July 31, 2007

Yen gains on greenback, euro

Story link: Yen gains on greenback, euro

The Japanese yen strengthened against some currencies on Tuesday as investors retreated from risky investments as they worried about continuing problems in the subprime mortgage sector.
The US dollar dropped 0.5 percent to ¥118.56 against the yen in late afternoon trade in New York, while the euro dropped 0.6 percent to ¥162.22 versus the yen.
The Japanese […]

July 30, 2007

Greenback weakens as equities recover

Story link: Greenback weakens as equities recover

The US dollar weakened on Monday as equities markets in the US began to recover from last week’s declines and investors were willing to take more risks with their money.
The greenback dropped 0.4 percent versus the euro in late afternoon trade in New York to $1.3602 to the euro, while it fell 0.4 percent […]

July 27, 2007

Yen, US dollar gain on week

Story link: Yen, US dollar gain on week

The US dollar saw gains over the week against most major currencies and adding 1.3 percent in relation to both the euro and sterling to $1.3650 and $2.0290 respectively.
The greenback gained even more against the Australian and New Zealand dollars as it added 2.5 percent to $0.8580 versus the Australian currency and gaining 3.4 percent […]

July 25, 2007

US dollar gains 0.9 percent on euro

Story link: US dollar gains 0.9 percent on euro

Signs that problems in the subprime mortgage sector in the United States could be affecting other economies around the world sent the US dollar higher Wednesday.
The greenback added 0.9 percent to $1.3710 in relation to the euro in midday trade in New York, while it was 0.6 percent higher to $2.0500 versus sterling and […]

July 24, 2007

Sterling, euro in new highs versus greenback

Story link: Sterling, euro in new highs versus greenback

The euro and sterling both hit new record highs in relation to the US dollar in morning trade in London on Tuesday, while the yen also gained on the greenback.
The euro was as high as $1.3852 versus the US currency before it dropped back to $1.3830, still a gain of 0.2 percent on the dollar.
Sterling […]

July 23, 2007

Australia, New Zealand currencies stronger

Story link: Australia, New Zealand currencies stronger

The US dollar was weaker during the trading day on Monday but managed to come back from record lows against both the euro and sterling.
The US currency dropped to a new record low against the euro on Monday at $1.3844 before it managed to recover to stand nearly even at $1.3825 versus the shared […]

July 20, 2007

Pound gains 1.2 percent on greenback this week

Story link: Pound gains 1.2 percent on greenback this week

Sterling came out ahead over the US dollar this week on the stronger probability that UK interest rates will rise again soon.
The pound was 0.5 percent higher versus the greenback just on Friday, to a new 26-year high of $2.0587, taking its gain on the week to 1.2 percent.
Elsewhere, sterling added 0.4 percent against the […]

July 19, 2007

Chinese, Turkish currencies see gains

Story link: Chinese, Turkish currencies see gains

The Chinese renminbi reached a new post-revaluation high versus the US dollar on Thursday, going as high as Rmb7.5615 during the day after the People’s Bank announced that the nation’s gross domestic product had grown by 11.0 percent in the second quarter, causing speculation that interest rates could rise there.
The euro was also higher on […]

July 18, 2007

Dollar in new low against euro

Story link: Dollar in new low against euro

The dollar saw new lows against the euro and sterling early in the London session on Wednedsay after worries about the subprime mortgage sector intensified.
The greenback was at $1.3833 versus the euro at one point, a new record low, while it dropped to a new 26-year low against sterling at $2.0548 before it recovered slightly […]

July 17, 2007

Sterling strengthens on CPI data

Story link: Sterling strengthens on CPI data

New inflation data in the UK showed that consumer price inflation was up at an annual rate of 2.4 percent in June.
The greater than expected rise in inflation sent sterling higher as analysts suggested that the figures could mean more interest rate increases from the Bank of England soon.
Sterling had added 0.4 percent to $2.0450 […]

July 16, 2007

NZ dollar gains on interest rate speculation

Story link: NZ dollar gains on interest rate speculation

The dollar was weaker again on Monday in late morning London currencies trade.
The euro and yen each added 0.2 percent versus the greenback, to $1.3803 and ¥121.66 respectively.
Inflation in the eurozone was reported to be at an annualized rate of 1.9 percent in June, below the European Central Bank’s target of 2 percent for the […]

July 12, 2007

Euro hits new highs versus US dollar, yen

Story link: Euro hits new highs versus US dollar, yen

After the Bank of Japan voted by an 8 to 1 margin on Thursday to hold interest rates at 0.5 percent, the yen declined against most currencies.
Analysts said that the vote made it less likely that the Bank would raise rates in August, as many expect, even though remarks from the Bank’s governor said that […]

