March 31, 2009

Yen weaker ahead of Tankan survey

Story link: Yen weaker ahead of Tankan survey

The Japanese yen was weaker Tuesday as equities markets recovered from Monday’s big declines, making investors a little more willing to seek out risky currency deals, often financed with the low-yielding yen.
Also hurting the yen’s value was anticipation of the Bank of Japan’s quarterly Tankan survey, which is expected to show that Japanese business confidence […]

March 30, 2009

USD, yen gain on GM bankruptcy worries

Story link: USD, yen gain on GM bankruptcy worries

The US dollar and the Japanese yen saw gains Monday as investors looked for safe places to put their cash as equities markets declined and on the possibility that US automaker General Motors (NYSE: GM) could face bankruptcy.
In remarks during the day, US President Barack Obama said that neither GM nor Chrysler have yet proposed […]

March 27, 2009

Pound, euro weaken on data

Story link: Pound, euro weaken on data

The pound and the euro were weaker Friday as new data indicated that the recession is deepening in Europe.
The pound continued to weaken after an unsuccessful bond auction in the UK on Wednesday as the fourth quarter gross domestic product was shown to be 1.6 percent lower in the 4th quarter from 3rd quarter levels, […]

March 26, 2009

Risk appetite hurts yen, Swiss franc

Story link: Risk appetite hurts yen, Swiss franc

The Japanese yen and the Swiss franc, both traditionally seen as safe haven currencies in times of economic and political trouble, were weaker Thursday on reduced demand as investors hoped that the worst of the global financial crisis is over and were willing to make riskier deals for higher-yielding currencies.
Additionally, the yen was hurt by […]

March 25, 2009

Norwegian krone weaker on rate cut

Story link: Norwegian krone weaker on rate cut

The Norwegian krone weakened versus the euro and the US dollar Wednesday after Norges Bank, Norway’s central bank, cut its deposit rate by half a percentage point to 2 percent.
The deposit rate is the interest earned by deposited funds.
At midday in New York, the krone traded at kr8.8132 to the euro and at kr6.5059 to […]

March 24, 2009

Yen weakens again

Story link: Yen weakens again

The yen weakened Tuesday on more risk appetite among investors based on the hope that new US initiatives to help the economy will be successful and on the possibility that Japan could show a trade deficit for another month.
By shortly after 11 a.m. in New York, the yen had taken back a bit of its […]

March 23, 2009

Yen, USD weaken on risk sentiment

Story link: Yen, USD weaken on risk sentiment

The yen and the US dollar were weaker Monday as US government initiatives to help the economy pointed toward more willingness by investors to make risky investments and as equities markets gains also helped sentiment.
The US Treasury announced a Public-Private Investment Program to buy troubled assets, using money from the Troubled Asset Relief Program (TARP) […]

March 18, 2009

Unemployment rise hurts pound

Story link: Unemployment rise hurts pound

The pound was down Wednesday after unemployment claims rose more than expected and on the news that the Bank of England voted unanimously to print more cash.
The Office of National Statistics said that unemployment claims in the UK were up by 138,400 to 1.39 million, against an expected rise of 84,800, the fastest rate of […]

March 17, 2009

Pound hurt by home prices, equities slide

Story link: Pound hurt by home prices, equities slide

The pound was weaker versus the euro and the US dollar Tuesday as equities markets were lower, as home prices in the UK were reported to have fallen yet again, and ahead of a government report expected to show that unemployment grew in February.
The Department for Communities and Local Government reported that house prices in […]

March 16, 2009

Euro, pound see gains on news

Story link: Euro, pound see gains on news

The euro and the pound both gained on the US dollar on Monday, while the greenback was also lower versus the Swedish krona and the Korean won as equities markets gained, inducing more investors to look for riskier currency trades.
The pound made its gains as Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) said it […]

March 13, 2009

Swiss currency weaker on intervention

Story link: Swiss currency weaker on intervention

The Swiss franc was weaker again Friday as the Swiss National Bank continued to intervene to weaken the currency, taking the Swiss currency to its biggest weekly decline versus the euro since 1999.
The intervention came after the franc’s value had risen enough to make Swiss products less competitive in European and US markets.
Manufacturing activity has […]

March 12, 2009

Pound weaker on BofE bond purchases

Story link: Pound weaker on BofE bond purchases

The pound weakened Thursday as some equities markets saw declines and after the Bank of England began to purchase UK government bonds in a program of quantitative easing.
Yields on bonds there have declined since the program was disclosed last week after the Bank cut UK interest rates.
In late morning trade in New York, the pound […]

