February 27, 2009

USD gains but GDP contracts

Story link: USD gains but GDP contracts

The US dollar saw gains Friday but investors worried that the recession is only deepening after the Commerce Department reported that the US gross domestic product contracted at an annualized 6.2 percent in the fourth quarter of 2008, much more than anticipated and the fastest decline since 1982, when the US economy was also […]

February 26, 2009

USD weaker on data

Story link: USD weaker on data

The US dollar saw declines Thursday on new data from the Labor Department and the Commerce department which showed unemployment up last week and durable-goods orders down for the sixth consecutive month in January.
A Commerce Department report showed that durable-goods orders to manufacturers dropped 5.2 percent in January, more of a decline than had been […]

February 24, 2009

Yen weaker on data, politics

Story link: Yen weaker on data, politics

The Japanese yen was weaker again Tuesday as economic news for the nation continues to be disappointing and as the approval rating of Prime Minister Taro Aso and his cabinet has dropped to near a record low.
The yen is in the process of losing its status as a safe investment ahead of separate reports that […]

February 23, 2009

Yen weaker on banks news

Story link: Yen weaker on banks news

The Japanese yen weakened early Monday as investors became more willing to make riskier deals on the possibility that the US government will put more money into Citigroup (NYSE: C) and after US Senate Banking Committee Chairman Christopher Dodd said Friday that some banks might have to relinquish control to the US government for “a […]

February 20, 2009

Risk aversion helps USD, yen

Story link: Risk aversion helps USD, yen

The US dollar and the yen strengthened Friday as investors were frightened away from risky investments on fears that losses in the financial sector will further harm the economy, and as equities markets declined.
The euro was hurt by substantial contraction in Europe’s manufacturing and services sectors in February at a time when some advance was […]

February 19, 2009

Euro gains on German plans to nationalize lender

Story link: Euro gains on German plans to nationalize lender

The euro strengthened Thursday after German Chancellor Angela Merkel’s cabinet approved draft legislation that would allow the German government to nationalize Hypo Real Estate Holding (FWB: HRX), the nation’s second-biggest commercial property lender, in hopes of helping the regional economy in the Eurozone.
In addition, Germany’s finance minister said that there is nothing to rumors that […]

February 18, 2009

Yen lower on new US plan

Story link: Yen lower on new US plan

The US dollar gained on the yen and the euro on Wednesday on a new plan from the administration of US President Barack Obama that is designed to slow the number of home foreclosures in the United States.
The plan, worth $75 billion, is aimed a helping millions of US homeowners to refinance loans with […]

February 12, 2009

USD, yen stronger on more recession concerns

Story link: USD, yen stronger on more recession concerns

The Japanese yen and the US dollar were stronger in early trade in New York Thursday as equities markets declined on worries that US plans to overcome the recession will not be sufficient.
The dollar was helped by a report from the Commerce Department showing that retail sales were up 1 percent in the United States […]

February 11, 2009

Yen gains as investors avoid risk

Story link: Yen gains as investors avoid risk

The Japanese yen gained on the US dollar Wednesday on doubts about the newly announced plans from the US government to bail out US banks after few details were disclosed in the announcement on Tuesday.
Fewer investors are willing to make risky currency investments after equities markets declined on Tuesday after the unveiling of the […]

February 10, 2009

USD hurt as Geithner acknowledges risk in rescue plan

Story link: USD hurt as Geithner acknowledges risk in rescue plan

The dollar was hurt by comments from US Treasury Secretary Timothy Geithner that there is risk involved in helping out the struggling US financial sector and by analyst concerns that the plan from the administration of US President Barack Obama will not be enough to save the sector.
In written remarks due to be delivered […]

February 9, 2009

USD, yen weaker ahead of US Treasury announcement

Story link: USD, yen weaker ahead of US Treasury announcement

The yen and the US dollar were weaker again ahead of an announcement, expected Tuesday from US Treasury Secretary Timothy Geithner, of a US economic recovery plan.
Hopes for a plan that will help out the US economy reduced the demand for both currencies as safe investments.
In late morning trade in New York, the yen traded […]

