March 31, 2006

Euro strengthens on week

Story link: Euro strengthens on week

The euro gained strength over the week as what little new data there was seemed to be euro-positive. The European Commission�s economic sentiment reading was at a five-year peak in March. The Ifo German business sentiment survey was at a 15-year high. Money supply growth was at 8 percent for the year […]

Euro strengthens on week

Story link: Euro strengthens on week

The euro gained strength over the week as what little new data there was seemed to be euro-positive. The European Commission�s economic sentiment reading was at a five-year peak in March. The Ifo German business sentiment survey was at a 15-year high. Money supply growth was at 8 percent for the year […]

March 30, 2006

Euro stronger as US dollar weakens

Story link: Euro stronger as US dollar weakens

The euro was stronger on Thursday, while the US dollar weakened in relation to several currencies. Analysts could not agree on reasons why the dollar had declined, especially with the Gross Domestic Product deflator, which the US Federal Reserve looks to as its favorite way to measure inflation, newly revised up for the fourth […]

March 29, 2006

Sterling weaker on new data

Story link: Sterling weaker on new data

In the UK on Wednesday, sterling was weaker after the release of several bits of news that did not support the currency. One of the worst bits of news was the fact that the current account deficit for the last quarter of last year was revised upward to �10.96 billion, which amounts to 3.6 […]

Sterling weaker on new data

Story link: Sterling weaker on new data

In the UK on Wednesday, sterling was weaker after the release of several bits of news that did not support the currency. One of the worst bits of news was the fact that the current account deficit for the last quarter of last year was revised upward to �10.96 billion, which amounts to 3.6 […]

March 28, 2006

Euro gains on German business sentiment

Story link: Euro gains on German business sentiment

The euro was stronger on Tuesday on new data that tended to reinforce the expectation that eurozone interest rates will be raised again. The probability that the European Central Bank will send rates higher in May has been estimated at anywhere from 50 percent to 90 percent, and some analysts even suspect that a […]

March 27, 2006

Yen gains on sale of foreign bonds

Story link: Yen gains on sale of foreign bonds

The Japanese yen gained in value on Monday on new data showing that Japanese investors sold off foreign assets during the week ending March 17 at a rate six times higher than they had the previous week. This trend seemed to be continuing as the end of the fiscal year approaches. The sales […]

March 23, 2006

US dollar higher on positive data

Story link: US dollar higher on positive data

The US dollar was higher on Thursday as new data on existing home sales added more evidence that the US housing market is still strong. It had been expected that the sale of existing homes would fall slightly in February, but sales actually were up 2.5 percent in the month. New unemployment filings […]

March 22, 2006

Yen higher; dollar steady

Story link: Yen higher; dollar steady

Most major currencies were very nearly unchanged on the day Wednesday, leaving the Japanese yen as the only major currency to make substantial moves on the day. The yen advanced despite comments from the governor of the Bank of Japan which indicated that interest rates will not go up in the foreseeable future.
The yen […]

March 21, 2006

Dollar, sterling strengthen

Story link: Dollar, sterling strengthen

The US dollar strengthened on Tuesday after comments Monday night by US Federal Reserve Chairman Ben Bernanke which were interpreted as positive and therefore indicative that the Fed will issue another interest rate hike when it meets later in the month. Among other things, he said that low long-term yields on Treasury bonds are […]

March 20, 2006

Yen declines while US dollar holds steady

Story link: Yen declines while US dollar holds steady

The Japanese yen lost value against major currencies on Monday after having made gains early in the session. The decline was blamed on technical factors and on the fact that Japanese importers had engaged in significant selling of yen and purchase of US dollars ahead of a public holiday. Also a possible factor […]

March 16, 2006

US dollar mixed on new inflation data

Story link: US dollar mixed on new inflation data

New inflation data brought mixed results for the US dollar in currencies markets on Thursday. At midday in New York, the euro had risen 1.2 percent in relation to the greenback, to $1.2153, while sterling was up 0.5 percent against the dollar to $1.7553. The yen, however, dropped versus the dollar, by 0.5 […]

March 15, 2006

Sterling, greenback weaker on data

Story link: Sterling, greenback weaker on data

Sterling was weaker on Wednesday on the news that unemployment in the UK had grown at its fastest rate in thirteen years in February, as 14,600 new unemployment claims were filed during the month, many more than the expected 3,000 new claims. In addition, earnings growth was at 3.5 percent in January, far below […]

March 14, 2006

Current account deficit hurts US dollar

Story link: Current account deficit hurts US dollar

The US dollar declined in value on Tuesday on the release of current account deficit data from the fourth quarter of last year, and on a prediction that interest rates in the US could peak at 4.75 to 5 percent.
Investors did not seem to take the current account numbers into consideration last year […]

