Foreign Exchange News

NEW YORK -(Dow Jones)- Profit-taking after a big run-up over the last week knocked gold futures off a one-month high Friday, resulting in a lower close, traders and analysts said. August gold traded up to $639.50 an ounce, its highest level since June 6, as the dollar sagged Friday morning in the wake of a softer-than-expected report on June U.S. non-farm payrolls. The metal subsequently fell b ...

The dollar tumbled to a one-month low versus the euro and a more than three-week nadir against the yen early Friday after much weaker-than-expected payrolls data reinforced market expectations the Federal Reserve's interest-rate tightening campaign is coming to a close. Nonfarm payrolls expanded by 121,000 in June, lower than the 174,000 expected by economists surveyed by MarketWatch. The unemp ...

HONG KONG (Dow Jones) -- China's yuan ended higher against the dollar Friday, as the greenback fell below the 7.99 level for the first time since Beijing revalued its currency a year ago, with traders fuelled by talk of an emergency meeting at China's central bank. The dollar ended at 7.9859 yuan in over-the-counter foreign exchange trading, after trading in a relatively wide range of 7.9850 yu ...

The dollar rose against major foreign-exchange counterparts Wednesday after solid private-sector employment data raised speculation that a closely watched payrolls report due out Friday would surprise on the upside, supporting the case for the Federal Reserve to keep lifting interest rates. U.S. payroll growth probably expanded at a healthy rate in June, according to the ADP national employment ...

The dollar rose against the euro, and was little changed versus the yen early Wednesday with investors looking ahead to Friday's U.S. nonfarm employment data and amid speculation that the Bank of Japan will end its zero-interest-rate policy as early as next week. The greenback firmed after an ADP national employment survey said U.S. private-sector nonfarm payrolls increased by about 368,000 in  ...

By James Morris LONDON (Reuters) - Equity derivatives volumes have broken records in the first half of 2006 as they become established risk management and portfolio tools for hedge funds and increasingly for traditional investors. Euronext.liffe (ENXT.PA: Quote, Profile, Research) and Eurex (DB1Gn.DE: Quote, Profile, Research) , the two leading derivatives exchanges in Europe, both announced su ...

European shares dipped lower in light trading on Tuesday, with the automobile sector in decline on concerns over the state of both the U.S. and European market. The U.K.'s FTSE 100 indexdeclined 0.5% at 5,858, the German DAX Xetra 30 indexdipped 0.2% at 5,704 and the French CAC-40 indexlost 0.4% at 4,959. U.S. stocks closed higher on Monday after unexpectedly economic weak data were seen as  ...

The dollar rose against Japan yen but traded little changed against the euro Monday, as investors consolidated gains after the greenback's steep losses last week. Meanwhile, the euro touched a new record high in yen trading, underpinned by market speculation that the European Central Bank will hike interest rates this week. The ECB meets Thursday. "The greenback's upticks seem largely correc ...

NEW YORK -(Dow Jones)- Low liquidity ahead of the holiday weekend and a sharp drop in the U.S. dollar led to a strong rally in precious metals. The benchmark August gold contract on the New York Mercantile Exchange settled $27.10 higher at $616 an ounce. The contract reached $618 an ounce during the session, marking its highest level since June 9. Traders said a combination of the dollar's d ...