Foreign Exchange News

HONG KONG (Thomson Financial) - The US dollar regained some lost ground against the yen and euro in afternoon trading in Asia Thursday although persisting worries about a sharp slowdown in the US economy is likely to keep pressure on the greenback. "I don't see any specific reason for this. I bet this is just some correction, with investors possibly taking profits after sharp falls in the do ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at a record 7.2775 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 7.2996 set the previous trading day. The People's Bank of China (PBoC) started setting a daily central parity rate on Jan 4 ...

LONDON (Thomson Financial) - The pound has entered the new year in poor shape, particularly against the euro, as expectations for UK rate cuts intensify while the economic outlook worsens. The annual forecasts have been pessimistic, with some analysts even warning of a 50 pct chance of a recession in the UK, all of which has pushed the pound to all-time lows against the euro and made it one of th ...

LONDON (Thomson Financial) - The dollar has started the new year on the back foot against the euro ahead of a raft of US economic data this week that is likely to reinforce concerns about the growth outlook for the world's largest economy. Analysts said the economic news out of the US is likely to keep the market's attention on the growth outlook, though inflationary concerns remain at a time of  ...

HONG KONG (Thomson Financial) - The US dollar extended losses against the euro in afternoon trade in Asia on Wednesday as speculation persisted that the Federal Reserve will lower interest rates again this quarter amid worries over the credit markets and the US economic outlook. "There is a lot of uncertainty in the markets at the moment with concerns building that credit markets will contin ...

LONDON (Thomson Financial) - US SUMMARY: Stocks fall, oil flat on last day of 2007 Index Change Pct change DJIA 13,264.82 -101.05 -0.76 NASDAQ 2,652.28 -22.18 -0.83 S&P 500 1,468.36 -10.13 -0.69 Nymex crude for Feb 95.98 usd -2 cents 10 yr US treasury 4.03 pct MONDAY'S CL ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at a record 7.2996 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 7.3046 set the previous trading day. The People's Bank of China (PBoC) started setting a daily central parity rate on Jan 4 ...