Euro Hits America

Stories

11 Stories

March 2008
- Stocks Bounce, End Mixed
  
  newser | CNN | Mar 17, 08 3:50 PM CDT
  
  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 »
- Oscar Winner Is 9/11 Doubter
  
  newser | Daily Telegraph (UK) | Mar 1, 08 9:33 PM CST
  
  In year-old video just now resurfacing, best-actress Oscar winner Marion Cotillard says she doesn't believe the "official story" of the 9/11 attacks—and she's not sure the moon landing was real, either, the Telegraph reports. In a TV interview, the French star of La Vie en Rose speculates that the World Trade Center towers were so outdated that their destruction was engineered and passed off as a terrorist attack, since it would be cheaper than trying to renovate. More »
February 2008
- Wholesale Inflation Surges
  
  newser | Bloomberg | Feb 26, 08 10:06 AM CST
  
  Wholesale prices rose more than twice as fast as analysts predicted in January, in the latest sign that inflation is outstripping growth, Bloomberg reports. After a 0.3% drop in December, finished good prices rose 1% last month, with the core indicator up 0.4%, its biggest gain in almost a year. Fed chief Ben Bernanke will discuss the inflation statistics tomorrow when he delivers a policy report to Congress, MarketWatch notes. More »
- New York Loves Euros
  
  newser | Washington Post | Feb 25, 08 11:35 AM CST
  
  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 »
- Should NYC take the euro?
  
  New York Times | Feb 14, 08
  
  With travel to New York City at record levels, and with the the dollar at near-record lows against the pound and the euro, does it make sense for New York City businesses to start accepting foreign currency?
- Big Apple Opens Arms to Euros
  
  newser | Reuters | Feb 7, 08 12:00 PM CST
  
  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 is money,” said wine-store owner Robert Chu. More »
- Dollar to rise, say currency traders
  
  Business Day | Feb 7, 08
  
  US Federal Reserve chairman Ben Bernanke%u2019s decision to lower interest rates 1,25 percentage points last month will end the dollar%u2019s two-year slide, according to the world%u2019s biggest currency traders.
- Canadians catch on to the euro, too
  
  Toronto Star (Canada) | Feb 7, 08
  
  If the striking declarations of an American rap mogul and a Brazilian supermodel weren't convincing enough, Canadians are getting more proof it's no longer all about the Benjamins. The Bank of Nova Scotia will announce today it has become the first major Canadian-based bank to offer euro-denominated savings accounts at a time when the relatively nascent euro continues to outpace the American greenback on currency markets.
January 2008
- Waving goodbye to hegemony
  
  New York Times | Jan 27, 08
  
  Turn on the TV today, and you could be forgiven for thinking it%u2019s 1999. Democrats and Republicans are bickering about where and how to intervene, whether to do it alone or with allies and what kind of world America should lead.
- The dollar could fall even lower
  
  FXStreet.com | Jan 11, 08
  
  2007 was not a good year for the dollar. On a trade-weighted basis, the US currency lost about 7.5% of its value during the course of the year. According to the Fed%u2019s trade-weighted Major Currency Index, the dollar was even weaker, losing about 10%.
November 2007
- Supermodel Swears Off Dollar
  
  newser | Bloomberg | Nov 5, 07 9:25 PM CST
  
  Gisele Bundchen, who pulled in $33M in front of the camera this year, doesn't like the looks of the dollar. Following the lead of billionaires Warren Buffett and Bill Gross, the world's richest model is asking to be paid in some other currency, usually the euro. “We don't know what will happen to the dollar,'' commented Patricia Bundchen, the model’s twin and manager. More »