March 31, 2008

Pound touches new low versus euro

Story link: Pound touches new low versus euro

The US dollar traded close to record lows versus the euro on Monday while the pound touched a new record low versus the shared currency during the session.
The pound was hurt by a report from Hometrack Ltd which showed that home prices in England and Wales were down 0.2 percent in March, to an average […]

March 28, 2008

Pound declines on consumer confidence, home values

Story link: Pound declines on consumer confidence, home values

The pound was lower versus most major currencies on Friday on falling confidence among UK consumers and on slow growth in the value of a home there.
The British currency was also hurt by expectations that the Bank of England will cut interest rates when it’s Monetary Policy Committee meets in April.
Growth of the gross domestic […]

March 27, 2008

Rand gains on interest rate speculation

Story link: Rand gains on interest rate speculation

The South African rand gained on the US dollar on Thursday on the possibility that the South African Reserve Bank will hike interest rates next month as a way to fight inflation.
The speculation came after remarks from the Bank’s governor that inflation is now beginning to affect other prices besides just those for food and […]

March 26, 2008

Ifo business survey, Trichet comments boost euro

Story link: Ifo business survey, Trichet comments boost euro

The euro was higher versus the US dollar on Wednesday on gains in business confidence in Germany in March.
The Ifo business climate index was up to 104.8 from 104.1 in February against an expected decline.
Also helping the euro were comments from European Central Bank president Jean-Claude Trichet, who said that interest rates should hold Eurozone […]

March 25, 2008

USD down on more expected rate cuts

Story link: USD down on more expected rate cuts

The US dollar declined versus the euro on Tuesday on the possibility that the US Federal Reserve will cut interest rates again next month, by as much as half a percentage point.
The euro gained ahead of testimony by European Central Bank president Jean-Claude Trichet before the European Parliament, due Wednesday, while the dollar was hurt […]

March 20, 2008

US dollar up versus commodity-related currencies

Story link: US dollar up versus commodity-related currencies

The US dollar made gains against commodity-related currencies on Thursday as commodities prices continued their declines on worries that demand for commodities will decline with the weak US economy.
In early afternoon trade in New York, West Texas Intermediate crude oil for May delivery was down $1.84 from Wednesday’s close to $100.70 per barrel, while April […]

March 19, 2008

USD drops on fear rate cuts not enough

Story link: USD drops on fear rate cuts not enough

The US dollar was lower versus the euro, the yen and the Swiss franc on Wednesday after seeing gains on Tuesday after the US Federal Reserve cut interest rates by three-quarters of a percentage point to 2.25 percent.
The day’s declines came on concerns that the Fed’s accumulated rate cuts over the past few months will […]

March 17, 2008

Dollar declines on Fed move, discount sale of Bear Stearns

Story link: Dollar declines on Fed move, discount sale of Bear Stearns

The US dollar weakened Monday after a weekend during which the US Federal Reserve cut its discount rate, the rate it charges banks to borrow money, by a quarter of a percentage point to 3.25 percent at an unscheduled meeting and JPMorgan Chase (NYSE: JPM; TYO: 8634) bought the troubled Bear Stearns (NYSE: BSC) for […]

March 14, 2008

US dollar continues declines

Story link: US dollar continues declines

The US dollar fell to another record low versus the euro on Friday when it slipped to $1.5688 to the shared currency before gaining back some losses in midday trade in New York, while the dollar also dropped to a 12-year low versus the yen and fell below parity with the Swiss franc for the […]

March 13, 2008

Dollar drops below ¥100

Story link: Dollar drops below ¥100

The US dollar continued its declines on Thursday as it hit another new low versus the euro, dropped below ¥100 for the first time since 1995, and pulled nearly even versus the Swiss franc.
The new declines for the greenback came after the announcement that lenders will seize the asses of a mortgage bond fund belonging […]

March 12, 2008

Dollar declines on doubts about Fed program

Story link: Dollar declines on doubts about Fed program

The US dollar hit another record low versus the euro on a general feeling that the injection of up to $200 billion into the system will not be effective in helping the economy to avoid recession by increasing the amount of money available for loans.
A European Union report showing that industrial production in the Eurozone […]

March 11, 2008

USD up versus euro, yen on Fed announcement

Story link: USD up versus euro, yen on Fed announcement

The US dollar gained on the euro and the yen after the US Federal Reserve announced that it will lend up to $200 billion in Treasuries to banks in exchange for mortgage-backed securities.
At the same time, central banks in Canada and Europe will put as much as $45 billion into their banking systems to help […]

