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 […]

June 18, 2008

USD gains on yen

Story link: USD gains on yen

Interest rate speculation sent the dollar higher versus the yen Wednesday as investors continued to bet that the Federal Reserve will increase US interest rates later this year and after the minutes of the most recent meeting of the Bank of Japan indicated that it will likely continue to hold interest rates at their current […]

June 17, 2008

US housing starts data hurts dollar

Story link: US housing starts data hurts dollar

The US dollar was weaker again Tuesday, hurt by a new report from the Commerce Department showing that housing starts in the US were down in May, causing speculation that the Federal Reserve will not raise interest rates until the end of the year, if at all.
However, the euro was hurt as well, by a […]

May 13, 2008

Retail sales data helps dollar

Story link: Retail sales data helps dollar

The US dollar strengthened in relation to the euro and the yen on Tuesday on new retail sales data that showed sales excluding automobiles were up in April.
Without auto sales, retail sales in the US added 0.5 percent, more than had been expected.
Still, with auto sales included retail sales were down 0.2 percent in the […]

May 12, 2008

US dollar gains on yen

Story link: US dollar gains on yen

The US dollar was higher versus the yen on sentiment that the Federal Reserve will not cut interest rates at its next meeting, but the greenback lost ground to the euro at just past noon in New York.
It cost ¥103.66 to buy a dollar, while the euro traded at ¥160.68, also gaining on the Japanese […]

May 6, 2008

Dollar weaker versus euro, yen

Story link: Dollar weaker versus euro, yen

The US dollar weakened versus the yen and the euro after mortgage company Fannie Mae (NYSE: FNM) announced that it lost $2.19 billion in the first quarter and said that it expects losses next year to top this year’s.
The company also said it will slash its dividend, the second such announcement since December, and that […]

May 2, 2008

Jobs data helps US dollar

Story link: Jobs data helps US dollar

The US dollar gained on the euro again on Friday to bring this week’s advance against the shared currency to around 1.5 percent.
The greenback was helped by new data from the US Labor Department that showed only 20,000 jobs were lost in the US in April, many fewer than had been anticipated.
The dollar also gained […]

March 5, 2008

Yen weaker as risk aversion fades

Story link: Yen weaker as risk aversion fades

The Japanese yen weakened in relation to all major currencies on Wednesday as new data showed that the US service sector made gains last month, reducing investors’ aversion to risk.
The news on the US service sector came in the form of the Institute for Supply Management’s non-manufacturing index, which was at 49.3 in February.
That reading […]

January 31, 2008

South African rand at 5-month low versus US dollar

Story link: South African rand at 5-month low versus US dollar

The South African rand hit a 5-month low versus the US dollar Thursdasy and dropped against all major currencies after the South African Reserve Bank held the repurchase rate at 11 percent.
In addition, the inflation rate reached 8.6 percent in December, against a target rate of 3 percent to 6 percent, and analysts don’t believe […]

January 29, 2008

Dollar gains on durable goods report

Story link: Dollar gains on durable goods report

The US dollar was stronger versus the euro on Tuesday on a report from the Commerce Department that showed durable goods orders up 5.2 percent in December, against an expected rise of only 1.6 percent as well as on continuing hopes that the Federal Reserve will cut interest rates again later in the week.
The news […]

January 28, 2008

USD lower versus euro on interest rates, new home sales

Story link: USD lower versus euro on interest rates, new home sales

The US dollar dropped to its lowest level versus the euro in almost two weeks on Monday on expectations that the Federal Reserve will cut interest rates by another half of a percentage point when it meets later this week and on new data showing that new home sales were at a 12-year low in […]

January 24, 2008

Euro strengthens on remarks from ECB official

Story link: Euro strengthens on remarks from ECB official

The euro saw gains versus the US dollar and the yen on Thursday after a member of the European Central Bank’s council made comments discounting speculation that the ECB might need to cut interest rates, calling the idea of a rate cut “wishful thinking”.
The euro was lower Wednesday despite remarks from the ECB’s president implying […]

January 23, 2008

Euro weaker despite Trichet comments

Story link: Euro weaker despite Trichet comments

The euro weakened versus the US dollar, the yen, and the Swiss franc on Wednesday as investors didn’t buy into remarks from European Central Bank president Jean-Claude Trichet that he is determined to keep inflation under control.
The general consensus, however, is that the ECB will likely have to follow the Federal Reserve and cut […]

