September 2, 2008

US dollar up on lower oil prices

Story link: US dollar up on lower oil prices

The US dollar strengthened Tuesday as crude oil prices fell significantly after Hurricane Gustav weakened and did not do as much damage as had been feared to oil facilities in the Gulf of Mexico and along the US Gulf Coast and on speculation that the US economy could do better than economies in Europe and […]

August 28, 2008

Euro strengthens again

Story link: Euro strengthens again

The euro strengthened versus the US dollar and the pound again on Thursday as crude oil prices continued to rise on worries about where Tropical Storm Gustav will go as it strengthened again to near-hurricane force.
Gains for the euro was also helped by speculation that the rising oil prices will fuel inflation and force the […]

August 26, 2008

Confidence reports lift USD over euro

Story link: Confidence reports lift USD over euro

The US dollar gained on the euro after German business confidence was down more than expected in August.
The Ifo Institute’s German business confidence index was at 94.8 in August, down from 97.5 in July.
The euro was also hurt by sentiment that the European Central Bank will cut interest rates next year and by gains […]

August 25, 2008

Yen, Swiss franc advance on credit concerns

Story link: Yen, Swiss franc advance on credit concerns

The Japanese yen and the Swiss franc were both stronger Monday on another retreat from risky carry trades, in which purchases of higher-yielding currencies are financed with lower-yielding currencies such as the yen and the franc, as concerns about losses due to the credit crisis continue.
These worries were fed by the possibility that insurer American […]

August 21, 2008

Yen, Swiss franc stronger on credit fears

Story link: Yen, Swiss franc stronger on credit fears

The yen and the Swiss franc both strengthened Thursday on speculation that concerns about losses related to the credit crisis will cut demand for purchases of higher-yielding currencies that are typically financed by lower-yielding currencies such as the yen and the franc.
In late morning trade in New York the yen traded at ¥161.1536 to the […]

August 19, 2008

Yen gains on euro, USD, pound

Story link: Yen gains on euro, USD, pound

The yen strengthened versus the euro, the US dollar, the pound and the Australian dollar Tuesday as investors backed away from purchases of higher-yield currencies financed with the low-yielding yen, but the US dollar gained on the euro, the pound and the South African rand after wholesale prices in the US were reported to […]

August 18, 2008

USD weaker after quick rally

Story link: USD weaker after quick rally

The US dollar was weaker in relation to the yen, the Australian dollar and the New Zealand dollar Monday on concerns that the recent rally for the greenback, which has added 8.4 percent versus the euro since July, was too quick.
The declines for the dollar came ahead of separate reports on wholesale costs and housing […]

August 13, 2008

Yen stronger on flight from risk

Story link: Yen stronger on flight from risk

The Japanese yen strengthened Wednesday as demand of higher-yielding currencies declined as it looked like interest rates in places like Australia and New Zealand are set to decline after major declines in commodities prices.
Investors were also scared away from risky carry trades by new data showing that Japan could be about to enter a recession.
At […]

August 12, 2008

Pound declines on inflation, house prices

Story link: Pound declines on inflation, house prices

The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July.
RICS said that 83.9 percent more […]

August 8, 2008

Euro drops 3 percent versus USD this week

Story link: Euro drops 3 percent versus USD this week

The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon.
The declines came after ECB president Jean-Claude Trichet […]

August 5, 2008

Greenback gains ahead of Fed decision

Story link: Greenback gains ahead of Fed decision

The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in today’s meeting, it will also indicate that inflation is a threat and must be held back.
In addition, while the Institute for Supply Management’s non-manufacturing index remained below 50 […]

August 4, 2008

Pound weaker on construction data

Story link: Pound weaker on construction data

The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a bigger contraction than expected in the construction sector that comprises 6 percent of the UK economy.
A report that the […]

August 1, 2008

Jobs, manufacturing data help greenback

Story link: Jobs, manufacturing data help greenback

The US dollar strengthened after the Labor Department reported that the United States economy lost only 51,000 jobs in July, fewer than the 75,000 that had been expected to be lost and although the unemployment rate jumped to 5.7 percent, its highest level in over four years.
A separate report from the Institute for Supply Management […]

July 30, 2008

Jobs report helps greenback

Story link: Jobs report helps greenback

The US dollar strengthened again Wednesday after a private report showed that 9,000 new jobs were added in the United States in July, ahead of the official Labor Department report on jobs, which is due Friday.
The greenback was also helped by more declines in oil prices.
At around 11 a.m in New York, the dollar traded […]

