The euro tumbled to a five-month low point against the dollar onh Friday on fading prospects of an ...

The euro fell to a five-month low against the dollar in Asian trade Friday on fading prospects of ...

SHANGHAI, August 7, 2008 (AFP) - China has updated key foreign exchange rules for the first time in 11 years, hoping to step up monitoring of fund flows and limit growth of its massive foreign exchange reserves, the government said.

The rules allow foreign companies to issue securities in China, according to a statement posted late Wednesday on the central government website.

TOKYO, August 7, 2008 (AFP) - The yen stayed near a seven-month low against the dollar in Asian trade Thursday amid growing fears that Japan is entering into a recession, dealers said.

The dollar was at 109.41 yen in Tokyo morning trade against 109.76 in New York late Wednesday, when it touched a seven-month high of 109.87 yen.

FRANKFURT, August 7, 2008 (AFP) - Eurozone interest rates will likely remain on hold Thursday as ECB governors get to grips with both rising inflation and a possibility the 15-nation bloc could be heading for recession.

LONDON, August 6, 2008 (AFP) - The dollar rose against the yen but slid against the euro on Wednesday, the eve of an interest rate decision by the European Central Bank.

In late morning London trading, the European single currency firmed to 1.5476 dollars from 1.5454 in New York late on Tuesday.

TOKYO, August 6, 2008 (AFP) - The dollar hit a seven-week high against the yen in Asia on Wednesday but slipped against the euro as traders bet that eurozone interest rates will stay at a seven-year high this week to fight inflation.

The dollar rose to 108.44 yen in Tokyo afternoon trade from 108.36 in New York late on Tuesday. At one point it touched 108.48.

TOKYO, August 6, 2008 (AFP) - The dollar was little changed in Asian trade Wednesday as traders looked ahead to European interest rate decisions after the Federal Reserve left US borrowing costs on hold, dealers said.

NEW YORK, August 4, 2008 (AFP) - The dollar was mixed against other major currencies Monday one day ahead of a Federal Reserve meeting at which the US central bank is widely expected to keep its key interest rate unchanged.

LONDON, August 4, 2008 (AFP) - The dollar wilted against the euro Monday ahead of an expected Federal Reserve decision to leave US interest rates on hold and on news that US consumer spending cooled in June.

The single European currency in late European trade was at 1.5570 dollars against 1.5555 late Friday in New York.