May 31, 2005

Euro continues fall after referendum vote

Story link: Euro continues fall after referendum vote

The euro continued its slide on Tuesday on the consequences of France�s rejection of the European Union constitution.
One of those consequences was the naming of a new French prime minister, Dominique de Villepin. Villepin, a less-than-popular choice, is seen as against economic reform and has a reputation as being �confrontational�. In […]

May 25, 2005

Krone continues high as dollar loses slightly

Story link: Krone continues high as dollar loses slightly

The dollar lost 0.2 percent to sterling and the euro on Wednesday, the Canadian dollar fell in relation to the US dollar, and the yen fell in relation to nearly every other major currency.
Meanwhile, the Norwegian krone hit a 20-month high in relation to the euro to stand at NKr8.0435.
The dollar […]

Yen battles in New York

Story link: Yen battles in New York

The yen was up and down all day before it settled just a bit lower in mid-session trading in New York.
It was down 0.3 percent against the euro to �135.72, fell 0.3 percent against sterling to �197.23, and declined 0.1 percent compared to the US dollar to �107.74.
It�s difficulties had to […]

May 24, 2005

US further pressures China on renminbi revaluation

Story link: US further pressures China on renminbi revaluation

The United States has put even more pressure on China to revalue their currency. The US is telling China that if they do not revalue the renminbi by at least 10 percent against the dollar, they face the prospect of trade sanctions being imposed on them.
Senator Charles Schumer has already introduced a bill […]

Forint falls on fifth rate cut

Story link: Forint falls on fifth rate cut

In Eastern Europe, the Hungarian forint fell in relation to the euro on Tuesday, losing 1.2 percent to sit at Ft254.74, an 11-month low.
This drop came after the Hungarian central bank cut interest rates to 7.25 percent. It was the fifth time interest rates have been cut in Hungary this year.
The […]

May 23, 2005

Euro resists European turmoil

Story link: Euro resists European turmoil

Despite an increase in political upheaval in the eurozone, the euro held its own on Monday as it rose a fraction in relation to the US dollar, up to $1.2568.
The euro held the status quo against sterling at �0.6868, and it fell in relation to the yen, but only 0.3 percent to �135.36.
Among […]

May 20, 2005

Dollar surge surprises markets

Story link: Dollar surge surprises markets

A continuing string of recent negative economic news in recent weeks, it was expected by some that the US dollar would end its recent rally. After a stall in the middle of the week, however, the dollar on Friday reached its highest level against the euro since the beginning of the year. It also hit […]

May 19, 2005

Euro slows as dollar bouyed by spending news

Story link: Euro slows as dollar bouyed by spending news

Sterling was up early on Thursday in London on news of positive retail sales, but by mid-session in New York it had fallen slightly. Still, sterling remained up 0.1 percent at $1.8355 in against the US dollar, and it was up 0.2 percent to �0.6875 against the euro.
The euro was having it […]

May 17, 2005

US treasury pressures China on renminibi

Story link: US treasury pressures China on renminibi

The US Treasury has put China on notice that it expects Chinese currency to be revalued within six months.
The challenge came in the Treasury Departments semi-annual report to Congress on exchange rates and trade. According to some US legislators, however, the report does not go nearly far enough because it does not threaten […]

Rand strengthens against dollar

Story link: Rand strengthens against dollar

In South Africa on Tuesday, the rand fell 1.2 percent in relation to the dollar to R6.4259, a seven-month low.
This decline came after the African National Congress announced a desire for a more competitive exchange rate, which it said should be achieved either by �aggressive� purchase of dollar assets while the rand […]

May 16, 2005

Sterling down on housing while dollar surges to brief peak

Story link: Sterling down on housing while dollar surges to brief peak

Sterling was down 0.8 percent in relation to the dollar to $1.8340 at mid-afternoon on Monday. It was also down in relation to the euro, to fall 0.9 percent to �0.6880.
These losses have to do with a report that the growth in prices for British homes has fallen to an annual rate […]

May 13, 2005

Dollar regains against euro and yen

Story link: Dollar regains against euro and yen

The US dollar set a fresh six-month high against the euro in Friday after doing so on Thursday as well.
The dollar was up another 0.4 cents to $1.2634 in relation to the euro on Friday. This was its strongest position since October 21 of last year. It gained 3.2 cents on the euro […]

May 12, 2005

USD up on strong economic news

Story link: USD up on strong economic news

The US dollar was up in relation to a wide variety of currencies in mid-day trading in New York.
Strong retail sales figures added to earlier good news on trade and employment to put the dollar in its strongest position in weeks or months to some currencies.
The dollar was at a six-month […]

May 10, 2005

Sterling impacted by UK consumer spending fall

Story link: Sterling impacted by UK consumer spending fall

In major currencies, sterling hit a one-month low in relation to the US dollar on negative April retails sales reports.
Even though at least part of April�s poor retail performance could be blamed on an early Easter holiday this year, the report still sent sterling down 0.5 percent to $1.8763 against the dollar before […]

