January 31, 2008

South African rand at 5-month low versus US dollar

Story link: South African rand at 5-month low versus US dollar

The South African rand hit a 5-month low versus the US dollar Thursdasy and dropped against all major currencies after the South African Reserve Bank held the repurchase rate at 11 percent.
In addition, the inflation rate reached 8.6 percent in December, against a target rate of 3 percent to 6 percent, and analysts don’t believe […]

January 30, 2008

Yen weakens ahead of Fed decision

Story link: Yen weakens ahead of Fed decision

The yen was weaker on Wednesday ahead of the decision on interest rates from the US Federal Reserve, as most investors expected a rate cut, and with it gains in equities and a return to risky carry trades.
At almost 2 p.m. in New York, the yen traded at ¥107.2150 to the dollar, at ¥158.7371 to […]

January 29, 2008

Dollar gains on durable goods report

Story link: Dollar gains on durable goods report

The US dollar was stronger versus the euro on Tuesday on a report from the Commerce Department that showed durable goods orders up 5.2 percent in December, against an expected rise of only 1.6 percent as well as on continuing hopes that the Federal Reserve will cut interest rates again later in the week.
The news […]

January 28, 2008

USD lower versus euro on interest rates, new home sales

Story link: USD lower versus euro on interest rates, new home sales

The US dollar dropped to its lowest level versus the euro in almost two weeks on Monday on expectations that the Federal Reserve will cut interest rates by another half of a percentage point when it meets later this week and on new data showing that new home sales were at a 12-year low in […]

January 25, 2008

US dollar gains on euro

Story link: US dollar gains on euro

The US dollar strengthened in relation to the euro and the yen Friday.
In afternoon trade in Europe the dollar traded at $1.4718 to the euro, and by early afternoon in New York the greenback was at $1.4671 to the shared currency.
Meanwhile, it cost ¥107.68 to buy a dollar in morning trade in New York, but […]

January 24, 2008

Euro strengthens on remarks from ECB official

Story link: Euro strengthens on remarks from ECB official

The euro saw gains versus the US dollar and the yen on Thursday after a member of the European Central Bank’s council made comments discounting speculation that the ECB might need to cut interest rates, calling the idea of a rate cut “wishful thinking”.
The euro was lower Wednesday despite remarks from the ECB’s president implying […]

January 23, 2008

Euro weaker despite Trichet comments

Story link: Euro weaker despite Trichet comments

The euro weakened versus the US dollar, the yen, and the Swiss franc on Wednesday as investors didn’t buy into remarks from European Central Bank president Jean-Claude Trichet that he is determined to keep inflation under control.
The general consensus, however, is that the ECB will likely have to follow the Federal Reserve and cut […]

January 22, 2008

Fed cuts US interest rate to 3.5 percent

Story link: Fed cuts US interest rate to 3.5 percent

The US dollar saw its biggest one-day decline versus the euro in two months on the announcement that the US Federal Reserve had taken emergency action to cut interest rates ahead of its scheduled meeting on 29 - 30 January.
The Fed, in an 8 to 1 vote, cut its benchmark interest rate by three-quarters of […]

January 21, 2008

Euro weakens versus yen, dollar, pound

Story link: Euro weakens versus yen, dollar, pound

The euro was weaker in relation to the yen, the US dollar, the pound, and several other major currencies on Monday ahead of the scheduled release of the latest Ifo survey on the business climate, due on Thursday and suspicions that the declining economic growth could force the European Central Bank to rethink its […]

January 18, 2008

Yen, pound weaker

Story link: Yen, pound weaker

The yen weakened in relation to the US dollar and the euro on Friday, while the pound also weakened after news that UK retail sales dropped in December.
Hurt by a return to risk by some investors, the yen traded at ¥106.9600 to the dollar in early afternoon trade in New York while it was at […]

January 17, 2008

Bernanke comments hurt US dollar

Story link: Bernanke comments hurt US dollar

The US dollar weakened versus the euro on Thursday after Federal Reserve Chairman Ben Bernanke said in testimony before the Budget Committee of the House of Representatives that the Fed is ready to take “substantive action” to aid the economy because of the risks to growth to the US economy.
His comments led to heightened […]

January 16, 2008

Euro declines versus USD on interest rate speculation

Story link: Euro declines versus USD on interest rate speculation

The euro was weaker Wednesday on comments from a member of the European Central Bank’s council which triggered speculation that the ECB could join the US Federal Reserve in cutting interest rates this year.
It was a turnaround from recent comments from the ECB’s president that indicated virtually no chance of rate cuts in the […]

January 15, 2008

US dollar hurt by retail sales report, bank results

Story link: US dollar hurt by retail sales report, bank results

The US dollar weakened in relation to the yen, the Swiss franc and the pound on Tuesday on reports that retail sales fell in December and that Citigroup (NYSE: C) lost $9.83 billion in the fourth quarter of 2007.
Not helping matters was a statement from former Federal Reserve chairman Alan Greenspan in a published […]

