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July 23, 2008 5:10:32 PM CDT

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Stories related to: US dollar

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  • March 2008

    • New $5 Bill Debuts Today

      newser  |  Associated Press  |  Mar 13, 08 11:45 AM CDT

      New $5 Bill Debuts Today

      Honest Abe may've been a bit pasty and gaunt, but the public can now see him in a more vivid hue: The redesigned $5 bill, complete with splashes of purple designed to thwart pesky counterfeiters, is being released today. Lincoln keeps his place on the front, and his memorial on the back—and the first new fiver will be spent at Lincoln's Cottage in Washington, DC. More »

      Tags

      Federal Reserve  • US dollar  • Abraham Lincoln  • US Mint  • counterfeit  • US currency  • watermark  • counterfeiters

    • Dollar Sinks Below 100 Yen

      newser  |  Financial Times (UK)  |  Mar 13, 08 5:10 AM CDT

      Dollar Sinks Below 100 Yen

      The dollar's decline continued today, dropping below the symbolically dramatic threshhold of 100 yen for the first time in 12 years. The greenback held on just above ¥100 during the trading day in Tokyo before slumping to ¥99.80 in Europe this morning. The dollar took a pummeling across the board, trading at record lows against not only the yen but also the euro and the Swiss franc. More »

      Tags

      Japan  • US dollar  • Nikkei  • Tokyo  • yen

    • Dollar Hit as Emerging Economies Fight Inflation

      newser  |  Wall Street Journal  |  Mar 11, 08 7:32 AM CDT

      Dollar Hit as Emerging Economies Fight Inflation

      A weak US dollar continued to fuel surging commodity prices today, keeping oil near $108 a barrel and moving a gallon of gas to $3.225, with analysts predicting near $4 prices by spring, the Wall Street Journal reports. Stress on the greenback is coming from not only major but minor currencies, as developing nations fight inflation by relaxing currency controls. More »

      Tags

      gas prices  • oil  • US dollar  • euro  • commodities  • yuan

    • Yen Pounds Dollar as Markets Fall

      newser  |  Reuters  |  Mar 3, 08 5:42 AM CST

      Yen Pounds Dollar as Markets Fall

      The dollar’s skid accelerated today, taking it to a three-year low against the Japanese yen, and pushing the free-falling greenback to a record bottom against the Swiss franc and other currencies amid worries that subprime woes will worsen, Reuters reports. Worldwide, stocks dove lower on broad concerns about the US economy. More »

      Tags

      subprime crisis  • stocks  • US dollar  • currency exchange  • Yen

  • February 2008

    • A Vintage Year for Wine Exports

      newser  |  Los Angeles Times  |  Feb 29, 08 12:31 PM CST

      A Vintage Year for Wine Exports

      The dollar’s decline is a boon for California winemakers, who’ve turned the greenback’s challenges into opportunities, expanding exports of everything from top vintages to bulk table wines, reports the Los Angeles Times . California wine exports, 95% of the wine the US sends overseas, jumped 9% to nearly $1 billion in 2007. "American wines are a bargain,” said one analyst. More »

      Tags

      California  • US dollar  • wine  • weak dollar  • wineries  • wine industry  • US exports  • Gallo

    • Dollar's Slide Pushing Oil Prices Higher

      newser  |  Bloomberg  |  Feb 29, 08 7:21 AM CST

      Dollar's Slide Pushing Oil Prices Higher

      The dollar continued its fall as unrelentingly dismal economic data eroded confidence in the US economy, Bloomberg reports. The greenback set a new low of $1.52 against the euro this morning and hit a three-year bottom against the Japanese yen. Oil surged more than $2 a barrel to $103.05 in Asian trading before closing at $102.92.  More »

      Tags

      US economy  • recession  • gas prices  • oil  • US dollar  • crude oil  • euro  • yen

    • $1.50 Euro Sparks Biz Plea for Help

      newser  |  Daily Telegraph (UK)  |  Feb 28, 08 4:39 AM CST

      $1.50 Euro Sparks Biz Plea for Help

      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, reports the Telegraph . "We can't cope with such an exchange gap," compained the CEO of Dassault, France's top aviation company. More »

      Tags

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

    • Dollar Slides to Record Low; Oil Tops $102

      newser  |  Bloomberg  |  Feb 27, 08 6:27 AM CST

      Dollar Slides to Record Low; Oil Tops $102

      The dollar declined against most major currencies and fell to its lowest level ever against the euro today as markets anticipated another rate cut from the Fed when it meets March 18, increasing the value of assets outside the US, Bloomberg reports. The dollar’s erosion pushed commodity prices up, with oil topping $102 a barrel for the first time. More »