February 6, 2009

Yen, dollar weaken on US jobs data

Story link: Yen, dollar weaken on US jobs data

The yen and the US dollar were weaker Friday on the possibility that demand for them as a safe place for investors to put their money will decline if the United States Congress passes an economic stimulus package.
A vote on the package could come as soon as later today.
US President Barack Obama said Thursday that […]

February 5, 2009

ECB holds rates steady; BofE cuts to 1 percent

Story link: ECB holds rates steady; BofE cuts to 1 percent

The euro declined right after the European Central Bank announced that it will hold interest rates at 2 percent for the time being.
Additionally, ECB President Jean-Claude Trichet hinted that the Bank would not follow the US Federal Reserve in cutting rates to near zero, but he conceded that the Eurozone rate could go lower than […]

February 4, 2009

Euro weaker on Eastern Europe currency concerns

Story link: Euro weaker on Eastern Europe currency concerns

The euro weakened Wednesday on concerns that trouble for Eastern European currencies will hurt the shared currency.
Worries were spurred when Fitch Ratings cut Russia’s debt rating, citing declines in oil prices among other issues, and after the National Bank of the Republic of Kazakhstan devalued that nation’s currency by 18 percent.
The move by Kazakhstan’s central […]

February 3, 2009

Yen, USD lower as Aussie sees gains

Story link: Yen, USD lower as Aussie sees gains

The US dollar and the Japanese yen both declined Tuesday on new efforts by governments to help ailing economies.
The Australian dollar, meanwhile, saw gains on spending plans that will give money to low-income earners and to families there, while the government will also increase spending on infrastructure development.
On the other hand, the yen declined after […]

February 2, 2009

Pound weaker on bank debt-rating cut

Story link: Pound weaker on bank debt-rating cut

The pound weakened Monday after Moody’s Investors Service cut Barclays Bank’s (LSE: BARC; NYSE: BCS; TYO: 8642) long-term debt rating to Aa3.
Moody’s cited expectations that Barclays will incur “significant” further losses, making the cut even after the UK bank said recently that it will not need further government bailouts and that it will not have […]


