December 31, 2007

Euro ends year up on US dollar, pound

Story link: Euro ends year up on US dollar, pound

The US dollar gained on the euro on the last day of the year on Monday, but it still ended the year having lost 10 percent to the shared currency.
At just past noon in New York it took $1.4577 to buy a euro, while the dollar stood at ¥111.8150 to the yen.
The session’s gains for […]

December 28, 2007

US dollar drops on weak home sales, Pakistan unrest

Story link: US dollar drops on weak home sales, Pakistan unrest

The US dollar was weaker in relation to the euro for the sixth session in a row on Friday as unrest continued in Pakistan and as a Commerce Department report showed that new home sales were down again in November.
The report said that new home sales were down by 9 percent last month, falling even […]

December 27, 2007

Swiss franc gains after Bhutto assassination

Story link: Swiss franc gains after Bhutto assassination

The Swiss franc saw gains against the euro, the US dollar, and most other major currencies on Thursday after opposition leader Benazir Bhutto was assassinated in Pakistan.
The gains came on investor demand for a safe place for their money amid uncertainty after the political killing.
The franc also gained on the dollar on renewed speculation that […]

December 24, 2007

Yen, pound lower in holiday-limited trade

Story link: Yen, pound lower in holiday-limited trade

On a day when the Japanese markets are closed to celebrate the emperor’s birthday and many traders in other regions of the world have taken the day off to celebrate Christmas Eve, the yen weakened against almost all major currencies as the equities markets that are open today saw gains.
Markets were higher after Merrill Lynch […]

December 21, 2007

Yen weakens on US spending data

Story link: Yen weakens on US spending data

The Japanese yen weakened against all sixteen major currencies on Friday after the US Commerce Department released new data showing that personal spending was up 1.1 percent in the US in November, much higher than spending in October, easing worries that the US economy will weaken significantly.
The new information as well as a rally among […]

December 20, 2007

Yen gains after warning

Story link: Yen gains after warning

The yen was up in relation to all sixteen most active currencies on Thursday on warnings from Bank of Japan officials that economic growth will slow globally in 2008.
The caution send investors away from risk, while the yen especially gained against the dollar on the further news that Philadelphia-region manufacturing contracted to its lowest level […]

December 19, 2007

Pound weakens on interest rate possibilities

Story link: Pound weakens on interest rate possibilities

The pound weakened versus the US dollar on Wednesday on the continuing possibility that the Bank of England will cut interest rates again soon in order to protect the UK economy from slowing.
These concerns were amplified by the release of the minutes of the last meeting of the Bank’s Monetary Policy Committee, which showed that […]

December 18, 2007

Yen down on ECB move

Story link: Yen down on ECB move

Japan’s yen declined in relation to a number of currencies on Tuesday after a huge injection of cash into the banking system by the European Central Bank sent investors back to risky carry trades.
The ECB put $500 billion, a record, into the system, a day after the US Federal Reserve held the first of its […]

December 17, 2007

US dollar gains versus euro

Story link: US dollar gains versus euro

The US dollar was higher against most major currencies on Monday and hit a seven-week high versus the euro on reduced chances that the Federal Reserve will cut interest rates again next month.
Also helping the greenback was a report from the Commerce Department that the US current-account deficit shrunk to $178.5 billion in the third […]

December 14, 2007

US dollar ends week up versus euro

Story link: US dollar ends week up versus euro

The US dollar strengthened Friday as analysts cut their expectation that the Federal Reserve will send interest rates lower again in January after they judged recent economic data might not support another rate cut right away.
In early afternoon trade the greenback was trading at $1.4449 to the euro and at $2.0220 to the pound, […]

December 13, 2007

USD gains on euro, sterling

Story link: USD gains on euro, sterling

A new report that shows US retail sales were up 1.2 percent in November, more than had been expected, helped the dollar to gain on the euro, the pound and the Swiss franc on Thursday.
In early-afternoon trade in New York, the greenback was trading at $1.4606 to the euro and at $2.0392 to the pound, […]

December 12, 2007

Central bank moves send yen, Swiss franc lower

Story link: Central bank moves send yen, Swiss franc lower

The yen and the Swiss franc weakened again Wednesday as a move by several central banks in Europe and North America to inject more liquidity into the banking system induced investors to bet that banks will be more willing to lend money and that the US economy will not enter a recession by seeking out […]

December 11, 2007

Greenback weakens ahead of Fed rate decision

Story link: Greenback weakens ahead of Fed rate decision

Much of the action on global currency markets on Tuesday seemed to be driven by the expectation that the US Federal Reserve will cut interest rates later in the day, even though analysts today don’t give the prospect of a rate cut as much of a probability as they did on Monday.
While on Monday interest-rate […]

