August 28, 2008

Euro strengthens again

The euro strengthened versus the US dollar and the pound again on Thursday as crude oil prices continued to rise on worries about where Tropical Storm Gustav will go as it strengthened again to near-hurricane force.
Gains for the euro was also helped by speculation that the rising oil prices will fuel inflation and force the […]

August 27, 2008

Euro gains on greenback, other currencies

Story link: Euro gains on greenback, other currencies

The euro saw gains in relation to the US dollar, the pound and the yen Wednesday as crude oil prices rose for the third session in a row and as comments from European Central Bank officials reduced sentiment that Eurozone interest rates will fall next year.
One official, Klaus Liebscher, warned in comments in Berlin that […]

August 26, 2008

Confidence reports lift USD over euro

Story link: Confidence reports lift USD over euro

The US dollar gained on the euro after German business confidence was down more than expected in August.
The Ifo Institute’s German business confidence index was at 94.8 in August, down from 97.5 in July.
The euro was also hurt by sentiment that the European Central Bank will cut interest rates next year and by gains […]

August 25, 2008

Yen, Swiss franc advance on credit concerns

Story link: Yen, Swiss franc advance on credit concerns

The Japanese yen and the Swiss franc were both stronger Monday on another retreat from risky carry trades, in which purchases of higher-yielding currencies are financed with lower-yielding currencies such as the yen and the franc, as concerns about losses due to the credit crisis continue.
These worries were fed by the possibility that insurer American […]

August 22, 2008

Greenback gains on euro, yen

Story link: Greenback gains on euro, yen

The US dollar saw gains against the euro and the yen Friday, helped by comments from Federal Reserve Chairman Ben Bernanke that while it remains “uncertain” just what will happen with inflation in the US, declines in commodities prices, slower economic growth, and a stable dollar will likely limit inflation.
Another aid to the greenback was […]

August 21, 2008

Yen, Swiss franc stronger on credit fears

Story link: Yen, Swiss franc stronger on credit fears

The yen and the Swiss franc both strengthened Thursday on speculation that concerns about losses related to the credit crisis will cut demand for purchases of higher-yielding currencies that are typically financed by lower-yielding currencies such as the yen and the franc.
In late morning trade in New York the yen traded at ¥161.1536 to the […]

August 20, 2008

Slowing economies hurt euro, pound

Story link: Slowing economies hurt euro, pound

The euro and the pound both weakened versus the US dollar Wednesday after both the German and UK economies showed signs of slowing further.
The German economy contracted by 0.5 percent in the second quarter of the year, the first time that has happened in four years, while in the UK the minutes of the […]

August 19, 2008

Yen gains on euro, USD, pound

Story link: Yen gains on euro, USD, pound

The yen strengthened versus the euro, the US dollar, the pound and the Australian dollar Tuesday as investors backed away from purchases of higher-yield currencies financed with the low-yielding yen, but the US dollar gained on the euro, the pound and the South African rand after wholesale prices in the US were reported to […]

August 18, 2008

USD weaker after quick rally

Story link: USD weaker after quick rally

The US dollar was weaker in relation to the yen, the Australian dollar and the New Zealand dollar Monday on concerns that the recent rally for the greenback, which has added 8.4 percent versus the euro since July, was too quick.
The declines for the dollar came ahead of separate reports on wholesale costs and housing […]

August 13, 2008

Yen stronger on flight from risk

Story link: Yen stronger on flight from risk

The Japanese yen strengthened Wednesday as demand of higher-yielding currencies declined as it looked like interest rates in places like Australia and New Zealand are set to decline after major declines in commodities prices.
Investors were also scared away from risky carry trades by new data showing that Japan could be about to enter a recession.
At […]

August 12, 2008

Pound declines on inflation, house prices

Story link: Pound declines on inflation, house prices

The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July.
RICS said that 83.9 percent more […]

August 11, 2008

Eurozone rate speculation limits losses for euro

Story link: Eurozone rate speculation limits losses for euro

The euro was only slightly lower versus the US dollar in late morning trade in New York after it was reported that an official of the European Central Bank had said the Bank is still worried about inflation.
The reports raised sentiment that the ECB will hike interest rates again this year.
The euro was worth $1.4989 […]

August 8, 2008

Euro drops 3 percent versus USD this week

Story link: Euro drops 3 percent versus USD this week

The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon.
The declines came after ECB president Jean-Claude Trichet […]

August 7, 2008

Euro weaker after ECB rate decision

Story link: Euro weaker after ECB rate decision

The euro weakened in relation to the US dollar, the yen and the Canadian dollar Thursday as the European Central Bank left Eurozone interest rates steady at 4.25 percent for the time being.
Along with the rate decision, ECB President Jean-Claude Trichet made comments indicating that economic growth in the region will likely slow in the […]

August 5, 2008

Greenback gains ahead of Fed decision

Story link: Greenback gains ahead of Fed decision

The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in today’s meeting, it will also indicate that inflation is a threat and must be held back.
In addition, while the Institute for Supply Management’s non-manufacturing index remained below 50 […]

August 4, 2008

Pound weaker on construction data

Story link: Pound weaker on construction data

The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a bigger contraction than expected in the construction sector that comprises 6 percent of the UK economy.
A report that the […]

August 1, 2008

Jobs, manufacturing data help greenback

Story link: Jobs, manufacturing data help greenback

The US dollar strengthened after the Labor Department reported that the United States economy lost only 51,000 jobs in July, fewer than the 75,000 that had been expected to be lost and although the unemployment rate jumped to 5.7 percent, its highest level in over four years.
A separate report from the Institute for Supply Management […]


