Foreign Exchange News

NEW YORK (AFX) - The dollar traded mixed Friday against the other major currencies in New York trading. The euro bought $1.2758 in afternoon New York trading, unchanged from late Thursday in New York. The British pound slipped to $1.8868 from $1.8874 late Thursday. The dollar is sensitive to any hints about the Federal Reserve's future course after the central bank left interest rates unchanged  ...

MOSCOW (AFX) - The rouble traded at 26.80 per US dollar on the foreign exchange market compared with 26.78 roubles yesterday. Against the euro, it traded at 34.21 compared with 34.23 roubles yesterday. Volume was 1.2 bln usd compared with 1.1 bln usd yesterday and 29.6 mln eur compared with 23.2 mln eur yesterday. newsdesk@afxnews.com afp/jsa COPYRIGHT Copyright AFX News Limited 2005. All righ ...

SHANGHAI (XFN-ASIA) - The yuan ended at 7.9768 to the dollar on the exchange-traded market, against yesterday's close of 7.9715, traders said. The central bank set a central parity rate of 7.9715 to the dollar before the start of trading, compared with yesterday's 7.9708. The People's Bank of China allows a trading band of 0.3 pct on either side of the midpoint. The day's last trading price of 7 ...

BEIJING (XFN-ASIA) - Diversifying China's foreign exchange portfolio away from the dollar requires caution and gradual measures to avoid further speculation in the yuan, according to the overseas edition of the People's Daily, the communist party newspaper. The report said that about 70 pct of China's reserves are held in US dollars, confirming widespread speculation about the weighting. The new ...

BEIJING (XFN-ASIA) - China's National Foreign Exchange Center said the central bank has set the yuan central parity at 7.9715 to the dollar. The rate, published on the official Chinamoney website, compares with a midpoint of 7.9708 set the previous trading day. The People's Bank of China started setting a daily central parity rate on Jan 4. On July 21, 2005, China freed the yuan from an 11-year ...

SYDNEY (XFN-ASIA) - The US dollar was trading higher against the yen, but down against the euro as traders await Federal Reserve chairman Ben Bernanke's speech this evening, dealers said. They said expectations are riding on the central banker's speech providing a clearer direction for currency markets as weaker US data is being offset by speculative short covering in the US dollar. At 11:25 am  ...

LONDON (AFX) - The dollar gained further, rising to nine-day highs against the euro after US new homes sales data were considered not as bad as many had feared. Figures out late this afternoon showed US new home sales fell by 4.3 pct in July, their biggest fall since February, though market players were relieved that the data were not worse after yesterday's sharp fall in existing home sales. &q ...

The dollar fell against the euro and traded little changed versus the yen early Thursday after the Europe's shared currency was lifted by better than expected results from a business climate survey. The greenback slightly pared losses after a government report showed a mixed picture of new orders for U.S.-made durable goods. Durable-goods orders fell 2.4% in July on a big decline in orders for  ...

SAN FRANCISCO (Dow Jones) -- Frank Watson of Forex Capital Markets has always assumed that some of the people who click on his company's online ads, which are placed alongside Google Inc.'s search results, do so fraudulently. Late last month, Watson had his assumptions confirmed by an authoritative source -- Google itself. The world's biggest provider of search advertising told him 20% of su ...

LONDON (AFX) - The dollar rose against the euro after the detail of this afternoon's US durable goods orders data was viewed as positive despite a weak headline number, while weekly jobless claim figures were also strong. Figures showed US durable goods orders fell by 2.4 pct in July, well below expectations for a rise of 0.5 pct. The detail of the release, however, was much more positive, with o ...