May 31, 2007

US dollar lower versus euro, sterling

Story link: US dollar lower versus euro, sterling

The US dollar was temporarily buoyed by a new report showing that US Midwest business activity was better than expected in May, even as GDP figures from the first quarter were weaker than had been anticipated. The greenback was as high as ¥121.98 versus the yen on the mixed news, but by midday trade […]

May 30, 2007

Yen, Swiss franc see gains

Story link: Yen, Swiss franc see gains

The US dollar didn’t make any headway in relation to low yielding currencies such as the Japanese yen and Swiss franc on Wednesday, but had more success against major currencies. Even so, analysts called recent moves by China, including today’s increase in taxes on share transactions, dollar positive. The dollar added 0.1 […]

May 29, 2007

Euro hits new high versus yen

Story link: Euro hits new high versus yen

At midday in New York on Tuesday, the Canadian dollar had added 0.8 percent in relation to the US dollar to trade at C$1.0715 to the greenback, its highest level in 29 years. While the Bank of Canada held interest rates there at 4.25 percent, the statement that accompanied the announcement of the decision […]

May 25, 2007

Sterling stronger over week

Story link: Sterling stronger over week

Sterling strengthened over the week for the best performance of a major currency after analysts reiterated their expectation that interest rates will rise again soon in the UK. The release of the minutes of this month’s meeting of the Bank of England’s Monetary Policy Committee seemed to indicate that another rise is in the […]

May 24, 2007

Greenback, yen strengthen

Story link: Greenback, yen strengthen

After former US Federal Reserve chairman Alan Greenspan expressed worry that the Chinese stock market could suffer a “dramatic contraction”, the yen and the US dollar strengthened and emerging market currencies were halted in their gains versus the greenback.
The yen gained as investors backed off from risky carry-trades after Mr. Greenspan’s remarks. Investors also […]

May 22, 2007

US dollar mixed as Philippine peso hits seven-year high against greenback

Story link: US dollar mixed as Philippine peso hits seven-year high against greenback

Emerging market currencies continued their success in relation to the US dollar on Tuesday as the Philippine peso hit its highest level in almost seven years against the greenback. The gain was believed by most analysts to have been triggered by comments from Philippine president Gloria Arroyo, who said the strength of the currency […]

May 21, 2007

Yen weakens; US dollar mixed

Story link: Yen weakens; US dollar mixed

The yen weakened in London trade on Monday as the Japanese currency fell back from gains late last week after China raised interest rates and slightly eased controls on its currency. After falling to a new low of ¥163.94 versus the shared currency in the morning session, it recovered slightly to trade at ¥163.75 […]

May 18, 2007

China widens ability of currency to rise and fall against the US dollar

Story link: China widens ability of currency to rise and fall against the US dollar

China’s central bank increased the band in which the renminbi can rise and fall against the US dollar in a session from 0.3 percent to 0.5 percent on Friday. The move was interpreted by most analysts as in line with Beijing’s stated policy of strengthening its currency slowly. It is seen as being […]

May 17, 2007

Bank of Japan holds interest rates as GDP grows less than expected

Story link: Bank of Japan holds interest rates as GDP grows less than expected

The yen was weaker on Thursday after new data showed that Japan’s gross domestic product was up at an annualized rate of just 2.4 percent in the first quarter, below the 2.7 percent rise that had been expected. At the same time, the Bank of Japan decided to leave interest rates at 0.5 […]

May 16, 2007

Yen, sterling weaken as emerging currencies gain on US dollar

Story link: Yen, sterling weaken as emerging currencies gain on US dollar

Several emerging markets currencies strengthened in relation to the US dollar on Wednesday after new data on Tuesday made it seem more likely that US interest rates could be cut soon. This made investors more willing to take on risk and helped emerging markets.
The Brazilian real added 1.1 percent to trade at $$1.9610 […]

May 15, 2007

Economic data drives currency trade

Story link: Economic data drives currency trade

Sterling weakened on Tuesday after new consumer price inflation data in the UK showed the CPI was up only 0.3 percent in April. This brought the annual rate of inflation down to 2.8 percent, from 3.1 percent in March, and made it less likely that the Bank of England will raise interest rates again […]

May 14, 2007

New Zealand dollar gains on retail sales data

Story link: New Zealand dollar gains on retail sales data

With producer price inflation figures weaker than had been anticipated in the UK, sterling weakened in Monday trade. The new data shows that input prices were up just 0.7 percent in April. They had been expected to rise by 1 percent. Core output prices were up just 0.1 percent. The UK […]

May 11, 2007

Yen, US dollar strengthen; Australian dollar gains on both

Story link: Yen, US dollar strengthen; Australian dollar gains on both

The US dollar and the Japanese yen strengthened during the week amid a rash of central bank decisions on interest but the Australian dollar gained on both on news that retail sales were up and unemployment down increased the likelihood that the Reserve Bank of Australia will raise interest rates soon. The Australian currency […]

