Blogs Posts in World Currency category; 587 blog posts

Bigger hit on Canada growth from U.S. possible

Bank of Canada Governor David Dodge said on Monday a slowdown of the U.S. economy in the first half of 2008 could have a worse impact on Canada's performance than was expected just a few months ago. "The downside risks to Canada from [...]

Posted On : Jan, 09 2008 | Comments : 0

Dollar Claws Back after Jobs Data Hit

The dollar strengthened on Monday as investors started the first full trading week of 2008 by trimming their bets against the currency, even though they still expect grim U.S. economic data to bring interest rates down further.The dollar's [...]

Posted On : Jan, 07 2008 | Comments : 0

Euro Trades Near 3-Week High Before German Unemployment Repo...

 The euro traded near the highest in three weeks against the dollar before a German report today that may show unemployment fell to the lowest in almost 15 years. The single European currency may gain for a third day against the dolla [...]

Posted On : Jan, 03 2008 | Comments : 0

Cyprus, Malta convert to euro as currency gains clout over s...

Branches in Nicosia and other major cities for a few hours Tuesday to exchange pounds for euros. No problems were reported.Finance Minister Michalis Sarris joined a line at a branch in the capital's Eleftheria Square.Just like many other pe [...]

Posted On : Jan, 02 2008 | Comments : 0

MUFG Sees Australian, N.Z. Dollars Gaining Versus Yen

The Australian and New Zealand dollars will rise against the yen as global investors put more money into the nations' higher-yielding short-dated bonds, said Osamu Takashima at Bank of Tokyo-Mitsubishi UFJ Ltd. Buying of the Australian d [...]

Posted On : Dec, 19 2007 | Comments : 0

Pound Peak Fuels Pessimism as Currency Mimics Dollar

just a month after rising to a 26- year high against the dollar, the British pound is starting to look more like the beleaguered U.S. currency.The pound weakened against 10 of the world's 16 most actively traded currencies since reaching $2 [...]

Posted On : Dec, 18 2007 | Comments : 0

Dollar Trades Near Seven-Week High Against Euro on Rate Outl...

The dollar traded near a seven-week high against the euro and climbed against Asian currencies as accelerating inflation restricted the U.S. Federal Reserves room for interest-rate cuts.The U.S. currency gained against 12 of the 17 major As [...]

Posted On : Dec, 17 2007 | Comments : 0

Christmas currency to peak at $51.7b - But growth slower tha...

The Bank of Jamaica says that it expects, on a net basis, to issue an additional $10.6 billion - up 15.8 per cent on last December - in cash to the Jamaican economy this month to help to facilitate the traditional Christmas shopping spree.B [...]

Posted On : Dec, 15 2007 | Comments : 0

Australia Dollar Falls as Investors Sell Higher-Yielding Ass...

The Australian dollar fell as investors sold higher-yielding assets on concern that credit- market losses will slow global economic growth.The currency declined for a third day as the rate Australian banks charge each other for loans rose t [...]

Posted On : Dec, 14 2007 | Comments : 0

Yen Near One-Month Low as Central Banks to Provide Liquidity...

the yen traded near a one-month low against the dollar after central banks led by the Federal Reserve announced a joint effort to ease the credit squeeze by encouraging short-term lending among financial institutions.The New Zealand dollar [...]

Posted On : Dec, 13 2007 | Comments : 0

Yen Falls as Japan Investors May Buy Assets Abroad With Bonu...

The yen fell against all 16 of the world's most-active currencies on speculation Japanese investors receiving their winter bonuses are sending money overseas to purchase higher-yielding assets.The currency dropped the most versus the New Ze [...]

Posted On : Dec, 12 2007 | Comments : 0

Dollar May Stay Steady Despite a Move by the Fed

 The dollar could remain range-bound against the euro this week, and not even tomorrow's interest-rate decision by the Federal Reserve may be enough to budge it.After shedding 11% of its value against the euro between mid-August and [...]

Posted On : Dec, 10 2007 | Comments : 0

Dollar falls against euro, pound

The dollar fell against the euro and the pound on Thursday after the Bank of England cut a key interest rate while the European Central Bank left borrowing cost unchanged.The Bank of England cut its key interest rate by a quarter-point to 5 [...]

Posted On : Dec, 07 2007 | Comments : 0