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	February 27, 2009 USD gains but GDP contracts Story link: USD gains but GDP contracts The US dollar saw gains Friday but investors worried that the recession is only deepening after the Commerce Department reported that the US gross domestic product contracted at an annualized 6.2 percent in the fourth quarter of 2008, much more than anticipated and the fastest decline since 1982, when the US economy was also […] February 26, 2009 USD weaker on data Story link: USD weaker on data The US dollar saw declines Thursday on new data from the Labor Department and the Commerce department which showed unemployment up last week and durable-goods orders down for the sixth consecutive month in January. A Commerce Department report showed that durable-goods orders to manufacturers dropped 5.2 percent in January, more of a decline than had been […] February 24, 2009 Yen weaker on data, politics Story link: Yen weaker on data, politics The Japanese yen was weaker again Tuesday as economic news for the nation continues to be disappointing and as the approval rating of Prime Minister Taro Aso and his cabinet has dropped to near a record low. The yen is in the process of losing its status as a safe investment ahead of separate reports that […] February 23, 2009 Yen weaker on banks news Story link: Yen weaker on banks news The Japanese yen weakened early Monday as investors became more willing to make riskier deals on the possibility that the US government will put more money into Citigroup (NYSE: C) and after US Senate Banking Committee Chairman Christopher Dodd said Friday that some banks might have to relinquish control to the US government for “a […] February 20, 2009 Risk aversion helps USD, yen Story link: Risk aversion helps USD, yen The US dollar and the yen strengthened Friday as investors were frightened away from risky investments on fears that losses in the financial sector will further harm the economy, and as equities markets declined. The euro was hurt by substantial contraction in Europe’s manufacturing and services sectors in February at a time when some advance was […] February 19, 2009 Euro gains on German plans to nationalize lender Story link: Euro gains on German plans to nationalize lender The euro strengthened Thursday after German Chancellor Angela Merkel’s cabinet approved draft legislation that would allow the German government to nationalize Hypo Real Estate Holding (FWB: HRX), the nation’s second-biggest commercial property lender, in hopes of helping the regional economy in the Eurozone. In addition, Germany’s finance minister said that there is nothing to rumors that […] February 18, 2009 Yen lower on new US plan Story link: Yen lower on new US plan The US dollar gained on the yen and the euro on Wednesday on a new plan from the administration of US President Barack Obama that is designed to slow the number of home foreclosures in the United States. The plan, worth $75 billion, is aimed a helping millions of US homeowners to refinance loans with […] February 12, 2009 USD, yen stronger on more recession concerns Story link: USD, yen stronger on more recession concerns The Japanese yen and the US dollar were stronger in early trade in New York Thursday as equities markets declined on worries that US plans to overcome the recession will not be sufficient. The dollar was helped by a report from the Commerce Department showing that retail sales were up 1 percent in the United States […] February 11, 2009 Yen gains as investors avoid risk Story link: Yen gains as investors avoid risk The Japanese yen gained on the US dollar Wednesday on doubts about the newly announced plans from the US government to bail out US banks after few details were disclosed in the announcement on Tuesday. Fewer investors are willing to make risky currency investments after equities markets declined on Tuesday after the unveiling of the […] February 10, 2009 USD hurt as Geithner acknowledges risk in rescue plan Story link: USD hurt as Geithner acknowledges risk in rescue plan The dollar was hurt by comments from US Treasury Secretary Timothy Geithner that there is risk involved in helping out the struggling US financial sector and by analyst concerns that the plan from the administration of US President Barack Obama will not be enough to save the sector. In written remarks due to be delivered […] February 9, 2009 USD, yen weaker ahead of US Treasury announcement Story link: USD, yen weaker ahead of US Treasury announcement The yen and the US dollar were weaker again ahead of an announcement, expected Tuesday from US Treasury Secretary Timothy Geithner, of a US economic recovery plan. Hopes for a plan that will help out the US economy reduced the demand for both currencies as safe investments. In late morning trade in New York, the yen traded […] February 6, 2009 Yen, dollar weaken on US jobs data Story link: Yen, dollar weaken on US jobs data The yen and the US dollar were weaker Friday on the possibility that demand for them as a safe place for investors to put their money will decline if the United States Congress passes an economic stimulus package. A vote on the package could come as soon as later today. US President Barack Obama said Thursday that […] February 5, 2009 ECB holds rates steady; BofE cuts to 1 percent Story link: ECB holds rates steady; BofE cuts to 1 percent The euro declined right after the European Central Bank announced that it will hold interest rates at 2 percent for the time being. Additionally, ECB President Jean-Claude Trichet hinted that the Bank would not follow the US Federal Reserve in cutting rates to near zero, but he conceded that the Eurozone rate could go lower than […] February 4, 2009 Euro weaker on Eastern Europe currency concerns Story link: Euro weaker on Eastern Europe currency concerns The euro weakened Wednesday on concerns that trouble for Eastern European currencies will hurt the shared currency. Worries were spurred when Fitch Ratings cut Russia’s debt rating, citing declines in oil prices among other issues, and after the National Bank of the Republic of Kazakhstan devalued that nation’s currency by 18 percent. The move by Kazakhstan’s central […] February 3, 2009 Yen, USD lower as Aussie sees gains Story link: Yen, USD lower as Aussie sees gains The US dollar and the Japanese yen both declined Tuesday on new efforts by governments to help ailing economies. The Australian dollar, meanwhile, saw gains on spending plans that will give money to low-income earners and to families there, while the government will also increase spending on infrastructure development. On the other hand, the yen declined after […] February 2, 2009 Pound weaker on bank debt-rating cut Story link: Pound weaker on bank debt-rating cut The pound weakened Monday after Moody’s Investors Service cut Barclays Bank’s (LSE: BARC; NYSE: BCS; TYO: 8642) long-term debt rating to Aa3. Moody’s cited expectations that Barclays will incur “significant” further losses, making the cut even after the UK bank said recently that it will not need further government bailouts and that it will not have […]
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