September 28, 2007

USD loses 1.1 percent to euro over week

Story link: USD loses 1.1 percent to euro over week

The US dollar was lower on the week as a result of reports showing that consumer confidence was lower in September, home sales were down in August, and on the expectation that the Federal Reserve will cut interest rates again in October.
Over the week, the US currency dropped 0.4 percent to SFr1.670 in relation to […]

September 27, 2007

US dollar sinks versus euro again

Story link: US dollar sinks versus euro again

The US dollar hit yet another new record low in relation to the euro on Thursday after new data showed that new home sales in the United States dropped by 8.3 percent in August, to their lowest level in almost ten years.
The news sent the greenback as low as $1.4189 versus the shared currency and […]

September 25, 2007

USD in fourth record low versus euro

Story link: USD in fourth record low versus euro

The US dollar hit a new low against the euro for the fourth session in a row on Tuesday, trading at $1.4153 versus the shared currency at one point in the session and at $1.4146 in late afternoon in New York.
The decline came on the heels of two housing reports that showed that existing […]

September 24, 2007

Greenback in new low versus euro

Story link: Greenback in new low versus euro

The US dollar fell even lower versus the euro by midday in London on Monday as investors expect that the US Federal Reserve will cut interest rates even more in the near term.
Early in the session, the greenback fell to a new low against the shared currency at $1.4130 and while it took back some […]

September 21, 2007

Yen weakens on return to risk

Story link: Yen weakens on return to risk

The Japanese yen was weaker over the week as recovering equities markets made investors more comfortable with risk again and they began to sell the currency to finance carry trades.
While the yen dropped 0.7 percent to ¥233.15 against sterling, it was 1.5 percent lower to ¥162.60 versus the euro, fell 3 percent to ¥99.90 in […]

September 20, 2007

Euro strengthens versus greenback

Story link: Euro strengthens versus greenback

The euro was stronger on Thursday morning in London after it added 0.5 percent to $1.4035 versus the US dollar as the greenback weakened further in the wake of the Federal Reserve’s decision to cut US interest rates.
Helped by its gain in relation to the dollar, which analysts saw as an important psychological breakthrough, the […]

September 19, 2007

Yen, sterling, greenback all weaker

Story link: Yen, sterling, greenback all weaker

Sterling and the US dollar both weakened on Wednesday after moves by their respective central banks.
The greenback fell after Tuesday’s decision by the Federal Reserve to cut interest rates by 0.5 percent, a bigger cut than had been realistically expected by most analysts and investors.
The dollar dropped to as low as $1.3987 in relation to […]

September 18, 2007

US dollar, yen weaker

Story link: US dollar, yen weaker

The US Federal Reserve announced Tuesday afternoon that it had cut the main interest rate by 0.5 percent to 4.75 percent, the first time it has been reduced in over four years.
The rate cut sent the US dollar to a new all-time low of $1.3964 in relation to the euro, and while the greenback took […]

September 17, 2007

Yen strengthens in London trade

Story link: Yen strengthens in London trade

The yen was stronger in late morning trade in London on Monday as investors once again stepped away from the purchase of high-risk investments, with the Japanese currency adding 0.5 percent versus both the US dollar and the euro, to ¥114.85 and ¥159.30 respectively, while it gained 0.8 percent to ¥81.51 in relation to the […]

September 13, 2007

Yen drops on equities gains

Story link: Yen drops on equities gains

The yen continued its roller-coaster ride Thursday, falling once again as most equities markets around the world saw gains on the session and encouraged investors to resume selling the yen in order to enter into risky carry trades.
The Japanese currency was also hurt by reports that the government there will lower its near-term economic forecast […]

September 12, 2007

Sterling weaker on BofE governor’s comments

Story link: Sterling weaker on BofE governor’s comments

In midday trade in New York sterling was 0.1 percent lower versus the US dollar to $2.0300 while it dropped 0.2 percent to ¥231.90 in relation to the yen and it was down 0.4 percent to £0.6835 against the euro.
The pound’s decline came after the governor of the Bank of England made comments indicating […]

