The euro hit a four-year low against the U.S. dollar Friday, losing ground as weak U.S. payroll figures and mounting concerns about Hungary's fiscal situation prompted investors to run toward the relative safety of the greenback.
Against the dollar, the euro (CUR_EURUSD 1.1908, -0.0032, -0.2679%) traded at $1.1966, and fell to a four-year low of $1.1954, breaking the key level of $1.20 for the
Stocks News » Currencies
A fresh four-year low for Euro agains Greenback
Posted by zhangle 94 days ago (http://www.marketwatch.com)
Could it get worse? Yes, a lot worse, before it gets better. The Euro has hit a 4-year low before bouncing back in what the Telegraph is calling a bear squeeze.
Jim Rogers Sizes Up Two Global Bubbles
Posted by JJBenson 174 days ago (http://www.cnbc.com)
The euro is unlikely to still exist as a currency over the longer term, the pound will fall substantially in the next few years and US Treasurys and some real estate in China are the world's two current bubbles, legendary investor Jim Rogers told CNBC.com Wednesday.
"The euro [EUR=X 1.3682 -0.0049 (-0.36%)] will probably break up in the next 15 to 20 years," Rogers said in an interview. "Do
"The euro [EUR=X 1.3682 -0.0049 (-0.36%)] will probably break up in the next 15 to 20 years," Rogers said in an interview. "Do
Punters pump up volumes in currency futures market
Posted by HappyTrader 192 days ago (http://economictimes.indiatimes.com)
Trading interest in dollar-rupee futures that went live around a year-and-a-half ago seems to have spurted over the past five months. The combined average daily turnover on National Stock Exchange (NSE) and MCX Stock Exchange (MCX-SX), which offer currency futures trading, has more than doubled.
Vietnam To Devaluate Dong By 3.4% Thursday -Central Bank
Posted by CaraTan 201 days ago (http://www.vnstocknews.com)
The State Bank of Vietnam, the country's central bank, said Wednesday that it will devalue the Vietnamese dong to VND18,544 per dollar Thursday from VND17,941.
"The average exchange rate to be applied for in the interbank market Thursday will be VND18,544," the central bank said in a statement.
"The average exchange rate to be applied for in the interbank market Thursday will be VND18,544," the central bank said in a statement.
IMF announces gold sale lead to Dollar gains vs Euro
Posted by YenFung 202 days ago (http://www.marketwatch.com)
The dollar gained against the euro in Asian trading Thursday, after the International Monetary Fund said late Wednesday that it plans to sell 191.3 tons of gold, likely on the open market.
The IMF's announcement pushed spot prices and gold-miner shares lower. The planned sales would be valued at about $6.19 billion at current prices, according to CNBC. See full story on IMF gold sales.
The IMF's announcement pushed spot prices and gold-miner shares lower. The planned sales would be valued at about $6.19 billion at current prices, according to CNBC. See full story on IMF gold sales.
Euro continues Gain against Dollar amid hope on Greece Currencies
Posted by HassanAhmad 203 days ago (http://www.marketwatch.com)
The euro continued recent gains against the dollar in Asian trading Wednesday, as investors absorbed details of European aid to Greece that emerged in the previous session.
Punters give a heady start to currency pair trade
Posted by MyTrade 218 days ago (http://economictimes.indiatimes.com)
Punters and hedgers from the equity and commodity derivatives markets gave a good start to trading in the new currency pairs, led by euro-rupee, that went live on Monday. Apart from euro-rupee, pound-rupee and yen-rupee trading got under way after capital markets regulator Sebi permitted stock exchanges such as NSE, MCX-SX and BSE to launch new currency pairs on their platforms last month.
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