Foreign Exchange News

WASHINGTON, (MarketWatch) -- The IMF is once again urging China to allow the yuan to strengthen against the dollar. document.write('');   MARKETWATCH TOP NEWS Answers to taxing questions on mutual funds GM to close plants, drop 30,000 jobs U.S. leading indicators rebound in October U.S. stocks lose bullish steam at midday; GM in focus Buy America and gold, but not for  ...

This is Money21 November 2005 FINANCIER Ian Andrew Leaf was today found guilty at Southwark Crown Court of a £76m fraud, following an eight-year investigation by the Revenue & Customs. OTHER STORIES £200,000 for the average house Empire halts PartyGaming talks Market report: Monday close Cadbury sells drinks arm for £1.27bn Money lender's trail of misery  ...

LONDON (MarketWatch) -- European markets were lifted Monday by expectations that the European Central Bank would limit interest-rate hikes and by a stronger resources sector, though drugmaker GlaxoSmithKline bucked the positive trend on concerns over how widely its asthma drugs can be used. // document.write('');   MARKETWATCH TOP NEWS Answers to taxing questions on mutua ...

CHICAGO (Dow Jones) -- The euro rose to two-week highs against the dollar Monday, bolstered by expectations euro-zone interest rates are headed higher. "At the onset of a holiday-shortened week for the American markets, the euro seems to begin a recovery against the greenback," said Boris Schlossberg, currency analyst at FXCM. The euro fell to two-year lows against its U.S. counterpart earli ...

NEW YORK (MarketWatch) - Gold futures set a fresh 18-year high in early trade Monday, extending recent gains on continued strong physical demand, central bank buying and inflation concern.   MARKETWATCH TOP NEWS U.S. stocks mixed in tight ranges; GM in focus GM to close plants, drop 30,000 jobs Buy America and gold, but not for too long Mentor makes $2.2B offer for Medicis Wal-Mar ...

WASHINGTON (MarketWatch) -- President Bush took a conciliatory approach with China's leadership on troublesome economic issues during his two-day visit to Beijing that ended Sunday, experts said.   MARKETWATCH TOP NEWS Rally bulls still upbeat on short week Bill has come due for tech firm's generous stock option Large buybacks fail to boost shareholder value Ford to cut  ...

BEIJING (Reuters) - Washington and Beijing will cooperate toward making the yuan's exchange rate more responsive to market forces of supply and demand, visiting U.S. President George W. Bush said on Sunday. China revalued the yuan by 2.1 percent in July and cut it loose from the dollar so it could float within tightly managed bands. But since then, to Washington's frustration, China has let its currency rise only a further 0.33 percent against the dollar. Bush said he applauded the July r ...

By Caren Bohan BEIJING (Reuters) - Washington and Beijing will cooperate towards making the yuan's exchange rate more responsive to market forces of supply and demand, visiting U.S. President George W. Bush said on Sunday. China revalued the yuan by 2.1 percent in July and cut it loose from the dollar so it could float within tightly managed bands. But since then, to Washington's frustration, Ch ...

By Caren Bohan BEIJING (Reuters) - Visiting U.S. President George W. Bush pressed President Hu Jintao on Sunday to rein in China's swelling trade surplus and push forward currency reform after calling for greater religious freedom. China struck an optimistic tone for the meeting by agreeing to buy 70 737-type aircraft from Boeing Co. in a deal worth $4 billion (2.3 billion pounds). Speaking at a joint news conference after their talks, Hu said he and Bush had expressed a willingness to "join  ...