Yahoo! Canada Finance: International Markets News

Dollar falls before US jobs data

Fri, 06 Nov 2009 12:40:00 GMT

AFP - LONDON (AFP) - The dollar fell against the euro and yen on Friday as market players grew cautious ahead of US jobs data and as ministers began gathering for a Group of 20 finance meeting, traders said.

Dollar slips against euro after ECB holds rates

Thu, 05 Nov 2009 18:45:00 GMT

AFP - LONDON (AFP) - The dollar slid against the euro on Thursday after the European Central Bank and the Bank of England held their key interest rates at record-low levels on the eve of a key G20 finance meeting.

Euro advances on dollar fade

Thu, 05 Nov 2009 18:45:00 GMT

AFP - LONDON (AFP) - The euro moved higher against the dollar Thursday after positive comments from the European Central Bank on eurozone prospects but later gave back gains as anxious investors awaited a key US employment report on Friday.

ECB, BoE hold interest rates at record lows

Thu, 05 Nov 2009 18:24:00 GMT

AFP - FRANKFURT (AFP) - The European Central Bank and Bank of England both kept interest rates at record lows Thursday, but the ECB was more upbeat on economic growth while the BoE planned to pump billions more pounds into Britain's recession-hit economy.

Bank of England to assess extra recession aid

Thu, 05 Nov 2009 14:05:00 GMT

AFP - LONDON (AFP) - The Bank of England will on Thursday decide whether to inject billions of extra pounds into the economy to help get it out of its longest recession on record.

Bank of England set to announce rate call

Thu, 05 Nov 2009 14:05:00 GMT

AFP - LONDON (AFP) - The Bank of England will unveil a decision on interest rates later Thursday amid speculation that it may also pump billions of extra pounds to help the country out of a deep recession.

Bank of England pumps extra £25 bln into economy

Thu, 05 Nov 2009 14:05:00 GMT

AFP - LONDON (AFP) - The Bank of England announced on Thursday that it will pump another 25 billion pounds into the recession-hit economy, after it held interest rates at a record low.

ECB keeps main rate steady at 1%

Thu, 05 Nov 2009 13:16:00 GMT

AFP - FRANKFURT (AFP) - The European Central Bank kept its main interest rate steady at a record low of 1.0 percent Thursday, a bank spokesman said, as indicators signalled the eurozone economy was still under pressure.

PENDING - ECB rates on hold as it enters 'post-crisis mode'

Thu, 05 Nov 2009 01:20:00 GMT

AFP - FRANKFURT (AFP) - The European Central Bank is poised to keep its key interest rate steady at a record low 1.0 percent on Thursday as policymakers shift into "post-crisis mode," analysts say.

Dollar slips against euro before Fed meeting

Wed, 04 Nov 2009 12:38:00 GMT

AFP - LONDON (AFP) - The dollar dipped Wednesday against the euro in cautious trade ahead of monetary policy decisions from the US Federal Reserve and other key central banks this week, dealers said.

Euro, pound slide against dollar

Tue, 03 Nov 2009 12:09:00 GMT

AFP - LONDON (AFP) - The euro and the pound fell sharply against the dollar on Tuesday as European stock markets tumbled and Britain unveiled a major shake-up of the banking industry, analysts said.

Australia raises rates for second month in a row

Tue, 03 Nov 2009 08:46:00 GMT

AFP - SYDNEY (AFP) - Australia's central bank hiked interest rates by 25 basis points for a second successive month on Tuesday, saying the improving economic outlook and expected growth in Asia justified the move.

Dollar falls as US lender goes bankrupt

Mon, 02 Nov 2009 12:24:00 GMT

AFP - LONDON (AFP) - The dollar fell against the euro on Monday amid fresh worries about the US financial sector following the bankruptcy of US bank CIT Group over the weekend.

HSBC eyes acquisitions in emerging markets

Mon, 02 Nov 2009 12:24:00 GMT

AFP - TAIPEI (AFP) - British banking giant HSBC Holdings said Monday it is eyeing acquisition opportunities in emerging markets and plans to open new branches in China.