July 11, 2007

Greenback drops on Bernanke comments

Story link: Greenback drops on Bernanke comments

The US dollar lost ground to both the euro and sterling again on Wednesday after comments from the chairman of the Federal Reserve on Tuesday that seemed to hint at US interest rates being left as they are for some time to come.
In midday trade in New York the euro was 0.1 percent higher to […]

July 10, 2007

US dollar weakens on warnings

Story link: US dollar weakens on warnings

The US dollar weakened Tuesday, with the euro hitting a new high against the greenback on warnings from the retail sector and homebuilders.
The warnings emphasized June data showing that consumer confidence is declining in the United States.
Some analysts blamed the erosion of confidence on higher oil prices.
In midday trade in New York, sterling had added […]

July 9, 2007

Yen drops on machinery orders

Story link: Yen drops on machinery orders

The yen weakened again on Monday, hitting a new low versus the euro before bouncing back to trade even against the shared currency.
Declines for the yen came after new data on machinery orders was much stronger than expected, up 5.9 percent in June, raising the possibility of higher interest rates in Japan.
While the yen dropped […]

July 6, 2007

US dollar ends week lower

Story link: US dollar ends week lower

After hitting a near-record low versus the euro during the week, the US dollar recovered a bit as the week ended but still closed out the week behind against the euro and sterling, while also losing ground against currencies from oil producers as oil prices went higher.
The dollar dropped 0.3 percent over the week to […]

July 5, 2007

Euro, sterling weaken

Story link: Euro, sterling weaken

The euro weakened against the US dollar on Thursday after the European Central Bank held interest rates at 4 percent and Bank president Jean-Claude Trichet declined to phrase his comments using words that usually signal a rate increase coming at the next meeting of the Bank.
While Mr. Trichet said that the Bank will continue to […]

July 2, 2007

Euro, sterling stronger on PMI readings

Story link: Euro, sterling stronger on PMI readings

The US dollar was weaker on Monday as both the euro and sterling saw gains on the strengths of their respective Purchasing Managers’ Index data for June. The Eurozone Purchasing Managers’ Index was up to 55.6 in June after a reading of 55 in May. Meanwhile, the UK PMI showed that input prices […]


