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Last Updated: Jun 25th, 2007 - 17:07:26 |
Economy
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Currency Commentaries
Iran Announces Switch from Dollars to Euros
Iran announced it has ordered the central bank to use euros for foreign transactions and transform the state's dollar-denominated assets held abroad into the single European currency.
Dec 18, 2006, 23:42
Economy
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Currency Commentaries
Dollar's decline practically ensures gold's rise
In the currency world, the dollar is often referred to as "invincible" or a "flight to quality" instrument. Don't bet on it.
May 28, 2006, 12:27
Economy
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Currency Commentaries
Central bankers are backing plan to devalue U.S. dollar
On Friday the dollar plunged to a 12-month low. With sterling close to $1.90 and further dollar falls likely, we could soon see a $2 pound.
May 15, 2006, 10:07
Economy
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Currency Commentaries
Is Asia preparing to dump dollar peg?
Finance ministers of China, Japan, and South Korea recently got together with their counterparts from the Association of Southeast Asian Nations, or Asean. The 13-nation group said it would sponsor a research project, titled "Toward greater financial stability in the Asian region: Exploring steps to
create regional monetary units."
May 8, 2006, 06:30
Economy
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Currency Commentaries
Arab Central Banks Move Assets Out of Dollar
Middle Eastern anger over the decision by the US to block a Dubai company from buying five of its ports hit the dollar yesterday as a number of central banks said they were considering switching reserves into euros.
Mar 14, 2006, 10:03
Economy
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Currency Commentaries
Envy of the world...for how much longer?
Last week the US Bureau of Labor Statistics re-benchmarked the payroll jobs data back to 2000. Thanks to Charles McMillion of MBG Information Services, we have adjusted data from January 2001 through January 2006. If you are worried about terrorists, you don't know what worry is.
Feb 15, 2006, 15:47
Economy
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Currency Commentaries
Trading oil in euros – does it matter?
Commentators have suggested that Iran’s real Iranian threat to the US and its economy is that, in defiance of the US administration, it is attempting to establish an oil ‘bourse’ (exchange) in March of this year which would enable oil to be traded in euros.
Jan 31, 2006, 10:37
Economy
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Currency Commentaries
A Thought for your Pennies?
For just the second time since 1793, when the U.S.government authorized the minting of one-cent coins, a penny is worth more than one cent because the price of copper has skyrocketed to historic highs.
Jan 30, 2006, 10:58
Economy
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Currency Commentaries
Iranian assets headed for S E Asia?
Iran is transferring its assets from European accounts to other foreign banks to try to pre-empt possible United Nations sanctions over its nuclear programme.
Jan 21, 2006, 11:07
Economy
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Currency Commentaries
China Losing Confidence in the Dollar
China has grown worried about tying its savings so closely to the dollar, a currency that many economists think is due for a fall.
Jan 10, 2006, 10:17
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