Blogs Posts in Exchange Rates category; 137 blog posts

European stocks falter on bank stress

European stocks stumbled as a sell-off in British bank shares wiped out early gains inspired by the U.S. Fed's 3/4 point interest rate cut, with liquidity concerns still hanging heavy over markets. The stock market losses spilled into curr [...]

Posted On : Mar, 19 2008 | Comments : 0

Sterling gains vs sickly dollar, sails above $2.03

Sterling strengthened against the sickly dollar on Thursday, taking advantage of the growing sense in financial markets that the Federal Reserve's recent actions to ease credit market strains will not work. The dollar sank to new lows agai [...]

Posted On : Mar, 13 2008 | Comments : 0

Dollar Declines on Speculation Fed Rescue Package Won't Succ...

The dollar fell on speculation the Federal Reserve's plan to provide funds to banks won't be enough to break the gridlock in interbank lending and stem credit losses. ``Read the need for such new measures as being a symptom of what ails t [...]

Posted On : Mar, 12 2008 | Comments : 0

Euro Rises to Record Against Dollar on Better German Sentime...

The euro rose to a record against the dollar after a private report showed investor confidence in Germany unexpectedly rose this month. Expectations among investors and analysts climbed for a second month in March, the ZEW Center fo [...]

Posted On : Mar, 11 2008 | Comments : 0

Dollar Falls as Traders Bet Fed to Accelerate Rate Reduction...

The dollar weakened against the euro and approached an eight-year low versus the yen as traders bet the Federal Reserve will lower interest rates by at least 75 basis points to avert a recession. The currency traded within a cent of a rec [...]

Posted On : Mar, 10 2008 | Comments : 0

US stocks head for lower open

U.S. stocks appeared headed for a lower open Tuesday after Intel Corp. reduced its fiscal first-quarter profit forecast, stirring concern about the health of corporate profits. The world's largest chipmaker cited a sharper-than-expected [...]

Posted On : Mar, 04 2008 | Comments : 0

Yen Rises From One-Month Low as Japanese Economy Accelerates

The yen rose against all 16 of the most-traded currencies after the Japanese economy expanded twice as fast as expected in the fourth quarter, led by overseas sales. Japan's currency recovered from a one-month low against the dollar as t [...]

Posted On : Feb, 14 2008 | Comments : 0

Canada's Dollar Falls as Carney Signals More Interest-Rate C...

Canada's dollar declined as the new central bank governor signaled the benchmark lending rate will be cut further, underlining the view that the economy will slow this year. Government bonds rose. The Canadian dollar fell back below par wi [...]

Posted On : Feb, 12 2008 | Comments : 0

Dollar sits tight before Fed and data

TOKYO, Jan 29 (Reuters) - The dollar was steady against major currencies on Tuesday, with market players bracing for a Federal Reserve meeting and a heavy week of U.S. data that will give more clarity on whether the economy is on the [...]

Posted On : Jan, 29 2008 | Comments : 0

Canada dollar edges lower, bonds rise as Fed looms

TORONTO, Jan 25 (Reuters) - The Canadian dollar eased slightly against the greenback on Friday, shaking off tamer than expected inflation data as oil and gold prices rose, and the market looked ahead to an expected U.S. interest ra [...]

Posted On : Jan, 26 2008 | Comments : 0

Yen Rises as Drop in Stocks Spurs Investors to Cut Carry Tra...

The yen rose against 15 of the 16 most-active currencies as a decline in Asian stocks spurred investors to cut holdings of higher-yielding assets funded in Japan. The Japanese currency gained versus the British pound and the Canadian dolla [...]

Posted On : Jan, 10 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 [...]