Dollar Hits Another Low Against Euro

Dollar Hits Another Low Against Euro
Newsday - NEW YORK - The U.S. dollar dropped to a record low against the euro for a sixth consecutive session Thursday, sagging under expectations of a U.S. Federal Reserve rate cut next month. The dollar has skidded to new lows against the European currency

Babcock & Brown, Coca-Cola Amatil: Australian Stock Preview
Bloomberg - Crude oil rose more than $2 a barrel after the U.S. currency fell to a record low against the euro, boosting the appeal of commodities as alternative investments. Investors purchased oil on speculation a U.S. report showing a drop in new

Oil surges to fresh highs on storm threat
News.com.au - The weak dollar was also lending support to oil prices as foreign investors find it cheaper to invest in the dollar-denominated commodity, analysts noted. Earlier today, the US currency plunged against the euro to a fresh all-time low point of 1.4189

New Zealand Economic Growth Slows Less Than Expected (Update2)
Bloomberg - New Zealand's currency and bank-bill yields rose as investors reduced bets that Bollard will cut rates. ``The Reserve Bank's right at the top end of the inflation target band and they've got no room to accommodate upside surprises,'' said

Yen Little Changed Against Dollar, Euro After Japan Price Data
Bloomberg - The yen is a weak currency,'' said Tsutomu Soma, a bond and currency dealer at Okasan Securities Co. in Tokyo. ``Consumer price data may confirm that overseas assets will remain attractive. Some banks are even bringing forward the launch of new