      Tags

      oil price  • oil  • Ben Bernanke  • US dollar  • South Africa  • euro  • Taiwan  • New Zealand  • yuan  • Yen  • Fed funds rate

    • New York Loves Euros

      newser  |  Washington Post  |  Feb 25, 08 11:35 AM CST

      New York Loves Euros

      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 Washington Post reports. “I need euros,” said one street vendor. “The dollar’s going down.” More »

      Tags

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

    • Dollar Gains Slightly Against the Euro

      newser  |  Associated Press  |  Feb 25, 08 5:34 AM CST

      Dollar Gains Slightly Against the Euro

      European markets saw the US dollar edge higher against the euro, yen and British pound today as traders looked for clues as to whether the US economy would avoid a recession, reports the Associated Press. Today’s report on January sales of existing homes will likely cast some light on whether the subprime virus will continue to drag the economy down. More »

      Tags

      US economy  • US dollar  • euro  • housing  • currency exchange  • pound

    • Big Apple Opens Arms to Euros

      newser  |  Reuters  |  Feb 7, 08 12:00 PM CST

      Big Apple Opens Arms to Euros

      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 is money,” said wine-store owner Robert Chu. More »

      Tags

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

    • Warren Buffett Chides Banks for Role in Market Mayhem

      newser  |  Daily Telegraph (UK)  |  Feb 7, 08 2:42 AM CST

      Warren Buffett Chides Banks for Role in Market Mayhem

      Billionaire Warren Buffett thumbed his nose at eminent investment banks today, claiming they caused their own demise in the subprime mortgage meltdown. "It's a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end," Buffett said. More »

      Tags

      subprime crisis  • US dollar  • Warren Buffett  • investment bankers

  • January 2008
  • December 2007

    • Yuan-Dollar Battle Continues

      newser  |  Wall Street Journal  |  Dec 31, 07 9:50 AM CST

      Yuan-Dollar Battle Continues

      Despite the yuan's continued appreciation against the dollar this year, at nearly 7%—double its growth in 2006—critics say the currency needs to adjust even higher to balance China's trade surplus, reports the Wall Street Journal. In the US, China’s economic strength has become a standard concern on the presidential campaign trail as candidates decry Bejiing’s currency manipulation. More »

      Tags

      China  • US dollar  • exports  • yuan

    • Is the Worst Over for the Dollar?

      newser  |  Bloomberg  |  Dec 27, 07 12:30 PM CST

      Is the Worst Over for the Dollar?

      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 median prediction of a 3.5% rise against the euro, to $1.40, in 2008. More »

      Tags

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

    • Weaker Dollar Revamps World Economy

      newser  |  Washington Post  |  Dec 24, 07 11:04 AM CST

      Weaker Dollar Revamps World Economy

      A declining US dollar is sparking changes worldwide, drawing jobs to the States and spurring sales of US goods, but also ending an age of rich Americans abroad and hurting economies that are pegged to the note. Its 7-year, 40% drop against the Euro is no short-term slide either, experts say. Even Jay-Z is touting Euros in his new video, "Black Magic," which extols lavish Manhattan lifestyles. More »

      Tags

      US economy  • US dollar  • Boeing  • Airbus  • euro  • global economy

    • Stocks Plunge to End Off Week

      newser  |  Wall Street Journal  |  Dec 14, 07 3:51 PM CST

      Stocks Plunge to End Off Week

      The Dow dived 178.11 points today to 13,339.85 after a 0.8% spike in the consumer price index, the biggest since September 2005, sparked concern that the era of rate cuts might be over. Inflation was “the 800-pound gorilla in the room,” one strategist told the Journal. The Nasdaq slid 32.75 to 2,635.74, and the S&P 500 fell 20.46 to 1,467.95. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • inflation  • Citigroup  • US dollar  • consumer confidence index

    • China Looks to Buy American

      newser  |  Bloomberg  |  Dec 10, 07 7:27 PM CST

      China Looks to Buy American

      China, increasingly being called upon to more rapidly adjust the growth of the yuan against the dollar, is looking to expand its investment in US assets as a way to funnel its powerhouse currency out of the country, Bloomberg reports today. Treasury Secretary Henry Paulson visits Beijing Wednesday for a third round of strategic trade talks, and will push yuan appreciation as a consumer price control measure. More »

      Tags

      China  • credit crisis  • inflation  • Henry Paulson  • US dollar  • Beijing  • currency exchange  • yuan  • US exports  • trade surplus

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