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Euro hurts exporters in region

posted by vhinz316 707 days ago in EUR

The continued weakness of the euro has driven Oriental Weavers, a major Egyptian carpet company, to increase prices and try to renegotiate export contracts set in the European currency.

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Euro gets thumbs-up; cbanker rejects expulsion

posted by vhinz316 708 days ago in EUR

Expelling members from the euro zone is no solution to the current crisis, a European central banker said on Friday, as policymakers lined up in a chorus of support for the single currency.

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EUR/CHF: Nearing Recent Lows At 1.3730

posted by vhinz316 709 days ago in EUR, CHF made popular 709 days ago

The downtrend wrested back control overnight and we now look set to re-test the 1.3730 low from early last week. We can expect to see some stops go off (mine included) if the level breaks.

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Oil prices mixed in 77-79 dollar range

posted by vhinz316 709 days ago in USD, Oil

New York's main futures contract, light sweet crude for delivery in July, shed 44 cents to 77.23 dollars a barrel.

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NZ dollar strengthens

posted by vhinz316 710 days ago in NZD made popular 710 days ago

The New Zealand dollar strengthened overnight even as market anxiety rose and investor risk appetite wobbled. By 8am the NZ dollar was buying US69.79c, having ranged between about US69.30c and US70c overnight. BNZ strategist Mike Jones said globa

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Aussie dollar rises

posted by vhinz316 711 days ago in AUD made popular 711 days ago

The Australian dollar opened almost one and a half cents higher today after US equities rallied on positive global sentiment overnight.

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Euro to Rise to $1.2475 as Short Bets Fall

posted by vhinz316 711 days ago in EUR

The euro may appreciate to the highest level in three weeks as investors close out bets for declines in the shared currency, according to Barclays PLC.

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US economy too weak for rate hike

posted by vhinz316 712 days ago in USD, Inflation

The US economy’s recent recovery is not yet strong enough to trigger an increase in interest rates, a Federal Reserve official said Monday.

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Euro higher against dollar

posted by vhinz316 712 days ago in EUR, Trade

The euro was higher against the dollar on Monday, extending gains on hopes that positive data means the eurozone debt crisis will not derail the global economic recovery, dealers said.

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Gold Hits All-Time High As Oil Soars

posted by vhinz316 714 days ago in USD, Gold made popular 714 days ago

The price of gold struck a record high above $1,250 an ounce this week as investors nervous about the weak state of the global economy sought safety in the precious metal.

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US Dollar sheds strength vs rupee

posted by vhinz316 714 days ago in USD made popular 714 days ago

The dollar depreciated against the rupee in the interbank market throughout the week’s trading, dealers said on Saturday. The American currency commenced the week’s trading at Rs 85.34 for buying, decreased seven paisas and closed at Rs 85.27 for

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Euro to hit dollar parity in 2011, if still exists

posted by vhinz316 715 days ago in USD, EUR made popular 715 days ago

The euro is set to sink to parity with the dollar in 2011 because of the slow pace of economic recovery in Europe, if it has not broken up by then, a consultancy predicted Friday.

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