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The Canadian dollar surged to a 13 1/2-year high Monday - gaining almost a full U.S. cent - as a sharp increase in crude oil prices fired up gains against the U.S. greenback. The loonie was trading during the day as high as 85.74 cents US, up 0.9 of a cent from Friday's close of 84.84 cents U.S. It later closed at 85.57 cents US, up 0.73 cent,. "This is the highest we've been since the month of January 1992," said George Davis, chief foreign exchange technical analyst with RBC Capital Markets. "The market is starting to refocus on...

Canada's benchmark stock index achieved its highest close of the year Friday - a level not seen since the autumn of 2000 - as triple-digit increases were propelled by a fresh spate of corporate and economic news. The Canadian dollar touched at a 13-year intraday high, shooting above 85 cents US after a stable jobs report from Statistics Canada built on Wednesday's interest rate hike. ~snip~ The Canadian dollar ended the day at 84.93 cents US, up 0.32 cent - its highest close since November after retreating from its intraday peak of 85.27 cents US, a 13-year high. On Thursday,...

The euro hit its lowest level against the dollar in more than 13 months Monday after data painted a rosy picture of the U.S. economy and traders waited to see if the European Central Bank would cut interest rates later this week. The euro fell as low as $1.1888 in Europe - its lowest point since May 20, 2004, when it dropped to $1.1893 - before recovering slightly to $1.1900 in late afternoon trading. That's compared to $1.1947 in New York late Friday. The British pound slipped to $1.7611 from $1.7694. The dollar fell against the Japanese yen, to...

TOKYO (AFX) - The US dollar surged to new seven-month highs against the euro in Tokyo, with the single currency still under pressure after French voters overwhelmingly rejected the proposed European Union constitution over the weekend, dealers said. In Asian morning trade, the euro tumbled to a seven-month low of 1.2369 against the dollar from around 1.2460 earlier and fell to 133.83 versus the yen, its lowest level since February 8. At 1.00 pm (0400 GMT), the euro stood at 1.2394 usd, compared to 1.2460 usd in Sydney and 1.2483 usd in European trade overnight. Against the yen, the...

FRANKFURT, Germany, March 1st, 2005 (AP Online via COMTEX) -- The dollar rose Tuesday against the euro as traders looked ahead toward testimony from U.S. Federal Reserve Chairman Alan Greenspan expected to support the U.S. currency. The euro fell to $1.32 in early European trading, from $1.3250 in New York late Monday. The British pound was also down, trading at $1.9200 from $1.9220 on Monday. The dollar bought 104.58 Japanese yen, marginally more than 104.52 yen on Monday. Greenspan is to testify Wednesday before a U.S. congressional committee and analysts expect him to stress a strong dollar. The dollar slipped...

It's easy to wonder why you should care when economists drone on about the declining value of the dollar. Here's one reason: Gasoline prices are up 44 cents a gallon since this time last year, and nearly half of that increase comes from the weaker dollar. A declining dollar makes foreign goods more expensive, and crude oil is a prime example. Economists estimate that $8 of the current cost of a barrel of oil -- or 20 cents of each gallon of gas at the pump -- can be traced to the drop in the dollar's value in world...

Exposing and Opposing George Soros By Cliff Kincaid | October 25, 2004 Convicted in France of insider trading, Soros specializes in weakening or collapsing the currencies of entire nations for his own selfish interests. How many times have we heard or read stories about Vice President Cheney's old firm, Halliburton? A public company with more than 100,000 employees, Halliburton had revenues of $13 billion in 2001. George Soros is a human Halliburton who will be in a position if John Kerry is elected president to pull the strings. He is reportedly worth $7.2 billion. But his role in buying the...

The US dollar yesterday moved to the brink of free fall ­ a nightmare scenario for the world economy ­ after reverberations from the WorldCom scandal triggered panic among investors. The currency came within a whisker of parity with the euro and crashed through key psychological barriers against the yen and the pound as investors rushed to dump dollar assets. "This is threatening to become a disorderly market," David Bloom, global economist at HSBC, said. "There's no better way to show a loss of confidence in a country than through its currency." Speculation mounted that the Federal Reserve would lead...