August 30, 2006

Sterling stronger on retails sales

Story link: Sterling stronger on retails sales

The euro was stronger on Wednesday as it found yet another new high versus the Japanese yen. At midday in New York, the euro had added 0.4 percent to �150.17. Investors were selling the yen in favor of other, more lucrative investments. Among other negative news for the yen was it first […]

August 29, 2006

US dollar drops on declining consumer confidence

Story link: US dollar drops on declining consumer confidence

The euro was weaker on Tuesday, dropping against the Japanese yen despite hitting a new record high versus the Asian currency earlier in the day. The shared currency fell 0.4 percent in relation to the yen, to �149.15 at mid-afternoon in New York, after reaching �150.06 earlier. The euro was 0.1 percent lower […]

August 25, 2006

Sterling stronger on week

Story link: Sterling stronger on week

The Japanese yen declined during the week as new inflation figures raised the possibility that deflation has not yet been completely reversed in the Asian nation�s economy. Core consumer inflation was up only 0.2 percent in the latest figures, against a predicted 0.5 percent raise. All of this called into question the Bank […]

August 24, 2006

New Zealand dollar down on growing trade deficit

Story link: New Zealand dollar down on growing trade deficit

The euro strengthened slightly on Thursday after the Ifo business climate indicator dropped less than had been expected in August, to 105, slightly offsetting the ZEW business sentiment index decline reported earlier this week.
At mid-afternoon in New York, the euro was 0.1 percent higher against both the Japanese yen and sterling, to �148.95 and �0.6762 […]

August 23, 2006

Sterling gains on factory orders

Story link: Sterling gains on factory orders

The US dollar had a roller coaster of a day Wednesday after new housing data showed that existing homes sales dropped to 6.33 million in July, the lowest level in over two and a half years, adding yet another reason why many analysts believe that the Federal Reserve will leave interest rates where they are […]

August 22, 2006

Low investor confidence takes euro lower

Story link: Low investor confidence takes euro lower

The euro weakened on Tuesday after a new round of figures from the ZEW institute in Germany showed that German investor confidence plummeted in August. Reasons for the decline, which fell from 15.1 in July to -5.6 in August, included the concern that growth could stagnate due to higher oil prices and interest rates […]

August 21, 2006

Yen lower on weak data

Story link: Yen lower on weak data

The US dollar was weaker on Monday, on what analysts called a delayed reaction to new data last week that showed inflation lower than had been predicted and fewer housing starts than expected among other indications that the US economy is slowing. Most analysts now expect that the Federal Reserve will again decline to […]

August 18, 2006

Currencies decline on data

Story link: Currencies decline on data

Sterling was lower this week as a number of indicators led to the conclusion that the August move by the Bank of England to raise interest rates would likely not be followed immediately by further rate hikes. Even though some analysts still expect rates to rise in the UK one more time this year, […]

August 17, 2006

Australian dollar weakens

Story link: Australian dollar weakens

Sterling was weaker on Thursday after gains last week in the wake of the Bank of England�s surprise move to raise UK interest rates. Even though most analysts expect the Bank or hike rates one more time this year, new data that show inflation up less than expected for both producers and customers, higher […]

August 16, 2006

Producer price inflation numbers take US dollar lower

Story link: Producer price inflation numbers take US dollar lower

The dollar weakened again on Wednesday as new data showed that consumer price inflation grew less than had been expected in July. The new report, coupled with a weak producer price report on Tuesday, is persuading many analysts that interest rates in the United States might have reached a high point. Core consumer […]

August 15, 2006

Renminbi falls against greenback

Story link: Renminbi falls against greenback

The US dollar was weaker on Tuesday on weak new economic data that analysts believe will decrease the chance of interest rates being raised in September. Producer price inflation was up only 0.1 percent in July, less than had been expected, with core inflation actually down 0.3 percent. In addition, the Empire State […]

August 14, 2006

Major currencies see little movement

Story link: Major currencies see little movement

Major currencies saw little movement on Monday while emerging currencies declined amid a lack of new data. Some analysts put the losses to profit-taking, while others cited Friday�s healthy retail sales data from the United States and accompanying talk of further interest rate rises there.
The Polish zloty and the Czech koruna each dropped 0.3 […]

August 3, 2006

Sterling up on unexpected rate hike

Story link: Sterling up on unexpected rate hike

The Bank of England�s decision to raise interest rates in the UK strengthened sterling on Thursday. The surprising nature of the hike - most analysts did not expect the Monetary Policy Committee to raise rates this month - meant an extra boost for the UK currency.
Sterling added 0.5 percent in relation to both the […]

August 2, 2006

US dollar mixed

Story link: US dollar mixed

Sterling strengthened on Wednesday as new data on retail and construction gave traders confidence. In addition, some traders bet that the Bank of England will raise interest rates when the Bank�s Monetary Policy Committee meets on Thursday even though most analysts believe there is only about a 15 percent chance that such a rate […]

August 1, 2006

Yen weaker against major currencies

Story link: Yen weaker against major currencies

The US dollar strengthened somewhat on Tuesday after newly released economic data revived speculation about the possibility that the Federal Reserve could raise interest rates again when it meets next week. Also helping the greenback were comments by new US Treasury secretary Hank Paulson, who repeated the �strong dollar� policy of that agency. […]


