The European Central Bank might be run by a Frenchman; its heart and soul belong to Germany’s Bundesbank.
ECB President Jean-Claude Trichet faces political pressure to stop raising interest rates, and some of his own policy makers query the extent of the inflation threat in Europe. Still, investors are betting he’ll push borrowing costs higher, upholding […]
The yen fell on Tuesday as a rise in U.S. stocks eased fears about deteriorating credit markets, helping to halt risk aversion that had led to the unwinding of carry trades and supported the Japanese currency.
Concerns about ongoing U.S. subprime mortgage market woes spreading to wider credit markets have prompted investors to cut risk exposure […]
The dollar headed for a second monthly decline against the euro on speculation a U.S. government report today will show slowing consumer spending growth.
The U.S. dollar weakened against 14 of the 16 most-active currencies on prospects an economic slowdown and a slump in corporate debt will prompt the Federal Reserve to lower interest rates. The […]
The yen hit a three-month high against the euro in early trade on Monday as the selloff in
global equity and credit markets prompted investors to cut back on risky positions such as carry trades.
The yen shrugged off a crushing defeat for Japanese Prime Minister Shinzo Abe’s ruling camp in upper house elections on Sunday, even […]
The yen traded near a three-month high against the euro as a slump in global stocks caused traders to repay Japanese currency loans used to fund higher-yielding investments.The Australian and New Zealand dollars, favorites of so- called carry trades, dropped as corporate debt markets slumped worldwide, increasing the cost of takeovers. The ruling coalition of […]
Tokyo stocks plummeted Friday on selling spurred by an overnight plunge in U.S. shares and the yen’s sharp appreciation against other major currencies, dragging down the benchmark Nikkei to a nearly three-month low.
The 225-issue Nikkei Stock Average lost 418.28 points, or 2.36 percent, to 17,283.81, its lowest finish since May 1. The broader Topix index […]
The euro pared its recent gains against the U.S. dollar on Friday, slipping briefly below $1.37 for the first time in several days, before rising in morning trading.The 13-nation currency fell as low as $1.3690 before climbing back to $1.3707 in late morning European trading, still lower than the $1.3718 it bought in New York […]
The dollar rebounded against the yen and the euro as stock markets gained before a report expected to show U.S. economic growth accelerated in the second quarter.The dollar may trim this month’s 1.8 percent decline versus the euro as the Commerce Department will probably say the economy expanded at the fastest pace in more than […]
The yen rose against all 16 of the most actively traded currencies as global equities fell, prompting traders to reduce investment in assets funded by borrowing in Japan.
Japan’s currency rose to an almost three-month high against the dollar, 1.7 percent against the Australian dollar and 2.8 percent against the Brazilian real. […]
The dollar jumped broadly on Wednesday in a technical rebound from record lows against the euro, shrugging off fresh signs of deterioration in the U.S. housing sector.
A government report showed U.S. existing homes sales in June were the lowest since November 2002, even though the median price rose for the first time in 11 months.
The […]
You are currently browsing the EprofitOnline News weblog archives for July, 2007.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Jun | Aug » | |||||
| 1 | ||||||
| 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 9 | 10 | 11 | 12 | 13 | 14 | 15 |
| 16 | 17 | 18 | 19 | 20 | 21 | 22 |
| 23 | 24 | 25 | 26 | 27 | 28 | 29 |
| 30 | 31 | |||||
