February 28, 2008

Dollar at new lows versus euro, Swiss franc

Story link: Dollar at new lows versus euro, Swiss franc

The US dollar weakened Thursday to new lows versus the euro and the Swiss franc and to near a two-and-a-half-year low versus the Japanese yen, while Federal Reserve chairman Ben Bernanke made more comments which have analysts expecting more interest rate cuts soon.
Meanwhile, in a press conference, US President George W. Bush insisted that while […]

February 27, 2008

USD falls on Bernanke comments

Story link: USD falls on Bernanke comments

The US dollar was lower versus the euro on Wednesday on comments from US Federal Reserve chairman Ben Bernanke, who said in testimony before the House Financial Services Committee that the Fed is “ready” to do what is necessary to protect the US economy.
Many analysts took this to meant that more interest rate cuts are […]

February 26, 2008

US dollar declines on new data

Story link: US dollar declines on new data

The US dollar declined versus the euro on Tuesday on separate reports showing that home prices and consumer confidence are down and that producer prices grew by 1 percent in January.
The Conference Board’s index of consumer confidence was at 75 in February, down from 87.3 in January, while home prices in 20 metropolitan areas in […]

February 25, 2008

Yen drops versus all major currencies

Story link: Yen drops versus all major currencies

The yen was lower versus all major currencies on Monday on optimism that US bond insurer Ambac will keep its good credit rating, which sent investors looking for risky carry trades, which they often finance by selling the Japanese currency.
Also fueling optimism was news that there was less of decline in home sales in the […]

February 22, 2008

Yen strengthens on equities declines

Story link: Yen strengthens on equities declines

The yen gained on the US dollar and the euro on Friday on declined on European equities markets and on Wall Street that encouraged investors to exit risky investments such as carry trades.
At just past 1 p.m. in New York the yen traded at ¥106.8650 to the dollar, at ¥158.4006 to the euro, and at […]

February 21, 2008

Pound gains on higher retail sales

Story link: Pound gains on higher retail sales

The pound strengthened versus all major currencies on Thursday on a report from the Office of National Statistics which showed that UK retail sales grew in January by the most in nearly a year.
Sales were 0.8 percent higher in January after a decline of 0.2 percent in December, with food sales growing by 0.7 percent.
The […]

February 20, 2008

Inflation growth sends USD higher

Story link: Inflation growth sends USD higher

The US dollar strengthened versus the euro, the yen, and most major currencies as inflation grew more than expected in January.
The Consumer Price Index was at 4.3 percent in January, up from 4.1 percent in December, while the core CPI excluding food and energy prices rose from 2.4 percent in December to 2.5 percent in […]

February 19, 2008

US dollar lower versus euro

Story link: US dollar lower versus euro

The US dollar declined versus the euro on Tuesday amid continuing speculation that the US Federal Reserve will cut interest rates again soon.
The euro was helped in relation to the dollar and other currencies on comments from the governor of the Bank of France that there is optimism that the economy of the European Union […]

February 15, 2008

US dollar declines on drops in manufacturing, confidence

Story link: US dollar declines on drops in manufacturing, confidence

The US dollar weakened versus the euro, the yen, and the Australian dollar on new data that did not bode well for the US economy.
The New York Federal Reserve’s general economic index dropped to -11 in February, from 9 in January, its first contraction in nearly 3 years signaling a decline in manufacturing in the […]

February 14, 2008

US dollar weaker on Bernanke comments

Story link: US dollar weaker on Bernanke comments

The US dollar declined versus the euro and most other major currencies after remarks from US Federal Reserve chairman Ben Bernanke seemed to indicate that the Fed will cut US interest rates again soon.
US rates have already falling by 2.25 percent since September.
Mr. Bernanke said that he expects growth to pick up its pace later […]

February 13, 2008

Yen declines on US retail sales numbers

Story link: Yen declines on US retail sales numbers

The yen declined against most major currencies on Wednesday after new data showed that US retail sales gained 0.3 percent in January despite analyst expectations that they would decline by 0.3 percent.
The jump in retail sales lessened worries that the US would fall into recession and drag the global economy with it, sending investors in […]

February 12, 2008

Euro gains on yen, USD

Story link: Euro gains on yen, USD

The euro gained on the US dollar and the yen after a new survey showed that German investor confidence grew in February and on comments from a German official.
The German finance minister said he doesn’t see any need for change in Eurozone monetary policy, despite comments from the European Central Bank’s president that implied that […]

