The currency market remains very volatile and the main focus has been on Capitol Hill where the Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were giving their testimony,” said Commerzbank analyst Ulrich Leuchtmann.
Archive for the ‘$US’ Category
Dollar loses ground against euro, yen
Posted by financialbriefs on September 25, 2008
Posted in $US, Economy, Markets, News, World | Leave a Comment »
Yuan hits new high against U.S. dollar after 2 months of depreciation
Posted by financialbriefs on September 23, 2008
China’s currency, the yuan, on Tuesday hit a new high against the weakening U.S. dollar on the recovery of oil prices on global markets.
Posted in $US, China, Economy, Markets, News | Leave a Comment »
Dollar Weakens Most Since Euro’s 1999 Debut on Budget Deficit
Posted by financialbriefs on September 22, 2008
The dollar weakened the most against the euro since the European currency’s 1999 debut on concern a U.S. proposal to buy $700 billion of troubled assets from financial firms will inflate the budget deficit.
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FOREX-US dollar deepens losses vs euro, falls 2 percent
Posted by financialbriefs on September 22, 2008
The U.S. dollar extended losses on Monday, falling 2 percent against the euro to a fresh three-week low, weighed down by worries about the fiscal impact of the U.S. government’s $700-billion bailout plan
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Dollar May Get `Crushed’ as Traders Weigh Up Bailout
Posted by financialbriefs on September 22, 2008
The combination of spending $700 billion on soured mortgage-related assets and providing $400 billion to guarantee money-market mutual funds will boost U.S. borrowing as much as $1 trillion, according to Barclays Capital…
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