January 21, 2008

Euro weakens versus yen, dollar, pound

Story link: Euro weakens versus yen, dollar, pound

The euro was weaker in relation to the yen, the US dollar, the pound, and several other major currencies on Monday ahead of the scheduled release of the latest Ifo survey on the business climate, due on Thursday and suspicions that the declining economic growth could force the European Central Bank to rethink its […]

January 8, 2008

Pound gains on US dollar, euro, yen

Story link: Pound gains on US dollar, euro, yen

The pound was stronger versus the US dollar, the euro and the yen on Tuesday on sentiment that the Bank of England will be able to avoid cutting interest rates when it meets later in the week.
Helping the gain was new data showing that while UK home prices dropped 0.8 percent in the last quarter […]

January 4, 2008

US dollar drops on employment data

Story link: US dollar drops on employment data

The US dollar fell to one-month lows against both the euro and the yen on Friday after the US Labor Department reported that jobs growth in December fell to its lowest level in four years and the unemployment rate jumped to 5 percent, from 4.8 percent in November.
The report showed that only 18,000 new jobs […]

January 3, 2008

USD benefits from private jobs report, UAE decision

Story link: USD benefits from private jobs report, UAE decision

The US dollar fell to near a one-month low versus the euro on Thursday when it traded at $1.4781 to the euro early, but a private report on US employment that said more new jobs were created there in December than had been expected helped the greenback to regain some of its losses.
However, the […]

December 31, 2007

Euro ends year up on US dollar, pound

Story link: Euro ends year up on US dollar, pound

The US dollar gained on the euro on the last day of the year on Monday, but it still ended the year having lost 10 percent to the shared currency.
At just past noon in New York it took $1.4577 to buy a euro, while the dollar stood at ¥111.8150 to the yen.
The session’s gains for […]

December 18, 2007

Yen down on ECB move

Story link: Yen down on ECB move

Japan’s yen declined in relation to a number of currencies on Tuesday after a huge injection of cash into the banking system by the European Central Bank sent investors back to risky carry trades.
The ECB put $500 billion, a record, into the system, a day after the US Federal Reserve held the first of its […]

August 23, 2007

US dollar declines

Story link: US dollar declines

The US dollar weakened Thursday, falling against both major and emerging markets currencies.
The greenback fell 0.2 percent to $1.3565 in relation to the euro while it dropped 0.6 percent to $2.0050 against sterling and was 0.9 percent lower versus the Canadian dollar, to C$1.0525.
Among emerging currencies, the US currency dropped 0.3 percent to the […]


