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Your search keyword '"FOREIGN exchange rates"' showing total 4 results
4 results on '"FOREIGN exchange rates"'

1. A central question.

Subjects
*DOLLAR, *CAPITAL movements, *CENTRAL banking industry, *MONETARY policy, *BALANCE of trade, *FOREIGN exchange rates, *INTEREST rates, *EURO
Abstract

The author claims that Asian central banks have prevented the U.S. dollar from falling even more dramatically than it has in recent months, but warns that Asian banks may seek to diversify their holdings. The dollar did pop up briefly on December 9th, after the Bank of Japan apparently intervened to stop the yen rising, but the Japanese central bank has already spent some $168 billion on dollars this year, and the yen has climbed by 11% against the American currency. Perhaps the yen would have risen by more had the Bank of Japan spent less: this week the euro was up by 42% from its lowest point against the dollar and sterling was at its highest since being ejected from Europe's exchange-rate mechanism in 1992. The dollar has been weakening even as America's economy has been picking up sharply. The health of the economy may now be part of the dollar's problem. Americans save so little that their spending must be financed by foreigners, which is why the country's current-account deficit has been rising so swiftly, to half a trillion dollars or so. Until recently, this foreign investment was largely of a private nature; however, as concerns about the scale of the deficit have mounted, private flows have dried up somewhat and central banks have been topping up the stream. Jim O'Neill, Goldman's chief economist, thinks that central banks will increasingly wake up to the benefits of diversification.

Published
2003

2. Dollar Loses Ground As Risk Play Prevails.

Author

Davis, Bradley

Subjects
*FOREIGN exchange, *U.S. dollar, *EURO, *FOREIGN exchange rates
Abstract

The article reports on currency trading as of November 9, 2009. It notes that the U.S. dollar lost ground against the euro and other higher-yielding currencies following the pledge made by the Group of 20 industrial and developing nations not to lift the economic-stimulus programs until global recovery is guaranteed. It adds that most of the gains of the euro resulted from trading in Asian and European markets. The euro ended stronger at 1.4988 dollars while the dollar traded at 90.01 yen.

Published
2009

3. Yen Gains on Dollar, Euro in Flight From Risk.

Author

FLINT, ROBERT, Froymovich, Riva, and Evans, Paul

Subjects
*FOREIGN exchange rates, *NATIONAL currencies, *JAPANESE yen, *U.S. dollar, *EURO
Abstract

The article reports on foreign exchange rate movements for the January 12, 2009 currency trading day. As U.S., Asian and European equity values declined, the Japanese currency reached highs versus the euro and U.S. dollar. In New York, the U.S. dollar declined to 89.09 yen and the euro similarly fell in value to 118.66 yen. The article says that Japanese authorities may take action to slow the yen's appreciation as a too strong yen affects the competitiveness of Japanese exports which contribute significantly to the Japanese economy.

Published
2009

4. As Group of 7 Gathers, Europe Looks Like an Outsider.

Author

Landler, Mark

Subjects
*FOREIGN exchange rates, *U.S. dollar, *EURO, *MONETARY policy, *INTEREST rates, *ECONOMIC indicators
Abstract

Focuses on the scheduled convention of the Group of 7 leading industrial countries in Boca Raton, Florida. Difficulty for the European delegation in advancing its interests as a result of the fall of the dollar against the euro; Response of the United States and Asia to the fall of the dollar; Symbiosis between the United States and Asia; Expectation that the European Central Bank will not lower interest rates at the next meeting of their policy board.

Published
2004

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