January 30, 2009

Slowing inflation hurts euro

Story link: Slowing inflation hurts euro

The US dollar and the Japanese yen both made gains against the euro on Friday after the shared currency was hurt by new data on inflation and unemployment.
Eurozone inflation was up just 1.1 percent in January, while the unemployment rate in the region rose to 8 percent, its highest in more than two years.
Gains for […]

January 29, 2009

US dollar drops on data

Story link: US dollar drops on data

The US dollar was lower versus the Japanese yen Thursday as the Labor Department reported that the number of people receiving unemployment benefits rose again and after the Commerce Department said that US durable goods orders were down in December.
The Labor Department said that first-time jobless claims were up to 588,000 in the week ending […]

January 28, 2009

USD, yen down but pound gains on banks news

Story link: USD, yen down but pound gains on banks news

The US dollar and the yen saw declines Wednesday on the chance that US government plans to help banks will improve economic conditions.
The plan calls for the Federal Deposit Insurance Corp to operate a co-called “bad bank” that would purchase bad assets from banks, removing them from the banks’ ledgers.
Such a move could reduce […]

January 26, 2009

Pound gains on USD, yen

Story link: Pound gains on USD, yen

The US dollar and the Japanese yen declined and the pound saw gains Monday after the euro was helped by an announcement from Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) that it will not need to raise more capital.
The UK-based bank said its acquisitions from Lehman Brothers Holdings, which went bankrupt last year, helped […]

January 23, 2009

Pound hits record low versus yen

Story link: Pound hits record low versus yen

The pound fell to a record low in relation to the Japanese yen as the yen traded at ¥118.85 to the UK currency Friday on more bad news for the UK economy.
The UK Office for National Statistics said that the gross domestic product fell 1.5 percent in the fourth quarter, more of a decline than […]

January 22, 2009

Pound, USD weaken versus yen

Story link: Pound, USD weaken versus yen

The flow of bad economic news continued to hurt the pound and the US dollar Thursday as the pound lost ground to the yen and the dollar and the dollar was weaker in relation to the yen.
The pound was hurt by a report from the Financial Services Authority which showed that home repossessions in the […]

January 21, 2009

Pound weakens on Mervyn King remarks

Story link: Pound weakens on Mervyn King remarks

The pound lost ground to the US dollar, the yen and the euro on Wednesday, although in afternoon trade in New York it got back a bit of its losses to the Japanese currency.
Losses for the pound came after Bank of England governor Mervyn King said that the Bank could start buying corporate bonds and […]

January 20, 2009

Pound weakens on news, data

Story link: Pound weakens on news, data

The pound reached an all-time low versus the yen and also weakened in relation to the US dollar and the euro Tuesday on the news that Prime Minister Gordon Brown has proposed to pump another £50 billion in to the UK banking system, including a boost in the government’s share of Royal Bank of Scotland […]

January 15, 2009

Euro lower as ECB cuts interest rates

Story link: Euro lower as ECB cuts interest rates

The euro weakened versus the US dollar and the Japanese yen Thursday after the European Central Bank cut interest rates and hinted that more cuts may be in the cards.
The ECB cut rates by half a percentage point, as expected, to 2 percent.
The shared currency gained slightly on a hint that there might be no […]

January 14, 2009

Euro weaker ahead of ECB rate meeting

Story link: Euro weaker ahead of ECB rate meeting

The US dollar and the Japanese yen both gained on the euro Wednesday as investors saw the two currencies as safe places to put their money ahead of the European Central Bank’s decision on interest rates, due Thursday.
Most bets are that the ECB will cut interest rates by half a percentage point at the meeting.
The […]

January 13, 2009

Lower trade deficit helps USD

Story link: Lower trade deficit helps USD

The US dollar gained on the euro Tuesday after the US Commerce Department reported that the US trade deficit fell to $40.4 billion in November, its lowest in five years.
The greenback was also helped by the perception that it is a safe investment as some speculated that as the first economy hurt by the recession, […]

January 12, 2009

Rate speculation, IMF statement hurt euro

Story link: Rate speculation, IMF statement hurt euro

The euro weakened against the US dollar and the Japanese yen on Monday on increased expectations that the European Central Bank will cut interest rates when it meets next.
The shared currency was also hurt by a statement from the International Monetary Fund which said that Europe has not adequately recognized the need to stimulate the […]

