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NEWS ABOUT: weak dollar

weak dollar stories: 38 news summaries

1 - 20 of 38 Stories | 1 2 Next >>

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 World Scrambles to Boost Buck 

Weak dollar doesn't help anyone—except the US

Nov 13, 09 3:43 AM CST
(Newser) - Central banks around the world are stepping up measures to keep the American dollar strong and their own currencies weak. The dollar 's drop to near 15-month lows this week sparked fears that exports will become uncompetitive, threatening their fragile economic recoveries. Pacific Rim countries are especially concerned that China—... More »

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currency • yuan • US dollar • US exports • weak dollar

ANALYSIS

Count the US Dollar Down, But Not Out

Fears of a looming currency crash are overblown

Oct 23, 09 4:25 PM CDT
(Newser) - With the US economy in a prolonged slump and the Fed likely to keep interest rates low for the foreseeable future, many worry that a dollar crash will be the next shoe to drop. Currency pessimists can point to a 6-month decline in the dollar; this week the currency hit... More »

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globalization • currency exchange • yuan • Lehman Brothers • euro • US dollar • weak dollar • financial crisis

 Euro Cracks $1.50, 
 Dollar Hits New Lows 


Investors shun low-yielding greenback for riskier currencies

Oct 22, 09 4:00 AM CDT
(Newser) - The dollar fell below the $1.50 threshold against the euro yesterday for the first time in 14 months, as investors with renewed appetites for risk continue to abandon the greenback. The dollar is at its lowest level against six other currencies in more than a year, and foreign exchange... More »

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currency • exchange rate • euro • US dollar • weak dollar

(Newser) - The American economy is heading out of recession, but the long-term fate of the dollar may not be so bright, writes the Wall Street Journal. Growing numbers of economists and investors, including Warren Buffett, say that stimulus spending and rate cuts will boost inflation and weaken the greenback. At the... More »

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inflation • currency • debt • national debt • US dollar • weak dollar

 Dollar Headed for Biggest 
 Gains Since '81: Bankers 

Greenback set for 17.1% gain against euro

Jun 29, 09 8:24 AM CDT
(Newser) - The dollar is poised for its biggest advances in 28 years, according to Deutsche Bank, which predicts a 17.1% gain against the euro by the end of the year. Other banks polled by Bloomberg are similarly bullish about the greenback, which has just endured its worst quarter since 2002.... More »

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currency • exchange rate • currency exchange • euro • US dollar • weak dollar

 Dollar Hits 2009 Low 

Credit rating fears send greenback falling against pound, euro

May 22, 09 6:48 AM CDT
(Newser) - The dollar fell to its lowest level of the year today as investors grew nervous that the US could lose its triple-A credit rating, Reuters reports. The greenback declined to $1.39 against the euro and $1.58 against the pound, echoing similar drops across the world. Yesterday, Moody's said... More »

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currency • exchange rate • pound • euro • US dollar • weak dollar • Triple-A credit rating • credit rating • Jay-ZTV

analysis

 Is the US Dollar 
 All Spent? 


Apr 6, 09 6:35 PM CDT
(Newser) - Sick of relying on the US dollar, critics around the world want it replaced as Earth's top currency, Michael Schuman writes in Time. A panel of UN economists and a top banker in China have called for a new unit—like the IMF's Special Drawing Units—to stabilize the global... More »

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IMF • global economy • US dollar • weak dollar

 Champagne Loses 
 Fizz With Economy 

Industry is worried a tough holiday season will leave sales flat

Nov 17, 08 10:18 AM CST
(Newser) - Champagne companies are anything but bubbly this year as they head into what’s predicted to be a “horrible” holiday season, hurt by a sagging US economy and weak dollar, reports Advertising Age. November and December are crucial for the industry, with as much as 25% of sales during... More »

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holiday shopping • weak dollar • Champagne • Pernod Ricard • 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

US Slowdown Hits India's IT Sector Hard

Economic slump adds challenge for industry pondering next steps

Aug 20, 08 10:00 AM CDT
(Newser) - The credit crunch that has shifted the US economy into neutral has slowed the growth of India’s tech sector, which once boasted growth rates of 40% in the overall strong economy, the Wall Street Journal reports. The slowdown comes as the sector faces increasing competition from abroad and rising... More »

