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Stories related to: US dollar

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Stories 41 - 60 of 66

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  • December 2007

    • US Citizenship Denied, Illegal Brazilians Head Home

      newser  |  New York Times  |  Dec 4, 07 7:58 PM CST

      US Citizenship Denied, Illegal Brazilians Head Home

      Anti-immigrant crackdowns have partly succeeded, the New York Times reports, citing a wave of returning middle-class Brazilian illegals. Faced with no way to renew driver's licenses and no hope of legalization, many are going home, where economic conditions aren’t half bad. “Why should you stay if you have a place like Brazil, where there’s hope?” asked one Brazilian businessman. More »

      Tags

      immigration  • Brazil  • US dollar  • illegal immigrant

    • Airbus, VW May Open US Plants

      newser  |  Der Spiegel  |  Dec 4, 07 4:00 PM CST

      Airbus, VW May Open US Plants

      The dollar’s continued weakness against the euro has European companies such as Airbus and VW looking to move production to the US, reports Der Spiegel. “We don’t have a choice,” said the CEO of Aribus parent company EADS. If Airbus wins a contract to supply the US Air Force with 180 refueling jets, the company says it might build an assembly plant in Alabama. More »

      Tags

      US economy  • US dollar  • Airbus  • Volkswagen  • EADS

  • November 2007

    • Weak Dollar Draws Foreign Shoppers

      newser  |  Time  |  Nov 30, 07 9:46 AM CST

      Weak Dollar Draws Foreign Shoppers

      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 often," says one merchant. More »

      Tags

      US dollar  • consumer  • currency exchange  • exchange rate

    • Euro Slips on Interest Rate Speculation

      newser  |  Associated Press  |  Nov 28, 07 7:20 AM CST

      Euro Slips on Interest Rate Speculation

      The euro dropped against the dollar on speculation that the European Central Bank might hold off on raising interest rates, AP reports. The euro hit a record $1.4966 Friday as investors worried about US stability. It was down to $1.4732 this morning in European trading. Germany is feeling the pain of a strong currency, which hurts exports, and officials and consumers are concerned about a slowdown. More »

      Tags

      US dollar  • euro  • currency exchange  • European Central Bank

    • Weak Dollar a 'Life Threat' to Airbus

      newser  |  Financial Times (UK)  |  Nov 23, 07 6:49 AM CST

      Weak Dollar a 'Life Threat' to Airbus

      The weakening dollar has European aerospace giant Airbus in a tailspin that could be “life-threatening,” CEO Tom Enders said yesterday, the Financial Times reports, adding that the exchange rate has “gone beyond the pain barrier.” Airbus said every 10-cent decline in the dollar cost the company €1 billion. The dollar reached a low of $1.4873 against the euro this week. More »

      Tags

      US dollar  • Boeing  • Airbus  • world economy

    • Oil Tops $99 as Dollar Sinks

      newser  |  Reuters  |  Nov 21, 07 4:05 AM CST

      Oil Tops $99 as Dollar Sinks

      The price of oil hit a record high mere pennies from $100 a barrel and the dollar sunk to a new low in early trading today. Oil hit $99.29 but slipped back to $98.64. With cold weather hitting the US, and OPEC supplies limited, some analysts think oil prices could hit the $100- a-barrel milestone as early as today. The continued drop in the dollar against other currencies is helping fuel the rise. More »

      Tags

      oil price  • oil  • US dollar  • crude oil  • OPEC  • euro  • commodities

    • Gulf States May Dump the Dollar

      newser  |  Wall Street Journal  |  Nov 20, 07 2:31 PM CST

      Gulf States May Dump the Dollar

      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 them to several currencies, including the dollar. More »

      Tags

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

    • Greenback Assaulted at OPEC meeting

      newser  |  Associated Press  |  Nov 18, 07 9:52 PM CST

      Greenback Assaulted at OPEC meeting

      Calling it a "small and worthless piece of paper,” Iran’s president today urged OPEC's members to drop the depreciating US dollar as its official currency. Mahmoud Ahmadinejad blamed President Bush for the dollar’s decline and its adverse effects. The comments highlight mounting tension among OPEC members, the AP reports. More »

      Tags

      Iran  • oil price  • Saudi Arabia  • Venezuela  • Mahmoud Ahmadinejad  • Hugo Chavez  • US dollar  • OPEC  • King Abdullah  • United Arab Emirates  • Kuwait  • Qatar  • foreign market

    • Feds Seize Ron Paul 'Dollars'

      newser  |  Washington Post  |  Nov 17, 07 7:35 AM CST

      Feds Seize Ron Paul 'Dollars'

      Federal agents raided the Indiana headquarters of a so-called "sound money" group this week, seizing nearly 60,000 "Ron Paul Dollars"—copper coins bearing the likeness of the renegade Texan congressman, GOP candidate for president and sound-money advocate. The organization has more than $20 million in illegal private currency, dubbed Liberty Dollars, in circulation; they're said to be backed by silver and gold stored in Idaho, the Washington Post reports. More »

      Tags

      Federal Reserve  • US dollar  • Ron Paul  • currency  • US Mint  • libertarians

    • Trade Deficit Nosedives Unexpectedly

      newser  |  Bloomberg  |  Nov 9, 07 2:23 PM CST

      Trade Deficit Nosedives Unexpectedly

      The weakening dollar has an economic silver lining, Bloomberg reports. The government today said the slumping currency helped boost US exports and unexpectedly narrow the trade deficit in September to its smallest level since May 2005. "Instead of being the drag that it has been for the last 15 years, trade is finally becoming a net positive,'' one economist says. More »

