July 29, 2005

Restricted renminbi revluation hurts yen in weeks trading

Story link: Restricted renminbi revluation hurts yen in weeks trading

The yen�s performance this week put to rest all the speculation about what effect a revaluation of the renminbi would have on the yen.
The Japanese currency was down 2.1 percent to �197.37 in relation to sterling, lost 1.5 percent to �136.14 against the euro, and fell 0.9 percent to �112.24 in relation to […]

July 26, 2005

Yen weakens as dollar holds solid

Story link: Yen weakens as dollar holds solid

The yen was weaker on the world�s currency markets on Tuesday as the People�s Bank of China said that last week�s small revaluation of its currency was not �a first step� toward further revaluation as many analysts had assumed.
The yen lost 0.8 percent in relation to the US dollar to �112.29, was down […]

July 25, 2005

Chinese central bank prevents renminbi strength

Story link: Chinese central bank prevents renminbi strength

The renminbi strengthened just a bit in relation to the dollar on Monday, rising to Rmb8.1097 to the dollar at the close of trade after going up to Rmb8.1089 during the day.
In after hours trading, however, it was back down to Rmb8.1115. This trend signaled that China does not intend to let […]

July 22, 2005

Asian currencies gain on revaluation

Story link: Asian currencies gain on revaluation

After China�s revaluation of the renminbi to Rmb8.11 to the dollar on Thursday, the South Korean won gained 1.5 percent on the US dollar to Won 1,020, while the Taiwan dollar was up 1.3 percent to T$31.54 against the US dollar. Both those countries also moved to limit gains.
The yen, which was […]

July 21, 2005

Renminbi revaluation helps yen

Story link: Renminbi revaluation helps yen

In reaction to the sudden decision by China to revalue the renminbi, the yen gained 2.1 percent in relation to the US dollar by early afternoon in New York, to stand at �110.06.
Before China�s announcement, the yen had been falling sharply due to rumors of the possibility of early elections in Japan. […]

Peso continues to rise in strength

Story link: Peso continues to rise in strength

The Mexican peso was up by .43 percent in relation to the US dollar on Thursday in midday trading to 10.593 to the dollar in reaction to China�s move to revalue its currency.
The reaction has to do with China�s position as the number two exporter to the United States, a position it took […]

July 20, 2005

Dollar up on Greenspan talk

Story link: Dollar up on Greenspan talk

The dollar was up on Wednesday on Federal Reserve chairman Alan Greenspan�s healthy picture of the US economy in his twice-yearly report to Congress.
Additionally, the Fed increased its forecast for inflation in the US from 1.5 percent to 2 percent for 2005 and from 1.75 percent to 2 percent in 2006.
The […]

July 19, 2005

USD stronger whilse Swiss Franc suffers

Story link: USD stronger whilse Swiss Franc suffers

The US dollar was stronger on Tuesday due in large part to the prospect of further rises in US interest rates. The USD initially gained 0.8 percent to $1.1954 in relation to the euro, but later slipped back slightly to $1.2015.
It hit a 14-month high against the yen when it gained 0.9 […]

July 18, 2005

Yen up despite Marine Day holiday

Story link: Yen up despite Marine Day holiday

The yen was up on Monday, despite closed markets for the Japanese Marine Day holiday, while the US dollar and sterling were generally down.
The yen was helped by falling oil prices as Hurricane Emily lost strength as it crossed Mexico�s Yucatan Peninsula was well as a seeming trend for investors to favor growth-oriented […]

July 14, 2005

USD strong gainst sterling while won continues in strength

Story link: USD strong gainst sterling while won continues in strength

At midday in New York, the dollar was down in relation to the euro, but sterling was down in relation to the dollar.
In the US, new data showed that retail sales were up and inflation steady, leading some analysts to think that the Federal Reserve might pause in its moves in monetary tightening. […]

July 13, 2005

USD strengthens as euro marches on yen

Story link: USD strengthens as euro marches on yen

In New York on Wednesday, the dollar brought it�s five-day losing streak to an end on news that the US trade deficit was smaller, at $55.4 billion, than had been expected in May. The euro fell to $1.209 in relation to the dollar.
The euro, however, managed to gain on the yen as […]

July 12, 2005

ECB warns of inflation as euro stregthens

Story link: ECB warns of inflation as euro stregthens

The euro gained 1.1 percent to $1.2200 in relation to the US dollar on Tuesday, for a two-day gain of 1.9 percent.
This put the dollar at a three-week low against the euro. Some analysts saw the dollar�s decline as a correction rather than a sign of new weakness in the US currency, […]

