Friday, April 4, 2008

Weekend Eye on the U.S. Dollar

Dollar News around the Web


Dollar Falls Versus Euro as Job Losses Raise Recession Concern

The dollar fell against the euro and dropped the most versus the yen in a week as a government report showed the U.S. lost jobs for a third straight month in March, increasing concern the economy is falling into a recession.


U.S. payrolls data push down dollar

The U.S. dollar fell to session lows Friday after the economy lost more jobs than economists had forecast, putting a renewed spotlight on worries about the depth of the U.S. economic downturn.


50 million Zimbabwean dollar is one US dollar

The Reserve Bank of Zimbabwe (RBZ) has introduced a new note worth 50 million Zimbabwean dollar to deal with rampant shortages of cash in an economy that is also grappling with the world's highest inflation rate of over 100,000 percent.


Canadian dollar ends winning week on a lower note

The Canadian dollar closed lower versus the U.S. dollar on Friday as data showed job growth moderated in Canada in March after two solid months, but the currency still ended the week with a 1.2 percent gain.


US dollar futures offer on Indian stock exchange

The US Futures Exchange will start offering today (April 4) the first US-dollar denominated futures contract linked to India’s SENSEX stock index. The USFE has exclusively licensed the Bombay Stock Exchange’s benchmark SENSEX Index for US dollar-denominated futures trading.


The falling dollar and remittances

The impact of the dollar depreciation on remittance flows to developing countries has emerged as a serious subject of study amongst economists and policy analysts. In particular, the impact of remittance flows for the Philippines, Mexico and India, the three countries among the largest remittance-recipients, is of immediate concern for economists and policy planners.


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