      Tags

      US dollar  • trade deficit

    • Pound Breaks $2.10 Barrier

      newser  |  Daily Telegraph (UK)  |  Nov 7, 07 7:43 AM CST

      Pound Breaks $2.10 Barrier

      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 reserves, saying, "We will favor stronger currencies over weaker ones." More »

      Tags

      US dollar  • exchange rate

    • Supermodel Swears Off Dollar

      newser  |  Bloomberg  |  Nov 5, 07 9:25 PM CST

      Supermodel Swears Off Dollar

      Gisele Bundchen, who pulled in $33M in front of the camera this year, doesn't like the looks of the dollar. Following the lead of billionaires Warren Buffett and Bill Gross, the world's richest model is asking to be paid in some other currency, usually the euro. “We don't know what will happen to the dollar,'' commented Patricia Bundchen, the model’s twin and manager. More »

      Tags

      US dollar  • euro  • Warren Buffett  • currency  • investment  • supermodel  • Gisele Bundchen

  • October 2007

    • Canadians Invade US as Loonie Climbs

      newser  |  National Post (Canada)  |  Oct 29, 07 11:47 AM CDT

      Canadians Invade US as Loonie Climbs

      The commodity-heavy Canadian loonie rose above US$1.04 this morning—just short of its 1957 all-time high of $1.06—on news that Mexico would cut oil production 20%, reports the National Post. Now that the currency tables have turned, Canadian shoppers and vacationers couldn't be happier, the Guardian reports. "Everything is just so cheap for us," gushed one. More »

      Tags

      Canada  • US dollar  • tourism  • deficit  • loonie

    • Dollar, Oil Woes Weigh on Market

      newser  |  Wall Street Journal  |  Oct 18, 07 3:48 PM CDT

      Dollar, Oil Woes Weigh on Market

      Stocks mostly finished where they began today, despite the dollar hitting a record low against the euro and continued record-busting oil prices ($89.45 a barrel). Weak Bank of America profit figures started off the day badly, the Wall Street Journal reports. The Dow was down 3.58 to 13888.96, the Nasdaq up 6.64 to 2799.31, and the S&P down 1.16 to 1540.08. More »

      Tags

      oil price  • US dollar  • euro

    • Fed News Boosts Dow to Record

      newser  |  Wall Street Journal  |  Oct 9, 07 3:45 PM CDT

      Fed News Boosts Dow to Record

      The markets spiked to record highs today after the Fed released minutes from its critical September meeting that revealed unanimous consent for the large interest rate cuts. The Dow climbed 120.80 points to close at an all-time high of 14,164.53. One economist told the Journal, “Just seeing that the Fed feels your pain is worth something.”  More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • US dollar  • quarterly earnings  • Alcoa  • Fed

    • Dollar's Slide Softens Economy's

      newser  |  Wall Street Journal  |  Oct 1, 07 1:44 PM CDT

      Dollar's Slide Softens Economy's

      Even as the weakening US dollar has Americans dropping European vacation plans, some economists are finding a silver lining: A sudden upswing in exports that could help offset the tanking housing market. And while that jump was predictable, writes the Wall Street Journal, a limp greenback also works to slow one vital export: that of American jobs and factories. More »

      Tags

      money  • US dollar  • tourism  • euro  • exports  • currency  • US currency

  • September 2007

    • Markets Wrap Up Banner Week

      newser  |  Bloomberg  |  Sep 21, 07 3:37 PM CDT

      Markets Wrap Up Banner Week

      Stocks climbed again today, closing out the biggest weekly gain since March. The Dow rose 53.49 to 13,820.19, the Nasdaq climbed 16.93 to 2,671.22, and the S&P 500 closed at 1,525.75, up 7.00. The Dow and S&P rose 2.8% on the week. In the wake of the Fed's rate cut Tuesday, "confidence is returning", one fund manager told Bloomberg. More »

      Tags

      Google  • stock market  • S&P 500  • Nasdaq  • Dow Jones  • US dollar  • euro  • Sprint Nextel  • Oracle

    • Loonie Catches Up to Dollar

      newser  |  Canadian Press  |  Sep 21, 07 3:33 AM CDT

      Loonie Catches Up to Dollar

      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 products such as wheat, oil and coal have buoyed the Loonie. More »

      Tags

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

    • Feds Give Abe's 5-Spot a Facelift

      newser  |  Associated Press  |  Sep 20, 07 4:20 PM CDT

      Feds Give Abe's 5-Spot a Facelift

      When you pull out a $5 bill next spring, you'll still see Honest Abe—but you'll also see a bunch of purple and gray, some big number fives, and new watermarks and security threads. Sick of pesky counterfeiters bleaching the fiver and turning it into a C-note, the feds unveiled the redesigned bill today, the AP reports. More »

      Tags

      US dollar  • currency  • Abraham Lincoln  • US Mint  • counterfeit  • watermark

    • Record Low: Euro hits $1.40

      newser  |  Bloomberg  |  Sep 20, 07 7:07 AM CDT

      Record Low: Euro hits $1.40

      The dollar dropped to a record low against the euro in early Asian trading on Thursday, breaking the $1.40 barrier for the first time since the establishment of the common currency. The Fed's half-point cut in interest rates led investors to drop the greenback, and chief Ben Bernanke's upcoming testimony before Congress might spell further trouble. More »

      Tags

      Federal Reserve  • Ben Bernanke  • US dollar  • euro  • Asian markets  • currency

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