March 10, 2008

US dollar gains on euro on Trichet comments

Story link: US dollar gains on euro on Trichet comments

The US dollar strengthened versus the euro on Monday after being at record lows last week.
The gains came after Jean-Claude Trichet, the president of the European Central Bank, expressed concern about exchange-rate volatility, which he called “excessive”, saying that the moves are not good for economic growth.
At noon in New York the dollar traded at […]

March 7, 2008

Dollar declines on job losses

Story link: Dollar declines on job losses

The US dollar declined versus the euro once again on Friday on a report that more jobs were lost in the United States in February, before gaining back some of the losses.
The Labor Department reported that 63,000 jobs were lost in February and that it had underestimated the job losses in January, raising the January […]

March 6, 2008

Bank of England, ECB both hold interest rates steady

Story link: Bank of England, ECB both hold interest rates steady

The euro touched record highs against the US dollar and the British pound on Thursday after the European Central Bank held Eurozone interest rates at 4 percent and the Bank of England’s Monetary Policy Committee kept UK interest rates at 5.25 percent.
Both actions had been anticipated by analysts.
The euro was helped by comments from ECB […]

March 5, 2008

Yen weaker as risk aversion fades

Story link: Yen weaker as risk aversion fades

The Japanese yen weakened in relation to all major currencies on Wednesday as new data showed that the US service sector made gains last month, reducing investors’ aversion to risk.
The news on the US service sector came in the form of the Institute for Supply Management’s non-manufacturing index, which was at 49.3 in February.
That reading […]

March 4, 2008

Yen, pound strengthen versus US dollar

Story link: Yen, pound strengthen versus US dollar

The US dollar weakened versus the yen on Tuesday for the sixth session in a row on increasing sentiment that the Federal Reserve will cut US interest rates by three-quarters of a percentage point this month, to 2.25 percent.
Declines for the dollar also came after Fed chairman Ben Bernanke urged banks to write down more […]

March 3, 2008

More declines for USD versus euro

Story link: More declines for USD versus euro

The US dollar hit another record low versus the euro on Monday on fears that there will be more losses for banks due to US economic declines.
After going as low as $1.5275 to the euro, the dollar traded at $1.5173 to the euro in late morning trade in New York.
A report from Goldman Sachs indicates […]


