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| MB issues bills of exchange in US dollar for plus interest rate | | 2008-05-09 19:42:43 | | In next two months, Military Commercial Joint Stock Bank (MB) will issue the US dollar bills of exchange for bonus interest rate from May 6 to July 6 with the payment method in cash or account transfer. The bills of exchange have a term of 3, 7 and 11 months with the minimum face value of US$100 and its multiple.
The...
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| | By: Vietnam Stock Market News | | |
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| Dollar Car Rental U.S. and Worldwide Car Rental Discounts | | 2008-05-09 14:05:34 | | Dollar car rentals is currently offering some great car rental discounts in the United States and abroad for those renting cars overseas.
Take advantage of these Dollar car rental discounts on your next vacation or business trip.
You may also be interested in these other Car Rental Discounts from various national car rental companies if you only [...] | | By: MaximizingMoney.com | | |
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| Imports drive US dollar over dong | | 2008-05-09 05:53:00 | | The US dollar has continued to stren-gthen against the dong. An increase in demand for imports is blamed for the rise. Vietcombank’s listed USD/VND exchange rate was 16,130/16,147, the highest for the year on Wednesday with the interbank rate at VND15,987.
It meant a selling price in the upper range of the +/-1 per cent trading band.
Bank rates listed yesterday were up about 0.76% against early | | By: Vietnam Business Finance News | | |
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| Million Dollar Models | | 2008-05-09 04:33:48 | | Forbes has just published this year's list of the best paid models in the fashion industry.I made these two lists to compare last year's richest models and the newbies. Liya Kebede entered the list but she took Jessica out. Shalom Harlow also disappeared, and Miranda Kerr reached the 10th place in the list, a great improvement in just one year (thanks to Victoria's Secret, of course).I don't know what I'd do if I had that amount of money. Well, I think I do know. I'd buy myself a room in a good | | By: Miss at la Playa | | |
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| The dollar ups after positive news and comments | | 2008-05-08 13:09:40 | | EUR/USD (1.5308)European & US sessions forecast levels: 1.5215/1.5395Trend Sessions: European: DownwardUS: Neutral/DownwardMarket Focus: 8:30 AM Initial Claims, 10:00 AM Wholesale Inventories, 2:00 AM German Trade Balance, 6:00 AM German Industrial Production, 7:45 AM Minimum Bid Rate, 8:30 AM ECB Press Conference.Daily Strategy: The dollar rise against the euro most than 200 pips for the last 24-hours. The dollar was support by Fed and ECB key economist. At the same time the latest fundamental news for European economy show starting downturn. United States may be reached the bottom and will start to recovery by the crisis. The dollar probably will continue to gain against the euro today. The trading strategy is to open short positions today.FS Team | | By: All About Investiment | | |
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| Indian Rupee tumbles against dollar | | 2008-05-06 21:57:00 | | Beating expectations, the Indian rupee on Tuesday tumbled by 34 paise to eight-month low at 40.94/95 against the greenback today as global crude prices hit a new record high, sending oil companies to rush for US currency amidst its short supply.In brisk trade at the Interbank Foreign Exchange market, the local currency resumed weak at 40.67/68 a dollar from its last close of 40.60/61 a dollar and gradually moved downwards to near 41-level during the day.The rupee had seen this level last on September 4, 2007 when it closed at 40.9750/9850.The rupee premiums on forward dollar ended further lower on sustained receivings by exporters.The benchmark six-month forward dollar premiums payable in October ended at 31-1/2 - 33-1/2 paise, down from 33-35 paise on Monday and the far-forward maturing in April eased to 57-59 paise from 60-1/2 - 62-1/2 paise previously.Exchange Rates at 16.40 hrs. (IST) Currency Name Sell Buy TT Bill TT Bill Dollar 40.97(+0.3) 41.00(+0.3) 40.88(+0.3) 40.87(+0.3) | | By: Indian stock markets | | |
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| The dollar is again under pressure | | 2008-05-06 12:21:02 | | EUR/USD (1.5516)European & US sessions forecast levels: 1.5455/1.5585Trend Sessions: European: Neutral/UpwardUS: Neutral/UpwardMarket Focus: 3:30 AM ECB President Trichet Speaks, 4:00 AM Services PMI, 5:00 AM EU PPI.Daily Strategy: The dollar not succeeds to keep the gains by the prior week. The euro continues to gain slowly against the dollar. The forecast remain that EUR/USD will be trading again close to 1.60 in near-term. The speculations that European Central Bank will hold the interest rates unchanged continue. The new oil record yesterday also pushes the dollar to lose again. The trading strategy is to open long positions, as buy on dips. In spite the last positive fundamental news for the US economy the dollar will remain under pressure. | | By: All About Investiment | | |
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| Will The Dollar Continue Its Fall? | | 2008-05-06 12:09:17 | | Economic NewsUSD Yesterday, The USD briefly extended its decline vs. the EUR for the first time in three days after Oil prices hit a record high at more than $120 a barrel. High commodity prices are only exacerbating an already weak economic backdrop, sparking debate over the strength of the U.S. economy.Also yesterday, the ISM Non-Manufacturing Composite index showed that the U.S. services sector grew in April for the first time in 3 months. The Institute for Supply Management's Non-Manufacturing index came in at 52.0 in April vs. 49.6 in March, snapping a three-month period of contraction. A reading above 50 indicates growth in the service sector. The service sector represents about 80 percent of U.S. economic activity, including businesses such as banks, airlines, hotels and restaurants. Nevertheless, this news was overshadowed by a Federal Reserve survey showing that the banking sector remained in the grips of a credit crunch. A quarterly Fed survey showed that 70% of U.S. banks in | | By: All About Investiment | | |
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| Dollar fell as oil prices hit record high and worries for more corporate fallout from credit crunch | | 2008-05-06 12:04:27 | | Dollar fell as oil prices hit record high and worries for more corporate fallout from credit crunchThe Dollar fell on Monday for the first time in three sessions as oil prices hit a record high, sparking debate about the strength of the US economy. Federal Reserve survey showing the banking sector remained in the grips of a credit crunch. After trimming interest rates to 2% last week, the Federal Reserve hinted it may move to the sidelines and pause its aggressive seven-month easing campaign that has reduced the Dollar's appeal to global investors. The Fed next meets on June 24-25 and federal funds futures contracts were on Monday pricing in just a 12% chance of another 25bp rate cut to 1.75%. ECB President Jean-Claude Trichet warned again on Monday of "significant" inflation risks, suggesting benchmark rates would likely stay fixed at 4% when the central bank meets on Thursday.News and Events:The Dollar fell on Monday for the first time in three sessions as oil prices hit a record hig | | By: All About Investiment | | |
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| THE soaring Australian dollar is costing major wine exporters millions of dollars | | 2008-05-06 04:25:00 | | While exports reached a record $3.02 billion last year, experts say a combination of drought, the high dollar and foreign competition means the industry now faces significant challenges. Bottled wine exports are still growing but at a declining rate and experts believe the growth may stop within two months. The rising dollar is particularly hitting the price-sensitive cheaper end of the market, as the buoyant Aussie dollar makes exports more expensive.
