Foreign Exchange News

TOKYO (Thomson Financial) - The US dollar was mixed against major currencies in early Tokyo trading, with investors reluctant to take positions ahead of major economic events in the US, including a closely-watched Federal Open Market Committee meeting. President Bush is scheduled to deliver his State of the Union address on Monday and the Federal Reserve is to hold its first regular meeting of th ...

BEIJING (XFN-ASIA) - The central bank has set the yuan central parity rate at a record 7.1996 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 7.2065 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 dollar regained some ground against the euro as equity markets came off their earlier highs, although the general recovery in risk appetite is keeping it under pressure. The euro rallied strongly yesterday and overnight as stock markets began to recover some of the week's earlier losses, and as expectations for a euro zone interest rate cut began to fade. With lit ...

By Louise Heavens SINGAPORE (Reuters) - Most major Asian share markets rose on Thursday, lifted by banks and financials after the U.S. government outlined a plan to rescue battered bond insurers and stave off a fresh round of billion-dollar writedowns. Government bonds retreated from this week's multi-year peaks as investors piled back into stocks, hoping the rescue package could give the banking  ...

European markets were not impressed by yesterday’s rate cut in the US, dropping again on Wednesday. The FTSE Eurofirst 300 was 2.8 percent lower to 1,267.8. The CAC-40 fell 4.25 percent to 4,636.76 and Madrid’s IBEX was down 4.56 percent to 12,254.6 while the Dax dropped 4.88 percent to 6,439.21. Meanwhile in London, the FTSE 100 was down 2.28 percent to 5,609.3 while the FTSE 250 was 1.24 percent lower to 9,493.7. Most Asia-Pacific equities markets were higher on the session. Taiwan’ ...

Europe’s equities markets were lower on Monday‘s session. The FTSE Eurofirst 300 dropped 0.4 percent to 1,520.55. In Madrid the IBEX fell 0.16 percent to 15,735 while the Dax was down 0.42 percent to 7,837.26 in Frankfurt and the Paris CAC-40 was 0.42 percent lower to 7,837.26. In London, the FTSE 100 dropped 0.71 percent to 6,386.6 while the FTSE 250 was down 1.76 percent to 10,560. Equities markets in the Asia-Pacific region were mixed, with most moves in either direction limited. Among ...

HONG KONG (XFN-ASIA) - Share prices were sharply higher midmorning, rebounding in line with the region after the US Federal Reserve announced a sudden, big cut in its key interest rate in a bid to avert an economic recession. The Fed lowered the federal funds rate by 75 basis points to 3.5 pct, responding to a global plunge in stock markets sparked by worries over the US economy. The Hong Kong M ...

TOKYO (Thomson Financial) - The US dollar came off its intra-session high against the yen as the surprise rate cut by the Fed failed to dispel concerns about the US economy and restore investors' appetite for riskier assets. The Fed cut its benchmark federal funds rate and discount rate by 75 basis points each, citing a weakening economic outlook, increasing downside risks to growth, deterioratio ...

LONDON (Thomson Financial) - US SUMMARY: Stocks lower, oil dips Index Change Pct change DJIA 11971.19 -128.11 -1.00 NASDAQ 2292.27 -47.75 -2.04 S&P 500 1310.50 -14.69 -1.11 eur-usd 1.4612 -0.0010 Nymex crude for Feb 89.85 usd -72 cents YESTERDAY'S CLOSE STO ...

SYDNEY (Thomson Financial) - The Australian dollar jumped following the release of fourth quarter consumer price data which was stronger-than-expected, suggesting the Reserve Bank of Australia (RBA) may raise interest rates at its February 5 policy meeting. The dollar rose to 87.36 US cents just after the data was released at 11.30 am (0230 am) from 87.17 US cents immediately before the data's re ...