euro exchange rate: : Forex theory and practice (blog)

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 (108) | Videos (68)

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

Observations for Tuesday

WSJ.com reported, “Financial stocks pushed the broader market lower, with Citigroup and Bank of America posting double-digit percentage declines ... VIDEO Richard Clarida, global strategic adviser at Pacific Investment Management Co., talks ... and investment strategy. Reform plan raises fears of Bank secrecy The Government is set to throw [more...]

Date: 2009-01-12 22:15:30

2008 Lookback: Huh?

Many a decision, assertion or downright strange occurrence raised the ire of investors this year, and then there were those that couldn’t help but make a person just scratch their heads. This list is not an overview of a rogue’s gallery, just a grouping of happenings that fall somewhere between ridiculous and sublime. 1. Citigroup [more...]

Date: 2008-12-26 12:57:45

Oil troubled waters 2

Belmont Club Commenter L3 has an theory on why oil prices have swung from their recent heights to their recent lows ... had to sell US dollars and buy Chinese yuan. This meant that dollars got cheaper, and commodities ... , and our trade deficit expanded. At the same time, investors, concerned about the weakening dollar, began moving [more...]

Date: 2008-12-17 05:29:40

Gates of Vienna News Feed 1/2/2009

In tonight’s news: Israel is poised to send ground troops into Gaza.A Muslim family was removed from a plane before takeoff, and is being compensated by the airline for the error. CAIR is in high dudgeon about the incident.Thousands of shoes were dumped on a Miami expressway — is that a message for President-eject Bush? [more...]

Date: 2009-01-03 04:42:00

Economic Potpourri December 13, 2008

Once again news is flying out of every corner at record speeds. Here are a few headline news reports of interest from the past couple days.Mazama Capital assets fall 75%, but optimism holds steadyIn a year of devastating investment losses, it may comfort amateur stock pickers to know that even the pros are suffering [more...]

Date: 2008-12-13 22:34:00

International Travel Guide

So you're ready to travel outside the U.S. and just pretend that the exchange rate (at least in Europe) is not poisonous. Here are some tips: 1) ... a discount for combined bookings). 2) Look up the exchange rate in advance. You'll want ... , but the rest of your funds should come from ATM withdrawls (the exchange rate and fees are in your favor [more...]

Date: 2009-01-11 17:42:16

WSJ: Sony To Raise Prices In Europe

Straight from the Wall Street Journal - “Even as the electronics industry wages a price war in the U.S. to drum up sales, Sony Corp ... Inc., have seen the Korean won fall 30% in value against the dollar and 25% against the euro ... of a range of products sold in Europe. The reason: It needs to recoup some of its foreign-exchange losses [more...]

Date: 2008-12-17 21:42:19

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

How big? How low? How now brown cow?

David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S ... , Squawk on the Street, Squawk Box Asia, and Worldwide Exchange. Mr. Kotok is also a member ... . Our metaphor is World War 2. During that period the Federal Reserve kept the 90-day T-bill rate at 3/8 [more...]

Date: 2008-12-02 19:00:47

2009 Top Stocks: A Bull with Growing Horns

In trading earlier this week, several water companies got off to a great start. Midway through trading on Monday, Northwest Pipe (NASDAQ: NWPX), Layne Christensen (NASDAQ: LAYN), Gorman Rupp (AMEX: GRC), and Badger Meter (NYSE: BMI) were all showing sizable chunks of green.Yet other water industry stalwarts, like Consolidated Water ( [more...]

Date: 2009-01-11 08:10:00

2009 Top Stocks: A Bull with Growing Horns

Date: 2009-01-11 08:10:00

2009 Top Stocks: A Bull with Growing Horns

Date: 2009-01-11 08:10:00

Too flexible

The global financial crisis has had a continual capacity to surprise policymakers and the latest unpleasantness would appear to be the failure of ... . As we noted at the time, the program emphasized a flexible exchange rate, to avoid blowing reserves ... had the bad luck to have a dollar benchmark for the exchange rate just as the dollar was sharply [more...]

Date: 2008-12-04 05:04:54

Gates of Vienna News Feed 1/4/2009

The overwhelming evidence of global warming continues to accumulate — as does the level of ice and snow in Greenland’s central ice cap, which increases at a rate of about two inches a year.Shhh! Don’t tell Al Gore…Thanks to Abu Elvis, Barry Rubin, C. Cantoni, heroyalwhyness, JD, Lexington, LN, RRW, VH, and all the other tipsters [more...]

Date: 2009-01-05 04:27:00

Currency Trading: New Trend of Earning Easy Profit

Want to earn money even with a low investment? Then Currency Trading is perfect for you. Mr. Currency Chills with the Homies ... Forex” with the purpose of making money. The only requirement for this kind of transaction is a credit ... ). Combination of any of these pairs also works. How does FOREX operates? The currency exchange rate [more...]

Date: 2009-01-11 13:46:56

Liquid Fantasies

Where did all the money disappear? Liquid fantasiesby Satyajit DasDecember 15, 2008In recent years, money was cheap and other assets were expensive ... the competitive position of its exporters, China undertakes "currency sterilization" − operations where it issues ... and the investment income on its reserves).The dollars acquired are invested in foreign [more...]

