September 30, 2005

Euro stronger; US dollar strong; yen weaker on mixed data

Story link: Euro stronger; US dollar strong; yen weaker on mixed data

The US dollar was stronger on the week based largely on comments by various Federal Reserve officials that interest rates in the US will continue to rise despite the effects of Hurricanes Katrina and Rita. In fact, some, including Philadelphia Fed president Anthony Santomero, have suggested that reconstruction after the hurricanes would benefit the […]

September 29, 2005

Yen, Canadian and New Zealand dollars up, European currencies nearly flat

Story link: Yen, Canadian and New Zealand dollars up, European currencies nearly flat

The Japanese yen was helped on Thursday by a new high on the Nikkei and strong retails sales figures in August, although there have been indications that investors are getting a bit nervous due to the recent string of substantial gains in the equities markets.
The yen was up 0.2 percent to �135.83 versus the euro […]

September 28, 2005

US dollar, sterling mixed; Eastern European currencies down

Story link: US dollar, sterling mixed; Eastern European currencies down

The US dollar saw slightly mixed results on Wednesday, falling fractionally to $1.2010 in relation to the euro and ending flat against the yen at �113.29 after having fallen to �112.88 earlier in the day.
Sentiment about the dollar and the effect that Hurricane Katrina will ultimately have on it, however, has turned from dollar-negative in […]

September 27, 2005

US dollar higher despite mixed news; euro gains on yen

Story link: US dollar higher despite mixed news; euro gains on yen

The US dollar was stronger on Tuesday on comments by the president of the Kansas City Federal Reserve and the Chicago Fed�s president which indicated that more interest rate hikes are forthcoming in order to keep interest rates in check. However there were mixed signals on the issue as Ben Bernanke, the head of […]

September 26, 2005

US dollar slightly stronger; Asian currencies lower

Story link: US dollar slightly stronger; Asian currencies lower

The US dollar gained 0.1 percent to $1.2056 in relation to the euro on Monday, and it was also up 0.1 percent to �112.26 versus the yen.
The dollar�s strength was based on a sense of relief that the damage caused by Hurricane Rita was less than many had feared it would be, and especially that […]

September 23, 2005

China changes rules on renminbi; US dollar stronger on week

Story link: China changes rules on renminbi; US dollar stronger on week

On Friday, China�s central bank widened to 3 percent the band in which the renminbi may trade against non-dollar currencies, reducing the need for the bank to interfere in the currency markets. The move came on the same day as the G7 nations meet, lessening the chance that they will again urge China to […]

September 22, 2005

Euro weaker on low bond yields; sterling down; US dollar effected by new hurricane

Story link: Euro weaker on low bond yields; sterling down; US dollar effected by new hurricane

The euro was not able to hold early gains against the US dollar on Thursday after bond yields in Europe fell to an all-time low, below 3 percent. Lingering uncertainty following the elections in Germany also had an effect, as did the resignation of Italy�s finance minister.
The euro had been up to $1.2269 in […]

September 21, 2005

Canadian dollar hits record high; US dollar weaker on weather concerns; sterling mixed

Story link: Canadian dollar hits record high; US dollar weaker on weather concerns; sterling mixed

The US dollar was weaker on Wednesday on concerns that Hurricane Rita could lead to further economic disruption on top of that caused by Hurricane Katrina as well as further disruption to the US oil supply. Another spike in prices for crude oil and oil products did not help the dollar�s position, especially after […]

September 20, 2005

US dollar stronger after Fed raises interest rates again

Story link: US dollar stronger after Fed raises interest rates again

The US dollar was stronger Tuesday after the US Federal Reserve did as most analysts expected it would and raised interest rates by 25 basis points to 3.75 percent. It was the eleventh meeting in a row that the Fed had raised interest rates.
The statement from the Federal Open Market Committee that accompanied the […]

September 19, 2005

Election results hurt euro, NZ dollar; investors await US Fed decision; Canadian dollar up

Story link: Election results hurt euro, NZ dollar; investors await US Fed decision; Canadian dollar up

