| NZ dollar tumbles overnight The New Zealand dollar tumbled against major currencies as world sharemarkets fell sharply and soft economic data from across the globe cast doubts over the strength of economic recovery.The kiwi fell to a two-week low against... nzherald.co.nz |
U.S. Dollar Open Modestly Softer; Euro Off Peak (TheStreet.com) The euro stayed below Friday s two-month high against the dollar and even firmed at the outset of Monday trading, despite news of a ratings downgrade in Ireland. finance.yahoo.com |
FOREX-Yen slips, investors wait for Japan to act (at Reuters) * Yen lurks below 15-yr high vs dollar, Japan action in focus * Japan govt to urge BOJ to ease monetary policy - media us.rd.yahoo.com |
Japan Counted on Cheap Yen. Oops. Toyota, world's largest automaker, is struggling to match sales of other automakers as yen continues to rise and price of manufacturing its cars becomes increasingly expensive; analysts say that Toyota's production setup, which depends heavily on Japanese factories and suppliers rather than overseas production, is to blame; note that for every yen to dollar that Japanese currency gains Toyota loses 30 billion yen or $355 million in operating profit; automaker plans to expand overseas as part of... query.nytimes.com |
Dollar sinks to 15-year low against yen The dollar hit a 15-year low against the yen in intraday trade and lost ground across the board on Wednesday as the prospect of further monetary policy loosening from the Federal Reserve weighed on the US currency. us.rd.yahoo.com |