Foreign Exchange News

Simon Lambert, This is Money16 December 2006 Exotic and cheap Eastern European property are failing to lure British buyers of homes abroad away from traditional favourites France and Spain, according to a new study. BEACH LIFE: The sunkissed sands of France and Spain are still a top draw for British buyers WANT TO KNOW MORE? REPORT: A tenth of Brits live abroad TIPS: When it's time to sell overseas HOMES ABROAD: News and features on overseas property OTHER STORIES In ...

LONDON (AFX) - The euro fell to three-week lows against the dollar as the US currency recovered from earlier losses in very choppy pre-Christmas trade. Earlier, the dollar had fallen sharply following weak US inflation data, but later better-than-expected US portfolio flows figures helped it to erase much of those losses. Analysts also pointed to talk of central bank buying of dollars at certain ...

LONDON (AFX) - The dollar came off lows as strong US portfolio flows figures helped to offset weak US inflation data this afternoon. Key inflation figures showed both US headline and core CPI inflation were unchanged in November, against expectations for a 0.2 pct rise in both. The benign figures will re-ignite speculation that the Federal Reserve could cut interest rates early next year. The d ...

LONDON (AFX) - The dollar fell sharply after US inflation figures came in below expectations, re-igniting talk of a US interest rate cut next year. The figures showed both US headline and core CPI inflation were unchanged in November, against expectations for a 0.2 pct rise in both. At 1.48 pm, the euro was trading at 1.3178 usd, up from 1.3105 just before the data were released, while the pound ...

BEIJING (XFN-ASIA) - US officials attending the first Strategic Economic Dialogue here pressed their Chinese hosts for faster progress on economic reforms, including more exchange rate flexibility, but Beijing resisted calls to speed up its effort, US Treasury Secretary Henry Paulson said Paulson said American officials made it clear during the two-day meeting that further flexibility of the yuan ...

BEIJING (XFN-ASIA) - US Treasury Secretary Henry Paulson said Washington needs tangible successes to measure progress in economic issues with China. Paulson, speaking to reporters after two days of meetings with senior Chinese officials, said that the US and China agree on the need for reforms but they differ on the speed of implementation. "We have a common interest in the right outcome bu ...

BEIJING (XFN-ASIA) - The yuan closed at 7.8275 to the US dollar on the over-the-counter (OTC) market, compared with yesterday's record high of 7.8185. On the exchange-traded market, the yuan ended at 7.8265, compared with Thursday's closing level of 7.8201, according to a Tianjin-based trader. The currency traded between 7.8313-7.8195 on the OTC market, and between 7.8330-7.8195 on the exchange- ...

SINGAPORE (XFN-ASIA) - The US dollar continued to edge lower against the yen in afternoon trading here because of perceptions that the results of the latest quarterly Tankan survey of Japanese business sentiment have shortened the odds against the Bank of Japan raising interest rates next week, dealers said. At 2.18 pm here (0618 GMT), the dollar was at 117.87 yen, down from 117.90 yen in Sydney  ...

BEIJING (XFN-ASIA) - The Chinese economy would become more responsive to monetary policy actions if the country were to move toward a more flexible exchange rate, Federal Reserve Chairman Ben Bernanke said. "If fluctuations in the value of the RMB (yuan) remain limited within a narrow range, permitting substantial capital mobility would almost entirely eliminate the PBOC's (People's Bank of  ...

BEIJING (XFN-ASIA) - The Chinese economy would become more responsive to monetary policy actions if the country were to move toward a more flexible exchange rate, Federal Reserve Chairman Ben Bernanke said. "If fluctuations in the value of the RMB (yuan) remain limited within a narrow range, permitting substantial capital mobility would almost entirely eliminate the PBOC's (People's Bank of  ...