| | By: Australian Wine News | | |
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| Bisnis PTC & Meraup Dollar via Bux.To | | 2008-05-05 11:23:21 | | Bisnis PTC memang cukup menggiurkan, Bux.To adalah salah satu program PTC (Paid To Click) yang sudah berjalan dari tahun 2007 dan kini beranggotakan puluhan ribu member dari seluruh dunia. Sama seperti Clixsense, Adbux dll, model bisnis program adalah kita sebagai user akan mendapatkan insentif setiap kali mengklik iklan yang ada (dengan masa tayang antara [...] | | By: Perjalanan hidup Seorang Insan | | |
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| Why the Dollar Move inversely to Oil prices ? | | 2008-05-04 09:15:22 | | The correlation between oil prices and EUR/$ has spiked to an all-time high over the last six months.Hence, lower oil prices have been associated with Dollar appreciation.Historically,the link between oil prices and the Dollar has been weak ,with average correlation between WTI and EUR/$ less than 10% over the last ten years. But the recent link is statistically quite strong. For example, oil prices are highly significant in a simple regression model for EUR/$, which also includes chances in (nominal)interest rates. For this reason, it is worth thinking about the relationship again, especially given that there are some fundamental reasons why there should be a link.Why the Dollar may be Inversely Related to Oil PricesThere are three main reasons1. differences in tax structures in US and Europe tends to make US growth more sensitive to oil prices. In the US, the tax wedge between retail level energy prices and prices in the global energy market is minimal. In Europe, taxes account for m | | By: Finance fantasy | | |
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| 10 DESTINATIONS WHERE YOUR DOLLAR GOES FAR! | | 2008-05-04 01:47:00 | | Lisbon, Portugal
What $20 Will Buy: A Lisboa card provides use of nearly all public transportation and discounts on some tours and admission to museums and monuments.
Why It's Hot: It's affordable, charming, sophisticated and near the beach.
When To Find Deals: September and October, when...
* Please click the title or the blog site to read the rest of the entry and see photos ...
| | By: The Asian Traveler | | |
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| Million-Dollar Look Ladies Formal Wear | | 2008-05-03 20:13:14 | | Looking for the perfect formal dresses but on a budget? Yeah, that's a common problem these days! With the economy getting worse and all, it is hard to lay down some dough on things you might just be using once in a lifetime or maybe twice. Here's a good solution for those on a budget, check out elegantmart.com!Even by just looking at the picture above, you definitely know they do offer high quality, delightfully gorgeous evening dresses perfect for proms, wedding or just about every formal occasion you can think of.Explore their wide array of formal and evening dresses and accessories! Find Formal gowns as low as under $100 or as elegant looking as a $400 evening wear. From wedding to proms to even just a plain formal evening party, women can definitely find what they are looking for at elegantmart.com. Even matching dress shoes! If you're having trouble find a dress that fits you style and budget at the same time, elegant.com is a must see for you!
| | By: Beijing 2008 Olympics Blog | | |
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| Weak Dollar Means Changes For Those Taking Trips | | 2008-05-03 03:00:00 | | In India, the exchange rate is 28 cents for each rupee. That's why travel to China is expected to go up almost 13 and a half percent.Trips to India could jump 13 percent, but ultimately travelers fear the dollar's poor performance internationally will force people to think twice."I think in the long run, once they reevaluate it, they're still gonna want to travel cause the benefits outweigh the costs," said Rogers.Even with the higher exchange rates, travel to Europe will go up this summer where Americans are expected to pay just under six percent more for anything they purchase.
