June 29, 2007

Yen declines after mid-week gains

Story link: Yen declines after mid-week gains

Despite its mid-week rally, the yen ended the week lower in relation to the New Zealand dollar and flat against several currencies. It was only able to maintain a gain over the US dollar, where it added 0.3 percent on the week to ¥123.50. The yen traded even versus the euro at […]

June 28, 2007

Sterling stronger on house price growth

Story link: Sterling stronger on house price growth

After several days of gains, the yen weakened on Thursday after equities markets rallied and new data showed industrial production in Japan down by 0.4 percent in May. The decline in production was disappointing after a prediction that it would rise by 0.9 percent, but the better performances by equities made investors less afraid […]

June 27, 2007

Yen strengthens again; US dollar waits for Fed decision

Story link: Yen strengthens again; US dollar waits for Fed decision

The Japanese yen strengthened for the third session in a row on Wednesday, helped by investors who were less likely to make risky investments as worry continued over troubles in the subprime mortgage sector in the United States. The yen was also helped by higher readings than anticipated on retail sales in Japan in […]

June 26, 2007

Yen stronger as investors back away from risk

Story link: Yen stronger as investors back away from risk

The yen strengthened on Tuesday as global about worries concerning the US subprime mortgage sector led investors to reduce the number of carry trades they were willing to enter into. In addition, Japan’s finance minister made remarks indicating that investors should remain aware of the risk of what he called “one-way currency trading”, […]

June 25, 2007

Yen strengthens as Bank for International Settlements comments on recent declines

Story link: Yen strengthens as Bank for International Settlements comments on recent declines

The Japanese yen strengthened Monday, adding 0.2 percent against both the euro and the US dollar by midday trade in New York, to ¥166.50 and ¥123.60 respectively. The yen gained 0.3 percent to ¥247.05 versus sterling. The gains for the Japanese currency came as the Bank for International Settlements said it was concerned […]

June 22, 2007

Bank moves affect currencies markets on week

Story link: Bank moves affect currencies markets on week

The New Zealand dollar was lifted by interest rates and carry trades activity this week despite rumored attempts by the Reserve Bank of New Zealand to intervene early in the week to slow its ascent. The kiwi added 1.6 percent to $0.7680 versus the US dollar, while it gained 2.1 percent versus the […]

June 21, 2007

New Zealand dollar continues to gain value

Story link: New Zealand dollar continues to gain value

The New Zealand dollar was on the rise again on Thursday. Despite attempts earlier in the week and last week by the Reserve Bank of New Zealand to try to cool down the kiwi’s rise, there were no signs of intervention by the bank as the currency hit a 20-year high versus the […]

June 20, 2007

Sterling stronger after MPC minutes

Story link: Sterling stronger after MPC minutes

Sterling strengthened on Wednesday after the Bank of England released the minutes from this month’s Monetary Policy Committee meeting. The minutes showed that the decision on interest rates was a close one, with 5 committee members voting to hold rates steady and four members, including the Bank’s governor, voting to raise rates. Analysts […]

June 19, 2007

Euro down on data

Story link: Euro down on data

The euro saw declines on Tuesday after German investor confidence was reported lower in June. The shared currency was down 0.2 percent to SFr1.6630 versus the Swiss franc by midday in New York, while it fell 0.3 percent against both the yen and sterling to ¥165.40 and £0.6743 respectively.
The ZEW economic expectations index was […]

June 18, 2007

Yen continues to weaken

Story link: Yen continues to weaken

There were indications that the Reserve Bank of New Zealand was again attempting to restrain the rise of the New Zealand dollar on Monday by selling off the currency as it did last week.
The tactic didn’t seem to have much effect, however. The kiwi had dropped 0.7 percent in relation to […]

June 15, 2007

New Zealand currency recovers some value at week’s end

Story link: New Zealand currency recovers some value at week’s end

The Japanese yen was weaker on the day and on the week after a new decision by the Bank of Japan on Friday left interest rates there on hold for at least the time being. Most analysts expected that the rate would not change this month, but many expect that it will rise […]

June 14, 2007

Yen, Swiss franc decline

Story link: Yen, Swiss franc decline

The yen was weaker again on Thursday as bond yields stabilized after recent increases, leading more investors to look for more risk, which led to the selling of yen to fund more carry trades.
At mid-session in New York, the yen had dropped 0.1 percent to ¥242.10 versus sterling, while it was 0.3 […]

June 13, 2007

US dollar strengthens on new retail sales data

Story link: US dollar strengthens on new retail sales data

New retail sales data in the United States sent the dollar higher on Wednesday. The figures show that sales were 1.4 percent higher in May, much higher than the 0.7 percent gain that was expected. The gain, to the highest level in almost a year and a half, raised expectations that US interest […]

