Foreign Exchange News

By Brian Love, European Economics Correspondent PARIS (Reuters) - Britain, Sweden and Denmark stand to gain little from joining the euro zone and some of the larger economies of eastern Europe do not perhaps need to rush to join the currency either, says the author of a new report. Richard Baldwin, an economics professor at Geneva's Graduate Institute of International Studies, argues that the UK ...

HONG KONG (Dow Jones) -- Asian markets were mixed Wednesday morning as interest rate concerns and negative business sentiment indications in Japan sent blue-chip exporters such as Sony and Toyota down, while Hong Kong edged up on strength in commodity and telecom shares. The Nikkei was down as much as 0.68%, to 14,549.01, while the Topix index of Tokyo-listed shares fell as much as 0.83% to 1,4 ...

WASHINGTON (Dow Jones) -- The United States is backing greater economic and monetary integration among Asian nations, and isn't ruling out support for a single Asian currency, U.S. Treasury officials said Monday. Treasury Undersecretary for International Affairs Tim Adams told reporters the U.S. hopes to be "intimately involved" in any steps toward fostering deeper economic cooperation among As ...

Rising oil and gas imports gave the eurozone a bigger-than-expected trade deficit in April. Official figures show that the 12-nation bloc had a 2bn euro ($2.5bn; £1.4bn) deficit after recording a 0.6bn euro surplus in March. Large energy exporters Norway and Russia saw their sales to the eurozone grow by 47% and 43% respectively in the first quarter of the year. Imports of consumer goods, particularly from China, also rose. Overall imports from China outstripped sales to the Asian gian ...

By Chikafumi Hodo TOKYO (Reuters) - Gold fell on Monday as the dollar's rise and weaker oil prices prompted light selling by investors who are wary of taking large buy positions after last week's selloff, while technical levels capped any gains. Early rounds of bargain-hunting ran out of steam quickly after spot gold edged as high as $580.10 as investors found few reasons to take new buy positi ...