March 10, 2006

US dollar higher, yen declines

Story link: US dollar higher, yen declines

The US dollar was at its strongest level of the year on Friday after new employment data was interpreted as favoring more hikes in the interest rate. The data showed average hourly earnings up 3.5 percent in February on an annualized basis, its biggest jump since September 2001. Additionally, 243,000 new jobs were […]

March 9, 2006

Monetary policy decision unsettles yen

Story link: Monetary policy decision unsettles yen

After a rise directly after an announcement from the Bank of Japan that it was tightening its monetary policy, the Japanese yen was flat to weaker on the day as analysts arrived at an interpretation of the Bank�s move that expects policy to remain accommodative for some time to come.
The yen�s first response to the […]

March 7, 2006

US dollar strengthens

Story link: US dollar strengthens

Movement in the prices of US Treasury bonds and the expectation of further US interest rate hikes sent the dollar up in European trade on Tuesday. Comments from the president of the St. Louis Federal Reserve that the Fed will have to �step a little harder on the brake� if US economic data stays […]

March 6, 2006

Yen falls, US dollar strengthens

Story link: Yen falls, US dollar strengthens

Several factors combined on Monday to cause the Japanese yen to decline in value even though some analysts expect the Bank of Japan to begin tightening its monetary policy as soon as this week, although most expect that any move will not come until April. Those factors included data showing that short yen position […]

March 3, 2006

Euro shows strength

Story link: Euro shows strength

The euro rose in relation to most major currencies during the week ending March 3. It was up 1.3 percent to $1.2031 versus the US dollar, gained 1 percent to �140.12 against the Japanese yen, and rose 0.8 percent in relation to sterling, to �0.6859.
The euro�s success came as the European Central Bank once […]

March 2, 2006

Euro gains on ECB rate action

Story link: Euro gains on ECB rate action

In the eurozone on Thursday, the euro gained value after the European Central Bank voted to raise its main refinancing rate by a quarter point to 2.5 percent. At the same time, the ECB president made comments that indicated that there will be more rate hikes to come this year. He said that […]


