September 29, 2006

Euro nears historic high versus yen

Story link: Euro nears historic high versus yen

The US dollar was stronger during the week after the US core personal consumption expenditures deflator figures in August were higher than had been expected. The deflator, which is the Federal Reserve�s favorite measure of inflation, was at its highest annualized rate in eleven years. The greenback was 0.9 percent higher versus the […]

Euro nears historic high versus yen

Story link: Euro nears historic high versus yen

The US dollar was stronger during the week after the US core personal consumption expenditures deflator figures in August were higher than had been expected. The deflator, which is the Federal Reserve�s favorite measure of inflation, was at its highest annualized rate in eleven years. The greenback was 0.9 percent higher versus the […]

September 28, 2006

Euro strengthens versus yen

Story link: Euro strengthens versus yen

Sterling was weaker on Thursday after the UK Office for National Statistics admitted that it had made an error in calculating overall inflation for goods and services produced in the UK and cut its estimate of that inflation from 3.4 percent to 2.2 percent. After the admission, sterling dropped 0.7 percent to �0.6772 against […]

Euro strengthens versus yen

Story link: Euro strengthens versus yen

Sterling was weaker on Thursday after the UK Office for National Statistics admitted that it had made an error in calculating overall inflation for goods and services produced in the UK and cut its estimate of that inflation from 3.4 percent to 2.2 percent. After the admission, sterling dropped 0.7 percent to �0.6772 against […]

September 27, 2006

Sterling lower on data, comments

Story link: Sterling lower on data, comments

Comments from new Japanese finance minster Koji Omi sent the yen lower in relation to the euro on Wednesday. He proclaimed himself �not an expert� on foreign exchange markets but allowed that currency rates should �reflect economic fundamentals�. He also said that the markets should not move based on his comments, but that […]

Sterling lower on data, comments

Story link: Sterling lower on data, comments

Comments from new Japanese finance minster Koji Omi sent the yen lower in relation to the euro on Wednesday. He proclaimed himself �not an expert� on foreign exchange markets but allowed that currency rates should �reflect economic fundamentals�. He also said that the markets should not move based on his comments, but that […]

September 21, 2006

US dollar weaker against major currencies

Story link: US dollar weaker against major currencies

The US dollar was weaker on Thursday after Wednesday�s decision by the Federal Reserve not to raise interest rates for the second month in a row and the comments that accompanied the announcement, which had BNP Paribas predicting that the Fed could have to lower rates before the year is out. Also hurting the […]

September 19, 2006

New data hurts euro, greenback

Story link: New data hurts euro, greenback

A comment from Japan�s chief cabinet secretary, who is considered to be the most likely choice to be the next prime minister, was credited with helping the yen strengthen on Tuesday. He said he believes that currencies should reflect economic fundamentals, which was interpreted by many analysts to meant that he is willing to […]

September 18, 2006

Euro slightly stronger against sterling, US dollar

Story link: Euro slightly stronger against sterling, US dollar

The Japanese yen weakened on Monday, apparently despite a conscious effort by officials of central banks to make statements in support of the Japanese currency. The official statement at the end of this weekend�s G7 meeting did not specifically mention the yen, but only said that �greater flexibility� in exchange rates would be a […]

September 15, 2006

Swiss franc declines on rate hike

Story link: Swiss franc declines on rate hike

The US dollar strengthened somewhat on Friday after new consumer price inflation data showed that consumer inflation was up 0.2 percent month-on-month, putting the annual core inflation rate at 2.8 percent, about what had been expected. Meanwhile a consumer sentiment survey by the University of Michigan showed that the mood of US consumers was […]

September 14, 2006

Sterling helped by UK sales data

Story link: Sterling helped by UK sales data

The Swiss National Bank raised interest rates by a quarter of a percentage point on Thursday, but signaled that it will not pursue further rate hikes aggressively. The three-month rate was raised to 1.75 percent as the Bank reaffirmed that it would stick to its policy of gradual tightening. The rate hike did […]

