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October 7, 2008 4:39:09 PM CDT

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Stories related to: US dollar

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Stories 61 - 76 of 76

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  • November 2007

    • Pound Breaks $2.10 Barrier

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

      Pound Breaks $2.10 Barrier

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

      Tags

      US dollar  • exchange rate

    • Supermodel Swears Off Dollar

      Bloomberg  |  Nov 5, 07 9:25 PM CST

      Supermodel Swears Off Dollar

      (Newser) - 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  • Warren Buffett  • euro  • currency  • investment  • supermodel  • Gisele Bundchen

  • October 2007

    • Canadians Invade US as Loonie Climbs

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

      Canadians Invade US as Loonie Climbs

      (Newser) - 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

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

      Dollar, Oil Woes Weigh on Market

      (Newser) - 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

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

      Fed News Boosts Dow to Record

      (Newser) - 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

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

    • Dollar's Slide Softens Economy's

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

      Dollar's Slide Softens Economy's

      (Newser) - 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

      Bloomberg  |  Sep 21, 07 3:37 PM CDT

      Markets Wrap Up Banner Week

      (Newser) - 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  • Dow Jones  • stock market  • S&P 500  • Nasdaq  • US dollar  • euro  • Sprint Nextel  • Oracle

    • Loonie Catches Up to Dollar

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

      Loonie Catches Up to Dollar

      (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 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

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

      Feds Give Abe's 5-Spot a Facelift

      (Newser) - 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

      Bloomberg  |  Sep 20, 07 7:07 AM CDT

      Record Low: Euro hits $1.40

      (Newser) - 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  • Asian markets  • euro  • currency

    • Investors Might Reap Rewards of Dollar's Slide

      BusinessWeek  |  Sep 15, 07 5:58 PM CDT

      Investors Might Reap Rewards of Dollar's Slide

      (Newser) - The dollar may be continuing its slow, steady decline against the euro, but many analysts are looking on the bright side, Business Week reports. American stocks, companies, investors, and workers can all benefit from the decreasing value of their currency, economists say, with one calling the dollar’s decline “something to cheer about.” More »

      Tags

      Federal Reserve  • US economy  • credit crisis  • subprime mortgages  • US dollar  • interest rate  • Asian markets  • euro  • European markets

    • Trade Gap Dips to Lowest Level in 3 Years

      Bloomberg  |  Sep 11, 07 9:25 AM CDT

      Trade Gap Dips to Lowest Level in 3 Years

      (Newser) - The US trade gap—the difference in total value between imports and exports—dropped to a 3-year low in July as exports jumped on a weak dollar and growing overseas demand. The figure fell 0.3% to $59.2 billion, roughly on par with the estimate economists surveyed by Bloomberg foresaw. Said one analyst, “the broad outlook for trade looks quite positive.” More »

      Tags

      China  • United States  • housing market  • US dollar  • credit market  • exports  • trade  • imports  • trade deficit  • international trade

    • Dollar Plummets to 15-year Low

      Reuters  |  Sep 8, 07 1:18 PM CDT

      Dollar Plummets to 15-year Low

      (Newser) - Panic over the state of the US economy pushed the dollar to a 15-year low against major currencies yesterday. The drop came on larger-than-expected July payroll declines, data one analyst called “simply horrific.” Many fear that the credit crunch will drive down consumer spending, igniting a recession. Investors accordingly increased bets that the Fed will drop rates, Reuters reports. More »

      Tags

      US economy  • recession  • US dollar  • euro  • financial markets  • currency exchange  • Yen

  • August 2007

    • Credit Squeeze's One Winner: The Dollar

      Bloomberg  |  Aug 16, 07 12:59 PM CDT

      Credit Squeeze's One Winner: The Dollar

      (Newser) - After years of decline, the American dollar has reasserted itself in the face of the worldwide credit crunch. The dollar has rallied against the euro and the pound as banks and investors drop hazardous financial instruments and hold cash, Bloomberg reports, making the implication clear: For all its woes, the dollar remains the world's unrivaled reserve currency. More »

      Tags

      subprime mortgages  • money  • US dollar  • euro  • UBS  • currency

    • China Threatens to Crash Dollar

      Daily Telegraph (UK)  |  Aug 8, 07 5:04 AM CDT

      China Threatens to Crash Dollar

      (Newser) - The Chinese government is threatening to crash the American dollar by liquidating its $1.33 trillion in foreign reserves if the US dares impose trade sanctions to force a revaluation of yuan, reports the Telegraph . Two Communist Party officials have given interviews in recent days with stern warnings directed at the US that China is prepared to engage in an economic "nuclear option." More »

      Tags

      China  • US economy  • Senate  • United States  • US dollar  • economics  • trade  • Communist Party  • Chinese economy  • US  • yuan  • Capitol Hill  • tariffs

  • July 2007

    • Pound Soars Against Dollar

      Daily Telegraph (UK)  |  Jul 4, 07 1:24 PM CDT

      Pound Soars Against Dollar

      (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 extended stay by the $2 pound. More »

      Tags

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