Foreign Exchange News

LONDON (AFX) - European government bonds remained sharply higher, tracking the euro's steep gains against the dollar today on the back of concerns that central banks are set to diversify their assets away from the US. The euro surged this morning, reaching a 19-month high of 1.3110 usd after earlier breaking through the 1.30 usd barrier. The move was sparked by heavy dollar selling following comm ...

Ellen Widdup, Evening Standard24 November 2006 Britain's Christmas bargain hunters could save hundreds of pounds by buying from American websites. CLICK enlarge to expand (Import tax which is payable on some items has not been included) WANT TO KNOW MORE? Sort out your festive finances Click here for Xmas bargains Only two shopping days to an online Xmas OTHER STORIES Tax raid on cars and flights Fresh boost for Isa savers Market report: Friday latest Pound threa ...

Robert Lea, Evening Standard24 November 2006 Quoted Sky television channel operator TV Commerce was considering its future today after telecoms regulators found it guilty of ripping off its viewers, forcing it to close down its daytime station StarDate TV. WANT TO KNOW MORE? Fortune on the cards in 'psychic' listing Quiz TV chiefs face a grilling Under-fire C4 to sell quiz shows Killer  ...

LONDON (AFX) - European government bonds were sharply higher, benefiting from an across-the-board slump in the dollar which has taken the euro to 19-month highs against the US currency. The euro has surged this morning, firstly breaking through the 1.30 level against the dollar and later above the 1.31 mark to reach its highest level since April 2005. Analysts attributed the move to a speech ove ...

The euro on Friday broke through the $1.30 level for the first time since April 2005, and kept moving well above that barrier, as the greenback's rout continued amid concerns over flagging economic growth in the U.S. The euro rose to as high as $1.3085 in a matter of minutes after it captured the $1.30 mark. That's up from $1.2948 late Thursday, and lows of $1.2838 on Wednesday. On Wednesday ...

PRAGUE (AFX) - The Czech koruna hit a new record high of 21.38 koruna against the dollar today. "The Czech currency is strengthening alongside the euro against the dollar," said Raiffeisenbank analyst Ales Michl. "I think the trend will continue to the end of the year. Our forecast is for the Czech currency to firm to 21.10 koruna/dollar by the end of December." Concern about ...

LONDON (AFX) - The euro and the pound surged against the dollar after comments by the deputy governor of the People's Bank of China caused massive selling in the US currency. The euro has pushed through two big options barriers at 1.30 usd and 1.3050 usd to reach a 19-month high of 1.3087 usd, while the pound surged to a 23-month high of 1.9336 usd. In an academic paper Wu Xiaoling said east Asi ...

BEIJING (XFN-ASIA) - The yuan posted a fresh closing high of 7.8506 to the US dollar on the exchange-traded market, compared with 7.8605 yesterday. On the over-the-counter (OTC) market, the yuan also hit at a new high of 7.8525, compared 7.8620 on Thursday. The currency traded between 7.8569-7.8520 on the OTC market, and between 7.8552-7.8506 on the exchange-traded market, according to a Shangha ...

The dollar has plunged to its lowest level against the euro since April 2005 amid concerns for the US economy. The euro surged to $1.30 against the dollar, with many other currencies following suit. Sterling rose almost 1% to $1.93, the yen hit a two-month high and Russia's rouble rose to a seven-year high. Analysts have voiced concerns about the US economy after the White House downgraded its growth forecasts amid a sharp slowdown in the housing market. Meanwhile, expectations that the Euro ...

LONDON - The euro climbed above 1.30 usd after breaking key resistance levels in relatively light trading. The euro was at 1.3065 usd at 8.59 am, up from 1.2970 in Singapore earlier. Steve Barrow, currency strategist at Bear Stearns, said the euro broke out of its recent 1.2450-1.2980 usd range and this triggered program trades which pushed the currency above the 1.30 usd level. "There is ...