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	March 31, 2006 Euro strengthens on week Story link: Euro strengthens on week The euro gained strength over the week as what little new data there was seemed to be euro-positive. The European Commission�s economic sentiment reading was at a five-year peak in March. The Ifo German business sentiment survey was at a 15-year high. Money supply growth was at 8 percent for the year […] Euro strengthens on week Story link: Euro strengthens on week The euro gained strength over the week as what little new data there was seemed to be euro-positive. The European Commission�s economic sentiment reading was at a five-year peak in March. The Ifo German business sentiment survey was at a 15-year high. Money supply growth was at 8 percent for the year […] March 30, 2006 Euro stronger as US dollar weakens Story link: Euro stronger as US dollar weakens The euro was stronger on Thursday, while the US dollar weakened in relation to several currencies. Analysts could not agree on reasons why the dollar had declined, especially with the Gross Domestic Product deflator, which the US Federal Reserve looks to as its favorite way to measure inflation, newly revised up for the fourth […] March 29, 2006 Sterling weaker on new data Story link: Sterling weaker on new data In the UK on Wednesday, sterling was weaker after the release of several bits of news that did not support the currency. One of the worst bits of news was the fact that the current account deficit for the last quarter of last year was revised upward to �10.96 billion, which amounts to 3.6 […] Sterling weaker on new data Story link: Sterling weaker on new data In the UK on Wednesday, sterling was weaker after the release of several bits of news that did not support the currency. One of the worst bits of news was the fact that the current account deficit for the last quarter of last year was revised upward to �10.96 billion, which amounts to 3.6 […] March 28, 2006 Euro gains on German business sentiment Story link: Euro gains on German business sentiment The euro was stronger on Tuesday on new data that tended to reinforce the expectation that eurozone interest rates will be raised again. The probability that the European Central Bank will send rates higher in May has been estimated at anywhere from 50 percent to 90 percent, and some analysts even suspect that a […] March 27, 2006 Yen gains on sale of foreign bonds Story link: Yen gains on sale of foreign bonds The Japanese yen gained in value on Monday on new data showing that Japanese investors sold off foreign assets during the week ending March 17 at a rate six times higher than they had the previous week. This trend seemed to be continuing as the end of the fiscal year approaches. The sales […] March 23, 2006 US dollar higher on positive data Story link: US dollar higher on positive data The US dollar was higher on Thursday as new data on existing home sales added more evidence that the US housing market is still strong. It had been expected that the sale of existing homes would fall slightly in February, but sales actually were up 2.5 percent in the month. New unemployment filings […] March 22, 2006 Yen higher; dollar steady Story link: Yen higher; dollar steady Most major currencies were very nearly unchanged on the day Wednesday, leaving the Japanese yen as the only major currency to make substantial moves on the day. The yen advanced despite comments from the governor of the Bank of Japan which indicated that interest rates will not go up in the foreseeable future. The yen […] March 21, 2006 Dollar, sterling strengthen Story link: Dollar, sterling strengthen The US dollar strengthened on Tuesday after comments Monday night by US Federal Reserve Chairman Ben Bernanke which were interpreted as positive and therefore indicative that the Fed will issue another interest rate hike when it meets later in the month. Among other things, he said that low long-term yields on Treasury bonds are […] March 20, 2006 Yen declines while US dollar holds steady Story link: Yen declines while US dollar holds steady The Japanese yen lost value against major currencies on Monday after having made gains early in the session. The decline was blamed on technical factors and on the fact that Japanese importers had engaged in significant selling of yen and purchase of US dollars ahead of a public holiday. Also a possible factor […] March 16, 2006 US dollar mixed on new inflation data Story link: US dollar mixed on new inflation data New inflation data brought mixed results for the US dollar in currencies markets on Thursday. At midday in New York, the euro had risen 1.2 percent in relation to the greenback, to $1.2153, while sterling was up 0.5 percent against the dollar to $1.7553. The yen, however, dropped versus the dollar, by 0.5 […] March 15, 2006 Sterling, greenback weaker on data Story link: Sterling, greenback weaker on data Sterling was weaker on Wednesday on the news that unemployment in the UK had grown at its fastest rate in thirteen years in February, as 14,600 new unemployment claims were filed during the month, many more than the expected 3,000 new claims. In addition, earnings growth was at 3.5 percent in January, far below […] March 14, 2006 Current account deficit hurts US dollar Story link: Current account deficit hurts US dollar The US dollar declined in value on Tuesday on the release of current account deficit data from the fourth quarter of last year, and on a prediction that interest rates in the US could peak at 4.75 to 5 percent. Investors did not seem to take the current account numbers into consideration last year […] March 10, 2006 US dollar higher, yen declines Story link: US dollar higher, yen declines The US dollar was at its strongest level of the year on Friday after new employment data was interpreted as favoring more hikes in the interest rate. The data showed average hourly earnings up 3.5 percent in February on an annualized basis, its biggest jump since September 2001. Additionally, 243,000 new jobs were […] March 9, 2006 Monetary policy decision unsettles yen Story link: Monetary policy decision unsettles yen After a rise directly after an announcement from the Bank of Japan that it was tightening its monetary policy, the Japanese yen was flat to weaker on the day as analysts arrived at an interpretation of the Bank�s move that expects policy to remain accommodative for some time to come. The yen�s first response to the […] March 7, 2006 US dollar strengthens Story link: US dollar strengthens Movement in the prices of US Treasury bonds and the expectation of further US interest rate hikes sent the dollar up in European trade on Tuesday. Comments from the president of the St. Louis Federal Reserve that the Fed will have to �step a little harder on the brake� if US economic data stays […] March 6, 2006 Yen falls, US dollar strengthens Story link: Yen falls, US dollar strengthens Several factors combined on Monday to cause the Japanese yen to decline in value even though some analysts expect the Bank of Japan to begin tightening its monetary policy as soon as this week, although most expect that any move will not come until April. Those factors included data showing that short yen position […] March 3, 2006 Euro shows strength Story link: Euro shows strength The euro rose in relation to most major currencies during the week ending March 3. It was up 1.3 percent to $1.2031 versus the US dollar, gained 1 percent to �140.12 against the Japanese yen, and rose 0.8 percent in relation to sterling, to �0.6859. The euro�s success came as the European Central Bank once […] March 2, 2006 Euro gains on ECB rate action Story link: Euro gains on ECB rate action In the eurozone on Thursday, the euro gained value after the European Central Bank voted to raise its main refinancing rate by a quarter point to 2.5 percent. At the same time, the ECB president made comments that indicated that there will be more rate hikes to come this year. He said that […] Next Page »
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Euro strengthens on week

Euro strengthens on week

Euro stronger as US dollar weakens

Sterling weaker on new data

Sterling weaker on new data

Euro gains on German business sentiment

Yen gains on sale of foreign bonds

US dollar higher on positive data

Yen higher; dollar steady

Dollar, sterling strengthen

Yen declines while US dollar holds steady

US dollar mixed on new inflation data

Sterling, greenback weaker on data

Current account deficit hurts US dollar

US dollar higher, yen declines

Monetary policy decision unsettles yen

US dollar strengthens

Yen falls, US dollar strengthens

Euro shows strength

Euro gains on ECB rate action