The euro was down on Monday as a result of the outcome of Sunday�s election in Germany. The election ended, as predicted, without a clear majority for any party. Both the Christian Democrats and the Social Democrats were claiming a mandate to rule despite the fact that the Christian Democrats won only three […]

September 16, 2005

Strong week for US dollar; election worries weaken euro

Story link: Strong week for US dollar; election worries weaken euro

The euro was weaker this week, losing 1.5 percent against the US dollar, to sit at $1.2216 in late afternoon trade in London on Friday. Investors continue to worry about the outcome of German elections scheduled for this weekend. With the possibility that no party will gain a majority of the vote, the […]

September 15, 2005

Sterling weak on slow retail sales; dollar gains despite economic news

Story link: Sterling weak on slow retail sales; dollar gains despite economic news

Sterling was weak on Thursday as retail sales in August were reported flat after a revised decline of 0.6 percent in July. These figures have triggered some speculation that the Bank of England will have to cut interest rates again in order to get consumers to spend their money.
Sterling lost 1.2 percent to $1.8058 […]

September 14, 2005

Yen still riding post-election high; US dollar moves little

Story link: Yen still riding post-election high; US dollar moves little

The news that US retail sales was slower than expected overall in August did not have too much of an effect on the US dollar on Wednesday. The fact that most of the decline was accounted for by a large decline in automobile sales and that most other sectors actually saw gains in sales […]

September 13, 2005

US dollar up; yen hit by profit-taking

Story link: US dollar up; yen hit by profit-taking

The US dollar was stronger on Tuesday on US trade deficit data that was not as bad as had been expected. It had been predicted to be just under $60 billion in July, but ended up being $57.9 billion on the month. Non-oil imports were down, which helped keep the deficit limited.
Even before […]

September 12, 2005

Election news sends yen up, euro lower

Story link: Election news sends yen up, euro lower

The yen was up on Monday in the wake of a landslide victory for Prime Minister Junichiro Koizumi and his ruling Liberal Democratic party on Sunday in parliamentary elections, giving the party a larger majority than it had before the election. Also helping the yen was an upward revision of the second quarter gross […]

September 8, 2005

Euro weaker on pre-election news, yen down on outflows, trade

Story link: Euro weaker on pre-election news, yen down on outflows, trade

The euro was mixed but mostly weaker on Thursday. Part of its weakness had to do with the results of a poll out of Germany implying that the center-right Christian Democrats and their allies are losing popularity to the Social Democrats ahead of parliamentary elections slated for September 18. The worry is that […]

September 7, 2005

Sterling, US dollar gain on euro and yen

Story link: Sterling, US dollar gain on euro and yen

In an up-and-down day, the US dollar managed to be slightly stronger by the middle of the trading day on Wednesday. The downward trend of oil prices helped the greenback gain strength, as did the changing probabilities that the Federal Reserve would raise interest rates again this year.
Before Hurricane Katrina, virtually all analysts […]

September 6, 2005

US dollar, sterling stronger

Story link: US dollar, sterling stronger

The US dollar was slightly stronger on Tuesday as negative conditions surrounding the aftermath of Hurricane Katrina began to ease slightly. Oil prices pulled back a bit as European nations released supplies to help the US and production began again at some Gulf of Mexico oil platforms and some of the less damaged refineries […]

September 2, 2005

US dollar weak against European currencies this week

Story link: US dollar weak against European currencies this week

This week, the US dollar hit its lowest level since May against a number of European currencies as the fallout from Hurricane Katrina continued to grow. A special worry was rising gasoline prices after the storm shut down 10 percent of refining capacity in the United States. It was said that gasoline prices […]

September 1, 2005

Economic data, hurricane aftermath weaken US dollar; sterling stronger

Story link: Economic data, hurricane aftermath weaken US dollar; sterling stronger

The currency markets were nervous on Thursday as investors worried that rising gasoline prices in the United States could negatively affect economic growth. These concerns were only exacerbated by figures showing that the US economy was already feeling the effect of high energy prices before Hurricane Katrina hit the Gulf Coast on Monday.
Some analysts, […]


