Daily Forex News
 
Daily World Currencies News from London
Friday 25th of July 2008
January 31, 2007

US dollar weakens after Fed interest rate vote

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US dollar weakens after Fed interest rate vote

The US dollar declined on Wednesday after the Federal Reserve chose not to raise interest rates for the fifth time in a row. Also hurting the greenback was a weak Chicago PMI index that was at 48.8 in January, its lowest level since April 2003 and below December’s 51.6 reading. The dollar was […]



January 26, 2007

Sterling weakens on BofE minutes, remarks

Story link: Sterling weakens on BofE minutes, remarks


Sterling weakens on BofE minutes, remarks

The yen had saw a turbulent week this week, sinking to multi-year lows against the US dollar, Australian dollar and sterling, while hitting another all-time low versus the euro before gaining against all but the US dollar by the end of the week despite declines on Friday. The Japanese currency was helped late in […]



January 22, 2007

Sterling strengthens on rising house prices

Story link: Sterling strengthens on rising house prices


Sterling strengthens on rising house prices

The yen weakened further on Monday as fallout continued from last week’s decision by the Bank of Japan to leave interest rates at 0.25 percent for the time being. Investors continued to finance long positions in higher-yielding currencies by selling the relatively low-yielding yen, with record levels of short yen positions on the New […]



January 18, 2007

Swiss franc weakens on analyst comments

Story link: Swiss franc weakens on analyst comments


Swiss franc weakens on analyst comments

The Japanese yen was weaker on Thursday after the Bank of Japan decided to keep interest rates at their current level for the present. Up until a day or two ago, most analysts expected that the Bank would raise rates by 25 basis points to 0.5 percent, but the Bank’s board voted by 6 […]



January 17, 2007

Yen weaker as rate hopes fade

Story link: Yen weaker as rate hopes fade


Yen weaker as rate hopes fade

With analysts saying that more interest rate hikes are likely in store from the Bank of England, sterling strengthened on Wednesday. Many look for another rate increase as early as February or March. Analysts base their expectations on new data that show unemployment in the UK dropped at its fastest rate in nearly […]



January 15, 2007

Yen declines on rate speculation

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Yen declines on rate speculation

Sterling was stronger on Monday on new data and last week’s interest rate hike from the Bank of England. New figures showed that UK output prices were 0.2 percent higher in December. This was said to confirm the Bank’s idea that companies are finally widening margins after losses when energy prices were so […]



January 11, 2007

Eurozone interest rate left on hold

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Eurozone interest rate left on hold

In a surprise move, the Bank of England raised interest rates on Thursday, hiking the rate by 25 basis points from 5 percent to 5.25 percent. Most analysts had expected an increase in interest rates, but not until February. The hike spurred rumors that the UK consumer price inflation index for December will […]



January 9, 2007

Sterling stronger ahead of Bank of England meeting this week

Story link: Sterling stronger ahead of Bank of England meeting this week


Sterling stronger ahead of Bank of England meeting this week

The US dollar was stronger on Tuesday as investors bet that lower crude oil prices would help spur growth in the US economy. Crude oil prices were down to levels not seen since July 2005 and heating oil demand remained low amid continuing mild weather in much of the nation.
In mid-afternoon trade, the dollar […]



January 4, 2007

US Dollar stronger despite mixed data

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US Dollar stronger despite mixed data

The US dollar strengthened on Thursday as analysts characterized new economic data as mixed but more positive than had been anticipated. Unemployment claims were higher last week and growth slowed in the services sector in December, but factory orders were up a bit in the latest available report.
In mid-afternoon trade in New York, the […]



January 3, 2007

Swiss franc weaker on session

Story link: Swiss franc weaker on session


Swiss franc weaker on session

The US dollar saw gains on Wednesday after a key manufacturing index showed an advance. The ISM manufacturing index was at 51.4 in December after being at 49.5 in November. Some analysts took this, along with data showing that the auto and housing sectors are beginning to stabilize, as a sign that the […]



Swiss franc weaker on session

Story link: Swiss franc weaker on session


Swiss franc weaker on session

The US dollar saw gains on Wednesday after a key manufacturing index showed an advance. The ISM manufacturing index was at 51.4 in December after being at 49.5 in November. Some analysts took this, along with data showing that the auto and housing sectors are beginning to stabilize, as a sign that the […]



January 2, 2007

US dollar weaker to begin new year

Story link: US dollar weaker to begin new year


US dollar weaker to begin new year

With trade light as Japanese markets remained closed for the holidays and US markets were closed due to a national day of mourning following the death of former President Gerald Ford, sterling was stronger while the yen declined to a new low versus the euro and the US dollar saw declines.
Sterling added 0.1 percent to […]



US dollar weaker to begin new year

Story link: US dollar weaker to begin new year


US dollar weaker to begin new year

With trade light as Japanese markets remained closed for the holidays and US markets were closed due to a national day of mourning following the death of former President Gerald Ford, sterling was stronger while the yen declined to a new low versus the euro and the US dollar saw declines.
Sterling added 0.1 percent to […]




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[Most Recent Exchange Rate from www.kitco.com] [Most Recent Exchange Rate from www.kitco.com]
[Most Recent Exchange Rate from www.kitco.com] [Most Recent Exchange Rate from www.kitco.com]
[Most Recent Exchange Rate from www.kitco.com] [Most Recent Exchange Rate from www.kitco.com]