Tag: US dollar

• Tuesday, May 31st 2011 - 07:43 UTC

  China: Yuan at record high against US dollar; Power shortage and higher prices

  

  China's Yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated. The People's Bank of China (PBOC) fixed the Yuan's mid-point at 6.4856 against the US dollar on Monday.

• Tuesday, May 3rd 2011 - 17:24 UTC

  US printing press is flooding the world with dollars, claims Mantega

  

  Testifying before Congress Brazilian Finance Minister Guido Mantega said that international commodity prices are behind much of the country’s rising inflation, but insisted the government will take action to keep prices in check and prevent the currency from strengthening too far too fast.

• Friday, April 29th 2011 - 05:21 UTC

  Oil soars to its highest in 31 months and US dollar plunges to three year low

  

  United States crude oil futures rose Thursday to hit a 31-month high settlement after a volatile trading session while the US dollar fell to a three-year low against major currencies following on the Federal Reserve's intention to keep interest rates near zero.

• Monday, April 25th 2011 - 07:07 UTC

  Gold and silver soar to new highs pushed by weak dollar and inflation

  

  Gold advanced to a record, set for the best run since November 2006 after rising for nine days, as investors sought to protect their wealth against a weaker dollar, faster inflation and geopolitical tension in the Middle East. Silver climbed to a 31-year high.

• Wednesday, April 20th 2011 - 02:27 UTC

  Brazil trusts the Fed will end liquidity program in July thus boosting the US dollar

  

  Brazil believes the impact of an undervalued US dollar which is appreciating other currencies such as the Brazilian Real, ‘won’t last long’ according to forecasts from Finance Minister Guido Mantega.

• Tuesday, April 19th 2011 - 14:04 UTC

  IMF pounds at emerging and developed countries, but forgets self-criticism

  

  The IMF criticized developing countries for not responding strongly enough to the surge of hot money into their markets, saying the result could be a hard economic landing.

• Monday, February 21st 2011 - 07:03 UTC

  G20 reaches deal on indicators to detect economic imbalances

  

  The G20 have reached a deal on indicators to detect economic imbalances, the French presidency said, after the meeting ended in Paris. The world's leading economies agreed on a compromise after “frank, sometimes tense” negotiations, French Finance Minister Christine Lagarde said.

• Friday, February 18th 2011 - 04:51 UTC

  IMF calls for fiscal discipline and a “weaker dollar” ahead of G20 meeting

  

  The International Monetary Fund will warn G20 finance ministers this weekend of growing risks to the world economy from surging food prices and public finances while also advocating a somewhat weaker dollar.

• Monday, January 17th 2011 - 20:59 UTC

  Brazilean Central Bank Intervenes in Futures Dollar Market to Stop Real Appreciation

  

  Dilma Rousseff has taken measures to stop the appreciation of the real. The Brazilian Central Bank swapped all of the currency futures contracts in a reverse swap auction. This way the institution headed by Alexandre Tombini disembarks in the futures market.

• Thursday, January 6th 2011 - 20:16 UTC

  Chile’s measures to weaken the Peso are working in the short term

  

  Chile's peso was operating Thursday at 495 to the US dollar after depreciating around 6% in two sessions on a 12 billion US dollars central bank intervention program announced this week.