| | By: India travel news | | |
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| Dollar climbs on the back of better than expected ISM Manufacturing and surging equity markets. | | 2008-05-02 17:19:06 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) strengthened against most of the majors on Thursday as the U.S saw positive data released combined with a surging equity market and more interest rate conviction which prompted confidence in the dollar. The ISM Manufacturing Index for April came in above expectations of 48, matching March’s index of 48.6. The PCE Index for March came in above the previous level of 0.1%, seeing a result of 0.3%. Core PCE bettered suggestions of 0.1%, with a result of 0.2%. Jobless claims did come in worse than the expected 360k with a result of 380k. U.S personal income rose 0.3% in March with spending up 0.4%, ahead of expectations. In share market news, U.S equities soared as more certainty in interest rates and positive corporate news gave investors confidence. The Dow Jones finished 189 points higher (1.5%), whilst the NASDAQ surged 67 points (2.8%). Oil prices fell in response to a stronger dollar, weakening U.S demand and the ending of a strike b | | By: All About Investiment | | |
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| Iran Drops US Dollar for Oil Transactions | | 2008-04-30 21:07:00 | | In response to accusations it was interfering in Iraq and developing a nuclear program, Iran has decided to stop pricing its oil transactions in dollars. Instead, Iran, the world's second largest oil producer, will stick to euros and the yen.In the last year, Iran has reduced its foreign reserves in dollars at the same time the US has made it more difficult for Iran to conduct transactions in dollars. Iran's president Ahmadinejad called it "a worthless piece of paper" last year.Iran has been unable to convince oil-producing US allies like Saudi Arabia to dump the dollar. Iran has been pressuring other OPEC members to follow its recent action. Source: edition.cnn.com | | By: Stroke News - We can change your life | | |
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| The Dollar increases on rate speculation | | 2008-04-30 08:22:20 | | The US currency also poised for its monthly record high against the Yen since April 2004, based on the expectation that the Federal Reserve will low borrowing costs from 2.25% to 2% and then keep rates on holdThe Dollar was little changed yesterday and is expected to register its first monthly advance against the Euro on speculation that any cut in interest rates by the Fed today will be followed by a policy statement indicating the central bank will pause its aggressive measures. The US currency also poised for its monthly record high against the Yen since April 2004, based on the expectation that the Federal Reserve will low borrowing costs from 2.25% to 2% and then keep rates on hold. The Dollar traded at 1.5596 against the Euro and at 103.80 against the Yen at 8:00am GMT. The major risk for the Dollar is that the Fed statement is not as hawkish as investors predicted. “They’ve got to leave the door open to more cuts. So there’s a risk of the Dollar selling off. But there’s | | By: All About Investiment | | |
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| The dollar rose to a one-month high versus the euro | | 2008-04-30 08:18:30 | | The dollar rose to a one-month high versus the euro on Tuesday, supported by growing views that the Federal Reserve will signal a pause in its interest rate cutting cycle following today's FOMC meeting. Analysts expect the Fed to cut official rates by a relatively modest 25 bp to 2%, after having already slashed 2.75% since mid-September. Also supporting the dollar was the publication of weaker-than-expected European fundamentals, in the form of soft French Consumer confidence, soggy Spanish Retail Sales, and lower than forecast German inflation figures. This being said, market volatility is on the rise ahead of a good number of additional European readings due this morning, and key US data in the afternoon. German Unemployment numbers are slated for 08:00 AM GMT, followed by EZ Unemployment and Industrial Sentiment at 09:00. The US ADP Employment report is due for release at 12:15 PM GMT, followed by Canadian GDP and PPI, and US PCE and GDP (12:30 PM GMT). The Federal rate decision wi | | By: All About Investiment | | |
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| Dollar rose ahead of FOMC and expectation for a “pause” in US interest rate cutting | | 2008-04-30 08:00:24 | | The Dollar rose to an almost one-month high versus the Euro on Tuesday, buoyed by growing views the Federal Reserve is ready to signal a pause in its interest rate cutting-campaign and by weak European economic data. Analysts expect the FOMC to cut the benchmark lending rate by 25bp to 2% and indicate a pause for now, after an aggressive exercise that has cut rates by 300bp since mid-September. While markets are expecting a slightly hawkish tone in the FOMC's statement accompanying the rate decision, poor economic data from the euro zone raised doubts on the ECB's ability too maintain its tough stance on inflation and interest rates. The Sterling was hurt by a warning from policy-maker David Blanchflower that Britain faced a real risk of recession unless the Bank of England took "aggressive" action.News and Events:The Dollar rose to an almost one-month high versus the Euro on Tuesday, buoyed by growing views the Federal Reserve is ready to signal a pause in its interest rate cutting-ca | | By: All About Investiment | | |
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| The Demise of the Dollar by Addison Wiggin (Author) | | 2008-04-30 01:04:11 | |
The Demise of the Dollar...And Why It's Even Better for Your Investments (Agora Series)by Addison Wiggin (Author)Buy new: $19.95 $11.9725 used & new from $11.14
Product DetailsPublished on: 2008-04-04Number of items: 1Binding: Paperback197 pages
Book Description : As the dollar continues to weaken throughout the world, it has become clear that the impact is going to be significant as well as far reaching. This book explores the number of reasons for the dollar's current state, including the prior structural flaws of the dollar, the growing trade deficit, the Euro and other international factors. It also discusses the results of the dollar's fall and how it will impact economies worldwide. Continuing where The Demise of the Dollar left off, it explores the dollar's increasingly sharp decline over the past few years and provides readers with updated suggestions for protecting their portfolios... | | By: Store Books Cheap | | |
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| Dollar Saving Tuesday | | 2008-04-29 14:27:19 | | New to my blog is Dollar Saving Tuesday. Everyone loves a good sale! As I find out about the sales on sites I love to shop, I will list them on Tuesday. If there are no sales there will be no Dollar Saving Tuesday for that week.
Now on with the savings!
Misikko is having a Mother's Day sale that is sure to make any mom (not to mention your wallet). I am not talking a few dollars here either. Some prices are almost cut in half! If you are not sure what your mom would like you can always...
| | By: Pampered & Primped Up | | |
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| OPEC: Falling dollar to push oil to $200 | | 2008-04-28 19:13:25 | | OPEC's President Chakib Khelil has warned the falling value of the US dollar will drive up international oil prices to $200 a barrel.
"Questioned about a possible rise which would go to $200, the minister (Chakib Khelil) did not rule out this eventuality, explaining that this rise is indexed from...
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| | By: energy BLOG | | |
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| Three Column Sand Dollar Template for Bloggers. | | 2008-04-26 06:27:31 | | A reader wanted to modify the Sand Dollar Template to show three columns. This is a Fluid width template which resizes the blog according to the monitor resolution of the viewer's machine. It has two columns. The sidebar is at the left and occupies 31% of the screen width. The Main or Posts column is to the right and is sized at 66%.