ECB rates on hold, experts view bank loan policy

Sun, 01 Nov 2009 03:14:00 GMT

AFP - FRANKFURT (AFP) - Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank's exceptional loan support measures, analysts say.

Iceland lifts capital controls as crisis eases

Sat, 31 Oct 2009 19:57:00 GMT

AFP - REYKJAVIK (AFP) - Iceland's central bank said on Saturday it would begin progressively lifting capital controls put in place a year ago after the global financial crisis toppled the country's banking system.

Euro lifted by risk-taking as US returns to growth

Fri, 30 Oct 2009 11:46:00 GMT

AFP - LONDON (AFP) - The euro firmed against the dollar on Friday after the US economy returned to growth in the third quarter, helping boost investor readiness to take on more risk, dealers said.

Russia cuts interest rates to historic low

Thu, 29 Oct 2009 15:22:00 GMT

AFP - MOSCOW (AFP) - The Russian Central Bank on Thursday agreed a half-point cut in its benchmark refinancing rate to 9.5 percent, the lowest level in Russia's modern history, in a bid to stimulate the economy.

Bank of Canada says China FX policy "great risk"

Wed, 28 Oct 2009 22:47:00 GMT

Reuters - OTTAWA (Reuters) - China's foreign exchange policy poses a great risk and it is a top priority of global policy makers to work toward a change, Bank of Canada Governor Mark Carney said on Wednesday.

Norway raises rates, first in Europe in crisis

Wed, 28 Oct 2009 17:43:00 GMT

AFP - OSLO (AFP) - Norway on Wednesday became the first European country to raise interest rates this year in the global financial crisis, which it managed to overcome thanks to its huge oil revenues.

Euro dips under 1.48 dollars

Wed, 28 Oct 2009 11:19:00 GMT

AFP - LONDON (AFP) - The euro fell below 1.48 dollars on Wednesday while the yen gained ground as fresh worries over the outlook for the global economy prompted buying of "safe-haven" units, dealers said.

Australia posts lowest inflation in 10 years

Wed, 28 Oct 2009 06:19:00 GMT

AFP - SYDNEY (AFP) - Australia unveiled the lowest annual inflation in 10 years on Wednesday, cutting the chances of a big rate hike next week as the central bank bids to keep economic recovery on track.

Australia inflation rise 1pct, above forecasts

Wed, 28 Oct 2009 01:40:00 GMT

AFP - SYDNEY (AFP) - Australian inflation rose 1.0 percent in September from the previous quarter, officials said Wednesday, raising expectations of a second consecutive interest rate rise next week.

Canada export agency warns on risks from high loonie

Tue, 27 Oct 2009 13:32:00 GMT

Reuters - OTTAWA (Reuters) - The Canadian dollar is seriously overvalued and the country could slip into a double-dip recession if the currency stays at current levels, the government's export agency said on Tuesday.

Dollar hits five-week high versus yen

Tue, 27 Oct 2009 10:54:00 GMT

AFP - LONDON (AFP) - The dollar hit a five-week high against the yen on Tuesday amid speculation that the US Federal Reserve may signal a clearer timeframe for lifting its rock-bottom interest rates, dealers said.

Dollar 'world's strongest currency': Japan

Tue, 27 Oct 2009 10:24:00 GMT

AFP - TOKYO (AFP) - Japan's finance minister said on Tuesday that the dollar was still the world's strongest currency and it was natural for Tokyo to keep large stockpiles of the greenback.

Euro hits fresh 14-month highs against dollar

Mon, 26 Oct 2009 11:29:00 GMT

AFP - LONDON (AFP) - The euro hit fresh 14-month highs against the dollar on Monday on signs that China may increase its holdings of the European currency, dealers said.

China should boost euro, yen in reserves: report

Mon, 26 Oct 2009 05:19:00 GMT

AFP - SHANGHAI (AFP) - China should keep the dollar as the primary currency in its foreign exchange reserves but raise the share of euros and yen, a newspaper linked to the country's central bank said Monday.