July 29, 2008

USD strengthens on oil prices, consumer confidence

Story link: USD strengthens on oil prices, consumer confidence

The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines.
The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July.
Meanwhile, the yen was hurt by gains in the unemployment rate […]

July 24, 2008

Euro, pound weaker on data

Story link: Euro, pound weaker on data

The euro and the pound were both weaker Thursday after German business confidence and UK retail sales were both reported lower.
The Ifo Institute reported that business confidence in Germany was at 97.5 on its business climate index in July, down from 101.2 in June, the biggest drop since September 2001, making it less likely that […]

July 16, 2008

USD gains on lower oil prices

Story link: USD gains on lower oil prices

The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities markets higher.
A quarterly report from Wells Fargo (NYSE: WFC) that saw quarterly profits better than expected also helped the greenback’s […]

July 14, 2008

USD up on government help for Fannie, Freddie

Story link: USD up on government help for Fannie, Freddie

The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both […]

July 11, 2008

Lender worries hurt USD

Story link: Lender worries hurt USD

Worries about the fate of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the two biggest mortgage lenders in the United States, reverberated through currency markets on Friday as investors failed to be moved by statements from US Treasury Secretary Henry Paulson an US President George W. Bush that the government is working […]

July 8, 2008

Yen stronger on retreat from risk

Story link: Yen stronger on retreat from risk

The Japanese yen strengthened Tuesday as equities markets declined, reducing investor interest in risky investments such as carry trades financed with low-yielding currencies such as the yen.
The retreat from carry trades weakened currencies with high yields, such as the Australian and New Zealand dollars, but the yen also gained on the US dollar and […]