View After Modification. Click on Picture to enlarge it. | | By: Dummies Guide to Google Blogger (Beta). | | |
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| The dollar will fall to 1.60 again in near term | | 2008-04-25 10:44:07 | | EUR/USD (1.5683)European & US sessions forecast levels: 1.5605/1.5770Trend Sessions: European: NeutralUS: NeutralMarket Focus: 10:00 AM Michigan Sentiment-Rev, 2:00 AM German Import Price Index, M3 Money Supply.Daily Strategy: The dollar continues to gain against the euro. The dollar was supported by the worse than expect Germany Ifo Business expectations and some comments of key economists from Europe. But the data for the US economy remain too worse. The New Home Sales for March is again with new poor result. Having a mind that the situation in the US economy remain worse and the bottom is not reached we can say that the dollar recovery is temporary. In near term we expect to see levels of 1.60 again. The potential of the dollar recovery is still few days when the tendency from this week will end. | | By: All About Investiment | | |
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| US Dollar surges on back of positive data and growing speculation of Fed holding rates. | | 2008-04-25 10:39:44 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) surged against the Euro on Thursday, the most it has risen against the Euro since December, as traders add to bets the Fed will cease their rate cutting stance to stimulate economic growth and ease the liquidity problems as affects from their previous rate cuts are now starting to be seen. Orders for U.S Durable Goods excluding transportation equipment increased more than forecast in March, indicating parts of the economy are weathering the housing slump. Jobless Claims came in ahead of the forecasted 375k, with 342k reported this week an improvement on last week’s 375k. New Homes for March came in at 526k, slightly down on the predicted 580k and down on the 575k for the month of February, indicating the housing sector in the U.S is still struggling with the credit squeeze. Chicago Board of Trade (CBOT) now shows a 22% chance the Fed will hold the target lending rate at 2.25%, compared with no chance last week. In share market news, t | | By: All About Investiment | | |
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| Dollar rose after better US employment report and large fall in German Ifo Index | | 2008-04-25 10:39:07 | | The Dollar rose across the board on Thursday after US government data showed resilience in the labor market, while a key measure of business sentiment in Germany plunged undermining the Euro. The Euro's fall followed an early week rally to a record 1.6019 on Tuesday, the highest level since the Euro’s inception in 1999, as investors bet the ECB would raise interest rates to restrain inflation. The headline Ifo index fell to a much lower-than-expected 102.4 in April, its lowest since January 2006. The Ifo, coupled with a slump in the euro zone manufacturing PMI to levels nearly implying an economic-contraction on Wednesday, suggested that the euro zone may not be immune to a US economic slowdown. ECB President Jean-Claude Trichet said on Thursday that there is concern about the impact of currency fluctuations on financial stability. The Dollar's gains come as investors look closely at whether the Federal Reserve might be ready to pause in its aggressive run of interest rate cuts after | | By: All About Investiment | | |
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| Forex Trading News: US Dollar Rally | | 2008-04-25 06:58:48 | | Currency trading with the greenbackThe big forex trading news this morning is that the US dollar continues to rally. Currency trading with the greenback should consider that many are seeing the end of the credit crisis, and that US economic data are showing that the economy is not in such bad shape after all.
See Also
Currency [...] | | By: Forex Bull | | |
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| US Dollar Forex Trading Strategy | | 2008-04-24 07:53:50 | | Greenback and currency tradingUS dollar forex trading strategy should take into account the fact that some thing the worst of the credit market crisis is over. The greenback is up in currency trading on the FX market, and it might make further gains.
Worries over the banking sector are plaguing Europe, as are economic data coming [...] | | By: Forex Bull | | |
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| The Dollar continue its negative trend | | 2008-04-23 10:15:28 | | Today the US currency is trading steady against the Euro at 1.5975, after reached a high of 1.6002The Dollar reached a new record low on Tuesday, trading at 1.6020 against the Euro. Today the US currency is trading steady against the Euro at 1.5975, after reached a high of 1.6002. The European Central Bank is expected to keep interest rates on 4 percent, while the American Federal Reserve is forecasted to lower the interest rate from the current 2.25 percent later this month. Hiking oil prices also contribute to the Dollar slump, since they have a negative impact on the American economy. “As long as the trend of rising oil prices stays, the Euro looks set to go further up, given that the surge in oil could further hurt the US economy and therefore the Dollar”, said Hideaki Inoue, chief manager of forex trading at Mitsubishi UFJ Trust Bank.The Australian Dollar climbed to a 24-year peak versus the US currency, due to the inflation rate acceleration to more than 4 percent. The specul | | By: All About Investiment | | |
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| Australian Dollar Continues to Gain in Forex Trading | | 2008-04-23 07:00:13 | | Inflation supports Aussie in currency tradingThe Aussie has reached new highs in currency trading on the FX market. The Australian dollar continues to gain as inflation remains a problem. In order to slow inflation and the rapid progress of the economy, the Reserve Bank of Australia is expected to raise interest rates.
The Aussie touched [...] | | By: Forex Bull | | |
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| US dollar/Euro exchange rate | | 2008-04-22 14:44:34 | |
Il grafico sovrastante, ottenuto dal sito del Sole 24 Ore, mostra chiaramente l'evoluzione del tasso di cambio Dollaro/Euro dal 1999 ad oggi. Dal grafico si evince chiaramente che dai minimi toccati nel periodo 2000-2001, siamo ora giunti a valori del tasso di cambio pressoché doppi. Basta pensare a come il medesimo tasso di cambio oscillasse poco sopra al valore 0,80 fino a qualche anno fa per poi iniziare, nel 2002, una lunga e quasi costante ascesa che l'ha portato fino a valori prossimi, se non addirittura superiori, a quota 1,60. Vi assicuro che questo salto, benché ammortizzato su diversi anni, è un balzo incredibile che incide fortemente sugli equilibri economici mondiali, nonché sui macro-equilibri nazionali, rispettivamente per l'area Euro e per l'area Dollaro.
