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Foreign Exchange Markets

Financial crisis Pound at lowest level against dollar in five years

The pound has slumped to its lowest level against the dollar in five years as mounting fears over the health of the UK economy sent sterling crashing. Just three months after surging above $2.10 to the pound, the past few weeks...

Risk aversion boosts yen and dollar

Risk appetite vanished from the currency markets once more on Friday, as plummeting equities sent investors into panic, scrambling from high-yielding currencies and flocking to the perceived safe havens of the yen and the dollar

Diary of a private investor How bad are these bad times?

Those of us who remained relatively complacent about the outlook for shares until even a couple of months ago – and I include myself – have had it knocked out of us. Before that, people may remember that the early 1990s were a...

Loonie Takes Steepest One-Day Dive Ever

By David Paddon, The Canadian Press The loonie posted its biggest one-day decline on record Friday, falling almost five cents against the American dollar amid tremendous financial upheaval around the world. The fall of the...

U.S. dollar index touches 15-month high as G7 meets

NEW YORK (Reuters) - The U.S. dollar surged to a 15-month high against a basket of other major currencies on Friday as plunging stocks and persistently tight credit markets prompted investors to scramble for cash in the world's...

Currencies: Dollar set for weekly gains against most rivals; yen soars

Dollar set for weekly gains vs. most rivals Yen firms amid risk aversion; pound bears brunt of sell-off SAN FRANCISCO (MarketWatch) -- The dollar was on track to post strong weekly gains against most major rivals amid global...

Mexico auctions off more foreign reserves for peso

Mexico's central bank has auctioned off another US$3 billion in foreign reserves, its third auction of the day in an increasingly aggressive bid to push the peso stronger. In all, the bank sold off $6.4 billion.

Isolated Iceland wonders who to turn to for help

Isolated Iceland wonders who to turn to for help : As this tiny, volcanic nation in the middle of the North Atlantic finds itself cut off from the outside world, Icelanders are wondering who, if anyone, will sail to their...

TSX sheds 300 points as loonie plummets

CTV.ca News Staff The Toronto stock exchange was down more than 300 points Friday as the loonie suffered one of its worst days ever. At its lowest point, the Canadian dollar fell nearly four cents against the U.S. dollar, to...

Loonie falls 2.4 cents in early trading despite good economic news

TORONTO - Dropping oil prices and economic instability knocked the stuffing out of the loonie Friday, dragging down the currency to one of its biggest daily losses ever. The Canadian dollar dropped...

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