April 30, 2007

Emerging market currencies weaken on Turkish political developments

Story link: Emerging market currencies weaken on Turkish political developments

Despite gains early in the session, the US dollar had weakened by mid-afternoon trade in New York as new data on inflation in March came in lower than expected and the rate of business activity in the Midwest in April was not as vigorous as had been anticipated. Analysts said that if a survey […]

April 27, 2007

US dollar hits new low against euro

Story link: US dollar hits new low against euro

The US dollar weakened versus the euro on Friday after new data showed that US economic growth slowed to 1.3 percent in the first quarter of the year. The gross domestic product had been expected to rise by 1.8 percent in the quarter, and it was well below the 2.5 percent growth in the […]

April 26, 2007

New Zealand dollar lower on interest rate hike

Story link: New Zealand dollar lower on interest rate hike

The New Zealand dollar declined on Thursday after the Reserve Bank of New Zealand decided to raise interest rates there by 25 basis points to 7.75 percent. Despite the rate hike, comments from the Bank did not include any references to further economic tightening. This was the first time recently that such comments […]

April 25, 2007

German business sentiment helps euro

Story link: German business sentiment helps euro

The euro was stronger early Wednesday after the latest Ifo survey of German business sentiment was higher than had been predicted. It was at 108.6 in April after a reading of 107.7 in March. Analysts said that this new data made it almost certain that the European Central Bank will raise interest rates […]

April 24, 2007

Australian dollar loses 1 percent against US dollar, yen

Story link: Australian dollar loses 1 percent against US dollar, yen

The Australian dollar saw declines on Tuesday after producer and consumer price inflation data came in below what had been anticipated by analysts. After the report on producer price inflation on Monday, Tuesday’s figures on consumer price inflation showed that it had gone up by only 0.1 percent in the first quarter of 2007. […]

April 23, 2007

Yen helped by debt rating upgrade

Story link: Yen helped by debt rating upgrade

The US dollar strengthened on Monday, but analysts were not convinced that conditions had turned dollar-positive for the long term. The dollar added 0.2 percent against both the yen and the euro, to ¥118.90 and $1.3560 respectively, while it added $1.9995 in relation to sterling, a gain of 0.1 percent. The Australian dollar […]

April 12, 2007

ECB holds interest rates steady

Story link: ECB holds interest rates steady

The US dollar weakened on Thursday, falling 0.4 percent to ¥118.90 in relation to the Japanese yen and dropping 0.5 percent versus the euro, to $1.3490.
The euro was stronger as the European Central Bank left interest rates steady at 3.75 percent for the time being, but ECB president Jean-Claude Trichet left little doubt in his […]

April 11, 2007

Sterling strengthens on Treasury proposal on multinationals

Story link: Sterling strengthens on Treasury proposal on multinationals

Sterling was stronger on Wednesday morning after reports in the press that Treasury is considering allowing multinational companies based in the UK to repatriate their foreign profits without having to pay any taxes on them. The proposal is seen as a way to convince multinationals to locate their headquarters in the UK. The […]

April 10, 2007

US/China trade dispute hurts dollar

Story link: US/China trade dispute hurts dollar

The US dollar weakened on Tuesday as tensions grew between the United States and China after US complaints to the World Trade Organization over what the US sees as China’s failure to protect intellectual property rights. The US is also unhappy about restrictions China puts on the sale of foreign books and films […]

April 9, 2007

Dollar slightly higher on slow trading day

Story link: Dollar slightly higher on slow trading day

With most European markets still closed for the Easter holiday and little new economic news in the United States, the US dollar was neither gaining nor losing much in Monday morning currency trade. The dollar was unchanged versus the euro, trading at $1.3372. Sterling was 0.2 percent lower versus the greenback at $1.9613,while […]

April 5, 2007

Sterling, US dollar both weaker

Story link: Sterling, US dollar both weaker

Sterling weakened on Thursday after the Bank of England’s Monetary Policy Committee decided to leave interest rates in the UK on hold for at least another month. Most analysts, however, believe that the Bank will have to raise rates in May, from the current 5.25 percent to 5.5 percent. Also hurting the UK […]

April 4, 2007

Euro strengthens on German factory orders

Story link: Euro strengthens on German factory orders

The Australian dollar lost value on Wednesday after the Reserve Bank of Australia surprised by leaving interest rates at 6.25 percent. Most analysts had expected the Bank to raise rates by 25 basis points to 6.5 percent. The decline proved to be short-lived, however, and it quickly rose to stand 0.6 percent higher […]

April 3, 2007

Yen weaker on stronger equities markets

Story link: Yen weaker on stronger equities markets

The Japanese yen weakened on Tuesday as gains in global equities markets sent investors looking for riskier investments, which meant that many were once again selling the yen to finance high-risk carry trades. The yen was lower against both the US dollar and the euro by the middle of the afternoon in New York, […]

April 2, 2007

Australian dollar higher on interest rate expectations

Story link: Australian dollar higher on interest rate expectations

The Australian dollar reached its higher level in relation to the US dollar in 10 years on Monday as investors anticipated Tuesday’s meeting of the Reserve Bank of Australia, which is widely expected to raise interest rates. The Bank’s concern over inflation was heightened by data showing that retail sales were 0.9 percent higher […]


