Foreign Exchange News

LONDON (Reuters) - European share prices closed at their lowest level in 10 days Monday, hit by a fall in oil firms that dragged indexes off the 3-1/2-year highs reached earlier in the session. BP, Total and Royal Dutch Shell packed the list of losers and fell between 1.2 and 2.5 percent. The weakness in oil companies came as U.S. crude oil futures shed 2.6 percent to ...

LONDON (Dow Jones) -- European shares relinquished afternoon gains and ended softly Monday as U.S. markets turned lower. The German DAX 30 index ended down 0.3% at 5,176, France's CAC 40 fell 0.6% at 4,575 and the U.K.'s FTSE 100 lost 0.8% at 5,477. The pan-European Dow Jones Stoxx 600 shed 0.5% at 300.83. U.S. stocks lost ground Monday as investors locked in gains after a six-week ral ...

The US dollar slid sharply on Monday. However there were almost as many explanations advanced for the sell-off as there were traders and analysts following the market. // The bald facts were that the dollar started the day on the front foot, pushing to fresh two-year highs of $1.7049 against sterling and Y119.93 against the yen, with reports of strong US retail sales over the Thanksgiving weekend contrasting sharply with weak Japanese sales data. But by mid-session New York trading the dollar  ...

LONDON (MarketWatch) -- European shares relinquished afternoon gains and ended softly Monday as U.S. markets turned lower.   MARKETWATCH TOP NEWS U.S. stocks lower; GM up on Delphi labor talks progress Merck shares fall after restructuring announcement Merger dilution sinks American Pharmaceutical's shares Apple iPods score high among Amazon's top holiday items HSBC ...

NEW YORK (Dow Jones) -- U.S. stocks lost ground Monday as investors locked in gains after a six-week rally for equities, with retailers in focus after what appears to have been a solid start to the holiday shopping season. The Dow Jones Industrial Average (DJI) was off 9 points at 10,921 after ending Friday's session at an eight-month high. The Nasdaq Composite (RIXF) fell 12 points to 2,251 ...

CHICAGO (Dow Jones) - The dollar gained to within a whisker of the psychologically significant 120-yen mark Monday, taken there courtesy of weaker- than-expected Japanese retail figures and a relatively solid start to U.S. holiday spending. The dollar scored a fresh 27-month high against its Japanese counterpart at 119.93 before bouncing back shy of the heavily fortified 120 area. In morning ...

NEW YORK (Dow Jones) - U.S. stock futures are pointing to a higher open Monday, buoyed by sales numbers from Wal-Mart Stores confirming a solid start to the holiday season, with Apple Computer also a standout after Amazon.com said its iPod digital music players were among the best-selling items so far. But any further upside to the market may be limited, as investors succomb to the temptation o ...

More on currencies: • The downside of a rising dollar • China revalues yuan • Everybody's Fed • Dollar hits 25-month high against yen LONDON (Reuters) - The dollar hit a 27-month high against the yen and two-year high versus sterling on Monday, as the dollar's bull run continued on the prospect of rising U.S. interest rates. The euro came under pressure as investors bet an expected European Central Bank interest rate hike on T ...

Dan Atkinson, Mail on Sunday27 November 2005 STERLING'S slide against the dollar is casting a cloud over the High Street for Christmas. Higher taxes, petrol costs, utility bills and interest rates have already hit consumer confidence. Now retailers face a profits squeeze as their pounds buy fewer cheap goods in the Far East. WANT TO KNOW MORE? TABLES: Latest economic data MONEY SHOP: Find a ...

Michael Clarke, This is Money26 November 2005 LOOKING to impress your pals? You could try the latest status symbol for people who like to flash the sort of plastic most of us can't even get our hands on. EXCLUSIVE: You'll need to earn £70,000 and pay £275 a year just to use the new i24 card OTHER STORIES Millions resorting to loan sharks Screw turns on credit bargains Credit cards off Christmas list Dealing with mental ills Don't fall for Xmas loan tricks  ...