September 12, 2006

Safe-haven status helps Swiss franc advance

Story link: Safe-haven status helps Swiss franc advance

Consumer prices were up from 2.4 percent in July to 2.5 percent in August, sending core inflation up to 1.1 percent year-on-year, up from 0.9 percent in July. It was the fourth month in a row in which the consumer price index stayed higher than the Bank of England�s target of 2 percent. […]

September 7, 2006

Yen strengthens in advance of G7 meeting

Story link: Yen strengthens in advance of G7 meeting

The Japanese yen strengthened on Thursday ahead of a meeting of the G7 scheduled for late next week in Singapore, where the International Monetary Fund will also hold a meeting next week. Germany�s deputy finance minister was quoted as saying that the yen will be discussed at both meetings. It had been expected […]

September 6, 2006

Australian dollar drops on slowing economy

Story link: Australian dollar drops on slowing economy

The US dollar strengthened on new data showing that labor unit costs were up by 4.9 percent in the second quarter, but some analysts questioned the data, saying that corporate profitability would not be as strong as it is if the labor unit costs are accurate. Analysts also questioned new non-manufacturing data from the […]

September 5, 2006

Sterling weaker as US dollar strengthens

Story link: Sterling weaker as US dollar strengthens

The yen was stronger again on Tuesday as investors anticipated the Bank of Japan�s monetary policy report, due to be presented on Friday. Rumors that the Bank�s governor will hint that further advances in the interest rate could still be forthcoming this year helped the Japanese currency�s gains, as did positive new economic data […]

September 1, 2006

Renminbi in best week since revaluation

Story link: Renminbi in best week since revaluation

The yen lost value during the week due to weak economic data out of Japan. Inflation was lower than expected, while construction orders, housing starts, and industrial production were all below expected levels. All this data led analysts to believe that Japanese interest rates will likely not be raised for the rest of […]