September 10, 2007

Yen, greenback both lower on interest rate concerns

Story link: Yen, greenback both lower on interest rate concerns

The US dollar was weaker on Monday as continued speculation that the Federal Reserve will cut interest rates next week.
Even though some Fed officials made remarks that seemed to indicate that the rate cut is not a done deal, the greenback dropped 0.1 percent to $2.0310 versus sterling and was also down 0.1 percent to […]

September 7, 2007

Greenback falls on week

Story link: Greenback falls on week

The US dollar fell this week, pushed lower on Friday after the US Labor Department reported that there were 4,000 fewer jobs in the US in August, against an expectation that 112,000 jobs would be created.
This increased sentiment that the Federal Reserve will likely cut US interest rates when it meets later this month.
During the […]

September 6, 2007

BofE, ECB hold interest rates steady

Story link: BofE, ECB hold interest rates steady

The Bank of England held UK interest rates at 5.75 percent on Thursday, as most analysts had expected it would, but the Bank’s Monetary Policy Committee startled with its statement that it is too early to tell what effect market disruptions might limit the availability of credit to individuals and companies.
Sterling held steady at […]

September 5, 2007

Yen gains on risk aversion

Story link: Yen gains on risk aversion

The yen strengthened on Wednesday as investors once again declined to risk their money in carry trades, while the US dollar declined on new data on home sales that was much worse than had been anticipated.
In midday trade in New York, the yen had added 0.7 percent to ¥157.10 in relation to the euro and […]

September 4, 2007

US dollar gains ground

Story link: US dollar gains ground

The US dollar was stronger Tuesday as it added 0.4 percent to both the euro and sterling, to $1.3570 and $2.0100 respectively and gained 0.6 percent in relation to the Swiss franc, to SFr1.2150.
On the other hand, the Australian dollar bested its US counterpart by 0.5 percent to $0.8260 on new data that had the […]


