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July 25, 2008 11:30:34 PM CDT

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Stories related to: euro

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  • July 2008

    • World Markets Tumble, Dollar Hits New Low

      newser  |  Bloomberg  |  Jul 15, 08 7:32 AM CDT

      World Markets Tumble, Dollar Hits New Low

      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 territory, having lost 21% of its value since October. More »

      Tags

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

    • Weak Dollar Sends Vatican to $14.5M Loss

      newser  |  Guardian (UK)  |  Jul 11, 08 8:19 AM CDT

      Weak Dollar Sends Vatican to $14.5M Loss

      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 the decline of the almighty dollar is hurting the house of the Almighty. More »

      Tags

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

    • Europe Hikes Interest Rates to Curb Inflation

      newser  |  MarketWatch  |  Jul 3, 08 8:29 AM CDT

      Europe Hikes Interest Rates to Curb Inflation

      The European Central Bank today adjusted interest rates for the first time in more than a year, reports MarketWatch, raising the main rate by a quarter-point to 4.25%. The increase comes just after a report that inflation in the eurozone has reached 4%, the highest rate since the introduction of the euro in 1999. The move was expected, and the euro remained strong, hovering at around $1.58. More »

      Tags

      inflation  • interest rate  • euro  • European Central Bank  • ECB  • eurozone

  • June 2008

    • Euro-Weary French Village Reverts to Franc

      newser  |  New York Times  |  Jun 30, 08 8:32 AM CDT

      Euro-Weary French Village Reverts to Franc

      Six years after scrapping the franc for the euro, one sleepy town in southern France has reverted, the New York Times reports. Says the mayor of Collobrières, population 1,600, “We lost something with the franc. We lost an identity. We moved very quickly into Europe, maybe too quickly.” Villagers also blame the euro for rising prices and find the faceless pan-European currency bland. More »

      Tags

      France  • European Union  • euro  • currency

    • Dollar Soars to Biggest Weekly Gain in 3 Years

      newser  |  Bloomberg  |  Jun 13, 08 5:21 AM CDT

      Dollar Soars to Biggest Weekly Gain in 3 Years

      The dollar posted its biggest gain in almost 3 years this week, soaring 2.5% against the euro and 2.8% against the yen. This morning in London the dollar was trading at $1.54 against the euro, with analysts predicting a rise as high as $1.45 by year's end. European politicians are delighted with the greenback's resurgence; Christine Lagarde, France's finance minister, called it "very satisfying." More »

      Tags

      US dollar  • euro  • G8 summit  • yen  • Christine Lagarde

  • May 2008

    • Dollar Hits 6-Week High Against Euro

      newser  |  Financial Times (UK)  |  May 8, 08 6:12 AM CDT

      Dollar Hits 6-Week High Against Euro

      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 trade deficit. But one key reason US and European officials are teaming up to help the dollar: a weak American currency has reinforced spiking oil prices. More »

      Tags

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

    • Euro About to Mark 10 Years

      newser  |  New York Times  |  May 1, 08 6:02 PM CDT

      Euro About to Mark 10 Years

      Like many 10-year-olds, the euro has had its ups and downs, but its current ascendancy is worrying, and not just to fans of the weakening dollar; some European states are chafing at the strength of their common currency, the New York Times reports. The German economic engine is causing high prices and ballooning debt in countries such as Greece, Italy, Spain, and Portugal. More »

      Tags

      Germany  • European Union  • Italy  • inflation  • economy  • Europe  • euro  • currency

  • April 2008

    • Dollar Rallies at Last

      newser  |  Bloomberg  |  Apr 25, 08 6:46 AM CDT

      Dollar Rallies at Last

      The dollar rose to a three-week high against the euro today and looked set to post its biggest weekly advance since March. The dollar advanced to $1.55 per euro this morning in London, after falling below the $1.60 barrier on Tuesday. The dollar also gained against the yen, and investors are betting on another strong showing next week, reports Bloomberg. More »

      Tags

      Federal Reserve  • US dollar  • euro  • yen  • European Central Bank  • ECB

    • Consumer Prices Rise in March; Oil Blasts Past $114

      newser  |  Associated Press  |  Apr 16, 08 10:22 AM CDT

      Consumer Prices Rise in March; Oil Blasts Past $114

      Consumer prices rose an anticipated 0.3% in March, propelled by hikes in the costs of energy, food, and airline tickets; a commodities rush and weak dollar also pushed crude oil to a record high today. Energy costs rose 1.9% in March, the AP reports, and the past year has seen huge increases in the prices of bread (14.7%) and milk (13.3%) More »

      Tags

      US dollar  • crude oil  • euro  • milk  • Consumer Price Index  • bread

    • G-7 Ministers Talk Tough on Sliding Dollar

      newser  |  Wall Street Journal  |  Apr 12, 08 7:26 AM CDT

      G-7 Ministers Talk Tough on Sliding Dollar

      The Group of Seven's finance ministers are getting more aggressive about stopping the greenback's decline, the Wall Street Journal reports. In what counts as blunt words for the group, a statement yesterday expressed concern about the plummeting dollar's "possible implications for economic and financial stability." The change in tone since the group's last meeting a year ago is aimed at sending a signal to traders; the ministers stopped short of using G-7 money to buy up dollars to push the currency upward. More »

