At the beginning of 2015, it raised the price of the OnePlus One by 50 euros ($ 55) when the euro hit a nine -
year low against the dollar.
The British pound plunged more than 10 percent the day after the vote, flirting with a 31 -
year low against the dollar.
«The fall in the euro has definitely had an effect,» she added as the euro fell further towards a 12 -
year low against the dollar.
On the first day of 2017, the Euro fell to a 14 -
year low against the dollar.
Editor's note: The below is a fictional letter by an imagined banker on how the foreign exchange market looks from London's financial district at the end of a week when the pound slumped to a 31 -
year low against the dollar, rounded off by a humiliating «flash crash» of 6 % in overnight trading on Friday.
The British pound hit a new seven -
year low against the dollar after Bank of England Governor Mark Carney on Tuesday ruled out an interest rate rise any time soon.
In response to the vote, the British pound had collapsed to a 31 -
year low against the US dollar, falling below $ 1.35, while stock futures were collapsing with US futures off more than 3.5 % while London's FTSE 100 down almost 9 %.
But the figures are further illustration of how even an ultra-loose monetary policy from the European Central Bank, which has driven the euro to a 12 -
year low against the dollar this year, still hasn't created a self - sustaining recovery in the region.
One thought here is the ongoing situation with Chinese outflows, with data overnight showing their FX reserves dropping the most in 10 months... as such we see the Yuan at 8
year lows against the Dollar.
But South Korea has cut interest rates to record lows, bringing the won back down to five -
year lows against the U.S. dollar and boosting exports.
(Cryptos are a popular way for mainland investors to diversify away from a volatile yuan, which fell to more than eight -
year lows against the dollar in 2016.)
Not exact matches
On Friday, the dollar index was up 4 % from its
lows of the
year hit on February 16, as traders found it increasingly expensive to bet
against the dollar's decline.
As a result, the value of the Russian currency, the ruble, has deteriorated by 30 %
against the dollar so far this
year, routinely hitting new record
lows along the way.
Weighed
against unemployment, which has dropped to a 16 -
year low at 4.1 percent, that weakness has puzzled economists and made some policy makers declare the Fed should hold off on additional rate increases until prices respond more briskly.
They're paying the
lowest premium in nearly three
years to protect
against a 10 % decline in Nvidia's stock over the next three months, relative to bets on a 10 % increase, according to data compiled by Bloomberg.
The euro hit a new 9 -
year low of $ 1.1894
against the dollar in response.
In Russia, the RTS index was down 3.7 % by lunchtime in Moscow, close to a seven -
year low, as the ruble hit a new
low against the dollar.
The euro fell to its
lowest level
against the dollar in nine
years Monday, driven by fears of political turmoil in Greece and hopes for more monetary stimulus from the European Central Bank.
It's also worth noting that while USCIS says it saw a drop in the total number of H - 1B applications this
year, it has also warned
against filing multiple petitions for a single worker, which could explain the
lower number.
The ringgit has lost a quarter of its value
against the U.S. dollar this
year and fallen to its
lowest levels since the Asian financial crisis 17
years ago.
The euro has already lost nearly 6 %
against the dollar since Draghi's October press conference, and is already trading close to the 12 -
year low it posted back in March.
Meanwhile, Ukraine's hryvnia has dropped nearly 80 percent
against the greenback this
year, to trade at 15,7085 per $ 1 on Monday, off last month's all - time
low of 15,8817, weighed by tensions between government forces and rebels in the country's eastern regions.
Against this backdrop of delayed rebalancing, we now see oil prices fluctuating around current levels, in a
lower range than we had expected earlier this
year.
As I said, the greenback's been on the decline for most of the
year so far, but it slumped to a 13 - month
low against the euro last week following European Central Bank (ECB) president Mario Draghi's remark that «monetary accommodation» would continue in the European Union (EU) until at least the end of the
year.
(CNN)-- Changes to a decades - old federal program that provides birth control and other reproductive health care services to millions of
low - income people each
year prompted lawsuits that were filed
against the Trump administration Wednesday.
