September 30, 2008

Euro weaker on Dexia rescue

Story link: Euro weaker on Dexia rescue

The euro was weaker versus the US dollar and the pound on Tuesday, with declines coming on the rescue of Belgian-French bank Dexia (Euronext, DEXB, DX; LuxSE: DXB).
France and Belgium will give Dexia around $9.2 billion after its shares dropped by a record 28.5 percent on Monday.
The greenback, meanwhile, was helped by sentiment that […]

September 29, 2008

Pound, euro weaken on bailouts

Story link: Pound, euro weaken on bailouts

The pound and the euro both saw declines Monday after governments had to bail out more than one bank in order to avoid collapse.
The UK treasury took over mortgage lender Bradford & Bingley (LSE: BB), making it the second UK bank to be nationalized after Northern Rock (LSE: NRK) was taken over in February, in […]

September 26, 2008

Yen strenghtens on delays in US bailout plan

Story link: Yen strenghtens on delays in US bailout plan

The yen was stronger in relation to several currencies Friday as investors backed away from risky currency trades on the inability of US legislators to reach an agreement on a bailout plan for the US financial sector and on the failure of US savings and loan Washington Mutual (NYSE: WM).
Washington Mutual was taken over by […]

September 25, 2008

Pound gains on inflation comments

Story link: Pound gains on inflation comments

The pound gained on the US dollar, the euro and the yen Thursday after a Bank of England official said that the Bank needs to keep inflation as its main focus when deciding policy after new data showed that UK inflation was up to 4.7 percent in August.
In morning trade in New York, the pound […]

September 24, 2008

Yen weaker on Fed offer, Buffett deal with Goldman Sachs

Story link: Yen weaker on Fed offer, Buffett deal with Goldman Sachs

The Japanese yen was weaker Wednesday versus the euro and the dollar after investor interest in risky currency trades returned on a move by the US Federal Reserve to make more cash available to some central banks in order to stimulate lending and after Berkshire Hathaway (NYSE: BRK.A, BRK.B), Warren Buffett’s holding company, said […]

September 23, 2008

USD stronger after big decline

Story link: USD stronger after big decline

The US dollar gained on the euro on Tuesday in late morning trade in New York as investors decided that Monday’s 2.1 percent decline for the greenback against the shared currency was too big to hold.
The dollar’s fall Monday came on concerns that the US plan to spend up to $700 billion buying bad debts […]

September 22, 2008

USD lower on deficit concerns

Story link: USD lower on deficit concerns

The US dollar was weaker Monday on fears that the government’s plan to buy $700 in bad debt from banks will increase the nation’s already-soaring deficit.
Some forecasts have the debt ceiling reaching as high as $11.315 trillon due to the plan.
The greenback was also hurt by predictions that new data due later in the […]

September 19, 2008

USD declines against emerging market currencies

Story link: USD declines against emerging market currencies

Currency moves Friday were driven by plans and anticipation of more plans by the US to rush legislation through Congress that is designed to shore up confidence in the financial markets.
Among the plans announced was one from the US Treasury Department to use up to $50 billion from the Exchange Stabilization Fund, a fund first […]

September 18, 2008

USD down versus euro

Story link: USD down versus euro

The US dollar declined versus the euro and then yen declined on slightly increased appetite for higher-yielding currencies after the US Federal Reserve authorized other central banks to auction dollar to banks.
Also hurt by a second day of gains in oil prices and an unexpected gain in first-time jobless claims to 455,000 last week, the […]

September 17, 2008

USD weaker despite AIG bailout

Story link: USD weaker despite AIG bailout

The US dollar was weaker versus the yen and the euro Wednesday as investors continued to worry about credit markets despite a bailout for American International Group (NYSE: AIG) which has the Federal Reserve loaning the US insurer $85 billion and taking nearly 80 percent of the company’s shares in return.
The greenback was also […]

September 16, 2008

Pound weaker on King letter to Exchequer

Story link: Pound weaker on King letter to Exchequer

The pound weakened Tuesday after the Mervyn King, the governor of the Bank of England, said that inflation in the UK will peak soon and then slow down in 2009.
The remarks, which came in a letter to the Chancellor of the Exchequer explaining why the rate of inflation has exceeded government targets by more than […]

September 15, 2008

Lehman bankruptcy helps yen

Story link: Lehman bankruptcy helps yen

Moves in currencies markets were driven Monday by the bankruptcy of Lehman Brothers (NYSE: LEH), with the yen and Swiss franc benefiting as investors pulled out of risky currency investments financed with the low-yielding currencies.
Also helping the yen was more trouble for US insurer American International Group (NYSE: AIG), which unsuccessfully sought more capital […]

September 12, 2008

USD weaker on sales, producer price data

Story link: USD weaker on sales, producer price data

The US dollar weakened Friday as both retail sales and producer prices declined more than expected in August.
The Commerce Department reported that retail sales were 0.3 percent lower in August, while the Labor Department said that producer prices fell 0.9 percent during the month.
Additionally, the possibility that the Federal Reserve could cut US interest rates […]

