Search Results for 'US'

US, Europe, Japan drew up dollar rescue plan in March

The authorities in the United States, Europe and Japan drew up an emergency plan in March to rescue the plunging dollar if the currency went into freefall, a newspaper report said Thursday. The contingency plan, which was crafted amid US f [...]

Posted On : Aug, 28 2008 | Comments : 0

Singapore currency climbs to 2-day highs against US and Hong...

During early deals on Wednesday, the Singapore dollar showed strength against its major counterparts. The Singapore currency reached 2-day highs against the currencies of US and Hong Kong. In economic news, the Department of Statistics sa [...]

Posted On : Aug, 27 2008 | Comments : 0

Australian, New Zealand Dollars Advance on Commodities, Yiel...

The Australian and New Zealand dollars gained after commodities prices rose and traders bet their declines in the past month are overdone. The UBS Bloomberg Constant Maturity Commodity Index of 26 raw materials advanced for a third day, h [...]

Posted On : Aug, 21 2008 | Comments : 0

Aussie dollar's plunge continues

It's now the biggest imponderable for Australian business. Just as we seem to have pushed high oil prices and inflation to the back of the agenda with last week's Reserve Bank hint of a rate cut, possibly next month, the plunging value of t [...]

Posted On : Aug, 16 2008 | Comments : 0

New Zealand Currency Gains Versus Aussie Dollar on Rate Outl...

The New Zealand dollar rose to its highest in almost a month against the Australian currency after the Reserve Bank of Australia signaled yesterday it may begin to lower borrowing costs. New Zealand's currency, called the kiwi, gained aga [...]

Posted On : Aug, 06 2008 | Comments : 0

Aussie at 6-week lows on rate cut talk; bonds up

Aussie dumped on rising speculation of earlier rate cuts.RBNZ's dovish comments and softer commodites also drag * Bonds rise as futures price in two rate cuts.SYDNEY, July 30 (Reuters) - The Australian dollar fell to a six-week low on Wedn [...]

Posted On : Jul, 30 2008 | Comments : 0

Dollar stable versus euro, yen

The dollar steadied in European trading on Tuesday as worries about resurgent oil prices offset relief that major US banks' earnings were not so bad as feared, dealers said.Attention was also being given to the latest US house price index d [...]

Posted On : Jul, 23 2008 | Comments : 0

Dollar Falls Against Yen Before Housing, Durable Goods Data

The dollar declined against the yen for the first day in four on speculation reports on U.S. home sales and durable-goods orders will encourage the Federal Reserve to delay raising interest rates. The currency also traded near a record lo [...]

Posted On : Jul, 21 2008 | Comments : 0

Australian, N.Z. Dollars Head for Weekly Gain on Rate Advant...

The Australian and New Zealand dollars headed for weekly gains on speculation the nations will maintain their interest-rate advantage over the U.S. as the Federal Reserve may delay raising borrowing costs. The currencies climbed to the hi [...]

Posted On : Jun, 20 2008 | Comments : 0

Dollar Falls for Second Day Against Euro Before Housing Repo...

The dollar fell for a second day against the euro before government housing and inflation reports that may add to speculation the Federal Reserve will delay increasing interest rates. The currency declined from a four-month high versus th [...]

Posted On : Jun, 17 2008 | Comments : 0

Dollar mixed against major currencies on weak US manufacturi...

The dollar was mixed Monday against the other major currencies as stocks took a beating and U.S. manufacturing data indicated a contracting economy even though the figures turned out marginally better than expected. The 15-nation euro slip [...]

Posted On : Jun, 03 2008 | Comments : 0

InterContinental to Use Dollar as Reporting Currency

InterContinental Hotels Group Plc, owner of the Holiday Inn chain, will use the dollar to report results and calculate dividends because most of its sales are denominated in the currency or other monies linked to it. The switch away fro [...]

Posted On : May, 30 2008 | Comments : 0

Currency: NZ dollar powers back to US79c

The New Zealand dollar strengthened against all currencies today in a market thinned by holidays in the US and Europe. Against the greenback it powered up to US79c by the close against its US78.64c close yesterday. A Reserve Bank commissi [...]

Posted On : May, 27 2008 | Comments : 0

Dollar Declines Against Euro Before Housing, Sentiment Repor...

The dollar snapped three days of gains against the euro before reports that may show U.S. housing starts fell to a 17-year low and consumer confidence slumped to the weakest in 26 years. The U.S. currency pared its weekly advance versus t [...]