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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: US dollar

US dollar stories: 103 news summaries

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ANALYSIS

 4 Financial Doomsday Scenarios 


Dec 17, 08 11:20 AM CST
(Newser) - James Rickards is far more pessimistic about the economic crisis and its global implications than most of his analyst colleagues, Politico reports. But he’s also well respected by US intelligence and defense services. Here are four of his nightmare scenarios.
  • Terrorism: Al-Qaeda has long sought to disrupt the
... More »

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China • terrorism • depression • recession • national debt • euro • credit crisis • US dollar • financial crisis • economic downturn • recession depression

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

In Rare Move, Luxury Goods Peddlers Cut Prices

Economic downturn forces 'creative' thinking

Nov 14, 08 9:47 AM CST
(Newser) - Facing a worldwide economic downturn, some makers of luxury goods—designer clothes, bags, shoes—are breaking with long-held tradition and trimming prices in the US, the Wall Street Journal reports. Companies such as Chanel, Versace, and Chloe are making cuts of up to 10%. Still, when image is key, purveyors... More »

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fashion • world economy • price cut • US dollar • fashion label

Global Stock Markets Mixed After Obama Win

Asia sees credit thaw, Europe dips on weak earnings reports

Nov 5, 08 5:39 AM CST
(Newser) - The dollar gained ground on the euro following Barack Obama’s presidential election win, as investors sensed a glimmer of hope in the US battle to turn around its economy under a new administration. Asian markets were up as credit worries eased slightly, reports Bloomberg. But poor earnings reports sent... More »

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Barack Obama • Asian stocks • US dollar • European stocks • financial crisis

 Rate Cut Sparks 
 Global Market Rally 

Investors pour back into markets looking for bargains with cheap money

Oct 30, 08 6:42 AM CDT
(Newser) - World markets rode the back of yesterday’s Fed rate cut to huge gains as investors began looking for bargains and flooded the exchanges with cash, reports the Guardian. Hong Kong was up 12.8%, Seoul rose 11.95%, and Tokyo saw a jump of 9.6%, its fourth largest... More »

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yen • Asian markets • US dollar • European stocks • financial crisis

Pound Craters After Latest
Grim Stats

British currency
falls to $1.56 amid recession fears

Oct 24, 08 5:08 AM CDT
(Newser) - The British economy shrank by 0.5% last quarter, all but confirming that the UK is in its first recession since 1991, reports the Times of London. The decline is greater than expected, and this week both the prime minister and the head of the Bank of England acknowledged that... More »

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United Kingdom • Gordon Brown • recession • pound • Britain • US dollar • Mervyn King • economy • financial crisis

 Global Stocks Pounded, 
 Dollar Hits Record Highs 

Greenback soars to 5-year high against the pound

Oct 22, 08 5:40 AM CDT
(Newser) - Stocks in Asia and Europe dove once again today, with banks leading losses as the continuing economic downturn hit corporate profits. The Nikkei in Tokyo closed down 6.8%, and London's FTSE opened down 2.3% after the Bank of England said that the country is in a recession. Meanwhile... More »

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pound • euro • Nikkei • FTSE • Asian stocks • Bank of England • US dollar • Mervyn King • European stocks

Zimbabwe Makes US Dollar Legal Tender

Inflation rate of 11M% makes local currency largely worthless

Sep 26, 08 7:49 AM CDT
(Newser) - The government of Zimbabwe will allow consumers and shops to deal in American and South African currency as an 11 million percent inflation rate continues to pummel the nearly worthless Zimbabwean dollar. Cash remains in short supply in Zimbabwe, and on a flourishing black market a US dollar can fetch... More »

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inflation • Zimbabwe • US dollar • hyper-inflation

Fed Grabs Another $30B in Currency Swap

Lines set up with banks in Australia, Europe to ease credit

Sep 24, 08 10:00 AM CDT
(Newser) - The Federal Reserve announced today that it had set up another $30 billion worth of currency swap lines—designed to put more dollars into world markets—in its latest effort to deal with the credit market. The Fed arranged two $10 billion reciprocal circuits with Australia and Sweden’s central... More »

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Ben Bernanke • currency • currency exchange • liquidity • US dollar • bailout • financial crisis

$1T US Bailout May Crush
Dollar's Rally

Plan's huge pricetag undermines
confidence in the buck

Sep 22, 08 6:18 AM CDT
(Newser) - The US plan to spend up to $700 billion on suspect mortgage-related instruments and a possible additional $400 billion to insure money market mutual funds may stabilize financial markets—but it’s just as likely to send the dollar into a dive, eroding its 3-month rally, reports Bloomberg. “The... More »

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currency exchange • euro • US dollar • weak dollar • bailout • financial crisis

