Daily Forex News
 
Daily World Currencies News from London
Saturday 13th of March 2010
August 31, 2005

US dollar weaker against euro, sterling; Asian currencies weaker on high oil prices

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US dollar weaker against euro, sterling; Asian currencies weaker on high oil prices

At midday in New York on Wednesday, the US dollar was down in relation to both the euro and sterling. This weakness was partly due to an unexpected decline in business confidence in the US. The Chicago Purchasing Manager’s index was down to 49.2 in August, well below the expected level of 61.5 […]



August 30, 2005

Asian currencies down in relation to US dollar; sterling lower

Story link: Asian currencies down in relation to US dollar; sterling lower


Asian currencies down in relation to US dollar; sterling lower

Asian currencies were down in relation to the US dollar on Tuesday. The yen fell 0.8 percent against the greenback to ¥111.54, besides falling 0.6 percent to ¥136.06 in relation to the euro. The yen’s problems seemed to be stem from weak economic data. Unemployment in Japan was up to 4.4 percent […]



August 29, 2005

Currencies feel the effect of Hurricane Katrina

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Currencies feel the effect of Hurricane Katrina

Analysts advised caution in currency trading on Monday due to the global effects expected from Hurricane Katrina, one of the largest storms that has ever hit the United States. Still trade was lively despite the closure of UK markets for a bank holiday. The UK accounts for about one-third of all activity in […]



August 26, 2005

Euro, yen gain on week

Story link: Euro, yen gain on week


Euro, yen gain on week

The euro was stronger on the week in anticipation of upcoming elections in Germany, where some analysts predict that a victory by the center-right Christian Democratic Union would bring needed structural reforms in that country and also encourage reform in places like Italy and France. Much higher portfolio inflows, reported earlier in the week, […]



August 25, 2005

Canadian dollar at eight-month high against US dollar

Story link: Canadian dollar at eight-month high against US dollar


Canadian dollar at eight-month high against US dollar

The euro had a strong start in European trade on Thursday, rising to $1.2323 in relation to the US dollar before falling back to $1.228 by midday in New York. The retreat was due to the release of Ifo’s index of business sentiment figures, which showed German sentiment lower than had been anticipated. […]



August 24, 2005

Sterling and yen weaker; US dollar mixed

Story link: Sterling and yen weaker; US dollar mixed


Sterling and yen weaker; US dollar mixed

Sterling was weaker on Wednesday as factory orders fell in August, down 9 points compared to July and 11 points worse than had been expected.
The UK currency lost 0.3 percent to £0.6813 in relation to the euro, fell 0.4 percent to SFr2.2783 against the Swiss franc, and was down fractionally to $1.7979 in relation to […]



August 23, 2005

Canadian dollar strengthens; most other currencies see little movement

Story link: Canadian dollar strengthens; most other currencies see little movement


Canadian dollar strengthens; most other currencies see little movement

The summer doldrums have hit the currency markets as most currencies saw little movement on Tuesday.
Only the Canadian dollar seemed to move very much at all as it gained 0.3 percent on the US dollar to C$1.1981. The strength of the Canadian dollar was mostly spurred on by mergers and acquisitions that set the […]



August 22, 2005

Euro stronger on equity inflows data; US dollar weaker

Story link: Euro stronger on equity inflows data; US dollar weaker


Euro stronger on equity inflows data; US dollar weaker

The euro staged a bit of a recovery on Monday on data showing portfolio inflows rising to €105.1 billion in June, much higher than the €22.7 billion in inflows in May. This was the highest level of equity inflow into the eurozone since the euro was created in 1999. Analysts feel that the […]



August 19, 2005

US dollar ends week strong; euro down

Story link: US dollar ends week strong; euro down


US dollar ends week strong; euro down

The US dollar rallied this week as a result of both positive economic data and technical factors. Among the good news for the dollar was the fact that capital inflows were up, calming worries about financing the external debt. In addition, figures were released that showed US manufacturing has remained strong.
Another factor in […]



August 18, 2005

US dollar stronger on business activity index rise; sterling mixed

Story link: US dollar stronger on business activity index rise; sterling mixed


US dollar stronger on business activity index rise; sterling mixed

The US dollar was up in relation to the euro for the fifth trading session in a row on Thursday on continuing expectations that US interest rates will keep rising.
The Federal Reserve Bank of Philadelphia’s business activity index rose to 17.5 in August, above July’s 9.6 and also above its expected level of 12.3. […]



