Search Results for 'US'

N.Z. Dollar May Fall as Housing Woes Spur Exit From Risky Be...

The New Zealand dollar may decline today as concerns return about the U.S. subprime mortgage market, deterring traders from riskier investments such as the carry trade.The trade, where investors borrow cheaply in yen to invest in higher-yie [...]

Posted On : Aug, 06 2007 | Comments : 0

US dollar and equities recover but bond yields continue to s...

It is earnings season and this appears to be cushioning the fall in both the US dollar and the Dow. Stocks clawed their way back into positive territory in the late US trading session after the market digested the more optimistic Federal Re [...]

Posted On : Aug, 06 2007 | Comments : 0

Weak housing numbers weight on British pound

The British pound sold off for the second day in a row on the back of weak housing market data. Nationwide house prices increased only 0.1 per cent in July, dragging the annualised pace of price growth down to 9.9 per cent from 11.1 per cen [...]

Posted On : Aug, 05 2007 | Comments : 0

: Details of US Senate Finance currency bill

The Senate Finance Committee voted on Thursday on a bill to give the US Treasury Department new tools to pressure countries with “fundamentally misaligned currencies.”The legislation is directed primarily at China, although no c [...]

Posted On : Jul, 28 2007 | Comments : 0

More Gains in Store for the Australian Dollar, Finance Minis...

The Australian dollar climbed to new highs against the US dollar despite the lack of economic data. Big investors here in the US and in Japan continued to plow into the currency on expectations that the Reserve Bank of Australia may raise [...]

Posted On : Jul, 26 2007 | Comments : 0

US Treasury's Paulson in China next week as Senate mulls cur...

S Treasury Secretary Henry Paulson will travel to China next week to meet with President Hu Jintao and other top Chinese officials about lingering economic disputes and the environment, the Treasury Department said today.Just hours after Tr [...]

Posted On : Jul, 25 2007 | Comments : 0

Carry Trades Still Staying Afloat; Bernanke Focuses on USD/J...

Yesterday we said that carry traders haven't given up yet and today that continues to be true. The rebound in the Dow Jones Industrial Average has helped to take AUD/JPY to a fresh 17 year high and keep EUR/JPY, USD/JPY NZD/JPY and CAD/JP [...]

Posted On : Jul, 22 2007 | Comments : 0

US Dollar: Waiting for the Next Big Catalyst, What Could it ...

As a big proponent of transparency, Federal Reserve Chairman Ben Bernanke had no surprises for the market when he delivered his testimony on the economy and monetary policy to the Senate today. The question and answer session continued to [...]

Posted On : Jul, 21 2007 | Comments : 0

Euro hits new high against dollar, pound near US$2.06

Euro hits new high against dollar, pound near US$2.06

The euro hit another record high against the sinking U.S. dollar on Friday amid concerns that the 13-nation currency's strength could harm Europe's economy in the long term.The euro reached US$1.3843, surpassing its previous high of US$1.38 [...]

Posted On : Jul, 21 2007 | Comments : 0

Australia Dollar Heads for Fifth Weekly Gain on Commodity Ra...

Australia's dollar traded near an 18-year high versus the U.S. currency and the strongest in 16 years against the yen as prices rose for the nation's commodity exports and investors were lured to higher yielding assets.The currency headed f [...]

Posted On : Jul, 20 2007 | Comments : 0

Australian Dollar Hits 16 Year, New Zealand Dollar Stages St...

It is clear that the market is still hungry for yield because the New Zealand dollar staged a very strong recovery today while the Australian dollar hit a 16 year high despite weaker consumer confidence. Australian employment figures ar [...]

Posted On : Jul, 19 2007 | Comments : 0

Jaiprakash Associates raises 400 mln usd via foreign currenc...

India's Jaiprakash Associates Ltd said it has raised 400 mln usd via a fully subscribed issue of zero coupon foreign currency convertible bonds, which mature in September 2012.The 300 mln usd issue, which opened yesterday, had a greenshoe o [...]

Posted On : Jul, 17 2007 | Comments : 0

Currency: Dollar soars above US79c

The New Zealand dollar soared more than half a US cent to a fresh 22-year post-float high today, after strong inflation data raised the odds of an interest rate hike this month.The kiwi rose from US78.59 to briefly above US79c, following se [...]

Posted On : Jul, 16 2007 | Comments : 0

Australian Dollar Rises to 16-Year High Versus Yen on Yield

Australian Dollar Rises to 16-Year High Versus Yen on Yield

The Australian dollar rose to a 16- year high against the yen on speculation strengthening global growth will give investors confidence to buy higher-yielding currencies with funds borrowed in Japan, so-called carry trades.The currency also [...]

Posted On : Jul, 09 2007 | Comments : 0

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