Foreign Exchange News

LONDON (Dow Jones) -- The U.S. dollar ran into some pressure Thursday on a report Venezuela's central bank is diversifying its holdings into other currencies. The euro recently was at $1.2054 vs. $1.2009 on Wednesday, and the dollar was at 113.82 yen vs. 114.01 yen on Wednesday. Venezuela has shifted $20 billion in Treasurys into funds sent to Europe, the Financial Times reported, citing centr ...

NEW YORK (Dow Jones) -- U.S. stocks ended sharply lower Wednesday, with the Dow Jones Industrial Average and the S&P 500 Index tumbling to their worst levels in three months, as concern about inflation, the prospect of higher interest rates and slowing economic growth took the shine off a fresh pullback in crude-oil prices. The Dow industrials (DJI) closed down 123.75 points, or 1.2% at 10, ...

SAN FRANCISCO (Dow Jones) -- Reacting to U.S. losses earlier in the day, Asian markets dropped sharply early Thursday, with Japan's bellwether Nikkei shedding 2.16% to close the morning session at 13,393.84. The next-biggest decliner among the major indexes was Seoul's Kospi, which shed 2.14% to 1,201.08. Around the region, Hong Kong's Hang Seng dropped 1.89% to 14,875.22; Sydney's S&P/A ...

BOSTON (Dow Jones) - You don't get to be the oldest U.S. bank by missing opportunity when it knocks - especially when it's your own hedge fund clients at the door. When money manager Gottex last week hired Bank of New York to provide services for $5 billion of its hedge fund assets, the move highlighted how even the nation's oldest banking stalwarts are moving into the more aggressive business  ...

NEW YORK (MarketWatch) - U.S. stocks ended sharply lower Wednesday, with the Dow Jones Industrial Average and the S&P 500 Index tumbling to their worst levels in three months, as concern about inflation, the prospect of higher interest rates and slowing economic growth took the shine off a fresh pullback in crude-oil prices.   MARKETWATCH TOP NEWS U.S. stocks end lo ...

Nasdaq leads broader selloff on worries about inflation, corporate profits, rising interest rates. October 5, 2005: 4:11 PM EDT Special Report full coverage Fuel inventories plummet Bush calls for more refineries  ...

The detailsSee more Old conundrum, new twist Inverted or flat, the yield curve points to a weaker Federal Reserve, not a downturn. (Full story) More on bonds and yields • Will Katrina make Greenspan pause? • With oil prices this high, can the Fed ignore them anymore? • Flattening curve: what investors should do NEW YORK (CNN/Money) - Longer-dated Treasuries rose higher  ...

NEW YORK (Dow Jones) - U.S. stocks extended losses in the final half-hour of trading Wednesday as concern about inflation, the prospect of higher interest rates and slowing economic growth took the shine off a fresh pullback in crude- oil prices. The Dow Jones Industrial Average (DJI) was sitting at its lows for the session, down 94 points at 10,345. The Nasdaq Composite Index (RIXF) fell 29 ...

NEW YORK (Dow Jones) - U.S. stocks traded lower but off their worst levels Wednesday as a fresh pullback in the price of oil helped shift some of the focus away from a report showing a sharp slowdown in service-sector growth. The Dow Jones Industrial Average (DJI) was down 35 points at 10,404, off an intraday low of 10,365.14. The Nasdaq Composite Index (RIXF) fell 17 points to 2,122 while t ...

CHICAGO (Dow Jones) - The dollar fell Wednesday for the first day in four, with many traders believing the recent rally for the U.S. currency was overdue a correction. Weaker-than-expected U.S. service-economy data on back of an upbeat report in the euro zone furthered the case for dollar selling. The reports weren't seen changing the interest-rate differential between the two in the near term, ...