Brazil currency surges against US dollar

Story link: Brazil currency surges against US dollar

Brazil�s currency has surged to a 39-month high against the US dollar on news of a poll that shows the approval rate of President Luiz Inacio Lula da Silva rising despite the current political scandal.
The Brazilian real, which has gained 13.4 percent against the dollar this year, was up 0.21 percent to R2.336 […]

July 11, 2005

Sterling on rise after London bombings

Story link: Sterling on rise after London bombings

Sterling seemed to be rising above the repercussions of the London bombings of last week, as it gained 0.7 percent to �196.29 in relation to the yen and was up 0.4 percent against the euro to �0.6863.
In these advances, sterling overcame some slightly negative data on core producer prices, which did not move […]

July 8, 2005

Dollar falls from high as sterling reels from bombings

Story link: Dollar falls from high as sterling reels from bombings

The US dollar ended the week at about the same place it began against the euro, closing on Friday at $1.1930 even though it had reached a 13-month high against the European currency earlier in the week.
Payrolls data out of the US were disappointing as figures showed 146,000 jobs were created in June, […]

July 7, 2005

London attacks force safe investment

Story link: London attacks force safe investment

In the currency markets, investors looked for safe investments after the London attacks.
Trade activity went up in London about 9 a.m., calmed down on initial reports that the explosions could have been caused by a power surge, then peaked again around 9:40 a.m. as it began to be increasingly clear that the blasts […]

July 6, 2005

Foreign exchanges remain relative unchanged by economic cheer

Story link: Foreign exchanges remain relative unchanged by economic cheer

The US dollar remained unchanged against the euro on Wednesday, at $1.1907, while it rose 0.4 percent to �112.15, a thirteen-month high against the yen, which remains weak due to rising oil prices.
Better-than-expected non-manufacturing data in the US didn�t have much influence on the value of the dollar in relation to other currencies. […]

July 5, 2005

Sterling and euro falling against dollar

Story link: Sterling and euro falling against dollar

Sterling lost value to the dollar as it stood at $1.7504 on Tuesday, its lowest level in over a year.
The latest retreat comes in anticipation of a 2-day meeting of the Bank of England which begins on Wednesday.
Although the UK is not expected to cut interest rates during this meeting, a […]

July 1, 2005

USD strong on ISM manufacturing index increase

Story link: USD strong on ISM manufacturing index increase

The US dollar was strong on Friday after the release of data from the Institute of Supply Management that showed its manufacturing index up to 53.8 in June when it had not been expected to rise above May�s figure of 51.4.
Another factor in the dollar�s strength were comments from the Federal open market […]


