Foreign Exchange News

LONDON (AFX) - Gold remained under pressure after the dollar failed to move significantly lower against the major currencies following the release of weaker than expected US manufacturing data. The Institute of Supply Management said earlier its purchasing managers index fell to 50.9 in March from 52.3 in February, below expectations for a modest decline to 51.7. The dollar weakened slightly in  ...

LONDON (AFX) - The dollar weakened slightly after a key survey of the US manufacturing sector came in well below expectations, though losses were limited as a surge in the prices components pointed to rising inflationary pressures. The monthly survey from the Institute of Supply Management said its main purchasing managers index for the sector fell to 50.9 in March from 52.3 in February, below ex ...

Press Association2 April 2007 Holiday money for Britons travelling abroad is continuing to stretch further, it was revealed today. WANT TO KNOW MORE? A safe trip - and big savings Buying a home abroad How to move money abroad Foreign currency exchange service 50 ways to save on holidays OTHER STORIES Property may slump next year Tesco refutes monopoly charges Market report: Mond ...

LONDON (AFX) - Gold fell below 660 usd an ounce as market participants held off on safe haven buying, waiting for concrete evidence that the standoff between Iran and Britain has escalated. "Once again gold appears to need solid proof that the situation in Iran is more than just dramatic television material and that there is a valid reason to move to higher ground in values," said Kitco ...

Jo Thornhill, Mail on Sunday2 April 2007 We are all sophisticated travellers now. Not content with boring bucket-and-spade holidays on windswept British beaches, it seems we prefer to go bungee jumping off Mount Everest or swimming with piranha fish in the Amazon. PERU BOUND: Charlotte Ayles is off to Peru in her gap year. WANT TO KNOW MORE? CAR HIRE: Carhiresearch.co.uk INSURANCE: Get the cheapest travel cover GAP YEAR COVER: Acetravelinsurance.com OTHER STORIES Pr ...

SINGAPORE (XFN-ASIA) - The US dollar ended the Asian session steady against the euro but slightly weaker on the yen after failing to hold on to an early rise, which followed the release of the Bank of Japan's quarterly Tankan survey results, analysts said. The BoJ's Tankan survey results showed business sentiment at Japan's large manufacturers dropped for the first time in four quarters, with the ...

SYDNEY (XFN-ASIA) - The US dollar was slightly higher against the yen in midafternoon trade, following the Bank of Japan's first quarter to March Tankan report that indicates some easing in the pace of recovery in the Japanese economy, dealers said. They said the report adds further to the prevailing market view that the BoJ has no need to hurry in hiking interest rates this year. At 2.20 pm (04 ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at 7.7306 to the dollar, according to the China Foreign Exchange Trading System. The rate, published on the official Chinamoney website (www.chinamoney.com.cn), compares with the midpoint of 7.7342 set the previous trading day. The People's Bank of China (PBoC) started setting a daily central parity rate on Jan 4, 2006.  ...

SYDNEY (XFN-ASIA) - The US dollar was lower against the yen and euro after Friday's news that the US had moved to impose special duties on imports of coated paper from China, dealers said. They said the greenback fell on a potential retaliation from China through measures such as reduced purchases of US treasuries, despite earlier news on Friday of stronger-than-expected US inflation data for Feb ...