March 10, 2009

Pound weaker on home sales, manufacturing reports

Story link: Pound weaker on home sales, manufacturing reports

The pound weakened against most currencies Tuesday on more bad economic news for the UK.
The Royal Institution of Chartered Surveyors reported that the average number of transactions per estate agent fell to 9.5 in the three months ending in February, the worst in the thirty years since records have been kept.
In addition, a separate report […]

March 9, 2009

Yen weaker on trade deficit

Story link: Yen weaker on trade deficit

The Japanese yen weakened Monday after the nation’s Finance Ministry said that it recorded its first trade deficit in 13 years in January.
January’s current-account deficit stood at ¥172.8 billion ($1.76 billion), the largest it has been since records began in January of 1985, as Japan imported more than it exported during the month.
A deficit was […]

March 6, 2009

Yen, USD weaker on US jobs news

Story link: Yen, USD weaker on US jobs news

The Japanese yen and the US dollar both weakened Friday after the US Labor Department reported that the US economy lost 651,000 jobs in February, fewer than were eliminated in January and about the number expected by analysts.
The US unemployment rate grew to 8.1 percent in February, from 7.6 percent in January and the highest […]

March 5, 2009

Euro, pound weaken on rate cuts

Story link: Euro, pound weaken on rate cuts

The euro and the pound were both weaker Thursday after both the European Central Bank and the Bank of England cut interest rates to historic lows.
The ECB lowered Eurozone interest rates to 1.5 percent, a cut of 0.5 percent, while the Bank of England’s Monetary Policy Committee also cut rates by half a percentage point […]

March 3, 2009

Australia interest rates on hold; yen weaker

Story link: Australia interest rates on hold; yen weaker

The yen weakened Tuesday as demand increased for higher-yielding currencies after the Reserve Bank of Australia unexpectedly left interest rates there at 3.25 percent and on gains in European and US equities markets, although he Aussie gave back some of its gains against the yen and the US dollar after Wall Street turned lower.
Japan’s currency […]

March 2, 2009

USD up on additional AIG rescue

Story link: USD up on additional AIG rescue

The US dollar gained ground on the euro and the pound Monday as the greenback was in demand as a safe place for cash after the news that insurer American International Group (NYSE: AIG) will get up to $30 billion more in US government bailout money on top of the $150 billion bailout it got […]


