and the 27 nation European Union - home to half a billion people - posted expansions of 0 ... Analysts, who had forecast eurozone growth of 0. (Sydney Morning Herald -- Business)
Gold gains as greenback loses appeal Nov 14, 2009
Gold prices climbed to a second weekly gain as the US dollar fell against the euro, boosting demand for alternative assets ... 6 percent against the euro ... 4 percent against the euro this year. (Sydney Morning Herald -- Business)
Pound Advances as British Airways Merger Spurs Optimism Economy Improving Nov 14, 2009
23 pence per euro for a gain of 0 ... The pound has advanced 14 percent against the dollar this year and 7 percent against the European common currency. (Bloomberg -- UK)
U.S. dollar falls as Eurozone exits recession Nov 14, 2009
Dollar ends week lower as euro zone exits recession_English_Xinhua. Dollar ends week lower as euro zone exits recession ... NEW YORK, Nov. 13 (Xinhua) -- The dollar ended the week lower against major currencies as a growth of the euro zone economy boosted investors' risk appetite, which lacked support in previous sessions. (Xinhuanet, China)
Eurozone officially out of recession in third quarter Nov 14, 2009
BRUSSESL, Nov. 13 (Xinhua) -- The Eurozone economy was officially out of its first-ever recession in the third quarter of this year, the European Union (EU) said Friday. According to the EU's statistics office Eurostat, estimates showed that the combined economy of the 16-nation bloc that shares the euro grew by 0 ... Compared with the same period last year, the Eurozone economy decreased by 4. (Xinhuanet, China)
Geithner Lauds APEC's Currency Flexibility as China Praises Peg to Dollar Nov 13, 2009
Tensions over the yuans peg to the dollar may rise as European Central Bank President heads to Beijing in coming weeks to press for greater flexibility in the currency ... The currency has declined against other counterparts, including the euro, in lock-step with the dollar this year ... Its slide against counterparts from the yen to the euro this year has deepened speculation among investors that its status as the worlds dominant reserve currency may be lost. (Bloomberg -- Australia & New Zealand)
Asia Commodity Stocks Fall, Bonds Rise; China Shares Rally on Yuan Outlook Nov 13, 2009
4877 per euro after gaining 0. 9 percent yesterday as investors sold higher-yielding assets. (Bloomberg -- Asia)
World Bank 00004000president: inflation a risk to recovery Nov 13, 2009
The euro pushed back up above $1 ... The U.S. and European economies, which are barely starting to recover from the global meltdown, are less at risk, but in Asia the massive liquidity flowing into regional markets could push asset prices up dangerously high, Zoellick told a business forum on the sidelines of the Asia-Pacific Economic Cooperation forum. (Fresno Bee -- Business)
Vatican City Nov 13, 2009
Currency (code): euro (EUR). Exchange rates: euros per US dollar - 0 ... Fiscal year: calendar year europe headlines Spain Narrows Scope Of Cross-border Justice Law That Had Irked AlliesTurkish Police Detain 32 Suspected Of Planning Attacks On NATO And US, Israeli MissionsFrance: Quick Agreement Sought From Iran On Export Of Low-enriched Uranium To RussiaVaclav Havel: Czech President Is Damaging The Country By Not Signing The EU Reform Treaty world headlines Poverty Deepens In Honduras As Crisis... (CBS News -- Sci/Tech)
Dollar Decline Too Powerful for Brazil, Korea as Currency Reserves Mount Nov 13, 2009
Intercontinental Exchange Inc.s U.S. , which tracks the currencys performance against the euro, yen, pound, Canadian dollar, Swiss franc and Swedish krona, touched 74 ... Frances Finance Minister said in an interview in Singapore today that her government favors a strong dollar as an appreciating euro threatens to hurt European exports. (Bloomberg -- Latin America)
Yen, Dollar Weaken Versus Euro as Global Optimism Prompts Demand for Yield Nov 13, 2009
Nov. 13 (Bloomberg) -- The dollar and the yen fell against the euro as optimism the global economic recovery may gather momentum spurred investors to buy higher-yielding assets. The greenback declined for the first time in four days versus the euro after data from Germany showed its economic recovery accelerated and before a report forecast to show Europes gross domestic product expanded for the first time in six quarters ... Overall risk sentiment is strong, holding up demand for the euro... (Bloomberg -- Japan)
English Says Reluctant Consumers, Currency Slowing New Zealand's Recovery Nov 13, 2009
English and Reserve Bank Governor have said the New Zealand dollars gains reflect weakness in the U.S. currency, which has slid against counterparts from the yen to the euro this year as the Federal Reserve keeps interest rates at a record low and the economy remains sluggish. Weve all got an interest in where U.S. policy goes because at the moment the dollar looks like it is going to continue to depreciate, said English. (Bloomberg -- Australia & New Zealand)
Dollar rises against most major currencies Nov 13, 2009
NEW YORK, Nov. 12 (Xinhua) -- The U.S. dollar rose against most major currencies on Thursday as investors' risk appetite lacked support. Recent declines of the dollar sparked some worries that rising oil prices could hurt consumer spending and hinder economic growth. (Xinhuanet, China)
Dollar eases, lifting commodities; stocks tick up Nov 13, 2009
LONDON (Reuters) The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher ... 2-percent rise in Europe's FTSEurfirst 300 ... "The euro zone GDP data will be the main focus for today, and the euro could see some support if we get the confirmation that the euro zone has come out of recession," said Sverre Holbek, currency strategist at Danske Bank in Copenhagen. (Yahoo News -- Press Releases)
China's Yuan `Straitjacket' Risks Inflating Asset Bubbles as Growth Surges Nov 13, 2009
Calls for greater yuan fluctuations may further escalate when European officials including central bank President visit before year-end ... Its down 11 percent against the euro in that period. (Bloomberg)
Canada Dollar Rises to Highest Level in Almost Three Weeks on Growth View Nov 12, 2009
The U.S. dollar touched a 15-month low against the currencies of six major trading partners, including the euro, yen and loonie. The fell as far as 74. (Bloomberg -- Canada)
