http://www.freerepublic.com/tag/usd/ en-us Thu, 21 Aug 2008 12:56:49 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-religion/2065435/posts SAN DIEGO, Aug. 20 (UPI) -- The University of San Diego has withdrawn its offer of an endowed chair to a Catholic feminist scholar who supports abortion rights. The announcement that Rosemary Radford Ruether had been appointed to the Monsignor John R. Portman Chair in Roman Catholic Theology was greeted with dismay by many Catholic and anti-abortion groups, the San Diego Union-Tribune said Wednesday. Ruether sits on the board of Catholics for a Free Choice.University spokeswoman Patricia Gray Payton said that one person who did not object was the anonymous benefactor who endowed the chair."Her public position and the symbol... UPI http://www.freerepublic.com/focus/f-religion/2065435/posts#comment Thu, 21 Aug 2008 12:56:49 GMT http://www.freerepublic.com/focus/f-news/1978952/posts Dollar slumps amid the gloom Published: March 1 2008 02:00 | Last updated: March 1 2008 02:00 The dollar slumped this week after a worsening array of US economic data deepened fears of recession and increased expectations of further aggressive US interest rate cuts. The US currency fell to record lows against the euro and Swiss franc and multi-year troughs against a number of other currencies. Tumbling US house prices, falling consumer confidence, weaker-than-expected orders for durable goods, stalling manufacturing, flat economic growth and signs of a weakening labour market drove expectations of lower interest rates. The Financial Times http://www.freerepublic.com/focus/f-news/1978952/posts#comment Sat, 1 Mar 2008 22:49:59 GMT http://www.freerepublic.com/focus/f-news/1922582/posts French president warns US it cannot allow currency to collapse as Europe suffers from euro's rise. The French president, Nicolas Sarkozy, has warned the United States Congress that the US risks triggering "economic war" if it attempts to devalue its way out of trouble by allowing a relentless slide in the dollar. The stunning remarks came as the greenback plunged to a record low of $1.4731 against the euro, causing a chorus of angry protests from industrial leaders in France and Italy. The dollar breached $2.10 against sterling for the first time since the early Thatcher years in 1981. On... Telegraph (UK) http://www.freerepublic.com/focus/f-news/1922582/posts#comment Thu, 8 Nov 2007 03:10:15 GMT http://www.freerepublic.com/focus/f-news/1901045/posts Against all odds, currency calculators could end up being fall's hottest accessory. But, if you're shopping this weekend, don't get one made by Louis Vuitton, because European goods are more expensive than ever this season for anyone spending U.S. dollars. Indeed, European goods are getting more expensive for anyone whose money is pegged to the dollar. Now that the Federal Reserve has made its move to stem the paralysis in the credit markets and subsequent economic weakness, investors are doing the cost-benefit analysis. In the short days following last Tuesday's cut, the costs of a weakened currency seem to outweigh... thestreet.com http://www.freerepublic.com/focus/f-news/1901045/posts#comment Sun, 23 Sep 2007 18:01:25 GMT http://www.freerepublic.com/focus/f-news/1742268/posts Fed's Fisher said welcomes bigger role for euro BERLIN, Nov 20 (Reuters) - Federal Reserve Bank of Dallas President Richard Fisher said on Monday he expected the international role of the euro to grow in time, but stressed he did not expect this to be at the expense of the dollar. "I don't spend my time worrying about the central banks dumping dollars and replacing them with euros," he said during an audience question-and-answer session after addressing the American Academy Berlin Economic Policy Forum. "I expect the euro to play a greater role than before as a reserve currency. I... REUTERS http://www.freerepublic.com/focus/f-news/1742268/posts#comment Tue, 21 Nov 2006 21:03:05 GMT http://www.freerepublic.com/focus/f-news/1632350/posts LONDON, May 15 (Reuters) - The dollar rose sharply across the board on Monday as a fall in global stock and commodity markets triggered general dollar buying against commodity and emerging currencies. Precious metals such as gold fell sharply on fund-related selling, while European stock markets extended losses on Monday, falling nearly two percent in inflation concerns. "There's quite a lot of liquidation of various asset classes at the momoment. People are liquidating stocks and gold. Liquidation of gold in general typically benefits the dollar," a UK bank trader said. Commodity currencies such as the New Zealand and Australian