Archive for May, 2007

Yen Gains After China Increases Tax on Securities Trading

Tuesday, May 29th, 2007

The yen gained after Xinhua News Agency reported that China will increase the stamp tax on securities trading in an effort to cool a rally in the nation’s stock market.Traders bought the yen on the report out of concern that Chinese efforts to temper speculation in their stocks may undermine investors’ appetite for buying riskier […]

Bonds dip on strong consumer confidence

Tuesday, May 29th, 2007

The 10-year note dips 2/32 to yield 4.87 percent, while foreign central bank selling pushes the dollar lower.
NEW YORK (CNNMoney.com) — Bonds dipped after a stronger than expected consumer confidence report was released. The dollar edged down against the euro and yen.
The 10-year benchmark bond dipped 2/32, or 63 cents, to yield 4.87 percent, up […]

U.S. Dollar Mostly Down, Gold Rises

Tuesday, May 29th, 2007

The U.S. dollar was mostly down against most major currencies in European trading Tuesday. Gold rose.
The euro traded at $1.3483, up from $1.3451 late Monday in New York.
Other dollar rates:
_ 121.41 Japanese yen, down from 121.68
_ 1.2230 Swiss franc, down from 1.2287
_ 1.0813 Canadian dollar, up from 1.0799
The British pound traded at $1.9874, up from […]

Dollar Falls Against Euro

Tuesday, May 29th, 2007

BERLIN (AP) - The dollar fell against the euro Tuesday in the face of a U.S. survey that showed an unexpected recovery in consumer confidence.
The 13-nation euro bought $1.3492 in afternoon European trading, up from $1.3451 in New York late Monday.
The British pound slipped to $1.9831 from $1.9834, while the dollar edged up to 121.71 […]

Dollar clings to highs against euro, yen

Monday, May 28th, 2007

Heightened speculation that the Federal Reserve will not cut interest rates anytime soon lifts dollar.
LONDON (Reuters) — The dollar traded tightly near a six-week peak against the euro and three-month high versus the yen Monday as markets concluded that last Friday’s weak U.S. housing data did little to shake receding expectations of a Federal Reserve […]

Dollar falls as rate cut hopes fade

Monday, May 28th, 2007

The dollar traded near a six-week peak against the euro today as expectations of US rate cuts later this year began to fade.
The markets concluded that last Friday’s weak US housing data did little to shake receding expectations of a Federal Reserve interest rate cut.
Data on Friday showed that the pace of existing US home […]

Dollar Declines Against Euro as Home Sales Rate Falls in April

Saturday, May 26th, 2007

The dollar fell versus the euro and the Canadian currency after a report showed purchases of existing homes in the U.S. declined during April to the lowest level in almost four years.
The U.S. dollar weakened compared with 13 of the 16 most- active currencies tracked by Bloomberg, outperforming only the yen, British pound and Australian […]

Dollar weakens as US home sales dip

Saturday, May 26th, 2007

NEW YORK - The dollar weakened against the euro Friday amid renewed concerns about US economic strength after an industry survey showed new home sales fell to their lowest levels in almost four years.
At 2100 GMT, the euro was changing hands at 1.3438 dollars, up from 1.3428 dollars late on Thursday in New York. At […]

Dollar falls to day lows against euro after soft home sales data

Saturday, May 26th, 2007

The dollar sank to day lows against the euro after existing home sales data came in below expectations.US sales of existing homes fell 2.6 pct to a 5.99 mln annual rate in April, compared to expectations for a more moderate fall to 6.115 mln units from March’s 6.120 mln.
The data contrasts sharply with yesterday’s strong […]

Dollar buoyed by housing data

Thursday, May 24th, 2007

NEW YORK (Reuters) - The dollar gained on Thursday after data showed new home sales in April grew at their fastest pace in 14 years, bolstering the view the Federal Reserve may not have to cut interest rates this year.
The greenback surged to a one-month high against the euro and pared losses against the yen […]