US dollar weakens as yen strengthens
Story link: US dollar weakens as yen strengthens
The US dollar weakened on Monday, dropping in relation to the euro and the yen. Analysts were divided on the reason for the decline. Some attributed it to continued worries over the standoff between Iran and the West over the Middle Eastern nation�s insistence on carrying on with its uranium enrichment program. […]
Euro, sterling strengthen on week
Story link: Euro, sterling strengthen on week
The Japanese yen weakened during the week after the Bank of Japan voted to raise the interest rate to 0.5 percent but said that further rises would be gradual and �accommodative�. Later comments by the Bank�s governor led most analysts to believe that the rate there would not be raised again in the foreseeable […]
Japan interest rate hike doesn’t help yen
Story link: Japan interest rate hike doesn’t help yen
The Bank of Japan�s decision to raise interest rates to 0.5 percent, announced on Wednesday, did not help the yen gain any ground against global currencies. The Bank voted 8 to 1 to raise the rate by 25 basis points. In its comments accompanying the announcement, the bank said that future raises would […]
Yen strengthens this week
Story link: Yen strengthens this week
The Japanese yen saw gains late in the week after new data showed that Japan�s economy had grown more than expected, lifting the possibility that the Bank of Japan will raise interest rates when it meets next week. The late week gains came after declines early after warnings emerged from the G7 meeting last […]
Sterling, euro strengthen on data, comments
Story link: Sterling, euro strengthen on data, comments
The US dollar weakened after Federal Reserve chairman Ben Bernanke testified before Congress on Wednesday. Mr. Bernanke said that that the US economy would continue to grow, but at a slower pace than it had last year, and that pressures toward inflation were beginning to ease somewhat. The dollar was also hurt by […]
Euro, yen stronger on data
Story link: Euro, yen stronger on data
The euro strengthened on Tuesday, helped by a Eurozone gross domestic product that was higher for both the fourth quarter and for 2006 as a whole. In addition the ZEW survey of investor confidence in German seemed to indicate that the economy will pick up after the newness of the increased value added tax, […]
Euro stronger after ECB decision
Story link: Euro stronger after ECB decision
The Japanese yen was weaker this week, ahead of different opinions about how it would be treated at the G7 meeting this weekend in Germany. European officials voiced concerns about recent weakness in the Japanese currency and indicated that they hoped to discuss the issue as a major part of the meeting of finance […]
Sterling, yen, Swiss franc all weaker
Story link: Sterling, yen, Swiss franc all weaker
Sterling weakened on Thursday after the Monetary Policy Committee of the Bank of England decided to leave interest rates at their current level of 5.25 percent. Some analysts believe interest rates have peaked, but other are not so sure and expect rates to rise again this year. Those who believe that rates have […]
Sterling strengthens while yen declines
Story link: Sterling strengthens while yen declines
The Japanese yen was higher versus both the US dollar and the euro during Tuesday�s session, but it later dropped to losses on both currencies after US Treasury Secretary Hank Paulson made comments that were taken to mean that the US is not too concerned about recent yen weakness. After the yen rose to […]
Sterling strengthens while yen declines
Story link: Sterling strengthens while yen declines
The Japanese yen was higher versus both the US dollar and the euro during Tuesday’s session, but it later dropped to losses on both currencies after US Treasury Secretary Hank Paulson made comments that were taken to mean that the US is not too concerned about recent yen weakness. After the yen rose to […]
US dollar weaker over week
Story link: US dollar weaker over week
The yen weakened versus the euro and sterling this week, but gained on the US dollar as the greenback weakened after the Federal Reserve voted to hold interest rates at 5.25 percent for another month. Even though the Fed’s decision was expected, the statement released with the announcement was not as strong as some […]
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