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	September 28, 2007 USD loses 1.1 percent to euro over week Story link: USD loses 1.1 percent to euro over week The US dollar was lower on the week as a result of reports showing that consumer confidence was lower in September, home sales were down in August, and on the expectation that the Federal Reserve will cut interest rates again in October. Over the week, the US currency dropped 0.4 percent to SFr1.670 in relation to […] September 27, 2007 US dollar sinks versus euro again Story link: US dollar sinks versus euro again The US dollar hit yet another new record low in relation to the euro on Thursday after new data showed that new home sales in the United States dropped by 8.3 percent in August, to their lowest level in almost ten years. The news sent the greenback as low as $1.4189 versus the shared currency and […] September 25, 2007 USD in fourth record low versus euro Story link: USD in fourth record low versus euro The US dollar hit a new low against the euro for the fourth session in a row on Tuesday, trading at $1.4153 versus the shared currency at one point in the session and at $1.4146 in late afternoon in New York. The decline came on the heels of two housing reports that showed that existing […] September 24, 2007 Greenback in new low versus euro Story link: Greenback in new low versus euro The US dollar fell even lower versus the euro by midday in London on Monday as investors expect that the US Federal Reserve will cut interest rates even more in the near term. Early in the session, the greenback fell to a new low against the shared currency at $1.4130 and while it took back some […] September 21, 2007 Yen weakens on return to risk Story link: Yen weakens on return to risk The Japanese yen was weaker over the week as recovering equities markets made investors more comfortable with risk again and they began to sell the currency to finance carry trades. While the yen dropped 0.7 percent to ¥233.15 against sterling, it was 1.5 percent lower to ¥162.60 versus the euro, fell 3 percent to ¥99.90 in […] September 20, 2007 Euro strengthens versus greenback Story link: Euro strengthens versus greenback The euro was stronger on Thursday morning in London after it added 0.5 percent to $1.4035 versus the US dollar as the greenback weakened further in the wake of the Federal Reserve’s decision to cut US interest rates. Helped by its gain in relation to the dollar, which analysts saw as an important psychological breakthrough, the […] September 19, 2007 Yen, sterling, greenback all weaker Story link: Yen, sterling, greenback all weaker Sterling and the US dollar both weakened on Wednesday after moves by their respective central banks. The greenback fell after Tuesday’s decision by the Federal Reserve to cut interest rates by 0.5 percent, a bigger cut than had been realistically expected by most analysts and investors. The dollar dropped to as low as $1.3987 in relation to […] September 18, 2007 US dollar, yen weaker Story link: US dollar, yen weaker The US Federal Reserve announced Tuesday afternoon that it had cut the main interest rate by 0.5 percent to 4.75 percent, the first time it has been reduced in over four years. The rate cut sent the US dollar to a new all-time low of $1.3964 in relation to the euro, and while the greenback took […] September 17, 2007 Yen strengthens in London trade Story link: Yen strengthens in London trade The yen was stronger in late morning trade in London on Monday as investors once again stepped away from the purchase of high-risk investments, with the Japanese currency adding 0.5 percent versus both the US dollar and the euro, to ¥114.85 and ¥159.30 respectively, while it gained 0.8 percent to ¥81.51 in relation to the […] September 13, 2007 Yen drops on equities gains Story link: Yen drops on equities gains The yen continued its roller-coaster ride Thursday, falling once again as most equities markets around the world saw gains on the session and encouraged investors to resume selling the yen in order to enter into risky carry trades. The Japanese currency was also hurt by reports that the government there will lower its near-term economic forecast […] September 12, 2007 Sterling weaker on BofE governor’s comments Story link: Sterling weaker on BofE governor’s comments In midday trade in New York sterling was 0.1 percent lower versus the US dollar to $2.0300 while it dropped 0.2 percent to ¥231.90 in relation to the yen and it was down 0.4 percent to £0.6835 against the euro. The pound’s decline came after the governor of the Bank of England made comments indicating […] September 10, 2007 Yen, greenback both lower on interest rate concerns Story link: Yen, greenback both lower on interest rate concerns The US dollar was weaker on Monday as continued speculation that the Federal Reserve will cut interest rates next week. Even though some Fed officials made remarks that seemed to indicate that the rate cut is not a done deal, the greenback dropped 0.1 percent to $2.0310 versus sterling and was also down 0.1 percent to […] September 7, 2007 Greenback falls on week Story link: Greenback falls on week The US dollar fell this week, pushed lower on Friday after the US Labor Department reported that there were 4,000 fewer jobs in the US in August, against an expectation that 112,000 jobs would be created. This increased sentiment that the Federal Reserve will likely cut US interest rates when it meets later this month. During the […] September 6, 2007 BofE, ECB hold interest rates steady Story link: BofE, ECB hold interest rates steady The Bank of England held UK interest rates at 5.75 percent on Thursday, as most analysts had expected it would, but the Bank’s Monetary Policy Committee startled with its statement that it is too early to tell what effect market disruptions might limit the availability of credit to individuals and companies. Sterling held steady at […] September 5, 2007 Yen gains on risk aversion Story link: Yen gains on risk aversion The yen strengthened on Wednesday as investors once again declined to risk their money in carry trades, while the US dollar declined on new data on home sales that was much worse than had been anticipated. In midday trade in New York, the yen had added 0.7 percent to ¥157.10 in relation to the euro and […] September 4, 2007 US dollar gains ground Story link: US dollar gains ground The US dollar was stronger Tuesday as it added 0.4 percent to both the euro and sterling, to $1.3570 and $2.0100 respectively and gained 0.6 percent in relation to the Swiss franc, to SFr1.2150. On the other hand, the Australian dollar bested its US counterpart by 0.5 percent to $0.8260 on new data that had the […]
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