Foreign Exchange News

LONDON (Dow Jones) -- Credit Suisse Group on Tuesday said first-quarter net income jumped a stronger-than-forecast 36% after an across-the-board increase in investment banking revenue and after reeling in more wealthy client assets. Credit Suisse (CSR) said first-quarter net income improved to SFr2.6 billion ( $2.1 billion), or SFr2.21 a share, with revenue up 29% to SFr21.78 billion. Analysts ...

NEW YORK (Reuters) - US gold futures finished with moderate gains on Monday and set a new 25-year high early as investors remained concerned about Iran's nuclear program and the dollar slid to multi-month lows against most major currencies, traders said. "It was a combination of themes we've been seeing for the year, which is a commodity that is exploding upwards in price and a US dollar weakenin ...

By Jennifer Hughes in New YorkPublished: May 1 2006 18:29 | Last updated: May 1 2006 18:29The world economy may be able to unwind its current imbalances without serious disruption, Stephen Roach, Morgan Stanley’s famously bearish chief economist, predicted on Monday, in a remarkable revision to several years of gloomy prognosis. // Mr Roach had long warned that the US current account deficit and Asian central banks’ ballooning currency reserves risked destabilising the global financial system. ...

SAN FRANCISCO (Dow Jones) -- The Federal Open Market Committee meeting on May 10 will be the highlight of the economic calendar reporting for the month of May, according to MarketWatch's Washington Bureau Chief Rex Nutting. A rate hike is all but guaranteed at the May 10 meeting. Once again, economists and investors will have to focus on the Fed's statement announcing the increase for clues to  ...

The dollar sank to one-year low against the euro and a seven month low versus the yen as the expectation the Federal Reserve is near ending its monetary tightening. // Worries over the huge budget and fiscal deficits, which have weighed heavily on the greenback in the past have returned to haunt the dollar after last month’s meeting of the Group of Seven industrialised nations focused on addressing global imbalances. The row of Iran’s nuclear ambitions is also weighing on investors minds. Unit ...

TOKYO (Reuters) - The Nikkei was flat on Monday as Sony Corp. (6758.T: Quote, Profile, Research) and other exporters dropped on concerns about a strong yen denting their profits, while pharmaceutical and other defensive stocks drew buyers. A series of rating changes by brokerage firms following earnings announcements last week divided winners and losers, with Pioneer Corp. (6773.T: Quote, Profil ...