News Archive: currency

06, 2012 March:

The bigger picture: A brief history of real estate

Who was the first real estate investor? Alexander the Great, according to this infographic. The timeline charts the history of property investment back to 334 BC, when Alexander invaded Persia and seized land by force. But will 2012 be known as the year real estate recovered from recession?

27, 2011 July:

Dollar declines to record on U.S. deficit deadlock

The dollar fell against all of its most-traded counterparts as politicians struggled to agree on raising the U.S. debt ceiling and reducing its deficit.

25, 2011 July:

Dollar falls on U.S. debt impasse safety bid

The dollar slid toward a record low against the Swiss franc after U.S. lawmakers failed to agree on raising the nation’s $14.3 trillion debt ceiling, boosting the odds of a default as soon as next week.

27, 2011 June:

Euro recovers, sterling falls after renewed EU confidence

Whilst the continuing dovish stance of the Bank of England had a downward effect on the sterling's value, the movement of the Fed into more hawkish policies combined with the survival of the Greek government in last week's no confidence vote served to strengthen the dollar and the euro.

27, 2011 May:

Dollar and euro both suffer currency falls

The dollar dropped against most major peers as the economy grew less than forecast and jobless claims unexpectedly rose, adding to speculation the Federal Reserve will lag behind other central banks in raising interest rates.

The US dollar could be almost dead in 15 years

This week, the World Bank published a report predicting the demise of the US dollar as the major reserve currency by 2025. The transition will be driven by emerging market growth rates of 4.7% a year, compared to only 2.3% for developed countries.

09, 2011 May:

Pound falls, Euro holds value as interest rate decisions postponed

A shortened trading week in the United Kingdom as well as the main focus for analysts being on the Bank of England and European Central Bank rate decisions gave rise to range trading dominating the market for the early part of last week.

25, 2011 January:

Euro looks strong as rescue bonds go to market

The single currency reached two-month highs as investors prepared to bid on bonds for the much-lauded rescue fund.

20, 2011 January:

Dollar hits new low amidst unemployment speculation

The US dollar dropped to its lowest value in eight weeks as traders speculated on the outcome of the latest unemployment and home sales figures.

15, 2010 December:

Risky bet on $3.9bn Vegas casino

Amid a crushing recession that has left unfinished casino and condo projects stalled in Las Vegas and across the region, opening a new resort complex here seems a decidedly risky bet...

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