      Tags

      US dollar  • finance  • euro  • weak dollar  • currency  • currency exchange  • Group of Seven

  • March 2008

    • 25 Ways to Save in Europe

      newser  |  MSNBC  |  Mar 19, 08 12:16 PM CDT

      25 Ways to Save in Europe

      Worried that exchanging your dollars into pounds will leave you with pennies? MSNBC outlines 25 ways to stretch your money in Europe. Find no-cost entertainment, like free days at museums or public concerts. Use a credit card or get cash from an ATM for the best exchange rates and lower fees. Haggle, especially at outdoor markets or street vendors. More »

      Tags

      travel  • Europe  • money  • US dollar  • euro  • travel tips  • cheap travel  • pound

    • Stocks Bounce, End Mixed

      newser  |  CNN  |  Mar 17, 08 3:50 PM CDT

      Stocks Bounce, End Mixed

      Stocks seesawed throughout the day, finally ending today's session mixed, with the Dow closing up. The markets struggled to rebound from serious losses sustained after Bear Stearns' fire sale; buyer JPMorgan Chase's stock closed up 11%. The Dow ended up 21.16 at 11,972.25, the Nasdaq down 35.48 at 2,177.01, and the S&P 500 down 11.54 at 1,276.70. More »

      Tags

      stock market  • Bear Stearns  • US dollar  • JPMorgan Chase  • euro  • yen

    • Dollar Nosedives, Global Markets Tumble

      newser  |  Bloomberg  |  Mar 17, 08 3:55 AM CDT

      Dollar Nosedives, Global Markets Tumble

      The dollar took a pummeling and equity markets in Europe and Asia slumped as worried investors reacted to the Bear Stearns fire sale and the Fed's emergency rate cut. The dollar dropped to a shocking 95 yen, hit an all-time low of $1.59 against the euro, and remained below one Swiss franc. The US currency is "facing a credibility crisis," one Asian investor told Bloomberg, while another said that "the Fed is throwing the dollar out of the window." More »

      Tags

      Bear Stearns  • US dollar  • JPMorgan Chase  • euro  • Asian markets  • Nikkei  • yen  • Hang Seng  • Swiss franc

    • Dollar Makes Comeback as Banks Predict Intervention

      newser  |  Bloomberg  |  Mar 14, 08 8:17 AM CDT

      Dollar Makes Comeback as Banks Predict Intervention

      The dollar made a recovery today after yesterday's disastrous fall, pulling back above 100 yen and gaining against the euro and the pound. The greenback's advance comes as securities firms speculated that the Fed and other central banks will collaborate to safeguard the dollar for the first time in 13 years. "The market is certainly on intervention watch," a currency trader told Bloomberg. More »

      Tags

      Federal Reserve  • Ben Bernanke  • US dollar  • euro  • yen  • Swiss franc

    • Dollar Hit as Emerging Economies Fight Inflation

      newser  |  Wall Street Journal  |  Mar 11, 08 7:32 AM CDT

      Dollar Hit as Emerging Economies Fight Inflation

      A weak US dollar continued to fuel surging commodity prices today, keeping oil near $108 a barrel and moving a gallon of gas to $3.225, with analysts predicting near $4 prices by spring, the Wall Street Journal reports. Stress on the greenback is coming from not only major but minor currencies, as developing nations fight inflation by relaxing currency controls. More »

      Tags

      gas prices  • oil  • US dollar  • euro  • commodities  • yuan

    • Oil Gushes to Record $105.96

      newser  |  Bloomberg  |  Mar 6, 08 8:32 AM CST

      Oil Gushes to Record $105.96

      An ever-weakening dollar, an unexpected drop in US crude oil reserves, and a Wednesday OPEC decision not to boost production helped spur oil to a record $105.96 a barrel, Bloomberg reports. It's the third record this week, and the dollar’s $1.5345 against the euro is the lowest level its reached since the euro was introduced in 1999. More »

      Tags

      oil price  • oil  • crude oil  • OPEC  • euro  • weak dollar  • $100 a barrel oil

  • February 2008

    • Dollar's Slide Pushing Oil Prices Higher

      newser  |  Bloomberg  |  Feb 29, 08 7:21 AM CST

      Dollar's Slide Pushing Oil Prices Higher

      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 $103.05 in Asian trading before closing at $102.92.  More »

      Tags

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

    • $1.50 Euro Sparks Biz Plea for Help

      newser  |  Daily Telegraph (UK)  |  Feb 28, 08 4:39 AM CST

      $1.50 Euro Sparks Biz Plea for Help

      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, reports the Telegraph . "We can't cope with such an exchange gap," compained the CEO of Dassault, France's top aviation company. More »

      Tags

      Nicolas Sarkozy  • US dollar  • euro  • European Central Bank  • BMW  • exchange rate  • global market

    • Dollar Slides to Record Low; Oil Tops $102

      newser  |  Bloomberg  |  Feb 27, 08 6:27 AM CST

      Dollar Slides to Record Low; Oil Tops $102

      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, with oil topping $102 a barrel for the first time. More »

      Tags

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

    • New York Loves Euros

      newser  |  Washington Post  |  Feb 25, 08 11:35 AM CST

      New York Loves Euros

      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 Washington Post reports. “I need euros,” said one street vendor. “The dollar’s going down.” More »

      Tags

      New York City  • US dollar  • tourism  • euro  • currency exchange  • exchange rate

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