Date: 2009-01-10 03:48:00

Property investors 'should fix eurozone exchange rate'

Property investors considering making purchases in the eurozone have been advised to fix an exchange rate as soon as they have agreed to buy a ... , explained that this means the rate will not change regardless of the date on which payments are due, a factor which could be beneficial considering the recent fall in value of sterling against the euro.... [more...]

Date: 2009-01-07 16:01:08

2009 Top Stock Is Already Looking Up

The lavish praise you see here comes from people just like you.They had a chance to double their money during 2008…making just 17 smart plays.They followed the recommendations of Dan Amoss' Strategic Short Report…bagging gains of 92%…162%…173%…238%…even 462%.And I'm not cherry-picking those numbers [more...]

Date: 2009-01-10 14:07:00

2009 Top Stock Is Already Looking Up

Date: 2009-01-10 14:07:00

2009 Top Stock Is Already Looking Up

Date: 2009-01-10 14:07:00

Bullion metals shine

Gold and silver prices rise for the first time in 2009After three sessions of fall, bullion metal prices ended higher on Tuesday, 06 January, ... -denominated commodities, such as crude oil and gold, which become more expensive for holders of other ... %.On Tuesday, Comex silver futures for March delivery rose 15.5 cents (1.6%) to $11.445 an ounce [more...]

Date: 2009-01-07 03:05:00

ECB Biggest Rate Cut On Record; BOE, Other Central Banks Join Rate Cutting Party

The race to Global ZIRP took another big step forward today as central bankers around the globe cut rates. Let's take a look at the recent action ... basis-point reduction in its main refinancing rate, the most in its 10-year history, while the Bank of England cut its benchmark rate to 2 percent, the lowest level since 1951. The Swedish and Danish [more...]

Date: 2008-12-04 17:15:00

Fear gains power!

Whatever you fear most has no power - it is your fear that has the power.The market is all set to drift further down in the wake of renewed weakness in global markets. US stocks fell on Friday after a government report painted a grim picture for the labour market there. Asian markets have opened lower this morning [more...]

Date: 2009-01-12 03:40:00

Roger Biduk; Commodities Hurting Bay Street at Midday

Roger Biduk writes: Toronto's main stock index was down more than 200 points, hitting its lowest level since Dec 31, on Monday as lower prices for key Canadian commodities such as oil and gold pulled the resource ... oil prices. The materials group buckled as prices for gold and other precious metals slid. Eight [more...]

Date: 2009-01-12 18:08:00

The Euro at Ten

I’m a few days late, but it’s still worth noting that we’ve just passed the 10 year anniversary of the emergence of the Euro ... , with the current exchange rate being €1 = $1.40, I now have some appreciation for the other side of that. ) ... of the Euro - especially in comparison with the US Dollar - in a global economy: The dollar is increasingly [more...]

Date: 2009-01-06 14:38:00

Guysuco organizational structure

Now is the time to make changes to GuySuCo’s organizational structureBY StaffPublished: January 11, 2009 in LettersDear Editor,I do not intend to answer every point made in the letter by EB John on January 8 in the Stabroek News (‘The Guysuco management reconstruction seeks to upgrade performance while diminishing the status of most of the [more...]

Date: 2009-01-11 14:46:00

The Pound records its biggest weekly advance against the Euro on record amid speculation that the UK economy will recover quicker than anticpated

Following on from last week, the Pound enjoyed its biggest weekly advance against the Euro since the single currency’s introduction in 1999, ... of England cut interest rates to just 1.5%, the lowest level in the Central Bank’s history ... that it could steer responsibility on monetary policy away from the Central Bank if rates approach zero per [more...]

Date: 2009-01-12 09:10:06

Incipient Chinese Yuan Depreciation in Context

Plenty of breathless commentary on how Chinese yuan depreciation against the dollar might trigger conflict ... to its biggest one-day decline against the greenback since Beijing began a managed float in 2005. Says Win Thin ... . The current rate is 6.88 to the dollar. The renminbi can float in a trading band of 0.5 [more...]

Date: 2008-12-11 12:11:42

WSF Headline Roundup - 1/8/09 - SEC Probes Pequot again; Wal-Mart warns; India's Enron; Frank: TARP aid for munis; Mtge rates < 5%; BOE cuts rates to lowest since 1694!; Intel warns; Lower '09 metals prices?; Other retailers warn; MGM Mirage to cut debt

SEC Reopens Probe of Trading at Pequot Wal-Mart’s Fourth-Quarter Earnings Will Miss Forecast $1bn fraud at India IT group Satyam Accounting Scandal Erodes Confidence in India As scandal rocks Satyam, rivals may pick off clients U.S. House’s Frank Says TARP Funds Should Aid Muni-Bond Issuers PennyMac, Led by Ex-Countrywide Head, [more...]

Date: 2009-01-08 13:40:42

Steady Diet of Chinese Currency

by The Mogambo Guru I keep watching the steady march of China towards world domination, and their currency (the yuan) ... . Now, "China has said it is to allow some trade with its neighbours to be settled with its currency ... of China's foreign trade is settled in U.S. dollars or the euro, leaving exporters vulnerable [more...]

Date: 2009-01-06 21:30:34

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