France and China Plotting An Alternative To The Dollar?

A pair of very conflicting news articles over the weekend about secret currency talks caps yet another week full of central bank interventions in the FX arena (and, as Bruce Krasting points out, many more to come). Yesterday, the FT reported that France and China had been in secret talks over “heightened co-ordination of exchange [...]

Support ‘America Saves Week’ or Spend?

From The Daily Capitalist Somehow Comptroller of the Currency John Dugan didn’t get the message from Team Obama about encouraging consumers to spend. As you know the Administration’s economic advisers see vigorous consumer spending as the solution for overcoming our recession. Consumer spending formerly represented 70% of the economy. Apparently the consumers are getting the message without Mr. [...]

Swiss franc drops to 2-day low against yen (Nasdaq)

(RTTNews) – Reversing from early morning uptrend, the Swiss currency slipped against the Japanese unit in early trading on Wednesday. The franc fell to a 2-day low of 76.66 against the yen by 6:30 am ET, down from a 6-day high of 78.52 hit early in the morning. Read more….

Euro slips to 2-day low against Canadian dollar (Nasdaq)

(RTTNews) – In early trading on Wednesday, the European common currency pared gains it posted in the early European session against the Canadian dollar. The euro slipped to a 2-day low of 1.5920 against the loonie by 6:50 am ET, down from a weekly high of 1.6125 hit around 3:00 am. Read more….

Canadian Dollar Weakens Against Most Majors (Nasdaq)

(RTTNews) – After a downtrend in early European session, the Canadian currency edged up against most of its major counterparts during New York morning deals on Wednesday. The loonie climbed to 5-day high versus the US dollar and 2-day high against the yen during the same time. Read more….

Japan Intervention Hinges on Yen Moves, Not Level, Gyohten Says (Bloomberg)

Feb. 5 (Bloomberg) — Japan will consider intervening in the currency market based on the pace of the yen’s appreciation as opposed to the level at which it trades, a former Finance Ministry official said. Read more….

Japan’s Yen Rises Against Euro, Dollar on U.S. Stimulus Concern (Bloomberg)

Feb. 4 (Bloomberg) — The Japanese yen rose against the euro and the dollar as traders sought refuge in the currency amid concern the U.S. fiscal stimulus plan will meet Senate resistance and widening credit losses will erode earnings. Read more….

Hong Kong Dollar Edges Down Against Greenback (Nasdaq)

(RTTNews) – The Hong Kong dollar weakened against the US currency in early Asian trading on Wednesday. At about 8:35 pm ET, the Hong Kong currency dipped to 7.7551 per greenback, compared to 7.7539 hit late New York Tuesday. Read more….

Indian Rupee Eases From 15-day High Against Dollar (Nasdaq)

(RTTNews) – The Indian rupee that jumped to a 15-day high of 48.19 against the dollar at 7:00 pm ET Tuesday reversed direction shortly thereafter. The rupee dipped to 48.6950 per dollar by about 11:40 pm ET. If the Indian currency weakens further, it is likely to target the 48.88 level. Read more….

Australian dollar slides to 2-day low against euro (Nasdaq)

(RTTNews) – During early deals on Wednesday, the Australian dollar edged down against its major counterparts as services sector activity in Australia fell for the tenth consecutive month in January. The Aussie slipped to a 2-day low against the European currency. Read more….

Euro Struggles With 1.3000 Pound Holds 1.44000

Another rambling night of trade in the currency market as the EUR/USD struggled with the 1.3000 handle after staging a reversal in North American session yesterday. Better risk appetite and the growing political woes of the Obama administration helped fuel Tuesday’s rally, but the unit could not hold its gains as dour economic data and [...]

Swiss franc shows mixed trading against majors (Nasdaq)

(RTTNews) – Tuesday, the Swiss franc showed weakness against the US dollar and the Japanese yen. On the other hand, the franc reversed its Asian session’s downtrend against the European currency and the British pound. The franc thus recovered from a 4-day low against the euro. Read more….

US dollar hits new multi-year highs versus Mexican peso and Colombian peso (Nasdaq)

(RTTNews) – The US currency advanced against major Latin American currencies in New York trading on Monday. The greenback climbed to new multi-year highs against the Mexican peso and the Colombian peso during the same time. Read more….

Hong Kong Dollar Edges Up Against Greenback (Nasdaq)

(RTTNews) – In early Asian trading on Tuesday, the Hong Kong dollar advanced to 7.7533 against the US currency. If the Hong Kong dollar moves up further, 7.751 is seen as the next target level. At yesterday’s close, the pair was quoted at 7.7541. Read more….

Singapore Dollar Climbs To 4-Day High Versus US And Hong Kong Dollars (Nasdaq)

(RTTNews) – The Singapore dollar climbed to a 4-day high against the currencies of US and Hong Kong during Tuesday’s early session. The Singapore currency also advanced against the pound, but pared the early Asian session gains against the euro. Read more….

Indian Rupee Pares Early Gains Versus US Currency (Nasdaq)

(RTTNews) – Monday during early Asian session, the Indian rupee climbed to a 5-day high of 48.3900 versus the US currency. However, the rupee started weakening by about 8:15 pm ET and is now trading at 48.80. The dollar-rupee pair closed Monday’s deals at 48.6750. Read more….

Chinese yuan slides to 4-day low against euro (Nasdaq)

(RTTNews) – The Chinese yuan traded down against the European currency during early Asian deals on Tuesday. At 11:10 pm ET, the yuan declined to a 4-day low of 8.8353 against the euro, compared to 8.7983 hit late New York Monday. Read more….

Swiss franc surges further against majors (Nasdaq)

(RTTNews) – Extending previous session’s uptrend, the Swiss currency advanced further against its major counterparts during New York morning deals on Tuesday. The franc climbed to new multi-day highs against the US dollar and the yen during the same time. Read more….

Swiss franc slips to 10-day low against dollar (Nasdaq)

(RTTNews) – The Swiss currency edged down against the US dollar during early Asian trading on Monday. The franc fell to a 10-day low of 1.1671 against the US dollar by 8:25 pm ET Sunday. Read more….

Rupee down by five paise to 48.92/93 vs US dollar (Hindustan Times)

The Indian rupee was down by five paise to settle the day at 48.92/93 against the US currency following weakness in equity markets amid sustained capital outflows. Read more….

Next Page »