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	March 31, 2008 Pound touches new low versus euro Story link: Pound touches new low versus euro The US dollar traded close to record lows versus the euro on Monday while the pound touched a new record low versus the shared currency during the session. The pound was hurt by a report from Hometrack Ltd which showed that home prices in England and Wales were down 0.2 percent in March, to an average […] March 28, 2008 Pound declines on consumer confidence, home values Story link: Pound declines on consumer confidence, home values The pound was lower versus most major currencies on Friday on falling confidence among UK consumers and on slow growth in the value of a home there. The British currency was also hurt by expectations that the Bank of England will cut interest rates when it’s Monetary Policy Committee meets in April. Growth of the gross domestic […] March 27, 2008 Rand gains on interest rate speculation Story link: Rand gains on interest rate speculation The South African rand gained on the US dollar on Thursday on the possibility that the South African Reserve Bank will hike interest rates next month as a way to fight inflation. The speculation came after remarks from the Bank’s governor that inflation is now beginning to affect other prices besides just those for food and […] March 26, 2008 Ifo business survey, Trichet comments boost euro Story link: Ifo business survey, Trichet comments boost euro The euro was higher versus the US dollar on Wednesday on gains in business confidence in Germany in March. The Ifo business climate index was up to 104.8 from 104.1 in February against an expected decline. Also helping the euro were comments from European Central Bank president Jean-Claude Trichet, who said that interest rates should hold Eurozone […] March 25, 2008 USD down on more expected rate cuts Story link: USD down on more expected rate cuts The US dollar declined versus the euro on Tuesday on the possibility that the US Federal Reserve will cut interest rates again next month, by as much as half a percentage point. The euro gained ahead of testimony by European Central Bank president Jean-Claude Trichet before the European Parliament, due Wednesday, while the dollar was hurt […] March 20, 2008 US dollar up versus commodity-related currencies Story link: US dollar up versus commodity-related currencies The US dollar made gains against commodity-related currencies on Thursday as commodities prices continued their declines on worries that demand for commodities will decline with the weak US economy. In early afternoon trade in New York, West Texas Intermediate crude oil for May delivery was down $1.84 from Wednesday’s close to $100.70 per barrel, while April […] March 19, 2008 USD drops on fear rate cuts not enough Story link: USD drops on fear rate cuts not enough The US dollar was lower versus the euro, the yen and the Swiss franc on Wednesday after seeing gains on Tuesday after the US Federal Reserve cut interest rates by three-quarters of a percentage point to 2.25 percent. The day’s declines came on concerns that the Fed’s accumulated rate cuts over the past few months will […] March 17, 2008 Dollar declines on Fed move, discount sale of Bear Stearns Story link: Dollar declines on Fed move, discount sale of Bear Stearns The US dollar weakened Monday after a weekend during which the US Federal Reserve cut its discount rate, the rate it charges banks to borrow money, by a quarter of a percentage point to 3.25 percent at an unscheduled meeting and JPMorgan Chase (NYSE: JPM; TYO: 8634) bought the troubled Bear Stearns (NYSE: BSC) for […] March 14, 2008 US dollar continues declines Story link: US dollar continues declines The US dollar fell to another record low versus the euro on Friday when it slipped to $1.5688 to the shared currency before gaining back some losses in midday trade in New York, while the dollar also dropped to a 12-year low versus the yen and fell below parity with the Swiss franc for the […] March 13, 2008 Dollar drops below ¥100 Story link: Dollar drops below ¥100 The US dollar continued its declines on Thursday as it hit another new low versus the euro, dropped below ¥100 for the first time since 1995, and pulled nearly even versus the Swiss franc. The new declines for the greenback came after the announcement that lenders will seize the asses of a mortgage bond fund belonging […] March 12, 2008 Dollar declines on doubts about Fed program Story link: Dollar declines on doubts about Fed program The US dollar hit another record low versus the euro on a general feeling that the injection of up to $200 billion into the system will not be effective in helping the economy to avoid recession by increasing the amount of money available for loans. A European Union report showing that industrial production in the Eurozone […] March 11, 2008 USD up versus euro, yen on Fed announcement Story link: USD up versus euro, yen on Fed announcement The US dollar gained on the euro and the yen after the US Federal Reserve announced that it will lend up to $200 billion in Treasuries to banks in exchange for mortgage-backed securities. At the same time, central banks in Canada and Europe will put as much as $45 billion into their banking systems to help […] March 10, 2008 US dollar gains on euro on Trichet comments Story link: US dollar gains on euro on Trichet comments The US dollar strengthened versus the euro on Monday after being at record lows last week. The gains came after Jean-Claude Trichet, the president of the European Central Bank, expressed concern about exchange-rate volatility, which he called “excessive”, saying that the moves are not good for economic growth. At noon in New York the dollar traded at […] March 7, 2008 Dollar declines on job losses Story link: Dollar declines on job losses The US dollar declined versus the euro once again on Friday on a report that more jobs were lost in the United States in February, before gaining back some of the losses. The Labor Department reported that 63,000 jobs were lost in February and that it had underestimated the job losses in January, raising the January […] March 6, 2008 Bank of England, ECB both hold interest rates steady Story link: Bank of England, ECB both hold interest rates steady The euro touched record highs against the US dollar and the British pound on Thursday after the European Central Bank held Eurozone interest rates at 4 percent and the Bank of England’s Monetary Policy Committee kept UK interest rates at 5.25 percent. Both actions had been anticipated by analysts. The euro was helped by comments from ECB […] March 5, 2008 Yen weaker as risk aversion fades Story link: Yen weaker as risk aversion fades The Japanese yen weakened in relation to all major currencies on Wednesday as new data showed that the US service sector made gains last month, reducing investors’ aversion to risk. The news on the US service sector came in the form of the Institute for Supply Management’s non-manufacturing index, which was at 49.3 in February. That reading […] March 4, 2008 Yen, pound strengthen versus US dollar Story link: Yen, pound strengthen versus US dollar The US dollar weakened versus the yen on Tuesday for the sixth session in a row on increasing sentiment that the Federal Reserve will cut US interest rates by three-quarters of a percentage point this month, to 2.25 percent. Declines for the dollar also came after Fed chairman Ben Bernanke urged banks to write down more […] March 3, 2008 More declines for USD versus euro Story link: More declines for USD versus euro The US dollar hit another record low versus the euro on Monday on fears that there will be more losses for banks due to US economic declines. After going as low as $1.5275 to the euro, the dollar traded at $1.5173 to the euro in late morning trade in New York. A report from Goldman Sachs indicates […]
Currency News © 2005-2008 Brite Media. All rights reserved \| About \| Disclaimer \| XML Feed \| Contact

Major Currencies:

Other Currencies: