US dollar

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Dollar Hits 6-Week High Against Euro

US, Europe team up to boost gaining greenback

(Newser) - The dollar hit a six-week high against the euro yesterday, leading relieved policymakers on both sides of the Atlantic to hope that the worst is over, reports the Financial Times. Analysts still reckon that Washington will continue its policy of benign neglect: a soft dollar encourages exports and reduces the...

Dollar Rallies at Last
 Dollar Rallies at Last 
Apr 25, 2008 6:46 AM CDT

Dollar Rallies at Last

Greenback posts biggest advance since March as eurozone sputters

(Newser) - The dollar rose to a three-week high against the euro today and looked set to post its biggest weekly advance since March. The dollar advanced to $1.55 per euro this morning in London, after falling below the $1.60 barrier on Tuesday. The dollar also gained against the yen,...

Consumer Prices Rise in March; Oil Blasts Past $114

Jump in energy, food costs outweighs cheaper clothes; new record for crude

(Newser) - Consumer prices rose an anticipated 0.3% in March, propelled by hikes in the costs of energy, food, and airline tickets; a commodities rush and weak dollar also pushed crude oil to a record high today. Energy costs rose 1.9% in March, the AP reports, and the past year...

Oil Tops Record High $113
 Oil Tops Record High $113 
Updated
Apr 15, 2008 6:44 AM CDT

Oil Tops Record High $113

Dollar's decline chief cause of spike

(Newser) - Crude oil hit a new record high in trading today—$113.66 a barrel—as weary investors attempted to hedge against a tumbling dollar and oil shipments were disrupted around the world. Though the dollar is the main concern, supply problems, including OPEC's decision not to change its 2008 outlook...

G-7 Ministers Talk Tough on Sliding Dollar

Strong words signal desire to keep dollar from the abyss

(Newser) - The Group of Seven's finance ministers are getting more aggressive about stopping the greenback's decline, the Wall Street Journal reports. In what counts as blunt words for the group, a statement yesterday expressed concern about the plummeting dollar's "possible implications for economic and financial stability." The change in...

Skyrocketing Yuan Hits Benchmark

Chinese currency's strengthening against the dollar could boost US inflation

(Newser) - For the first time since China unpegged its currency from America’s in 2005, a dollar bought less than 7 yuan at closing today in Beijing, the New York Times reports. Western countries protested for years the yuan was undervalued; its meteoric rise means Chinese goods are getting more expensive...

Asian Inflation Zapping US Pocketbooks

Fuel costs and weak buck promise to send US prices spiraling

(Newser) - Cheap Asian imports have helped keep American inflation down for decades—but those days appear to be over, the New York Times warns. Rapidly rising costs of fuel, food and labor in countries like China, Vietnam, and Taiwan are beginning to be passed on to their export markets, just as...

25 Ways to Save in Europe
 25 Ways to Save in Europe 
Mar 19, 2008 12:16 PM CDT

25 Ways to Save in Europe

Don't let the dismal dollar derail your dream vacation

(Newser) - Worried that exchanging your dollars into pounds will leave you with pennies? MSNBC outlines 25 ways to stretch your money in Europe.
  1. Find no-cost entertainment, like free days at museums or public concerts.
  2. Use a credit card or get cash from an ATM for the best exchange rates and lower
...

Asian Markets Surge As Dollar Comes Back
 Asian Markets Surge
 As Dollar Comes Back 
MARKETS
Mar 19, 2008 3:53 AM CDT

Asian Markets Surge As Dollar Comes Back

Greenback back above 100 yen; best day in a month in Tokyo

(Newser) - Stocks in Asia had their best day in a month as investors reacted to the Fed's 75-point rate cut and a top Chinese company announced higher-than-expected earnings. The Nikkei climbed 2.5%, with financial stocks leading gains, reports Bloomberg. Companies with substantial business in America also did well—Canon jumped...

Stocks Bounce, End Mixed
 Stocks Bounce, End Mixed 
MARKETS
Mar 17, 2008 3:50 PM CDT

Stocks Bounce, End Mixed

Stocks are up... no down... what's going on?!

(Newser) - Stocks seesawed throughout the day, finally ending today's session mixed, with the Dow closing up. The markets struggled to rebound from serious losses sustained after Bear Stearns' fire sale; buyer JPMorgan Chase's stock closed up 11%. The Dow ended up 21.16 at 11,972.25, the Nasdaq down 35....