May 10, 2007

Sterling declines on trade, industrial data

Story link: Sterling declines on trade, industrial data

Sterling weakened against both the US dollar and the euro on Thursday after the Bank of England’s Monetary Policy Committee raised UK interest rates to 5.5 percent. The rate hike had been expected. More important in the decline of the pound was UK trade data that was weak and industrial production numbers that […]

May 9, 2007

Sterling, yen stronger on session

Story link: Sterling, yen stronger on session

The US dollar was steady ahead of the Federal Reserve’s newest decision on interest rates on Wednesday. Most analysts were expecting that the Fed would keep rates on hold and many were more interested to see the statement accompanying the decision than they were to see the decision itself. By mid-afternoon in New […]

May 8, 2007

Australian dollar up on retail sales data

Story link: Australian dollar up on retail sales data

With new figures showing that retail sales in Australia were up by 1.1 percent in March, twice the amount expected by analysts, the Australian dollar added 0.5 percent versus the US dollar to $0.8285. The new figures prompted renewed speculation that the Reserve Bank of Australia might raise interest rates again soon. […]

May 7, 2007

US dollar weakens ahead of rate decisions this week

Story link: US dollar weakens ahead of rate decisions this week

The US dollar was lower on Monday ahead of interest rate decisions in the US on Wednesday and in the UK and Eurozone on Thursday. The Federal Reserve in the US and the European Central Bank are both expected to hold interest rates steady this week, although many analysts expect a Eurozone rate hike […]

May 4, 2007

Yen, Swiss franc weaken

Story link: Yen, Swiss franc weaken

The US dollar strengthened this week on new, stronger than expected data from both the manufacturing and services sectors. On Friday, new data from the US Labor Department showed that unemployment was up to 4.5 percent in April while only 88,000 new jobs were created in the month, the smallest gain in over two […]

May 3, 2007

Sterling gains on euro despite services data

Story link: Sterling gains on euro despite services data

The US dollar strengthened again on Thursday after the ISM non-manufacturing survey for April came in at 56, up from 52.4 in March. The result was higher than expected, as was Tuesday’s manufacturing sector survey. With US employment figures due Friday, some analysts were of the opinion that sentiment toward the dollar is […]

May 2, 2007

Sterling weakens on slow mortgage approvals

Story link: Sterling weakens on slow mortgage approvals

The US dollar gained on the yen and the euro on Wednesday after Tuesday’s news that the ISM survey of US manufacturing was at its highest point in nearly a year in April. The gain in manufacturing was unexpected, and some analysts counseled waiting for another month of results before declaring an end to […]


