May 28, 2009

Pound weaker on retail sales data

Story link: Pound weaker on retail sales data

The pound weakened Thursday after retail sales in the UK were reported lower in May and on comments from a Bank of England official that the UK economy might not expand either this year or next.
The Confederation of British Industry reported that 17 percent of retailers surveyed said that sales fell this month, while only […]

May 26, 2009

Rand weaker on GDP decline

Story link: Rand weaker on GDP decline

The South African rand weakened Tuesday after new data showed that the global recession has arrived in South Africa after the gross domestic product there dropped by 6.4 percent on an annualized basis in the first quarter of the yea r, much more than the 3.9 percent decline that had been anticipated.
There is speculation that […]

May 20, 2009

USD weaker on declining volatility

Story link: USD weaker on declining volatility

The US dollar weakened Wednesday on the possibility that economic conditions will promote investor interest in higher-yield currencies.
Declines for the greenback came as volatility in equities and currencies markets declined, with volatility indexes in both Chicago and in Europe at their lowest levels in 8 months.
In afternoon trade in New York, the dollar traded at […]

May 19, 2009

USD weaker on possible TARP paybacks by major banks

Story link: USD weaker on possible TARP paybacks by major banks

The US dollar weakened Tuesday on the possibility that major US banks have enough cash on hand after three major banks which have received US government bailout money were reported to be seeking to pay back those funds.
Reports say that Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM) and Morgan Stanley (NYSE: MS) have all […]

May 18, 2009

Yen weakens on comments, debt-level ratings

Story link: Yen weakens on comments, debt-level ratings

The Japanese yen weakened Monday on comments from Japan’s Vice Finance Minister that “excessive” moves by the currency could be bad for the nation’s economy and on a move by Moody’s Investors service to set both Japan’s local and foreign-currency debt levels at Aa2.
At just past 11 a.m. in New York, the yen traded at […]

May 15, 2009

Euro weakens on economic contraction

Story link: Euro weakens on economic contraction

The euro weakened in relation to the US dollar and the yen after the European Union’s office of statistics released new data showing that the Eurozone’s gross domestic product fell by 2.5 percent in the first quarter, more of a decline than had been expected after the economy contracted by 1.6 percent in the fourth […]

May 13, 2009

Pound weaker on Mervyn King comments

Story link: Pound weaker on Mervyn King comments

The pound was weaker Wednesday on the Bank of England’s expectation, voiced by Bank governor Mervyn King, that the UK’s economy will not begin to expand again until sometime next year.
Additionally, the Bank expects that inflation will fall to as low as 0.4 percent this year.
In late morning trade in New York, the pound traded […]

May 12, 2009

USD weakens on trade data, demand

Story link: USD weakens on trade data, demand

The US dollar weakened Tuesday after increased risk appetite reduced demand for the greenback, while the euro strengthened on remarks from European Central Bank president Jean-Claude Trichet indicating that Bank officials believe the economy is beginning to get better.
Mr. Trichet’s comments raised the possibility that the recent cut in Eurozone interest rates could be the […]

May 6, 2009

US jobs report raises risk appetite

Story link: US jobs report raises risk appetite

The US dollar was weaker in relation to the Australian dollar Wednesday after a private report said that the US lost fewer jobs last month than had been expected, making investors more confidence in seeking out risky trades for higher-yielding currencies.
ADP Employer Services said that the US dropped 491,000 jobs in April, over 150,000 fewer […]

May 1, 2009

Yen, USD weaker, pound gains on manufacturing data

Story link: Yen, USD weaker, pound gains on manufacturing data

The Japanese yen and the US dollar both weakened Friday as investors continued to purchase higher-yielding currencies as new reports indicated that the global economy might be beginning to recover from the recession.
The Chinese Federation of Logistics and Purchasing reported that its Purchasing Manager’s Index was up to 53.5 in April, from 52.4 in March, […]


Daily World Currencies News from London		Friday 03rd of September 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	May 28, 2009 Pound weaker on retail sales data Story link: Pound weaker on retail sales data The pound weakened Thursday after retail sales in the UK were reported lower in May and on comments from a Bank of England official that the UK economy might not expand either this year or next. The Confederation of British Industry reported that 17 percent of retailers surveyed said that sales fell this month, while only […] May 26, 2009 Rand weaker on GDP decline Story link: Rand weaker on GDP decline The South African rand weakened Tuesday after new data showed that the global recession has arrived in South Africa after the gross domestic product there dropped by 6.4 percent on an annualized basis in the first quarter of the yea r, much more than the 3.9 percent decline that had been anticipated. There is speculation that […] May 20, 2009 USD weaker on declining volatility Story link: USD weaker on declining volatility The US dollar weakened Wednesday on the possibility that economic conditions will promote investor interest in higher-yield currencies. Declines for the greenback came as volatility in equities and currencies markets declined, with volatility indexes in both Chicago and in Europe at their lowest levels in 8 months. In afternoon trade in New York, the dollar traded at […] May 19, 2009 USD weaker on possible TARP paybacks by major banks Story link: USD weaker on possible TARP paybacks by major banks The US dollar weakened Tuesday on the possibility that major US banks have enough cash on hand after three major banks which have received US government bailout money were reported to be seeking to pay back those funds. Reports say that Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM) and Morgan Stanley (NYSE: MS) have all […] May 18, 2009 Yen weakens on comments, debt-level ratings Story link: Yen weakens on comments, debt-level ratings The Japanese yen weakened Monday on comments from Japan’s Vice Finance Minister that “excessive” moves by the currency could be bad for the nation’s economy and on a move by Moody’s Investors service to set both Japan’s local and foreign-currency debt levels at Aa2. At just past 11 a.m. in New York, the yen traded at […] May 15, 2009 Euro weakens on economic contraction Story link: Euro weakens on economic contraction The euro weakened in relation to the US dollar and the yen after the European Union’s office of statistics released new data showing that the Eurozone’s gross domestic product fell by 2.5 percent in the first quarter, more of a decline than had been expected after the economy contracted by 1.6 percent in the fourth […] May 13, 2009 Pound weaker on Mervyn King comments Story link: Pound weaker on Mervyn King comments The pound was weaker Wednesday on the Bank of England’s expectation, voiced by Bank governor Mervyn King, that the UK’s economy will not begin to expand again until sometime next year. Additionally, the Bank expects that inflation will fall to as low as 0.4 percent this year. In late morning trade in New York, the pound traded […] May 12, 2009 USD weakens on trade data, demand Story link: USD weakens on trade data, demand The US dollar weakened Tuesday after increased risk appetite reduced demand for the greenback, while the euro strengthened on remarks from European Central Bank president Jean-Claude Trichet indicating that Bank officials believe the economy is beginning to get better. Mr. Trichet’s comments raised the possibility that the recent cut in Eurozone interest rates could be the […] May 6, 2009 US jobs report raises risk appetite Story link: US jobs report raises risk appetite The US dollar was weaker in relation to the Australian dollar Wednesday after a private report said that the US lost fewer jobs last month than had been expected, making investors more confidence in seeking out risky trades for higher-yielding currencies. ADP Employer Services said that the US dropped 491,000 jobs in April, over 150,000 fewer […] May 1, 2009 Yen, USD weaker, pound gains on manufacturing data Story link: Yen, USD weaker, pound gains on manufacturing data The Japanese yen and the US dollar both weakened Friday as investors continued to purchase higher-yielding currencies as new reports indicated that the global economy might be beginning to recover from the recession. The Chinese Federation of Logistics and Purchasing reported that its Purchasing Manager’s Index was up to 53.5 in April, from 52.4 in March, […]
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