Foreign Exchange News

NEW YORK (CNNMoney.com) - Treasury prices fell Tuesday as fresh housing data outweighed a report that showed inflation was under control at the wholesale level. The dollar surged against the euro and the yen. The benchmark 10-year note fell 5/32 to 110-08/32, yielding 4.46 percent, up from 4.44 percent late Monday. The 30-year bond lost 8/32 of a point to 110-16/32 to yield 4.66 percent, up from 4.64 in the previous session. Bond prices and yields move in opposite directions.  ...

CHICAGO (Dow Jones) - Thin trading conditions and neutral U.S. economic data Tuesday proved enough of a lift for a U.S. dollar that has seen volatile swings in the past few weeks. The dollar was helped to nearly two-week highs against the euro, as strong U.S. housing data kept alive the chance for additional, if limited, interest- rate tightening at the Federal Reserve. Another U.S. report offe ...

CHICAGO (Dow Jones) - Thin trading conditions and neutral U.S. economic data Tuesday proved enough of a lift for a U.S. dollar that has seen volatile swings in the past few weeks. The dollar was helped as strong U.S. housing data kept alive the chance for additional, if limited, interest-rate tightening at the Federal Reserve. Another U.S. report offered up evidence of moderating inflation.  ...

The dollar hit a one-week high against the euro and recovered against the yen on Tuesday after surprisingly strong US housing data appeared to reinforce expectations of further Federal Reserve rate hikes. // November housing starts rose by 5.3 per cent to an annual rate of 2.123m compared with 2.017m units in October. The market had expected a decline of 0.5 per cent and an annual rate in housing starts of 2.017m units. According to analysts, the report appeared to confirm that the US economic  ...

LONDON (MarketWatch) -- European shares reversed early losses to end in positive territory Tuesday, on renewed dollar strength as well as gains from the mining and utility sectors. document.write('');   MARKETWATCH TOP NEWS U.S. stocks flat in morning; year-end rally in question Housing starts up 5.3% in November U.S. Nov. PPI has biggest drop in 31 months Transit strike ...

CHICAGO (Dow Jones) - An already-firmer dollar gained against the euro and the yen after strong housing data released Tuesday kept alive the chance for additional interest-rate tightening at the Federal Reserve. U.S. housing starts rebounded 5.3% to a 2.12-million pace in November. Building permits rose 2.5% to a 2.15-million pace. The housing data were offset partly by tame wholesale pricin ...

BOSTON (Reuters) - General Electric Co., which owns the movie studio behind the big-budget remake of "King Kong," has embraced the giant gorilla as an emblem of its corporate strategy for 2006: Go Big. The world's largest company by market capitalization and corporate America's 800-pound gorilla, GE (Research) said it aims to use its size and reach to bring jet engines, turbines, l ...

Sterling fell to a two-week low against the euro on Monday after comments by Bank of England’s chief economist suggested British interest rates may be lowered early next year. // Charles Bean, a member of the BoE’s rate-setting monetary policy committee, indicated in an interview in The Sunday Times that an early cut in interest rates was possible and it was not necessary for the Bank of England to wait until the outcome of the next wage round in the spring time. “I don’t think it’s a case of  ...

By Crispian Balmer ROME (Reuters) - Bank of Italy Governor Antonio Fazio resigned on Monday, finally succumbing to months of intense pressure after he was directly implicated in a bank takeover scandal that has bruised Italy's international image. "The decision, made autonomously with a clear conscience, was taken to restore calm, in the greater interest of the country and the Bank of Italy," th ...

CHICAGO (Dow Jones) - The dollar reclaimed a sliver of last week's steep decline Monday ahead of U.S. economic data that many expect to confirm at least one more Federal Reserve interest-rate increase. "Softer oil prices stand to buoy the dollar as this should start to ease the U.S. trade deficit -- a number which continues to cause concern -- so expect crude to be closely monitored," said Stua ...