June 12, 2007

Sterling gains on Bank of England governor’s remarks

Story link: Sterling gains on Bank of England governor’s remarks

Sterling was stronger on Tuesday after the governor of the Bank of England said that inflation remains a risk to the UK economy and that interest rates will need to be raised again unless growth in earnings and credit subsides and constraints to capacity are overcome. His comments had more sway with investors than […]

June 11, 2007

New Zealand dollar drops after Reserve Bank intervention

Story link: New Zealand dollar drops after Reserve Bank intervention

The US dollar strengthened on Monday, while the Australian and New Zealand dollars saw declines after their big gains last week.
The Reserve Bank of New Zealand intervened in the rise of the dollar there by selling the currency after it said that it had risen too high. It was the first time the […]

June 8, 2007

US dollar, Japanese yen stronger on week

Story link: US dollar, Japanese yen stronger on week

The US dollar was generally stronger over the week, helped out by the tendency of investors to avoid risk as markets turned volatile after strong declines in China at the beginning of the week. The greenback added 0.7 percent to $1.3350 versus the euro, while it gained 0.8 percent to $1.9670 in relation to […]

June 7, 2007

Sterling declines as Bank of England holds interest rates steady

Story link: Sterling declines as Bank of England holds interest rates steady

The US dollar strengthened on Thursday, with one analyst attributing the gains to recent good responses to weaknesses in equities markets. The greenback added 0.6 percent to SFr1.2235 versus the Swiss franc, while it added 0.3 percent against both the euro and the yen, standing at $1.3465 in relation to the euro and at […]

June 6, 2007

Australian, New Zealand dollars see gains

Story link: Australian, New Zealand dollars see gains

The euro weakened on Wednesday after the European Central Bank raised interest rates by a quarter of a percentage point to 4 percent. The hike in Eurozone rates had been expected, but the shared currency dropped 0.1 percent to £0.6775 in relation to sterling, while it was down 0.2 percent to $1.3500 versus the […]

June 5, 2007

US dollar, yen weaker

Story link: US dollar, yen weaker

The US dollar weakened on Tuesday on prospects, discerned by analysts in comments from US Federal Reserve chairman Ben Bernanke, that interest rates will neither fall nor rise this year. At least one analyst said that interest rates on hold are not likely to support the dollar in the long term. The greenback […]

June 4, 2007

Yen US dollar fall versus euro, sterling

Story link: Yen US dollar fall versus euro, sterling

The euro hit another all-time high in relation to the yen on Monday, while sterling was at its highest level in 15 years against the Japanese currency. The declines for the yen came as investors continued to seek out high-risk carry trades in which they sell low-yielding currencies such as the yen to finance […]


