Search Results for 'World'

WORLD FOREX: Dollar Dominates As Commodity Currencies Sell O...

The U.S. dollar is broadly higher late Monday morning on renewed risk aversion, with the commodity currencies such as the Canadian and Australian dollars in particular are selling off sharply as commodity prices recede. The euro has trimme [...]

Posted On : Jun, 23 2009 | Comments : 0

Yen, Dollar Rise on Iran Concern, World Bank Recession Forec...

The yen and the dollar gained as concern the political tension in Iran is worsening and a World Bank report saying the global recession will be deeper than earlier predicted fanned demand for the currencies as a refuge. The yen strengthene [...]

Posted On : Jun, 22 2009 | Comments : 0

WORLD FOREX - Dollar Up Vs Yen On Bond Flows Out Of Japan

The dollar is sharply higher against the yen Thursday morning on investment flows out of Japan, but currency markets overall are lacking in direction as traders wait for another U.S. Treasury auction later in the session. Japanese buying o [...]

Posted On : May, 29 2009 | Comments : 0

China's yuan 'set to usurp US dollar' as world's reserve cur...

Professor Roubini, of New York University's Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan's ascendance. Known as "Dr Doom" for his n [...]

Posted On : May, 15 2009 | Comments : 0

On top of the world

The rand has become an emerging market currency of choice. But how long will it be in vogue? A new government, extreme global uncertainty and a swine flu scare have not been enough to dampen SA's high-flying currency. The rand, trading just [...]

Posted On : May, 09 2009 | Comments : 0

WORLD FOREX- Euro, Aussie Rise Ahead Of Central Bk Meetings...

The euro rose against the U.S. dollar and the yen in Asia Monday, driven by an uptick in risk appetite across global markets, but further gains may be limited by uncertainty ahead of a key meeting of the European Central Bank later this wee [...]

Posted On : May, 04 2009 | Comments : 0

China positioning its currency for a run at world supremacy

Reporting from Shanghai -- Could the world's currency of choice have the face of Mao Tse-tung on it, not George Washington? Quixotic or not, the Chinese are preparing for that day. In a series of what might be called baby steps, Chinese off [...]

Posted On : Apr, 22 2009 | Comments : 0

Precious Metals vs. a One-World Currency

An article on Reuters recently indicated a United Nations panel has decided much of the world would like to move away from the American currency as the world’s reserve currency. This panel wanted to look into a “basket of curren [...]

Posted On : Apr, 18 2009 | Comments : 0

WORLD FOREX: Yen Drops As Japan Data Whet Risk Appetite

The euro and dollar rose against the yen in Asia Thursday after better-than-expected Japan machinery orders data pushed up local share prices, increasing investors' risk appetite. Japan's core machinery orders rose 1.4% on month in February [...]

Posted On : Apr, 09 2009 | Comments : 0

WORLD FOREX: Yen At 5-Month Lows, Risk Outlook Improves

The dollar and euro advanced to about five-month highs against the yen Friday as risk appetite continued to heal. Uncertainty about Japan's economic outlook came to the forefront following a telling week for the U.S. and euro zone. Currenc [...]

Posted On : Apr, 04 2009 | Comments : 0

The Next Key World Currency

On August 15, 1971, then U.S. President Richard Nixon made an emergency declaration that rattled the global economy. He announced that Washington would not exchange gold for dollars and slapped a 10 percent surcharge on imports to help the [...]

Posted On : Mar, 26 2009 | Comments : 0

Dollar as worlds only reserve currency is illegal, Kazakhsta...

A new world currency must be created under the aegis of the United Nations Organization, Kazakhstan’s President Nursultan Nazarbayev stated during his speech at the 21st Congress of the Eurasian Association of Universities in Astana. [...]

Posted On : Mar, 11 2009 | Comments : 0

GLOBAL MARKETS-US dollar gains, world stocks slip

The U.S. dollar rallied to new high for the past month against the euro on Tuesday after news of the biggest contraction in the U.S. trade deficit in 12 years, and ahead of an expected interest rate cut by the European Central Bank later th [...]

Posted On : Jan, 14 2009 | Comments : 0

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 [...]