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April 2007 - Posts

• Market Insight: Asian currencies benefit from weak dollar

  Asian currencies have not been the main beneficiaries of the latest round of dollar weakening: it is the pound and the euro that have reached historic highs against the dollar rather than Asian currencies. Posted Apr 30 2007, 04:00 PM by FT.com - Currency Markets News and Data

• Turkish lira slumps amid political turmoil

  The Turkish lira dropped sharply on Monday, falling to a one-month low against the dollar amid political turmoil surrounding the nomination of the Abdulla Gul, the ruling AK party's presidential candidate. Posted Apr 30 2007, 06:03 AM by FT.com - Currency Markets News and Data

• Yen slips to record low against euro

  The yen fell to a record low against the euro on Friday after Japanese economic data disappointed. Posted Apr 27 2007, 05:05 AM by FT.com - Currency Markets News and Data

• Dollar holds close to record low against euro

  The dollar held close to a record low against the euro on Thursday as investors continued to wrestle with mixed US economic data. Posted Apr 26 2007, 06:03 AM by FT.com - Currency Markets News and Data

• Euro nears record high against dollar

  The euro held close to a record high against the dollar on Wednesday after a robust reading of German business sentiment gave the single currency support. Posted Apr 25 2007, 05:04 AM by FT.com - Currency Markets News and Data

• Market Insight: Simple rule that currency hedges always cost money

  The concept of risk-adjusted return is being replaced by risk-ignored return. Sterling's inflation assisted surge through the $2 level last week illustrates a dangerous determination to only focus on the upside and to dismiss the inevitable downside. Posted Apr 24 2007, 01:01 PM by FT.com - Currency Markets News and Data

• Inflation data hit Australian dollar

  High-yielding currencies lost ground on Tuesday as tame Australian inflation data dampened expectations that the Reserve Bank of Australia would raise interest rates at its policy-setting meeting next week. Posted Apr 24 2007, 05:05 AM by FT.com - Currency Markets News and Data

• Rating upgrade boosts yen

  The yen climbed on Monday as an upgrade of Japan's debt rating boosted demand for the currency. Posted Apr 23 2007, 06:05 AM by FT.com - Currency Markets News and Data

• Dollar comes to rescue of Corporate America

  The weak dollar and strong overseas markets came to corporate America's rescue with blue-chip companies such as industrial giants Honeywell and Caterpillar and the drugmaker Pfizer reaping the benefits of international exposure. Posted Apr 20 2007, 06:01 PM by FT.com - Currency Markets News and Data

• Euro hits 2-year high against dollar

  The euro crept closer to its all-time high against the dollar, extending its two-year peak as stock markets steadied after Thursday's anxious session. Posted Apr 20 2007, 06:00 AM by FT.com - Currency Markets News and Data

• Yen stronger as carry trades falter

  The yen made strong gains on Thursday after carry trades were unwound as profits were taken in the wake of recent hefty gains for the euro and other higher-yielding currencies. Posted Apr 19 2007, 06:04 AM by FT.com - Currency Markets News and Data

• Europe sure of growth as dollar weakens

  European policymakers remained confident about the prospects for growth, while US officials were quiet as sterling hit a 26-year high and the euro neared a record peak against the US currency. Posted Apr 18 2007, 04:04 PM by FT.com - Currency Markets News and Data

• The Short View: Dollar weakness

  Dollar weakness has deep roots. It peaked against the euro in October 2000 and has fallen steadily since, dropping by 39 per cent. Such a weak dollar can skew perceptions far beyond the currency markets. Posted Apr 18 2007, 01:01 PM by FT.com - Currency Markets News and Data

• No end in sight for dollar weakness

  There was no end in sight for the dollar's decline on Wednesday with the pound hitting a 26-year high and the euro edging closer to a new record against the US currency. Posted Apr 18 2007, 06:03 AM by FT.com - Currency Markets News and Data

• Sterling hits 26-year high against dollar

  The pound climbed to a 26-year high versus a weakening dollar after data showed wage inflation at its highest in nearly three years and traders digested the minutes of the Bank of England's recent interest rate-setting meeting. Posted Apr 18 2007, 06:00 AM by FT.com - Currency Markets News and Data