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	September 30, 2005 Euro stronger; US dollar strong; yen weaker on mixed data Story link: Euro stronger; US dollar strong; yen weaker on mixed data The US dollar was stronger on the week based largely on comments by various Federal Reserve officials that interest rates in the US will continue to rise despite the effects of Hurricanes Katrina and Rita. In fact, some, including Philadelphia Fed president Anthony Santomero, have suggested that reconstruction after the hurricanes would benefit the […] September 29, 2005 Yen, Canadian and New Zealand dollars up, European currencies nearly flat Story link: Yen, Canadian and New Zealand dollars up, European currencies nearly flat The Japanese yen was helped on Thursday by a new high on the Nikkei and strong retails sales figures in August, although there have been indications that investors are getting a bit nervous due to the recent string of substantial gains in the equities markets. The yen was up 0.2 percent to �135.83 versus the euro […] September 28, 2005 US dollar, sterling mixed; Eastern European currencies down Story link: US dollar, sterling mixed; Eastern European currencies down The US dollar saw slightly mixed results on Wednesday, falling fractionally to $1.2010 in relation to the euro and ending flat against the yen at �113.29 after having fallen to �112.88 earlier in the day. Sentiment about the dollar and the effect that Hurricane Katrina will ultimately have on it, however, has turned from dollar-negative in […] September 27, 2005 US dollar higher despite mixed news; euro gains on yen Story link: US dollar higher despite mixed news; euro gains on yen The US dollar was stronger on Tuesday on comments by the president of the Kansas City Federal Reserve and the Chicago Fed�s president which indicated that more interest rate hikes are forthcoming in order to keep interest rates in check. However there were mixed signals on the issue as Ben Bernanke, the head of […] September 26, 2005 US dollar slightly stronger; Asian currencies lower Story link: US dollar slightly stronger; Asian currencies lower The US dollar gained 0.1 percent to $1.2056 in relation to the euro on Monday, and it was also up 0.1 percent to �112.26 versus the yen. The dollar�s strength was based on a sense of relief that the damage caused by Hurricane Rita was less than many had feared it would be, and especially that […] September 23, 2005 China changes rules on renminbi; US dollar stronger on week Story link: China changes rules on renminbi; US dollar stronger on week On Friday, China�s central bank widened to 3 percent the band in which the renminbi may trade against non-dollar currencies, reducing the need for the bank to interfere in the currency markets. The move came on the same day as the G7 nations meet, lessening the chance that they will again urge China to […] September 22, 2005 Euro weaker on low bond yields; sterling down; US dollar effected by new hurricane Story link: Euro weaker on low bond yields; sterling down; US dollar effected by new hurricane The euro was not able to hold early gains against the US dollar on Thursday after bond yields in Europe fell to an all-time low, below 3 percent. Lingering uncertainty following the elections in Germany also had an effect, as did the resignation of Italy�s finance minister. The euro had been up to $1.2269 in […] September 21, 2005 Canadian dollar hits record high; US dollar weaker on weather concerns; sterling mixed Story link: Canadian dollar hits record high; US dollar weaker on weather concerns; sterling mixed The US dollar was weaker on Wednesday on concerns that Hurricane Rita could lead to further economic disruption on top of that caused by Hurricane Katrina as well as further disruption to the US oil supply. Another spike in prices for crude oil and oil products did not help the dollar�s position, especially after […] September 20, 2005 US dollar stronger after Fed raises interest rates again Story link: US dollar stronger after Fed raises interest rates again The US dollar was stronger Tuesday after the US Federal Reserve did as most analysts expected it would and raised interest rates by 25 basis points to 3.75 percent. It was the eleventh meeting in a row that the Fed had raised interest rates. The statement from the Federal Open Market Committee that accompanied the […] September 19, 2005 Election results hurt euro, NZ dollar; investors await US Fed decision; Canadian dollar up Story link: Election results hurt euro, NZ dollar; investors await US Fed decision; Canadian dollar up The euro was down on Monday as a result of the outcome of Sunday�s election in Germany. The election ended, as predicted, without a clear majority