December 10, 2007

Euro strengthens on interest rate speculation

Story link: Euro strengthens on interest rate speculation

The euro gained on the US dollar and the yen on Monday after officials with the European Central Bank made statements indicating that they are concerned about inflation.
Recent comments from Juergen Stark and Erkki Liikanen showed that they do not agree with Bank staff predictions that say inflation will fall below the Bank’s 2 percent […]

December 7, 2007

Dollar gains on employment data

Story link: Dollar gains on employment data

The US dollar saw gains for the third consecutive day on Friday after the Labor Department reported that 94,000 jobs were created in November, down from October’s number but more than had been expected, and that the unemployment rate remained at 4.7 percent when analysts had anticipated that it would rise to 4.8 percent.
The new […]

December 6, 2007

Interest rate decisions help sterling, euro, rand

Story link: Interest rate decisions help sterling, euro, rand

Sterling gained back some of its recent losses in relation to the US dollar on Thursday after the Bank of England’s Monetary Policy Committee decided to cut UK interest rates from 5.75 percent to 5.5 percent.
It was the first rate cut there in over two years and was unexpected by all but a minority of […]

December 5, 2007

Dollar strengthens on data

Story link: Dollar strengthens on data

The US dollar was stronger Wednesday as new data showed that more jobs than expected were created in the US in November, that factory orders were up in October and that worker productivity advanced in the third quarter.
Factory orders were up by 0.5 percent in October, while there were 189,000 new jobs created in […]

December 4, 2007

Swiss franc strengthens on risk aversion

Story link: Swiss franc strengthens on risk aversion

The Swiss franc strengthened on Tuesday as investors turned away from risk after remarks from a member of the European Central Bank’s board said that Eurozone growth could be hurt by repercussions from the US housing slump.
The Swiss franc was trading at SFr1.1177 to the US dollar in early afternoon trade in New York, while […]

December 3, 2007

Dollar weakens as yen, sterling see gains

Story link: Dollar weakens as yen, sterling see gains

The US dollar weakened versus the yen and sterling on Monday after a new survey showed that manufacturing activity in the US in November teetered ever nearer contraction rather than expansion.
The Institute for Supply Management’s November factor index reading was down to 50.8 in November after showing a reading of 50.9 in October, with any […]