I motivi che spingono a questo aumento esponenziale del tasso di cambio tra Dollaro statunitense ed Euro possono essere i più disparati. In estrema sintesi, però, è | | By: Le Ragioni dell'Amore | | |
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| The dollar makes temporary recovery against the euro | | 2008-04-22 08:05:52 | | EUR/USD (1.5869)European & US sessions forecast levels: 1.5815/1.5985Trend Sessions: European: Neutral/UpwardUS: Neutral/UpwardMarket Focus: 10:00 AM Existing Home Sales.Daily Strategy: The dollar continues to trade close to the record level against the euro. Ay negative news for the US economy will push the euro to set new record against the dollar as break above the psychological levels of 1.60. The trading strategy is opening long positions, as buy on dips. The problems for USA banks will deeper for couple of months the most important news will be how deep is the recession and how much are the losses of the biggest USA banks. If the dollar falls above 1.60 against the euro we can see levels of 1.62-1.63 within a week time. | | By: All About Investiment | | |
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| U.S dollar boosted by improved financial profit results | | 2008-04-22 07:55:21 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) strengthened on Friday as market sentiments drastically improved following Q1 results from Citigroup coming in better than expected, with a loss of US$5.1 billion, much lower than the US$10 billion loss during Q4. Based on this result, the market reacted as if it was an indication the worst of the credit turmoil may be over. Despite this positive sign, it is still widely predicted the Fed will cut rates by 25bps when it meets later this month. Contrary to this popular opinion, Philadelphia Fed President Plosser hinted that he felt the Fed had cut rates enough to promote economic growth. This saw the Swiss franc and yen being the most heavily sold off owing to a return to risk appetite amongst investors. The Euro was also much weaker against the greenback following more positive corporate profit results along with commentary coming out of the Euro Zone through the week indicating a strong Euro was not desirable. In share market news, the | | By: All About Investiment | | |
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| Bank of England announces plan to increase liquidity. US dollar weakens as sentiment dampens. | | 2008-04-22 07:54:02 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) was softer against the other majors other than sterling despite no significant data being released, leaving the market to find its own direction based on sentiment. US Fed officials Kroszner and Evans both spoke on Monday, avoiding the topic of monetary policy in their comments. Kroszner touched on transparency in lending standards and standardization aiding the sub-prime mortgage market, but suggested the financial markets remained “bogged down by unease.” Troubled news continues to flow from the financial sector as the second largest U.S bank, Bank of America Corp., reported a 77% drop in Q1 profit brought about by US$6bn of credit write-downs. Speculation has mounted that Citigroup may cut its dividend again following on from billion dollar write-downs. Chicago Board of Trade (CBOT) has cut its predictions of a 50bps rate cut when the Fed meets at the end of the month, however believes there is a 92% chance of a 25bps rate cut. I | | By: All About Investiment | | |
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| Traders await US housing data today; Dollar gains some ground | | 2008-04-22 07:53:06 | | US Existing Home Sales and the House Price Index will be released today; the market hoping to see some stability in those numbers. The Bank of England announced a robust mortgage rescue plan. The Bank of Canada is widely expected to cut rates.News and Events:The EURUSD traded in a tight range overnight before breaking down to 1.5834 in this morning’s session. Investors are highly focused on thirty-nine S&P500 companies that release their reports today. With crude oil at $117/barrel and Gold spot at $916/oz, the greenback is struggling to gain support. Reports out from Japan indicate that investors continue selling the dollar and buying Japanese Yen. US Existing Home Sales and the House Price Index will be released today; the market hoping to see some stability in those numbers.The Bank of England announced a robust mortgage rescue plan under which the central bank will swap commercial banks’ securities for UK treasury bills in the hopes of easing lending fears in the money mark | | By: All About Investiment | | |
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| US Dollar Forex Trading Forecast | | 2008-04-19 18:42:41 | | Greenback in currency tradingThe US dollar forex trading forecast is calling for a measure of increased weakness, despite a show of strength earlier. Reuters reports on some of the issues surrounding the greenback in currency trading:
"The huge capital account deficit (in the U.S.) is also making the dollar vulnerable and the liquidity crunch is [...] | | By: Forex Bull | | |
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| Canadian Dollar in Forex Trading | | 2008-04-19 18:42:41 | | A look at parity between the US dollar and the Canadian dollarEven as the US dollar recovers against other major currencies on the FX market, the Canadian dollar is poised to remain strong. Near parity is expected to continue for the US dollar and the Canadian dollar in forex trading.
See Also
Canadian Dollar in Forex TradingTrade [...] | | By: Forex Bull | | |
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| My New Dollar! | | 2008-04-18 17:09:03 | | Disebabkan dollar aku sblm ni nmpk hodoh (tidak diterima oleh Bank Negara), aku design dollar baru. Hehe. Sesaper nk aku design dollar untuk dia, leave your comment! Atau bagi sesaper yg tk faham Malay:If you want me to make dollar (design) for you, please leave a comment. Thank you.
| | By: Aduh! | | |
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| I Have Made My Own Dollar! | | 2008-04-18 16:36:39 | | Hehe. Walaupun dollar aku ni tk perfect, mklum la, hitam putih je. Tapi aku dh cukup berbangga, sbb aku dh ada dollar sendiri! Chow!
