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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: euro

euro stories: 55 news summaries

1 - 20 of 55 Stories | 1 2 3 Next >>

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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

 Oil States Plot to Ditch Dollar 

Gulf Arabs in talks to replace greenback with mix of currencies

Oct 6, 09 1:20 AM CDT
(Newser) - The American dollar is dropping against the yen and euro amid reports that the Gulf states are planning to replace use of the greenback in oil trading in favor of a basket of mixed currencies. The Arab states are in advanced discussions with China, Russia, Japan and France to end... More »

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China • oil • currency • euro • US dollar • US currency • currency trading

 Best New Travel Websites 

Get advice from locals, exchange currency, and more

Aug 28, 09 3:25 PM CDT
(Newser) - The summer is winding down, but there’s still time for a last-minute vacation. The Times of London lists 10 new websites to check out:
  • Tripbod: Answer questions about your interests and hobbies, and a local expert will plan an itinerary for you.
  • Vimeo: The travel group
... More »

MORE ABOUT:
travel • euro • website • GPS • travel tips • international travel • Jay-ZTV

 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 »

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

 German Economy Dives 3.8% 

Quarterly fall in GDP is worst in over 40 years

May 15, 09 7:28 AM CDT
(Newser) - The German economy has suffered its worst decline in more than 40 years, with GDP shrinking by 3.8% in the first quarter of 2009. The fall is the most severe on record and worse than economists had predicted, reports the Guardian. News of the contraction in Europe's largest nation... More »

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Germany • Europe • global economy • GDP • euro • recession depression

 GDP Nosedives Across Atlantic 

4th-quarter GDP drop signals worsening recession

Feb 13, 09 6:20 AM CST
(Newser) - We're not alone: The euro zone’s recession worsened in the fourth quarter of last year as its GDP saw its biggest decline since records began in 1995, the Wall Street Journal reports. The GDP contracted 1.5% quarter-to-quarter and 1.2% since the year before, EU figures showed. Germany,... More »

MORE ABOUT:
European Union • Europe • recession • GDP • euro • euro zone

 Iceland Up for 
 Emergency 
 EU Membership 

Brussels says it will fast-track process for crisis-stricken nation

Jan 30, 09 6:26 AM CST
(Newser) - Iceland will be fast-tracked into the European Union to rescue the tiny Nordic state from financial disaster, senior officials in Brussels tell the Guardian. Depending on the result of the Icelandic election, the country could apply for membership as soon as May. While accession to the EU normally takes years,... More »

MORE ABOUT:
European Union • euro • Iceland • financial crisis

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 »

MORE ABOUT:
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

Crisis Makes Former Skeptics Rethink Euro

From Poland to Iceland, once-resistant nations want to join up

Dec 2, 08 8:07 AM CST
(Newser) - When the euro was first proposed, skeptics cautioned of the dangers of an integrated system during a time of crisis. Now that the crisis is here, the euro has performed relatively well while smaller currencies have plunged in an investor "flight to quality." As the New York ... More »

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Poland • Hungary • euro • Iceland • zloty • eurozone • krona • financial crisis • Hungarian forint

Germany, Europe's Largest Economy, in Recession 

Europe's largest economy posts worse-than-expected declines

Nov 13, 08 8:13 AM CST
(Newser) - New figures today confirmed that Germany, Europe's largest economy and the world's top exporter, is in recession. The nation's GDP contracted 0.5% in the third quarter, far worse than predicted and the biggest decline in growth in 12 years. The magnitude of the German contraction pushed the euro down... More »

MORE ABOUT:
Germany • Europe • recession • bank • euro • European Central Bank

 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

Euro Leaders Hope to Emerge With Crisis Action Plan Today

Europe scrambles to shore up banks

Oct 12, 08 8:40 AM CDT
(Newser) - European leaders hoped to emerge today from a meeting in Paris with a detailed unified action plan to address the continuing worldwide economic crisis, Reuters reports. Banks continued to hold emergency talks today with officials in the British government, which is about to purchase major equity stakes in the nation's... More »

MORE ABOUT:
European Union • Europe • Paris • crisis • euro • credit crisis • economic plans • 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

 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

Pound Plunges to Record Low Against Euro

Gloomy economic outlook sends British currency tumbling

Sep 2, 08 2:26 AM CDT
(Newser) - The British pound has sunk to its lowest level ever against the euro since the European currency was introduced in 1999, the Financial Times reports. The fall follows Chancellor Alistair Darling's dire warning that the outlook for the British economy is the worst in 60 years. The pound dropped to... More »

MORE ABOUT:
United Kingdom • currency • financial markets • recession • pound • euro • Alistair Darling • foreign currency

 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

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

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