Daily World Currencies News from London		Friday 25th of July 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	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 […] June 18, 2008 USD gains on yen Story link: USD gains on yen Interest rate speculation sent the dollar higher versus the yen Wednesday as investors continued to bet that the Federal Reserve will increase US interest rates later this year and after the minutes of the most recent meeting of the Bank of Japan indicated that it will likely continue to hold interest rates at their current […] June 17, 2008 US housing starts data hurts dollar Story link: US housing starts data hurts dollar The US dollar was weaker again Tuesday, hurt by a new report from the Commerce Department showing that housing starts in the US were down in May, causing speculation that the Federal Reserve will not raise interest rates until the end of the year, if at all. However, the euro was hurt as well, by a […] May 13, 2008 Retail sales data helps dollar Story link: Retail sales data helps dollar The US dollar strengthened in relation to the euro and the yen on Tuesday on new retail sales data that showed sales excluding automobiles were up in April. Without auto sales, retail sales in the US added 0.5 percent, more than had been expected. Still, with auto sales included retail sales were down 0.2 percent in the […] May 12, 2008 US dollar gains on yen Story link: US dollar gains on yen The US dollar was higher versus the yen on sentiment that the Federal Reserve will not cut interest rates at its next meeting, but the greenback lost ground to the euro at just past noon in New York. It cost ¥103.66 to buy a dollar, while the euro traded at ¥160.68, also gaining on the Japanese […] May 6, 2008 Dollar weaker versus euro, yen Story link: Dollar weaker versus euro, yen The US dollar weakened versus the yen and the euro after mortgage company Fannie Mae (NYSE: FNM) announced that it lost $2.19 billion in the first quarter and said that it expects losses next year to top this year’s. The company also said it will slash its dividend, the second such announcement since December, and that […] May 2, 2008 Jobs data helps US dollar Story link: Jobs data helps US dollar The US dollar gained on the euro again on Friday to bring this week’s advance against the shared currency to around 1.5 percent. The greenback was helped by new data from the US Labor Department that showed only 20,000 jobs were lost in the US in April, many fewer than had been anticipated. The dollar also gained […] March 5, 2008 Yen weaker as risk aversion fades Story link: Yen weaker as risk aversion fades The Japanese yen weakened in relation to all major currencies on Wednesday as new data showed that the US service sector made gains last month, reducing investors’ aversion to risk. The news on the US service sector came in the form of the Institute for Supply Management’s non-manufacturing index, which was at 49.3 in February. That reading […] January 31, 2008 South African rand at 5-month low versus US dollar Story link: South African rand at 5-month low versus US dollar The South African rand hit a 5-month low versus the US dollar Thursdasy and dropped against all major currencies after the South African Reserve Bank held the repurchase rate at 11 percent. In addition, the inflation rate reached 8.6 percent in December, against a target rate of 3 percent to 6 percent, and analysts don’t believe […] January 29, 2008 Dollar gains on durable goods report Story link: Dollar gains on durable goods report The US dollar was stronger versus the euro on Tuesday on a report from the Commerce Department that showed durable goods orders up 5.2 percent in December, against an expected rise of only 1.6 percent as well as on continuing hopes that the Federal Reserve will cut interest rates again later in the week. The news […] January 28, 2008 USD lower versus euro on interest rates, new home sales Story link: USD lower versus euro on interest rates, new home sales The US dollar dropped to its lowest level versus the euro in almost two weeks on Monday on expectations that the Federal Reserve will cut interest rates by another half of a percentage point when it meets later this week and on new data showing that new home sales were at a 12-year low in […] January 24, 2008 Euro strengthens on remarks from ECB official Story link: Euro strengthens on remarks from ECB official The euro saw gains versus the US dollar and the yen on Thursday after a member of the European Central Bank’s council made comments discounting speculation that the ECB might need to cut interest rates, calling the idea of a rate cut “wishful thinking”. The euro was lower Wednesday despite remarks from the ECB’s president implying […] January 23, 2008 Euro weaker despite Trichet comments Story link: Euro weaker despite Trichet comments The euro weakened versus the US dollar, the yen, and the Swiss franc on Wednesday as investors didn’t buy into remarks from European Central Bank president Jean-Claude Trichet that he is determined to keep inflation under control. The general consensus, however, is that the ECB will likely have to follow the Federal Reserve and cut […] January 21, 2008 Euro weakens versus yen, dollar, pound Story link: Euro weakens versus yen, dollar, pound The euro was weaker in relation to the yen, the US dollar, the pound, and several other major currencies on Monday ahead of the scheduled release of the latest Ifo survey on the business climate, due on Thursday and suspicions that the declining economic growth could force the European Central Bank to rethink its […] January 8, 2008 Pound gains on US dollar, euro, yen Story link: Pound gains on US dollar, euro, yen The pound was stronger versus the US dollar, the euro and the yen on Tuesday on sentiment that the Bank of England will be able to avoid cutting interest rates when it meets later in the week. Helping the gain was new data showing that while UK home prices dropped 0.8 percent in the last quarter […] January 4, 2008 US dollar drops on employment data Story link: US dollar drops on employment data The US dollar fell to one-month lows against both the euro and the yen on Friday after the US Labor Department reported that jobs growth in December fell to its lowest level in four years and the unemployment rate jumped to 5 percent, from 4.8 percent in November. The report showed that only 18,000 new jobs […] January 3, 2008 USD benefits from private jobs report, UAE decision Story link: USD benefits from private jobs report, UAE decision The US dollar fell to near a one-month low versus the euro on Thursday when it traded at $1.4781 to the euro early, but a private report on US employment that said more new jobs were created there in December than had been expected helped the greenback to regain some of its losses. However, the […] December 31, 2007 Euro ends year up on US dollar, pound Story link: Euro ends year up on US dollar, pound The US dollar gained on the euro on the last day of the year on Monday, but it still ended the year having lost 10 percent to the shared currency. At just past noon in New York it took $1.4577 to buy a euro, while the dollar stood at ¥111.8150 to the yen. The session’s gains for […] December 18, 2007 Yen down on ECB move Story link: Yen down on ECB move Japan’s yen declined in relation to a number of currencies on Tuesday after a huge injection of cash into the banking system by the European Central Bank sent investors back to risky carry trades. The ECB put $500 billion, a record, into the system, a day after the US Federal Reserve held the first of its […] August 23, 2007 US dollar declines Story link: US dollar declines The US dollar weakened Thursday, falling against both major and emerging markets currencies. The greenback fell 0.2 percent to $1.3565 in relation to the euro while it dropped 0.6 percent to $2.0050 against sterling and was 0.9 percent lower versus the Canadian dollar, to C$1.0525. Among emerging currencies, the US currency dropped 0.3 percent to the […] Next Page »
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