| | By: Aduh! | | |
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| U.S dollar regains some strength, not before reaching record lows. Sterling surges on back of BoE liquidity plan. | | 2008-04-18 08:49:05 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) was again volatile on Thursday as it reached a new record low against the Euro before pairing back following Luxembourg Finance Minister Juncker’s comments suggesting financial markets have misunderstood the G7’s position on currency volatility, hinting that the major concern is perhaps not in U.S weakness, rather in Euro strength. He went to say the Euro’s recent advance against the dollar is not “desirable.” This triggered a knee-jerk reaction to buy back the dollar. U.S initial jobless claims rose by 17k to 372k, however this was slightly less than forecast. The four-week average of new jobless claims remained largely unchanged at 376k. The Federal Reserve Bank of Philadelphia’s general economic index fell to -24.9 for the month of April after it was forecast to come in at -15, weakening demand and increased input prices were the blame for the poor result. In share market news, the NASDAQ fell 8 points (-0.4%), whilst the | | By: All About Investiment | | |
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| Why Is The Canadian Dollar Not Strengthening | | 2008-04-18 03:42:00 | | I devote a lot of attention to inter-market analysis in the Forex Point and Figure System (FxPnF). In fact, I dedicate an entire chapter in the book to the discipline of inter-market analysis.Inter-market analysis is essentially looking at one market in an attempt to gain an edge in another market. The forex market is the most applicable market in which to conduct inter-market analysis because of the nature of pairs trading and the nature of fiat currencies.A classic example of inter-market analysis is to buy the currencies of countries who export crude oil when oil prices rise. According to the Central Intelligence Agency (CIA), the top exporters of crude oil are: Saudi Arabia,European Union, Russia, Norway, United Arab Emirates, Iran, Canada, Mexico.The Saudi riyal is a fixed exchanged rate, pegged to the U.S. dollar at 3.75 riyals. The European Union imports much more oil than it exports, so the euro isn't a good currency to trade based on oil prices. The Russian ruble isn't liquid. | | By: Learn Forex | | |
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| Dollar surges on the back of strong data and renewed positive outlook | | 2008-04-17 12:25:21 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) surged on Tuesday following surprisingly strong economic data being released from the World’s biggest economy. New York Fed Manufacturing came in at 0.6 for the month of April, improving on March’s figure of -22.23 and vastly outstripping expectations of -17.5. Producer Price Index for the month of March also increased to 1.1%, improving on February’s figure of 0.3% and beating expectations of 0.6%. Furthermore, Capital Net Flows for the month of February surpassed expectations of $56.5 billion, coming in at $72.5 billion, up form $62 billion for the month of January. These results spelt good news for the dollar as it rose against all the major currencies overnight, trimming expectations of substantial monetary easing. Added to these data results, corporate profit readings for the first quarter of 2008 were also better than expected, with Intel posting stronger than predicted results. Added to this Delta’s takeover bid of Northw | | By: All About Investiment | | |
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| Intel reshaping Viet Nam with billion-dollar chip-assembly plant | | 2008-04-17 05:50:00 | | Intel's billion-dollar Viet Nam bet along the Hanoi Highway - its biggest semiconductor manufacturing plant ever - is rising up from the flatlands of former rice fields.
The Santa Clara chip giant jolted the tech world two years ago when it announced it would build a massive assembly factory in this Southeast Asian country known more for making shoes and growing crops than assembling key PC | | By: Vietnam Business Finance News | | |
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| Property market seen growing on a strong Sing dollar | | 2008-04-16 23:31:26 | | Property market seen growing on a strong Sing dollar
Fast income growth, falling interest rates will keep the sector buoyant, says report
HERE’S some good news for those feeling down after recent bearish reports on the local property market.
Canadian-based BCA Research this week issued a Buy Singapore Property Stocks report, arguing that a strong Singapore dollar will [...] | | By: singapore property real estate news blog | | |
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| "The simple dollar"- for the people who need both cents and sense | | 2008-04-16 08:14:13 | | During my web search for quality blogs, sites and resources for this blog, I noticed good blogs which not only provide personal experience based advice, but tips and guides, can definatlely help us make our life debt free. These blogs offer many helpful links and resources in this connection.The Simple Dollar is a personal finance blog. Trent Hamm is the creator behind this blog and this blog is a result of his personal experiences to overcome debts.The blog helps us to learn simple ways to manage our finances and save money.Here is the story behind creation of this blog:(In Hamm's own words)"My name is Trent Hamm, and in April 2006, I went through a complete financial meltdown. I threw myself head first into trying to figure out every nuance of fixing my financial situation, and after a few months I began to get the picture. Within eight months, I had paid off all of my credit card debt, paid off my vehicle, and also established an emergency fund. Since I have a passion for writing a | | By: How to be debt free? | | |
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| US banking sector and worries about US economy put Dollar under pressure | | 2008-04-15 08:51:51 | | A surprise first-quarter loss at Wachovia Corp, the fourth-largest US bank, suggested more credit market turmoil ahead, prompting traders to sell Dollars, mostly against the Euro and Sterling. That helped wipe out Dollar gains seen after finance officials from the G7 developed countries on Friday expressed concern about sharp currency fluctuations. In addition to Wachovia, Merrill Lynch & Co Inc and Citigroup Inc are due to report first-quarter results later in the week, and analysts say both banks may announce billions of dollars in write-downs. The Fed has cut the benchmark interest rate by 300 basis points at 2.25% since credit turmoil began in late August and is likely to reduce it again when it meets later this month. The European Central Bank, meanwhile, has held rates at 4% for more than a year, and ECB Governing Council member Yves Mersch said Monday there is no room for rate cuts this year.News and Events:The Dollar was little changed on Monday as more banking sector stres | | By: All About Investiment | | |