January 14, 2008

US dollar nears record low versus euro

Story link: US dollar nears record low versus euro

The US dollar was weaker versus the euro and all other major currencies on Monday on continuing speculation that interest rates in the United States will drop again soon.
Many analysts are convinced that the main US interest rate will move lower than the Eurozone interest rate for the first time in three years.
The declines also […]

January 11, 2008

Yen gains on credit market worries

Story link: Yen gains on credit market worries

The Japanese yen saw gains Friday when investors reacted to more bad news from credit markets, this time a report that Merrill Lynch could take as much as $15 billion in write downs, by backing away from risky investments.
In early afternoon trade in New York the yen traded at ¥109.0100 to the US dollar, to […]

January 10, 2008

Bank of England, ECB hold rates unchanged

Story link: Bank of England, ECB hold rates unchanged

The Bank of England and the European Central Bank each held interest rates steady on Thursday, sending the euro higher versus the US dollar even as the pound fell to a new all-time low versus the euro.
The Bank of England’s Monetary Policy Committee held the interest rate at 5.5 percent as had been expected by […]

January 9, 2008

Euro weakens on German data

Story link: Euro weakens on German data

The euro weakened versus most other major currencies on Wednesday as new data showed that German retail sales, production, and exports all were lower in November.
These indications that Eurozone economic growth could be slowing raised the possibility that the European Central Bank will not raise interest rates this year, and in fact the ECB is […]

January 8, 2008

Pound gains on US dollar, euro, yen

Story link: Pound gains on US dollar, euro, yen

The pound was stronger versus the US dollar, the euro and the yen on Tuesday on sentiment that the Bank of England will be able to avoid cutting interest rates when it meets later in the week.
Helping the gain was new data showing that while UK home prices dropped 0.8 percent in the last quarter […]

January 7, 2008

Pound declines versus dollar

Story link: Pound declines versus dollar

The pound touched a five-month low in relation to the US dollar on Monday but made gains against the euro after comments from Prime Minster Gordon Brown made it seem more likely that the Bank of England will cut interest rates again soon.
After the pound traded as low as $1.9653 to the dollar, it […]

January 4, 2008

US dollar drops on employment data

Story link: US dollar drops on employment data

The US dollar fell to one-month lows against both the euro and the yen on Friday after the US Labor Department reported that jobs growth in December fell to its lowest level in four years and the unemployment rate jumped to 5 percent, from 4.8 percent in November.
The report showed that only 18,000 new jobs […]


