October 18, 2005

Asian currencies reach lows versus US dollar

Story link: Asian currencies reach lows versus US dollar

Economic data out of the eurozone on Tuesday were euro-positive, but did not help the euro much in practical terms. September�s eurozone inflation rate was revised upward to 2.6 percent. Meanwhile, the ZEW business survey reported only a small increase in expectations, indicating that the German recovery is fragile.
In the UK, consumer prices […]

October 17, 2005

Sterling weaker on stagflation fears; US dollar stronger

Story link: Sterling weaker on stagflation fears; US dollar stronger

The US dollar was stronger on Monday. Factors helping the greenback included continued indications that the Federal Reserve will continue to raise US interest rates and support from Japanese investors, who seemed more inclined to buy dollars.
Also seen as dollar positive is the Homeland Investment Act, a yearlong tax break meant to encourage US […]

October 14, 2005

US dollar weaker on higher inflation, lower consumer confidence

Story link: US dollar weaker on higher inflation, lower consumer confidence

The US dollar was weaker on Friday after figures were released showing that consumer prices were up 1.2 percent in September for the largest monthly increase in a quarter-century. The gain was mostly on the huge rise in energy prices in the wake of Hurricane Katrina, however, and core inflation was up only 0.1 […]

October 13, 2005

US dollar stronger despite near-record trade deficit; euro weaker on day

Story link: US dollar stronger despite near-record trade deficit; euro weaker on day

The US dollar was stronger on Thursday despite the report of a near-record trade deficit of $59 billion in August, the key being that as high as the figure was, it was lower than had been expected by analysts. The trade deficit was helped higher by high prices for oil imports. Bond yields […]

October 12, 2005

Bank of Japan stands on current monetary policy; US dollar weakens slightly

Story link: Bank of Japan stands on current monetary policy; US dollar weakens slightly

The US dollar on Wednesday began to lose the strength it gained after the minutes of the Federal Reserve�s September 20 meeting were released, in which the Fed confirmed recent statements that indicate it is more worried about inflation than it is about growth and that it would likely keep raising US interest rates.
The US […]

October 11, 2005

Euro down in relation to US dollar, European currencies

Story link: Euro down in relation to US dollar, European currencies

The euro was weaker on Tuesday amid concerns that the new coalition government in Germany will not go forward with reforms in the tax system and labor market there.
The US dollar gained 0.5 percent to $1.2007 in relation to the euro while traders awaited the release of the minutes of the September 20 meeting of […]

October 10, 2005

Euro reacts to new German chancellor

Story link: Euro reacts to new German chancellor

Currency trading was slow on Monday as holidays in the US, Canada, and Japan kept the forex markets relatively quiet. The market is expecting the release of several reports this week that will further clarify the effect of Hurricanes Katrina and Rita on the US economy. Currency traders are also anticipating the Federal […]

October 7, 2005

Euro up on week; Polish currency uneasy ahead of election

Story link: Euro up on week; Polish currency uneasy ahead of election

The US dollar saw some gains on Friday after a Labor Department report showed that not as many jobs as had been feared were lost to Hurricanes Katrina and Rita in September. However, traders were moved to sell US dollars as worries mounted over the narrowing of bond yields between the US and Europe, […]

October 6, 2005

Swiss franc strengthens on inflation, interest rate worries

Story link: Swiss franc strengthens on inflation, interest rate worries

While the European Central Bank kept interest rates where they were when it met on Wednesday, a change in the tone of comments accompanying the announcement of the decision ahs led some analysts to believe that the ECB could raise eurozone interest rates before the year is over. The remarks by the ECB president […]

October 5, 2005

US dollar weakens as euro shows some strength

Story link: US dollar weakens as euro shows some strength

The Bank of England and European Central Bank were both scheduled to meet Wednesday, but neither were expected to make any change in interest rates. In the UK, sentiment towards sterling was in a bind between inflation worries on the one hand and concerns over slow consumer spending on the other. Meanwhile, in […]

October 4, 2005

Indonesian rupiah, Turkish lira up; US dollar steady

Story link: Indonesian rupiah, Turkish lira up; US dollar steady

The US dollar was steady on Tuesday on speculation as to whether or not the US Federal Reserve will again raise interest rates when it meets next. Also helping the dollar were strong reports on manufacturing and factory orders, was well as reports of low inventories which indicate that outputs have increased.
Still, the dollar […]

October 3, 2005

Turkish lira volatile over EU negotiatons, Euro and sterling weaken ahead of state bank meetings

Story link: Turkish lira volatile over EU negotiatons, Euro and sterling weaken ahead of state bank meetings

The Turkish lira was volatile on Monday on fears that negotiations toward Turkish membership in the European Union could be delayed by Austrian demands that Turkey be limited to less than full membership. However, most traders felt that a major sell-off was not likely unless Turkey were to quit the negotiations.
The Turkish lira gained […]