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| G7 concern sees Euro profoundly weak against U.S. dollar. | | 2008-04-14 07:35:58 | | The dollar jumped against the euro on Monday after the Group of Seven nations surprised investors by expressing concern about sharp swings in major currencies, although traders were skeptical about the chances of any imminent intervention.FundamentalThe dollar jumped against the euro on Monday after the Group of Seven nations surprised investors by expressing concern about sharp swings in major currencies, although traders were skeptical about the chances of any imminent intervention. In a nod to European leaders who have voiced dismay over volatile currency markets that pushed the euro to record highs against the dollar last week, the G7 on Friday issued its strongest expression of concern in more than seven years. In their post-meeting statement, the G7 nations abandoned their long-standing language on currencies and suggested they were worried that sharp currency moves could undermine economic and financial stability.TechnicalThe EUR/USD was trading heavily between 1.5600/50 before | | By: All About Investiment | | |
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| Dollar rebounds on G7 concerns | | 2008-04-14 07:19:18 | | The Euro closed above the 1.5800 mark on Friday but couldn't hold its gains over the weekend due to the G7's weekend reaction and statementsThe Euro appreciated last week above 1.58 against the Dollar, but dropped over the weekend, as a consequence of the G7’s summit reaction. The Euro closed above the 1.5800 mark on Friday but couldn't hold its gains over the weekend due to the G7's weekend reaction and statements and opened quite lower, testing support levels in the 1.56 area. The dollar's appreciation over the weekend indicates that there is risk of concerted intervention by the G7. The dollar rose to a one-week high against the euro, after the Group of Seven expressed concern over sharp fluctuations following a 14 percent slump in the greenback over the past year. The G-7 changed its statement on currencies for the first time in four years after the meeting in Washington on April 11, pledging to ``monitor exchange markets closely, and cooperate as appropriate.'' The yen rose vers | | By: All About Investiment | | |
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| Crude Oil Falls as Dollar Gains, Slowing Growth May Curb Demand | | 2008-04-13 22:56:00 | | Crude oil dropped below $110 a barrel in New York on the dollar's gains and speculation that slowing economic growth in the U.S. will trim demand. Oil markets are well supplied as non-OPEC output rises while consumption may fall should the global economy slow, OPEC analyst Mohammed Alipour-Jeddi said April 12 to the International Monetary Fund, as reported by Dow Jones. The dollar rose the most in two weeks against the euro after the Group of Seven signaled increasing concern over the currency's declines.Crude oil for May delivery fell as much as 53 cents, or 0.5 percent, to $109.61 a barrel and was at $109.62 a barrel in electronic trading on the New York Mercantile Exchange at 11:09 a.m. in Singapore.Commodity prices have surged as the dollar dropped and investors purchased energy and minerals as a hedge against inflation. The dollar rose to $1.5710 per euro at 10:34 a.m. in Singapore, from $1.5810 on April 11. It earlier reached $1.56 a euro, the strongest le | | By: Indian stock markets | | |
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| Dollar slips vs. yen, euro as stocks wither | | 2008-04-11 18:12:52 | | SAN FRANCISCO (MarketWatch) — The dollar extended losses against the yen Friday as stocks remained solidly in negative territory, and also lost ground against the euro. The Michigan sentiment index also undermined the dollar, indicating that confidence continued to deteriorate in April, with the index falling to 63.2 from 69.5 in March. The dollar index, [...] | | By: Forex Bull | | |
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| US Trade deficit widens despite a weaker dollar | | 2008-04-11 10:09:00 | | The U.S. trade deficit unexpectedly grew in February, as surging imports overwhelmed a rush of record high exports. A widening trade gap is the opposite of what most analysts anticipated, as a weak dollar and slackening demand were supposed to have made trade the one bright spot in what is now almost certainly a recession. The trade gap jumped 5.7% to $62.3 billion in February, up from a revised $59 billion the month prior, as cars, industrial machinery, and pharmaceuticals carried imports to a record high $213.7 billion.Exports climbed 2.0% to $151.36 billion from $148.38 billion, but the increase still wasn’t enough to outpace imports, leaving analysts to wonder whether or not exports would be the saving grace of a U.S. economy that seems to have run head first into a recession. Many economists, including those at the U.S. Federal Reserve, have said that foreign demand for U.S. goods would continue to prop up the ailing economy. The theory was supported by a weak dollar, and a dr | | By: Indian stock markets | | |
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| The 2 dollar bill | | 2008-04-10 15:35:29 | | The $2 Bill. Everyone should start carrying them!
I am STILL laughing!! I think we need to quit saving our $2 bills and bring them out in public. The younger generation doesn’t know they exist.
On my way home from work, I stopped at Taco Bell for a quick bite to eat. In my billfold are [...] | | By: Encyclopedia of Humor | | |
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| US Dollar falls tracking weaker equities. BoE and ECB rate announcements today | | 2008-04-10 06:12:27 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) fell on Wednesday tracking weaker equity markets as traders add to bets the Federal Reserve may cut rates by at least 25bps when it meets later this month. The major currencies gained on the back of this along with commodities. The International Monetary Fund (IMF) has trimmed its forecasts for global economic growth in 2008 from 4.1% to 3.7% citing fears of a spill-over effect from the U.S as the reason. UBS, the World’s second largest currency trader, released commentary on Wednesday which read for a better outlook for the U.S encouraging investors to buy the dollar against the Euro as the U.S economy will recover from a “mild recession” in the second half of 2008, whilst hinting that Europe has probably peaked. Despite these comments, the Euro gained to come within a cent of a record high against the dollar. U.S share markets fell again on Wednesday after oil prices hit record highs, the Dow Jones ended 49 points lower (-0.4%), | | By: All About Investiment | | |
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| Dong/US dollar forex rate dips | | 2008-04-09 21:59:18 | | From March 27 to April 7, the selling price of US dollar at commercial banks kept stable at 16,120 dong a US dollar marking a sharp surge since the year early, especially after the sudden change in forex rate between the end of February and the start of March.
As a result, the above situation was thanks to the...
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| | By: Vietnam Stock Market News | | |
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| Gold Price Rise as Dollar Weakens | | 2008-04-07 10:23:00 | | According to Thomson Financial, Gold prices climbed higher in London trade as the dollar continually weakens. News about the ongoing unemployment rate in the US has severely affected the dollar and continued its downward trend. Gold was trading at $914.74 per ounce.