January 9, 2009

Jobs data helps USD

Story link: Jobs data helps USD

The US dollar strengthened in relation to the euro Friday after the Labor Department’s official jobs numbers showed that the United States economy only lost 524,000 jobs in December, fewer than expected and many fewer than a private report showed earlier in the week.
In late morning trade in New York the greenback traded at $1.3506 […]

January 8, 2009

USD declines versus yen, euro, pound

Story link: USD declines versus yen, euro, pound

The US dollar weakened Thursday ahead of the Labor Department’s jobs report for December, due Friday.
The declines also came on a separate report, also from the Labor Department, which showed that while first-time jobless claims fell to 467,000 last week, the total number of individuals receiving unemployment benefits was up to 4.6 million in the […]

January 7, 2009

Jobs report hurts greenback

Story link: Jobs report hurts greenback

The US dollar weakened in relation to the euro and the yen Wednesday after a private report said that the United States lost nearly 700,000 jobs in December.
With the official Labor Department jobs figures for December to be released Friday, the report from ADP Employer Services showed the December job losses at the highest for […]

January 6, 2009

Eurozone inflation decline weakens euro

Story link: Eurozone inflation decline weakens euro

The euro was weaker versus the US dollar Tuesday on speculation that the European Central Bank will cut interest rates more than previously expected due to declines in Eurozone inflation over the past few months.
Inflation in the Eurozone was at 1.6 percent in December, less than the 1.8 percent which had been anticipated, falling from […]

January 5, 2009

USD gains on stimulus speculation

Story link: USD gains on stimulus speculation

The US dollar gained on the euro, the yen and several other currencies on speculation that a stimulus package to be introduced by US President-elect Barack Obama will include tax cuts equaling up to 40 percent of the package and worth several hundred billion dollars.
In one version of the tax cuts being discussed, individuals would […]

January 2, 2009

Euro hurt by manufacturing news

Story link: Euro hurt by manufacturing news

The euro was weaker in relation to the US dollar and the Japanese yen Friday after a report showed that one index of European manufacturing dropped to 33.9 in December while a German manufacturing index fell to 32.7, more of a decline than had been anticipated.
However, the greenback lost some of its gains versus […]