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Daily World Currencies News from London		Sunday 12th of October 2008
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	September 2, 2008 US dollar up on lower oil prices Story link: US dollar up on lower oil prices The US dollar strengthened Tuesday as crude oil prices fell significantly after Hurricane Gustav weakened and did not do as much damage as had been feared to oil facilities in the Gulf of Mexico and along the US Gulf Coast and on speculation that the US economy could do better than economies in Europe and […] August 28, 2008 Euro strengthens again Story link: Euro strengthens again The euro strengthened versus the US dollar and the pound again on Thursday as crude oil prices continued to rise on worries about where Tropical Storm Gustav will go as it strengthened again to near-hurricane force. Gains for the euro was also helped by speculation that the rising oil prices will fuel inflation and force the […] August 26, 2008 Confidence reports lift USD over euro Story link: Confidence reports lift USD over euro The US dollar gained on the euro after German business confidence was down more than expected in August. The Ifo Institute’s German business confidence index was at 94.8 in August, down from 97.5 in July. The euro was also hurt by sentiment that the European Central Bank will cut interest rates next year and by gains […] August 25, 2008 Yen, Swiss franc advance on credit concerns Story link: Yen, Swiss franc advance on credit concerns The Japanese yen and the Swiss franc were both stronger Monday on another retreat from risky carry trades, in which purchases of higher-yielding currencies are financed with lower-yielding currencies such as the yen and the franc, as concerns about losses due to the credit crisis continue. These worries were fed by the possibility that insurer American […] August 21, 2008 Yen, Swiss franc stronger on credit fears Story link: Yen, Swiss franc stronger on credit fears The yen and the Swiss franc both strengthened Thursday on speculation that concerns about losses related to the credit crisis will cut demand for purchases of higher-yielding currencies that are typically financed by lower-yielding currencies such as the yen and the franc. In late morning trade in New York the yen traded at ¥161.1536 to the […] August 19, 2008 Yen gains on euro, USD, pound Story link: Yen gains on euro, USD, pound The yen strengthened versus the euro, the US dollar, the pound and the Australian dollar Tuesday as investors backed away from purchases of higher-yield currencies financed with the low-yielding yen, but the US dollar gained on the euro, the pound and the South African rand after wholesale prices in the US were reported to […] August 18, 2008 USD weaker after quick rally Story link: USD weaker after quick rally The US dollar was weaker in relation to the yen, the Australian dollar and the New Zealand dollar Monday on concerns that the recent rally for the greenback, which has added 8.4 percent versus the euro since July, was too quick. The declines for the dollar came ahead of separate reports on wholesale costs and housing […] August 13, 2008 Yen stronger on flight from risk Story link: Yen stronger on flight from risk The Japanese yen strengthened Wednesday as demand of higher-yielding currencies declined as it looked like interest rates in places like Australia and New Zealand are set to decline after major declines in commodities prices. Investors were also scared away from risky carry trades by new data showing that Japan could be about to enter a recession. At […] August 12, 2008 Pound declines on inflation, house prices Story link: Pound declines on inflation, house prices The pound was weaker Tuesday on new data showing that UK inflation was at 4.4 percent in July, higher than anticipated and more than twice the target set by the Bank of England, and after the Royal Institution of Chartered Surveyors reported that house prices were lower again in July. RICS said that 83.9 percent more […] August 8, 2008 Euro drops 3 percent versus USD this week Story link: Euro drops 3 percent versus USD this week The euro was on track to drop 3.1 percent versus the US dollar this week and it was down almost 2 percent on the session to $1.5042 to the shared currency on sentiment that the European Central Bank is not likely to raise Eurozone interest rates anytime soon. The declines came after ECB president Jean-Claude Trichet […] August 5, 2008 Greenback gains ahead of Fed decision Story link: Greenback gains ahead of Fed decision The US dollar was higher versus the euro and several other currencies Tuesday on predictions that while the Federal Reserve will leave interest rates unchanged in today’s meeting, it will also indicate that inflation is a threat and must be held back. In addition, while the Institute for Supply Management’s non-manufacturing index remained below 50 […] August 4, 2008 Pound weaker on construction data Story link: Pound weaker on construction data The pound weakened Monday after the Chartered Institute of Purchasing and Supply said its construction purchasing manager’s index fell to 36.7 in July from 38.8 in June, its lowest since reporting began in 1997, representing a bigger contraction than expected in the construction sector that comprises 6 percent of the UK economy. A report that the […] August 1, 2008 Jobs, manufacturing data help greenback Story link: Jobs, manufacturing data help greenback The US dollar strengthened after the Labor Department reported that the United States economy lost only 51,000 jobs in July, fewer than the 75,000 that had been expected to be lost and although the unemployment rate jumped to 5.7 percent, its highest level in over four years. A separate report from the Institute for Supply Management […] July 30, 2008 Jobs report helps greenback Story link: Jobs report helps greenback The US dollar strengthened again Wednesday after a private report showed that 9,000 new jobs were added in the United States in July, ahead of the official Labor Department report on jobs, which is due Friday. The greenback was also helped by more declines in oil prices. At around 11 a.m in New York, the dollar traded […] July 29, 2008 USD strengthens on oil prices, consumer confidence Story link: USD strengthens on oil prices, consumer confidence The US dollar gained on the euro and the yen Tuesday as US consumer confidence grew and crude oil prices resumed their recent declines. The Conference Board, an independent economic research organization, said its confidence index was up from 51 in June to 51.9 in July. Meanwhile, the yen was hurt by gains in the unemployment rate […] July 24, 2008 Euro, pound weaker on data Story link: Euro, pound weaker on data The euro and the pound were both weaker Thursday after German business confidence and UK retail sales were both reported lower. The Ifo Institute reported that business confidence in Germany was at 97.5 on its business climate index in July, down from 101.2 in June, the biggest drop since September 2001, making it less likely that […] July 16, 2008 USD gains on lower oil prices Story link: USD gains on lower oil prices The US dollar made gains in relation to the euro after oil prices fell again in reaction to higher than expected stockpiles in the United States and after the decline in oil prices sent equities markets higher. A quarterly report from Wells Fargo (NYSE: WFC) that saw quarterly profits better than expected also helped the greenback’s […] July 14, 2008 USD up on government help for Fannie, Freddie Story link: USD up on government help for Fannie, Freddie The US dollar gained ground on the euro Monday after the Federal Reserve gave troubled mortgage lenders Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) permission to borrow directly from the New York Fed and after US Treasury Secretary Henry Paulson asked Congress to grant the Treasury its consent to buy stakes in both […] July 11, 2008 Lender worries hurt USD Story link: Lender worries hurt USD Worries about the fate of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), the two biggest mortgage lenders in the United States, reverberated through currency markets on Friday as investors failed to be moved by statements from US Treasury Secretary Henry Paulson an US President George W. Bush that the government is working […] July 8, 2008 Yen stronger on retreat from risk Story link: Yen stronger on retreat from risk The Japanese yen strengthened Tuesday as equities markets declined, reducing investor interest in risky investments such as carry trades financed with low-yielding currencies such as the yen. The retreat from carry trades weakened currencies with high yields, such as the Australian and New Zealand dollars, but the yen also gained on the US dollar and […] « Previous Page — Next Page »
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