Daily World Currencies News from London		Wednesday 10th of March 2010
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	July 29, 2005 Restricted renminbi revluation hurts yen in weeks trading Story link: Restricted renminbi revluation hurts yen in weeks trading The yen�s performance this week put to rest all the speculation about what effect a revaluation of the renminbi would have on the yen. The Japanese currency was down 2.1 percent to �197.37 in relation to sterling, lost 1.5 percent to �136.14 against the euro, and fell 0.9 percent to �112.24 in relation to […] July 26, 2005 Yen weakens as dollar holds solid Story link: Yen weakens as dollar holds solid The yen was weaker on the world�s currency markets on Tuesday as the People�s Bank of China said that last week�s small revaluation of its currency was not �a first step� toward further revaluation as many analysts had assumed. The yen lost 0.8 percent in relation to the US dollar to �112.29, was down […] July 25, 2005 Chinese central bank prevents renminbi strength Story link: Chinese central bank prevents renminbi strength The renminbi strengthened just a bit in relation to the dollar on Monday, rising to Rmb8.1097 to the dollar at the close of trade after going up to Rmb8.1089 during the day. In after hours trading, however, it was back down to Rmb8.1115. This trend signaled that China does not intend to let […] July 22, 2005 Asian currencies gain on revaluation Story link: Asian currencies gain on revaluation After China�s revaluation of the renminbi to Rmb8.11 to the dollar on Thursday, the South Korean won gained 1.5 percent on the US dollar to Won 1,020, while the Taiwan dollar was up 1.3 percent to T$31.54 against the US dollar. Both those countries also moved to limit gains. The yen, which was […] July 21, 2005 Renminbi revaluation helps yen Story link: Renminbi revaluation helps yen In reaction to the sudden decision by China to revalue the renminbi, the yen gained 2.1 percent in relation to the US dollar by early afternoon in New York, to stand at �110.06. Before China�s announcement, the yen had been falling sharply due to rumors of the possibility of early elections in Japan. […] Peso continues to rise in strength Story link: Peso continues to rise in strength The Mexican peso was up by .43 percent in relation to the US dollar on Thursday in midday trading to 10.593 to the dollar in reaction to China�s move to revalue its currency. The reaction has to do with China�s position as the number two exporter to the United States, a position it took […] July 20, 2005 Dollar up on Greenspan talk Story link: Dollar up on Greenspan talk The dollar was up on Wednesday on Federal Reserve chairman Alan Greenspan�s healthy picture of the US economy in his twice-yearly report to Congress. Additionally, the Fed increased its forecast for inflation in the US from 1.5 percent to 2 percent for 2005 and from 1.75 percent to 2 percent in 2006. The […] July 19, 2005 USD stronger whilse Swiss Franc suffers Story link: USD stronger whilse Swiss Franc suffers The US dollar was stronger on Tuesday due in large part to the prospect of further rises in US interest rates. The USD initially gained 0.8 percent to $1.1954 in relation to the euro, but later slipped back slightly to $1.2015. It hit a 14-month high against the yen when it gained 0.9 […] July 18, 2005 Yen up despite Marine Day holiday Story link: Yen up despite Marine Day holiday The yen was up on Monday, despite closed markets for the Japanese Marine Day holiday, while the US dollar and sterling were generally down. The yen was helped by falling oil prices as Hurricane Emily lost strength as it crossed Mexico�s Yucatan Peninsula was well as a seeming trend for investors to favor growth-oriented […] July 14, 2005 USD strong gainst sterling while won continues in strength Story link: USD strong gainst sterling while won continues in strength At midday in New York, the dollar was down in relation to the euro, but sterling was down in relation to the dollar. In the US, new data showed that retail sales were up and inflation steady, leading some analysts to think that the Federal Reserve might pause in its moves in monetary tightening. […] July 13, 2005 USD strengthens as euro marches on yen Story link: USD strengthens as euro marches on yen In New York on Wednesday, the dollar brought it�s five-day losing streak to an end on news that the US trade deficit was smaller, at $55.4 billion, than had been expected in May. The euro fell to $1.209 in relation to the dollar. The euro, however, managed to gain on the yen as […] July 12, 2005 ECB warns of inflation as euro stregthens Story link: ECB warns of inflation as euro stregthens The euro gained 1.1 percent to $1.2200 in relation to the US dollar on Tuesday, for a two-day gain of 1.9 percent. This put the dollar at a three-week low against the euro. Some analysts saw the dollar�s decline as a correction rather than a sign of new weakness in the US currency, […] Brazil currency surges against US dollar Story link: Brazil currency surges against US dollar Brazil�s currency has surged to a 39-month high against the US dollar on news of a poll that shows the approval rate of President Luiz Inacio Lula da Silva rising despite the current political scandal. The Brazilian real, which has gained 13.4 percent against the dollar this year, was up 0.21 percent to R2.336 […] July 11, 2005 Sterling on rise after London bombings Story link: Sterling on rise after London bombings Sterling seemed to be rising above the repercussions of the London bombings of last week, as it gained 0.7 percent to �196.29 in relation to the yen and was up 0.4 percent against the euro to �0.6863. In these advances, sterling overcame some slightly negative data on core producer prices, which did not move […] July 8, 2005 Dollar falls from high as sterling reels from bombings Story link: Dollar falls from high as sterling reels from bombings The US dollar ended the week at about the same place it began against the euro, closing on Friday at $1.1930 even though it had reached a 13-month high against the European currency earlier in the week. Payrolls data out of the US were disappointing as figures showed 146,000 jobs were created in June, […] July 7, 2005 London attacks force safe investment Story link: London attacks force safe investment In the currency markets, investors looked for safe investments after the London attacks. Trade activity went up in London about 9 a.m., calmed down on initial reports that the explosions could have been caused by a power surge, then peaked again around 9:40 a.m. as it began to be increasingly clear that the blasts […] July 6, 2005 Foreign exchanges remain relative unchanged by economic cheer Story link: Foreign exchanges remain relative unchanged by economic cheer The US dollar remained unchanged against the euro on Wednesday, at $1.1907, while it rose 0.4 percent to �112.15, a thirteen-month high against the yen, which remains weak due to rising oil prices. Better-than-expected non-manufacturing data in the US didn�t have much influence on the value of the dollar in relation to other currencies. […] July 5, 2005 Sterling and euro falling against dollar Story link: Sterling and euro falling against dollar Sterling lost value to the dollar as it stood at $1.7504 on Tuesday, its lowest level in over a year. The latest retreat comes in anticipation of a 2-day meeting of the Bank of England which begins on Wednesday. Although the UK is not expected to cut interest rates during this meeting, a […] July 1, 2005 USD strong on ISM manufacturing index increase Story link: USD strong on ISM manufacturing index increase The US dollar was strong on Friday after the release of data from the Institute of Supply Management that showed its manufacturing index up to 53.8 in June when it had not been expected to rise above May�s figure of 51.4. Another factor in the dollar�s strength were comments from the Federal open market […]
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