Search Results for 'Global'

U.S. currency bill endangers global economic recovery

The Currency Exchange Rate Oversight Reform Act of 2011, a bill passed by the U.S. Senate on Tuesday that will push China to revalue its currency, may spawn a trade war between the two nations and endanger global economic recovery, econom [...]

Posted On : Oct, 12 2011 | Comments : 0

Dollar seen losing global reserve status

The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn. More than half the managers, who were polled by [...]

Posted On : Jun, 28 2011 | Comments : 0

Chinese currency goes global

As at the end of April the total amount held in renminbi deposits at Hong Kong banks had reached Rmb510bn ($78.7bn). This increase from Rmb90bn at the beginning of July last year has been driven by liberalisation measures announced last y [...]

Posted On : Jun, 06 2011 | Comments : 0

U.S. dollar, usually world’s safe haven, declining despite p...

When the world is in turmoil, investors have usually had one automatic response: Put money into dollars, viewed as the global safe harbor. But that’s not happening in this tumultuous year. Even with the Middle East in conflict, Jap [...]

Posted On : Mar, 25 2011 | Comments : 0

Currency Trading Alternative to ICAP Is Said to Be Weighed b...

Banks dealing in foreign exchange are discussing a currency-trading system that may become a competitor to a platform run by ICAP Plc, according to three people with knowledge of the talks. The negotiations include the 10 biggest currenc [...]

Posted On : Dec, 10 2010 | Comments : 0

Australian Dollar Drops Amid Concerns Over Global Growth

The Aussie Dollar receded from near a three-week rise in the midst of concerns over worldwide expansion and that its newest increases might have arrived too quickly. New Zealand's currency dropped before reports this week in all [...]

Posted On : Jul, 13 2010 | Comments : 0

Dollar Weakens to Year Low on Signs Global Recession May End...

The dollar declined to the lowest level this year against six major U.S. trading partners as optimism that a global recovery is near reduced demand for the greenback as a refuge. The Swedish krona advanced against the euro to the stro [...]

Posted On : Aug, 01 2009 | Comments : 0

Yen, Dollar Rise as Risks to Global Recovery Spur Safety Dem...

The yen and the dollar rose against the euro on speculation European finance ministers will today reiterate the global recession is far from over, spurring demand for the relative safety of the U.S. and Japanese currencies. The yen advance [...]

Posted On : Jul, 07 2009 | Comments : 0

Calls grow to supplant dollar as global currency

The call to find an alternative to the U.S dollar as the global reserve currency is gaining momentum as France joined calls by China, India and Russia for a review of the world's currency practices. French Finance Minister Christine Lagard [...]

Posted On : Jul, 06 2009 | Comments : 0

Dollar Falls to 7-Week Low on Speculation Global Slump Easin...

The dollar fell to a seven-week low against the euro after Chinese government reports added to evidence the worst of the global economic slump is over, sapping demand for the U.S. currency as a refuge. The greenback also dropped to a two-w [...]

Posted On : May, 13 2009 | Comments : 0

Yen Falls as Prospect Global Slump Easing Reduces Refuge Dem...

The yen fell before a U.S. report today that may show the world’s largest economy shrank at a slower pace in the first quarter, reducing demand for the safety of the Japanese currency. The dollar weakened against nine of the 16 [...]

Posted On : Apr, 29 2009 | Comments : 0

Australian Dollar Heads for Weekly Loss on Global Slump Conc...

Australia’s dollar was little changed, heading for its first weekly drop since February, on concern the global slump will push the jobless rate to the highest in seven years. Australia’s currency slid against the U.S. doll [...]

Posted On : Apr, 24 2009 | Comments : 0

Title Global Exchange-Rate System Needed To Limit Speculatio...

The FINANCIAL -- Exchange-rate adjustments cannot be left to the market and must be subject to multilateral oversight, an UNCTAD report on the global financial crisis says. Changes in nominal exchange rates should reflect differences in rat [...]

Posted On : Mar, 20 2009 | Comments : 0

Dollar, yen rise on heightened global turmoil

The Japanese economy shrank by a larger-than-expected 3.3% in the final three months of 2008 compared to the previous quarter, according to government data released Monday. Compared to the final quarter of 2007, GDP fell 12.7% -- the larges [...]