Forex theory and practice

In class last week we discussed exchange rate determination, prefaced by the recent relationship between pound sterling and the Euro ... has fallen is the looming recession and historically low interest rates. Although I think that exchange ... about the euro area’s prospects led foreign-exchange dealers to factor in an early cut in European interest [more...]

Date: 2009-01-11 17:30:42

Blog posts (20) | Videos (23)
 

Is the Euro the New Dollar?

By Leo Cendrowicz / Brussels Thursday, Jan. 01, 2009 A handful of euro notes Leon Neal / AFP / Getty Europe's single currency has come of ... E.U. countries locked their national currencies together into a fixed exchange rate. Three years ... from the exchange rate volatility, which has battered them in previous downturns," Barroso said on [more...]

Date: 2009-01-05 21:52:00

Euro is no panacea

Back in September, I suggested that the economic downturn meant that it was time to look again at joining the Euro ... the exchange rate on entry at the 'right' level, but there is a sense in which the mere removal ... , as I see it, to the Welsh economy in becoming part of the Euro-zone, but none of these are instant [more...]

Date: 2009-01-06 11:14:00

Sir Alan Walters

Sir Alan Walters who died on the 3rd of January, aged 82, was Margaret Thatcher's main economic adviser from 1981 to 1984 and in 1989. In 1989 he published an article opposing the United Kingdom's membership of the Exchange Rate ... to the euro.) Britain's subsequent joining proved in the event to be a disaster. In 1997 Sir Alan [more...]

Date: 2009-01-06 21:26:07

Thatchers economic adviser dies - News UK

Walters, an economics professor from a working-class family, rivalled Thatcher's Chancellor Nigel Lawson for influence, and contributed to Lawson's demise in a row over entering the Exchange Rate Mechanism, a precursor to the euro currency.Walters w [more...]

Date: 2009-01-05 21:27:53

The Non-Free Sale

"Liar liar pants on fire!" I cower my head in shame.. ... a bit, to find that these babies cost EUR389 online and at the current DIRE exchange rate (£=€... CRAZY...come to London, my Euro friends and have yourself a bargain...), I feel I made a wise [more...]

Date: 2008-12-30 12:42:30

BenQ S6 MID price cut

BenQ’s S6 MID first went on sale in Italy back in October; now carrier TIM has slashed the price from its original €429 to €299 ($403) ... . s6_mid_price_cut-480x196 Obviously the direct euro to dollar conversion suffers from exchange rate issues, but we’re hoping that when the S6 makes it officially into the US the price [more...]

Date: 2008-12-15 09:25:53

Stiff Upper Lips and Large Rate Cuts

The positive reaction by the U.K. pound in relation to the euro, after both central banks reduced interest rates overnight, suggests a different outlook among foreign exchange investors. Among the major forex markets ... more,” says Ulrich Leuchtmann, head of forex research at Commerzbank in Frankfurt, Germany [more...]

Date: 2008-11-06 15:51:31

Daily Forex Overview

Previous session overview On Wednesday, the dollar declined versus the euro after the Federal Open Market Committee voted to keep interest rates unchanged and the foreign exchange market concluded that it gave no signal of a near-term rate hike. After a two-day policy meeting in New York, U.S. Federal Reserve Chairman Ben Bernanke largely [more...]

Date: 2008-06-26 07:55:00

Competitive Devaluation of the U.S. Dollar on the Way?

The U.S. dollar has moved to multi-week lows vs. the euro (top chart) and is challenging longer-term lows vs. the yen (middle chart) ... that there have been times when exchange rate policy has been an effective weapon against deflation ... accustomed policy rate has been forced down to zero has most definitely not run out of ammunition [more...]

Date: 2008-12-11 13:21:00

Europe Solar Price Falls to Record Low, Global Prices Begin Drop

Solar prices have finally begun their downward trajectory in January, as revealed by the monthly survey just released on solarbuzz.com ... , if US prices stayed constant, an equivalent price in Europe using today’s exchange rate of ~$1.35 per ... fell six cents to a record low of 4.61 euros per watt peak. This was a couple euro cents below [more...]

Date: 2009-01-07 20:05:01

Top Travel Tips For 2009

Be aware of the latest schemes that 'no frills' airlines come up with to squeeze more money out of you ... on the exchange rate. Leave the iPhone at Home Despite EU roaming legislation, it's easy to get carried away ... With the pound plunging against the euro why not consider Egypt, Tunisia or Turkey? Then again [more...]

Date: 2009-01-06 14:22:00

The pound is suffering its worst slide since Britain was forced off the gold standard in 1931.

By Edmund Conway and Angela Monaghan Last Updated: 12:27PM GMT 19 Dec 2008 Sterling dipped closer to parity against the euro, ... of England. The fall is sharper than the devaluations in 1992, after leaving the Exchange Rate ... that the Bank of England will follow in the Federal Reserve’s footsteps and cut interest rates [more...]

Date: 2008-12-19 15:39:31

I'm in love!

I found a new love and it's called mosaickr and it is so cool! You can use your flickr images ( ... resolution mosaic for free. Or you can order a high resolution copy for .99 EURO which is about $1.37 in U.S. money and pay pal will take care of the exchange rate for you. I think you can use it even [more...]

Date: 2009-01-07 03:40:29

Fantastic deals on TV’s right now…

I remember the day i saw my first ever flatscreen TV ... d have to be mad not to buy from the UK and take advantage of the great Sterling exchange rate! The two sites ... £12,000! Twelve Grand! You’d have to me mad! That’s like a bazillion Euro in our new monies today [more...]

Date: 2009-01-12 15:23:30

Italy overtakes UK as British pound declines

Even working here in Europe, I have no idea how Italy does it ... was now worth less than Italy's. Applying Wednesday's exchange rate to the two countries' output last year ... could get no worse, La Stampa yesterday declared: "Italy beats England sic with the euro [more...]

Date: 2008-12-19 08:27:00

Rumor: Sony Vaio P to sell for just under $1000

Sascha at Eee PC News has received a tip about the upcoming Vaio P subnotebook from Sony, ... P will carry a 700 Euro price tag in Europe, which is about $975 at today’s exchange rate. And that’ [more...]

Date: 2009-01-02 20:46:38

Yen Rises as Stock Drop Boosts Currency’s Appeal as Safe Haven

By Stanley White and Ron Harui Dec. 24 (Bloomberg) -- The yen rose against the euro and the dollar, snapping two days of losses, ... U.S. personal spending and durable goods orders dropped. The South Korean won rose on speculation ... purchases or sales of currencies to influence the exchange rate. Against the Australian dollar [more...]

Date: 2008-12-24 04:14:00

Recession fears hit stocks

LONDON - FEARS of an ‘inevitable’ global recession prompted sharp swings on currency markets and falls on stock exchanges despite talk of new ... rate cuts in the 15-nation eurozone to spur economic growth forced the euro towards a near two-year [more...]

Date: 2008-10-22 11:03:51

British pound drops below euro on the street

Ruh roh. This is not going to go over well in ol Blighty but for Europeans, ... , €18 cost The Observer £19.61, an exchange rate of €0.918 to the pound. Tourists at Birmingham ... slumped to below parity with the euro on British high streets and at airports for the first time since [more...]

Date: 2008-12-14 09:17:00

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