China to keep yuan weak until crisis over: experts

Sun, 25 Oct 2009 04:29:00 GMT

AFP - BEIJING (AFP) - China will maintain a weak yuan until its export sector has recovered from the global crisis, prioritising concerns at home despite growing pressure from its major trading partners, analysts say.

Pound slumps in shock as UK stays in recession

Fri, 23 Oct 2009 12:34:00 GMT

AFP - LONDON (AFP) - The pound slumped against the dollar and euro on Friday after shock data showed that Britain was still shackled by deep recession in the third quarter, traders said.

World stocks gain amid optimism spurred by company outlooks in US, Asia; Hong Kong up 1.7 pct

Fri, 23 Oct 2009 09:21:00 GMT

The Canadian Press - BANGKOK, Thailand - World stock markets rose Friday, spurred by another batch of optimistic quarterly reports from major companies in the U.S. and Asia even as worries remained that this year's rally has overshot reality.

Euro slips back under $1.50

Thu, 22 Oct 2009 11:38:00 GMT

AFP - LONDON (AFP) - The European single currency dropped back below the key level of 1.50 dollars on Thursday after Chinese economic growth data failed to meet some investors' high expectations, dealers said.

Euro tops $1.50

Wed, 21 Oct 2009 21:14:00 GMT

AFP - LONDON (AFP) - The euro breached the key 1.50 dollars level on Wednesday to hit fresh 14-month highs as increasingly confident investors deserted the US unit in favour of higher yielding assets, dealers said.

Euro tops 1.50 dollars as greenback sees more pressure

Wed, 21 Oct 2009 21:14:00 GMT

AFP - NEW YORK (AFP) - The euro burst past the key 1.50 dollars level on Wednesday to fresh 14-month highs as increasingly confident investors sold the US unit in favor of higher yielding assets.

Euro soars to 14-month peak above $1.50

Wed, 21 Oct 2009 15:51:00 GMT

AFP - LONDON (AFP) - The European single currency leapt above 1.50 dollars here on Wednesday, hitting a 14-month peak, as the safehaven dollar was hampered by global economic recovery hopes and super-low interest rates.

Euro soars above $1.50 for first time in 14 months

Wed, 21 Oct 2009 15:03:00 GMT

AFP - LONDON (AFP) - The European single currency leapt above 1.50 dollars here on Wednesday, hitting a 14-month pinnacle, as investors looked for higher returns than those available on the safehaven US unit.

Euro hits $1.50 for first time in 14 months

Wed, 21 Oct 2009 14:39:00 GMT

AFP - LONDON (AFP) - The European single currency leapt above 1.50 dollars here on Wednesday, hitting a 14-month pinnacle, as rising investor confidence boosted appetite for risky assets, analysts said.

Euro hovers near $1.50

Wed, 21 Oct 2009 14:28:00 GMT

AFP - LONDON (AFP) - The European single currency hovered close to 1.50 dollars on Wednesday as investors waited for a US Federal Reserve report for clues on the outlook for the world's biggest economy, traders said.

Dollar range-bound before Fed report

Wed, 21 Oct 2009 08:53:00 GMT

AFP - TOKYO (AFP) - The dollar moved narrowly against the yen and euro in Asia Wednesday as investors waited for a US Federal Reserve report for clues on the outlook for the world's biggest economy, traders said.

Dollar rallies from 14-month low vs euro

Tue, 20 Oct 2009 20:24:00 GMT

Reuters - NEW YORK (Reuters) - The dollar bounced back from a 14-month low against a basket of currencies in volatile trading on Tuesday as policymakers in Europe and Asia commented on the greenback's decline and options-related buying kept it from pushing though key levels.

Dollar recovers from 14-month low vs euro

Tue, 20 Oct 2009 17:56:00 GMT

Reuters - NEW YORK (Reuters) - The dollar recovered from a 14-month low against a basket of currencies in volatile trading on Tuesday as policymakers in Europe and Asia commented on the greenback's decline and options-related buying kept it from pushing though key levels.

