July 15, 2008

USD weaker on Bernanke comments

Story link: USD weaker on Bernanke comments

The US dollar was weaker Tuesday against most major currencies after Federal Reserve chairman Ben Bernanke told the US Senate Banking Committee that risks have increased in relation to both growth and inflation.
Also affecting the dollar were separate reports from the Commerce Department and the Labor Department showing that retail sales gained just 0.1 percent […]

July 9, 2008

Dollar declines after Iran missile test

Story link: Dollar declines after Iran missile test

The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week.
The test, which took place during war games at the mouth of the strategic Strait of […]

July 3, 2008

Euro weaker after rate increase

Story link: Euro weaker after rate increase

The euro weakened Thursday after the European Central Bank raised Eurozone interest rates to 4.25 percent, a gain of a quarter of a percentage point to, to try to bring inflation in check in the region.
However, in comments issued with the announcement, ECB president Jean-Claude Trichet hinted that this might be the last rate hike […]

July 2, 2008

Jobs data hurts USD

Story link: Jobs data hurts USD

The US dollar saw declines after a private report showed more job losses in the US in June.
A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Department’s employment report for the month.
The greenback was also hurt by predictions that […]

May 30, 2008

USD weaker versus euro, yen

Story link: USD weaker versus euro, yen

The US dollar declined in relation to the euro and the yen on Friday but was still headed for its second month in a row of advances versus both currencies on general sentiment that US economic conditions will get better from here on out.
In mid-afternoon trade in New York, the dollar traded at $1.5561 to […]

May 7, 2008

Dollar gains on productivity, prediction of rate hike

Story link: Dollar gains on productivity, prediction of rate hike

The US dollar gained on the euro and the yen Wednesday after the Labor Department reported that non-farm worker productivity was up in the first quarter and on comments from the president of the Kansas City Federal Reserve.
Non-farm productivity was up by 2.2 percent on an annualized basis in the first quarter even as worker […]

May 5, 2008

Euro gains on USD, pound

Story link: Euro gains on USD, pound

The euro strengthened versus the US dollar on Monday on the possibility that the European Central Bank will hold interest rates steady when it meets later in the week after the Bank’s president called the risk of inflation in the Eurozone significant.
The dollar’s decline, however, was moderated by new index readings from the Institute for […]

April 30, 2008

USD gains on euro in April

Story link: USD gains on euro in April

The US dollar gained slightly on the euro Wednesday morning in New York, putting it on track to its first monthly gain versus the euro this year.
The greenback was helped by the possibility that an expected rate cut from the Federal Reserve today will be the last cut for the time being.
At just past 11 […]

April 15, 2008

Data supports US dollar

Story link: Data supports US dollar

The US dollar was stronger versus the euro and the yen on the news that wholesale prices were up more than expected in the United States and on an unexpected expansion of manufacturing in the New York region in April, lowering the chances of a large interest rate cut from the Federal Reserve this month.
The […]

March 20, 2008

US dollar up versus commodity-related currencies

Story link: US dollar up versus commodity-related currencies

The US dollar made gains against commodity-related currencies on Thursday as commodities prices continued their declines on worries that demand for commodities will decline with the weak US economy.
In early afternoon trade in New York, West Texas Intermediate crude oil for May delivery was down $1.84 from Wednesday’s close to $100.70 per barrel, while April […]

February 28, 2008

Dollar at new lows versus euro, Swiss franc

Story link: Dollar at new lows versus euro, Swiss franc

The US dollar weakened Thursday to new lows versus the euro and the Swiss franc and to near a two-and-a-half-year low versus the Japanese yen, while Federal Reserve chairman Ben Bernanke made more comments which have analysts expecting more interest rate cuts soon.
Meanwhile, in a press conference, US President George W. Bush insisted that while […]

February 27, 2008

USD falls on Bernanke comments

Story link: USD falls on Bernanke comments

The US dollar was lower versus the euro on Wednesday on comments from US Federal Reserve chairman Ben Bernanke, who said in testimony before the House Financial Services Committee that the Fed is “ready” to do what is necessary to protect the US economy.
Many analysts took this to meant that more interest rate cuts are […]

February 25, 2008

Yen drops versus all major currencies

Story link: Yen drops versus all major currencies

The yen was lower versus all major currencies on Monday on optimism that US bond insurer Ambac will keep its good credit rating, which sent investors looking for risky carry trades, which they often finance by selling the Japanese currency.
Also fueling optimism was news that there was less of decline in home sales in the […]

February 22, 2008

Yen strengthens on equities declines

Story link: Yen strengthens on equities declines

The yen gained on the US dollar and the euro on Friday on declined on European equities markets and on Wall Street that encouraged investors to exit risky investments such as carry trades.
At just past 1 p.m. in New York the yen traded at ¥106.8650 to the dollar, at ¥158.4006 to the euro, and at […]