New Zealand dollar falls on foot and mouth report

Story link: New Zealand dollar falls on foot and mouth report

The New Zealand dollar fell 0.6 percent in relation to the US dollar, to $0.7257 on Tuesday on a report that foot and mouth disease had been released deliberately on a small island near Auckland.
The kiwi later recovered to $0.7309 amid speculation that the report was a hoax. Similar reports in the […]

May 9, 2005

Political and economic pressure on sterling

Story link: Political and economic pressure on sterling

Calls from some Labor Members of Parliament for British Prime Minister Tony Blair to resign, coupled with poor manufacturing output figures for March in the UK, combined to send sterling down against several currencies on Monday.
Sterling did manage to rise in relation to the yen, but only very slightly, to �198.66. Otherwise, sterling […]

May 6, 2005

Yen trades strong as Sterling down

Story link: Yen trades strong as Sterling down

In currency markets this week, things didn�t go so well for the sterling. It fell 0.5 percent on the week in relation to the euro, and ended the week at �0.6776.
Things were better for the dollar and very good for the yen. News that 100,000 more jobs than expected were created […]

May 5, 2005

Renminbi revaluation speculations continue

Story link: Renminbi revaluation speculations continue

Chinese finance minister Jin Renqing said in Istanbul on Thursday that all the talk about the revaluation of the renminbi was making it very difficult for China to embark on such a course.
This attempt to put a halt to speculation about if or when the Chinese currency will be revalued as the rest […]

May 4, 2005

Dollar makes losses as US interest rates rise

Story link: Dollar makes losses as US interest rates rise

The U.S. dollar fell against a number of world currencies on Wednesday after the U.S. Federal Reserve raised interest rates on Tuesday.
In some areas, speculation over the possible revaluation of Chinese currency also played a part in the dollars fall.
The U.S. dollar fell 0.8 percent against the yen, to �104.21, before […]

May 3, 2005

Australian dollar down as inerest rates expected to stay

Story link: Australian dollar down as inerest rates expected to stay

The Australian dollar fell 0.6c to $0.7742 in relation to the U.S. dollar on Tuesday. It also fell in relation to sterling, to A$2.4421, and was down �0.5 to �81.35 in relation to the yen.
This was mostly due to expectations that the Australian Reserve Bank will not raise interest rates Wednesday.
Most […]