Dollar Nosedives, Global Markets Tumble
 Dollar Nosedives,
 Global Markets Tumble 
UPDATED
Mar 17, 2008 3:55 AM CDT

Dollar Nosedives, Global Markets Tumble

Greenback falls to record lows after Bear buyout, rate cut

(Newser) - The dollar took a pummeling and equity markets in Europe and Asia slumped as worried investors reacted to the Bear Stearns fire sale and the Fed's emergency rate cut. The dollar dropped to a shocking 95 yen, hit an all-time low of $1.59 against the euro, and remained below...

Dollar Makes Comeback as Banks Predict Intervention

Greenback back above 100 yen, gains on euro

(Newser) - The dollar made a recovery today after yesterday's disastrous fall, pulling back above 100 yen and gaining against the euro and the pound. The greenback's advance comes as securities firms speculated that the Fed and other central banks will collaborate to safeguard the dollar for the first time in 13...

Gold Hits Record $1K per Ounce
 Gold Hits Record $1K per Ounce 
Mar 13, 2008 1:03 PM CDT

Gold Hits Record $1K per Ounce

Slumping US economy, dollar sends investors to shiny commodity

(Newser) - Gold hit $1,000 per ounce for the first time today, the BBC reports, as investors flock to commodities. The precious metal is already up 20% on the year. “Every bit of bad US economic data boosts gold in two ways,” said Fortis Bank, both because gold is...

New $5 Bill Debuts Today
 New $5 Bill Debuts Today 
Mar 13, 2008 11:45 AM CDT

New $5 Bill Debuts Today

Abe gets a colorful makeover on copy-resistant bills

(Newser) - Honest Abe may've been a bit pasty and gaunt, but the public can now see him in a more vivid hue: The redesigned $5 bill, complete with splashes of purple designed to thwart pesky counterfeiters, is being released today. Lincoln keeps his place on the front, and his memorial on...

Dollar Sinks Below 100 Yen
 Dollar Sinks Below 100 Yen 
Mar 13, 2008 5:10 AM CDT

Dollar Sinks Below 100 Yen

Stocks tumble as dollar hits 12-year low

(Newser) - The dollar's decline continued today, dropping below the symbolically dramatic threshhold of 100 yen for the first time in 12 years. The greenback held on just above ¥100 during the trading day in Tokyo before slumping to ¥99.80 in Europe this morning. The dollar took a pummeling...

Dollar Hit as Emerging Economies Fight Inflation

$108 oil pushes gas prices higher

(Newser) - A weak US dollar continued to fuel surging commodity prices today, keeping oil near $108 a barrel and moving a gallon of gas to $3.225, with analysts predicting near $4 prices by spring, the Wall Street Journal reports. Stress on the greenback is coming from not only major but...

Yen Pounds Dollar as Markets Fall
Yen Pounds Dollar as Markets Fall
Mar 3, 2008 5:42 AM CST

Yen Pounds Dollar as Markets Fall

Markets in worldwide retreat as dollar drops on subprime worries

(Newser) - The dollar’s skid accelerated today, taking it to a three-year low against the Japanese yen, and pushing the free-falling greenback to a record bottom against the Swiss franc and other currencies amid worries that subprime woes will worsen, Reuters reports. Worldwide, stocks dove lower on broad concerns about the...

A Vintage Year for Wine Exports
A Vintage Year for Wine Exports
Feb 29, 2008 12:31 PM CST

A Vintage Year for Wine Exports

California vintners take advantage of a weak dollar to expand overseas market

(Newser) - The dollar’s decline is a boon for California winemakers, who’ve turned the greenback’s challenges into opportunities, expanding exports of everything from top vintages to bulk table wines, reports the Los Angeles Times. California wine exports, 95% of the wine the US sends overseas, jumped 9% to nearly...

Dollar's Slide Pushing Oil Prices Higher

Economic data hammers the greenback as worries about US economy deepen

(Newser) - The dollar continued its fall as unrelentingly dismal economic data eroded confidence in the US economy, Bloomberg reports. The greenback set a new low of $1.52 against the euro this morning and hit a three-year bottom against the Japanese yen. Oil surged more than $2 a barrel to $103....

$1.50 Euro Sparks Biz Plea for Help
$1.50 Euro Sparks Biz
Plea for Help
Feb 28, 2008 4:39 AM CST

$1.50 Euro Sparks Biz Plea for Help

Pricey currency crushing competition for European industry

(Newser) - Now that its common currency is trading above the $1.50 barrier, eurozone industry is calling for action to remain competitive in global markets. BMW, which has already laid off 5,600 employees, will have to take further action in the event of a "sustained rise" of the euro,...

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