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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: US dollar

US dollar stories: 103 news summaries

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Yen Pounds Dollar as Markets Fall

Markets in worldwide retreat as dollar drops on subprime worries

Mar 3, 08 5:42 AM CST
(Newser) - 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... More »

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stocks • currency exchange • yen • US dollar • subprime crisis • European stocks

A Vintage Year for Wine Exports

California vintners take advantage of a weak dollar to expand overseas market

Feb 29, 08 12:31 PM CST
(Newser) - 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... More »

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California • wine • US dollar • Gallo • wineries • US exports • weak dollar • wine industry • Wine Institute • Engand • Charles Shaw • One-Buck Chuck

Dollar's Slide Pushing Oil Prices Higher

Economic data hammers the greenback as worries about US economy deepen

Feb 29, 08 7:21 AM CST
(Newser) - 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.... More »

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

$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

Dollar Slides to Record Low;
Oil Tops $102

Investors bet on Fed rate cut, driving  euro up against US currency

Feb 27, 08 6:27 AM CST
(Newser) - 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,... More »

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

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

Dollar Gains Slightly Against the Euro

Investors wait for latest read on vigor of
US economy

Feb 25, 08 5:34 AM CST
(Newser) - 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... More »

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currency exchange • housing • US economy • pound • 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

Warren Buffett Chides Banks for Role in Market Mayhem

Calls meltdown
'poetic justice'

Feb 7, 08 2:42 AM CST
(Newser) - 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 »

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Warren Buffett • investment bankers • US dollar • subprime crisis

Foreign Buying Spree Reaches Deep Into US

With weak dollar driving acqusitions, lawmakers get skittish

Jan 28, 08 7:01 PM CST
(Newser) - As the dollar drops, foreign investors are buying up US enterprises large and small, from multi-billion-dollar stakes in Wall Street banks to ownership of chemical factories and construction companies in the likes of North Carolina. Canadian, British and German companies have been expanding their portfolios in the US for years,... More »

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China • Middle East • subprime mortgages • foreign investment • investment • US dollar

OPINION

For Sale: These United States

Bush, US companies reduced to holding
out a tin cup

Jan 20, 08 10:41 AM CST
(Newser) - Some Americans are outraged about illegal immigrants crossing the Mexican border, but the New York Times' Maureen Dowd thinks that the breech of some financial boundaries are of greater concern. "Who’s going to own the American economy?" she asks, pointing to oil-rich countries taking advantage of the weak... More »

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Citigroup • Warren Buffett • Merrill Lynch • US economy • Maureen Dowd • US dollar • petrodollar • weak dollar • George W. Bush

Oil Sends
Trade Deficit to 14-Month High

Soaring crude prices overshadow strong
growth in US exports

Jan 11, 08 11:15 AM CST
(Newser) - The trade deficit widened 9.3% to $63.1 billion in November, despite a healthy growth in exports. With the dollar down, and demand for US goods rising in Asia and Latin America, exports moved at a healthy clip. But spending on imported oil overshadowed everything else, Bloomberg reports. “... More »

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US-China trade deficit • imports • trade deficit • US dollar • US exports • weak dollar

Yuan-Dollar Battle Continues

Despite currency's growth, US criticism of Beijing endures

Dec 31, 07 9:50 AM CST
(Newser) - 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... More »

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China • exports • yuan • US dollar

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

Weaker Dollar Revamps World Economy

Americans lose pride, buying power, but gain jobs and sales abroad

Dec 24, 07 11:04 AM CST
(Newser) - 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... More »

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

Stocks Plunge to End Off Week

Big consumer price inflation builds concern rate cuts are over

Dec 14, 07 3:51 PM CST
(Newser) - 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... More »

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

China Looks
to Buy American

Seeks investments to adjust yuan growth;
US official set for talks

Dec 10, 07 7:27 PM CST
(Newser) - 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... More »

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

US Citizenship Denied, Illegal Brazilians
Head Home

'You can't spend your life waiting to be legal'

Dec 4, 07 7:58 PM CST
(Newser) - 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... More »

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immigration • illegal immigrant • Brazil • US dollar

Airbus, VW
May Open
US Plants

Weak dollar has European companies looking overseas

Dec 4, 07 4:00 PM CST
(Newser) - 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... More »

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Airbus • US economy • Volkswagen • US dollar • EADS

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

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