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	October 18, 2005 Asian currencies reach lows versus US dollar Story link: Asian currencies reach lows versus US dollar Economic data out of the eurozone on Tuesday were euro-positive, but did not help the euro much in practical terms. September�s eurozone inflation rate was revised upward to 2.6 percent. Meanwhile, the ZEW business survey reported only a small increase in expectations, indicating that the German recovery is fragile. In the UK, consumer prices […] October 17, 2005 Sterling weaker on stagflation fears; US dollar stronger Story link: Sterling weaker on stagflation fears; US dollar stronger The US dollar was stronger on Monday. Factors helping the greenback included continued indications that the Federal Reserve will continue to raise US interest rates and support from Japanese investors, who seemed more inclined to buy dollars. Also seen as dollar positive is the Homeland Investment Act, a yearlong tax break meant to encourage US […] October 14, 2005 US dollar weaker on higher inflation, lower consumer confidence Story link: US dollar weaker on higher inflation, lower consumer confidence The US dollar was weaker on Friday after figures were released showing that consumer prices were up 1.2 percent in September for the largest monthly increase in a quarter-century. The gain was mostly on the huge rise in energy prices in the wake of Hurricane Katrina, however, and core inflation was up only 0.1 […] October 13, 2005 US dollar stronger despite near-record trade deficit; euro weaker on day Story link: US dollar stronger despite near-record trade deficit; euro weaker on day The US dollar was stronger on Thursday despite the report of a near-record trade deficit of $59 billion in August, the key being that as high as the figure was, it was lower than had been expected by analysts. The trade deficit was helped higher by high prices for oil imports. Bond yields […] October 12, 2005 Bank of Japan stands on current monetary policy; US dollar weakens slightly Story link: Bank of Japan stands on current monetary policy; US dollar weakens slightly The US dollar on Wednesday began to lose the strength it gained after the minutes of the Federal Reserve�s September 20 meeting were released, in which the Fed confirmed recent statements that indicate it is more worried about inflation than it is about growth and that it would likely keep raising US interest rates. The US […] October 11, 2005 Euro down in relation to US dollar, European currencies Story link: Euro down in relation to US dollar, European currencies The euro was weaker on Tuesday amid concerns that the new coalition government in Germany will not go forward with reforms in the tax system and labor market there. The US dollar gained 0.5 percent to $1.2007 in relation to the euro while traders awaited the release of the minutes of the September 20 meeting of […] October 10, 2005 Euro reacts to new German chancellor Story link: Euro reacts to new German chancellor Currency trading was slow on Monday as holidays in the US, Canada, and Japan kept the forex markets relatively quiet. The market is expecting the release of several reports this week that will further clarify the effect of Hurricanes Katrina and Rita on the US economy. Currency traders are also anticipating the Federal […] October 7, 2005 Euro up on week; Polish currency uneasy ahead of election Story link: Euro up on week; Polish currency uneasy ahead of election The US dollar saw some gains on Friday after a Labor Department report showed that not as many jobs as had been feared were lost to Hurricanes Katrina and Rita in September. However, traders were moved to sell US dollars as worries mounted over the narrowing of bond yields between the US and Europe, […] October 6, 2005 Swiss franc strengthens on inflation, interest rate worries Story link: Swiss franc strengthens on inflation, interest rate worries While the European Central Bank kept interest rates where they were when it met on Wednesday, a change in the tone of comments accompanying the announcement of the decision ahs led some analysts to believe that the ECB could raise eurozone interest rates before the year is over. The remarks by the ECB president […] October 5, 2005 US dollar weakens as euro shows some strength Story link: US dollar weakens as euro shows some strength The Bank of England and European Central Bank were both scheduled to meet Wednesday, but neither were expected to make any change in interest rates. In the UK, sentiment towards sterling was in a bind between inflation worries on the one hand and concerns over slow consumer spending on the other. Meanwhile, in […] October 4, 2005 Indonesian rupiah, Turkish lira up; US dollar steady Story link: Indonesian rupiah, Turkish lira up; US dollar steady The US dollar was steady on Tuesday on speculation as to whether or not the US Federal Reserve will again raise interest rates when it meets next. Also helping the dollar were strong reports on manufacturing and factory orders, was well as reports of low inventories which indicate that outputs have increased. Still, the dollar […] October 3, 2005 Turkish lira volatile over EU negotiatons, Euro and sterling weaken ahead of state bank meetings Story link: Turkish lira volatile over EU negotiatons, Euro and sterling weaken ahead of state bank meetings The Turkish lira was volatile on Monday on fears that negotiations toward Turkish membership in the European Union could be delayed by Austrian demands that Turkey be limited to less than full membership. However, most traders felt that a major sell-off was not likely unless Turkey were to quit the negotiations. The Turkish lira gained […]
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