euro dollar financial news
Positive Financial News Boosts Euro against Greenback
Positive sentiment in equity markets is dragging down the U.S. dollar against the euro ahead of the North American trading session.Risk appetite is emanating from the banking sector, following reports that Citigroup could have higher-than-expected earnings for the first quarter. According to an article in the New York Times, an internal memo from the bank said they earned more than $19 billion in the first two months of 2009.The news has helped the euro retrace some of
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Sterling Sensitive to Grim Financial News
A second wave of banking concerns is hurting the pound sterling, which is one of the worst performers against the U.S. dollar.During the European trading session, Europe's largest bank, HSBC, reported a 70% drop in net profits for 2008. It also announced that it would raise $17.7 billion in new capital through new share issuance and cut over 6,000 jobs in the U.S.The grim news from the bank has put pressure on sterling, according to currency strategists.
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U.S. Dollar Falls on All Major Crosses
(CEP News) The foreign exchange market focused on country-specific themes instead of risk appetite on Friday and the U.S. dollar was broadly punished on fears about the U.S. financial system.The U.S. dollar was down 0.98 to 93.22 against the yen and the Dollar Index was down 0.951 to 86.488.The Canadian dollar was up 0.0037 to 0.7996 against the U.S. dollar (1.2508 USD/CAD) and down 0.34 to 74.53 against the yen. The euro was up 0.0172 to 1.2846 against the U.S.
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ECB Ready to Take Greater Supervisory Role, Says Bini Smaghi
(CEP News) Frankfurt - European Central Bank member Lorenzo Bini Smaghi said the financial landscape has
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Forex - Bailout of Freddie Mac and Fannie Mae boosted confidence in the US financial sector and the Dollar.
The Dollar rallied to a one-year peak against a basket of currencies on Monday, as the government's takeover of the country's two biggest mortgage finance agencies boosted confidence in the US financial sector.While the news did much to reduce concern about systemic financial market risks, it did little to change fundamentals that had start
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Les actions américaines virent positives
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Canada Building Permits rise a 23.5% in Mar
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Germany Mar Industrial Production unchanged on month, -20.4% on year
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Le premier souci des Canadiens en 2009 : la sécurité d'emploi
Selon un sondage en ligne de l’agent en placements Edward Jones, 32 % des Canadiens disent que la sécurité d'emploi est leur premier souci en 2009. SSCEP Newswires - CEP News © 2008. Tous droits réservés. www.economicnews.ca Toute copie, diffusion, réédition ou redistribution du contenu de CEP News est prohibée sans le consentement antérieur par écrit de CEP News.
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Greenback Remains Stronger as Swine Flu Continues to Work Through Markets
The U.S. dollar is broadly stronger on Tuesday, except against the Japanese yen, as the effects of the swine flu continue to work their way through the financial markets on Tuesday.After holding an emergency meeting on Monday, the World Health Organization raised its pandemic threat level on the swine flu from three to four, citing evidence of increased human-to-human transmission. Japan Finance Minister Kaoru Yosano said it is difficult to judge how the swine flu will affect
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