Search Results for 'po'

Dollar Strengthens Against Euro, Pound as Recovery Spurs Dem...

The dollar rose to a one-week high against the euro and climbed against the pound as signs the U.S. recovery is strengthening buoyed demand for assets in the world’s biggest economy. Britain’s currency also weakened after the Su [...]

Posted On : Jan, 04 2010 | Comments : 0

China should boost euro, yen in reserves - report

China should keep the dollar as the primary currency in its foreign exchange reserves but raise the share of euros and yen, a newspaper linked to the country's central bank said Monday. China should also control the size of its massive for [...]

Posted On : Oct, 26 2009 | Comments : 0

Australian, N.Z. Dollars Post Weekly Gains on Economic Outlo...

The Australian and New Zealand dollars posted their biggest weekly gains since at least July as signs the global economy is recovering bolstered demand for higher-yielding assets. The Aussie reached a one-year high against the g [...]

Posted On : Sep, 12 2009 | Comments : 0

WORLD FOREX: Dlr, Euro Fall Vs Yen As Japan Exporters Sell

The dollar and euro fell against the yen in Asia Tuesday on selling by Japanese exporters to settle their accounts, with trading direction for the rest of the day likely to depend on stock movements, dealers said. "A lack of major ec [...]

Posted On : Sep, 08 2009 | Comments : 0

Canadas Lane Says Currency Remains Important Risk

Bank of Canada Deputy Governor Timothy Lane said persistent strength in the country’s currency is an “important risk” to the economy, and policy makers have “flexibility” to implement further stimulus if it&rsq [...]

Posted On : Aug, 26 2009 | Comments : 0

Asian Currencies Post Weekly Decline on Outflows, Led by Rup...

Indonesia’s rupiah completed its biggest weekly drop in seven months and led losses in Asian currencies as overseas investors dumped emerging-market assets on concern a global recovery is stalling. The Bloomberg-JPMorgan Asia Dollar [...]

Posted On : Jun, 20 2009 | Comments : 0

Australian, N.Z. Dollars Fall on Fed Bond Purchases Report

The Australian and New Zealand dollars fell against the U.S. currency, paring this week’s gains, on speculation the Federal Reserve will let yields climb rather than boosting purchases of U.S. bonds. The currencies weakened as the Wa [...]

Posted On : Jun, 12 2009 | Comments : 0

Japanese Exporters Helped By Currency

A glimpse of hope for the U.S. job market attracted investment back to the beleaguered U.S. dollar, giving Japanese exporters a chance to rebound on Monday morning. The greenback at one point surged to a one-month high of 98.89 yen o [...]

Posted On : Jun, 08 2009 | Comments : 0

Canada May Keep Rate at Record Low as Currency Hurts Exporte...

The Bank of Canada may keep its benchmark lending rate at a record low today and renew a vow to freeze borrowing costs until mid-2010 as a surging Canadian dollar hurts exporters and threatens to prolong the first recession in 18 years. [...]

Posted On : Jun, 04 2009 | Comments : 0

N.Z. Dollar Gains After Standard & Poors Raises Debt Outlook...

New Zealand’s dollar advanced, reversing a decline, after Standard & Poor’s raised the outlook on the country’s sovereign debt rating to stable from negative. Australia’s currency strengthened. The New Zeala [...]

Posted On : May, 28 2009 | Comments : 0

Warning over airport currency rates

Holidaymakers looking for the best currency rates should shun airport exchange centres, a magazine has said. Airport bureaux de change provided the worst value for money. As they tended to charge for commission, Which? magazine found. Ther [...]

Posted On : May, 20 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

Inflation eases in central Europe, poses rate dilemma

Data on Friday confirmed a trend in central Europe of decelerating inflation due to the global economic crisis which is forcing nearly all of the region’s economies into recession and deflating consumer demand. But the countries are a [...]

Posted On : Apr, 11 2009 | Comments : 0

A Busy Week Ahead for the Pound & Exchange Rates

After last week’s mini-collapse in the value of sterling, this week sees some major data releases which could make it a week of volatility in the foreign exchange markets. First up, Tuesday morning’s UK house price index and Ger [...]