August 17, 2005

Sterling gains on release of BofE minutes

Story link: Sterling gains on release of BofE minutes


Sterling gains on release of BofE minutes

Sterling gained 0.5 percent on the euro on Wednesday, to £0.6790, to reach its highest level against the shared currency since before the London bombings on July 7.
The gain was due largely to reaction to the release of the Bank of England’s monetary policy committee report that showed a close vote on this month’s interest […]



August 16, 2005

Sterling gains against euro but loses to US dollar

Story link: Sterling gains against euro but loses to US dollar


Sterling gains against euro but loses to US dollar

Sterling gained ground against the euro on Tuesday, held its own against the yen, but fell slightly in relation to the US dollar. Consumer price inflation in the UK was reported to be up to 2.3 percent in July, above the forecast level of 2.1 percent, after sitting at 2 percent in June. […]



August 15, 2005

USD rallies while yen stronger

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USD rallies while yen stronger

The US dollar rallied a bit on Monday, gaining value in relation to the euro and the Swiss franc, but it lost some ground to the yen.
The dollar gained 0.5 percent to $1.2375 by mid-day on Monday and it was up 0.5 percent as well against the Swiss franc, to SFr1.2536. It […]



August 12, 2005

US Dollar weakens against world currencies

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US Dollar weakens against world currencies

Despite a spike of 0.7 percent against the euro upon the release of US trade data on Friday, the US dollar weakened this week against most major world currencies.
The dollar lost 0.7 percent over all this week in relation to the euro, to $1.2424, fell 2.2 percent to ¥109.51 against the yen, declined […]



August 11, 2005

Dollar loses stength again as outlook looks weak

Story link: Dollar loses stength again as outlook looks weak


Dollar loses stength again as outlook looks weak

The US dollar weakened yet again on Thursday as investors waited for US trade figures that are scheduled to be released on Friday.
Analysts seem to feel that the dollar’s failure to gain strength even in the face of recent relatively strong economic data points to structural factors such as the deficits, are affecting […]



August 10, 2005

Yen stronger on investor confidence as rand and real also rise against USD

Story link: Yen stronger on investor confidence as rand and real also rise against USD


Yen stronger on investor confidence as rand and real also rise against USD

The yen was stronger on Wednesday on surging equities markets, signs of strength in the Japanese economy, and on the possibility that Prime Minister Junichiro Koizumi may yet come out the winner in September’s elections.
Polls in Japanese newspapers showed that Mr. Koizumi’s approval ratings were up and that the majority of those responding […]



August 9, 2005

US dollar weakens despite interest rate rise

Story link: US dollar weakens despite interest rate rise


US dollar weakens despite interest rate rise

The US dollar weakened on Tuesday as the Federal Reserve raised US interest rates by a quarter of a percentage point to 3.5 percent. The greenback fell in relation to major currencies.
In late trading in New York the euro stood at $1.2343 in relation to the dollar. The euro was helped […]



August 8, 2005

Election call fails to hurt yen

Story link: Election call fails to hurt yen


Election call fails to hurt yen

The Japanese yen remained unchanged against both the US dollar and the euro on Monday despite the decision by Japanese Prime Minister Junichiro Koizumi to call snap elections after his post office privatization legislation failed to pass in the upper house of parliament.
The yen sat at ¥111.80 in relation to the US dollar […]



August 5, 2005

Yen continues to weaken on privatization plan concerns

Story link: Yen continues to weaken on privatization plan concerns


Yen continues to weaken on privatization plan concerns

The yen weakened even more on Friday, mostly on worries about the consequences to political stability should Prime Minister Junichiro Koizumi’s post office privatization plan not be approved by the upper house of Japan’s parliament when it votes on the measure next week.
Concern became even more acute after the vote was delayed from […]



August 4, 2005

Yen falls on fears for Koizumi government

Story link: Yen falls on fears for Koizumi government


Yen falls on fears for Koizumi government

The value of the yen declined again in relation to several major currencies on Thursday amid heightened concerns that the Koizumi government is close to collapse over the issue of post office privatization.
A vote on the issue in the upper house of the Japanese parliament that was scheduled for Friday has been put […]




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