November 30, 2007

USD gains as yen, Swiss franc decline

Story link: USD gains as yen, Swiss franc decline

The US dollar was helped and the yen hurt by remarks from US Federal Reserve chairman Ben Bernanke, which led analysts and investors to believe another interest rate cut is in the cards.
Both the yen and the Swiss franc looked to be about to record their biggest declines in over two years in relation to […]

November 29, 2007

US dollar up versus euro, sterling

Story link: US dollar up versus euro, sterling

The US dollar had its biggest one-day gain versus the euro in two weeks on Thursday as worries rise that the US credit crisis will spread to Europe and that central banks there will have to hold interest rates steady or follow the lead of the US Federal Reserve and cut them.
In addition, an analysts’ […]

November 28, 2007

US dollar strengthens versus euro

Story link: US dollar strengthens versus euro

The US dollar notched its biggest one-day gain versus the euro in two weeks on Wednesday after a survey of consumer confidence in Germany dropped to 4.3 in November, its lowest level in almost two years.
The decline in confidence made it less likely that the European Central Bank will hike Eurozone interest rates anytime […]

November 27, 2007

Yen, swiss franc weaken on carry trades

Story link: Yen, swiss franc weaken on carry trades

After two days of gains against the US dollar, the yen weakened on Tuesday after investors returned to risk in t he form of carry trades, encouraged by a deal in which Abu Dhabi said it would purchase a stake in Citigroup (NYSE: C) that will put $7.5 billion in cash into the bank to […]

November 26, 2007

Yen near two-year high versus USD

Story link: Yen near two-year high versus USD

The yen held near a two-year peak in relation to the US dollar on more news of writedowns in consequence of defaults on subprime mortgages, this time up to $12 billion in losses for HSBC (NYSE: HBC; LSE: HSBA; Euronext: HSBC; SEHK: 005) according to Goldman Sachs.
At just before 2 p.m. in New York the […]

November 21, 2007

Swiss franc in second record versus USD in two days

Story link: Swiss franc in second record versus USD in two days

The Swiss franc hit a new record high versus the US dollar for the second day in a row on Wednesday as investors backed away from risk.
It also rose to a two-and-a-half month high in relation to the euro as global equities markets declined on worries about the US economy on a new, more […]

November 20, 2007

USD at new low versus euro

Story link: USD at new low versus euro

The US dollar weakened again on Tuesday, touching yet another new record low versus the euro and hitting a record low in relation to the Swiss franc as well.
There are a number of factors feeding into the dollar’s weakness, including increased expectations that the Federal Reserve will cut interest rates again when it meets in […]

November 19, 2007

Yen, Swiss franc gain

Story link: Yen, Swiss franc gain

Currencies that fund risky investments such as carry trades saw gains on Monday while higher-yielding currencies declined after investors once again decided that there is too much uncertainty over the subprime mortgage and credit market crises to take big risks right now.
The yen and the Swiss franc both saw gains, while the biggest declines came […]

November 16, 2007

Sterling has bad week versus euro, USD

Story link: Sterling has bad week versus euro, USD

Sterling seemed ready to weaken the most against the euro this week as it has in over two years and to decline the most in a week versus the US dollar as it has in a year and a half, making it look more and more likely that the Bank of England will cut interest […]

November 15, 2007

Slow retail sales in UK hurt pound

Story link: Slow retail sales in UK hurt pound

A new report from the UK Office for National Statistics that retail sales were down by 0.1 percent there in October, adding another reason for the Bank of England to cut interest rates, sent sterling into decline on Thursday.
Also tending to weaken the pound was news from Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) […]

November 14, 2007

Sterling weaker on BofE report

Story link: Sterling weaker on BofE report

Sterling weakened Wednesday after Bank of England Governor Mervyn King said that economic growth in the UK is expected to “slow sharply” next year, raising expectations that the Bank’s Monetary Policy Committee will cut interest rates at least once next year.
In issuing its quarterly report on inflation, the Bank said that cutting rates once should […]

November 13, 2007

Yen drops on new carry trade popularity

Story link: Yen drops on new carry trade popularity

The yen weakened Tuesday after the Bank of Japan held interest rates there at 0.5 percent and the Bank’s governor did not hint at when rates might go higher.
In addition, investor willingness to return to risky carry trades hurt the Japanese currency, as well as the Swiss franc.
In afternoon trade in New York, the yen […]

November 12, 2007

Flight from risk helps yen, hurts pound

Story link: Flight from risk helps yen, hurts pound

Sterling weakened Monday on worries about the credit crisis had investors backing away from higher-yielding currencies and after a recommendation cut on Europe’s biggest bank when rated by market value.
HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) saw Morgan Stanley cut its recommendation on the bank from “overweight” to “equal weight” on the possibility […]

