April 30, 2009

Yen weaker on risk demand

Story link: Yen weaker on risk demand

The Japanese yen weakened after better than expected quarterly reports from many companies sent investors looking to buy higher-yielding currencies, as well as on sentiment that the swine flu outbreak won’t have much effect on the global economy.
At just past 11 a.m. in New York, the yen traded at ¥130.4679 to the euro, at […]

April 29, 2009

USD weaker on signs worst of recession is past

Story link: USD weaker on signs worst of recession is past

The yen and the US dollar both weakened Wednesday on the possibility that the global recession may have bottomed out.
Evidence pointing toward a slight easing of the recession came in the form of a report from the US Commerce Department showing that the US gross domestic product dropped at a 6.1 percent annualized rate in […]

April 27, 2009

Flu worries hurt peso

Story link: Flu worries hurt peso

The Mexican peso was hurt by the spreading swine flu outbreak there on concerns that the economy will be hurt by fewer tourists and less consumer spending as those concerned about contracting the disease stay home.
It is feared that reduced tourism will hurt the economy, which depends on tourist dollars as its third most […]

April 23, 2009

Euro stronger, USD weaker on data

Story link: Euro stronger, USD weaker on data

The euro strengthened Thursday after a survey put the Markit index of Eurozone manufacturers and services at 40.5 in April, up from 38.3 in March.
While any reading below 50 means a contraction, the new data shows that contraction among the manufacturers and services in the region has slowed down from earlier surveys.
The yen was hurt […]

April 22, 2009

Pound weaker on data, remarks

Story link: Pound weaker on data, remarks

The pound weakened Wednesday after Chancellor of the Exchequer Alistar Darling told Parliament that the UK economy will contract by 3.5 percent this year.
Mr. Darling also told Parliament that the Debt Management Office will raise £220 billion through the sale of gilts by March of next year.
Also hurting the UK currency was a report from […]

April 21, 2009

Euro, pound strengthen on new reports

Story link: Euro, pound strengthen on new reports

The euro strengthened Tuesday after a new ZEW survey showed that German investor confidence returned to positive territory in April, coming in at 13, up from minus 3.5 in March.
The pound was also up after positive reports on sales and revenues from the UK retail sector as food retailer Tesco (LSE: TSCO) said that sales […]

April 20, 2009

Euro weakens on rate controversy

Story link: Euro weakens on rate controversy

The euro was weaker Monday on perceived disagreements among officials of the European Central Bank concerning how low Eurozone interest rates might fall.
Meanwhile, the Australian and New Zealand dollars were lower as investors looked to the US dollar and the yen as safe investments, at least partly on concerns surrounding the apparent disagreement among ECB […]

April 15, 2009

Pound advances on house prices report

Story link: Pound advances on house prices report

The pound saw gains Wednesday as the Royal Institution of Chartered Surveyors reported that fewer real estate agents said in March that house prices were down than reported lower prices in February.
That new report built on news from the Bank of England at the end of last month that mortgage approvals were up in […]

April 14, 2009

Yen stronger on US sales, German prices

Story link: Yen stronger on US sales, German prices

The yen gained on the US dollar and the euro Tuesday on a report that retail sales declined in the US in March and ahead of a report due Wednesday which is expected to show that German wholesale prices were down 7.1 percent in March from the year before after having fallen 5.7 percent in […]

April 9, 2009

Yen weakens as equities gain

Story link: Yen weakens as equities gain

The Japanese yen weakened Thursday as equities markets made gains, encouraging investors to pursue risky currencies trades, many of which are financed by the low-yielding yen.
In late morning trade in New York the yen traded at ¥132.4119 to the euro, at ¥100.355 to the US dollar, at ¥15.0838 to the Norwegian krone, at ¥71.76 to […]

April 8, 2009

Yen strengthens on risk avoidance

Story link: Yen strengthens on risk avoidance

The Japanese yen strengthened Wednesday on a flight from risk after the first of the quarterly reports from corporations were disappointing and on new data from Europe, but expectations that Japan will report another drop in machinery orders tomorrow could limit the currency’s gains.
At just past 11 a.m. in New York the yen traded […]

April 6, 2009

Yen declines on hopes for economy

Story link: Yen declines on hopes for economy

The yen was lower Monday as improved sentiment on hopes that the worst of the economic crisis could be over sent investors looking for more risk, although by late morning trade in New York, the Japanese currency had gained back some of its earlier losses.
At around 11:30 a.m. in New York, the yen traded at […]

April 2, 2009

Euro gains after ECB action

Story link: Euro gains after ECB action

The euro gained value Thursday after the European Central Bank cut interest rates by a quarter of a percentage point to 1.25 percent, less than the half a percentage point decline expected by most analysts.
At around 11:30 a.m. in New York, it took $1.345 to buy a euro while the yen traded at ¥133.887 to […]


