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  • Foreign Exchange Dollar Falls Vs Yen
    1,285 words
    Foreign Exchange Dollar Falls vs. Yen, Stays Flat vs. Others As Traders Await Fed Move, Japan Data By Jennifer M. Barrett 03/21/2000 The Wall Street Journal (Copyright (c) 2000, Dow Jones & Company, Inc.) NEW YORK - The dollar retreated against the yen but barely budged against major European currencies in thin trading ahead of the Federal Reserve's Open Market Committee meeting today. With Tokyo closed for the Vernal Equinox holiday and traders awaiting today's Fed meeting and the release of ne...
  • Dollars To Euros
    3,565 words
    In Europe, the debut of the euro is widely hailed as the most important event affecting the international monetary landscape since the breakup of the Bretton Woods System in 1971 to 1973, or since the Bretton Woods Agreement in 1944, or maybe even since the founding of the Federal Reserve System in 1913. It has become a contest for European officials and commentators to see who can push the analogy back furthest in time. Eminences elsewhere in the world have similarly greeted the euro with high ...
  • Euros As Their Oil Transaction Currency Standard
    4,327 words
    Although completely unreported by the U.S. media and government, the answer to the Iraq enigma is simple yet shocking -- it is in large part an oil currency war. One of the core reasons for this upcoming war is this administration's goal of preventing further Organization of the Petroleum Exporting Countries (OPEC) momentum towards the euro as an oil transaction currency standard. However, in order to pre-empty OPEC, they need to gain geo-strategic control of Iraq along with its 2nd largest prov...
  • Exchange Rate Of The Euro
    1,186 words
    Foreign Exchange Markets and Exchange Rates When Americans buy goods or services produced in foreign countries, they normally must first buy the currencies used in those foreign countries. For example, when an importing firm in New York buys European beer, payment to the European brewery must be made in euros, not dollars. Similarly, if a European resident wants to vacation in Florida or buy goods from the U.S., he or she must buy dollars. A market for currencies, known as the foreign exchange m...
  • Euro's Current Strength Against The Dollar
    1,573 words
    November 18, 2003: In afternoon trading, the euro bought $1.1955, its highest level ever against the U.S. currency. In early-morning trading, the euro was at $1.174. The dollar was fetching 108.05 yen, nearly a full yen weaker than its early-morning level of 109.08. (CNN / Money) Why did this happen? At the time of introduction of Euro it was thought that it might not be able to make the desired impact to lessen the importance of US Dollars in the International Trade Market. Whereas the present ...
  • Dollar
    279 words
    Article Title: "Profit takers move to send dollar higher". Author: Jennifer Hughes Source: finance times. com; Pub, February 11, 2003 Abstract: This article is an overview of international trade and foreign exchange. It focuses on the comparison between the dollar and the European country as of this week and mainly the Euro. It also touches the importance of the Fed concerning investment. As NATO and the UN Security council drift apart over how to deal with the Iraq, the stock exchange is almost...

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