Foreign Exchange News

NEW YORK (AFX) - U.S. stocks ended mixed Friday, and lower on the week, in a market where the the strength and direction of Hurricane Rita dominated trading, with investors trying to gauge likely storm-damage to oil installations in the Gulf of Mexico and the knock-on effect on crude prices. The week also saw the Federal Reserve raise its key short-term rate by a quarter percentage point to 3.75% ...

NEW YORK (AFX) -- U.S. stocks ended mixed Friday, and lower on the week, in a market where the strength and direction of Hurricane Rita dominated trading, with investors trying to gauge likely storm damage to oil installations in the Gulf of Mexico and the knock-on effect on crude prices. The week also saw the Federal Reserve raise its key short-term rate by a quarter-percentage point to 3.75%, w ...

NEW YORK (AFX) - The dollar rose to its highest in nearly two months against the euro, helped by some moderation in oil prices and by China's announcement it has taken another step toward currency flexibility. The greenback's gains against Europe's shared currency helped to erase the U.S. currency's decline against the Japanese yen. The dollar fell earlier against the yen after China announced i ...

LOS ANGELES (AFX) --Oracle Corp. shares fell Friday after stagnant quarterly sales of the company's key database software and a slim rise in profit combined with a tepid revenue outlook to spook investors on Wall Street who sent the stock lower by as much as over 9%. As Oracle's key market in database software has matured, Chief Executive Larry Ellison has snapped up smaller makers of software ap ...

NEW YORK (Dow Jones) - U.S. stocks ended mixed Friday, and lower on the week, in a market where the the strength and direction of Hurricane Rita dominated trading, with investors trying to gauge likely storm-damage to oil installations in the Gulf of Mexico and the knock-on effect on crude prices. The week also saw the Federal Reserve raise its key short-term rate by a quarter percentage point  ...

NEW YORK (MarketWatch) - U.S. stocks ended mixed Friday, and lower on the week, in a market where the the strength and direction of Hurricane Rita dominated trading, with investors trying to gauge likely storm-damage to oil installations in the Gulf of Mexico and the knock-on effect on crude prices. document.write('');   MARKETWATCH TOP NEWS Rita spins toward Texas-Louisian ...

NEW YORK (AFX) - U.S. stocks edged higher in the final half-hour of trading Friday as a pullback in crude prices on a weakened Hurricane Rita, raised hopes the storm may not cause as much damage to oil installations in the Gulf of Mexico as initially feared. The Dow Jones Industrial Average rose 13 points to 10,435, off an early low of 10,372.06. The Nasdaq Composite Index was up 8 points at 2, ...

NEW YORK (Dow Jones) - U.S. stocks rose Friday afternoon after Hurricane Rita weakened to a Category 3 storm, sending crude-oil prices tumbling. The news raised hopes Rita may not cause as much damage to oil installations in the Gulf of Mexico as initially feared. The Dow Jones Industrial Average (DJI) rose 26 points to 10,448, off an early low of 10,372.06. The Nasdaq Composite Index (RI ...

By Tim Ahmann and Shinichi Kishima WASHINGTON (Reuters) - The world's top economies welcomed China's two-month-old exchange rate reform but gave a tepid reception to Beijing's decision on Friday to widen the yuan's trading band against non-dollar currencies. Since the trading band against the all-important dollar was left unchanged, China's latest move amounted to little more than a technical st ...

NEW YORK (Dow Jones) -- Treasury prices fell Friday as a small direction shift and another downgrade for a still-powerful Hurricane Rita allowed for some relief in energy prices, calming at least momentarily concerns for the storm's longer-run economic toll. Treasurys fell as well on anticipation that China, the second largest foreign holder of U.S. debt behind Japan, could curb its purchases a ...