September 11, 2008

Kiwi declines on interest rate cut

Story link: Kiwi declines on interest rate cut

The yen strengthened Thursday as investors pulled away from purchases of higher-yielding currencies while the New Zealand dollar weakened after the central bank there cut interest rates by more than had been expected.
The Reserve Bank of New Zealand cut interest rates there by half a percentage point to 7.5 percent, saying that with retail […]

September 10, 2008

Yen weaker on return to risk

Story link: Yen weaker on return to risk

The yen weakened Wednesday on a return to interest in higher-yielding currencies by investors, who were encouraged by plans announced by Lehman Brothers (NYSE: LEH) to sell part of its assets and reduce its dividend to recover credit-market losses.
In late morning trade in New York, the yen traded at ¥150.9851 to the euro, having regained […]

September 9, 2008

USD gains on euro, then gives some back

Story link: USD gains on euro, then gives some back

The US dollar was stronger versus the euro on Tuesday, but the greenback gave back some of its gains after new data showed that sales of existing homes were down in the United States in July.
Pending sales of existing homes dropped 3.2 percent in July after a rise of 5.8 percent in June, according to […]

September 8, 2008

Yen, Swiss franc lose ground

Story link: Yen, Swiss franc lose ground

The Japanese yen declined versus the US dollar, the yen, and other currencies Monday as substantial gains in equities markets encouraged investor to purchase higher-yielding currencies in deals financed by low-yielding currencies such as the yen and the Swiss franc.
The gains in global markets came on relief that the US government moved, over the weekend, […]

September 5, 2008

Yen stronger versus USD, euro

Story link: Yen stronger versus USD, euro

The Japanese yen strengthened versus the euro and the US dollar Friday on a retreat from carry trades, on a higher US unemployment rate, and on concerns that the conflict between Georgia and Russia will get worse.
In new data, the US Labor Department said that the US economy lost 84,000 jobs in August, sending the […]

September 4, 2008

ECB, BofE hold interest rates steady

Story link: ECB, BofE hold interest rates steady

The euro was weaker and the pound saw gains Thursday after the European Central Bank and the Bank of England both held interest rates steady for another month at 4.25 percent and 5 percent respectively.
The declines for the euro came after ECB president Jean-Claude Trichet characterized Eurozone economic activity as “weak” in comments accompanying the […]

September 3, 2008

Euro weaker on data

Story link: Euro weaker on data

The euro weakened versus the US dollar Wednesday after new data showed that business investment and retail sales in the Eurozone both declined in July, while the yen saw gains as investors once again backed away from risky currency trades.
According to the new numbers, business investment in the Eurozone dropped by 1.2 percent while retail […]


