Foreign Exchange News

The euro took the plaudits in the currency market this week, blossoming as the green shoots of economic recovery continued to emerge, pushing interest rate expectations higher. // It was a quiet week for data releases, but what did emerge from the eurozone was generally bullish. The closely watched Ifo index of German business sentiment jumped to a 15-year high, while news that M3 broad money supply growth accelerated to 8 per cent in the year to February prompted excitement, given the monetar ...

The dollar rose broadly against its major rivals early Friday, recovering from its sharp slide in the prior session, with investors awaiting consumer sentiment data for further direction. In early New York trading, the dollar changed hands at 117.91 yen, up 0.4%. The euro was fetching $1.2108, down 0.5%. The British pound was down 0.5% at 1.7374. The dollar strengthened 0.6% to 1.3042 Swiss fra ...

NEW YORK (Dow Jones) -- Commodities may be booming, but the very currencies with the most exposure to metals and energy have been having a tough time. Precious and industrial metals are running up to multidecade and record highs. Crude oil is heading back toward $70 a barrel. Seeand. Meanwhile, the "dollar bloc" commodity currencies -- namely, the New Zealand dollar, the Australian dollar an ...

Rosanna Spero, Daily Mail31 March 2006 GOING AWAY when the schools are on holiday costs a fortune, so don't pay over the odds for your holiday money. HOLIDAY SPECIAL: Simon and Vanessa Guy have a Nationwide account specifically for using abroad WANT TO KNOW MORE? POLL: When you go abroad do you try to get currency as cheaply as possible? OTHER STORIES One third rely on overdraft Student debt soars New on the market Halifax's 'Little Xtra' becomes a little less Tim ...

The dollar weakened across the board Thursday, hitting an almost two-week low versus the euro, amid expectations that the interest-rate differential between the U.S. and other parts of the world will narrow soon. Sentiment toward the euro has improved recently after solid economic data and hawkish comments from the European Central Bank officials fueled hopes that the bank will be more aggressi ...

Iceland on Thursday moved to head off a crisis of confidence in its currency when it raised interest rates by more than expected following a two-month slide in the krona that has unsettled foreign exchange markets. // Meanwhile, New Zealand, another small country with high-yielding assets that has seen a sharp run on its currency, said a further slide in the kiwi could jeopardise an expected cut in its high interest rate later this year. The Icelandic central bank raised interest rates by a g ...

CHICAGO (Dow Jones) -- While a stronger U.S. dollar is weighing a bit on its top line, Yum Brands managed to post across-the-board sales increases on strength in the U.S. and China. Early Thursday, Yum (YUM) said estimated first-quarter system sales for its international division increased 2% after conversion to U.S. dollars-- or 6% in local currency. At the same time, the parent of Pizza Hu ...

The dollar traded lower against its major rivals early Thursday, amid expectations that the interest-rate differential between the U.S. and other parts of the world will narrow soon. Sentiment towards the euro has improved recently following several robust economic reports out of the euro zone. "The ECB will be far more comfortable raising interest rates at the next meeting [April]," said Mi ...

The U.S. dollar was bid lower on Thursday against major rivals on concerns that Middle Eastern governments may shift reserves away from the American currency. The euro rose to $1.2074 from $1.2031 late Wednesday, while the dollar eased to 117.29 yen from 117.76 yen. The United Arab Emirates central bank governor overnight reiterated comments that the country was looking to raise the euro's w ...

The dollar edged lower against the euro and Japan's yen but stuck to tight ranges Wednesday, amid growing concerns that the interest-rate differential between the U.S. and the euro zone may narrow soon. Meanwhile, the British pound took a hit following worse-than-expected current- account deficit and retail-sector data. "I think we're still in pretty familiar ranges," said David Gilmore, a p ...