February 21, 2008

Pound gains on higher retail sales

Story link: Pound gains on higher retail sales

The pound strengthened versus all major currencies on Thursday on a report from the Office of National Statistics which showed that UK retail sales grew in January by the most in nearly a year.
Sales were 0.8 percent higher in January after a decline of 0.2 percent in December, with food sales growing by 0.7 percent.
The […]

February 12, 2008

Euro gains on yen, USD

Story link: Euro gains on yen, USD

The euro gained on the US dollar and the yen after a new survey showed that German investor confidence grew in February and on comments from a German official.
The German finance minister said he doesn’t see any need for change in Eurozone monetary policy, despite comments from the European Central Bank’s president that implied that […]

February 11, 2008

Yen gains on G7 warning

Story link: Yen gains on G7 warning

The yen gained on the US dollar, the euro, and all other major currencies on Monday after the G7 nations - the United States, the UK, Canada, Italy, France, Germany, and Japan - warned about equities market volatility and the effect it will have on the global economy during a weekend meeting.
G7 officials predicted that […]

February 8, 2008

Euro loses ground versus US dollar

Story link: Euro loses ground versus US dollar

The euro lost ground to the US dollar this week, hurt by remarks from European Central Bank president Jean-Claude Trichet which implied that Eurozone interest rate cuts are coming soon.
In late morning trade in New York on Friday, the dollar was at $1.4498 to the euro, while the pound traded at 74.50p to the shared […]

February 7, 2008

Bank of England cuts interest rates

Story link: Bank of England cuts interest rates

The euro and the pound both declined versus the US dollar on Thursday after the Bank of England’s Monetary Policy Committee cut the UK interest rate and the European Central Bank held Eurozone rates steady at 4 percent but issued a statement that seemed to leave the way open for a rate cut there as […]

February 6, 2008

Euro, pound weaken on interest rate prospects

Story link: Euro, pound weaken on interest rate prospects

The euro and the pound both weakened in relation to most major currencies on Wednesday.
The shared currency declined on the possibility that, while the European Central Bank will hold interest rates steady tomorrow, the ECB’s president will say that rates will have to be cut soon in order to aid growth.
Meanwhile, the pound was hurt […]


