ForexGen Latest News: economy

Euro Up Against The Dollar at $1.4057

Mon, 22 Dec 2008 23:44:55 GMT

Euro up against the dollar at $1.4057 on strong German consumer news The euro recovered some ground against the dollar Monday after a German survey showed consumer confidence is stabilizing in the European Union's largest economy.The 15-nation currency bought $1.4057, up from the $1.3887 it had plummeted to late Friday in New York. That followed a volatile week that saw the euro reach its... [read more]

Euro hurt by contracting German economy | ForexGen

Fri, 22 Aug 2008 03:40:50 GMT

The euro and the pound both weakened versus the US dollar Wednesday after new data showed that the German economy contracted by 0.5 percent in the second quarter and the minutes of the latest meeting of the Bank of England showed a three-way disagreement on where interest rates should go. There were also indications in the Monetary Policy Committee’s meeting minutes that the risk of inflation could... [read more]

Risk aversion helps yen, Swiss franc | ForexGen

Fri, 22 Aug 2008 03:22:30 GMT

Fears about more losses due to the current credit crisis helped the yen and Swiss franc to gains Thursday on the theory that investors will be less inclined to seek out risky currency trades funded with the low-yielding currencies. In late morning trade in New York the yen traded at ¥161.1536 to the euro, at ¥108.3350 to the US dollar and at ¥95.1723 to the Australian dollar, while the Swiss franc... [read more]