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	January 31, 2008 South African rand at 5-month low versus US dollar Story link: South African rand at 5-month low versus US dollar The South African rand hit a 5-month low versus the US dollar Thursdasy and dropped against all major currencies after the South African Reserve Bank held the repurchase rate at 11 percent. In addition, the inflation rate reached 8.6 percent in December, against a target rate of 3 percent to 6 percent, and analysts don’t believe […] January 30, 2008 Yen weakens ahead of Fed decision Story link: Yen weakens ahead of Fed decision The yen was weaker on Wednesday ahead of the decision on interest rates from the US Federal Reserve, as most investors expected a rate cut, and with it gains in equities and a return to risky carry trades. At almost 2 p.m. in New York, the yen traded at ¥107.2150 to the dollar, at ¥158.7371 to […] January 29, 2008 Dollar gains on durable goods report Story link: Dollar gains on durable goods report The US dollar was stronger versus the euro on Tuesday on a report from the Commerce Department that showed durable goods orders up 5.2 percent in December, against an expected rise of only 1.6 percent as well as on continuing hopes that the Federal Reserve will cut interest rates again later in the week. The news […] January 28, 2008 USD lower versus euro on interest rates, new home sales Story link: USD lower versus euro on interest rates, new home sales The US dollar dropped to its lowest level versus the euro in almost two weeks on Monday on expectations that the Federal Reserve will cut interest rates by another half of a percentage point when it meets later this week and on new data showing that new home sales were at a 12-year low in […] January 25, 2008 US dollar gains on euro Story link: US dollar gains on euro The US dollar strengthened in relation to the euro and the yen Friday. In afternoon trade in Europe the dollar traded at $1.4718 to the euro, and by early afternoon in New York the greenback was at $1.4671 to the shared currency. Meanwhile, it cost ¥107.68 to buy a dollar in morning trade in New York, but […] January 24, 2008 Euro strengthens on remarks from ECB official Story link: Euro strengthens on remarks from ECB official The euro saw gains versus the US dollar and the yen on Thursday after a member of the European Central Bank’s council made comments discounting speculation that the ECB might need to cut interest rates, calling the idea of a rate cut “wishful thinking”. The euro was lower Wednesday despite remarks from the ECB’s president implying […] January 23, 2008 Euro weaker despite Trichet comments Story link: Euro weaker despite Trichet comments The euro weakened versus the US dollar, the yen, and the Swiss franc on Wednesday as investors didn’t buy into remarks from European Central Bank president Jean-Claude Trichet that he is determined to keep inflation under control. The general consensus, however, is that the ECB will likely have to follow the Federal Reserve and cut […] January 22, 2008 Fed cuts US interest rate to 3.5 percent Story link: Fed cuts US interest rate to 3.5 percent The US dollar saw its biggest one-day decline versus the euro in two months on the announcement that the US Federal Reserve had taken emergency action to cut interest rates ahead of its scheduled meeting on 29 - 30 January. The Fed, in an 8 to 1 vote, cut its benchmark interest rate by three-quarters of […] January 21, 2008 Euro weakens versus yen, dollar, pound Story link: Euro weakens versus yen, dollar, pound The euro was weaker in relation to the yen, the US dollar, the pound, and several other major currencies on Monday ahead of the scheduled release of the latest Ifo survey on the business climate, due on Thursday and suspicions that the declining economic growth could force the European Central Bank to rethink its […] January 18, 2008 Yen, pound weaker Story link: Yen, pound weaker The yen weakened in relation to the US dollar and the euro on Friday, while the pound also weakened after news that UK retail sales dropped in December. Hurt by a return to risk by some investors, the yen traded at ¥106.9600 to the dollar in early afternoon trade in New York while it was at […] January 17, 2008 Bernanke comments hurt US dollar Story link: Bernanke comments hurt US dollar The US dollar weakened versus the euro on Thursday after Federal Reserve Chairman Ben Bernanke said in testimony before the Budget Committee of the House of Representatives that the Fed is ready to take “substantive action” to aid the economy because of the risks to growth to the US economy. His comments led to heightened […] January 16, 2008 Euro declines versus USD on interest rate speculation Story link: Euro declines versus USD on interest rate speculation The euro was weaker Wednesday on comments from a member of the European Central Bank’s council which triggered speculation that the ECB could join the US Federal Reserve in cutting interest rates this year. It was a turnaround from recent comments from the ECB’s president that indicated virtually no chance of rate cuts in the […] January 15, 2008 US dollar hurt by retail sales report, bank results Story link: US dollar hurt by retail sales report, bank results The US dollar weakened in relation to the yen, the Swiss franc and the pound on Tuesday on reports that retail sales fell in December and that Citigroup (NYSE: C) lost $9.83 billion in the fourth quarter of 2007. Not helping matters was a statement from former Federal Reserve chairman Alan Greenspan in a published […] January 14, 2008 US dollar nears record low versus euro Story link: US dollar nears record low versus euro The US dollar was weaker versus the euro and all other major currencies on Monday on continuing speculation that interest rates in the United States will drop again soon. Many analysts are convinced that the main US interest rate will move lower than the Eurozone interest rate for the first time in three years. The declines also […] January 11, 2008 Yen gains on credit market worries Story link: Yen gains on credit market worries The Japanese yen saw gains Friday when investors reacted to more bad news from credit markets, this time a report that Merrill Lynch could take as much as $15 billion in write downs, by backing away from risky investments. In early afternoon trade in New York the yen traded at ¥109.0100 to the US dollar, to […] January 10, 2008 Bank of England, ECB hold rates unchanged Story link: Bank of England, ECB hold rates unchanged The Bank of England and the European Central Bank each held interest rates steady on Thursday, sending the euro higher versus the US dollar even as the pound fell to a new all-time low versus the euro. The Bank of England’s Monetary Policy Committee held the interest rate at 5.5 percent as had been expected by […] January 9, 2008 Euro weakens on German data Story link: Euro weakens on German data The euro weakened versus most other major currencies on Wednesday as new data showed that German retail sales, production, and exports all were lower in November. These indications that Eurozone economic growth could be slowing raised the possibility that the European Central Bank will not raise interest rates this year, and in fact the ECB is […] January 8, 2008 Pound gains on US dollar, euro, yen Story link: Pound gains on US dollar, euro, yen The pound was stronger versus the US dollar, the euro and the yen on Tuesday on sentiment that the Bank of England will be able to avoid cutting interest rates when it meets later in the week. Helping the gain was new data showing that while UK home prices dropped 0.8 percent in the last quarter […] January 7, 2008 Pound declines versus dollar Story link: Pound declines versus dollar The pound touched a five-month low in relation to the US dollar on Monday but made gains against the euro after comments from Prime Minster Gordon Brown made it seem more likely that the Bank of England will cut interest rates again soon. After the pound traded as low as $1.9653 to the dollar, it […] January 4, 2008 US dollar drops on employment data Story link: US dollar drops on employment data The US dollar fell to one-month lows against both the euro and the yen on Friday after the US Labor Department reported that jobs growth in December fell to its lowest level in four years and the unemployment rate jumped to 5 percent, from 4.8 percent in November. The report showed that only 18,000 new jobs […] Next Page »
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