July 31, 2008

USD declines on GDP, jobless filings

Story link: USD declines on GDP, jobless filings

The US dollar declined in relation to the euro and the pound Thursday after a smaller than expected gain in the Gross Domestic Product and as first-time jobless claims rose last week.
The GDP added 1.9 percent in the second quarter, according to the Commerce Department, against an expected gain of 2.3 percent, while the Labor […]

July 30, 2008

Jobs report helps greenback

Story link: Jobs report helps greenback

The US dollar strengthened again Wednesday after a private report showed that 9,000 new jobs were added in the United States in July, ahead of the official Labor Department report on jobs, which is due Friday.
The greenback was also helped by more declines in oil prices.
At around 11 a.m in New York, the dollar traded […]

July 29, 2008

USD strengthens on oil prices, consumer confidence

Story link: USD strengthens on oil prices, consumer confidence

The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines.
The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July.
Meanwhile, the yen was hurt by gains in the unemployment rate […]

July 28, 2008

Dollar weaker on credit comments by Fed official

Story link: Dollar weaker on credit comments by Fed official

The US dollar weakened in relation to the euro and the yen Monday after comments from the president of the Minneapolis Fed in which he said that US credit problems are likely to get worse, and on speculation that house prices were down again when a new report on May’s numbers is released tomorrow.
A private […]

July 24, 2008

Euro, pound weaker on data

Story link: Euro, pound weaker on data

The euro and the pound were both weaker Thursday after German business confidence and UK retail sales were both reported lower.
The Ifo Institute reported that business confidence in Germany was at 97.5 on its business climate index in July, down from 101.2 in June, the biggest drop since September 2001, making it less likely that […]

July 16, 2008

USD gains on lower oil prices

Story link: USD gains on lower oil prices

The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities markets higher.
A quarterly report from Wells Fargo (NYSE: WFC) that saw quarterly profits better than expected also helped the greenback’s […]

July 15, 2008

USD weaker on Bernanke comments

Story link: USD weaker on Bernanke comments

The US dollar was weaker Tuesday against most major currencies after Federal Reserve chairman Ben Bernanke told the US Senate Banking Committee that risks have increased in relation to both growth and inflation.
Also affecting the dollar were separate reports from the Commerce Department and the Labor Department showing that retail sales gained just 0.1 percent […]

July 14, 2008

USD up on government help for Fannie, Freddie

Story link: USD up on government help for Fannie, Freddie

The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both […]

July 11, 2008

Lender worries hurt USD

Story link: Lender worries hurt USD

Worries about the fate of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the two biggest mortgage lenders in the United States, reverberated through currency markets on Friday as investors failed to be moved by statements from US Treasury Secretary Henry Paulson an US President George W. Bush that the government is working […]

July 10, 2008

USD gains on pound, weakens versus euro

Story link: USD gains on pound, weakens versus euro

The US dollar weakened in relation to the euro on Thursday after seeing earlier gains against the shared currency on data showing that industrial production was down in both France and Italy in May.
The declines for the greenback came on fears of more losses in the financial sector on mixed signals about the health of […]

July 9, 2008

Dollar declines after Iran missile test

Story link: Dollar declines after Iran missile test

The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week.
The test, which took place during war games at the mouth of the strategic Strait of […]

July 8, 2008

Yen stronger on retreat from risk

Story link: Yen stronger on retreat from risk

The Japanese yen strengthened Tuesday as equities markets declined, reducing investor interest in risky investments such as carry trades financed with low-yielding currencies such as the yen.
The retreat from carry trades weakened currencies with high yields, such as the Australian and New Zealand dollars, but the yen also gained on the US dollar and […]

July 7, 2008

USD stronger on lower oil prices as G8 summit begins

Story link: USD stronger on lower oil prices as G8 summit begins

The US dollar strengthened in relation to the euro Monday as the Group of Eight summit began as guesses circulated that the US will use the meeting to try to find a way to stop the rise in crude oil prices, which were lower during the session on comments from Iran’s foreign minister but still […]

July 3, 2008

Euro weaker after rate increase

Story link: Euro weaker after rate increase

The euro weakened Thursday after the European Central Bank raised Eurozone interest rates to 4.25 percent, a gain of a quarter of a percentage point to, to try to bring inflation in check in the region.
However, in comments issued with the announcement, ECB president Jean-Claude Trichet hinted that this might be the last rate hike […]

July 2, 2008

Jobs data hurts USD

Story link: Jobs data hurts USD

The US dollar saw declines after a private report showed more job losses in the US in June.
A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Department’s employment report for the month.
The greenback was also hurt by predictions that […]

July 1, 2008

Yen, Swiss franc gain on economy concerns

Story link: Yen, Swiss franc gain on economy concerns

The yen and Swiss franc both made gains on Tuesday while the Australia and New Zealand dollars declined on the session.
Both the Japanese and Swiss currencies were up on declines in equities markets and on concerns that demand for high-yielding currencies such as the Australia and New Zealand dollars is dropping as economic growth slows […]


