Foreign Exchange News

Jose Cabrera's sudden death sparked panic among thousands of people who gave him a minimum of $10,000 each over two decades in exchange for up to 10 percent monthly interest. Most were rank-and-file police and military personnel — more than 6,500 of them — and residents of Machala, the port city where Cabrera was based. But the scandal has spread to high-ranking current and former milit ...

NEW YORK (Dow Jones) - The dollar was higher against the yen in light post- holiday trade Tuesday, after Japanese data made it unlikely the Bank of Japan will alter its current ultra-easy monetary policy any time soon. The dollar was last trading at 117.42 yen, up 0.8% from Friday's close. Japan's consumer price index, which excluded fresh food prices, rose 0.1% in November from a year earli ...

NEW YORK (MarketWatch) - The dollar was higher against the yen in light post-holiday trade Tuesday, after Japanese data made it unlikely the Bank of Japan will alter its current ultra-easy monetary policy any time soon.   MARKETWATCH TOP NEWS Yield curve inverts for first time in five years U.S. stocks sharply lower as yield curve inverts Natural gas closes lower on warm-w ...

By Andrew Balls in WashingtonPublished: December 27 2005 19:15 | Last updated: December 27 2005 19:15A decision by Brazil and Argentina to repay their loans to the International Monetary Fund ahead of schedule raises the question of whether the institution needs a new business model. // The IMF, like any financial institution, lends at a slightly higher interest rate to the one it borrows at, usi ...

The detailsSee more NEW YORK (CNNMoney.com) - Treasury bonds rallied Tuesday, pushing the yield on the benchmark 10-year Treasury below that of two-year notes for the first time since December 2000. The so-called inversion in the yield curve sparked a fresh round of worries about a slowdown in economic growth next year or even a possible recession, though many analysts  ...

NEW YORK (Dow Jones) - The dollar was higher against the yen in light post- holiday trade Tuesday, after Japanese data made it unlikely the Bank of Japan will alter its current ultra-easy monetary policy any time soon. The dollar was last trading at 117 yen, up 0.5% from Friday's close. Japan's consumer price index, which excluded fresh food prices, rose 0.1% in November from a year earlier, ...

CHICAGO (Dow Jones) - The dollar pared its gains against the euro and the yen before recovering a modest advance in early U.S. trading Friday, as traders digested mixed U.S. factory data. New orders for U.S.-made durable goods increased 4.4% in November to a record $223 billion, pushed higher by aircraft orders. Excluding aircraft and other transportation orders - volatile features in this m ...

CHICAGO (Dow Jones) - The dollar moved from positive to negative and back again in choppy pre-holiday trading Friday, as investors weighed weaker U.S. housing and factory statistics against stronger consumer sentiment. The reports, on net, did little to change the currency market's U.S. interest- rate expectations, which call for additional modest tightening from the Federal Reserve. But the ...

By Ed Stoddard JOHANNESBURG (Reuters) - Has the "wild child" of the emerging markets finally settled down or is South Africa's rand just taking a breather? For much of the past decade, the currency has experienced spectacular ups followed by crashing downs. But as 2005 draws to a close, the currency seems to have finally found some stability -- at least by its extremely turbulent standards. "I ...

CHICAGO (Dow Jones) - The U.S. dollar turned lower in a delayed reaction to mild U.S. inflation statistics released Thursday that could limit the scope for higher U.S. interest rates next year. The dollar also lost some favor as Treasury yields fell after the inflation report, cutting demand from abroad for U.S. bonds. Light, pre-holiday trading volumes accounted for exaggerated moves and th ...