Daily Forex News
 
Daily World Currencies News from London
Thursday 11th of March 2010
September 15, 2009

Yen weakens on US data

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Yen weakens on US data

The Japanese yen weakened Tuesday as good news from US retailers spurred investors to look for riskier investments among higher-yielding currencies.
US retail sales were up 2.7 percent in August; excluding auto sales, they were still up 1.1 percent in the month.
In afternoon trade in New York, the yen traded at ¥90.955 to the US dollar […]



August 28, 2009

Yen weakens on data, risk chances

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Yen weakens on data, risk chances

The yen was weaker Friday as Japan’s unemployment rate was reported at 5.7 percent in July and as consumer prices dropped 2.2 percent from last year.
While the yen recovered slightly as the session progressed on a new US consumer confidence report, the new data on jobs and deflation seemed to point toward a greater possibility […]



August 25, 2009

USD weaker versus yen, euro

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USD weaker versus yen, euro

The US dollar weakened in relation to the euro and the yen Tuesday as US consumer confidence was reported up in August and as home prices fell less quickly, reducing demand for the greenback as a safe investment.
The Conference Board reported that its consumer confidence index as at 54.1 in August, up from 47.4 in […]



August 17, 2009

USD, yen stronger on risk aversion

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USD, yen stronger on risk aversion

The US dollar and the yen strengthened Monday as investors avoided risk after Japan’s gross domestic product did not grow as much as had been hoped in the second quarter.
Japan’s GDP added an annualized 3.7 percent in the second quarter, not as much growth as predicted but still an improvement over its 11.7 percent decline […]



August 14, 2009

Euro weaker on lower consumer prices

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Euro weaker on lower consumer prices

The euro was weaker versus the US dollar and the yen Friday on a report from the European office of statistics which showed that consumer prices in the European Union were down 0.7 percent from last year, while at the same time US consumer prices were unchanged in July from June but were down 2.1 […]



August 11, 2009

Yen stronger on US, China data

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Yen stronger on US, China data

The Japanese yen strengthened Tuesday as US equities markets declined and new data out of China showed fewer loans granted and less exports leaving China.
New figures revealed that China exports were down 23 percent in July from July of last year.
In mid-morning trade in New York, the yen traded at ¥135.6305 to the euro and […]



April 30, 2009

Yen weaker on risk demand

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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 21, 2009

Euro, pound strengthen on new reports

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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 […]



February 26, 2009

USD weaker on data

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USD weaker on data

The US dollar saw declines Thursday on new data from the Labor Department and the Commerce department which showed unemployment up last week and durable-goods orders down for the sixth consecutive month in January.
A Commerce Department report showed that durable-goods orders to manufacturers dropped 5.2 percent in January, more of a decline than had been […]



February 19, 2009

Euro gains on German plans to nationalize lender

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Euro gains on German plans to nationalize lender

The euro strengthened Thursday after German Chancellor Angela Merkel’s cabinet approved draft legislation that would allow the German government to nationalize Hypo Real Estate Holding (FWB: HRX), the nation’s second-biggest commercial property lender, in hopes of helping the regional economy in the Eurozone.
In addition, Germany’s finance minister said that there is nothing to rumors that […]



February 18, 2009

Yen lower on new US plan

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Yen lower on new US plan

The US dollar gained on the yen and the euro on Wednesday on a new plan from the administration of US President Barack Obama that is designed to slow the number of home foreclosures in the United States.
The plan, worth $75 billion, is aimed a helping millions of US homeowners to refinance loans with […]



February 11, 2009

Yen gains as investors avoid risk

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Yen gains as investors avoid risk

The Japanese yen gained on the US dollar Wednesday on doubts about the newly announced plans from the US government to bail out US banks after few details were disclosed in the announcement on Tuesday.
Fewer investors are willing to make risky currency investments after equities markets declined on Tuesday after the unveiling of the […]



January 8, 2009

USD declines versus yen, euro, pound

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USD declines versus yen, euro, pound

The US dollar weakened Thursday ahead of the Labor Department’s jobs report for December, due Friday.
The declines also came on a separate report, also from the Labor Department, which showed that while first-time jobless claims fell to 467,000 last week, the total number of individuals receiving unemployment benefits was up to 4.6 million in the […]



January 7, 2009

Jobs report hurts greenback

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Jobs report hurts greenback

The US dollar weakened in relation to the euro and the yen Wednesday after a private report said that the United States lost nearly 700,000 jobs in December.
With the official Labor Department jobs figures for December to be released Friday, the report from ADP Employer Services showed the December job losses at the highest for […]



November 7, 2008

Jobs data sends US dollar lower

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Jobs data sends US dollar lower

The US dollar was weaker Friday after the Labor Department reported that 240,000 jobs were lost in the United States in October, more than expected.
1.2 million jobs have been lost since the beginning of 2008, with over half of the losses coming in the past three months.
The Labor Department also reported that the unemployment rate […]



October 21, 2008

Yen gains on euro, greenback

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Yen gains on euro, greenback

The Japanese yen strengthened versus the euro and the dollar on the chance that central banks will cut interest rates again soon, while the dollar gained on the euro, also on interest rate speculation.
Speculation is running in the direction that the European Central Bank will cut another three-quarters of a percentage point off Eurozone interest […]



October 15, 2008

Yen gains on flight from risk

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Yen gains on flight from risk

The yen strengthened Wednesday in relation to the US dollar, the euro, and other currencies on concerns that the US is now in a recession and that other economies around the globe will follow and after equities markets around the globe suffered further declines that left investors largely uninterested in entering into risky carry trades.
At […]



October 9, 2008

Yen lower as rate cuts take hold

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Yen lower as rate cuts take hold

The Japanese yen reversed recent gains and weakened versus the US dollar, the euro, the Australian dollar and the New Zealand dollar Thursday after interest in carry trades revived on interest rate cuts from several Western and Asian central banks yesterday and today.
At right around noon in New York the yen traded at ¥100.68 […]



October 6, 2008

Euro weaker on credit mess

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Euro weaker on credit mess

The euro weakened Monday as the credit crisis spread to Europe and banks there headed for bailouts while the yen saw gains as investors deserted carry trades amid chaos in the markets.
In Germany, a group including the German government and private banks and insurers mounted a rescue of Hypo Real Estate Holdings (FWB: HRX), the […]



September 25, 2008

Pound gains on inflation comments

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Pound gains on inflation comments

The pound gained on the US dollar, the euro and the yen Thursday after a Bank of England official said that the Bank needs to keep inflation as its main focus when deciding policy after new data showed that UK inflation was up to 4.7 percent in August.
In morning trade in New York, the pound […]




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