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 […]

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 […]

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 21, 2007

Yen weakens on US spending data

Story link: Yen weakens on US spending data

The Japanese yen weakened against all sixteen major currencies on Friday after the US Commerce Department released new data showing that personal spending was up 1.1 percent in the US in November, much higher than spending in October, easing worries that the US economy will weaken significantly.
The new information as well as a rally among […]

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 […]

December 17, 2007

US dollar gains versus euro

Story link: US dollar gains versus euro

The US dollar was higher against most major currencies on Monday and hit a seven-week high versus the euro on reduced chances that the Federal Reserve will cut interest rates again next month.
Also helping the greenback was a report from the Commerce Department that the US current-account deficit shrunk to $178.5 billion in the third […]

November 12, 2007

Flight from risk helps yen, hurts pound

Story link: Flight from risk helps yen, hurts pound

Sterling weakened Monday on worries about the credit crisis had investors backing away from higher-yielding currencies and after a recommendation cut on Europe’s biggest bank when rated by market value.
HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) saw Morgan Stanley cut its recommendation on the bank from “overweight” to “equal weight” on the possibility […]

November 7, 2007

China forex diversification news hurts USD

Story link: China forex diversification news hurts USD

The US dollar suffered and sterling benefited after China said Wednesday that it will diversify its foreign-exchange reserves to favor stronger currencies over weaker currencies.
The announcement was made at a conference in Beijing where a vice director of China’s central bank said that the dollar “is losing its status as a world currency”, while an […]

October 31, 2007

US dollar weaker ahead of Fed decision

Story link: US dollar weaker ahead of Fed decision

The US dollar was weaker against both the euro and sterling again on Wednesday as investors waited to see what the Federal Reserve would do about interest rates.
The greenback also lost ground to the Canadian and Australian dollars as the vast majority of economists in one survey expected the Fed to cut rates again, with […]

October 15, 2007

US dollar drops on session

Story link: US dollar drops on session

The US dollar was lower against many major currencies on Monday.
The euro was trading at $1.4200 versus the greenback in late New York trade, while the pound was at $2.0424 against the dollar and the yen was at ¥117.21 in relation to the US currency.
The UK currency was helped by new data from real-estate website […]

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Daily World Currencies News from London		Monday 06th 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	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 […] 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 […] 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 21, 2007 Yen weakens on US spending data Story link: Yen weakens on US spending data The Japanese yen weakened against all sixteen major currencies on Friday after the US Commerce Department released new data showing that personal spending was up 1.1 percent in the US in November, much higher than spending in October, easing worries that the US economy will weaken significantly. The new information as well as a rally among […] 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 […] December 17, 2007 US dollar gains versus euro Story link: US dollar gains versus euro The US dollar was higher against most major currencies on Monday and hit a seven-week high versus the euro on reduced chances that the Federal Reserve will cut interest rates again next month. Also helping the greenback was a report from the Commerce Department that the US current-account deficit shrunk to $178.5 billion in the third […] November 12, 2007 Flight from risk helps yen, hurts pound Story link: Flight from risk helps yen, hurts pound Sterling weakened Monday on worries about the credit crisis had investors backing away from higher-yielding currencies and after a recommendation cut on Europe’s biggest bank when rated by market value. HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) saw Morgan Stanley cut its recommendation on the bank from “overweight” to “equal weight” on the possibility […] November 7, 2007 China forex diversification news hurts USD Story link: China forex diversification news hurts USD The US dollar suffered and sterling benefited after China said Wednesday that it will diversify its foreign-exchange reserves to favor stronger currencies over weaker currencies. The announcement was made at a conference in Beijing where a vice director of China’s central bank said that the dollar “is losing its status as a world currency”, while an […] October 31, 2007 US dollar weaker ahead of Fed decision Story link: US dollar weaker ahead of Fed decision The US dollar was weaker against both the euro and sterling again on Wednesday as investors waited to see what the Federal Reserve would do about interest rates. The greenback also lost ground to the Canadian and Australian dollars as the vast majority of economists in one survey expected the Fed to cut rates again, with […] October 15, 2007 US dollar drops on session Story link: US dollar drops on session The US dollar was lower against many major currencies on Monday. The euro was trading at $1.4200 versus the greenback in late New York trade, while the pound was at $2.0424 against the dollar and the yen was at ¥117.21 in relation to the US currency. The UK currency was helped by new data from real-estate website […] « Previous Page — Next Page »
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