Blogs Posts in Currency Rates category; 387 blog posts

Dollar is world currency "for a reason": Paulson

Currency Treasury Secretary Henry Paulson on Friday defended the dollar's status as the world's reserve currency, saying the U.S. economy's strength, openness and competitiveness would "shine through" the current market turm [...]

Posted On : Nov, 10 2007 | Comments : 0

Dollar May Extend Decline as Fed Rate Cut Spurs Risky Bets

The dollar and the yen may extend declines against the euro on speculation the Federal Reserve's second interest-rate cut in two months will keep the global economy from stalling, spurring risky bets.The dollar sank to an all-time against t [...]

Posted On : Nov, 01 2007 | Comments : 0

Canadian Dollar Rises to 47-Year High Before U.S. Rate Decis...

Canada's dollar rose to the highest since 1960 before the Federal Reserve's interest-rate meeting where economists forecast borrowing costs will be cut to prevent the world's largest economy from falling into a recession.Canada's dollar ros [...]

Posted On : Oct, 31 2007 | Comments : 0

Australian, N.Z. Dollars Fall on Prospect of Smaller Fed Cut

Australia's dollar fell from a 23- year high and New Zealand's currency declined as traders pared bets the U.S. will lower interest rates by a half percentage point tomorrow.The Federal Reserve will reduce its target rate to 4.50 percent fr [...]

Posted On : Oct, 30 2007 | Comments : 0

Dollar Falls to Record Low Versus Euro on Bets Fed to Cut Ra...

The dollar fell to a record low against the euro on speculation the Federal Reserve will cut interest rates this week to prevent the worst U.S. housing slump in 16 years from slowing the economy.The U.S. currency slid to its weakest in 33 y [...]

Posted On : Oct, 29 2007 | Comments : 0

Australian Dollar Trades Little Changed Before Jobs Release

The Australian dollar was little changed before a government report today forecast by economists to show employers hired extra workers for an 11th straight month in September.The currency is the second-biggest gainer among its 16 most- trad [...]

Posted On : Oct, 11 2007 | Comments : 0

Euro Declines Before G-7 Meeting as Officials Discourage Gai...

The euro fell to the lowest in more than two weeks against the dollar and declined against the yen as European finance ministers said the currency is appreciating too rapidly.Luxembourg Prime Minister Jean-Claude Juncker said yesterday the [...]

Posted On : Oct, 09 2007 | Comments : 0

Canadian Dollar Rises to 31-Year High as Job Growth Accelera...

Canada's dollar rose to a 31-year high and government bonds fell after a report showed unemployment dropped to a three-decade low, bolstering expectations the Bank of Canada will keep interest rates steady.Investors bought the currency af [...]

Posted On : Oct, 06 2007 | Comments : 0

Dollar Set for Weekly Gain; U.S. Payrolls May Dim Rate-Cut O...

The dollar headed for the first weekly gain versus the euro since August on speculation a U.S. government report will show hiring rebounded, weakening the Federal Reserve's case for further interest-rate cuts.The dollar has strengthen [...]