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	July 31, 2008 USD declines on GDP, jobless filings Story link: USD declines on GDP, jobless filings The US dollar declined in relation to the euro and the pound Thursday after a smaller than expected gain in the Gross Domestic Product and as first-time jobless claims rose last week. The GDP added 1.9 percent in the second quarter, according to the Commerce Department, against an expected gain of 2.3 percent, while the Labor […] July 30, 2008 Jobs report helps greenback Story link: Jobs report helps greenback The US dollar strengthened again Wednesday after a private report showed that 9,000 new jobs were added in the United States in July, ahead of the official Labor Department report on jobs, which is due Friday. The greenback was also helped by more declines in oil prices. At around 11 a.m in New York, the dollar traded […] July 29, 2008 USD strengthens on oil prices, consumer confidence Story link: USD strengthens on oil prices, consumer confidence The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines. The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July. Meanwhile, the yen was hurt by gains in the unemployment rate […] July 28, 2008 Dollar weaker on credit comments by Fed official Story link: Dollar weaker on credit comments by Fed official The US dollar weakened in relation to the euro and the yen Monday after comments from the president of the Minneapolis Fed in which he said that US credit problems are likely to get worse, and on speculation that house prices were down again when a new report on May’s numbers is released tomorrow. A private […] July 24, 2008 Euro, pound weaker on data Story link: Euro, pound weaker on data The euro and the pound were both weaker Thursday after German business confidence and UK retail sales were both reported lower. The Ifo Institute reported that business confidence in Germany was at 97.5 on its business climate index in July, down from 101.2 in June, the biggest drop since September 2001, making it less likely that […] July 16, 2008 USD gains on lower oil prices Story link: USD gains on lower oil prices The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities markets higher. A quarterly report from Wells Fargo (NYSE: WFC) that saw quarterly profits better than expected also helped the greenback’s […] July 15, 2008 USD weaker on Bernanke comments Story link: USD weaker on Bernanke comments The US dollar was weaker Tuesday against most major currencies after Federal Reserve chairman Ben Bernanke told the US Senate Banking Committee that risks have increased in relation to both growth and inflation. Also affecting the dollar were separate reports from the Commerce Department and the Labor Department showing that retail sales gained just 0.1 percent […] July 14, 2008 USD up on government help for Fannie, Freddie Story link: USD up on government help for Fannie, Freddie The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both […] July 11, 2008 Lender worries hurt USD Story link: Lender worries hurt USD Worries about the fate of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the two biggest mortgage lenders in the United States, reverberated through currency markets on Friday as investors failed to be moved by statements from US Treasury Secretary Henry Paulson an US President George W. Bush that the government is working […] July 10, 2008 USD gains on pound, weakens versus euro Story link: USD gains on pound, weakens versus euro The US dollar weakened in relation to the euro on Thursday after seeing earlier gains against the shared currency on data showing that industrial production was down in both France and Italy in May. The declines for the greenback came on fears of more losses in the financial sector on mixed signals about the health of […] July 9, 2008 Dollar declines after Iran missile test Story link: Dollar declines after Iran missile test The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week. The test, which took place during war games at the mouth of the strategic Strait of […] July 8, 2008 Yen stronger on retreat from risk Story link: Yen stronger on retreat from risk The Japanese yen strengthened Tuesday as equities markets declined, reducing investor interest in risky investments such as carry trades financed with low-yielding currencies such as the yen. The retreat from carry trades weakened currencies with high yields, such as the Australian and New Zealand dollars, but the yen also gained on the US dollar and […] July 7, 2008 USD stronger on lower oil prices as G8 summit begins Story link: USD stronger on lower oil prices as G8 summit begins The US dollar strengthened in relation to the euro Monday as the Group of Eight summit began as guesses circulated that the US will use the meeting to try to find a way to stop the rise in crude oil prices, which were lower during the session on comments from Iran’s foreign minister but still […] July 3, 2008 Euro weaker after rate increase Story link: Euro weaker after rate increase The euro weakened Thursday after the European Central Bank raised Eurozone interest rates to 4.25 percent, a gain of a quarter of a percentage point to, to try to bring inflation in check in the region. However, in comments issued with the announcement, ECB president Jean-Claude Trichet hinted that this might be the last rate hike […] July 2, 2008 Jobs data hurts USD Story link: Jobs data hurts USD The US dollar saw declines after a private report showed more job losses in the US in June. A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Department’s employment report for the month. The greenback was also hurt by predictions that […] July 1, 2008 Yen, Swiss franc gain on economy concerns Story link: Yen, Swiss franc gain on economy concerns The yen and Swiss franc both made gains on Tuesday while the Australia and New Zealand dollars declined on the session. Both the Japanese and Swiss currencies were up on declines in equities markets and on concerns that demand for high-yielding currencies such as the Australia and New Zealand dollars is dropping as economic growth slows […]
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