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	January 30, 2009 Slowing inflation hurts euro Story link: Slowing inflation hurts euro The US dollar and the Japanese yen both made gains against the euro on Friday after the shared currency was hurt by new data on inflation and unemployment. Eurozone inflation was up just 1.1 percent in January, while the unemployment rate in the region rose to 8 percent, its highest in more than two years. Gains for […] January 29, 2009 US dollar drops on data Story link: US dollar drops on data The US dollar was lower versus the Japanese yen Thursday as the Labor Department reported that the number of people receiving unemployment benefits rose again and after the Commerce Department said that US durable goods orders were down in December. The Labor Department said that first-time jobless claims were up to 588,000 in the week ending […] January 28, 2009 USD, yen down but pound gains on banks news Story link: USD, yen down but pound gains on banks news The US dollar and the yen saw declines Wednesday on the chance that US government plans to help banks will improve economic conditions. The plan calls for the Federal Deposit Insurance Corp to operate a co-called “bad bank” that would purchase bad assets from banks, removing them from the banks’ ledgers. Such a move could reduce […] January 26, 2009 Pound gains on USD, yen Story link: Pound gains on USD, yen The US dollar and the Japanese yen declined and the pound saw gains Monday after the euro was helped by an announcement from Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) that it will not need to raise more capital. The UK-based bank said its acquisitions from Lehman Brothers Holdings, which went bankrupt last year, helped […] January 23, 2009 Pound hits record low versus yen Story link: Pound hits record low versus yen The pound fell to a record low in relation to the Japanese yen as the yen traded at ¥118.85 to the UK currency Friday on more bad news for the UK economy. The UK Office for National Statistics said that the gross domestic product fell 1.5 percent in the fourth quarter, more of a decline than […] January 22, 2009 Pound, USD weaken versus yen Story link: Pound, USD weaken versus yen The flow of bad economic news continued to hurt the pound and the US dollar Thursday as the pound lost ground to the yen and the dollar and the dollar was weaker in relation to the yen. The pound was hurt by a report from the Financial Services Authority which showed that home repossessions in the […] January 21, 2009 Pound weakens on Mervyn King remarks Story link: Pound weakens on Mervyn King remarks The pound lost ground to the US dollar, the yen and the euro on Wednesday, although in afternoon trade in New York it got back a bit of its losses to the Japanese currency. Losses for the pound came after Bank of England governor Mervyn King said that the Bank could start buying corporate bonds and […] January 20, 2009 Pound weakens on news, data Story link: Pound weakens on news, data The pound reached an all-time low versus the yen and also weakened in relation to the US dollar and the euro Tuesday on the news that Prime Minister Gordon Brown has proposed to pump another £50 billion in to the UK banking system, including a boost in the government’s share of Royal Bank of Scotland […] January 15, 2009 Euro lower as ECB cuts interest rates Story link: Euro lower as ECB cuts interest rates The euro weakened versus the US dollar and the Japanese yen Thursday after the European Central Bank cut interest rates and hinted that more cuts may be in the cards. The ECB cut rates by half a percentage point, as expected, to 2 percent. The shared currency gained slightly on a hint that there might be no […] January 14, 2009 Euro weaker ahead of ECB rate meeting Story link: Euro weaker ahead of ECB rate meeting The US dollar and the Japanese yen both gained on the euro Wednesday as investors saw the two currencies as safe places to put their money ahead of the European Central Bank’s decision on interest rates, due Thursday. Most bets are that the ECB will cut interest rates by half a percentage point at the meeting. The […] January 13, 2009 Lower trade deficit helps USD Story link: Lower trade deficit helps USD The US dollar gained on the euro Tuesday after the US Commerce Department reported that the US trade deficit fell to $40.4 billion in November, its lowest in five years. The greenback was also helped by the perception that it is a safe investment as some speculated that as the first economy hurt by the recession, […] January 12, 2009 Rate speculation, IMF statement hurt euro Story link: Rate speculation, IMF statement hurt euro The euro weakened against the US dollar and the Japanese yen on Monday on increased expectations that the European Central Bank will cut interest rates when it meets next. The shared currency was also hurt by a statement from the International Monetary Fund which said that Europe has not adequately recognized the need to stimulate the […] January 9, 2009 Jobs data helps USD Story link: Jobs data helps USD The US dollar strengthened in relation to the euro Friday after the Labor Department’s official jobs numbers showed that the United States economy only lost 524,000 jobs in December, fewer than expected and many fewer than a private report showed earlier in the week. In late morning trade in New York the greenback traded at $1.3506 […] January 8, 2009 USD declines versus yen, euro, pound Story link: USD declines versus yen, euro, pound The US dollar weakened Thursday ahead of the Labor Department’s jobs report for December, due Friday. The declines also came on a separate report, also from the Labor Department, which showed that while first-time jobless claims fell to 467,000 last week, the total number of individuals receiving unemployment benefits was up to 4.6 million in the […] January 7, 2009 Jobs report hurts greenback Story link: Jobs report hurts greenback The US dollar weakened in relation to the euro and the yen Wednesday after a private report said that the United States lost nearly 700,000 jobs in December. With the official Labor Department jobs figures for December to be released Friday, the report from ADP Employer Services showed the December job losses at the highest for […] January 6, 2009 Eurozone inflation decline weakens euro Story link: Eurozone inflation decline weakens euro The euro was weaker versus the US dollar Tuesday on speculation that the European Central Bank will cut interest rates more than previously expected due to declines in Eurozone inflation over the past few months. Inflation in the Eurozone was at 1.6 percent in December, less than the 1.8 percent which had been anticipated, falling from […] January 5, 2009 USD gains on stimulus speculation Story link: USD gains on stimulus speculation The US dollar gained on the euro, the yen and several other currencies on speculation that a stimulus package to be introduced by US President-elect Barack Obama will include tax cuts equaling up to 40 percent of the package and worth several hundred billion dollars. In one version of the tax cuts being discussed, individuals would […] January 2, 2009 Euro hurt by manufacturing news Story link: Euro hurt by manufacturing news The euro was weaker in relation to the US dollar and the Japanese yen Friday after a report showed that one index of European manufacturing dropped to 33.9 in December while a German manufacturing index fell to 32.7, more of a decline than had been anticipated. However, the greenback lost some of its gains versus […]
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