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 15, 2008 USD weaker on Bernanke comments Story link: USD weaker on Bernanke comments The US dollar was weaker Tuesday against most major currencies after Federal Reserve chairman Ben Bernanke told the US Senate Banking Committee that risks have increased in relation to both growth and inflation. Also affecting the dollar were separate reports from the Commerce Department and the Labor Department showing that retail sales gained just 0.1 percent […] July 9, 2008 Dollar declines after Iran missile test Story link: Dollar declines after Iran missile test The US dollar weakened Wednesday after oil prices rose in the wake of reports that Iran has tested a missile said to be capable of reaching Israel and after new data showed that US oil inventories declined last week. The test, which took place during war games at the mouth of the strategic Strait of […] July 3, 2008 Euro weaker after rate increase Story link: Euro weaker after rate increase The euro weakened Thursday after the European Central Bank raised Eurozone interest rates to 4.25 percent, a gain of a quarter of a percentage point to, to try to bring inflation in check in the region. However, in comments issued with the announcement, ECB president Jean-Claude Trichet hinted that this might be the last rate hike […] July 2, 2008 Jobs data hurts USD Story link: Jobs data hurts USD The US dollar saw declines after a private report showed more job losses in the US in June. A private report from ADP Employer Services said that there were 79,000 fewer jobs in the US last month, a day ahead of the Labor Department’s employment report for the month. The greenback was also hurt by predictions that […] May 30, 2008 USD weaker versus euro, yen Story link: USD weaker versus euro, yen The US dollar declined in relation to the euro and the yen on Friday but was still headed for its second month in a row of advances versus both currencies on general sentiment that US economic conditions will get better from here on out. In mid-afternoon trade in New York, the dollar traded at $1.5561 to […] May 7, 2008 Dollar gains on productivity, prediction of rate hike Story link: Dollar gains on productivity, prediction of rate hike The US dollar gained on the euro and the yen Wednesday after the Labor Department reported that non-farm worker productivity was up in the first quarter and on comments from the president of the Kansas City Federal Reserve. Non-farm productivity was up by 2.2 percent on an annualized basis in the first quarter even as worker […] May 5, 2008 Euro gains on USD, pound Story link: Euro gains on USD, pound The euro strengthened versus the US dollar on Monday on the possibility that the European Central Bank will hold interest rates steady when it meets later in the week after the Bank’s president called the risk of inflation in the Eurozone significant. The dollar’s decline, however, was moderated by new index readings from the Institute for […] April 30, 2008 USD gains on euro in April Story link: USD gains on euro in April The US dollar gained slightly on the euro Wednesday morning in New York, putting it on track to its first monthly gain versus the euro this year. The greenback was helped by the possibility that an expected rate cut from the Federal Reserve today will be the last cut for the time being. At just past 11 […] April 15, 2008 Data supports US dollar Story link: Data supports US dollar The US dollar was stronger versus the euro and the yen on the news that wholesale prices were up more than expected in the United States and on an unexpected expansion of manufacturing in the New York region in April, lowering the chances of a large interest rate cut from the Federal Reserve this month. The […] March 20, 2008 US dollar up versus commodity-related currencies Story link: US dollar up versus commodity-related currencies The US dollar made gains against commodity-related currencies on Thursday as commodities prices continued their declines on worries that demand for commodities will decline with the weak US economy. In early afternoon trade in New York, West Texas Intermediate crude oil for May delivery was down $1.84 from Wednesday’s close to $100.70 per barrel, while April […] February 28, 2008 Dollar at new lows versus euro, Swiss franc Story link: Dollar at new lows versus euro, Swiss franc The US dollar weakened Thursday to new lows versus the euro and the Swiss franc and to near a two-and-a-half-year low versus the Japanese yen, while Federal Reserve chairman Ben Bernanke made more comments which have analysts expecting more interest rate cuts soon. Meanwhile, in a press conference, US President George W. Bush insisted that while […] February 27, 2008 USD falls on Bernanke comments Story link: USD falls on Bernanke comments The US dollar was lower versus the euro on Wednesday on comments from US Federal Reserve chairman Ben Bernanke, who said in testimony before the House Financial Services Committee that the Fed is “ready” to do what is necessary to protect the US economy. Many analysts took this to meant that more interest rate cuts are […] February 25, 2008 Yen drops versus all major currencies Story link: Yen drops versus all major currencies The yen was lower versus all major currencies on Monday on optimism that US bond insurer Ambac will keep its good credit rating, which sent investors looking for risky carry trades, which they often finance by selling the Japanese currency. Also fueling optimism was news that there was less of decline in home sales in the […] February 22, 2008 Yen strengthens on equities declines Story link: Yen strengthens on equities declines The yen gained on the US dollar and the euro on Friday on declined on European equities markets and on Wall Street that encouraged investors to exit risky investments such as carry trades. At just past 1 p.m. in New York the yen traded at ¥106.8650 to the dollar, at ¥158.4006 to the euro, and at […] February 21, 2008 Pound gains on higher retail sales Story link: Pound gains on higher retail sales The pound strengthened versus all major currencies on Thursday on a report from the Office of National Statistics which showed that UK retail sales grew in January by the most in nearly a year. Sales were 0.8 percent higher in January after a decline of 0.2 percent in December, with food sales growing by 0.7 percent. The […] February 12, 2008 Euro gains on yen, USD Story link: Euro gains on yen, USD The euro gained on the US dollar and the yen after a new survey showed that German investor confidence grew in February and on comments from a German official. The German finance minister said he doesn’t see any need for change in Eurozone monetary policy, despite comments from the European Central Bank’s president that implied that […] February 11, 2008 Yen gains on G7 warning Story link: Yen gains on G7 warning The yen gained on the US dollar, the euro, and all other major currencies on Monday after the G7 nations - the United States, the UK, Canada, Italy, France, Germany, and Japan - warned about equities market volatility and the effect it will have on the global economy during a weekend meeting. G7 officials predicted that […] February 8, 2008 Euro loses ground versus US dollar Story link: Euro loses ground versus US dollar The euro lost ground to the US dollar this week, hurt by remarks from European Central Bank president Jean-Claude Trichet which implied that Eurozone interest rate cuts are coming soon. In late morning trade in New York on Friday, the dollar was at $1.4498 to the euro, while the pound traded at 74.50p to the shared […] February 7, 2008 Bank of England cuts interest rates Story link: Bank of England cuts interest rates The euro and the pound both declined versus the US dollar on Thursday after the Bank of England’s Monetary Policy Committee cut the UK interest rate and the European Central Bank held Eurozone rates steady at 4 percent but issued a statement that seemed to leave the way open for a rate cut there as […] February 6, 2008 Euro, pound weaken on interest rate prospects Story link: Euro, pound weaken on interest rate prospects The euro and the pound both weakened in relation to most major currencies on Wednesday. The shared currency declined on the possibility that, while the European Central Bank will hold interest rates steady tomorrow, the ECB’s president will say that rates will have to be cut soon in order to aid growth. Meanwhile, the pound was hurt […] Next Page »
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