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	September 29, 2006 Euro nears historic high versus yen Story link: Euro nears historic high versus yen The US dollar was stronger during the week after the US core personal consumption expenditures deflator figures in August were higher than had been expected. The deflator, which is the Federal Reserve�s favorite measure of inflation, was at its highest annualized rate in eleven years. The greenback was 0.9 percent higher versus the […] Euro nears historic high versus yen Story link: Euro nears historic high versus yen The US dollar was stronger during the week after the US core personal consumption expenditures deflator figures in August were higher than had been expected. The deflator, which is the Federal Reserve�s favorite measure of inflation, was at its highest annualized rate in eleven years. The greenback was 0.9 percent higher versus the […] September 28, 2006 Euro strengthens versus yen Story link: Euro strengthens versus yen Sterling was weaker on Thursday after the UK Office for National Statistics admitted that it had made an error in calculating overall inflation for goods and services produced in the UK and cut its estimate of that inflation from 3.4 percent to 2.2 percent. After the admission, sterling dropped 0.7 percent to �0.6772 against […] Euro strengthens versus yen Story link: Euro strengthens versus yen Sterling was weaker on Thursday after the UK Office for National Statistics admitted that it had made an error in calculating overall inflation for goods and services produced in the UK and cut its estimate of that inflation from 3.4 percent to 2.2 percent. After the admission, sterling dropped 0.7 percent to �0.6772 against […] September 27, 2006 Sterling lower on data, comments Story link: Sterling lower on data, comments Comments from new Japanese finance minster Koji Omi sent the yen lower in relation to the euro on Wednesday. He proclaimed himself �not an expert� on foreign exchange markets but allowed that currency rates should �reflect economic fundamentals�. He also said that the markets should not move based on his comments, but that […] Sterling lower on data, comments Story link: Sterling lower on data, comments Comments from new Japanese finance minster Koji Omi sent the yen lower in relation to the euro on Wednesday. He proclaimed himself �not an expert� on foreign exchange markets but allowed that currency rates should �reflect economic fundamentals�. He also said that the markets should not move based on his comments, but that […] September 21, 2006 US dollar weaker against major currencies Story link: US dollar weaker against major currencies The US dollar was weaker on Thursday after Wednesday�s decision by the Federal Reserve not to raise interest rates for the second month in a row and the comments that accompanied the announcement, which had BNP Paribas predicting that the Fed could have to lower rates before the year is out. Also hurting the […] September 19, 2006 New data hurts euro, greenback Story link: New data hurts euro, greenback A comment from Japan�s chief cabinet secretary, who is considered to be the most likely choice to be the next prime minister, was credited with helping the yen strengthen on Tuesday. He said he believes that currencies should reflect economic fundamentals, which was interpreted by many analysts to meant that he is willing to […] September 18, 2006 Euro slightly stronger against sterling, US dollar Story link: Euro slightly stronger against sterling, US dollar The Japanese yen weakened on Monday, apparently despite a conscious effort by officials of central banks to make statements in support of the Japanese currency. The official statement at the end of this weekend�s G7 meeting did not specifically mention the yen, but only said that �greater flexibility� in exchange rates would be a […] September 15, 2006 Swiss franc declines on rate hike Story link: Swiss franc declines on rate hike The US dollar strengthened somewhat on Friday after new consumer price inflation data showed that consumer inflation was up 0.2 percent month-on-month, putting the annual core inflation rate at 2.8 percent, about what had been expected. Meanwhile a consumer sentiment survey by the University of Michigan showed that the mood of US consumers was […] September 14, 2006 Sterling helped by UK sales data Story link: Sterling helped by UK sales data The Swiss National Bank raised interest rates by a quarter of a percentage point on Thursday, but signaled that it will not pursue further rate hikes aggressively. The three-month rate was raised to 1.75 percent as the Bank reaffirmed that it would stick to its policy of gradual tightening. The rate hike did […] September 12, 2006 Safe-haven status helps Swiss franc advance Story link: Safe-haven status helps Swiss franc advance Consumer prices were up from 2.4 percent in July to 2.5 percent in August, sending core inflation up to 1.1 percent year-on-year, up from 0.9 percent in July. It was the fourth month in a row in which the consumer price index stayed higher than the Bank of England�s target of 2 percent. […] September 7, 2006 Yen strengthens in advance of G7 meeting Story link: Yen strengthens in advance of G7 meeting The Japanese yen strengthened on Thursday ahead of a meeting of the G7 scheduled for late next week in Singapore, where the International Monetary Fund will also hold a meeting next week. Germany�s deputy finance minister was quoted as saying that the yen will be discussed at both meetings. It had been expected […] September 6, 2006 Australian dollar drops on slowing economy Story link: Australian dollar drops on slowing economy The US dollar strengthened on new data showing that labor unit costs were up by 4.9 percent in the second quarter, but some analysts questioned the data, saying that corporate profitability would not be as strong as it is if the labor unit costs are accurate. Analysts also questioned new non-manufacturing data from the […] September 5, 2006 Sterling weaker as US dollar strengthens Story link: Sterling weaker as US dollar strengthens The yen was stronger again on Tuesday as investors anticipated the Bank of Japan�s monetary policy report, due to be presented on Friday. Rumors that the Bank�s governor will hint that further advances in the interest rate could still be forthcoming this year helped the Japanese currency�s gains, as did positive new economic data […] September 1, 2006 Renminbi in best week since revaluation Story link: Renminbi in best week since revaluation The yen lost value during the week due to weak economic data out of Japan. Inflation was lower than expected, while construction orders, housing starts, and industrial production were all below expected levels. All this data led analysts to believe that Japanese interest rates will likely not be raised for the rest of […]
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Euro nears historic high versus yen

Euro nears historic high versus yen

Euro strengthens versus yen

Euro strengthens versus yen

Sterling lower on data, comments

Sterling lower on data, comments

US dollar weaker against major currencies

New data hurts euro, greenback

Euro slightly stronger against sterling, US dollar

Swiss franc declines on rate hike

Sterling helped by UK sales data

Safe-haven status helps Swiss franc advance

Yen strengthens in advance of G7 meeting

Australian dollar drops on slowing economy

Sterling weaker as US dollar strengthens

Renminbi in best week since revaluation