February 11, 2008

Yen gains on G7 warning

Story link: Yen gains on G7 warning

The yen gained on the US dollar, the euro, and all other major currencies on Monday after the G7 nations - the United States, the UK, Canada, Italy, France, Germany, and Japan - warned about equities market volatility and the effect it will have on the global economy during a weekend meeting.
G7 officials predicted that […]

February 8, 2008

Euro loses ground versus US dollar

Story link: Euro loses ground versus US dollar

The euro lost ground to the US dollar this week, hurt by remarks from European Central Bank president Jean-Claude Trichet which implied that Eurozone interest rate cuts are coming soon.
In late morning trade in New York on Friday, the dollar was at $1.4498 to the euro, while the pound traded at 74.50p to the shared […]

February 7, 2008

Bank of England cuts interest rates

Story link: Bank of England cuts interest rates

The euro and the pound both declined versus the US dollar on Thursday after the Bank of England’s Monetary Policy Committee cut the UK interest rate and the European Central Bank held Eurozone rates steady at 4 percent but issued a statement that seemed to leave the way open for a rate cut there as […]

February 6, 2008

Euro, pound weaken on interest rate prospects

Story link: Euro, pound weaken on interest rate prospects

The euro and the pound both weakened in relation to most major currencies on Wednesday.
The shared currency declined on the possibility that, while the European Central Bank will hold interest rates steady tomorrow, the ECB’s president will say that rates will have to be cut soon in order to aid growth.
Meanwhile, the pound was hurt […]

February 4, 2008

Yen weaker, loses most versus Australian dollar

Story link: Yen weaker, loses most versus Australian dollar

The yen was weaker on Monday as investors felt more comfortable in pursuing risky carry trades by selling low-yield yen to buy higher-yielding currencies.
The biggest decline for the Japanese currency came versus the Australian dollar as it traded at ¥97.0333 to the Australian currency at just past noon in New York.
At the same time, the […]

February 1, 2008

Euro declines versus USD on US manufacturing

Story link: Euro declines versus USD on US manufacturing

The euro was weaker versus the US dollar on Friday after a new report showed that US manufacturing expanded in January.
The purchasers’ index from the Institute of Supply Management was at 50.7 in January, up from 48.4 in September after most analysts said they thought it would drop rather than rise.
The greenback was trading at […]