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technology • India • outsourcing • credit crisis • Tata Consultancy • weak dollar • Infosys • Winpro

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

ANALYSIS

Weak Dollar Scaring Off Foreign Funds

US policy has big China, Gulf spenders looking to divest

Jul 17, 08 4:18 PM CDT
(Newser) - With the dollar declining and US economic outlook uncertain, some large sovereign wealth funds are looking to cut down on greenbacks, the Financial Times reports. One such Persian Gulf fund has cut its dollar-denominated investments from 80% to 60%, and China’s State Administration of Foreign Exchange is aggressively exploring... More »

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China • inflation • Abu Dhabi • investment • weak dollar • Abu Dhabi Investment Authority • sovereign wealth funds • divestment • State Administration of Foreign Exchange

 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

Consumers
Are Quickly Trading Down

Switch to cheaper goods is broadest
since early '80s

Jul 11, 08 12:26 PM CDT
(Newser) - As fuel prices and home foreclosures steadily rise, Americans are trading down in everything from automobiles to their lunch options. That's not unusual in an economic downturn, but the speed with which it's happening is, the Wall Street Journal reports. And the flight to the affordable and generic is affecting... More »

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consumer goods • gas prices • consumer prices • retail stores • discounts • weak dollar • subprime crisis • weakening economy • Wal-Mart

Weak Dollar Sends Vatican
to $14.5M Loss

Catholic church blames declining greenback
as it goes into the red

Jul 11, 08 8:19 AM CDT
(Newser) - The weak dollar has wreaked havoc on business across Europe, but one organization has posted a surprising loss: the Vatican. The Catholic Church blamed the declining greenback for its first loss in 4 years as it ended the year $14.5 million in the red. The Guardian reports on how... More »

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Catholic Church • Rome • Vatican • charity • euro • weak dollar • sin

 Oil Gushes Past $145 

Experts say a further weakening of the dollar will push prices higher still

Jul 3, 08 7:07 AM CDT
(Newser) - The specter of conflict in Iran and a surprisingly large decline in US stockpiles pushed European oil prices above $145 today for the first time, reports the AP. A further weakening of the dollar, if the European Central Bank raises interest rates as expected later today, could push prices... More »

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Iran • interest rate • oil price • weak dollar • oil supply

 FedEx Chief: Exports
 Will Stave Off Recession 

CEO says increased globalization in high-tech a boon to struggling economy

May 19, 08 10:25 AM CDT
(Newser) - Strength in high-tech US manufacturing and the globalization of the market has helped the US avoid a recession, with its exports being driven by a weak dollar, FedEx CEO Fred Smith told the Financial Times today. And, he said, as emerging economies continue to grow, so will US exports, even... More »

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recession • FedEx • US exports • weak dollar • Fred Smith

Dollar Hits 6-Week High Against Euro

US, Europe team up
to boost gaining greenback

May 8, 08 6:12 AM CDT
(Newser) - The dollar hit a six-week high against the euro yesterday, leading relieved policymakers on both sides of the Atlantic to hope that the worst is over, reports the Financial Times. Analysts still reckon that Washington will continue its policy of benign neglect: a soft dollar encourages exports and reduces the... More »

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currency exchange • euro • central bank • US dollar • weak dollar

French PM Lobbies US on Weak Economy

In Washington, Fillon seeks alliance to spur Chinese revaluing

May 2, 08 8:07 AM CDT
(Newser) - While Nicolas Sarkozy struggles with the sputtering French economy at home, his prime minister has traveled to Washington to spur international action. François Fillon will meet with Ben Bernanke and Hank Paulson today, where he is expected to press the US on the subprime crisis, the weak dollar, and... More »

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Nicolas Sarkozy • France • yuan • Francois Fillon • weak dollar

EARNINGS REPORT

 Amazon
 Q1 Profit 
 Spikes 

Online retailer sees 30% jump in face of economic slowdown

Apr 23, 08 5:35 PM CDT
(Newser) - Amazon posted a 30% profit jump in the first quarter, the Wall Street Journal reports, defying the sluggish economy. Net income was $143 million (34 cents a share) compared with $111 million (26 cents a share) in last year's first quarter. The company’s operating income guidance for the fiscal... More »

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Jeff Bezos • weak dollar • quarterly profits • Amazon.com

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