Dollar at seven-year high against yen

The dollar rose to seven-year highs against the Japanese yen on Wednesday after the Federal Reserve meeting released minutes contained no big surprises to make investors change their bets that the U.S. economy will keep strengthening. Fed policy makers wrestled with whether to nod to financial market volatility and a weakening global economy in their […]

Euro inches lower vs dollar, focus on Bernanke

The euro eased against the dollar on Monday, with the near-term focus on whether U.S. Federal Reserve Chairman Ben Bernanke will give any hint of additional monetary stimulus when he gives testimony to Congress in coming days. The Australian dollar dipped but held on to the bulk of the gains it made on Friday when

China “adamantly opposes” U.S. currency bill

China’s foreign ministry said it “adamantly opposes” a bill being pushed by the Senate to allow the United States to impose duties on countries that undervalue their currencies. In a statement posted on China’s official government website (www.gov.cn) on Tuesday, foreign ministry spokesman Ma Zhaoxu warned the United States not to “politicize” currency issues.

US sanctions forced Syria to stop all US dollar transactions

Syrians will have to tighten their belts if protests against President Bashar Al-Assad remain unabated and US and European sanctions bite, the country’s top banker told AFP in an interview. “It will be more and more difficult because of sanctions and the events. We will have to tighten our belts,” said Adib Mayaleh, the governor […]

Markets, Euro Fall and Greece Jitters Return

After a nearly $1 trillion rescue package meant to end Europe’s debt crisis once and for all, financial markets took a second look Friday and began to worry about how the plan would actually work and the implications of the drastic austerity measures for the fragile European economies. The worries sent financial markets into a […]

Dollar hits highest in more than a year against the euro, pound

The U.S. dollar rose to the highest level in more than a year Thursday, gaining on the euro and the British pound, as currency traders’ appetite for risk remained restrained because of rising worries about the long-term implications of euro-zone debt problems even with the European Union and International Monetary Fund’s financial aid.

Oil , Dollar up after Iran-Iraqi tension

The U.S. dollar gained broadly on Friday on improved economic sentiment and a safe-haven bid after Iranian soldiers crossed into Iraq and took up positions in a disputed southern oilfield, which also lifted oil prices. The euro fell below $1.43 for the first time since early September, flushing out short dollar trades, while the dollar […]