dollars... Reuters http://www.freerepublic.com/focus/f-news/1632350/posts#comment Mon, 15 May 2006 09:08:16 GMT http://www.freerepublic.com/focus/f-news/1624479/posts TOKYO, May 1 (Reuters) - The dollar struck a seven-month low against the yen and a one-year low against the euro on Monday, extending a slide as the Federal Reserve appears set to soon end a two-year run of credit tightening. A renewed focus on U.S. deficits after last month's meeting of Group of Seven industrialised powers, worries about Iran's nuclear ambitions and deteriorating technical signals have pummeled the dollar across the board. The yen gained across the board on solid buying by foreign hedge funds and investment banks, while some Japanese players squared positions heading into the country's Golden... Reuters http://www.freerepublic.com/focus/f-news/1624479/posts#comment Mon, 1 May 2006 09:05:39 GMT http://www.freerepublic.com/focus/f-news/1608725/posts BEIJING (Reuters) - China should gradually reduce its holdings of U.S. debt and can stop buying dollar-denominated bonds, a Hong Kong newspaper on Tuesday quoted Cheng Siwei, a vice chief of China's parliament, as saying. With China a leading financier of the U.S. current account deficit, Cheng's comments sent the dollar lower against the euro and yen and also pushed down prices of U.S. government bonds. The Beijing-funded Wen Wei Po daily carried Cheng's comments, made in Hong Kong on Monday, but it was not immediately clear whether they reflected those of top decision makers who determine the content of... Reuters/ Yahoooo http://www.freerepublic.com/focus/f-news/1608725/posts#comment Tue, 4 Apr 2006 04:11:36 GMT http://www.freerepublic.com/focus/f-news/1598648/posts The United Arab Emirates is planning to switch 10pc of its foreign reserves from dollars to euros in the first sign of fall-out from Washington's snub to Dubai Ports World last week.Sultan bin Nasser Al Suwaidi, the governor of UAE's central bank, said the plan was designed to achieve a better balance in the $19.1bn reserves of the oil-rich Gulf federation, almost entirely held in dollars. "This policy initiative has nothing to do with the controversy over DP World's bid for P&O operations in the US," he said. In the same breath, however, he denounced the move by the US... Telegraph.uk http://www.freerepublic.com/focus/f-news/1598648/posts#comment Sat, 18 Mar 2006 12:01:21 GMT http://www.freerepublic.com/focus/f-news/1596813/posts A number of Middle Eastern central banks said on Tuesday that they would seek to switch reserves from the US greenback to euros. The United Arab Emirates (UAE) said that it was considering moving one-tenth of its dollar reserves to the euro, while the governor of the Saudi Arabian central bank condemned the decision by the United States to force Dubai Ports World to transfer its ownership to a "US entity", the UK Independent reported. "Is it protectionism or discrimination? Is it okay for US companies to buy everywhere but it is not okay for other companies to buy the... Middle East Times http://www.freerepublic.com/focus/f-news/1596813/posts#comment Wed, 15 Mar 2006 16:58:19 GMT http://www.freerepublic.com/focus/f-news/1563103/posts The Nikkei share average slid 2 percent on Monday as tech firms such as Advantest Corp. (6857.T) fell on a decline in the dollar and after U.S. shares were battered during Wall Street's biggest loss in nearly three years. Internet stocks such as Softbank Corp. (9984.T) dropped on the lingering effects of an investigation by prosecutors into Livedoor Co. (4753.T) on suspicion that the Internet portal had spread false information to investors. Reports of the investigation emerged last week and sent the stock market tumbling. Analysts said quarterly earnings, which are set to peak later this month, kept institutional investors... Reuters http://www.freerepublic.com/focus/f-news/1563103/posts#comment Mon, 23 Jan 2006 07:32:21 GMT http://www.freerepublic.com/focus/f-news/1529675/posts LONDON (Reuters) - The dollar hit a 27-month high against the yen on Monday and edged closer to recent two-year lows versus the euro and sterling as greenback buying on yield advantage gathered momentum after a long U.S. weekend. In the absense of major data on Monday, investors, coming back from the Thanksgiving holiday weekend, pushed the dollar higher in anticipation of further rises in U.S. interest rates. The euro kept a low profile as investors awaited European Central Bank speakers including chief Jean-Claude Trichet ahead of a widely-expected 25 basis point rate hike this week. But the outlook beyond... Reuters http://www.freerepublic.com/focus/f-news/1529675/posts#comment