Daily World Currencies News from London		Friday 25th of July 2008
Major Currencies: GBP USD Euro Yen Other Currencies: Australian Dollar Canadian Dollar Czech Koruna Egyptian Pound Forint Israeli Shekel Krona Krone New Zealand Dollar Peso Rand Real Renminbi Rouble Rupee Singapore Dollar Slovak Koruna Swiss franc Turkish Lira Won Zloty	May 31, 2005 Euro continues fall after referendum vote Story link: Euro continues fall after referendum vote The euro continued its slide on Tuesday on the consequences of France�s rejection of the European Union constitution. One of those consequences was the naming of a new French prime minister, Dominique de Villepin. Villepin, a less-than-popular choice, is seen as against economic reform and has a reputation as being �confrontational�. In […] May 25, 2005 Krone continues high as dollar loses slightly Story link: Krone continues high as dollar loses slightly The dollar lost 0.2 percent to sterling and the euro on Wednesday, the Canadian dollar fell in relation to the US dollar, and the yen fell in relation to nearly every other major currency. Meanwhile, the Norwegian krone hit a 20-month high in relation to the euro to stand at NKr8.0435. The dollar […] Yen battles in New York Story link: Yen battles in New York The yen was up and down all day before it settled just a bit lower in mid-session trading in New York. It was down 0.3 percent against the euro to �135.72, fell 0.3 percent against sterling to �197.23, and declined 0.1 percent compared to the US dollar to �107.74. It�s difficulties had to […] May 24, 2005 US further pressures China on renminbi revaluation Story link: US further pressures China on renminbi revaluation The United States has put even more pressure on China to revalue their currency. The US is telling China that if they do not revalue the renminbi by at least 10 percent against the dollar, they face the prospect of trade sanctions being imposed on them. Senator Charles Schumer has already introduced a bill […] Forint falls on fifth rate cut Story link: Forint falls on fifth rate cut In Eastern Europe, the Hungarian forint fell in relation to the euro on Tuesday, losing 1.2 percent to sit at Ft254.74, an 11-month low. This drop came after the Hungarian central bank cut interest rates to 7.25 percent. It was the fifth time interest rates have been cut in Hungary this year. The […] May 23, 2005 Euro resists European turmoil Story link: Euro resists European turmoil Despite an increase in political upheaval in the eurozone, the euro held its own on Monday as it rose a fraction in relation to the US dollar, up to $1.2568. The euro held the status quo against sterling at �0.6868, and it fell in relation to the yen, but only 0.3 percent to �135.36. Among […] May 20, 2005 Dollar surge surprises markets Story link: Dollar surge surprises markets A continuing string of recent negative economic news in recent weeks, it was expected by some that the US dollar would end its recent rally. After a stall in the middle of the week, however, the dollar on Friday reached its highest level against the euro since the beginning of the year. It also hit […] May 19, 2005 Euro slows as dollar bouyed by spending news Story link: Euro slows as dollar bouyed by spending news Sterling was up early on Thursday in London on news of positive retail sales, but by mid-session in New York it had fallen slightly. Still, sterling remained up 0.1 percent at $1.8355 in against the US dollar, and it was up 0.2 percent to �0.6875 against the euro. The euro was having it […] May 17, 2005 US treasury pressures China on renminibi Story link: US treasury pressures China on renminibi The US Treasury has put China on notice that it expects Chinese currency to be revalued within six months. The challenge came in the Treasury Departments semi-annual report to Congress on exchange rates and trade. According to some US legislators, however, the report does not go nearly far enough because it does not threaten […] Rand strengthens against dollar Story link: Rand strengthens against dollar In South Africa on Tuesday, the rand fell 1.2 percent in relation to the dollar to R6.4259, a seven-month low. This decline came after the African National Congress announced a desire for a more competitive exchange rate, which it said should be achieved either by �aggressive� purchase of dollar assets while the rand […] May 16, 2005 Sterling down on housing while dollar surges to brief peak Story link: Sterling down on housing while dollar surges to brief peak Sterling was down 0.8 percent in relation to the dollar to $1.8340 at mid-afternoon on Monday. It was also down in relation to the euro, to fall 0.9 percent to �0.6880. These losses have to do with a report that the growth in prices for British homes has fallen to an annual rate […] May 13, 2005 Dollar regains against euro and yen Story link: Dollar regains against euro and yen The US dollar set a fresh six-month high against the euro in Friday after doing so on Thursday as well. The dollar was up another 0.4 cents to $1.2634 in relation to the euro on Friday. This was its strongest position since October 21 of last year. It gained 3.2 cents on the euro […] May 12, 2005 USD up on strong economic news Story link: USD up on strong economic news The US dollar was up in relation to a wide variety of currencies in mid-day trading in New York. Strong retail sales figures added to earlier good news on trade and employment to put the dollar in its strongest position in weeks or months to some currencies. The dollar was at a six-month […] May 10, 2005 Sterling impacted by UK consumer spending fall Story link: Sterling impacted by UK consumer spending fall In major currencies, sterling hit a one-month low in relation to the US dollar on negative April retails sales reports. Even though at least part of April�s poor retail performance could be blamed on an early Easter holiday this year, the report still sent sterling down 0.5 percent to $1.8763 against the dollar before […] New Zealand dollar falls on foot and mouth report Story link: New Zealand dollar falls on foot and mouth report The New Zealand dollar fell 0.6 percent in relation to the US dollar, to $0.7257 on Tuesday on a report that foot and mouth disease had been released deliberately on a small island near Auckland. The kiwi later recovered to $0.7309 amid speculation that the report was a hoax. Similar reports in the […] May 9, 2005 Political and economic pressure on sterling Story link: Political and economic pressure on sterling Calls from some Labor Members of Parliament for British Prime Minister Tony Blair to resign, coupled with poor manufacturing output figures for March in the UK, combined to send sterling down against several currencies on Monday. Sterling did manage to rise in relation to the yen, but only very slightly, to �198.66. Otherwise, sterling […] May 6, 2005 Yen trades strong as Sterling down Story link: Yen trades strong as Sterling down In currency markets this week, things didn�t go so well for the sterling. It fell 0.5 percent on the week in relation to the euro, and ended the week at �0.6776. Things were better for the dollar and very good for the yen. News that 100,000 more jobs than expected were created […] May 5, 2005 Renminbi revaluation speculations continue Story link: Renminbi revaluation speculations continue Chinese finance minister Jin Renqing said in Istanbul on Thursday that all the talk about the revaluation of the renminbi was making it very difficult for China to embark on such a course. This attempt to put a halt to speculation about if or when the Chinese currency will be revalued as the rest […] May 4, 2005 Dollar makes losses as US interest rates rise Story link: Dollar makes losses as US interest rates rise The U.S. dollar fell against a number of world currencies on Wednesday after the U.S. Federal Reserve raised interest rates on Tuesday. In some areas, speculation over the possible revaluation of Chinese currency also played a part in the dollars fall. The U.S. dollar fell 0.8 percent against the yen, to �104.21, before […] May 3, 2005 Australian dollar down as inerest rates expected to stay Story link: Australian dollar down as inerest rates expected to stay The Australian dollar fell 0.6c to $0.7742 in relation to the U.S. dollar on Tuesday. It also fell in relation to sterling, to A$2.4421, and was down �0.5 to �81.35 in relation to the yen. This was mostly due to expectations that the Australian Reserve Bank will not raise interest rates Wednesday. Most […] Next Page »
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