According to reports, high oil prices has supported the increase of gold prices as investors buy them in order to hedge against | | By: Pinoy Reviews | | |
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| Non-Farm Payrolls Pushes Dollar Down, Increasing Likelihood of Rate Cut | | 2008-04-07 09:38:55 | | CURRENCY TRADING SUMMARYU.S. Dollar Trading (USD) was weaker on Friday as a result of a worse than expected Non-Farm Payrolls data release indicating employment fell by 80,000 in March, some 30,000 less than what was forecast. February’s figures were also revised to show a loss of 76,000 jobs rather than the 63,000 it originally reported, further indicating the world’s largest economy may be slipping into recession. Further to this news, the unemployment rate rose 0.3% to 5.1% its highest level in almost 3 years fuelling thoughts the Fed may cut rates yet again as early as the end of this month. The US share market had a mixed reaction to the weak economic data with the NASDAQ rising 7.68 points (0.3%) and the Dow Jones falling -16.61 points (-0.1%). Oil prices gained US$2.40 a barrel to US$106.23. Looking ahead, consumer credit data is to be released with forecasts expected to be 5.5, a drop from February’s figure of 6.9.The Euro (EURO) remained strong against the major currenci | | By: All About Investiment | | |
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| Speculation that Fed will limit interest rate cuts leads Dollar to rise | | 2008-04-07 09:37:27 | | After really bad news came from the US on Friday, concerning an increase in unemployment, Dollar registered a slightly decrease on weekendAfter really bad news came from the US on Friday, concerning an increase in unemployment, Dollar registered a slightly decrease on weekend. However, due to a high inflation, the speculation that Fed will limit interest rate cuts, Dollar rose today. In fact, Dollar registered the higher growth in almost a week against the Euro and the Yen. The currency traded at 1.5663 against the Euro and at 102.56 against the Yen at 8:00am. “The minutes could be supportive of the dollar, given the Fed signaled uncertainty over the inflation outlook, suggesting that the Fed is reluctant to cut rates further” wrote Ashley Davies, a currency strategist in Singapore at UBS AG.As the American crisis is spreading to other economies and Fed is concerned about the excessive inflation registered in the country, over 7%, Dollar strengths. The recent cuts on the US interes | | By: All About Investiment | | |
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| The Dollar received some disappointing data | | 2008-04-07 09:36:14 | | The Dollar received some disappointing data on Friday as Employment data continued to show that the U.S economy has still not crept out of its dire situation. Non-farm Payrolls contracted by an additional 80,000, while unemployment jumped up to 5.1%, showing that companies were still forced to fire employees during the month of March. To date, the markets are pricing in an additional 0.5% rate cut, which investors are hoping will help to jump start the economy. In addition, the Canadian economy also showed some discouraging figures as they reported that their Unemployment level had jumped up to 6%, while their Non-farm Payrolls showed that 14.6k new jobs were added to the market. The glooming atmosphere continues to characterize all major markets as Germany’s manufacturing ministry stated that their manufacturing orders had contracted by 0.5%, due to weaker foreign demand. Despite the bad news the major U.S indices managed to close the week up with gains while commodities also closed | | By: All About Investiment | | |
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| Dollar dropped lower after weaker than expected US jobs data | | 2008-04-07 09:34:23 | | Euro and Yen posted gains against the Dollar after the government said US employers cut 80k jobs in March, more than expected and the biggest monthly fall in five years. However, traders said the data did not come as a big surprise to a market that has long expected the Federal Reserve to cut interest rates again late this month. Analysts said some traders were looking to trim bets in favor of the Euro ahead of a European Central Bank meeting on Thursday. The ECB is expected to hold interest rates at 4%, but a string of recent weak Euro zone data has traders waiting to see if President Jean-Claude Trichet softens his stance on inflation, which could signal a rate cut later this year. Steady euro zone rates at a time when the Fed has slashed US benchmark rates from 5.25% to 2.25% in recent months have boosted the Euro's appeal over the Dollar. The deteriorating employment situation in the United States also remains a concern, particularly a jobless rate that the government's data on Fri | | By: All About Investiment | | |
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| 25 mln, 50 mln-Zimbabwean-dollar notes unveiled | | 2008-04-06 15:18:00 | | The 10 million Zimbabwean dollar banknotes. Picture taken on April 4, 2008. The Reserve Bank of Zimbabwe (RBZ) introduced Friday two new bearer cheques with denominations of 25 million Zimbabwean dollars and 50 million Zimbabwean dollars.The specimen of new 50 million Zimbabwean dollar banknote is seen in the Herald newspaper, April 4, 2008.The specimen of new 50 million Zimbabwean dollar banknote is seen in the Herald newspaper, April 4, 2008.A man displays a 10 million Zimbabwean dollar banknote in Harare, capital of Zimbabwe, April 4, 2008. | | By: P i c t u r e s | | |
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| Oriental Bank reduces deposit rates in both dong and US dollar | | 2008-04-04 21:48:01 | | Oriental Commercial Joint Stock Bank (OCB) recently reduced the deposit interest rates in both dong and US dollar whereby the dong payment and demand deposit interest rates will get monthly interest rate of 0.4%, two, three and six months 0.875% and seven, eight, nine 13, 18 and 24 months 0.92%.
The interest rate in...
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| | By: Vietnam Stock Market News | | |
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| Dollar Rental Car Discounts for Spring | | 2008-04-03 10:37:43 | | Dollar is currently offering discount car rentals to help save you money on your car rentals this spring and beyond.
Take advantage of the Dollar car rental discounts to save money when you travel, earn airline miles for your car rentals, receive upgrades or access to GPS systems, and more.
Save money on your car rental this [...] | | By: MaximizingMoney.com | | |
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| The dollar can earn another 200 pips today | | 2008-04-02 07:44:15 | | EUR/USD (1.5590)European & US sessions forecast levels: 1.5485/1.5670Trend Sessions: European: Neutral/DownwardUS: NeutralMarket Focus: 8:15 AM ADP Employment, 10:00 AM Factory Orders, 4:00 AM EU PPI.Daily Strategy: The recovery of the dollar was based on combination between profit taken and the crisis in UBS bank. The subprime crisis from United States will come in Europe, as the first hit bank is UBS. At this time many traders fast to take their profits as sell euro against dollars. For today the recovery of the dollar will continue as this recovery can continue with another 200 pips gain against the euro. On the other side is expecting new worse US non-farm payrolls data at the end of the week that will stop the dollar recovery. The trading strategy is opening short positions during the European session.Forex-Strategy | | By: All About Investiment | | |
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| Inverse Correlation - Dollar And Hotel Rates | | 2008-04-01 15:49:00 | | Forbes has an article headlined "Dollar's Drain Is Hotel Industry's Gain". New York City hotels (and real estate), in particular, seem to have reaped the most benefits from the declining dollar as Europeans seem to have a relentless appetite for the sights and sounds of the Big Apple.This seeming inverse correlation (as the dollar gets "smaller" hotel rates seems to get "bigger" or at least help keep Revpar constant given some softness in occupancy) appears to be driven by both European and Asian markets.
| | By: Hotel real estate news | | |
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