Foreign Exchange News

LONDON (AFX) - Gold edged lower retracing some of yesterday's gains after rallying to a new six-month high yesterday. The rising dollar has had somewhat of an influence on gold's price slump said analysts. Gold had rallied yesterday buoyed by fund buying, steadying oil prices and a sagging US dollar. However, the metal retreated earlier in Asia as some players took the view the past week's gains ...

WASHINGTON (AFX) - The Bush administration, under pressure from a Democratic-controlled Congress to do something about America's soaring trade deficit, filed a trade case Friday against China in a dispute involving government subsidies. The complaint filed with the World Trade Organization in Geneva alleges that China is using government support and tax policies to bolster Chinese firms in compet ...

LONDON (AFX) - The dollar fell against the euro after key US non-farm payrolls data for January came in below expectations, although back data for December and November were revised up. Official data released this afternoon showed the US economy created 111,000 jobs in January, below expectations for a gain of 150,000. The news was offset, however, by news the data for November and December were ...

LONDON (AFX) - The dollar was steady against major currencies as the market focused on today's US non-farm payrolls report, which is expected to show healthy jobs growth last month. After a strong ADP report on private non-farm payrolls earlier this week, investors have been gradually upgrading their forecasts for today's key jobs data, although the ADP numbers are often seen as volatile and an u ...

TOKYO (XFN-ASIA) - Foreign exchange rates should reflect economic fundamentals, Japanese Finance Minister Koji Omi said, amid growing concern among US and European policymakers about the yen's recent slide. But Omi declined to comment on specific exchange rate levels and said he was unsure whether the issue of the weak yen would be discussed by finance ministers from the Group of Seven nations at ...

SYDNEY (XFN-ASIA) - The US dollar was softer against the yen and euro here, with currency markets nervously awaiting tonight's US non-farm payrolls data for January, dealers said. Market expectations are centered on a 145,000 rise in employment after the 167,000 increase in December, with the unemployment rate is seen remaining at 4.50 pct. At 2:40 pm (0340 GMT) here, the dollar was at 120.75 ye ...

LONDON (AFX) - The dollar was steady against the euro as market players brushed off this afternoon's weak US ISM survey and awaited tomorrow's key non-farm payrolls data. Figures released this afternoon showed the US manufacturing sector contracted in January, reversing the prior month's expansion. The headline ISM manufacturing index fell to 49.3 in January, compared with 51.4 in December and w ...

LONDON (AFX) - The Swiss franc came off earlier highs after Swiss National Bank president Jean-Pierre Roth failed to say anything particularly hawkish in his speech this afternoon. 4CAST currency analyst Paul Bednarczyk said the market had been speculating that Roth would make further comments about the weakness of the Swiss franc and hint that interest rates would go up more quickly than the mar ...

LONDON (AFX) - Gold closed in on the 6-month high it set yesterday, buoyed by a weaker US dollar and steadying oil prices. At 12.26 pm, spot gold was quoted at 654.50 usd an ounce, up from the 651.90 usd level seen in late New York trades yesterday. The metal set a six month peak of 654.60 usd on Wednesday. Gold rallied yesterday reflecting dollar falls after US rate setters kept interest rates  ...

Mark Prigg, Evening Standard1 February 2007 British consumers are being ripped off by gadget-makers who charge higher prices here than anywhere else, it was claimed today. OVERPRICED: The Sony Playstation 3 console is £305 in the US but a whopping £425 in the UK WANT TO KNOW MORE? How to buy a flat panel TV The iPod currency index Will Froogle help you be frugal? OTHER STORIES New flight tax 'could be illegal' Shell reports record £13bn profit Marke ...