Daily Forex News
 
Daily World Currencies News from London
Friday 12th of March 2010
February 28, 2006

US dollar down on negative economic data

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US dollar down on negative economic data

The US dollar was down on Tuesday after the release of several dollar-negative economic reports.
Among the bad news was a report showing that the sales of existing homes in the United States were down by 2.8 percent in January, the lowest figure in nearly two years. Also, the Chicago purchasing managers’ index was down […]



US dollar down on negative economic data

Story link: US dollar down on negative economic data


US dollar down on negative economic data

The US dollar was down on Tuesday after the release of several dollar-negative economic reports.
Among the bad news was a report showing that the sales of existing homes in the United States were down by 2.8 percent in January, the lowest figure in nearly two years. Also, the Chicago purchasing managers’ index was down […]



February 27, 2006

Yen gains on PM comments

Story link: Yen gains on PM comments


Yen gains on PM comments

The yen was up again on Monday in morning trade in Europe as the Japanese government sent signals that they might be closer to acquiescing to the Bank of Japan’s feeling that the time to begin tightening monetary policy might soon arrive. Despite recent statements from various government officials that deflation has not yet […]



February 24, 2006

Yen advances on hopes for policy change

Story link: Yen advances on hopes for policy change


Yen advances on hopes for policy change

The Japanese yen hit a four-week high against the US dollar in morning trade in Europe on Friday as anticipation grew that the Bank of Japan will soon abandon it’s loose monetary policy. The speculation has been accelerated by comments made by the governor of the Bank of Japan on Friday that repeated his […]



February 23, 2006

Yen up, US dollar down

Story link: Yen up, US dollar down


Yen up, US dollar down

The Japanese yen was up in morning trade in Europe on Thursday as the governor of the Bank of Japan made comments to a committee of parliament that seemed to imply that the Bank’s loose monetary policy is about to end. This move, when it is made, is expected to allow interest rates in […]



February 22, 2006

Emerging currencies decline

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Emerging currencies decline

The decline of the Icelandic krona by 4.6 percent in relation to the US dollar on Tuesday sent a number of emerging and high-yield currencies down on Wednesday morning as investors reacted to the krona’s decline. Tuesday’s drop in the krona led Fitch to lower Iceland’s country rating to “negative” from “stable” due to […]



February 21, 2006

US dollar up ahead of Fed minutes

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US dollar up ahead of Fed minutes

The US dollar was up on Tuesday in early-day trade in Europe as traders awaited the release of the minutes from the most recent meeting of the US Federal Reserve. The minutes from the January 31 meeting, Alan Greenspan’s last as Fed chairman, are expected to support at least two or three more interest […]



February 20, 2006

Euro, sterling stronger in light trade

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Euro, sterling stronger in light trade

The euro and sterling both strengthened on Monday on positive data, while the US currency trade took the day off for Presidents Day.
Comments by Jean-Claude Trichet, the president of the European Central Bank to the European Parliament that expectations for interest rate tightening in the eurozone are sensible, that economic growth on the zone was […]



February 17, 2006

Yen down as deflation persists

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Yen down as deflation persists

The Japanese yen was down in morning trade in Europe on Friday, as hints of continuing deflationary pressures outweighed news that the gross domestic product in Japan was up more than had been expected in the fourth quarter of 2005.
The Japanese GDP was up 1.4 percent in the last quarter of 2005, against an expected […]



February 16, 2006

Sterling falls on lower retail data

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Sterling falls on lower retail data

Sterling was down on Thursday on data that showed retail sales down by 1.3 percent in January, the largest monthly decline since December of 2004. The decline in sales came despite a drop of 1.2 percent in retail prices on the year ending in January. As a result of the slower retail sales, […]



February 14, 2006

Sterling down, euro up slightly

Story link: Sterling down, euro up slightly


Sterling down, euro up slightly

With the release of weak inflation data that seemed to call for the lowering of interest rates, sterling fell in relation to the US dollar and the euro on Tuesday. The British currency was down 0.3 percent against the US dollar to $1.7364 and it lost 0.4 percent to the euro, to £0.6856.
Data released […]



February 13, 2006

Currency traders wait on new data

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Currency traders wait on new data

Currency traders seemed to be waiting for the outcome of new US Federal Reserve Chairman Ben Bernanke’s first appearance before Congress on Wednesday before making any big commitments in the market. The expected release of US economic reports on capital flows on Wednesday and housing starts on Thursday also seemed to be holding traders […]



February 9, 2006

Japan, Great Britain decline to alter monetary policies

Story link: Japan, Great Britain decline to alter monetary policies


Japan, Great Britain decline to alter monetary policies

The Japanese yen saw mixed success on Thursday. It gained fractionally against the US dollar to ¥118.55 and rising 0.1 percent to ¥206.33 in relation to sterling. However, it dropped 0.1 percent to ¥141.79 against the euro.
These slight moves by the yen came after the Bank of Japan did not make any adjustments to its […]



February 7, 2006

Yen up sharply, dollar steady

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Yen up sharply, dollar steady

The Japanese yen was up sharply on Tuesday as speculation rose that the Bank of Japan may be getting ready to tighten its monetary policy. The yen was up 0.8 percent in relation to the US dollar, to ¥118.03. It also rose 0.8 percent against the euro to ¥141.26, while it gained 1 […]



February 6, 2006

US dollar, Yen see advances

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US dollar, Yen see advances

The US dollar was up on Monday amid expectations that US interest rates will rise further in the foreseeable future. The greenback gained 0.5 percent in relation to the euro, to $1.1971. It was up 0.9 percent to $1.7467 against sterling, a one-month high. However, the dollar held steady in relation to […]




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