November 9, 2007

Yen gains on US dollar

Story link: Yen gains on US dollar

The yen hit its highest level versus the US dollar in a year and a half on Friday as falling equities markets and continuing worries over credit markets drove investors away from high-risk carry trades.
The yen traded as high as ¥110.51 to the US dollar early in the day in New York and was at […]

November 8, 2007

BofE, ECB keep interest rates steady

Story link: BofE, ECB keep interest rates steady

Both the Bank of England and the European Central Bank held interest rates steady on Thursday, strengthening their respective currencies.
The UK interest rate remained at 5.75 percent, as expected, and while there was no announcement of why the Bank chose to leave the rate as it is but recent comments from Bank officials indicate that […]

November 7, 2007

China forex diversification news hurts USD

Story link: China forex diversification news hurts USD

The US dollar suffered and sterling benefited after China said Wednesday that it will diversify its foreign-exchange reserves to favor stronger currencies over weaker currencies.
The announcement was made at a conference in Beijing where a vice director of China’s central bank said that the dollar “is losing its status as a world currency”, while an […]

November 6, 2007

US dollar declines versus euro, sterling

Story link: US dollar declines versus euro, sterling

The US dollar fell to another record low in relation to the euro on Tuesday, falling to $1.4570 to the euro in Tuesday morning trade in New York.
The new declines came as investors worried that financial institution losses from the subprime crisis will grow and that the Federal Reserve will cut interest rates again when […]

November 2, 2007

US dollar weaker again

Story link: US dollar weaker again

The US dollar slipped to yet another record low in relation to the euro in morning trade in New York on Friday.
At just before 11 a.m. EDT, the greenback traded at $1.4489 to the euro, continuing a decline which has seen the dollar decline against all major currencies since the beginning of the year.
Some analysts […]

November 1, 2007

Yen strengthens on credit, subprime worries

Story link: Yen strengthens on credit, subprime worries

The yen strengthened on Thursday as investors retreated from risky investments such as carry-trades after broker recommendations were cut on two of the largest US banks, raising concerns that credit market troubles are not yet at an end.
CIBC World Markets cut its rating on Citibank (NYSE: C) from “sector perform” to “sector under perform”, while […]