Daily World Currencies News from London		Friday 12th 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	December 31, 2007 Euro ends year up on US dollar, pound Story link: Euro ends year up on US dollar, pound The US dollar gained on the euro on the last day of the year on Monday, but it still ended the year having lost 10 percent to the shared currency. At just past noon in New York it took $1.4577 to buy a euro, while the dollar stood at ¥111.8150 to the yen. The session’s gains for […] December 28, 2007 US dollar drops on weak home sales, Pakistan unrest Story link: US dollar drops on weak home sales, Pakistan unrest The US dollar was weaker in relation to the euro for the sixth session in a row on Friday as unrest continued in Pakistan and as a Commerce Department report showed that new home sales were down again in November. The report said that new home sales were down by 9 percent last month, falling even […] December 27, 2007 Swiss franc gains after Bhutto assassination Story link: Swiss franc gains after Bhutto assassination The Swiss franc saw gains against the euro, the US dollar, and most other major currencies on Thursday after opposition leader Benazir Bhutto was assassinated in Pakistan. The gains came on investor demand for a safe place for their money amid uncertainty after the political killing. The franc also gained on the dollar on renewed speculation that […] December 24, 2007 Yen, pound lower in holiday-limited trade Story link: Yen, pound lower in holiday-limited trade On a day when the Japanese markets are closed to celebrate the emperor’s birthday and many traders in other regions of the world have taken the day off to celebrate Christmas Eve, the yen weakened against almost all major currencies as the equities markets that are open today saw gains. Markets were higher after Merrill Lynch […] December 21, 2007 Yen weakens on US spending data Story link: Yen weakens on US spending data The Japanese yen weakened against all sixteen major currencies on Friday after the US Commerce Department released new data showing that personal spending was up 1.1 percent in the US in November, much higher than spending in October, easing worries that the US economy will weaken significantly. The new information as well as a rally among […] December 20, 2007 Yen gains after warning Story link: Yen gains after warning The yen was up in relation to all sixteen most active currencies on Thursday on warnings from Bank of Japan officials that economic growth will slow globally in 2008. The caution send investors away from risk, while the yen especially gained against the dollar on the further news that Philadelphia-region manufacturing contracted to its lowest level […] December 19, 2007 Pound weakens on interest rate possibilities Story link: Pound weakens on interest rate possibilities The pound weakened versus the US dollar on Wednesday on the continuing possibility that the Bank of England will cut interest rates again soon in order to protect the UK economy from slowing. These concerns were amplified by the release of the minutes of the last meeting of the Bank’s Monetary Policy Committee, which showed that […] December 18, 2007 Yen down on ECB move Story link: Yen down on ECB move Japan’s yen declined in relation to a number of currencies on Tuesday after a huge injection of cash into the banking system by the European Central Bank sent investors back to risky carry trades. The ECB put $500 billion, a record, into the system, a day after the US Federal Reserve held the first of its […] December 17, 2007 US dollar gains versus euro Story link: US dollar gains versus euro The US dollar was higher against most major currencies on Monday and hit a seven-week high versus the euro on reduced chances that the Federal Reserve will cut interest rates again next month. Also helping the greenback was a report from the Commerce Department that the US current-account deficit shrunk to $178.5 billion in the third […] December 14, 2007 US dollar ends week up versus euro Story link: US dollar ends week up versus euro The US dollar strengthened Friday as analysts cut their expectation that the Federal Reserve will send interest rates lower again in January after they judged recent economic data might not support another rate cut right away. In early afternoon trade the greenback was trading at $1.4449 to the euro and at $2.0220 to the pound, […] December 13, 2007 USD gains on euro, sterling Story link: USD gains on euro, sterling A new report that shows US retail sales were up 1.2 percent in November, more than had been expected, helped the dollar to gain on the euro, the pound and the Swiss franc on Thursday. In early-afternoon trade in New York, the greenback was trading at $1.4606 to the euro and at $2.0392 to the pound, […] December 12, 2007 Central bank moves send yen, Swiss franc lower Story link: Central bank moves send yen, Swiss franc lower The yen and the Swiss franc weakened again Wednesday as a move by several central banks in Europe and North America to inject more liquidity into the banking system induced investors to bet that banks will be more willing to lend money and that the US economy will not enter a recession by seeking out […] December 11, 2007 Greenback weakens ahead of Fed rate decision Story link: Greenback weakens ahead of Fed rate decision Much of the action on global currency markets on Tuesday seemed to be driven by the expectation that the US Federal Reserve will cut interest rates later in the day, even though analysts today don’t give the prospect of a rate cut as much of a probability as they did on Monday. While on Monday interest-rate […] December 10, 2007 Euro strengthens on interest rate speculation Story link: Euro strengthens on interest rate speculation The euro gained on the US dollar and the yen on Monday after officials with the European Central Bank made statements indicating that they are concerned about inflation. Recent comments from Juergen Stark and Erkki Liikanen showed that they do not agree with Bank staff predictions that say inflation will fall below the Bank’s 2 percent […] December 7, 2007 Dollar gains on employment data Story link: Dollar gains on employment data The US dollar saw gains for the third consecutive day on Friday after the Labor Department reported that 94,000 jobs were created in November, down from October’s number but more than had been expected, and that the unemployment rate remained at 4.7 percent when analysts had anticipated that it would rise to 4.8 percent. The new […] December 6, 2007 Interest rate decisions help sterling, euro, rand Story link: Interest rate decisions help sterling, euro, rand Sterling gained back some of its recent losses in relation to the US dollar on Thursday after the Bank of England’s Monetary Policy Committee decided to cut UK interest rates from 5.75 percent to 5.5 percent. It was the first rate cut there in over two years and was unexpected by all but a minority of […] December 5, 2007 Dollar strengthens on data Story link: Dollar strengthens on data The US dollar was stronger Wednesday as new data showed that more jobs than expected were created in the US in November, that factory orders were up in October and that worker productivity advanced in the third quarter. Factory orders were up by 0.5 percent in October, while there were 189,000 new jobs created in […] December 4, 2007 Swiss franc strengthens on risk aversion Story link: Swiss franc strengthens on risk aversion The Swiss franc strengthened on Tuesday as investors turned away from risk after remarks from a member of the European Central Bank’s board said that Eurozone growth could be hurt by repercussions from the US housing slump. The Swiss franc was trading at SFr1.1177 to the US dollar in early afternoon trade in New York, while […] December 3, 2007 Dollar weakens as yen, sterling see gains Story link: Dollar weakens as yen, sterling see gains The US dollar weakened versus the yen and sterling on Monday after a new survey showed that manufacturing activity in the US in November teetered ever nearer contraction rather than expansion. The Institute for Supply Management’s November factor index reading was down to 50.8 in November after showing a reading of 50.9 in October, with any […]
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