Daily World Currencies News from London		Friday 03rd of September 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	August 30, 2006 Sterling stronger on retails sales Story link: Sterling stronger on retails sales The euro was stronger on Wednesday as it found yet another new high versus the Japanese yen. At midday in New York, the euro had added 0.4 percent to �150.17. Investors were selling the yen in favor of other, more lucrative investments. Among other negative news for the yen was it first […] August 29, 2006 US dollar drops on declining consumer confidence Story link: US dollar drops on declining consumer confidence The euro was weaker on Tuesday, dropping against the Japanese yen despite hitting a new record high versus the Asian currency earlier in the day. The shared currency fell 0.4 percent in relation to the yen, to �149.15 at mid-afternoon in New York, after reaching �150.06 earlier. The euro was 0.1 percent lower […] August 25, 2006 Sterling stronger on week Story link: Sterling stronger on week The Japanese yen declined during the week as new inflation figures raised the possibility that deflation has not yet been completely reversed in the Asian nation�s economy. Core consumer inflation was up only 0.2 percent in the latest figures, against a predicted 0.5 percent raise. All of this called into question the Bank […] August 24, 2006 New Zealand dollar down on growing trade deficit Story link: New Zealand dollar down on growing trade deficit The euro strengthened slightly on Thursday after the Ifo business climate indicator dropped less than had been expected in August, to 105, slightly offsetting the ZEW business sentiment index decline reported earlier this week. At mid-afternoon in New York, the euro was 0.1 percent higher against both the Japanese yen and sterling, to �148.95 and �0.6762 […] August 23, 2006 Sterling gains on factory orders Story link: Sterling gains on factory orders The US dollar had a roller coaster of a day Wednesday after new housing data showed that existing homes sales dropped to 6.33 million in July, the lowest level in over two and a half years, adding yet another reason why many analysts believe that the Federal Reserve will leave interest rates where they are […] August 22, 2006 Low investor confidence takes euro lower Story link: Low investor confidence takes euro lower The euro weakened on Tuesday after a new round of figures from the ZEW institute in Germany showed that German investor confidence plummeted in August. Reasons for the decline, which fell from 15.1 in July to -5.6 in August, included the concern that growth could stagnate due to higher oil prices and interest rates […] August 21, 2006 Yen lower on weak data Story link: Yen lower on weak data The US dollar was weaker on Monday, on what analysts called a delayed reaction to new data last week that showed inflation lower than had been predicted and fewer housing starts than expected among other indications that the US economy is slowing. Most analysts now expect that the Federal Reserve will again decline to […] August 18, 2006 Currencies decline on data Story link: Currencies decline on data Sterling was lower this week as a number of indicators led to the conclusion that the August move by the Bank of England to raise interest rates would likely not be followed immediately by further rate hikes. Even though some analysts still expect rates to rise in the UK one more time this year, […] August 17, 2006 Australian dollar weakens Story link: Australian dollar weakens Sterling was weaker on Thursday after gains last week in the wake of the Bank of England�s surprise move to raise UK interest rates. Even though most analysts expect the Bank or hike rates one more time this year, new data that show inflation up less than expected for both producers and customers, higher […] August 16, 2006 Producer price inflation numbers take US dollar lower Story link: Producer price inflation numbers take US dollar lower The dollar weakened again on Wednesday as new data showed that consumer price inflation grew less than had been expected in July. The new report, coupled with a weak producer price report on Tuesday, is persuading many analysts that interest rates in the United States might have reached a high point. Core consumer […] August 15, 2006 Renminbi falls against greenback Story link: Renminbi falls against greenback The US dollar was weaker on Tuesday on weak new economic data that analysts believe will decrease the chance of interest rates being raised in September. Producer price inflation was up only 0.1 percent in July, less than had been expected, with core inflation actually down 0.3 percent. In addition, the Empire State […] August 14, 2006 Major currencies see little movement Story link: Major currencies see little movement Major currencies saw little movement on Monday while emerging currencies declined amid a lack of new data. Some analysts put the losses to profit-taking, while others cited Friday�s healthy retail sales data from the United States and accompanying talk of further interest rate rises there. The Polish zloty and the Czech koruna each dropped 0.3 […] August 3, 2006 Sterling up on unexpected rate hike Story link: Sterling up on unexpected rate hike The Bank of England�s decision to raise interest rates in the UK strengthened sterling on Thursday. The surprising nature of the hike - most analysts did not expect the Monetary Policy Committee to raise rates this month - meant an extra boost for the UK currency. Sterling added 0.5 percent in relation to both the […] August 2, 2006 US dollar mixed Story link: US dollar mixed Sterling strengthened on Wednesday as new data on retail and construction gave traders confidence. In addition, some traders bet that the Bank of England will raise interest rates when the Bank�s Monetary Policy Committee meets on Thursday even though most analysts believe there is only about a 15 percent chance that such a rate […] August 1, 2006 Yen weaker against major currencies Story link: Yen weaker against major currencies The US dollar strengthened somewhat on Tuesday after newly released economic data revived speculation about the possibility that the Federal Reserve could raise interest rates again when it meets next week. Also helping the greenback were comments by new US Treasury secretary Hank Paulson, who repeated the �strong dollar� policy of that agency. […]
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