Foreign Exchange News

NEW YORK (MarketWatch) -- U.S. stocks fell Friday after an unexpected drop in the jobless rate to 4.7% coupled with a bigger-than-expected rise in wage inflation reignited rate-hike fears, with Amazon.com Inc.'s weak earning report further undermining sentiment. A dip in consumer sentiment and a weaker-than-expected report on the nation's services sector also weighed. The Dow Jones Industria ...

The US dollar rallied strongly on Friday, capping a solid week, as labour market data cemented expectations that the Federal Reserve has more rate rises up its sleeve. // Non-farm payrolls overshot expectations for net jobs growth of 250,000, with the 193,000 jobs created in January being augmented by upward revisions of 81,000 to the November and December readings. Furthermore, the unemployment  ...

NEW YORK (MarketWatch) -- U.S. stocks lost ground Friday as the latest employment report reignited rate-hike fears, with a weak earnings report from Amazon.com Inc. further undermining sentiment. A dip in consumer sentiment and a weaker-than-expected report on the nation's services sector also weighed. The Dow Jones Industrial Average (DJI) was last down 55 points at 10,796. The Nasdaq Co ...

NEW YORK (MarketWatch) -- The dollar extended its gains Friday morning, after the January jobs report pointed toward declining unemployment and increased wage inflation, developments that could help persuade the Federal Reserve to continue lifting rates. The dollar last was up 0.8% at 119.35 yen, its strongest level since December 13, 2005. The Labor Department said the jobless rate fell to  ...

NEW YORK (MarketWatch) -- U.S. stocks opened lower Friday as the latest employment report reignited interest-rate hike fears, with a weak earnings report from Amazon.com Inc. further undermining sentiment. The Dow Jones Industrial Average (DJI) was down 27 points at 10,823. The Nasdaq Composite Index (RIXF) fell 14.5 points to 2,267 while the S&P 500 Index (SPX) dropped nearly 6 points t ...

NEW YORK (MarketWatch) - U.S. stock futures are pointing to a slightly lower open Friday as the latest employment report was strong enough to reignite interest-rate hike fears. Dow futures were down 19 points at 10,840, Nasdaq 100 futures fell 5 points to 1,684 while S&P 500 futures were off 1.40 points at 1,270.50. "The market will react posivitely to the employment data later in the se ...

Robert Lea, Evening Standard3 February 2006 BRITISH AIRWAYS' new boss Willie Walsh is facing a make-or-break eight weeks as he attempts to push through a job-slashing programme and find a solution to the airline's £1.4bn pension black hole, the worst in the FTSE 100. FIRST CLASS: BA has lured business travellers with upgrades WANT TO KNOW MORE? DEAL FINDER: Travel insurance TRAVEL: Buy holiday currency POLL: Which of these airlines offers the best value for money?  ...

LONDON (MarketWatch) -- The U.S. dollar traded in a narrow range Friday ahead of an expected climb in U.S. nonfarm payrolls data, a release seen as especially crucial as the Federal Reserve debates whether to hike rates again in March. The euro was at $1.2069 from $1.2081 late Thursday, while the dollar fell to 118.56 yen from 118.55 yen. Economists polled by MarketWatch are expecting nonfar ...

NEW YORK (MarketWatch) - The euro turned higher against the dollar at midday Thursday, benefiting from strong hints from European Central Bank chief Jean- Claude Trichet that the central bank will lift rates in March. Trichet spoke after the ECB left its key rate unchanged at 2.25%. The dollar last traded 0.4% higher at 118.38 yen as the euro rose 0.2% to $ 1.2095. Financial market player ...

NEW YORK (MarketWatch) - The dollar remained higher against the euro and yen early Thursday, after the European Central Bank left its key rate unchanged at 2.25%. The dollar last traded 0.6% higher at 118.56 yen as the euro fell 0.02% to $ 1.2057. The ECB's decision to leave rates unchanged was widely anticipated and in keeping with its conservative monetary policy. Financial market playe ...