Currency Markets

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Dollar slides, sending gold to record high

AFP American Edition yesterday

The dollar slid against the euro on Monday on concerns that the Federal Reserve may keep emergency stimulus measures in place for a while longer, helping push gold prices to a record high level. In late morning trading here, the euro climbed ...

US economy will 'bounce back': Indian PM

AFP Global Edition yesterday

Indian Prime Minister Manmohan Singh has voiced confidence that the US economy will make a strong recovery and poured cold water on talk of dropping the dollar as the key global currency. In an interview ahead of his arrival Sunday on a ...

Indian PM says no substitute for U.S. dollar: report

Reuters US Online Report Business News yesterday

NEW DELHI, NOV. (Reuters) - Indian Prime Minister Manmohan Singh said on Sunday there was no substitute to the U.S. dollar for replacement as the global reserve currency. "As far as I can see there is no substitute for the dollar," Manmohan ...

Dollar keeps gaining as traders pare risk exposure

AP News 3 days ago

Dollar continues to rise, with Treasury yields near year lows, as investors pare risk The safe-haven dollar further strengthened Friday and Treasury yields hovered around their lows for the year as worries about the economy in 2010 diminished traders' appetites for risky ...

Gold ekes out small gain, other metals hold steady

AP News 3 days ago

Gold prices inch higher, buoyed by safe-haven appeal; Other metals little changed Gold prices finished higher for a sixth straight day Friday, rising even as the dollar strengthened. The December contract added $4.90 to settle at $1,146.80 an ounce on the New ...

Real estate agents see return of foreign buyers

AP News 3 days ago

Low prices, weak dollar attracts international investors into US housing market Canadian investor Arthur Wong is buying condos in Las Vegas and Phoenix like a shopper at Costco: In bulk, with slashed prices. Wong, president of Optimus U.S. Real Estate Fund, has ...

Oil prices mixed as inventories stay high

AFP Global Edition 4 days ago

Oil prices traded mixed on Friday and were likely to stay under 80 dollars amid high energy inventories in the United States, the world's biggest energy-consuming nation, analysts said. New York's main contract, light sweet crude for December delivery, dipped nine cents ...

US lawmakers may penalise China over rigid yuan

AFP Global Edition 4 days ago

US lawmakers criticized US President Barack Obama's administration on Thursday for not pressuring China enough over its rigid currency as they set the stage for slapping import duties on Chinese goods. As Obama returned home without any pledge from China to make ...

US lawmakers threaten China sanctions over currency

AFP Global Edition 4 days ago

US lawmakers criticized US President Barack Obama's administration Thursday for not pressuring China enough over its rigid currency as they set the stage for slapping import duties on Chinese goods. As Obama returned home without any pledge from China to make its ...

THE RALLY CONTINUES

BusinessWeek 4 days ago

THE RALLY CONTINUES The dollar may be diving like a blue whale, but investors keep piling into U.S. stocks. The S&P 500 climbed 2.7% in the three days ended on Nov. 11, notching a 13-month high and raising its 2009 gain to ...

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