Latest news on ‘Currencies’
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Rally Over China’s Yuan Move Fades as Quickly as It Began
CNBC – The rally in global markets over China’s decision to let its currency rise gradually appears to have faded after just one day.
Investors reassessed the impact of China’s plan [...] -
Stocks Soar As China Finally Gives In To Demands For a Stronger Currency
Stock markets around the world are starting the week on a bullish note following China’s decision to allow its currency to appreciate against the dollar.
by Peter Gorenstein – A stronger [...] -
Dollar Advances Versus Yen on Stronger U.S. Consumer Confidence
(Bloomberg) – The dollar rose against the yen after an index of U.S. consumer sentiment climbed in June to the highest level in more than two years, fueling speculation the [...]
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Sinking Euro Tests Bull’s Mettle: “Our Endorsement Is Not Unconditional,” Axel Merk Says
The euro is on track for its third straight daily gain after the ECB held rates steady at 1%, as was widely expected. The single currency was recently trading above [...]
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Euro falls below $1.19, lowest in over 4 years
By Steven C. Johnson
NEW YORK (Reuters) – The euro fell below $1.19 on Monday for the first time in more than four years but recovered some losses as strong German [...] -
WORLD FOREX: Debt, ECB Worries Send Euro To 4-Year Low
LONDON (Dow Jones) – The euro fell to a new four-year low against the dollar Tuesday as concern over euro-zone banks, euro-zone sovereign debtors and the future of Angela Merkel’s [...]
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Euro inches up while stocks remain flat after warning
(Reuters) – The euro steadied from recent falls and world stocks were becalmed on Monday with a Chinese warning about risks to global growth and a downgrade of Spain’s credit [...]
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Yen Falls as Asian Recovery Signs Offset European Debt Concerns
(Bloomberg) – The yen fell for the first time in four days against the euro as signs economies in the Asia- region are gathering momentum damped demand for safer assets.
The [...] -
Even $1 Trillion Can’t Save the Euro, But Gold Is No Haven, Prechter Says
-by Peter Gorenstein
It looks like it’ll take more than a trillion dollars to bring buyers back to the stock market. European markets continue to fall Friday despite Germany’s approval [...] -
Russia Drops ‘Bellicose’ Dollar Talk as Greenback Reserves Grow
(Bloomberg) — The dollar’s ascent against the euro may be stifling Russian efforts to challenge the greenback’s dominance as a reserve currency, with policy makers in Moscow allowing the dollar’s [...]
