Tag: currency

• Tuesday, September 28th 2010 - 04:50 UTC

  German unification conditioned to acceptance of Euro, reveal documents

  

  Deceased French president Francois Mitterrand in 1989 gave his approval to German unification on condition that then Chancellor Helmut Kohl opened the way for the creation of an only currency in the European Union.

• Sunday, September 12th 2010 - 06:45 UTC

  China trade surplus down; US congress set to discuss value of the Yuan

  

  China's trade surplus narrowed in August as imports picked up at a faster pace and exports slowed although not drastically, official figures showed on Friday. The data is likely to keep up pressure on Beijing to ease currency controls.

• Wednesday, September 1st 2010 - 19:56 UTC

  Rapid recovery and strong copper demand sustain Chilean Peso appreciation

  

  The Chilean peso rose on the first day of September, --and now stands at 500 to the US dollar--, as accelerating manufacturing growth in China improved the outlook for Chile’s raw material exports, mainly copper.

• Monday, August 30th 2010 - 19:28 UTC

  Brazil preparing to act against the strong appreciation of its currency

  

  Brazilian Finance Minister Guido Mantega said foreign-based companies operating in Brazil should consider sending some profits home as the exchange rate is unlikely to remain as favorable as it is now.

• Thursday, August 12th 2010 - 18:11 UTC

  US Dollar Drops To Its Lowest Level In Six Months

  

  Globally the US dollar has been sinking this year and the Chilean peso has fared particularly well against it.

• Tuesday, May 25th 2010 - 06:17 UTC

  Fears of Europe’s debt crisis on global recovery hits Brazil’s Real

  

  Brazil’s currency fell Monday over concern Europe’s debt crisis may slow the global economic recovery. The Real slid 0.9% to 1.8704 per U.S. dollar from 1.8534 on May 21. The currency has declined 6.7% this year after rising 33% in 2009.