The last time the G - 20 issued such a firm statement
against currency wars Japan was in the spotlight as its campaign of monetary stimulus pushed the yen to its
lowest level
against the dollar in about five
years.
The lira, one of the worst - performing emerging market currencies this
year, weakened to a record
low of 4.2487
against the dollar, from Wednesday's close of 4.1785.
The euro, which had already been near its
lowest level in 11
years on expectations of action by the central bank, weakened further
against the dollar, falling about 1 percent to around $ 1.14, a move that could help European exporters.
The uneven regional trends are playing out
against the backdrop of the
lowest mortgage rates of the
year.
«The leg - up in the US 10 -
year yield since April 18 has lifted the US dollar and caused most of the major - economy exchange rates to decline, and test the
lower - end of their recent ranges
against the US dollar,» he noted.
Relative to the five -
year average, Korean credit default swaps, the cost of insuring
against defaults, is 3 basis points (hundredths of a percentage point) higher while the Korean Won is 3 %
lower.
The pound also fell to a fresh 31 -
year -
low against the dollar early Tuesday.
The Australian Dollar pushed below critical support of 75 cents, to near a one -
year low of $ 0.7472
against a rising US Dollar.
And now there's a new challenge: Canada's inflation is rising at the fastest pace in seven
years, while at the same time, the jobless rate is at the
lowest in four decades and the expansion is running up
against capacity.
This prolonged a surge in global financial markets over the last two
years, occurring
against a backdrop of
low growth and unusually accommodative monetary policies in advanced economies.
Against a backdrop of deflation around the world, China's producer price index and purchase price index have been dropping for several
years, and the latter is
lower than the producer price index, further indicating that China shouldered the external deflationary pressure.
While we don't expect to grow same - restaurant guest counts versus last
year since we are up
against the very significant increase we achieved last
year, we do expect this promotion to be more profitable for guests this
year because of
lower seafood costs.
Let's take a look at some of the key fundamentals that have kept gold prices on a tight leash during the last few
years against the backdrop of a sharp correction in the equities markets, rising inflation, geopolitical unrest and the likely end of an era of
low interest rates.
BHP Billiton VP Huw McKay explains that, despite recent weakness, owing to slowing demand, and
against most predictions, to date, the price of the steelmaking raw material is still up 31 %, having retreated from a surge of 52 %, after near - decade
lows, in December last
year.
The overall picture is one in which both growth and inflation will remain subdued
against the backdrop of very
low money and credit growth during the past few
years.
In the final three months of last
year the US dollar declined by 8 per cent
against the euro and 7 per cent
against the yen, to be around its
lowest level in the past decade.
The precious metal is currently trading around a 10 - month
low against the US dollar in an environment where several US rate hikes are expected next
year.
The single currency dropped 1.1 %
against the dollar Thursday after data showed that inflation in the euro zone fell to a near four -
year low in October.
This
year Goldman is packaging hybrid FX derivatives that allow clients to hedge
against a risk of dollar - denominated interest rates remaining
low.
«Even though the economy will be slowing, we still think the unemployment rate is likely to fall further next
year — and that means we're going to be pushing up
against the
lowest unemployment rates in decades in this country,» Porter added.
No confirmation from the ECB itself yet, but the euro has fallen to its
lowest level
against the dollar in more than 11
years.
The Mexican peso continued to rebound from its all - time
low against the US dollar of around 22 pesos, reached soon after the start of this
year.
The lackluster employment report, coupled with the attack
against Syria, helped push US 10 -
year Treasury notes to 2.28 %, their
lowest intraday yield of 2017, on Friday morning.
The euro plunged from near two -
year highs to a six - week
low against the dollar in early November, after weak inflation figures stoked fears about demand in the 17 - member economy, according to Nawaz Ali, UK market analyst at Western Union Business Solutions.
An appeals court in Sudan ruled that a
lower court's judgment
against the 27 -
year - old was faulty, her lawyer, Mohaned Mustafa El - Nour, said Monday.