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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

US dollar mixed as Philippine peso hits seven-year high against greenback

Story link: US dollar mixed as Philippine peso hits seven-year high against greenback

Emerging market currencies continued their success in relation to the US dollar on Tuesday as the Philippine peso hit its highest level in almost seven years against the greenback. The gain was believed by most analysts to have been triggered by comments from Philippine president Gloria Arroyo, who said the strength of the currency […]

China widens ability of currency to rise and fall against the US dollar

Story link: China widens ability of currency to rise and fall against the US dollar

China’s central bank increased the band in which the renminbi can rise and fall against the US dollar in a session from 0.3 percent to 0.5 percent on Friday. The move was interpreted by most analysts as in line with Beijing’s stated policy of strengthening its currency slowly. It is seen as being […]

Yen, sterling weaken as emerging currencies gain on US dollar

Story link: Yen, sterling weaken as emerging currencies gain on US dollar

Several emerging markets currencies strengthened in relation to the US dollar on Wednesday after new data on Tuesday made it seem more likely that US interest rates could be cut soon. This made investors more willing to take on risk and helped emerging markets.
The Brazilian real added 1.1 percent to trade at $$1.9610 […]

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Sterling strengthened on Monday after new data showed that house prices in the UK rose at their fastest rate in two years in October and mortgage approvals were at their highest in two and a half years in September. Both reports appeared to indicate that the Bank of England will raise interest rates again […]

US dollar weaker against major currencies

Story link: US dollar weaker against major currencies

The US dollar was weaker on Thursday after Wednesday’s decision by the Federal Reserve not to raise interest rates for the second month in a row and the comments that accompanied the announcement, which had BNP Paribas predicting that the Fed could have to lower rates before the year is out. Also hurting the […]

Euro gains on German business sentiment

Story link: Euro gains on German business sentiment

The euro was stronger on Tuesday on new data that tended to reinforce the expectation that eurozone interest rates will be raised again. The probability that the European Central Bank will send rates higher in May has been estimated at anywhere from 50 percent to 90 percent, and some analysts even suspect that a […]

Yen up, US dollar down

Story link: Yen up, US dollar down

The Japanese yen was up in morning trade in Europe on Thursday as the governor of the Bank of Japan made comments to a committee of parliament that seemed to imply that the Bank’s loose monetary policy is about to end. This move, when it is made, is expected to allow interest rates in […]

Emerging currencies decline

Story link: Emerging currencies decline

The decline of the Icelandic krona by 4.6 percent in relation to the US dollar on Tuesday sent a number of emerging and high-yield currencies down on Wednesday morning as investors reacted to the krona’s decline. Tuesday’s drop in the krona led Fitch to lower Iceland’s country rating to “negative” from “stable” due to […]

US dollar ends week strong; euro down

Story link: US dollar ends week strong; euro down

The US dollar rallied this week as a result of both positive economic data and technical factors. Among the good news for the dollar was the fact that capital inflows were up, calming worries about financing the external debt. In addition, figures were released that showed US manufacturing has remained strong.
Another factor in […]

Dollar loses stength again as outlook looks weak

Story link: Dollar loses stength again as outlook looks weak

The US dollar weakened yet again on Thursday as investors waited for US trade figures that are scheduled to be released on Friday.
Analysts seem to feel that the dollar’s failure to gain strength even in the face of recent relatively strong economic data points to structural factors such as the deficits, are affecting […]

Yen stronger on investor confidence as rand and real also rise against USD

Story link: Yen stronger on investor confidence as rand and real also rise against USD

The yen was stronger on Wednesday on surging equities markets, signs of strength in the Japanese economy, and on the possibility that Prime Minister Junichiro Koizumi may yet come out the winner in September’s elections.
Polls in Japanese newspapers showed that Mr. Koizumi’s approval ratings were up and that the majority of those responding […]

Chinese central bank prevents renminbi strength

Story link: Chinese central bank prevents renminbi strength

The renminbi strengthened just a bit in relation to the dollar on Monday, rising to Rmb8.1097 to the dollar at the close of trade after going up to Rmb8.1089 during the day.
In after hours trading, however, it was back down to Rmb8.1115. This trend signaled that China does not intend to let […]

Yen up despite Marine Day holiday

Story link: Yen up despite Marine Day holiday

The yen was up on Monday, despite closed markets for the Japanese Marine Day holiday, while the US dollar and sterling were generally down.
The yen was helped by falling oil prices as Hurricane Emily lost strength as it crossed Mexico’s Yucatan Peninsula was well as a seeming trend for investors to favor growth-oriented […]