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December 2006 - Posts

• Euro advances on rate hopes

  The euro rose against the dollar and the yen on Friday, finishing the year on a firm footing amid expectations that the European Central Bank will move to raise eurozone interest rates in 2007. Posted Dec 29 2006, 04:53 AM by FT.com - Currency Markets News and Data

• Market Insight: Won's strength against yen leaves Korean exporters worried

  South Korean export growth has remained surprisingly robust this year, even though the won has repeatedly hit its highest levels against the dollar since 1997. But Korean exporters are far more worried about the weak yen than the weak dollar. Posted Dec 28 2006, 12:00 PM by FT.com - Currency Markets News and Data

• Dollar steady in thin trade

  The dollar was steady against its major trading partners on Thursday as liquidity remained thin on the foreign exchange markets. Posted Dec 28 2006, 05:35 AM by FT.com - Currency Markets News and Data

• Euro notes cash in to overtake dollar

  The value of euro notes in circulation is this month likely to exceed the value of circulating dollar notes, according to calculations by the Financial Times which point to the US dollar bill's status as the world's favourite form of cash being usurped by the five-year-old euro. Posted Dec 27 2006, 04:07 PM by FT.com - Currency Markets News and Data

• A coming of age for the European currency

  The eurozone's geographical expansion is modest in comparison with the rapid growth in euro notes in circulation within the region and beyond. Posted Dec 27 2006, 04:07 PM by FT.com - Currency Markets News and Data

• New eurozone member may punch above its weight

  Slovenia will have a representative on the European Central Bank's interest-rate setting governing council and, in theory, its central bank governor, Mitja Gaspari, will have as much influence as Axel Weber of Germany's Bundesbank. Posted Dec 27 2006, 04:07 PM by FT.com - Currency Markets News and Data

• Yen rallies from 2-month low against dollar

  The yen bounced back from a two-month low against the dollar on Wednesday amid reports that the Bank of Japan was set to discuss the possibility of raising interest rates at its next policy meeting. Posted Dec 27 2006, 05:00 AM by FT.com - Currency Markets News and Data

• Review of the year: Investors ride wave of liquidity

  A wave of global liquidity helped spur world markets higher in 2006 with gains for equities, bonds, commodities and property. Posted Dec 26 2006, 01:30 PM by FT.com - Currency Markets News and Data

• Thailand trades credibility for weaker baht

  The Thai baht took centre stage on the foreign exchange markets this week as Thailand's central bank sought to stem the currency's rise. Posted Dec 22 2006, 10:12 AM by FT.com - Currency Markets News and Data

• Dollar steady ahead of inflation figures

  The dollar was little changed against the euro and the yen on Friday as traders awaited US economic data due later in the session for clues as to the future path of US interest rates. Posted Dec 22 2006, 05:13 AM by FT.com - Currency Markets News and Data

• SK government fighting won rise

  South Korea has "unlimited resources" to limit the won's rise against the US dollar, a senior finance ministry official said. Posted Dec 22 2006, 02:15 AM by FT.com - Currency Markets News and Data

• Dollar eases amid thin trading

  The dollar weakened across the board on Thursday amid quiet trade ahead of the holiday season. Posted Dec 21 2006, 05:46 AM by FT.com - Currency Markets News and Data

• Embattled yen suffers a fresh battering

  The yen is the punch bag of the foreign exchange market, suffering a fresh beating after interest rates were left on hold this week but policymakers remain concerned about the potential for a rapid appreciation of the currency. Posted Dec 20 2006, 11:51 AM by FT.com - Currency Markets News and Data

• Euro rallies on inflation concerns

  The euro hit a record high against the yen after European Central Bank president Jean-Claude Trichet said inflation risks remained, lifting expectations of further eurozone interest rate increases. Posted Dec 20 2006, 05:42 AM by FT.com - Currency Markets News and Data

• Thailand revokes capital controls on equities

  Thailand was forced to reverse plans to impose a 10 per cent withholding tax on short-term foreign equity investment, after the imposition of draconian capital controls sent the stock market plunging. Posted Dec 19 2006, 10:42 AM by FT.com - Currency Markets News and Data