Skip navigation
Watchlist Sponsored By :


Current DateTime: 09:03:07 23 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Fashion Show.

  • Smartphone Guide

      Here's a need-to-know guide to nine devices, based on features, price, network and platform.

  • Wines for the Holidays

      Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES


Current DateTime: 09:03:07 23 Nov 2009
LinksList Documentid: 33793611
  • How Much Do You Know About Green?

      Green has become part of our everyday lives. Green is everywhere-- energy, clothing, food, housing, transportation. It's a big business and a global business.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?


Current DateTime: 09:03:07 23 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
By: Reuters | 31 Oct 2007 | 02:57 PM ET
Text Size

The dollar [JPY-TN  Loading...      ()   ] fell to a record low against the euro after the Federal Reserve cut its benchmark interest rate by a quarter-percentage point and said the pace of economic growth will slow this year.

The euro [EUR-TN  Loading...      ()   ]jumped to $1.4494, a record high and up 0.4 percent on the day, according to Reuters data.

Dollar and Euro

The dollar fell against the yen, trading at about 114.95 yen against about 115.25 yen shortly prior.

The dollar had gained earlier after a stronger-than expected U.S. private-sector jobs report and advanced estimates showed the economy grew at its fastest pace in the third quarter since the beginning of last year.

But gains reversed on nervousness about the decision by the Fed's policy-making Federal Open Market Committee later in the day and a subpar reading of October business activity in the U.S. Midwest.

The Australian dollar rose to a 23-year high against the U.S. dollar after the cut encouraged investors to buy higher-yielding currencies.

The Australian dollar jumped to US$0.9328, the highest since 1984, according to Reuters data. The currency has gained 18 percent so far versus the greenback since the beginning of the year.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
  • The show attracts a big TV audience every year, but this year it may take on even more importance.
  • …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
  • Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
  • A Macau casino will open Asia's first Michael Jackson shrine after its owners made a key purchase at a US auction.
  • CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
ADD COMMENTS
Remaining characters


Current DateTime: 06:27:23 23 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 06:27:23 23 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 06:27:23 23 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 08:48:53 23 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters