exchange rate news stories on Newser

Euro Dives Below $1.30

Kevin Spak — Wed, 14 Dec 2011 07:52:09 CST

The euro has dropped below the $1.30 mark for the first time since January, after a less-than-ideal Italian bond offering stoked fears over the Europe's ongoing debt woes. The currency at times sagged as low as $1.2994 in European trading, after swinging between $1.2989 and $1.3038...

Fed Fires Back at China, Germany

Kevin Spak — Fri, 19 Nov 2010 09:06:05 CST

Ben Bernanke offered a full-throated defense of the Fed’s recent actions in a speech in Frankfurt today, saying the $600 billion quantitative easing plan was essential to reducing joblessness. “On its current economic trajectory, the United States runs the risk of seeing millions of workers unemployed or underemployed for years,...

G20 Nations Brush Off Goals by Geithner

Matt Cantor — Thu, 21 Oct 2010 13:19:51 CDT

G20 officials aren’t likely to accept US proposals to better monitor exchange rates along with trade deficits and surpluses, an insider tells Reuters . Timothy Geithner had hoped to set numerical targets for surpluses and deficits as well as "norms" on currency rate policy. "Right now, there is no established sense...

Dollar Rises, Markets Dip

Rob Quinn — Thu, 17 Dec 2009 04:28:44 CST

The dollar climbed to a three-month high today on rosier-than-expected Fed economic predictions while markets fell on expectations that central banks will soon begin to raise interest rates. The greenback gained against 15 of 16 of its most commonly traded currencies, while major European and Asian stock indices were down...

Euro Cracks $1.50, Dollar Hits New Lows

Jason Farago — Thu, 22 Oct 2009 04:00:00 CDT

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...

Dollar Headed for Biggest Gains Since '81: Bankers

Jason Farago — Mon, 29 Jun 2009 08:24:02 CDT

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....

Dollar Hits 2009 Low

Jason Farago — Fri, 22 May 2009 06:48:33 CDT

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...

Dollar's Long Rally Likely to Stall in 2009

Jason Farago — Mon, 08 Dec 2008 05:28:19 CST

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...

Dollar Soars to 1-Year High

Jason Farago — Mon, 08 Sep 2008 08:06:00 CDT

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...