Foreign Exchange News

LONDON (MarketWatch) -- U.S. stock market futures pointed to a slightly weaker open on Thursday, as a cautious outlook from homebuilder Toll Brothers and declines in overseas markets weighed on sentiment.   MARKETWATCH TOP NEWS U.S. stocks futures point to slightly weaker open Dollar declines on yen, euro Oil under pressure at $59; inventories increase Intel projecte ...

NEW YORK (MarketWatch) -- McDonald's Corp. said Thursday its global same-restaurant sales rose 4% in November, helped by its breakfast menu and extended hours.   MARKETWATCH TOP NEWS U.S. stocks futures point to slightly weaker open Dollar declines on yen, euro Oil under pressure at $59; inventories increase Intel projected to boost low end of sales guidance Toll Br ...

LONDON (MarketWatch) -- The dollar lost ground on Thursday, with Bank of Japan and European Central Bank officials making somewhat hawkish comments to reverse recent gains for the greenback.   MARKETWATCH TOP NEWS Stock futures point to further declines Oil under pressure at $59; inventories increase Intel projected to boost low end of sales guidance Toll Brothers profit  ...

Gold prices have climbed to their highest level in almost 25 years, and analysts are predicting further gains. However, other experts have warned the market is ripe for a correction, which could be triggered by major investors trying to bank recent profits. Gold rose as high as $517.93 an ounce in Asian trading, its most expensive price since March 1981. It gave back some gains after hitting the high, and was hovering close to $517.20 in the afternoon session. "At the moment the mood is stil ...

New Zealand’s central bank on Thursday raised interest rates to 7.25 per cent, the highest levels in the developed world, in its latest attempt to curb consumer spending and rising inflation. // Alan Bollard, Reserve Bank governor, said the 25 basis point rise, the ninth-straight tightening of monetary policy, was necessary to contain household spending linked to a booming housing market. “We do not see the prospects of monetary policy easing in future,” he told reporters. “Whether further tig ...

Many emerging markets, particularly in Latin America, have been taking large strides to redeem themselves of the “original sin” of holding dangerous levels of debt in foreign currency that economists warned against in the 1990s. No country has been more successful in exchanging external for domestic debt than Mexico – the International Monetary Fund’s biggest borrower just a decade ago – and it is doing so using increasingly sophisticated methods. // In an unprecedented move among emerging mar ...

The New Zealand dollar came crashing back to earth on Wednesday after soaring to 20-year highs in trade-weighted terms this week. // The catalyst was a report from Standard & Poor’s, the ratings agency, that warned New Zealand’s current account deficit was “unsustainable”. A recommendation from Goldman Sachs to short the kiwi against the Brazilian real was also said to be behind the sell-off ...

LONDON (Dow Jones) -- European shares traded mixed on Wednesday as gains for metals and telecoms offset losses from automakers and insurers after a slightly higher start to U.S. trading. The German DAX 30 index dipped 0.3% at 5,284, France's CAC 40 was flat at 4, 676 and the U.K.'s FTSE 100 advanced 0.1% at 5,546. The pan-European Dow Jones Stoxx 600 added 0.2% at 307.58. Metal stocks t ...

NEW YORK (Dow Jones) -- The U.S. dollar was broadly higher Wednesday, as a pullback in the euro from an all-time high against the Japanese yen, as well as a favorable outlook for interest rate differentials, helped provide an underlying boost. The dollar was last quoted up 0.3% vs. the yen at 120.93 and was 0.7% better vs. the euro at $1.1717. The euro was last down 0.4% vs. the yen at 141.7 ...

NEW YORK (MarketWatch) -- The U.S. dollar was broadly higher Wednesday, as a pullback in the euro from an all-time high against the Japanese yen, as well as a favorable outlook for interest rate differentials, helped provide an underlying boost.   MARKETWATCH TOP NEWS Ford to slash up to 30,000 jobs, 10 plants: report Oil edges higher ahead of supply data U.S. dollar gets  ...