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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: exchange rate

exchange rate stories: 15 news summaries

 Euro Cracks $1.50, 
 Dollar Hits New Lows 


Investors shun low-yielding greenback for riskier currencies

Oct 22, 09 4:00 AM CDT
(Newser) - The dollar fell below the $1.50 threshold against the euro yesterday for the first time in 14 months, as investors with renewed appetites for risk continue to abandon the greenback. The dollar is at its lowest level against six other currencies in more than a year, and foreign exchange... More »

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currency • exchange rate • euro • US dollar • weak dollar

 Dollar Headed for Biggest 
 Gains Since '81: Bankers 

Greenback set for 17.1% gain against euro

Jun 29, 09 8:24 AM CDT
(Newser) - The dollar is poised for its biggest advances in 28 years, according to Deutsche Bank, which predicts a 17.1% gain against the euro by the end of the year. Other banks polled by Bloomberg are similarly bullish about the greenback, which has just endured its worst quarter since 2002.... More »

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currency • exchange rate • currency exchange • euro • US dollar • weak dollar

 Dollar Hits 2009 Low 

Credit rating fears send greenback falling against pound, euro

May 22, 09 6:48 AM CDT
(Newser) - The dollar fell to its lowest level of the year today as investors grew nervous that the US could lose its triple-A credit rating, Reuters reports. The greenback declined to $1.39 against the euro and $1.58 against the pound, echoing similar drops across the world. Yesterday, Moody's said... More »

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currency • exchange rate • pound • euro • US dollar • weak dollar • Triple-A credit rating • credit rating • Jay-ZTV

ANALYSIS

Dollar's Long Rally Likely
to Stall in 2009

Recession, low interest rates will catch up with buoyant greenback

Dec 8, 08 5:28 AM CST
(Newser) - The once moribund dollar has soared 20% against foreign currencies since July, one of the few bright spots in a grim financial landscape. The dollar traded against the euro at $1.28 this morning, down from a high of over $1.60 this summer. But the dollar's rally is expected... More »

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currency • exchange rate • currency exchange • euro • US dollar • US currency • financial crisis

 Dollar Soars to 1-Year High 

Greenback climbs higher still after Fannie-Freddie bailout

Sep 8, 08 8:06 AM CDT
(Newser) - The dollar rallied to a 1-year high against the world's currencies today, following Treasury's decision to seize control of Fannie Mae and Freddie Mac. After an early hiccup, the greenback advanced to $1.41 against the euro while also climbing against the yen, the pound, and the Swiss franc. While... More »

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currency • exchange rate • currency exchange • pound • euro • US dollar • bailout • financial crisis

$1.50 Euro Sparks Biz
Plea for Help

Pricey currency crushing competition
for European industry

Feb 28, 08 4:39 AM CST
(Newser) - Now that its common currency is trading above the $1.50 barrier, eurozone industry is calling for action to remain competitive in global markets. BMW, which has already laid off 5,600 employees, will have to take further action in the event of a "sustained rise" of the euro,... More »

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exchange rate • Nicolas Sarkozy • euro • European Central Bank • global market • US dollar • BMW • Dassault

New York
Loves Euros

Awash in tourists,
Big Apple
shops welcome
stronger currency

Feb 25, 08 11:35 AM CST
(Newser) - Wander through the Big Apple these days and you’ll see signs like “Euros accepted!” and even “Euros Only.” The latter is a joke—dollars are accepted, as are British pounds—but many New York City merchants are more than willing to accept visitors' currency, the... More »

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New York City • tourism • exchange rate • currency exchange • euro • US dollar

Big Apple Opens Arms to Euros

Stores taking foreign currency as weak dollar encourages tourists

Feb 7, 08 12:00 PM CST
(Newser) - The falling dollar has made the US a travel bargain, and some merchants in New York City have flung open their doors—and their tills—to the sudden influx of foreign currencies, Reuters reports. The euro, up 12% against the dollar in the past year, is particularly common. "Money... More »

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New York City • exchange rate • Mexican border • euro • US dollar • weak dollar • Big Apple • Canadian border • foreign currency

Is the Worst Over for the Dollar?

Experts predict modest rise for greenback in '08

Dec 27, 07 12:30 PM CST
(Newser) - After a year that saw the dollar slip to record lows against the euro and its weakest position in decades, the worst might be over for the beleaguered greenback. A survey of 42 strategists by Bloomberg found nearly unanimous consensus that the dollar is set for a gain, with a... More »

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currency • exchange rate • euro • credit crisis • US dollar • US exports

Weak Dollar Draws Foreign Shoppers

International travelers arrive with fat wallets, empty suitcases

Nov 30, 07 9:46 AM CST
(Newser) - Foreigners are taking advantage of the weak US dollar to do their holiday shopping in the States, Time reports in a look at a double-edged trend. Even as American shoppers find the cost of imported goods soaring, international visitors are arriving in droves, and "they're mentioning the exchange rate... More »

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consumer • exchange rate • currency exchange • US dollar

Gulf States May Dump the Dollar

Sinking greenback fuels inflation in booming Gulf economies

Nov 20, 07 2:31 PM CST
(Newser) - The flagging greenback is forcing oil-rich Gulf states to consider uncoupling their currencies from the US dollar to fight runaway inflation at home and the devaluation of their own currencies, the Wall Street Journal reports. Leaders are considering everything from an outright break to revaluing their own currencies to pegging... More »

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Saudi Arabia • exchange rate • Kuwait • US dollar • US currency

Pound Breaks $2.10 Barrier

Dollar hits 26-year low against sterling, new low against euro

Nov 7, 07 7:43 AM CST
(Newser) - Early trading in London has pushed the dollar to its lowest point against sterling in a quarter-century, with one pound now worth $2.10. The Telegraph writes that the dollar's continued fall was encouraged by an announcement in Beijing that the Chinese treasury will diversify its holdings of foreign exchange... More »

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exchange rate • US dollar

Loonie Catches Up to Dollar

First time Loonie equaled greenback since Nov. 1976

Sep 21, 07 3:33 AM CDT
(Newser) - The Canadian dollar reached parity with its US counterpart for the first time in over 30 years yesterday. As recently as March 2002, $1 American bought $1.60 Canadian, but the struggling US economy and the recent interest rate cut have pulled the greenback down, while increased demand for Canadian... More »

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exchange rate • Canada • currency exchange • US economy • US dollar • loonie

Pound Soars Against Dollar

Sterling passes $2.02, raising hopes and filling coffers

Jul 4, 07 1:24 PM CDT
(Newser) - The British pound climbed against the dollar today to a level not seen since June 1981, nudging past $2.02 before closing at $2.0136. The third consecutive trading session with a 26-year high came as the UK braced for a interest rate hike and the US braced for an... More »

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currency • exchange rate • money • trade • interest • US economy • pound • euro • US dollar

Dollar Gets Pounded

As the pound
passes $2, Brits expected to
flock to U.S.

Apr 18, 07 11:53 AM CDT
(Newser) - The British pound hit a 26-year-high against the dollar this morning, triggering inflationary fears there as it pushed past $2 for the first time since Margaret Thatcher's early reign. As  inflation figures spiked to 3.1% in March—the highest  in 10 years—the middle class got hit the hardest,... More »

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inflation • currency • exchange rate • money • pound • interest rate

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