Daily World Currencies News from London		Thursday 20th of November 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	August 28, 2008 Euro strengthens again Story link: Euro strengthens again The euro strengthened versus the US dollar and the pound again on Thursday as crude oil prices continued to rise on worries about where Tropical Storm Gustav will go as it strengthened again to near-hurricane force. Gains for the euro was also helped by speculation that the rising oil prices will fuel inflation and force the […] August 27, 2008 Euro gains on greenback, other currencies Story link: Euro gains on greenback, other currencies The euro saw gains in relation to the US dollar, the pound and the yen Wednesday as crude oil prices rose for the third session in a row and as comments from European Central Bank officials reduced sentiment that Eurozone interest rates will fall next year. One official, Klaus Liebscher, warned in comments in Berlin that […] August 26, 2008 Confidence reports lift USD over euro Story link: Confidence reports lift USD over euro The US dollar gained on the euro after German business confidence was down more than expected in August. The Ifo Institute’s German business confidence index was at 94.8 in August, down from 97.5 in July. The euro was also hurt by sentiment that the European Central Bank will cut interest rates next year and by gains […] August 25, 2008 Yen, Swiss franc advance on credit concerns Story link: Yen, Swiss franc advance on credit concerns The Japanese yen and the Swiss franc were both stronger Monday on another retreat from risky carry trades, in which purchases of higher-yielding currencies are financed with lower-yielding currencies such as the yen and the franc, as concerns about losses due to the credit crisis continue. These worries were fed by the possibility that insurer American […] August 22, 2008 Greenback gains on euro, yen Story link: Greenback gains on euro, yen The US dollar saw gains against the euro and the yen Friday, helped by comments from Federal Reserve Chairman Ben Bernanke that while it remains “uncertain” just what will happen with inflation in the US, declines in commodities prices, slower economic growth, and a stable dollar will likely limit inflation. Another aid to the greenback was […] August 21, 2008 Yen, Swiss franc stronger on credit fears Story link: Yen, Swiss franc stronger on credit fears The yen and the Swiss franc both strengthened Thursday on speculation that concerns about losses related to the credit crisis will cut demand for purchases of higher-yielding currencies that are typically financed by lower-yielding currencies such as the yen and the franc. In late morning trade in New York the yen traded at ¥161.1536 to the […] August 20, 2008 Slowing economies hurt euro, pound Story link: Slowing economies hurt euro, pound The euro and the pound both weakened versus the US dollar Wednesday after both the German and UK economies showed signs of slowing further. The German economy contracted by 0.5 percent in the second quarter of the year, the first time that has happened in four years, while in the UK the minutes of the […] August 19, 2008 Yen gains on euro, USD, pound Story link: Yen gains on euro, USD, pound The yen strengthened versus the euro, the US dollar, the pound and the Australian dollar Tuesday as investors backed away from purchases of higher-yield currencies financed with the low-yielding yen, but the US dollar gained on the euro, the pound and the South African rand after wholesale prices in the US were reported to […] August 18, 2008 USD weaker after quick rally Story link: USD weaker after quick rally The US dollar was weaker in relation to the yen, the Australian dollar and the New Zealand dollar Monday on concerns that the recent rally for the greenback, which has added 8.4 percent versus the euro since July, was too quick. The declines for the dollar came ahead of separate reports on wholesale costs and housing […] August 13, 2008 Yen stronger on flight from risk Story link: Yen stronger on flight from risk The Japanese yen strengthened Wednesday as demand of higher-yielding currencies declined as it looked like interest rates in places like Australia and New Zealand are set to decline after major declines in commodities prices. Investors were also scared away from risky carry trades by new data showing that Japan could be about to enter a recession. At […] August 12, 2008 Pound declines on inflation, house prices Story link: Pound declines on inflation, house prices The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July. RICS said that 83.9 percent more […] August 11, 2008 Eurozone rate speculation limits losses for euro Story link: Eurozone rate speculation limits losses for euro The euro was only slightly lower versus the US dollar in late morning trade in New York after it was reported that an official of the European Central Bank had said the Bank is still worried about inflation. The reports raised sentiment that the ECB will hike interest rates again this year. The euro was worth $1.4989 […] August 8, 2008 Euro drops 3 percent versus USD this week Story link: Euro drops 3 percent versus USD this week The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon. The declines came after ECB president Jean-Claude Trichet […] August 7, 2008 Euro weaker after ECB rate decision Story link: Euro weaker after ECB rate decision The euro weakened in relation to the US dollar, the yen and the Canadian dollar Thursday as the European Central Bank left Eurozone interest rates steady at 4.25 percent for the time being. Along with the rate decision, ECB President Jean-Claude Trichet made comments indicating that economic growth in the region will likely slow in the […] August 5, 2008 Greenback gains ahead of Fed decision Story link: Greenback gains ahead of Fed decision The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in today’s meeting, it will also indicate that inflation is a threat and must be held back. In addition, while the Institute for Supply Management’s non-manufacturing index remained below 50 […] August 4, 2008 Pound weaker on construction data Story link: Pound weaker on construction data The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a bigger contraction than expected in the construction sector that comprises 6 percent of the UK economy. A report that the […] August 1, 2008 Jobs, manufacturing data help greenback Story link: Jobs, manufacturing data help greenback The US dollar strengthened after the Labor Department reported that the United States economy lost only 51,000 jobs in July, fewer than the 75,000 that had been expected to be lost and although the unemployment rate jumped to 5.7 percent, its highest level in over four years. A separate report from the Institute for Supply Management […]
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