Daily World Currencies News from London		Saturday 13th 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	April 30, 2009 Yen weaker on risk demand Story link: Yen weaker on risk demand The Japanese yen weakened after better than expected quarterly reports from many companies sent investors looking to buy higher-yielding currencies, as well as on sentiment that the swine flu outbreak won’t have much effect on the global economy. At just past 11 a.m. in New York, the yen traded at ¥130.4679 to the euro, at […] April 29, 2009 USD weaker on signs worst of recession is past Story link: USD weaker on signs worst of recession is past The yen and the US dollar both weakened Wednesday on the possibility that the global recession may have bottomed out. Evidence pointing toward a slight easing of the recession came in the form of a report from the US Commerce Department showing that the US gross domestic product dropped at a 6.1 percent annualized rate in […] April 27, 2009 Flu worries hurt peso Story link: Flu worries hurt peso The Mexican peso was hurt by the spreading swine flu outbreak there on concerns that the economy will be hurt by fewer tourists and less consumer spending as those concerned about contracting the disease stay home. It is feared that reduced tourism will hurt the economy, which depends on tourist dollars as its third most […] April 23, 2009 Euro stronger, USD weaker on data Story link: Euro stronger, USD weaker on data The euro strengthened Thursday after a survey put the Markit index of Eurozone manufacturers and services at 40.5 in April, up from 38.3 in March. While any reading below 50 means a contraction, the new data shows that contraction among the manufacturers and services in the region has slowed down from earlier surveys. The yen was hurt […] April 22, 2009 Pound weaker on data, remarks Story link: Pound weaker on data, remarks The pound weakened Wednesday after Chancellor of the Exchequer Alistar Darling told Parliament that the UK economy will contract by 3.5 percent this year. Mr. Darling also told Parliament that the Debt Management Office will raise £220 billion through the sale of gilts by March of next year. Also hurting the UK currency was a report from […] April 21, 2009 Euro, pound strengthen on new reports Story link: Euro, pound strengthen on new reports The euro strengthened Tuesday after a new ZEW survey showed that German investor confidence returned to positive territory in April, coming in at 13, up from minus 3.5 in March. The pound was also up after positive reports on sales and revenues from the UK retail sector as food retailer Tesco (LSE: TSCO) said that sales […] April 20, 2009 Euro weakens on rate controversy Story link: Euro weakens on rate controversy The euro was weaker Monday on perceived disagreements among officials of the European Central Bank concerning how low Eurozone interest rates might fall. Meanwhile, the Australian and New Zealand dollars were lower as investors looked to the US dollar and the yen as safe investments, at least partly on concerns surrounding the apparent disagreement among ECB […] April 15, 2009 Pound advances on house prices report Story link: Pound advances on house prices report The pound saw gains Wednesday as the Royal Institution of Chartered Surveyors reported that fewer real estate agents said in March that house prices were down than reported lower prices in February. That new report built on news from the Bank of England at the end of last month that mortgage approvals were up in […] April 14, 2009 Yen stronger on US sales, German prices Story link: Yen stronger on US sales, German prices The yen gained on the US dollar and the euro Tuesday on a report that retail sales declined in the US in March and ahead of a report due Wednesday which is expected to show that German wholesale prices were down 7.1 percent in March from the year before after having fallen 5.7 percent in […] April 9, 2009 Yen weakens as equities gain Story link: Yen weakens as equities gain The Japanese yen weakened Thursday as equities markets made gains, encouraging investors to pursue risky currencies trades, many of which are financed by the low-yielding yen. In late morning trade in New York the yen traded at ¥132.4119 to the euro, at ¥100.355 to the US dollar, at ¥15.0838 to the Norwegian krone, at ¥71.76 to […] April 8, 2009 Yen strengthens on risk avoidance Story link: Yen strengthens on risk avoidance The Japanese yen strengthened Wednesday on a flight from risk after the first of the quarterly reports from corporations were disappointing and on new data from Europe, but expectations that Japan will report another drop in machinery orders tomorrow could limit the currency’s gains. At just past 11 a.m. in New York the yen traded […] April 6, 2009 Yen declines on hopes for economy Story link: Yen declines on hopes for economy The yen was lower Monday as improved sentiment on hopes that the worst of the economic crisis could be over sent investors looking for more risk, although by late morning trade in New York, the Japanese currency had gained back some of its earlier losses. At around 11:30 a.m. in New York, the yen traded at […] April 2, 2009 Euro gains after ECB action Story link: Euro gains after ECB action The euro gained value Thursday after the European Central Bank cut interest rates by a quarter of a percentage point to 1.25 percent, less than the half a percentage point decline expected by most analysts. At around 11:30 a.m. in New York, it took $1.345 to buy a euro while the yen traded at ¥133.887 to […]
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