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	July 31, 2007 Yen gains on greenback, euro Story link: Yen gains on greenback, euro The Japanese yen strengthened against some currencies on Tuesday as investors retreated from risky investments as they worried about continuing problems in the subprime mortgage sector. The US dollar dropped 0.5 percent to ¥118.56 against the yen in late afternoon trade in New York, while the euro dropped 0.6 percent to ¥162.22 versus the yen. The Japanese […] July 30, 2007 Greenback weakens as equities recover Story link: Greenback weakens as equities recover The US dollar weakened on Monday as equities markets in the US began to recover from last week’s declines and investors were willing to take more risks with their money. The greenback dropped 0.4 percent versus the euro in late afternoon trade in New York to $1.3602 to the euro, while it fell 0.4 percent […] July 27, 2007 Yen, US dollar gain on week Story link: Yen, US dollar gain on week The US dollar saw gains over the week against most major currencies and adding 1.3 percent in relation to both the euro and sterling to $1.3650 and $2.0290 respectively. The greenback gained even more against the Australian and New Zealand dollars as it added 2.5 percent to $0.8580 versus the Australian currency and gaining 3.4 percent […] July 25, 2007 US dollar gains 0.9 percent on euro Story link: US dollar gains 0.9 percent on euro Signs that problems in the subprime mortgage sector in the United States could be affecting other economies around the world sent the US dollar higher Wednesday. The greenback added 0.9 percent to $1.3710 in relation to the euro in midday trade in New York, while it was 0.6 percent higher to $2.0500 versus sterling and […] July 24, 2007 Sterling, euro in new highs versus greenback Story link: Sterling, euro in new highs versus greenback The euro and sterling both hit new record highs in relation to the US dollar in morning trade in London on Tuesday, while the yen also gained on the greenback. The euro was as high as $1.3852 versus the US currency before it dropped back to $1.3830, still a gain of 0.2 percent on the dollar. Sterling […] July 23, 2007 Australia, New Zealand currencies stronger Story link: Australia, New Zealand currencies stronger The US dollar was weaker during the trading day on Monday but managed to come back from record lows against both the euro and sterling. The US currency dropped to a new record low against the euro on Monday at $1.3844 before it managed to recover to stand nearly even at $1.3825 versus the shared […] July 20, 2007 Pound gains 1.2 percent on greenback this week Story link: Pound gains 1.2 percent on greenback this week Sterling came out ahead over the US dollar this week on the stronger probability that UK interest rates will rise again soon. The pound was 0.5 percent higher versus the greenback just on Friday, to a new 26-year high of $2.0587, taking its gain on the week to 1.2 percent. Elsewhere, sterling added 0.4 percent against the […] July 19, 2007 Chinese, Turkish currencies see gains Story link: Chinese, Turkish currencies see gains The Chinese renminbi reached a new post-revaluation high versus the US dollar on Thursday, going as high as Rmb7.5615 during the day after the People’s Bank announced that the nation’s gross domestic product had grown by 11.0 percent in the second quarter, causing speculation that interest rates could rise there. The euro was also higher on […] July 18, 2007 Dollar in new low against euro Story link: Dollar in new low against euro The dollar saw new lows against the euro and sterling early in the London session on Wednedsay after worries about the subprime mortgage sector intensified. The greenback was at $1.3833 versus the euro at one point, a new record low, while it dropped to a new 26-year low against sterling at $2.0548 before it recovered slightly […] July 17, 2007 Sterling strengthens on CPI data Story link: Sterling strengthens on CPI data New inflation data in the UK showed that consumer price inflation was up at an annual rate of 2.4 percent in June. The greater than expected rise in inflation sent sterling higher as analysts suggested that the figures could mean more interest rate increases from the Bank of England soon. Sterling had added 0.4 percent to $2.0450 […] July 16, 2007 NZ dollar gains on interest rate speculation Story link: NZ dollar gains on interest rate speculation The dollar was weaker again on Monday in late morning London currencies trade. The euro and yen each added 0.2 percent versus the greenback, to $1.3803 and ¥121.66 respectively. Inflation in the eurozone was reported to be at an annualized rate of 1.9 percent in June, below the European Central Bank’s target of 2 percent for the […] July 12, 2007 Euro hits new highs versus US dollar, yen Story link: Euro hits new highs versus US dollar, yen After the Bank of Japan voted by an 8 to 1 margin on Thursday to hold interest rates at 0.5 percent, the yen declined against most currencies. Analysts said that the vote made it less likely that the Bank would raise rates in August, as many expect, even though remarks from the Bank’s governor said that […] July 11, 2007 Greenback drops on Bernanke comments Story link: Greenback drops on Bernanke comments The US dollar lost ground to both the euro and sterling again on Wednesday after comments from the chairman of the Federal Reserve on Tuesday that seemed to hint at US interest rates being left as they are for some time to come. In midday trade in New York the euro was 0.1 percent higher to […] July 10, 2007 US dollar weakens on warnings Story link: US dollar weakens on warnings The US dollar weakened Tuesday, with the euro hitting a new high against the greenback on warnings from the retail sector and homebuilders. The warnings emphasized June data showing that consumer confidence is declining in the United States. Some analysts blamed the erosion of confidence on higher oil prices. In midday trade in New York, sterling had added […] July 9, 2007 Yen drops on machinery orders Story link: Yen drops on machinery orders The yen weakened again on Monday, hitting a new low versus the euro before bouncing back to trade even against the shared currency. Declines for the yen came after new data on machinery orders was much stronger than expected, up 5.9 percent in June, raising the possibility of higher interest rates in Japan. While the yen dropped […] July 6, 2007 US dollar ends week lower Story link: US dollar ends week lower After hitting a near-record low versus the euro during the week, the US dollar recovered a bit as the week ended but still closed out the week behind against the euro and sterling, while also losing ground against currencies from oil producers as oil prices went higher. The dollar dropped 0.3 percent over the week to […] July 5, 2007 Euro, sterling weaken Story link: Euro, sterling weaken The euro weakened against the US dollar on Thursday after the European Central Bank held interest rates at 4 percent and Bank president Jean-Claude Trichet declined to phrase his comments using words that usually signal a rate increase coming at the next meeting of the Bank. While Mr. Trichet said that the Bank will continue to […] July 2, 2007 Euro, sterling stronger on PMI readings Story link: Euro, sterling stronger on PMI readings The US dollar was weaker on Monday as both the euro and sterling saw gains on the strengths of their respective Purchasing Managers’ Index data for June. The Eurozone Purchasing Managers’ Index was up to 55.6 in June after a reading of 55 in May. Meanwhile, the UK PMI showed that input prices […]
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