Daily World Currencies News from London		Friday 21st 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	September 30, 2008 Euro weaker on Dexia rescue Story link: Euro weaker on Dexia rescue The euro was weaker versus the US dollar and the pound on Tuesday, with declines coming on the rescue of Belgian-French bank Dexia (Euronext, DEXB, DX; LuxSE: DXB). France and Belgium will give Dexia around $9.2 billion after its shares dropped by a record 28.5 percent on Monday. The greenback, meanwhile, was helped by sentiment that […] September 29, 2008 Pound, euro weaken on bailouts Story link: Pound, euro weaken on bailouts The pound and the euro both saw declines Monday after governments had to bail out more than one bank in order to avoid collapse. The UK treasury took over mortgage lender Bradford & Bingley (LSE: BB), making it the second UK bank to be nationalized after Northern Rock (LSE: NRK) was taken over in February, in […] September 26, 2008 Yen strenghtens on delays in US bailout plan Story link: Yen strenghtens on delays in US bailout plan The yen was stronger in relation to several currencies Friday as investors backed away from risky currency trades on the inability of US legislators to reach an agreement on a bailout plan for the US financial sector and on the failure of US savings and loan Washington Mutual (NYSE: WM). Washington Mutual was taken over by […] September 25, 2008 Pound gains on inflation comments Story link: Pound gains on inflation comments The pound gained on the US dollar, the euro and the yen Thursday after a Bank of England official said that the Bank needs to keep inflation as its main focus when deciding policy after new data showed that UK inflation was up to 4.7 percent in August. In morning trade in New York, the pound […] September 24, 2008 Yen weaker on Fed offer, Buffett deal with Goldman Sachs Story link: Yen weaker on Fed offer, Buffett deal with Goldman Sachs The Japanese yen was weaker Wednesday versus the euro and the dollar after investor interest in risky currency trades returned on a move by the US Federal Reserve to make more cash available to some central banks in order to stimulate lending and after Berkshire Hathaway (NYSE: BRK.A, BRK.B), Warren Buffett’s holding company, said […] September 23, 2008 USD stronger after big decline Story link: USD stronger after big decline The US dollar gained on the euro on Tuesday in late morning trade in New York as investors decided that Monday’s 2.1 percent decline for the greenback against the shared currency was too big to hold. The dollar’s fall Monday came on concerns that the US plan to spend up to $700 billion buying bad debts […] September 22, 2008 USD lower on deficit concerns Story link: USD lower on deficit concerns The US dollar was weaker Monday on fears that the government’s plan to buy $700 in bad debt from banks will increase the nation’s already-soaring deficit. Some forecasts have the debt ceiling reaching as high as $11.315 trillon due to the plan. The greenback was also hurt by predictions that new data due later in the […] September 19, 2008 USD declines against emerging market currencies Story link: USD declines against emerging market currencies Currency moves Friday were driven by plans and anticipation of more plans by the US to rush legislation through Congress that is designed to shore up confidence in the financial markets. Among the plans announced was one from the US Treasury Department to use up to $50 billion from the Exchange Stabilization Fund, a fund first […] September 18, 2008 USD down versus euro Story link: USD down versus euro The US dollar declined versus the euro and then yen declined on slightly increased appetite for higher-yielding currencies after the US Federal Reserve authorized other central banks to auction dollar to banks. Also hurt by a second day of gains in oil prices and an unexpected gain in first-time jobless claims to 455,000 last week, the […] September 17, 2008 USD weaker despite AIG bailout Story link: USD weaker despite AIG bailout The US dollar was weaker versus the yen and the euro Wednesday as investors continued to worry about credit markets despite a bailout for American International Group (NYSE: AIG) which has the Federal Reserve loaning the US insurer $85 billion and taking nearly 80 percent of the company’s shares in return. The greenback was also […] September 16, 2008 Pound weaker on King letter to Exchequer Story link: Pound weaker on King letter to Exchequer The pound weakened Tuesday after the Mervyn King, the governor of the Bank of England, said that inflation in the UK will peak soon and then slow down in 2009. The remarks, which came in a letter to the Chancellor of the Exchequer explaining why the rate of inflation has exceeded government targets by more than […] September 15, 2008 Lehman bankruptcy helps yen Story link: Lehman bankruptcy helps yen Moves in currencies markets were driven Monday by the bankruptcy of Lehman Brothers (NYSE: LEH), with the yen and Swiss franc benefiting as investors pulled out of risky currency investments financed with the low-yielding currencies. Also helping the yen was more trouble for US insurer American International Group (NYSE: AIG), which unsuccessfully sought more capital […] September 12, 2008 USD weaker on sales, producer price data Story link: USD weaker on sales, producer price data The US dollar weakened Friday as both retail sales and producer prices declined more than expected in August. The Commerce Department reported that retail sales were 0.3 percent lower in August, while the Labor Department said that producer prices fell 0.9 percent during the month. Additionally, the possibility that the Federal Reserve could cut US interest rates […] September 11, 2008 Kiwi declines on interest rate cut Story link: Kiwi declines on interest rate cut The yen strengthened Thursday as investors pulled away from purchases of higher-yielding currencies while the New Zealand dollar weakened after the central bank there cut interest rates by more than had been expected. The Reserve Bank of New Zealand cut interest rates there by half a percentage point to 7.5 percent, saying that with retail […] September 10, 2008 Yen weaker on return to risk Story link: Yen weaker on return to risk The yen weakened Wednesday on a return to interest in higher-yielding currencies by investors, who were encouraged by plans announced by Lehman Brothers (NYSE: LEH) to sell part of its assets and reduce its dividend to recover credit-market losses. In late morning trade in New York, the yen traded at ¥150.9851 to the euro, having regained […] September 9, 2008 USD gains on euro, then gives some back Story link: USD gains on euro, then gives some back The US dollar was stronger versus the euro on Tuesday, but the greenback gave back some of its gains after new data showed that sales of existing homes were down in the United States in July. Pending sales of existing homes dropped 3.2 percent in July after a rise of 5.8 percent in June, according to […] September 8, 2008 Yen, Swiss franc lose ground Story link: Yen, Swiss franc lose ground The Japanese yen declined versus the US dollar, the yen, and other currencies Monday as substantial gains in equities markets encouraged investor to purchase higher-yielding currencies in deals financed by low-yielding currencies such as the yen and the Swiss franc. The gains in global markets came on relief that the US government moved, over the weekend, […] September 5, 2008 Yen stronger versus USD, euro Story link: Yen stronger versus USD, euro The Japanese yen strengthened versus the euro and the US dollar Friday on a retreat from carry trades, on a higher US unemployment rate, and on concerns that the conflict between Georgia and Russia will get worse. In new data, the US Labor Department said that the US economy lost 84,000 jobs in August, sending the […] September 4, 2008 ECB, BofE hold interest rates steady Story link: ECB, BofE hold interest rates steady The euro was weaker and the pound saw gains Thursday after the European Central Bank and the Bank of England both held interest rates steady for another month at 4.25 percent and 5 percent respectively. The declines for the euro came after ECB president Jean-Claude Trichet characterized Eurozone economic activity as “weak” in comments accompanying the […] September 3, 2008 Euro weaker on data Story link: Euro weaker on data The euro weakened versus the US dollar Wednesday after new data showed that business investment and retail sales in the Eurozone both declined in July, while the yen saw gains as investors once again backed away from risky currency trades. According to the new numbers, business investment in the Eurozone dropped by 1.2 percent while retail […] Next Page »
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