for any party. Both the Christian Democrats and the Social Democrats were claiming a mandate to rule despite the fact that the Christian Democrats won only three […] September 16, 2005 Strong week for US dollar; election worries weaken euro Story link: Strong week for US dollar; election worries weaken euro The euro was weaker this week, losing 1.5 percent against the US dollar, to sit at $1.2216 in late afternoon trade in London on Friday. Investors continue to worry about the outcome of German elections scheduled for this weekend. With the possibility that no party will gain a majority of the vote, the […] September 15, 2005 Sterling weak on slow retail sales; dollar gains despite economic news Story link: Sterling weak on slow retail sales; dollar gains despite economic news Sterling was weak on Thursday as retail sales in August were reported flat after a revised decline of 0.6 percent in July. These figures have triggered some speculation that the Bank of England will have to cut interest rates again in order to get consumers to spend their money. Sterling lost 1.2 percent to $1.8058 […] September 14, 2005 Yen still riding post-election high; US dollar moves little Story link: Yen still riding post-election high; US dollar moves little The news that US retail sales was slower than expected overall in August did not have too much of an effect on the US dollar on Wednesday. The fact that most of the decline was accounted for by a large decline in automobile sales and that most other sectors actually saw gains in sales […] September 13, 2005 US dollar up; yen hit by profit-taking Story link: US dollar up; yen hit by profit-taking The US dollar was stronger on Tuesday on US trade deficit data that was not as bad as had been expected. It had been predicted to be just under $60 billion in July, but ended up being $57.9 billion on the month. Non-oil imports were down, which helped keep the deficit limited. Even before […] September 12, 2005 Election news sends yen up, euro lower Story link: Election news sends yen up, euro lower The yen was up on Monday in the wake of a landslide victory for Prime Minister Junichiro Koizumi and his ruling Liberal Democratic party on Sunday in parliamentary elections, giving the party a larger majority than it had before the election. Also helping the yen was an upward revision of the second quarter gross […] September 8, 2005 Euro weaker on pre-election news, yen down on outflows, trade Story link: Euro weaker on pre-election news, yen down on outflows, trade The euro was mixed but mostly weaker on Thursday. Part of its weakness had to do with the results of a poll out of Germany implying that the center-right Christian Democrats and their allies are losing popularity to the Social Democrats ahead of parliamentary elections slated for September 18. The worry is that […] September 7, 2005 Sterling, US dollar gain on euro and yen Story link: Sterling, US dollar gain on euro and yen In an up-and-down day, the US dollar managed to be slightly stronger by the middle of the trading day on Wednesday. The downward trend of oil prices helped the greenback gain strength, as did the changing probabilities that the Federal Reserve would raise interest rates again this year. Before Hurricane Katrina, virtually all analysts […] September 6, 2005 US dollar, sterling stronger Story link: US dollar, sterling stronger The US dollar was slightly stronger on Tuesday as negative conditions surrounding the aftermath of Hurricane Katrina began to ease slightly. Oil prices pulled back a bit as European nations released supplies to help the US and production began again at some Gulf of Mexico oil platforms and some of the less damaged refineries […] September 2, 2005 US dollar weak against European currencies this week Story link: US dollar weak against European currencies this week This week, the US dollar hit its lowest level since May against a number of European currencies as the fallout from Hurricane Katrina continued to grow. A special worry was rising gasoline prices after the storm shut down 10 percent of refining capacity in the United States. It was said that gasoline prices […] September 1, 2005 Economic data, hurricane aftermath weaken US dollar; sterling stronger Story link: Economic data, hurricane aftermath weaken US dollar; sterling stronger The currency markets were nervous on Thursday as investors worried that rising gasoline prices in the United States could negatively affect economic growth. These concerns were only exacerbated by figures showing that the US economy was already feeling the effect of high energy prices before Hurricane Katrina hit the Gulf Coast on Monday. Some analysts, […]
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