Euro heads towards $1.50 before key meet

Mon, 19 Oct 2009 17:12:00 GMT

AFP - LONDON (AFP) - The euro headed toward 1.50 dollars on Monday as European officials may seek to talk down the European single currency's recent strength at a meeting due later in the day, dealers said.

Euro higher against dollar

Mon, 19 Oct 2009 17:12:00 GMT

AFP - LONDON (AFP) - The euro extended gains against the dollar on Monday, looking set to test the key 1.50 dollars level again as investors took on more risk, pushing stock and commodity markets higher, dealers said.

Weak dollar may feed inflation in GCC, peg likely to stay

Sun, 18 Oct 2009 18:32:00 GMT

AFP - KUWAIT CITY (AFP) - The sliding dollar may spur inflation in energy-rich Gulf states whose currencies are pegged to the greenback, but the exchange regime peg will survive for now, analysts said on Sunday.

Strong euro threatens Europe recovery: Eurogroup

Fri, 16 Oct 2009 16:40:00 GMT

AFP - LUXEMBOURG (AFP) - The euro's rise to a 14-month high against the dollar threatens to "slow economic recovery in Europe" by hitting exports, the head of the group of 16 countries using the currency said Friday.

Euro slips against dollar on profit-taking

Fri, 16 Oct 2009 10:49:00 GMT

AFP - LONDON (AFP) - The European single currency slid on Friday against the dollar as many currency investors opted to take profits after bumper gains earlier this week, dealers said.

Dollar falls to 14-month euro low

Thu, 15 Oct 2009 11:53:00 GMT

AFP - LONDON (AFP) - The dollar hit a 14-month low against the euro Thursday on fears that US interest rates would remain super-low for a long time and as a stock market rally sparked appetite for riskier assets, traders said.

Dollar slides, fuelling commodity price hikes

Wed, 14 Oct 2009 12:24:00 GMT

AFP - LONDON (AFP) - The dollar slumped to a 14-month low against the euro on Wednesday, pushing the price of gold to a record high and crude oil futures above 75 dollars for the first time in a year.

Bank of Japan holds super-low rates steady

Wed, 14 Oct 2009 11:38:00 GMT

AFP - TOKYO (AFP) - Japan's central bank said on Wednesday the world's number two economy has begun to recover, but it kept markets guessing on when it will wind down emergency measures aimed at fighting the credit crunch.

Euro hits $1.49 for first time since August 2008

Wed, 14 Oct 2009 09:28:00 GMT

AFP - LONDON (AFP) - The euro surged on Wednesday to a 14-month peak above 1.49 dollars with the greenback hit by increased risk appetite and prospects of super-low US interest rates for some time amid rising economic confidence.

Euro at 1.49 dlrs for first time since August 2008

Wed, 14 Oct 2009 08:05:00 GMT

AFP - LONDON (AFP) - The European single currency surged above 1.49 dollars here on Wednesday, reaching a level last seen in August 2008, as economic confidence boosted investor appetite for riskier assets, dealers said.

Euro soars above $1.48 after German survey

Tue, 13 Oct 2009 17:39:00 GMT

AFP - LONDON (AFP) - The euro leapt above 1.48 dollars in choppy trade on Tuesday as dealers digested a mixed German investor confidence survey, while the British pound fell on news of sliding inflation.

Euro soars over dollar as risk appetite returns

Tue, 13 Oct 2009 17:39:00 GMT

AFP - LONDON (AFP) - The euro leapt above 1.48 dollars in choppy trade on Tuesday as rising economic confidence whetted investors' appetite for the riskier-seeming European single currency over the safe-haven dollar.

BoJ mulls winding down emergency support

Tue, 13 Oct 2009 10:13:00 GMT

AFP - TOKYO (AFP) - Japan's central bank kicked off a two-day meeting on Tuesday to discuss whether to end emergency measures aimed at keeping credit flowing to cash-strapped companies during the economic slump.

Investors drop dollar, awaiting earnings

Mon, 12 Oct 2009 21:09:00 GMT

AFP - LONDON (AFP) - The dollar weakened on Monday in subdued trade on holidays in Tokyo and New York, as investors held their breath for more indicators on the US economy and monetary policy, analysts said.