UPDATED

 Central Banks 
 Throw $360B Lifeline 

Effects of worldwide effort on markets still unfolding

Sep 18, 08 4:34 AM CDT
(Newser) - The Fed has joined forces with central banks in Europe, Japan and Canada to pump more dollars into the global financial system in a bid to fend off economic catastrophe, Bloomberg reports. The funds—$180 billion from the Federal Reserve and nearly as much from the other banks—are being... More »

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Federal Reserve • central bank • European Central Bank • Bank of Japan • US dollar • Swiss National Bank • financial crisis

 Lehman Crash 
 Triggers Global 
 Market Tumble 

US futures and dollar sink: 'It's mayhem'

Sep 15, 08 3:40 AM CDT
(Newser) - Lehman Brothers’ bankruptcy, along with news that mammoth insurer AIG is seeking a $40 billion Federal Reserve loan, has sent European and Asian markets, US futures and the dollar sharply downward, Bloomberg reports. Swiss-based UBS AG, Europe’s bank most hurt by the subprime crisis, plunged 7.2%. Australia’s... More »

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stock market • bankruptcy • futures market • Lehman Brothers • Asian markets • European markets • US dollar • 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

MARKETS

 Asia Stocks Hit
 2-Year Low,
 Europe Tumbles

Banks lead losses as US housing market woes trouble world

Aug 19, 08 5:11 AM CDT
(Newser) - Asian stocks hit a two-year low today and European markets opened lower amid fears that the US will be forced to bail out Fannie Mae and Freddie Mac. In Tokyo the Nikkei tumbled 2.3%, leading declines across the region. Stocks of big European banks such as Barclays and Socié... More »

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London Stock Exchange • Nikkei • Asian markets • US dollar • financial crisis

 Paper Money Often
 Has Traces of Cocaine

Spanish study gives new meaning to 'drug money'

Aug 5, 08 6:50 PM CDT
(Newser) - Chances are, you're carrying cocaine in your wallet. Trace amounts of it, anyway. A new Spanish study finds that paper money around the world is often contaminated with cocaine, LiveScience reports. Though concentrations vary by year and city, US bills had an average of up to 28.8 micrograms of... More »

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Spain • European Union • cocaine • money • drug use • US dollar

McCain Camp: Obama Playing 'Race Card'

Calls Dem's comment that he doesn't look like other prezs 'shameful'

Jul 31, 08 2:29 PM CDT
(Newser) - John McCain’s campaign adviser accused Barack Obama today of having “played the race card, and he played it from the bottom of the deck,” reports the New York Daily News. The Dem had yesterday described how opponents would use fear against him, saying, “You know,... More »

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Barack Obama • John McCain • US dollar • negative campaigning • the race card

America Tops Wish List for Foreign Tourists

Falling dollar helps
US edge Australia as most likely destination

Jul 29, 08 2:46 PM CDT
(Newser) - The plummeting dollar has tourists punching their tickets for the US, according to Lonely Planet’s latest rankings. America came out ahead in voting for the country travelers were most likely to visit next, Reuters reports, knocking Australia—tops since 2004—from its perch. More »

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Australia • tourism • list • US dollar • weak dollar

 World Markets
 Tumble, Dollar
 Hits New Low 

Euro hits $1.60 as banks lead declines

Jul 15, 08 7:32 AM CDT
(Newser) - World stocks hit their lowest level since 2006 today as credit-market losses and weakening consumer confidence sent shares falling, reports Bloomberg. The big banks, from UBS in Europe to Cathay in Asia, led declines. The MSCI World Index, Morgan Stanley's indicator of global finance, has now slid into bear market... More »

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financial markets • pound • euro • yen • Asian markets • European markets • US dollar • weak dollar • financial crisis

OPINION

 Forget the Rebound; 'This Thing's Going Down'

We can't expect a quick recovery from the economic downturn

Jun 27, 08 8:43 AM CDT
(Newser) - A cycle has emerged in the economic mood of recent months: a round of bad news sends markets into a tailspin, then things appear to improve, complete with predictions that the worst is behind us, only to fall apart again, writes Steven Pearlstein in the Washington Post. It’s... More »

MORE ABOUT:
recession • consumption • US dollar • real estate values • production • economy

MARKETS

 Stocks Rally on Dollar's Strength 

Drop in oil, strong greenback pushes Dow to weekly gains

Jun 13, 08 3:14 PM CDT
(Newser) - The markets rallied today, pushing the Dow into positive territory for the week, off a strong dollar and a drop in oil prices. The Dow gained 165.77 to close at 12,307.35, a weekly gain of 0.8%. The Nasdaq climbed 50.15 to 2,454.50 but... More »

MORE ABOUT:
Dow Jones • Consumer Price Index • core inflation • Nasdaq • oil price • US dollar • S&P 500

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