Foreign Exchange News

The dollar was higher across the board Tuesday, buoyed by expectations that U.S. interest rates will keep rising and that 10-year treasury yield is set to go higher. The currency market recently has increasingly focused on treasury yields and global spreads, which have widened in the dollar's favor, traders said. Yield on the benchmark 10-year U.S. treasury rose to 4.742% Tuesday in New York, t ...

The dollar was higher across the board early Tuesday, continuing to draw support from hawkish remarks from Federal Reserve official William Poole that more interest-rate hikes may be needed. But the U.S. currency pared some overnight gains after a Labor Department report showed productivity in the U.S. nonfarm business sector fell for the first time since 2001. "The source of this sudden dol ...

The US dollar spiked higher in European morning trade on Tuesday as Treasury yields jumped amid expectations for further US interest rate rises. // William Poole, the president of the St Louis Federal Reserve, raised rate expectations when he warned that the national Fed will have to “step a little harder on the brake” if data in the coming months is consistently strong. With a “great deal of momentum” still in the economy, “you’re not going to stop this freight train easily,” Mr Poole added, ...

Tue 7th Mar 2006 The Saga Travel Money package could offer travellers an extra €19 when purchasing £500 worth of holiday money, the company has claimed. At the company's rate of exchange of 1.4194, £500 would buy a holidaymaker €709.70. This is more than the €702 return offered by Amex and HSBC, the €698.55 accessible with Lloyds and the €698.30 avai ...

LONDON (Reuters) - Britain's largest listed insurance broker, Jardine Lloyd Thompson, said on Tuesday its annual pretax core profit slid 20 percent due to competitive pressure and currency effects, and issued a downbeat outlook for 2006. The company (JLT.L: Quote, Profile, Research) said it had pretax profit before exceptional items and impairment charges in 2005 of 76.8 million pounds down from ...

The dollar strengthened across the board on Monday, setting a fresh one- week high against the yen, amid diminishing speculation that the Bank of Japan will end its ultra-easy monetary policy this week. The Japanese currency extended losses, after Japan's Prime Minister Junichiro Koizumi urged the nation's central bank to be prudent in deciding when to tighten monetary policy. The market is  ...

The yen was the worst performing major currency on Monday, beset by factors ranging from dovish commentary from Junichiro Koizumi, the Japanese prime minister, to merger and acquisition-related outflows. // The yen’s slide came in spite of suggestions that the Bank of Japan may start to tighten its ultra-loose monetary policy, introduced in March 2001, at this week’s two-day meeting, which concludes on Thursday. While most analysts believe the central bank will wait until April before acting,  ...

The yen extended losses, setting fresh one-week lows against the dollar and the euro early Monday, after Japan's prime minister urged the nation's central bank to be prudent in deciding when to tighten monetary policy. Prime Minister Junichiro Koizumi said that he would like the Bank of Japan to make a "careful decision" at its policy meeting later this week. The yen struggled across the board  ...

Berkshire Hathaway, the firm set up by billionaire Warren Buffett, has chosen a successor to the investment guru. However, the company did not name the person who will take over, nor did it say when 75-year-old Mr Buffett, known as the Sage of Omaha, will step down. Mr Buffett has run Berkshire Hathaway since 1965, and is the world's second richest man worth some $40bn (£22.6bn). The company also said its quarterly profit rose 54% to $5.13bn while sales added 27% to $25.37bn. In his a ...