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	April 30, 2007 Emerging market currencies weaken on Turkish political developments Story link: Emerging market currencies weaken on Turkish political developments Despite gains early in the session, the US dollar had weakened by mid-afternoon trade in New York as new data on inflation in March came in lower than expected and the rate of business activity in the Midwest in April was not as vigorous as had been anticipated. Analysts said that if a survey […] April 27, 2007 US dollar hits new low against euro Story link: US dollar hits new low against euro The US dollar weakened versus the euro on Friday after new data showed that US economic growth slowed to 1.3 percent in the first quarter of the year. The gross domestic product had been expected to rise by 1.8 percent in the quarter, and it was well below the 2.5 percent growth in the […] April 26, 2007 New Zealand dollar lower on interest rate hike Story link: New Zealand dollar lower on interest rate hike The New Zealand dollar declined on Thursday after the Reserve Bank of New Zealand decided to raise interest rates there by 25 basis points to 7.75 percent. Despite the rate hike, comments from the Bank did not include any references to further economic tightening. This was the first time recently that such comments […] April 25, 2007 German business sentiment helps euro Story link: German business sentiment helps euro The euro was stronger early Wednesday after the latest Ifo survey of German business sentiment was higher than had been predicted. It was at 108.6 in April after a reading of 107.7 in March. Analysts said that this new data made it almost certain that the European Central Bank will raise interest rates […] April 24, 2007 Australian dollar loses 1 percent against US dollar, yen Story link: Australian dollar loses 1 percent against US dollar, yen The Australian dollar saw declines on Tuesday after producer and consumer price inflation data came in below what had been anticipated by analysts. After the report on producer price inflation on Monday, Tuesday’s figures on consumer price inflation showed that it had gone up by only 0.1 percent in the first quarter of 2007. […] April 23, 2007 Yen helped by debt rating upgrade Story link: Yen helped by debt rating upgrade The US dollar strengthened on Monday, but analysts were not convinced that conditions had turned dollar-positive for the long term. The dollar added 0.2 percent against both the yen and the euro, to ¥118.90 and $1.3560 respectively, while it added $1.9995 in relation to sterling, a gain of 0.1 percent. The Australian dollar […] April 12, 2007 ECB holds interest rates steady Story link: ECB holds interest rates steady The US dollar weakened on Thursday, falling 0.4 percent to ¥118.90 in relation to the Japanese yen and dropping 0.5 percent versus the euro, to $1.3490. The euro was stronger as the European Central Bank left interest rates steady at 3.75 percent for the time being, but ECB president Jean-Claude Trichet left little doubt in his […] April 11, 2007 Sterling strengthens on Treasury proposal on multinationals Story link: Sterling strengthens on Treasury proposal on multinationals Sterling was stronger on Wednesday morning after reports in the press that Treasury is considering allowing multinational companies based in the UK to repatriate their foreign profits without having to pay any taxes on them. The proposal is seen as a way to convince multinationals to locate their headquarters in the UK. The […] April 10, 2007 US/China trade dispute hurts dollar Story link: US/China trade dispute hurts dollar The US dollar weakened on Tuesday as tensions grew between the United States and China after US complaints to the World Trade Organization over what the US sees as China’s failure to protect intellectual property rights. The US is also unhappy about restrictions China puts on the sale of foreign books and films […] April 9, 2007 Dollar slightly higher on slow trading day Story link: Dollar slightly higher on slow trading day With most European markets still closed for the Easter holiday and little new economic news in the United States, the US dollar was neither gaining nor losing much in Monday morning currency trade. The dollar was unchanged versus the euro, trading at $1.3372. Sterling was 0.2 percent lower versus the greenback at $1.9613,while […] April 5, 2007 Sterling, US dollar both weaker Story link: Sterling, US dollar both weaker Sterling weakened on Thursday after the Bank of England’s Monetary Policy Committee decided to leave interest rates in the UK on hold for at least another month. Most analysts, however, believe that the Bank will have to raise rates in May, from the current 5.25 percent to 5.5 percent. Also hurting the UK […] April 4, 2007 Euro strengthens on German factory orders Story link: Euro strengthens on German factory orders The Australian dollar lost value on Wednesday after the Reserve Bank of Australia surprised by leaving interest rates at 6.25 percent. Most analysts had expected the Bank to raise rates by 25 basis points to 6.5 percent. The decline proved to be short-lived, however, and it quickly rose to stand 0.6 percent higher […] April 3, 2007 Yen weaker on stronger equities markets Story link: Yen weaker on stronger equities markets The Japanese yen weakened on Tuesday as gains in global equities markets sent investors looking for riskier investments, which meant that many were once again selling the yen to finance high-risk carry trades. The yen was lower against both the US dollar and the euro by the middle of the afternoon in New York, […] April 2, 2007 Australian dollar higher on interest rate expectations Story link: Australian dollar higher on interest rate expectations The Australian dollar reached its higher level in relation to the US dollar in 10 years on Monday as investors anticipated Tuesday’s meeting of the Reserve Bank of Australia, which is widely expected to raise interest rates. The Bank’s concern over inflation was heightened by data showing that retail sales were 0.9 percent higher […]
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