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	November 30, 2007 USD gains as yen, Swiss franc decline Story link: USD gains as yen, Swiss franc decline The US dollar was helped and the yen hurt by remarks from US Federal Reserve chairman Ben Bernanke, which led analysts and investors to believe another interest rate cut is in the cards. Both the yen and the Swiss franc looked to be about to record their biggest declines in over two years in relation to […] November 29, 2007 US dollar up versus euro, sterling Story link: US dollar up versus euro, sterling The US dollar had its biggest one-day gain versus the euro in two weeks on Thursday as worries rise that the US credit crisis will spread to Europe and that central banks there will have to hold interest rates steady or follow the lead of the US Federal Reserve and cut them. In addition, an analysts’ […] November 28, 2007 US dollar strengthens versus euro Story link: US dollar strengthens versus euro The US dollar notched its biggest one-day gain versus the euro in two weeks on Wednesday after a survey of consumer confidence in Germany dropped to 4.3 in November, its lowest level in almost two years. The decline in confidence made it less likely that the European Central Bank will hike Eurozone interest rates anytime […] November 27, 2007 Yen, swiss franc weaken on carry trades Story link: Yen, swiss franc weaken on carry trades After two days of gains against the US dollar, the yen weakened on Tuesday after investors returned to risk in t he form of carry trades, encouraged by a deal in which Abu Dhabi said it would purchase a stake in Citigroup (NYSE: C) that will put $7.5 billion in cash into the bank to […] November 26, 2007 Yen near two-year high versus USD Story link: Yen near two-year high versus USD The yen held near a two-year peak in relation to the US dollar on more news of writedowns in consequence of defaults on subprime mortgages, this time up to $12 billion in losses for HSBC (NYSE: HBC; LSE: HSBA; Euronext: HSBC; SEHK: 005) according to Goldman Sachs. At just before 2 p.m. in New York the […] November 21, 2007 Swiss franc in second record versus USD in two days Story link: Swiss franc in second record versus USD in two days The Swiss franc hit a new record high versus the US dollar for the second day in a row on Wednesday as investors backed away from risk. It also rose to a two-and-a-half month high in relation to the euro as global equities markets declined on worries about the US economy on a new, more […] November 20, 2007 USD at new low versus euro Story link: USD at new low versus euro The US dollar weakened again on Tuesday, touching yet another new record low versus the euro and hitting a record low in relation to the Swiss franc as well. There are a number of factors feeding into the dollar’s weakness, including increased expectations that the Federal Reserve will cut interest rates again when it meets in […] November 19, 2007 Yen, Swiss franc gain Story link: Yen, Swiss franc gain Currencies that fund risky investments such as carry trades saw gains on Monday while higher-yielding currencies declined after investors once again decided that there is too much uncertainty over the subprime mortgage and credit market crises to take big risks right now. The yen and the Swiss franc both saw gains, while the biggest declines came […] November 16, 2007 Sterling has bad week versus euro, USD Story link: Sterling has bad week versus euro, USD Sterling seemed ready to weaken the most against the euro this week as it has in over two years and to decline the most in a week versus the US dollar as it has in a year and a half, making it look more and more likely that the Bank of England will cut interest […] November 15, 2007 Slow retail sales in UK hurt pound Story link: Slow retail sales in UK hurt pound A new report from the UK Office for National Statistics that retail sales were down by 0.1 percent there in October, adding another reason for the Bank of England to cut interest rates, sent sterling into decline on Thursday. Also tending to weaken the pound was news from Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) […] November 14, 2007 Sterling weaker on BofE report Story link: Sterling weaker on BofE report Sterling weakened Wednesday after Bank of England Governor Mervyn King said that economic growth in the UK is expected to “slow sharply” next year, raising expectations that the Bank’s Monetary Policy Committee will cut interest rates at least once next year. In issuing its quarterly report on inflation, the Bank said that cutting rates once should […] November 13, 2007 Yen drops on new carry trade popularity Story link: Yen drops on new carry trade popularity The yen weakened Tuesday after the Bank of Japan held interest rates there at 0.5 percent and the Bank’s governor did not hint at when rates might go higher. In addition, investor willingness to return to risky carry trades hurt the Japanese currency, as well as the Swiss franc. In afternoon trade in New York, the yen […] November 12, 2007 Flight from risk helps yen, hurts pound Story link: Flight from risk helps yen, hurts pound Sterling weakened Monday on worries about the credit crisis had investors backing away from higher-yielding currencies and after a recommendation cut on Europe’s biggest bank when rated by market value. HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) saw Morgan Stanley cut its recommendation on the bank from “overweight” to “equal weight” on the possibility […] November 9, 2007 Yen gains on US dollar Story link: Yen gains on US dollar The yen hit its highest level versus the US dollar in a year and a half on Friday as falling equities markets and continuing worries over credit markets drove investors away from high-risk carry trades. The yen traded as high as ¥110.51 to the US dollar early in the day in New York and was at […] November 8, 2007 BofE, ECB keep interest rates steady Story link: BofE, ECB keep interest rates steady Both the Bank of England and the European Central Bank held interest rates steady on Thursday, strengthening their respective currencies. The UK interest rate remained at 5.75 percent, as expected, and while there was no announcement of why the Bank chose to leave the rate as it is but recent comments from Bank officials indicate that […] November 7, 2007 China forex diversification news hurts USD Story link: China forex diversification news hurts USD The US dollar suffered and sterling benefited after China said Wednesday that it will diversify its foreign-exchange reserves to favor stronger currencies over weaker currencies. The announcement was made at a conference in Beijing where a vice director of China’s central bank said that the dollar “is losing its status as a world currency”, while an […] November 6, 2007 US dollar declines versus euro, sterling Story link: US dollar declines versus euro, sterling The US dollar fell to another record low in relation to the euro on Tuesday, falling to $1.4570 to the euro in Tuesday morning trade in New York. The new declines came as investors worried that financial institution losses from the subprime crisis will grow and that the Federal Reserve will cut interest rates again when […] November 2, 2007 US dollar weaker again Story link: US dollar weaker again The US dollar slipped to yet another record low in relation to the euro in morning trade in New York on Friday. At just before 11 a.m. EDT, the greenback traded at $1.4489 to the euro, continuing a decline which has seen the dollar decline against all major currencies since the beginning of the year. Some analysts […] November 1, 2007 Yen strengthens on credit, subprime worries Story link: Yen strengthens on credit, subprime worries The yen strengthened on Thursday as investors retreated from risky investments such as carry-trades after broker recommendations were cut on two of the largest US banks, raising concerns that credit market troubles are not yet at an end. CIBC World Markets cut its rating on Citibank (NYSE: C) from “sector perform” to “sector under perform”, while […]
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