Mon, 28 Nov 2005 11:14:40 GMT http://www.freerepublic.com/focus/f-news/1524417/posts Technical Overview · British Pound Heads To 1.7000· Swiss Franc Sees 1.3500 In Its Future· New Zealand Dollar Fails To Capture .6900 Traders Corner:Reality or wishful thinking, it’s a very delicate balance when it comes to trading. As a trader I always learned not to let the wishful thinking cloud my judgment. I never let such notions as hopes and dreams distort the reality of the market. At one point when I found myself grasping at straws in a sinking trade I realized that no matter what I think, wish or hope, the market will do what its need to... Daily FX http://www.freerepublic.com/focus/f-news/1524417/posts#comment Fri, 18 Nov 2005 11:35:20 GMT http://www.freerepublic.com/focus/f-news/1522264/posts TOKYO (Reuters) - The dollar clung close to a two-year high against the euro and a 27-month peak versus the yen on Tuesday as more investors flock to the U.S. currency for its widening yield advantage. The yen came under pressure after Japanese Prime Minister Junichiro Koizumi made a rare comment on central bank policy, saying it was too early for the Bank of Japan to end its ultra-loose "quantitative easing" until deflation is defeated. Koizumi's remarks on Monday added to a chorus of government officials calling for the BOJ, which gained political independence just in 1998, to work with... Reuters http://www.freerepublic.com/focus/f-news/1522264/posts#comment Tue, 15 Nov 2005 10:22:58 GMT http://www.freerepublic.com/focus/f-news/1496233/posts LONDON (Reuters) - The dollar remained firm on Tuesday near this week's three-month highs against the euro and 16-month peaks versus the yen as a Federal Reserve official joined the hawkish chorus on U.S. interest rates. The dollar also hit a two-month high against sterling and against an index of major currencies as investors priced in prospects for the Fed to press ahead with its 15-month credit-tightening campaign. Atlanta Fed President Jack Guynn told Reuters in an interview on Monday that the Fed's tightening campaign still has "a ways to go" before completion. Analysts said strong data, equity inflows and... Reuters http://www.freerepublic.com/focus/f-news/1496233/posts#comment Tue, 4 Oct 2005 10:50:59 GMT http://www.freerepublic.com/focus/f-news/1487748/posts 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... The Canadian Press via COMTEX http://www.freerepublic.com/focus/f-news/1487748/posts#comment Tue, 20 Sep 2005 04:21:13 GMT http://www.freerepublic.com/focus/f-news/1429553/posts TOKYO (Reuters) - The euro fell below $1.20 for the first time in 10 months on Friday as traders bet that euro zone interest rates will eventually be cut and make the dollar an even more attractive destination for investors. A combination of Sweden's central bank slashing interest rates this week and the Bank of England moving closer to lowering rates has thrown the spotlight on the European Central Bank. ECB officials have held firm that current rates at 2 percent are appropriate, but political pressure has mounted on the euro zone's central bank to do something about the region's... Reuters http://www.freerepublic.com/focus/f-news/1429553/posts#comment Fri, 24 Jun 2005 08:42:23 GMT http://www.freerepublic.com/focus/f-news/1429508/posts NEW YORK - Billionaire investor Warren Buffett said on Thursday in an interview on CNBC he maintains a long-term bearish view on the dollar due to the size of the U.S. trade deficit, despite the currency's recent strength. . . . The latest available data show that the U.S. current account deficit widened to $195 billion in the first quarter of this year, or 6.4 percent of gross domestic product — a record by both measures. This means the U.S. economy must attract around $2 billion of foreign capital every day just to balance its books, alleviate the downward pressure... Reuters by way of MSNBC http://www.freerepublic.com/focus/f-news/1429508/posts#comment Fri, 24 Jun 2005 05:25:17 GMT http://www.freerepublic.com/focus/f-news/1421754/posts LONDON (Reuters) - The dollar hit a nine-month high against the euro on Monday, extending recent gains made after upbeat U.S. data and comments from Federal Reserve chief Alan Greenspan fanned expectations of more U.S. interest rate hikes. Finance ministers from the world's rich nations (G8) during their weekend meeting in London kept up pressure on China to move toward more flexible exchange rates, but produced no clues as to the timing. Following last week's better-than-expected U.S. trade data and Greenspan's comments that the economy was on a "firm footing," the