ADV: Trade Currency-Free Practice Account
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Learn currency trading with real-time rates, news, charts, and a free demo trading account from FXCM - the market maker for Forex trading.
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Opinion Long live the trading grid
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Euro si rafforza nei confronti del dollaro e dello yen
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Get real-time rates, free charts and news, as well as a free demo trading account from FXCM - the market maker for Forex trading. Visit the site today.
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Cross dollaro/yen tocca massimo di 123,56
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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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A cross-continent look at how far your money goes.
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(InfoWorld) - The declining value of the U.S. dollar should allow PC vendors to offer bargains to people living in the euro zone, while U.S. consumers probably won't feel much of a pinch, according to a leading economist. The U.S. currency has suffered from a decision by the Federal Open Market Committee to lower the federal funds rate 50 basis points to 4.75 percent. That's the rate financial institutions charge each other for overnight loans and it has a big impact on overall interest rates in a country. The lower rate hurts the dollar because it causes investments to flow out of the U.S. to find higher interest rates elsewhere, such as England where the rate is 5.75 percent, or Australia where it is 6.5 percent. The Fed said it reduced the rate to stave off credit problems associated with theÂ bad-loans crisis in the U.S. housing market. A negative side affect for people in the U.S. is that the falling currency is leading to higher prices for some commodities. The price of oil, for example, rose to a record $83 a barrel on Thursday, largely due to the cut in the federal fund rate, according to Robert Mundell, professor of economics at Columbia University and the 1999 winner of the Nobel Memorial Prize in economics. Oil is traded globally in U.S. dollars, but oil traders have bid the price per barrel higher to offset the declining value of the U.S. dollar. Higher oil prices raise fuel costs for consumers, including heating oil and gasoline, and potentially mean higher prices for airplane tickets and shipping rates. The situation is far different for computer components, despite the fact they are also bought and sold in U.S. dollars around the world. While oil producers have the power to raise prices in order to compensate for the weaker dollar, makers of computer parts, for which the market is far more competitive, do not have the same type of leverage. The good news for people in the euro zone is that the euro rose to a record high against the dollar after the Fed's rate decision, so people in countries that use the euro should see bargains for a number of IT items. Currency traders bid the price of the euro to $1.41 on Friday, up from $1.37 at the beginning of September and $1.39 a day ahead of Tuesday's Fed rate cut. By comparison, the euro bought only $0.82 at its low point in October 2000. The stronger European currency should bring more bang for the buck, so to speak, unless retailers take advantage of better exchange rates to boost their own profits. For Americans, the news isn't bad. Despite the decline in the currency, component prices probably won't rise, Mundell said, because most of the computer industry is located in the U.S. and Asia. "Asia is a U.S. dollar area," he said, during a briefing with reporters in Taipei on Friday. Computer components are bought and sold in the U.S. currency, and nations in the region generally tie their currencies to the U.S. dollar. In addition, manufacturers are constantly working to lower costs, and these reductions are valued in U.S. dollar terms. One example of a computer component traded globally in U.S. dollars isÂ DRAM, where prices have fallen dramaticallyÂ this year. The contract price of the most widely used DRAM, 512Mb DDR2 (double data rate, second generation) chips that run at 667MHz, dropped to $1.75 each as of Thursday, down 70.5 percent since the beginning of the year, according to DRAMeXchange Technology, which runs an online trading site for the chips. The chip prices are falling because producers are churning out too many chips and causing a glut on the market.
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KUALA LUMPUR: Malaysia can save RM2.36 billion in foreign exchange a year from the newly-launched Internet exchange, called MyIX.  Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik said the savings will come from reduced dependence on foreign Internet exchanges.
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The record surge in the value of the Canadian dollar is going to test the Canadian economy, financial analysts here warned. The Canadian dollar, after briefly rose above 85 US
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NEW YORK - Once a year or so we like to check in on the dollar to find out if it is strong. Inevitably it is, but it is strong in different ways each time.
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Investor's Business Daily - Insult is about to follow injury. It's bad enough that you've had to put up with a so-so year of market performance. Now you have to brace for an expected rise in stock fund capital gain distributions.
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Buy into hot markets the easy way.
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THE dollar opened stronger today as some commodity-based trading helped pushed the domestic unit higher. At 7am AEST the local unit was trading at $US0.
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5% on a money market account? It was fun while it lasted.
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The Euro today set a new record high, breaking through key 1.41 levels in the early part of the European trading session. The Dollar touched another record low against the Euro as investors continued to dump the U.S. currency after the aggressive rate cut by the Federal Reserve earlier this week. The Dollar's slump comes on the back of increasing worries over the U.S. economy in the wake of its mortgage crisis.
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