Tag: US dollar

• Friday, January 17th 2014 - 08:05 UTC

  US dollar keeps breaking records in Argentina; central banks reserves fall a further 100 million

  

  The US dollar reached a new record high on Thursday as purchase pressure on the so called “blue” or informal market continues pushing the price which closed 35 cents up at 11.50 pesos for buyers and 11.55 pesos for sellers.

• Thursday, February 14th 2013 - 23:29 UTC

  IMF praises Venezuelan devaluation, but LechugaVerde/Bolivar gap close to 300%

  

  The International Monetary Fund, IMF, praised Venezuela for the recent devaluation of its currency saying it is a positive attempt to reduce macroeconomic misbalances but also called on the government of President Hugo Chavez to continue eliminating the exchange rate distortions.

• Wednesday, December 12th 2012 - 20:35 UTC

  “Soft” dollar until US unemployment rate falls below 6.5% says Fed

  

  The US Federal Reserve has said it plans to keep interest rates at close to zero at least until the US unemployment rate falls below 6.5%. The Fed previously had a date-driven target, rather than a data-driven one.

• Tuesday, April 10th 2012 - 16:30 UTC

  Brazil targets a dollar floor of 1.80 Reais and questions private banks attitude

  

  Having a floor of 1.80 Real to the US dollar is no great thing, but it is a target to sustain said Brazil Development, Industry and Foreign Trade minister Fernando Pimentel referring to the latest announcements to promote Brazilian industry battered by a strong currency and massive inflow of ‘cheap’ imports.

• Monday, December 12th 2011 - 19:26 UTC

  Economists downgrade Brazil’s growth estimates for this year and 2012

  

  Brazilian bank economists cut the country’s growth estimate for this year to below 3%, (2.97%) according to a last week survey by the Central bank of over one hundred institutions and which was released Monday.

• Thursday, December 1st 2011 - 05:53 UTC

  US and EU stock soar following on central banks’ decision to provide dollars

  

  Global stocks and the Euro rallied on Wednesday after the world's leading central banks agreed to cut the cost for European banks to borrow much-needed dollars.

• Thursday, September 15th 2011 - 18:39 UTC

  Major Central banks come to the rescue of Euro commercial banks

  

  Major central banks around the world will cooperate to offer three-month US dollar loans to commercial banks in order to prevent money markets from freezing up because of Europe's sovereign debt crisis.

• Monday, August 8th 2011 - 04:33 UTC

  Brazil remains faithful to the dollar and has no plans to sell US Treasuries

  

  Brazil has no plans to sell US Treasuries or change its foreign currency reserves holdings as a result of Standard & Poor’s downgrade of the US’s credit rating, a government official said.

• Monday, August 8th 2011 - 04:14 UTC

  China warns US on ‘debt addiction’; demands global supervision of dollar issues

  

  Beijing bluntly criticized the United States after the superpower's credit rating was downgraded, saying the “good old days” of borrowing were over. S&P cut the US long-term credit rating from top-tier AAA by a notch to AA-plus on yesterday, over concerns about the nation's budget deficits and climbing debt burden.

• Friday, August 5th 2011 - 07:42 UTC

  Black Thursday in US and Europe turns into black Friday in Asia

  

  Asian stock markets have slumped on Friday, extending a global equity sell-off after Wall Street had its worst day in more than two years. Japan's main Nikkei 225 index shed 3.4% to 9,329.75. South Korea lost 4.2%, Australia slid 2.4% and China's Shanghai SE Composite Index was down 2%.