Renminbi in largest monthly rise since revaluation
Story link: Renminbi in largest monthly rise since revaluation
The yen was slightly stronger on Monday as new data showed industrial production up and as the renminbi hit a new high in China. Trade was light during the day as investors waited for interest rate decisions from several regions. There are possible rate hikes coming this week in Australia, South Africa, the […]
US Senators promise tariffs legislation if renminbi doesn’t rise
Story link: US Senators promise tariffs legislation if renminbi doesn’t rise
The US dollar weakened on Thursday as the Federal Reserve’s “Beige Book” report, released on Wednesday, provided anecdotal evidence that US economic growth is beginning to slow even though a new report showed that durable goods orders were up more than expected while unemployment levels were down.
The greenback was down 1.5 percent in the past […]
Swiss franc weaknes versus major currencies
Story link: Swiss franc weaknes versus major currencies
The US dollar strengthened Monday, but analysts disagreed on exactly why the greenback notched gains after three days of declines. Some called the gains a correction, while others felt it had to do with speculators who are betting that China will use the 1-year anniversary of the revaluation of the renminbi as an excuse […]
US dollar mixed on interest rate uncertainty
Story link: US dollar mixed on interest rate uncertainty
Sterling was stronger as analysts began to be more and more convinced that UK interest rates will be higher by the end of the year as several measures of economic health seem to be showing the UK economy to be in good shape. Figures from the housing markets, retail sales, the money supply, consumer […]
Sterling strengthens on Bank of England meeting notes
Story link: Sterling strengthens on Bank of England meeting notes
The US dollar weakened on Wednesday after Federal Reserve Chairman Ben Bernanke told a Congressional committee that both economic growth and the growth of inflation could be slowing down soon. While far from predicting an economic crash, the comments led most analysts to cut the chance that the Fed will raise interest rates in […]
Sterling stronger on inflation, housing data
Story link: Sterling stronger on inflation, housing data
The US dollar was stronger on Tuesday as several dollar-positive reports were released. Producer prices for finished products were 4.9 percent higher, indicating that consumer inflation data, due to be released on Wednesday, will also be higher. In addition, inflows into the United States were at $69.6 billion May, enough to cover that […]
Euro weaker as Eurzone inflation repeats May level in June
Story link: Euro weaker as Eurzone inflation repeats May level in June
The dollar strengthened on Monday as investors looked for safe places to put their money as conflict in the Middle East seemed to be getting worse by the day. In addition, new data showed that US industrial output was up in June, and US Federal Reserve chairman Ben Bernanke is expected to leave […]
Israeli sheckel, Lebanese pound lower on political troubles
Story link: Israeli sheckel, Lebanese pound lower on political troubles
With the world seeing political strife and other problems in Iraq and Iran, in North Korea, in Nigeria, and now in Israel and Palestine, the Swiss franc again seems to be living up to its reputation as a safe investment in times of trouble. In recent weeks, the Swissie has been falling, but Thursday […]
US dollar stronger on trade deficit figures
Story link: US dollar stronger on trade deficit figures
The US dollar strengthened on Wednesday, helped by the news that May’s trade deficit was not as large as had been expected. While May’s deficit was half a million dollars more than April’s figure, at $63.8 billion it was lower than the $64.9 billion that had been predicted by analysts. The lower number […]
Syria announces abandonment of peg to US dollar
Story link: Syria announces abandonment of peg to US dollar
The Canadian dollar saw declines on Tuesday as the Bank of Canada not only elected to keep interest rates at their current level, but issued comments leading most analysts to the conclusion that no new rate hikes will be coming anytime soon and that the loonie will not strengthen significantly for some time.
The Canadian currency […]
Bank of Japan expected to raise interest rates Friday
Story link: Bank of Japan expected to raise interest rates Friday
The Japanese yen strengthened on Monday as expectations grew that the Bank of Japan will allow interest rates to rise above zero for the first time in five years when it meets later in the week. Also helping the yen to rise were bank lending that was up to a ten-year high in June […]
Yen strengthens ahead of Bank of Japan meeting
Story link: Yen strengthens ahead of Bank of Japan meeting
The euro grew stronger on Thursday on new signals from the European Central Bank that interest rates will be rising again. While the ECB kept interest rates at 2.75 percent for the present, remarks from the Bank’s governor were widely read as meaning that there will be a 25-basis point hike in rates at […]
Asian currencies weaken slightly
Story link: Asian currencies weaken slightly
The US dollar strengthened on Wednesday after new figures were released, saying that 368,000 new jobs were created in June. It had been estimated that the month would see 155,000 new jobs created in the month. Analysts said that if the ADP National Employment Report numbers are accurate, the wage inflation that could […]
Asian currencies weaken slightly
Story link: Asian currencies weaken slightly
The US dollar strengthened on Wednesday after new figures were released, saying that 368,000 new jobs were created in June. It had been estimated that the month would see 155,000 new jobs created in the month. Analysts said that if the ADP National Employment Report numbers are accurate, the wage inflation that could […]
Swiss franc weakens
Story link: Swiss franc weakens
With currency trade light on Tuesday as the United States took the day off for the Independence Day holiday, several Asian currencies took the opportunity to make gains against the greenback. The South Korean won added 0.2 percent versus the dollar to Won 943, while the Thai baht gained 0.4 percent to Bt37.855 and […]
Yen declines despite strong Tankan data
Story link: Yen declines despite strong Tankan data
The US dollar held steady against the euro and saw slight gains in relation to the yen and sterling on Monday after the US Institute of Supply Management’s purchasing managers’ index was shown to be off unexpectedly in June. Some analysts said that with low trade volume ahead of the Independence Day holiday in […]
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