market is looking to see if this week's figures... Reuters http://www.freerepublic.com/focus/f-news/1421754/posts#comment Mon, 13 Jun 2005 09:00:09 GMT http://www.freerepublic.com/focus/f-news/1417968/posts TOKYO (Reuters) - The euro hit an 11-month low against the yen on Tuesday, hurt by a bleak economic outlook for the euro zone and remarks by the European Central Bank chief which the market saw as a hint of interest rate cuts. The ECB will do "all it can" to reinforce consumer and business confidence, and economic reforms are fundamental to boost euro zone growth, ECB President Jean-Claude Trichet said in a discussion among central bankers from China, Europe and Japan in Beijing. "Trichet suggested that maybe he has to do something about interest rates," said a trader at... Reuters http://www.freerepublic.com/focus/f-news/1417968/posts#comment Tue, 7 Jun 2005 08:43:44 GMT http://www.freerepublic.com/focus/f-news/1414656/posts The under-fire euro fell further on Wednesday, slumping to an eight-month low against the US dollar amid rumblings over the long-term future of the eurozone. The fresh selling was prompted by a report claiming that Hans Eichel, the German finance minister, and Axel Weber, the president of the Bundesbank, were present at a meeting at which the possible break-up of European Monetary Union was discussed. The German Bundestag is also said to have commissioned a report on the legal repercussions of a country wishing to leave the EMU. Germany’s finance ministry labelled the talk “absurd”, while Mr Eichel and Mr... Financial Times http://www.freerepublic.com/focus/f-news/1414656/posts#comment Wed, 1 Jun 2005 21:43:59 GMT http://www.freerepublic.com/focus/f-news/1414272/posts FRANKFURT/BERLIN (Reuters) - The euro dipped sharply on Wednesday on reports that the possibility of a failure of European Monetary Union was discussed at a high-level meeting of German financial officials. A source who attended the meeting last week said Finance Minister Hans Eichel and Bundesbank President Axel Weber were present but that they did not take part in any discussion on the future of the system which gave birth to the euro. The Bundesbank said it would issue an official statement later on Wednesday in response to a report about the meeting in Germany's Stern magazine. Stern said the... Reuters http://www.freerepublic.com/focus/f-news/1414272/posts#comment Wed, 1 Jun 2005 10:03:20 GMT http://www.freerepublic.com/focus/f-news/1411468/posts TOKYO (Reuters) - The dollar held near a seven-month high against the euro on Friday on solid U.S. growth figures and expectations that France would say "Non" to an EU constitution in an upcoming referendum. The U.S. currency was also in sight of seven-month peaks struck against sterling and the Swiss franc on Thursday when it got a boost from revised data showing the U.S. economy expanded at an annual rate of 3.5 percent in the first quarter. That compared with the government's previous estimate of 3.1 percent growth, though the revised figure was a tad lower than economists' forecasts.... Reuters http://www.freerepublic.com/focus/f-news/1411468/posts#comment Fri, 27 May 2005 07:13:23 GMT http://www.freerepublic.com/focus/f-news/1408902/posts Germany on Monday launched a dollar bond – its first such foreign currency bond since the second world war – and met with such strong demand that it raised the size of the issue to $5bn. The sale of the bond, which comes amid efforts by the German government to diversify its borrowing base, was met with orders in excess of $13bn during the bookbuilding process. The benchmark size for such an issue is considered to be about $3bn. A formal announcement from the German finance ministry is likely to come today when pricing is also expected to take place.... Financial Times http://www.freerepublic.com/focus/f-news/1408902/posts#comment Mon, 23 May 2005 20:14:30 GMT http://www.freerepublic.com/focus/f-news/1403931/posts TOKYO (Reuters) - The dollar rallied to a seven-month high against the euro on Monday after a run of surprisingly upbeat data eased worries that the United States may not attract enough capital to fund its huge external deficit. An above-consensus rise in new jobs and retail sales in April and a narrower-than-expected trade deficit in March have fueled buying in the dollar, pushing the single European currency below its major support level this year. "Investors had preferred the euro. But now they are shifting some of their funds back to the dollar," said Takehiko Jimbo, a forex sales manager... Reuters http://www.freerepublic.com/focus/f-news/1403931/posts#comment Mon, 16 May 2005 08:12:17 GMT