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	March 31, 2009 Yen weaker ahead of Tankan survey Story link: Yen weaker ahead of Tankan survey The Japanese yen was weaker Tuesday as equities markets recovered from Monday’s big declines, making investors a little more willing to seek out risky currency deals, often financed with the low-yielding yen. Also hurting the yen’s value was anticipation of the Bank of Japan’s quarterly Tankan survey, which is expected to show that Japanese business confidence […] March 30, 2009 USD, yen gain on GM bankruptcy worries Story link: USD, yen gain on GM bankruptcy worries The US dollar and the Japanese yen saw gains Monday as investors looked for safe places to put their cash as equities markets declined and on the possibility that US automaker General Motors (NYSE: GM) could face bankruptcy. In remarks during the day, US President Barack Obama said that neither GM nor Chrysler have yet proposed […] March 27, 2009 Pound, euro weaken on data Story link: Pound, euro weaken on data The pound and the euro were weaker Friday as new data indicated that the recession is deepening in Europe. The pound continued to weaken after an unsuccessful bond auction in the UK on Wednesday as the fourth quarter gross domestic product was shown to be 1.6 percent lower in the 4th quarter from 3rd quarter levels, […] March 26, 2009 Risk appetite hurts yen, Swiss franc Story link: Risk appetite hurts yen, Swiss franc The Japanese yen and the Swiss franc, both traditionally seen as safe haven currencies in times of economic and political trouble, were weaker Thursday on reduced demand as investors hoped that the worst of the global financial crisis is over and were willing to make riskier deals for higher-yielding currencies. Additionally, the yen was hurt by […] March 25, 2009 Norwegian krone weaker on rate cut Story link: Norwegian krone weaker on rate cut The Norwegian krone weakened versus the euro and the US dollar Wednesday after Norges Bank, Norway’s central bank, cut its deposit rate by half a percentage point to 2 percent. The deposit rate is the interest earned by deposited funds. At midday in New York, the krone traded at kr8.8132 to the euro and at kr6.5059 to […] March 24, 2009 Yen weakens again Story link: Yen weakens again The yen weakened Tuesday on more risk appetite among investors based on the hope that new US initiatives to help the economy will be successful and on the possibility that Japan could show a trade deficit for another month. By shortly after 11 a.m. in New York, the yen had taken back a bit of its […] March 23, 2009 Yen, USD weaken on risk sentiment Story link: Yen, USD weaken on risk sentiment The yen and the US dollar were weaker Monday as US government initiatives to help the economy pointed toward more willingness by investors to make risky investments and as equities markets gains also helped sentiment. The US Treasury announced a Public-Private Investment Program to buy troubled assets, using money from the Troubled Asset Relief Program (TARP) […] March 18, 2009 Unemployment rise hurts pound Story link: Unemployment rise hurts pound The pound was down Wednesday after unemployment claims rose more than expected and on the news that the Bank of England voted unanimously to print more cash. The Office of National Statistics said that unemployment claims in the UK were up by 138,400 to 1.39 million, against an expected rise of 84,800, the fastest rate of […] March 17, 2009 Pound hurt by home prices, equities slide Story link: Pound hurt by home prices, equities slide The pound was weaker versus the euro and the US dollar Tuesday as equities markets were lower, as home prices in the UK were reported to have fallen yet again, and ahead of a government report expected to show that unemployment grew in February. The Department for Communities and Local Government reported that house prices in […] March 16, 2009 Euro, pound see gains on news Story link: Euro, pound see gains on news The euro and the pound both gained on the US dollar on Monday, while the greenback was also lower versus the Swedish krona and the Korean won as equities markets gained, inducing more investors to look for riskier currency trades. The pound made its gains as Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) said it […] March 13, 2009 Swiss currency weaker on intervention Story link: Swiss currency weaker on intervention The Swiss franc was weaker again Friday as the Swiss National Bank continued to intervene to weaken the currency, taking the Swiss currency to its biggest weekly decline versus the euro since 1999. The intervention came after the franc’s value had risen enough to make Swiss products less competitive in European and US markets. Manufacturing activity has […] March 12, 2009 Pound weaker on BofE bond purchases Story link: Pound weaker on BofE bond purchases The pound weakened Thursday as some equities markets saw declines and after the Bank of England began to purchase UK government bonds in a program of quantitative easing. Yields on bonds there have declined since the program was disclosed last week after the Bank cut UK interest rates. In late morning trade in New York, the pound […] March 10, 2009 Pound weaker on home sales, manufacturing reports Story link: Pound weaker on home sales, manufacturing reports The pound weakened against most currencies Tuesday on more bad economic news for the UK. The Royal Institution of Chartered Surveyors reported that the average number of transactions per estate agent fell to 9.5 in the three months ending in February, the worst in the thirty years since records have been kept. In addition, a separate report […] March 9, 2009 Yen weaker on trade deficit Story link: Yen weaker on trade deficit The Japanese yen weakened Monday after the nation’s Finance Ministry said that it recorded its first trade deficit in 13 years in January. January’s current-account deficit stood at ¥172.8 billion ($1.76 billion), the largest it has been since records began in January of 1985, as Japan imported more than it exported during the month. A deficit was […] March 6, 2009 Yen, USD weaker on US jobs news Story link: Yen, USD weaker on US jobs news The Japanese yen and the US dollar both weakened Friday after the US Labor Department reported that the US economy lost 651,000 jobs in February, fewer than were eliminated in January and about the number expected by analysts. The US unemployment rate grew to 8.1 percent in February, from 7.6 percent in January and the highest […] March 5, 2009 Euro, pound weaken on rate cuts Story link: Euro, pound weaken on rate cuts The euro and the pound were both weaker Thursday after both the European Central Bank and the Bank of England cut interest rates to historic lows. The ECB lowered Eurozone interest rates to 1.5 percent, a cut of 0.5 percent, while the Bank of England’s Monetary Policy Committee also cut rates by half a percentage point […] March 3, 2009 Australia interest rates on hold; yen weaker Story link: Australia interest rates on hold; yen weaker The yen weakened Tuesday as demand increased for higher-yielding currencies after the Reserve Bank of Australia unexpectedly left interest rates there at 3.25 percent and on gains in European and US equities markets, although he Aussie gave back some of its gains against the yen and the US dollar after Wall Street turned lower. Japan’s currency […] March 2, 2009 USD up on additional AIG rescue Story link: USD up on additional AIG rescue The US dollar gained ground on the euro and the pound Monday as the greenback was in demand as a safe place for cash after the news that insurer American International Group (NYSE: AIG) will get up to $30 billion more in US government bailout money on top of the $150 billion bailout it got […]
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