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	February 28, 2008 Dollar at new lows versus euro, Swiss franc Story link: Dollar at new lows versus euro, Swiss franc The US dollar weakened Thursday to new lows versus the euro and the Swiss franc and to near a two-and-a-half-year low versus the Japanese yen, while Federal Reserve chairman Ben Bernanke made more comments which have analysts expecting more interest rate cuts soon. Meanwhile, in a press conference, US President George W. Bush insisted that while […] February 27, 2008 USD falls on Bernanke comments Story link: USD falls on Bernanke comments The US dollar was lower versus the euro on Wednesday on comments from US Federal Reserve chairman Ben Bernanke, who said in testimony before the House Financial Services Committee that the Fed is “ready” to do what is necessary to protect the US economy. Many analysts took this to meant that more interest rate cuts are […] February 26, 2008 US dollar declines on new data Story link: US dollar declines on new data The US dollar declined versus the euro on Tuesday on separate reports showing that home prices and consumer confidence are down and that producer prices grew by 1 percent in January. The Conference Board’s index of consumer confidence was at 75 in February, down from 87.3 in January, while home prices in 20 metropolitan areas in […] February 25, 2008 Yen drops versus all major currencies Story link: Yen drops versus all major currencies The yen was lower versus all major currencies on Monday on optimism that US bond insurer Ambac will keep its good credit rating, which sent investors looking for risky carry trades, which they often finance by selling the Japanese currency. Also fueling optimism was news that there was less of decline in home sales in the […] February 22, 2008 Yen strengthens on equities declines Story link: Yen strengthens on equities declines The yen gained on the US dollar and the euro on Friday on declined on European equities markets and on Wall Street that encouraged investors to exit risky investments such as carry trades. At just past 1 p.m. in New York the yen traded at ¥106.8650 to the dollar, at ¥158.4006 to the euro, and at […] February 21, 2008 Pound gains on higher retail sales Story link: Pound gains on higher retail sales The pound strengthened versus all major currencies on Thursday on a report from the Office of National Statistics which showed that UK retail sales grew in January by the most in nearly a year. Sales were 0.8 percent higher in January after a decline of 0.2 percent in December, with food sales growing by 0.7 percent. The […] February 20, 2008 Inflation growth sends USD higher Story link: Inflation growth sends USD higher The US dollar strengthened versus the euro, the yen, and most major currencies as inflation grew more than expected in January. The Consumer Price Index was at 4.3 percent in January, up from 4.1 percent in December, while the core CPI excluding food and energy prices rose from 2.4 percent in December to 2.5 percent in […] February 19, 2008 US dollar lower versus euro Story link: US dollar lower versus euro The US dollar declined versus the euro on Tuesday amid continuing speculation that the US Federal Reserve will cut interest rates again soon. The euro was helped in relation to the dollar and other currencies on comments from the governor of the Bank of France that there is optimism that the economy of the European Union […] February 15, 2008 US dollar declines on drops in manufacturing, confidence Story link: US dollar declines on drops in manufacturing, confidence The US dollar weakened versus the euro, the yen, and the Australian dollar on new data that did not bode well for the US economy. The New York Federal Reserve’s general economic index dropped to -11 in February, from 9 in January, its first contraction in nearly 3 years signaling a decline in manufacturing in the […] February 14, 2008 US dollar weaker on Bernanke comments Story link: US dollar weaker on Bernanke comments The US dollar declined versus the euro and most other major currencies after remarks from US Federal Reserve chairman Ben Bernanke seemed to indicate that the Fed will cut US interest rates again soon. US rates have already falling by 2.25 percent since September. Mr. Bernanke said that he expects growth to pick up its pace later […] February 13, 2008 Yen declines on US retail sales numbers Story link: Yen declines on US retail sales numbers The yen declined against most major currencies on Wednesday after new data showed that US retail sales gained 0.3 percent in January despite analyst expectations that they would decline by 0.3 percent. The jump in retail sales lessened worries that the US would fall into recession and drag the global economy with it, sending investors in […] February 12, 2008 Euro gains on yen, USD Story link: Euro gains on yen, USD The euro gained on the US dollar and the yen after a new survey showed that German investor confidence grew in February and on comments from a German official. The German finance minister said he doesn’t see any need for change in Eurozone monetary policy, despite comments from the European Central Bank’s president that implied that […] February 11, 2008 Yen gains on G7 warning Story link: Yen gains on G7 warning The yen gained on the US dollar, the euro, and all other major currencies on Monday after the G7 nations - the United States, the UK, Canada, Italy, France, Germany, and Japan - warned about equities market volatility and the effect it will have on the global economy during a weekend meeting. G7 officials predicted that […] February 8, 2008 Euro loses ground versus US dollar Story link: Euro loses ground versus US dollar The euro lost ground to the US dollar this week, hurt by remarks from European Central Bank president Jean-Claude Trichet which implied that Eurozone interest rate cuts are coming soon. In late morning trade in New York on Friday, the dollar was at $1.4498 to the euro, while the pound traded at 74.50p to the shared […] February 7, 2008 Bank of England cuts interest rates Story link: Bank of England cuts interest rates The euro and the pound both declined versus the US dollar on Thursday after the Bank of England’s Monetary Policy Committee cut the UK interest rate and the European Central Bank held Eurozone rates steady at 4 percent but issued a statement that seemed to leave the way open for a rate cut there as […] February 6, 2008 Euro, pound weaken on interest rate prospects Story link: Euro, pound weaken on interest rate prospects The euro and the pound both weakened in relation to most major currencies on Wednesday. The shared currency declined on the possibility that, while the European Central Bank will hold interest rates steady tomorrow, the ECB’s president will say that rates will have to be cut soon in order to aid growth. Meanwhile, the pound was hurt […] February 4, 2008 Yen weaker, loses most versus Australian dollar Story link: Yen weaker, loses most versus Australian dollar The yen was weaker on Monday as investors felt more comfortable in pursuing risky carry trades by selling low-yield yen to buy higher-yielding currencies. The biggest decline for the Japanese currency came versus the Australian dollar as it traded at ¥97.0333 to the Australian currency at just past noon in New York. At the same time, the […] February 1, 2008 Euro declines versus USD on US manufacturing Story link: Euro declines versus USD on US manufacturing The euro was weaker versus the US dollar on Friday after a new report showed that US manufacturing expanded in January. The purchasers’ index from the Institute of Supply Management was at 50.7 in January, up from 48.4 in September after most analysts said they thought it would drop rather than rise. The greenback was trading at […]
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