Trying to Catch a Falling Currency
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Although Americans vacationing in Europe may be howling over higher prices in hotels and restaurants, the adverse impact of the rapidly declining US dollar has fallen mainly on foreigners, at least so far.
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With the U.S. currency falling, more investors are thinking about the foreign exchange market. But experts advise caution
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President Bush faces a potential currency crisis, in which a plunge in the dollar could set off economic waves around the world.
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From San Francisco to Sydney, find out how much--or little--property your dollar will fetch.
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Â· Pound falls as news swirls around money marketsÂ· US Fed poised to cut rates amid global liquidity crisis
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The dollar is dipping again. After falling against major currencies such as the euro, yen, and Canadian dollar in 2002 and 2003, the greenback stabilized this year.
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The dollar slumped to a record low against the euro in Europe on expectations the region&#39;s leaders will fail to persuade the US to stem the slide in its currency when policy makers meet this weekend in Berlin.
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The dollar slipped to just over a cent above this month's record low against the euro on Monday but won a bit of ground versus the yen, with investors focusing on the broadly bearish outlook for the U.S. currency.
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TORONTO (Dow Jones)--After its wrenching fall against the euro and other currencies, the dollar will likely remain under selling pressure this week amid a slew of top-tier economic data.
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THE US dollar slid to a new all-time low yesterday against the euro, which rose to US$1.3643 in thin post-holiday trading. This latest fall came in afternoon European trading, with the euro creeping just past
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"But I'm saying: look at what's going on"  The dollar hit a new low against the seemingly unstoppable euro Friday as the 13-nation currency broke through $1.41. The euro's ascension renewed calls from French President Nicolas Sarkozy for the European Central Bank to follow the Federal Reserve and cut interest rates, which would help keep French exports competitive.Despite the worries of some exporters _ European aircraft maker Airbus said if the euro keeps rising it may have to seek new cost savings _ ECB President Jean-Claude Trichet and German Chancellor Angela Merkel stood firm that the ECB must remain independent. Read more
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The US dollar fell yesterday against all the major currencies on international exchange markets except the Canada dollar. The Euro climbed to $1.3074 against US dollar, breaking a new record.
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The steep decline of the dollar against the euro has made eye-popping prices a lamentable part of the travelerâs tale.
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WHEN the worldâs leading currency goes on the slide, be braced for all manner of latent trouble to come to the fore. The slide in the greenback, renewed after disappointing US jobs numbers last Friday, is
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What&#39;s going on with the dollar? After falling steadily for the better part of two years, the greenback showed signs of stabilizing in the spring and summer.
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The US dollar has continued its record-breaking slide and has tumbled to a new low against the euro.
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dailyfx.com. The skyrocketing Euro and tumbling US dollar has been a major headliner over the past few weeks. In an investor climate that traditionally focuses most