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Sterling strengthened on Monday after new data showed that house prices in the UK rose at their fastest rate in two years in October and mortgage approvals were at their highest in two and a half years in September. Both reports appeared to indicate that the Bank of England will raise interest rates again […]

US dollar weaker after Fed decision, remarks

Story link: US dollar weaker after Fed decision, remarks

The US dollar weakened on Thursday, following the decision by the Federal Reserve on Wednesday to keep interest rates at 5.25 percent for another month. Perhaps even more influential than the decision not to alter the rate were the comments that accompanied the announcement, which was not sufficiently concerned about the possibility of inflation […]

US dollar weaker after Fed decision, remarks

Story link: US dollar weaker after Fed decision, remarks

The US dollar weakened on Thursday, following the decision by the Federal Reserve on Wednesday to keep interest rates at 5.25 percent for another month. Perhaps even more influential than the decision not to alter the rate were the comments that accompanied the announcement, which was not sufficiently concerned about the possibility of inflation […]

Euro stronger on Ifo data

Story link: Euro stronger on Ifo data

The euro gained strength on Wednesday on the heels of a new business confidence survey out of Germany. The Ifo business climate index was at 105.3 in October, up from 104.9 in September. The index had been expected to drop to 104.5. Analysts said that the growth indicated in the new data […]

Euro stronger on Ifo data

Story link: Euro stronger on Ifo data

The euro gained strength on Wednesday on the heels of a new business confidence survey out of Germany. The Ifo business climate index was at 105.3 in October, up from 104.9 in September. The index had been expected to drop to 104.5. Analysts said that the growth indicated in the new data […]

Sterling weaker on new economic data

Story link: Sterling weaker on new economic data

The Japanese yen was weaker on Tuesday despite comments from Japan’s vice minister for internal affairs that he did not see his nation’s currency declining beyond current levels. Some analysts said that the comments were meant for the consumption of European Central Bank officials and were in reference to the euro’s recent gains versus […]

Sterling weakens versus US dollar, euro

Story link: Sterling weakens versus US dollar, euro

Declining oil prices and a slight easing of the North Korean situation helped the US dollar strengthen on Monday, but investors seemed unwilling to make large commitments before the scheduled meeting of the US Federal Reserve later in the week. Most analysts expect that the Fed will once again leave interest rates on hold, […]

Sterling weakens versus US dollar, euro

Story link: Sterling weakens versus US dollar, euro

Declining oil prices and a slight easing of the North Korean situation helped the US dollar strengthen on Monday, but investors seemed unwilling to make large commitments before the scheduled meeting of the US Federal Reserve later in the week. Most analysts expect that the Fed will once again leave interest rates on hold, […]

Sterling higher on data

Story link: Sterling higher on data

The Japanese yen ended the week higher after the Russian central bank announced that it would buy more yen for its foreign-exchange reserves and on a report in a Japanese newspaper that the Bank of Japan will watch carry trades more closely. Even though the Bank denied that report, analysts felt that the report […]

US dollar stronger on housing starts

Story link: US dollar stronger on housing starts

The Japanese yen made gains early against the US dollar and the euro on Wednesday after newspaper reports implied that the Bank of Japan is getting ready to increase its scrutiny of carry trades. The gains were lost later in the session, however, when the Bank denied that it would watch the trades more […]

US dollar stronger on housing starts

Story link: US dollar stronger on housing starts

The Japanese yen made gains early against the US dollar and the euro on Wednesday after newspaper reports implied that the Bank of Japan is getting ready to increase its scrutiny of carry trades. The gains were lost later in the session, however, when the Bank denied that it would watch the trades more […]

US Dollar declines despite data

Story link: US Dollar declines despite data

New data that showed consumer prices up 2.4 percent in the UK in September, down from August’s figure of 2.5 percent, did nothing to change the opinion of most analysts that the Bank of England will raise interest rates again in September. Most of the declines was said to be due to dropping oil […]

Sterling strengthens on housing data

Story link: Sterling strengthens on housing data

The Japanese yen strengthened on Monday after the central bank in Russia said it has begun purchasing the currency as part of its reserves. The first deputy chairman of the Russian bank said at a conference in Moscow that it wants to diversify. By mid-afternoon in New York, the yen had added 0.3 […]

Oil prices hurt krone, Canadian dollar

Story link: Oil prices hurt krone, Canadian dollar

The dollar was nearly unchanged Wednesday but managed to hold on to recent gains as the chance of an interest rate cut early next year was thought to be dropping. The opinion that a rate cut is not in the cards came largely from remarks by Federal Reserve officials that indicated no inclination to […]

Oil prices hurt krone, Canadian dollar

Story link: Oil prices hurt krone, Canadian dollar

The dollar was nearly unchanged Wednesday but managed to hold on to recent gains as the chance of an interest rate cut early next year was thought to be dropping. The opinion that a rate cut is not in the cards came largely from remarks by Federal Reserve officials that indicated no inclination to […]

Most currencies unmoved by North Korea test

Story link: Most currencies unmoved by North Korea test

North Korea’s claims that it has carried out a long-threatened nuclear test affected few currencies markets on Monday. The biggest fall came in South Korea’s currency, and while some other Asian currencies were also affected, the damage was much less. This was due primarily to the fact that North Korea is too remote […]

Bank of England declines to raise rates

Story link: Bank of England declines to raise rates

The euro weakened on Thursday after the European Central Bank raised interest rates in the Eurozone by 25 basis points to 3.25 percent and the president of the ECB made comments after the Bank’s meeting that indicated another rate hike is coming before the end of the year, which most analysts expect to come in […]

Some commodity-linked currencies decline

Story link: Some commodity-linked currencies decline

The US dollar was higher on Wednesday as investors hoped that dropping commodities prices could help the US economy. But while some analysts said that the drop in prices, especially for crude oil, had been important psychologically, new data such as that from the US Institute for Supply Management that showed a bigger decline […]

Purchasing managers’ reports drive currency markets

Story link: Purchasing managers’ reports drive currency markets

The US dollar was weaker on Monday after the US Institute of Supply Management’s purchasing managers’ index was lower than had been predicted in September, another indication that the economy in the United States is slowing down. With employment figures due at the end of the week, some analysts are predicting a down week […]

Purchasing managers’ reports drive currency markets

Story link: Purchasing managers’ reports drive currency markets

The US dollar was weaker on Monday after the US Institute of Supply Management’s purchasing managers’ index was lower than had been predicted in September, another indication that the economy in the United States is slowing down. With employment figures due at the end of the week, some analysts are predicting a down week […]