Daily World Currencies News from London		Thursday 11th of March 2010
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	June 29, 2007 Yen declines after mid-week gains Story link: Yen declines after mid-week gains Despite its mid-week rally, the yen ended the week lower in relation to the New Zealand dollar and flat against several currencies. It was only able to maintain a gain over the US dollar, where it added 0.3 percent on the week to ¥123.50. The yen traded even versus the euro at […] June 28, 2007 Sterling stronger on house price growth Story link: Sterling stronger on house price growth After several days of gains, the yen weakened on Thursday after equities markets rallied and new data showed industrial production in Japan down by 0.4 percent in May. The decline in production was disappointing after a prediction that it would rise by 0.9 percent, but the better performances by equities made investors less afraid […] June 27, 2007 Yen strengthens again; US dollar waits for Fed decision Story link: Yen strengthens again; US dollar waits for Fed decision The Japanese yen strengthened for the third session in a row on Wednesday, helped by investors who were less likely to make risky investments as worry continued over troubles in the subprime mortgage sector in the United States. The yen was also helped by higher readings than anticipated on retail sales in Japan in […] June 26, 2007 Yen stronger as investors back away from risk Story link: Yen stronger as investors back away from risk The yen strengthened on Tuesday as global about worries concerning the US subprime mortgage sector led investors to reduce the number of carry trades they were willing to enter into. In addition, Japan’s finance minister made remarks indicating that investors should remain aware of the risk of what he called “one-way currency trading”, […] June 25, 2007 Yen strengthens as Bank for International Settlements comments on recent declines Story link: Yen strengthens as Bank for International Settlements comments on recent declines The Japanese yen strengthened Monday, adding 0.2 percent against both the euro and the US dollar by midday trade in New York, to ¥166.50 and ¥123.60 respectively. The yen gained 0.3 percent to ¥247.05 versus sterling. The gains for the Japanese currency came as the Bank for International Settlements said it was concerned […] June 22, 2007 Bank moves affect currencies markets on week Story link: Bank moves affect currencies markets on week The New Zealand dollar was lifted by interest rates and carry trades activity this week despite rumored attempts by the Reserve Bank of New Zealand to intervene early in the week to slow its ascent. The kiwi added 1.6 percent to $0.7680 versus the US dollar, while it gained 2.1 percent versus the […] June 21, 2007 New Zealand dollar continues to gain value Story link: New Zealand dollar continues to gain value The New Zealand dollar was on the rise again on Thursday. Despite attempts earlier in the week and last week by the Reserve Bank of New Zealand to try to cool down the kiwi’s rise, there were no signs of intervention by the bank as the currency hit a 20-year high versus the […] June 20, 2007 Sterling stronger after MPC minutes Story link: Sterling stronger after MPC minutes Sterling strengthened on Wednesday after the Bank of England released the minutes from this month’s Monetary Policy Committee meeting. The minutes showed that the decision on interest rates was a close one, with 5 committee members voting to hold rates steady and four members, including the Bank’s governor, voting to raise rates. Analysts […] June 19, 2007 Euro down on data Story link: Euro down on data The euro saw declines on Tuesday after German investor confidence was reported lower in June. The shared currency was down 0.2 percent to SFr1.6630 versus the Swiss franc by midday in New York, while it fell 0.3 percent against both the yen and sterling to ¥165.40 and £0.6743 respectively. The ZEW economic expectations index was […] June 18, 2007 Yen continues to weaken Story link: Yen continues to weaken There were indications that the Reserve Bank of New Zealand was again attempting to restrain the rise of the New Zealand dollar on Monday by selling off the currency as it did last week. The tactic didn’t seem to have much effect, however. The kiwi had dropped 0.7 percent in relation to […] June 15, 2007 New Zealand currency recovers some value at week’s end Story link: New Zealand currency recovers some value at week’s end The Japanese yen was weaker on the day and on the week after a new decision by the Bank of Japan on Friday left interest rates there on hold for at least the time being. Most analysts expected that the rate would not change this month, but many expect that it will rise […] June 14, 2007 Yen, Swiss franc decline Story link: Yen, Swiss franc decline The yen was weaker again on Thursday as bond yields stabilized after recent increases, leading more investors to look for more risk, which led to the selling of yen to fund more carry trades. At mid-session in New York, the yen had dropped 0.1 percent to ¥242.10 versus sterling, while it was 0.3 […] June 13, 2007 US dollar strengthens on new retail sales data Story link: US dollar strengthens on new retail sales data New retail sales data in the United States sent the dollar higher on Wednesday. The figures show that sales were 1.4 percent higher in May, much higher than the 0.7 percent gain that was expected. The gain, to the highest level in almost a year and a half, raised expectations that US interest […] June 12, 2007 Sterling gains on Bank of England governor’s remarks Story link: Sterling gains on Bank of England governor’s remarks Sterling was stronger on Tuesday after the governor of the Bank of England said that inflation remains a risk to the UK economy and that interest rates will need to be raised again unless growth in earnings and credit subsides and constraints to capacity are overcome. His comments had more sway with investors than […] June 11, 2007 New Zealand dollar drops after Reserve Bank intervention Story link: New Zealand dollar drops after Reserve Bank intervention The US dollar strengthened on Monday, while the Australian and New Zealand dollars saw declines after their big gains last week. The Reserve Bank of New Zealand intervened in the rise of the dollar there by selling the currency after it said that it had risen too high. It was the first time the […] June 8, 2007 US dollar, Japanese yen stronger on week Story link: US dollar, Japanese yen stronger on week The US dollar was generally stronger over the week, helped out by the tendency of investors to avoid risk as markets turned volatile after strong declines in China at the beginning of the week. The greenback added 0.7 percent to $1.3350 versus the euro, while it gained 0.8 percent to $1.9670 in relation to […] June 7, 2007 Sterling declines as Bank of England holds interest rates steady Story link: Sterling declines as Bank of England holds interest rates steady The US dollar strengthened on Thursday, with one analyst attributing the gains to recent good responses to weaknesses in equities markets. The greenback added 0.6 percent to SFr1.2235 versus the Swiss franc, while it added 0.3 percent against both the euro and the yen, standing at $1.3465 in relation to the euro and at […] June 6, 2007 Australian, New Zealand dollars see gains Story link: Australian, New Zealand dollars see gains The euro weakened on Wednesday after the European Central Bank raised interest rates by a quarter of a percentage point to 4 percent. The hike in Eurozone rates had been expected, but the shared currency dropped 0.1 percent to £0.6775 in relation to sterling, while it was down 0.2 percent to $1.3500 versus the […] June 5, 2007 US dollar, yen weaker Story link: US dollar, yen weaker The US dollar weakened on Tuesday on prospects, discerned by analysts in comments from US Federal Reserve chairman Ben Bernanke, that interest rates will neither fall nor rise this year. At least one analyst said that interest rates on hold are not likely to support the dollar in the long term. The greenback […] June 4, 2007 Yen US dollar fall versus euro, sterling Story link: Yen US dollar fall versus euro, sterling The euro hit another all-time high in relation to the yen on Monday, while sterling was at its highest level in 15 years against the Japanese currency. The declines for the yen came as investors continued to seek out high-risk carry trades in which they sell low-yielding currencies such as the yen to finance […] Next Page »
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