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	May 31, 2007 US dollar lower versus euro, sterling Story link: US dollar lower versus euro, sterling The US dollar was temporarily buoyed by a new report showing that US Midwest business activity was better than expected in May, even as GDP figures from the first quarter were weaker than had been anticipated. The greenback was as high as ¥121.98 versus the yen on the mixed news, but by midday trade […] May 30, 2007 Yen, Swiss franc see gains Story link: Yen, Swiss franc see gains The US dollar didn’t make any headway in relation to low yielding currencies such as the Japanese yen and Swiss franc on Wednesday, but had more success against major currencies. Even so, analysts called recent moves by China, including today’s increase in taxes on share transactions, dollar positive. The dollar added 0.1 […] May 29, 2007 Euro hits new high versus yen Story link: Euro hits new high versus yen At midday in New York on Tuesday, the Canadian dollar had added 0.8 percent in relation to the US dollar to trade at C$1.0715 to the greenback, its highest level in 29 years. While the Bank of Canada held interest rates there at 4.25 percent, the statement that accompanied the announcement of the decision […] May 25, 2007 Sterling stronger over week Story link: Sterling stronger over week Sterling strengthened over the week for the best performance of a major currency after analysts reiterated their expectation that interest rates will rise again soon in the UK. The release of the minutes of this month’s meeting of the Bank of England’s Monetary Policy Committee seemed to indicate that another rise is in the […] May 24, 2007 Greenback, yen strengthen Story link: Greenback, yen strengthen After former US Federal Reserve chairman Alan Greenspan expressed worry that the Chinese stock market could suffer a “dramatic contraction”, the yen and the US dollar strengthened and emerging market currencies were halted in their gains versus the greenback. The yen gained as investors backed off from risky carry-trades after Mr. Greenspan’s remarks. Investors also […] May 22, 2007 US dollar mixed as Philippine peso hits seven-year high against greenback Story link: US dollar mixed as Philippine peso hits seven-year high against greenback Emerging market currencies continued their success in relation to the US dollar on Tuesday as the Philippine peso hit its highest level in almost seven years against the greenback. The gain was believed by most analysts to have been triggered by comments from Philippine president Gloria Arroyo, who said the strength of the currency […] May 21, 2007 Yen weakens; US dollar mixed Story link: Yen weakens; US dollar mixed The yen weakened in London trade on Monday as the Japanese currency fell back from gains late last week after China raised interest rates and slightly eased controls on its currency. After falling to a new low of ¥163.94 versus the shared currency in the morning session, it recovered slightly to trade at ¥163.75 […] May 18, 2007 China widens ability of currency to rise and fall against the US dollar Story link: China widens ability of currency to rise and fall against the US dollar China’s central bank increased the band in which the renminbi can rise and fall against the US dollar in a session from 0.3 percent to 0.5 percent on Friday. The move was interpreted by most analysts as in line with Beijing’s stated policy of strengthening its currency slowly. It is seen as being […] May 17, 2007 Bank of Japan holds interest rates as GDP grows less than expected Story link: Bank of Japan holds interest rates as GDP grows less than expected The yen was weaker on Thursday after new data showed that Japan’s gross domestic product was up at an annualized rate of just 2.4 percent in the first quarter, below the 2.7 percent rise that had been expected. At the same time, the Bank of Japan decided to leave interest rates at 0.5 […] May 16, 2007 Yen, sterling weaken as emerging currencies gain on US dollar Story link: Yen, sterling weaken as emerging currencies gain on US dollar Several emerging markets currencies strengthened in relation to the US dollar on Wednesday after new data on Tuesday made it seem more likely that US interest rates could be cut soon. This made investors more willing to take on risk and helped emerging markets. The Brazilian real added 1.1 percent to trade at $$1.9610 […] May 15, 2007 Economic data drives currency trade Story link: Economic data drives currency trade Sterling weakened on Tuesday after new consumer price inflation data in the UK showed the CPI was up only 0.3 percent in April. This brought the annual rate of inflation down to 2.8 percent, from 3.1 percent in March, and made it less likely that the Bank of England will raise interest rates again […] May 14, 2007 New Zealand dollar gains on retail sales data Story link: New Zealand dollar gains on retail sales data With producer price inflation figures weaker than had been anticipated in the UK, sterling weakened in Monday trade. The new data shows that input prices were up just 0.7 percent in April. They had been expected to rise by 1 percent. Core output prices were up just 0.1 percent. The UK […] May 11, 2007 Yen, US dollar strengthen; Australian dollar gains on both Story link: Yen, US dollar strengthen; Australian dollar gains on both The US dollar and the Japanese yen strengthened during the week amid a rash of central bank decisions on interest but the Australian dollar gained on both on news that retail sales were up and unemployment down increased the likelihood that the Reserve Bank of Australia will raise interest rates soon. The Australian currency […] May 10, 2007 Sterling declines on trade, industrial data Story link: Sterling declines on trade, industrial data Sterling weakened against both the US dollar and the euro on Thursday after the Bank of England’s Monetary Policy Committee raised UK interest rates to 5.5 percent. The rate hike had been expected. More important in the decline of the pound was UK trade data that was weak and industrial production numbers that […] May 9, 2007 Sterling, yen stronger on session Story link: Sterling, yen stronger on session The US dollar was steady ahead of the Federal Reserve’s newest decision on interest rates on Wednesday. Most analysts were expecting that the Fed would keep rates on hold and many were more interested to see the statement accompanying the decision than they were to see the decision itself. By mid-afternoon in New […] May 8, 2007 Australian dollar up on retail sales data Story link: Australian dollar up on retail sales data With new figures showing that retail sales in Australia were up by 1.1 percent in March, twice the amount expected by analysts, the Australian dollar added 0.5 percent versus the US dollar to $0.8285. The new figures prompted renewed speculation that the Reserve Bank of Australia might raise interest rates again soon. […] May 7, 2007 US dollar weakens ahead of rate decisions this week Story link: US dollar weakens ahead of rate decisions this week The US dollar was lower on Monday ahead of interest rate decisions in the US on Wednesday and in the UK and Eurozone on Thursday. The Federal Reserve in the US and the European Central Bank are both expected to hold interest rates steady this week, although many analysts expect a Eurozone rate hike […] May 4, 2007 Yen, Swiss franc weaken Story link: Yen, Swiss franc weaken The US dollar strengthened this week on new, stronger than expected data from both the manufacturing and services sectors. On Friday, new data from the US Labor Department showed that unemployment was up to 4.5 percent in April while only 88,000 new jobs were created in the month, the smallest gain in over two […] May 3, 2007 Sterling gains on euro despite services data Story link: Sterling gains on euro despite services data The US dollar strengthened again on Thursday after the ISM non-manufacturing survey for April came in at 56, up from 52.4 in March. The result was higher than expected, as was Tuesday’s manufacturing sector survey. With US employment figures due Friday, some analysts were of the opinion that sentiment toward the dollar is […] May 2, 2007 Sterling weakens on slow mortgage approvals Story link: Sterling weakens on slow mortgage approvals The US dollar gained on the yen and the euro on Wednesday after Tuesday’s news that the ISM survey of US manufacturing was at its highest point in nearly a year in April. The gain in manufacturing was unexpected, and some analysts counseled waiting for another month of results before declaring an end to […]
Currency News © 2005-2008 Brite Media. All rights reserved \| About \| Disclaimer \| XML Feed \| Contact

Major Currencies:

Other Currencies: